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International / Politics
The death toll from the Oct. 22 explosion at the Plastmassy Kopeysk explosives factory in Chelyabinsk Oblast, Russia, has risen to at least 10, with 12 people reported missing and between 18 and 19 injured, according to regional Governor Alexey Teksler . The updated figures represent a significant increase from the initial report of nine deaths and five injuries. The facility, a key enterprise within Russia's military-industrial complex under the state corporation Rostec, produces ammunition for field and naval artillery, as well as tank and self-propelled guns
. Governor Teksler declared a municipal emergency in the Kopeysk district and explicitly denied claims of a Ukrainian drone attack, attributing the explosion to "violations of safety technical regulations"
. Russian investigators opened a criminal case into the incident on Oct. 24
. Rescue operations continued through Oct. 23, and Oct. 24 was declared a day of mourning in the region
.
The Kopeysk explosion occurred amid escalating drone warfare between Russia and Ukraine. Russia's Ministry of Defense reported intercepting and destroying 293 Ukrainian drones over Russian territory within the past 24 hours, including 139 drones overnight across multiple regions such as Belgorod, Bryansk, Voronezh, and Ryazan . In Russia's Belgorod region, Ukrainian forces launched over 120 drones and more than 15 rounds of ammunition, killing one civilian in Kukuyevka and injuring several others, including a nine-year-old child
. A fire broke out at a facility in Ryazan Oblast due to debris from a Ukrainian drone strike, with unverified social media images suggesting the target was an oil refinery near the Dyagilevo military airfield
. Additionally, a drone of unknown origin with Ukrainian-language inscriptions crashed in Kazakhstan's Burlynsky District, bordering Russia's Orenburg Oblast, causing no casualties but forming a crater at the impact site
.
In Ukraine, Russian drone attacks intensified, with Ukraine's Air Force reporting that Russia launched 130 drones targeting multiple cities . In Kyiv, drone strikes on Oct. 23 injured eight people and damaged a synagogue, with fires reported in three residential buildings in the Podil district
. Ukraine's foreign ministry stated that since Russia's invasion began in February 2022, 640 places of worship and 67 religious leaders have been killed
. In Kramatorsk, a Russian Lancet drone strike killed two Ukrainian journalists, Olena Gramova and Yevguen Karmazin, at a gas station on Oct. 23, while a third journalist, Alexander Kolichev, was injured and hospitalized
. This incident marked the 114th and 115th journalist deaths since the war began, according to the Ukrainian Institute of Mass Information
. In Kharkiv region, a rescue worker was killed and five others were wounded while extinguishing a fire caused by a Russian strike on the village of Zelenyi Gai
. Ukraine reported shooting down 139 Russian drones overnight, primarily over western regions
.


International / Politics
Two Russian military aircraft violated Lithuanian airspace Oct. 23, prompting an immediate NATO response and strong diplomatic condemnation from Vilnius. A Su-30 fighter jet and an Il-78 aerial refueling tanker penetrated approximately 700 meters into Lithuanian territory near the town of Kibartai, close to the Russian exclave of Kaliningrad, and remained in the airspace for about 18 seconds around 18:00 local time .
In response, two Spanish Eurofighter Typhoon jets deployed under NATO's Air Policing mission were scrambled to intercept the intruders and continue conducting aerial patrols over the region . Lithuanian President Gitanas Nausėda, speaking from Brussels during an EU leaders' meeting on support for Ukraine, condemned the incident as a "flagrant violation of international law and Lithuania's territorial integrity"
. He emphasized that such violations have become increasingly frequent in the Baltic region and underscored the urgent need to strengthen European air defense readiness
.
The Lithuanian Ministry of Foreign Affairs announced it would summon Russian diplomatic representatives to deliver a formal protest note against what it described as "reckless and dangerous behavior" . Lithuanian Prime Minister Ingrida Šimonytė praised the swift and coordinated response by Lithuanian defense services and NATO allies, describing the situation as under full control
. She also characterized Russia's actions as those of a "terrorist state" that disregards international law and the security of neighboring countries, while affirming Lithuania's commitment to defending every part of its territory
. The Russian Ministry of Defense has not yet commented on the allegations
.
The incident follows a pattern of recent Russian military activity near NATO borders, including a similar airspace violation in Estonia the previous month, which prompted NATO to hold emergency talks over concerns that Russia is testing the alliance's resolve . Additionally, Poland's border service reported that Russian fighters flew at low altitude over the Petrobaltic offshore drilling platform in the Baltic Sea
. The aircraft were reportedly conducting a refueling exercise over the Baltic Sea when the violation occurred
.


Politics / Economy / International
U.S. President Donald Trump selected a mid-level sanctions package targeting Russia's energy sector after reviewing three options, according to The Wall Street Journal . The chosen approach, supported by Secretary of State Marco Rubio and Defense Secretary Pete Hegseth, imposed sanctions on Rosneft and Lukoil on Oct. 22, 2025, with full enforcement beginning Nov. 22, 2025, requiring global firms to sever ties with the companies within one month
. Trump rejected both the strictest option—targeting Russian industry and senior officials—and the mildest option involving limited measures
.
The decision came after Trump stated he had "lost patience" with Putin, who "repeatedly engaged in positive conversations but failed to deliver results" on Ukraine peace negotiations . Treasury Secretary Scott Bessent justified the measures by stating Putin was "not honest and transparent" during Ukraine negotiations
. Trump mocked Putin's assertion that the sanctions would have negligible impact, saying, "I'm glad he feels that way. We'll see in six months"
. The sanctions aim to force Russia into "realistic and fair negotiations" through economic pressure
.
Amos Hochstein, former Biden special envoy and current managing partner at TWG Global, warned that if oil prices rise significantly, the increase would offset Russia's losses and harm U.S. consumers and allies . Following the announcement, oil prices rose more than $2 per barrel, with Brent and WTI futures climbing due to sanctions and growing U.S. energy demand
. China's state oil companies—including PetroChina, Sinopec, CNOOC, and Zhenhua Oil—temporarily halted purchases of Russian crude due to sanctions concerns
. India, the world's largest maritime importer of Russian oil, announced plans to sharply reduce imports to comply with U.S. restrictions
.
The European Union reduced the price cap on Russian crude oil to $47.6 per barrel . Analysts at Kpler predict an "immediate, short-term disruption" in Russian oil exports as exporters reorganize trade systems and reassure buyers
. Paul Kelso of Sky News noted that the sanctions' primary strength lies in cutting off Rosneft and Lukoil from the U.S. dollar, global trading markets, insurance, and other financial services, rather than restricting physical access to infrastructure
. Analysts warn that the measures could lead to a global oil shortage in 2026
.
Putin acknowledged the sanctions as "serious" and admitted they could lead to "certain losses," but maintained they would not significantly impact Russia's economic well-being, labeling the U.S. actions as an "unfriendly gesture" and an attempt to exert pressure . He also claimed the sanctions would result in higher fuel prices in America
. Russian Foreign Ministry spokesperson Maria Zakharova dismissed the sanctions as ineffective, asserting Russia has developed resilience to such measures
.


