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El Niño to Peak in December at Record Strength; Australian Food Prices Set to Rise
WMO forecasts El Niño will peak in December 2026 at record strength, with sea-surface temperatures reaching 3.7°C above normal. Australian chocolate and coffee prices face upward pressure as cocoa and coffee supplies shrink.
TCS Q2 Profit Jumps 15% to Rs 13,884 Crore on AI Revenue Surge
TCS Q2 FY27 net profit rises 15% to Rs 13,884 crore with revenue up 11%. AI revenue crosses $3.1 billion. Board approves Rs 12 dividend.
El Niño to Peak in December at Record Strength, WMO Warns
WMO forecasts El Niño will peak in December 2026 at record strength, with 99% certainty it persists through February 2027. Record Pacific temperatures threaten cocoa and coffee supplies, pushing Australian food prices higher.
Indigenous Leader Mick Mundine Charged Over 1986 Child Sexual Assault
Prominent Sydney Indigenous leader Mick Mundine, 79, charged with sexual assault of a 15-year-old girl in 1986. Arrested in Redfern, granted bail, due in court October 14.
OCBC Drops 5.9% to S$30.30 After Citi Downgrade on October 7
OCBC stock fell 5.9% to S$30.30 on October 7 after Citi downgraded it to sell with a S$27.50 target. The bank shed S$8 billion in market value amid profit-taking and valuation concerns.
Firmus IPO Crashes to $8.25 as Bankers Scramble to Save $43B Float
Firmus IPO price slashed to A$8.25 from A$11 as weak international demand forces A$8 billion valuation cut. ASX float may be pulled entirely.
EU Expansion Plan Shifts to Gradual Entry, Cuts Unanimity Rule October 8
EU Commission proposes phased EU membership, qualified majority voting, and safeguards for new members. Montenegro could join by 2028. Enlargement Commissioner Marta Kos outlines reforms October 6.
DBS CEO Tan Su Shan Named Her World Woman of Year 2026
DBS CEO Tan Su Shan wins Her World Woman of the Year 2026 award. The first female CEO of Singapore’s largest bank has driven DBS stock up 60% and the bank to S$200 billion market cap.
Citi Tops Global IPO Underwriting, Overtakes Goldman Sachs in 2026
Citigroup takes top spot in global IPO underwriting through September 2026, ahead of Goldman Sachs, after advising on SK Hynix $26.5B and SpaceX $86B listings.