Politics
President Donald Trump canceled plans to deploy federal agents and troops to San Francisco on Oct. 23, 2025, following a phone call with Mayor Daniel Lurie and appeals from prominent tech executives Jensen Huang (Nvidia CEO) and Marc Benioff (Salesforce CEO) . Trump announced the decision on Truth Social, stating that Lurie had "politely asked" for time to address crime locally and that influential residents wanted to give the city "a shot" at recovery
. "I told him I think he is making a mistake, because we can do it much faster, and remove the criminals that the Law does not permit him to remove," Trump wrote, but ultimately agreed to defer the deployment, stating, "let's see how you do?"
.
Lurie confirmed the cancellation in a post on X, emphasizing that while San Francisco welcomes partnerships with federal law enforcement agencies such as the FBI, DEA, ATF, and U.S. Attorney's Office to combat drugs and crime, military and militarized immigration enforcement would hinder the city's economic recovery . "The presence of military and militarized immigration agents would obstruct our progress. I appreciate that the president understands that when San Francisco is strong, our country is strong," Lurie said
. Homeland Security Secretary Kristi Noem reaffirmed the decision in a separate call with Lurie
.
The planned operation reportedly involved over 100 U.S. Customs and Border Protection agents targeting locations in the Bay Area, including Coast Guard Island in Alameda, where 200 to 300 protesters had gathered . Police used at least one flash-bang grenade to clear demonstrators from the entrance as CBP vehicles entered
. Rev. Deborah Lee, co-director of the Interfaith Movement for Human Integrity, which helped organize the protest, expressed disbelief and questioned whether the pause applied only to San Francisco or extended to the entire Bay Area and beyond
.
California Governor Gavin Newsom praised the reversal, calling Trump's initial plan "authoritarian overreach" that violated state sovereignty and the Constitution . Newsom had threatened to sue if federal troops were deployed, and Democratic Reps. Nancy Pelosi and Kevin Mullin warned that federal agents violating California law could be arrested and that the president cannot pardon them
. Trump has previously deployed federal forces to several Democratic-led cities, including Los Angeles, Washington D.C., Chicago, Portland, and Memphis, citing crime and immigration enforcement, prompting multiple lawsuits
. San Francisco officials maintain that crime rates remain at record lows, contradicting Trump's claims that crime has gotten out of control
.


Politics / Economy / International
On Oct. 24, 2025, U.S. President Donald Trump terminated all trade negotiations with Canada, citing a controversial Ontario government advertisement that featured selectively edited audio from former President Ronald Reagan's 1987 speech on tariffs . Trump accused Canada of producing a 'fraudulent' ad designed to interfere with the U.S. Supreme Court's upcoming ruling on the legality of his global tariff regime
. The Ronald Reagan Presidential Foundation and Institute confirmed the ad misrepresented Reagan's remarks and was used without authorization, stating it was reviewing legal options
.
The advertisement, part of a campaign with conflicting cost reports ranging from $75,000 to $75 million
, featured Reagan warning that tariffs harm American workers and consumers
. Ontario Premier Doug Ford, who described himself as a 'big Ronald Reagan fan,' defended the campaign as an effort to oppose U.S. tariffs and promote cross-border cooperation
. Trump emphasized on Truth Social that 'TARIFFS ARE VERY IMPORTANT TO THE NATIONAL SECURITY, AND ECONOMY, OF THE U.S.A.' and declared 'ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED' due to Canada's 'egregious behavior'
.
The termination follows a recent meeting between Trump and Canadian Prime Minister Mark Carney, during which Trump praised Carney as a 'world-class leader' but offered no tariff concessions . Despite the collapse of talks, approximately 85% of cross-border trade remains tariff-free under the USMCA agreement
, though Trump's sectoral tariffs on steel, aluminum, and automobiles have significantly impacted Canada's economy, causing job losses and business strain
. The U.S. and Canada conducted over $900 billion in trade last year, with about 75% of Canadian exports going to the U.S.
. The U.S. Supreme Court is scheduled to hear oral arguments on Nov. 5 regarding the legality of Trump's tariffs, which are central to his second-term policy agenda
.


Politics / International
U.S. President Donald Trump announced Oct. 23 that ground operations in Venezuela targeting drug cartels are imminent, declaring 'Land will be next' and asserting the U.S. would 'kill people who come into our country' without seeking a formal declaration of war from Congress . Trump justified the escalation by claiming Venezuela generates approximately $100 billion annually from drug trafficking, particularly fentanyl, and accused the country of emptying its prisons and sending criminals to the U.S.
. He also alleged that China uses Venezuela as a conduit for smuggling fentanyl into the United States
. Defense Secretary Pete Hegseth announced the formation of a joint operational force within U.S. Southern Command (SOUTHCOM) to target drug trafficking organizations, and Trump stated he had activated the legal basis for military force against Venezuelan vessels accused of drug trafficking
.
Trump denied reports by The Wall Street Journal that B-1 bombers had been deployed near Venezuelan airspace, calling such claims 'false' . However, flight tracking data confirmed that at least one B-1B bomber flew near Venezuela's coast Oct. 23, marking the second such demonstration within a week
. Since Sept. 2, U.S. military strikes in the Caribbean and Pacific have resulted in at least 37 deaths, according to AFP's analysis of U.S. military announcements
. The U.S. has not provided evidence that the eight vessels and one semi-submersible targeted were used for drug trafficking
.
In response to Trump's announcement, Venezuelan President Nicolás Maduro issued an urgent appeal in English, stating 'Please, no crazy war, please!' during a meeting with pro-government unions . Maduro accused the U.S. of seeking regime change and mobilized millions of militia members, claiming Venezuela possesses over 5,000 Russian-made Igla-S portable anti-aircraft missiles deployed across strategic locations, including remote mountainous areas
. Venezuelan Defense Minister Vladimir Padrino López confirmed the presence of CIA operatives in Venezuela, stating 'They may deploy — I don't know how many — CIA-affiliated units in covert operations... and any attempt will fail'
.
Analysts, including those cited by The New York Times and CNN, suggest the real aim of the U.S. military buildup may be regime change rather than drug interdiction, with the campaign intended to pressure Maduro into resigning by creating a credible threat of war . Critics, including Democratic lawmakers and Republican Senator Mark Kelly, warned the strategy risks American lives and could backfire, citing past U.S. military failures in Vietnam, Cuba, Iraq, and Afghanistan
. Experts have raised concerns about the legality of using lethal force in international waters against unintercepted suspects without due process
. Trinidad and Tobago announced a U.S. warship would dock in its capital from Oct. 26–30 to conduct joint exercises with its defense forces; two of the 37 people killed in U.S. strikes were citizens of Trinidad and Tobago
.


Politics
The White House East Wing was completely demolished by Oct. 23, 2025, as part of President Donald Trump's $300 million ballroom project, according to satellite imagery and Associated Press photos . The demolition, which began Oct. 20, proceeded without formal approval from the National Capital Planning Commission (NCPC), which remains inactive due to a government shutdown that started Oct. 1
. White House Press Secretary Karoline Leavitt defended the demolition, citing a legal opinion that only "vertical construction" requires NCPC approval, and stated that architects advised complete demolition was necessary for structural integrity
.
Trump stated he would donate "millions of dollars" of his own money but did not specify an amount, while claiming total donations have reached approximately $350 million . The project's cost increased from an initial $200 million estimate in July 2025 to $300 million, though Leavitt did not explain the $100 million increase
. Major donors include Amazon, Apple, Google, Microsoft, Meta Platforms, Lockheed Martin, T-Mobile, Union Pacific Railroad, the Winklevoss twins, Harold Hamm, Kelly Loeffler and Jeff Sprecher, and Benjamín León
. T-Mobile clarified its contribution was to a National Park Service initiative for historic preservation and stated it had no influence over fund usage
. Trump joked at a recent donor dinner that sponsorship "is the price of access to the President"
. Former White House counsel Richard Painter (2005-2007) criticized the project, stating it uses access to the White House to raise money and that donor companies will likely seek favors from the government
.
The planned ballroom will span 90,000 square feet (approximately 8,000-8,400 square meters) and accommodate between 650 and 999 people, nearly twice the size of the existing 55,000-square-foot White House . The East Wing, originally built in 1902 during Theodore Roosevelt's presidency and expanded in 1942 under Franklin D. Roosevelt to include a basement bunker, historically served as the formal entrance for official visits, housed offices for First Ladies, and was a venue for state functions
. The National Trust for Historic Preservation called for an immediate halt to demolition, urging legally required public review and consultation with the NCPC and Commission of Fine Arts, arguing the project could "overwhelm" the White House's historic character
. Critics, including heritage and civil rights organizations, accuse Trump of violating preservation protocols and appropriating the "People's House"
.
Trump previously claimed in July 2025 that the ballroom would not interfere with the existing building and would cost $200 million, contradicting the current full demolition and increased cost . Leavitt stated the administration has been "transparent" about the project and rejected claims of secrecy
. Public reaction remains mixed, with some supporting the renovation as a personal touch by past presidents and others expressing outrage that the White House should not be altered at the president's discretion
. The project is scheduled for completion by January 2029, before the end of Trump's second term
. The White House Historical Association confirmed all historical elements were documented and digitally scanned before demolition, and Leavitt affirmed that the First Lady's offices will return after completion
. Leavitt described the ballroom as Trump's "main priority," stating Trump, who considers himself a "builder at heart," continuously seeks improvements for the White House
.


Politics / International
Colombian President Gustavo Petro accused the United States Oct. 23 of committing "extrajudicial executions" through military strikes on vessels in the Pacific and Caribbean, stating that nine attacks since Sept. 2 have killed 37 people and violated international law . Petro specifically condemned the killing of a Colombian fisherman near Santa Marta, asserting U.S. forces violated Colombian waters
. He argued that suspected drug traffickers should be brought to justice rather than killed, and criticized the "disproportionate use of force" as a breach of international humanitarian law
.
The White House, through spokesperson Karoline Leavitt, responded by calling Petro "unhinged" and "delusional," stating the administration sees no signs of de-escalation and that President Trump "doesn't care about that right now" . Trump announced plans to expand operations to land-based strikes in Colombia and Venezuela, stating cartels would be targeted "on land" as they shift routes after naval blockades
. Trump justified the campaign by claiming drug cartels "killed 300,000 people last year," providing legal justification for military force without congressional approval
. The U.S. has authorized the CIA to conduct covert operations in Venezuela, potentially including efforts to oust President Nicolás Maduro
.
Venezuela expressed solidarity with Petro, with Interior Minister Diosdado Cabello stating Petro is the first Colombian president he recalls who actively combats drug trafficking, and warning that attacks on Colombia are also attacks on Venezuela . Venezuelan Defense Minister Vladimir Padrino López stated the Bolivarian National Armed Forces support Colombia against U.S. "threats"
. Leopoldo López, a fugitive Venezuelan opposition leader, endorsed potential U.S. attacks on Venezuela, stating it is "correct and necessary" to identify targets within Venezuela and that pressure should extend to Venezuelan territory
. Russia's UN envoy Vasili Nebenzia labeled the operations a "flagrant campaign of political, military, and psychological pressure" against an independent state
.
Petro vowed to defend himself legally in U.S. courts against Trump's accusations, stating he would hire American lawyers to fight defamation charges . Petro warned that cuts to U.S. military funding could pose significant challenges, particularly the loss of U.S. military helicopters, though he stated suspension of humanitarian aid would have little impact
. Despite challenges, Petro claimed record cocaine seizures of 2,800 metric tons in three years, particularly at Pacific ports
.


French investigators announced a major breakthrough Oct. 23 in the Louvre Museum heist case: over 150 forensic samples, including DNA traces recovered from a motorcycle helmet and glove left behind by the suspects, have been collected and are being analyzed . Paris Prosecutor Laure Beccuau stated that surveillance footage has enabled investigators to track the suspects' movements across Paris and neighboring departments, with additional images from public and private cameras on highways, banks, and businesses being analyzed
. Beccuau emphasized the urgency of apprehending the suspects quickly to recover the jewels—valued at €88 million ($102 million)—before their gemstones are removed and the metals melted down
. She expressed cautious hope that the widespread media coverage may deter the thieves from moving too freely with the stolen items
.
New video footage released Oct. 23 shows two of the four thieves descending from the Apollo Gallery balcony via a truck-mounted mechanical lift and fleeing on scooters after stealing eight royal jewels in just seven minutes Oct. 19 . The footage, filmed by a bystander and widely circulated on social media, captures the suspects—one wearing a yellow reflective vest to impersonate museum staff and another in a motorcycle helmet—rushing down the lift platform before escaping on high-powered scooters
. Audio from the video includes police sirens and a security guard's frustrated exclamations such as 'Blast! Try the police. They've gone!'
. The thieves attempted to set the truck on fire after exiting but failed
.
A forthcoming report by the French Court of Auditors, to be published in early November, highlights serious security flaws at the Louvre, noting 'continuous and significant delays' in providing adequate security technology despite a €323 million annual operating budget . The report reveals that fewer than one-third of the galleries have at least one camera, and only 138 additional cameras have been installed over five years
. Louvre Director Laurence des Cars admitted during Senate testimony Oct. 22 that the museum's surveillance system was 'very insufficient,' with no external cameras covering the balcony used by the thieves
. Des Cars submitted her resignation following the heist but was rejected by President Emmanuel Macron
. She called for immediate enhancements to external security and the establishment of an on-site police station
.
In a bizarre twist, the crane manufacturer, Böcker Maschinenwerke GmbH, shared a photo of the crane used in the heist on its Instagram account with the caption 'We transport your jewels silently,' drawing global attention . The stolen items include Empress Eugénie's diamond crown (recovered but damaged after being dropped during the escape), jewelry belonging to Empress Marie-Louise and Queen Marie-Amélie, and other pieces from the Bonaparte family collections
. The Louvre reopened Oct. 22, but the Apollo Gallery remains closed
. Experts have called this the most serious theft in the Louvre's history
.


A Kaveri Travels bus traveling from Hyderabad to Bengaluru caught fire near Chinnatekuru village in Kurnool district, Andhra Pradesh, on Oct. 24 around 3:00-3:30 a.m., killing at least 20 people and injuring numerous others . The bus was carrying approximately 40-44 passengers when it collided with a motorcycle on National Highway 44
.
The motorcycle became lodged underneath the bus, rupturing its fuel tank and causing an explosion that ignited the fire . The flames spread rapidly through the air-conditioned vehicle while most passengers were asleep
. The bus doors jammed due to a short circuit or severed wires, trapping passengers inside
. Between 12 and 21 passengers escaped by breaking window panes and using emergency exits, sustaining injuries ranging from minor to severe
.
Heavy rainfall at the time hampered rescue operations . The bus driver and helper fled the scene, though reports vary on whether they were taken into custody
. Local residents assisted before fire tenders arrived
. The injured were transported to Kurnool Government Hospital
.
Andhra Pradesh Chief Minister N. Chandrababu Naidu, who was in Dubai or the UAE, expressed shock and directed officials to provide medical assistance . President Droupadi Murmu also expressed condolences, stating, "I extend my heartfelt condolences to the bereaved family members and pray for the speedy recovery of those injured"
. Police registered a case and are collecting DNA samples from charred remains
. DIG Koya Praveen noted the absence of adequate fire safety features in the bus
. This incident follows a similar tragedy on Oct. 14, 2025, when 22 people died in a bus fire in Rajasthan
.


Politics / International
Ukrainian President Volodymyr Zelenskyy announced Oct. 23 that Ukraine is in active negotiations with European countries to acquire long-range Tomahawk cruise missiles, following U.S. President Donald Trump's decision to withhold the weapons . Speaking at the European Council summit in Brussels, Zelenskyy emphasized that Tomahawk missiles—capable of striking targets up to 2,500 kilometers away—are not exclusive to the United States, noting that several European nations, including the United Kingdom and the Netherlands, already possess them
.
Zelenskyy argued that deploying such weapons would force Russian President Vladimir Putin to "feel the real consequences of the war" and could "truly change the course of the war," citing Putin's visible nervousness when the topic arises as evidence of their strategic importance . He told EU leaders, "I urgently ask you to support anything that helps Ukraine acquire these capabilities—because it makes a big difference to Russia"
. The Tomahawk would represent the most powerful long-range strike capability Ukraine has received from its allies to date, surpassing previous deliveries such as British Storm Shadow, U.S. ATACMS, and French SCALP missiles
.
The Ukrainian leader also urged EU members to expedite approval of a €140 billion loan funded by frozen Russian assets, stating the funds would strengthen Ukraine's air defense, frontline positions, and enable purchases of European-made weapons . "I ask you to decide as quickly as possible. Russian assets should be fully used for defense against Russian aggression," Zelenskyy stated
. He emphasized that using these funds to buy European defense systems would benefit the EU economically
.
The EU announced it would agree in principle to finance Ukraine for the next two years, with EU Council chief António Costa stating a political decision would be made by Oct. 23, though technical details would follow . However, Belgium—holding €185 billion of the €200 billion in frozen Russian assets via Euroclear—threatened to block the plan unless three conditions are met: shared financial risk for potential legal action by Russia, transparency in the legal basis, and inclusion of frozen assets held by other countries
. Belgian Prime Minister Bart De Wever demanded these guarantees before proceeding
.
EU leaders also adopted a 19th sanctions package against Russia, which Zelenskyy described as "a very important decision" . The package includes a ban on Russian liquefied natural gas starting January 2027 and measures targeting the shadow tanker fleet and two Chinese refineries
. Internal EU debate continues over how the loan should be used, with some members wanting all funds for military spending on European weapons, while others support flexibility for U.S. arms and general budget use
.
Trump had previously indicated he had "practically decided" on Tomahawk delivery but later stated he would not proceed, citing concerns over Ukraine's intended use and the need to avoid escalation . Trump also claimed to have discussed the issue with Putin, who reportedly demanded Ukraine cede full control of Donetsk Oblast as a condition for ending the war—a demand Zelenskyy rejected as unacceptable
. U.S. Vice President JD Vance confirmed Oct. 19 that Trump had not yet made a final decision
. Former President Trump also emphasized that training to operate Tomahawk missiles would take at least a year and that only the U.S. currently possesses the capability
. Russia has denounced the frozen assets plan as illegal and warned of retaliation
.


Politics
Argentine President Javier Milei appointed Pablo Quirno, the Secretary of Finance, as the new Minister of Foreign Affairs on Oct. 23, replacing Gerardo Werthein, who will step down Oct. 27 . However, the appointment has sparked immediate controversy: Quirno has not submitted his legally required 2024 sworn declaration of assets, despite the July 31 deadline, according to investigative reporting by Perfil.com and confirmation from Argentina's Anti-Corruption Office
.
Quirno, who serves as Secretary of Finance and is the key operative for Economy Minister Luis Caputo in managing Argentina's domestic and foreign debt, previously declared a net worth of 160 million pesos (approximately $440,000) in December 2023—a figure considered low for a former global investment banker . At that time, he reported properties and deposits primarily abroad, with no declared financial investments
. Since then, he has not updated his declaration
. His failure to comply with transparency requirements has reignited concerns about accountability and financial oversight in Argentina's most sensitive government role, particularly amid ongoing economic and political tensions
.
Quirno, a University of Pennsylvania economics graduate and former JP Morgan Latin America Director, has been a key member of Caputo's economic team and played a central role in securing the recent financial support agreement with U.S. Treasury Secretary Scott Bessent . The official presidential statement described Quirno as a "key member of the economic team that prevented the greatest crisis in the country's history" and a "fundamental part of building the Argentine miracle"
.
The appointment aims to strengthen ties between the Ministry of Foreign Affairs and the Ministry of Economy, advancing Milei's pro-market agenda and Argentina's reintegration into Western markets . Quirno will focus on opening Argentina to global markets through trade agreements, including a bilateral agreement allowing 150 Argentine products to enter the U.S. market with zero or below-10% tariffs
. He must also maintain strong trade ties with China, Argentina's second-largest trading partner since August
.
Quirno becomes Milei's third foreign minister in less than two years, following the dismissal of Diana Mondino in October 2024 and Werthein's brief tenure . Werthein's resignation followed clashes with presidential advisor Santiago Caputo over U.S. relations and dissatisfaction after Milei's Oct. 14 meeting with President Trump, during which Trump warned that U.S. support depends on Milei's electoral success
.
The move consolidates power for Santiago Caputo, who reportedly drove Quirno's appointment and now exerts influence over key government entities including intelligence, privatization, YPF communications, justice, and parts of health . Quirno, a trusted figure of both Luis Caputo and Santiago Caputo, has close ties to the libertarian youth group Las Fuerzas del Cielo and frequently participates in Carajo Stream, an officialist streaming channel linked to Santiago Caputo
.
The appointment comes days before pivotal Oct. 26 legislative elections and amid Argentina's ongoing currency crisis, with over $1 billion spent defending the peso in recent weeks—a strategy deemed unsustainable by most economists . Analysts note that Quirno's leadership may strengthen coordination between Argentina's Ministry of Foreign Affairs and Ministry of Economy, shifting focus from cultural or ideological diplomacy to macroeconomic and financial cooperation
. His appointment has generated positive expectations in Washington, particularly regarding the future of Argentina's diplomatic and economic relationship with the United States
.


International
A catastrophic explosion at a military explosives factory in Kopeisk, Chelyabinsk region, Russia, killed at least 12 people with 10 others missing as of Oct. 23, 2025, according to regional Governor Alexei Teksler . The blast occurred on the evening of Oct. 22 at the Plastmass plant, which produces explosives for the Russian Armed Forces, triggering a massive fire that was brought under control by Thursday morning
. Five people were hospitalized with serious injuries, including two in critical condition at a specialized burn center
. Social media footage showed a large fireball erupting into the night sky, scattering glowing embers across the area
.
Governor Teksler explicitly ruled out a drone attack as the cause of the explosion, though a criminal investigation has been launched to determine the circumstances . The governor declared a day of mourning for the region, and emergency services remained on-site conducting search and rescue operations
. Kopeisk, with a population of approximately 150,000, is located about 1,600 km from Ukraine and hosts numerous industrial facilities
. The incident occurred amid ongoing Ukrainian drone strikes targeting Russian industrial sites since Russia's large-scale invasion of Ukraine in February 2022
.
Separately, on Oct. 23, Ukrainian drone attacks on Belgorod Oblast injured at least 12 civilians, including a 17-year-old minor, according to Governor Vyacheslav Gladkov . In the village of Streletske, Belgorodsky District, two drones struck a commercial facility, injuring four men and two women with shrapnel wounds to their limbs and abdomen
. All six victims were transported to Belgorod City Hospital No. 2 by emergency medical services
. In Belgorod city, a drone attack on a bus stop injured six people, including the 17-year-old, who suffered barotrauma and a shrapnel wound to the leg
. Five women sustained shrapnel wounds to the head and legs
. All injured civilians received necessary medical assistance
.
The attacks caused extensive damage to civilian infrastructure, including private homes, apartment buildings, a social center, an administrative building, and vehicles . In Streletske, a non-operational private home caught fire after a drone strike but was extinguished by emergency crews . The Russian Ministry of Defense reported destroying 32 additional Ukrainian drones over Russian regions on the morning of Oct. 23, bringing the total to 171 drones intercepted over a 24-hour period
. Ukrainian forces also targeted the Ryazan Oil Refinery, causing a fire at the industrial facility, though Governor Pavel Malkov confirmed no casualties and stated that material damage was being assessed
.


Business / Technology / Finance
Intel reported third-quarter 2025 revenue of $13.7 billion, a 3% year-over-year increase and the first positive growth in 18 months, surpassing analyst expectations of $13.13 billion . The company posted a net profit of $4.1 billion, reversing a $16.6 billion loss from the same quarter in 2024 and marking its first quarterly profit since late 2023 after 18 consecutive months of losses—the longest losing streak in over 35 years
. Adjusted earnings per share reached $0.23, significantly exceeding the consensus estimate of $0.01
. Intel's adjusted gross margin climbed to 40%, the highest since Q1 2024, beating the expected 35.7%
.
The turnaround was driven by aggressive cost-cutting measures under CEO Lip-Bu Tan, who eliminated over 15,000 jobs and scaled back predecessor Pat Gelsinger's costly foundry expansion plans that led to Intel's first annual loss since 1986 in 2024 . Tan, who assumed leadership in March 2025, reaffirmed a $10 billion cost-reduction target by 2026
.
Critical to the recovery were major capital injections: an $8.9 billion investment from the U.S. government under the CHIPS Act, granting it a 10% stake, with $5.7 billion reflected in Q3 results ; a $5 billion equity investment from Nvidia for approximately 4% ownership, tied to a strategic partnership integrating Intel CPUs with Nvidia GPUs
; and a $2 billion investment from SoftBank
. The U.S. government's stake was finalized after a hastily arranged Washington meeting prompted by concerns over Tan's ties to China
.
Client computing revenue reached $8.5 billion, up 5% year-over-year, with management citing demand outpacing supply—a trend expected to continue into 2026 . Data center CPU sales declined 1% to $4.1 billion, though Intel anticipates recovery through its Nvidia partnership
. The foundry unit generated $4.2 billion in Q3 sales, all internal with no external clients yet, but Intel confirmed it began producing its most advanced 18A process chips at its Arizona facility during the quarter, with Panther Lake processors expected to launch in January 2026
.
For Q4, Intel forecasted revenue between $12.8 billion and $13.8 billion, slightly below the $13.37 billion analyst consensus, partly due to the September sale of 51% of its Altera subsidiary, which removed $400 million to $500 million in expected revenue . Despite the cautious outlook, CFO David Zinsner described the results as "stronger than expected," noting 12 consecutive quarters of improvement
. Intel's stock surged approximately 7% in after-hours trading and has rallied nearly 90% year-to-date through October 2025
.


Politics / International / Economy
European Union leaders formally postponed until Dec. 18-19 a final decision on using approximately €140 billion ($162-163 billion) in frozen Russian central bank assets to fund a reparations loan for Ukraine, following a summit in Brussels Oct. 23-24 . The delay came after Belgium, which hosts roughly €180-200 billion of the frozen assets through the Euroclear depositary in Brussels, demanded stronger legal guarantees and risk-sharing mechanisms to protect itself from potential Russian retaliation
.
Belgian Prime Minister Bart De Wever insisted that all EU member states share liability for potential consequences, including Russian lawsuits, seizure of European assets in Russia, and confiscation of Western companies operating in Russia . De Wever also demanded that other countries holding frozen Russian assets contribute to the support mechanism and that the EU provide transparent legal foundations before Belgium would agree to the proposal
. He warned that Belgium could face massive compensation claims—potentially equivalent to its entire annual federal budget—if Russia pursues legal action or if sanctions are lifted in a future peace deal
.
The final summit conclusions directed the European Commission to present various financing options based on Ukraine's assessed needs at the next European Council meeting scheduled for Dec. 18-19, 2025 . EU Commission President Ursula von der Leyen acknowledged the complexity of the issue, stating that "many questions remain to be clarified" and that multiple options are being explored
. European Council President Antonio Costa affirmed that the EU remains committed to covering Ukraine's financial needs for the next two years and expects a final decision at the December summit
.
The proposed mechanism would involve the EU borrowing against matured funds from the frozen assets held at Euroclear to provide Ukraine with a zero-interest loan, with repayment contingent on Russia paying war reparations . This structure aims to avoid classification as "confiscation" under international law
. Ukrainian President Volodymyr Zelenskyy urged swift action, stating that Ukraine needs the funds by early 2026 and welcomed the political backing as an important step, though he acknowledged that timing depends on broader political and institutional decisions
.
The International Monetary Fund estimates Ukraine's fiscal needs for 2026-2027 at approximately $60 billion (€52 billion), with an additional €80 billion required for weapons and ammunition . Russia has dismissed the proposal as illegal seizure of property and warned of "painful" retaliation
. The EU also announced its 19th sanctions package since 2022, including a complete ban on Russian liquefied natural gas (LNG) imports by end-2026 and measures targeting Russia's "ghost fleet" of tankers
. Meanwhile, the United States imposed sanctions on Russia's two largest oil companies, Rosneft and Lukoil, marking the first time such measures were taken against Russia's oil sector, though President Donald Trump dismissed the sanctions as ineffective, predicting they would have little impact in six months
.


Entertainment / Culture
Dave Ball, the 66-year-old co-founder and keyboardist of the pioneering British synth-pop duo Soft Cell, died peacefully in his sleep at his London home Oct. 22 . His bandmate Marc Almond, 68, confirmed the passing, describing Ball as a "wonderfully brilliant musical genius"
. Ball had been in declining health for years, yet remained creatively active until the end, completing Soft Cell's final studio album, Danceteria, just days before his death
. The album, named after the legendary New York nightclub the duo frequented during their peak, is set for release in spring 2026
.
Ball's last performance was at the Rewind Festival in Henley-on-Thames in August 2025, where Soft Cell headlined to over 20,000 fans . Almond noted that Ball was "elated and given an enormous boost" by the performance, despite performing in a wheelchair due to his declining health
. Almond expressed deep sorrow that Ball would not live to celebrate their 50th anniversary together in 2026
.
Soft Cell, formed in 1979 when Ball and Almond met at the University of Leeds, revolutionized the synth-pop genre with their 1981 debut album Non-Stop Erotic Cabaret . Their iconic cover of "Tainted Love" became the best-selling single of 1981 in the UK, reached number one in 17 countries, and peaked at No. 8 on the Billboard Hot 100 in 1982
. The duo achieved 12 top 40 hits in the UK during the 1980s and influenced artists including David Bowie and Nine Inch Nails
.
Beyond Soft Cell, Ball co-founded the acid house group The Grid in 1988 with Richard Norris, known for the 1994 hit "Swamp Thing" . He also worked as a producer and songwriter with artists such as Kylie Minogue and Pet Shop Boys
. Ball is survived by his four children
. Almond emphasized that Ball's music will endure, stating, "At any given moment, someone somewhere in the world will be getting pleasure from a Soft Cell song"
.


Politics / International
U.S. President Donald Trump and Chinese President Xi Jinping will both make state visits to South Korea during the Asia-Pacific Economic Cooperation (APEC) summit in Gyeongju, marking a significant diplomatic moment as the two leaders visit the same country within days of each other . Trump will arrive Oct. 29 for a one-night, two-day visit, while Xi will arrive Nov. 1, the final day of the APEC summit
. South Korean President Lee Jae-myung will hold a summit with Trump on the afternoon of Oct. 29, followed by a summit with Xi on Nov. 1, immediately after Lee hands over the APEC chairmanship to China
. The meetings will take place in Gyeongju or surrounding areas, potentially utilizing APEC facilities such as museums and auxiliary buildings, though exact locations have not been disclosed
.
Ahead of the Trump-Xi meeting on Oct. 30, high-level ministerial talks between the U.S. and China are scheduled for Oct. 25-26 in Malaysia to address escalating tensions over export controls, rare earth restrictions, and tariffs . U.S. Treasury Secretary Bessent and USTR representative Jamison Greer will represent the U.S., while China will be represented by Vice Premier He Lifeng
. The talks come after China expanded export controls on rare-earth minerals, a move seen as retaliation against U.S. economic policies
. Trump has identified the fentanyl crisis as his "top priority" for the summit with Xi, citing U.S. accusations that China fails to stop the flow of precursor chemicals used in fentanyl production
. The U.S. has imposed a 20% additional tariff on China citing inadequate control over fentanyl precursor trafficking, and a breakthrough in fentanyl control cooperation could ease tensions
. Trump recently adopted a more optimistic tone, stating, "I think we're going to come out very well, and everyone's going to be very happy"
.
The U.S.-South Korea summit will focus on finalizing a $350 billion investment package, but significant disagreements remain over cash prepayment requirements, investment allocation, and profit distribution . Despite progress in follow-up talks in Washington, D.C., the South Korean negotiation team returned to South Korea on Oct. 24 without a resolution
. South Korea has indicated a maximum feasible investment of around $100 billion in direct investment, with the remainder to be funded through loans and funds, and insists on maintaining control over investment selection and profit sharing
. The U.S. initially demanded full direct investment, while South Korea has advocated for a phased payment structure
. South Korean Presidential Secretary for Policy Kim Yong-beom stated that with APEC approaching and no additional face-to-face negotiations possible, achieving a resolution at APEC is "a long way off," describing the current impasse as typical of high-stakes negotiations
. President Lee emphasized that resolving the differences will require "considerable time and effort," cautioning against rushing to finalize a written agreement due to concerns about long-term economic constraints
.
Trump's Asia tour includes stops in Malaysia and Japan, where he will meet with Prime Minister Anwar Ibrahim and Japan's new Prime Minister Sanae Takaichi . Preparations are also underway for a potential summit between Lee and Japan's Prime Minister during the APEC gathering, though no date has been finalized
. While speculation has emerged about a potential meeting between Trump and North Korean leader Kim Jong-un during the APEC event, South Korean National Security Advisor Wi Sung-lac stated there are "no new developments" from the North Korea-U.S. side
. The White House spokesperson confirmed that the Taiwan issue is likely to be discussed during the Trump-Xi bilateral meeting, as part of efforts to resolve ongoing trade tensions
. Beijing has reportedly demanded a formal U.S. statement opposing Taiwan independence, and any U.S. concession would be seen as a significant diplomatic victory for China
.




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International / Politics
The death toll from the Oct. 22 explosion at the Plastmassy Kopeysk explosives factory in Chelyabinsk Oblast, Russia, has risen to at least 10, with 12 people reported missing and between 18 and 19 injured, according to regional Governor Alexey Teksler . The updated figures represent a significant increase from the initial report of nine deaths and five injuries. The facility, a key enterprise within Russia's military-industrial complex under the state corporation Rostec, produces ammunition for field and naval artillery, as well as tank and self-propelled guns
. Governor Teksler declared a municipal emergency in the Kopeysk district and explicitly denied claims of a Ukrainian drone attack, attributing the explosion to "violations of safety technical regulations"
. Russian investigators opened a criminal case into the incident on Oct. 24
. Rescue operations continued through Oct. 23, and Oct. 24 was declared a day of mourning in the region
.
The Kopeysk explosion occurred amid escalating drone warfare between Russia and Ukraine. Russia's Ministry of Defense reported intercepting and destroying 293 Ukrainian drones over Russian territory within the past 24 hours, including 139 drones overnight across multiple regions such as Belgorod, Bryansk, Voronezh, and Ryazan . In Russia's Belgorod region, Ukrainian forces launched over 120 drones and more than 15 rounds of ammunition, killing one civilian in Kukuyevka and injuring several others, including a nine-year-old child
. A fire broke out at a facility in Ryazan Oblast due to debris from a Ukrainian drone strike, with unverified social media images suggesting the target was an oil refinery near the Dyagilevo military airfield
. Additionally, a drone of unknown origin with Ukrainian-language inscriptions crashed in Kazakhstan's Burlynsky District, bordering Russia's Orenburg Oblast, causing no casualties but forming a crater at the impact site
.
In Ukraine, Russian drone attacks intensified, with Ukraine's Air Force reporting that Russia launched 130 drones targeting multiple cities . In Kyiv, drone strikes on Oct. 23 injured eight people and damaged a synagogue, with fires reported in three residential buildings in the Podil district
. Ukraine's foreign ministry stated that since Russia's invasion began in February 2022, 640 places of worship and 67 religious leaders have been killed
. In Kramatorsk, a Russian Lancet drone strike killed two Ukrainian journalists, Olena Gramova and Yevguen Karmazin, at a gas station on Oct. 23, while a third journalist, Alexander Kolichev, was injured and hospitalized
. This incident marked the 114th and 115th journalist deaths since the war began, according to the Ukrainian Institute of Mass Information
. In Kharkiv region, a rescue worker was killed and five others were wounded while extinguishing a fire caused by a Russian strike on the village of Zelenyi Gai
. Ukraine reported shooting down 139 Russian drones overnight, primarily over western regions
.


International / Politics
Two Russian military aircraft violated Lithuanian airspace Oct. 23, prompting an immediate NATO response and strong diplomatic condemnation from Vilnius. A Su-30 fighter jet and an Il-78 aerial refueling tanker penetrated approximately 700 meters into Lithuanian territory near the town of Kibartai, close to the Russian exclave of Kaliningrad, and remained in the airspace for about 18 seconds around 18:00 local time .
In response, two Spanish Eurofighter Typhoon jets deployed under NATO's Air Policing mission were scrambled to intercept the intruders and continue conducting aerial patrols over the region . Lithuanian President Gitanas Nausėda, speaking from Brussels during an EU leaders' meeting on support for Ukraine, condemned the incident as a "flagrant violation of international law and Lithuania's territorial integrity"
. He emphasized that such violations have become increasingly frequent in the Baltic region and underscored the urgent need to strengthen European air defense readiness
.
The Lithuanian Ministry of Foreign Affairs announced it would summon Russian diplomatic representatives to deliver a formal protest note against what it described as "reckless and dangerous behavior" . Lithuanian Prime Minister Ingrida Šimonytė praised the swift and coordinated response by Lithuanian defense services and NATO allies, describing the situation as under full control
. She also characterized Russia's actions as those of a "terrorist state" that disregards international law and the security of neighboring countries, while affirming Lithuania's commitment to defending every part of its territory
. The Russian Ministry of Defense has not yet commented on the allegations
.
The incident follows a pattern of recent Russian military activity near NATO borders, including a similar airspace violation in Estonia the previous month, which prompted NATO to hold emergency talks over concerns that Russia is testing the alliance's resolve . Additionally, Poland's border service reported that Russian fighters flew at low altitude over the Petrobaltic offshore drilling platform in the Baltic Sea
. The aircraft were reportedly conducting a refueling exercise over the Baltic Sea when the violation occurred
.


Politics / Economy / International
U.S. President Donald Trump selected a mid-level sanctions package targeting Russia's energy sector after reviewing three options, according to The Wall Street Journal . The chosen approach, supported by Secretary of State Marco Rubio and Defense Secretary Pete Hegseth, imposed sanctions on Rosneft and Lukoil on Oct. 22, 2025, with full enforcement beginning Nov. 22, 2025, requiring global firms to sever ties with the companies within one month
. Trump rejected both the strictest option—targeting Russian industry and senior officials—and the mildest option involving limited measures
.
The decision came after Trump stated he had "lost patience" with Putin, who "repeatedly engaged in positive conversations but failed to deliver results" on Ukraine peace negotiations . Treasury Secretary Scott Bessent justified the measures by stating Putin was "not honest and transparent" during Ukraine negotiations
. Trump mocked Putin's assertion that the sanctions would have negligible impact, saying, "I'm glad he feels that way. We'll see in six months"
. The sanctions aim to force Russia into "realistic and fair negotiations" through economic pressure
.
Amos Hochstein, former Biden special envoy and current managing partner at TWG Global, warned that if oil prices rise significantly, the increase would offset Russia's losses and harm U.S. consumers and allies . Following the announcement, oil prices rose more than $2 per barrel, with Brent and WTI futures climbing due to sanctions and growing U.S. energy demand
. China's state oil companies—including PetroChina, Sinopec, CNOOC, and Zhenhua Oil—temporarily halted purchases of Russian crude due to sanctions concerns
. India, the world's largest maritime importer of Russian oil, announced plans to sharply reduce imports to comply with U.S. restrictions
.
The European Union reduced the price cap on Russian crude oil to $47.6 per barrel . Analysts at Kpler predict an "immediate, short-term disruption" in Russian oil exports as exporters reorganize trade systems and reassure buyers
. Paul Kelso of Sky News noted that the sanctions' primary strength lies in cutting off Rosneft and Lukoil from the U.S. dollar, global trading markets, insurance, and other financial services, rather than restricting physical access to infrastructure
. Analysts warn that the measures could lead to a global oil shortage in 2026
.
Putin acknowledged the sanctions as "serious" and admitted they could lead to "certain losses," but maintained they would not significantly impact Russia's economic well-being, labeling the U.S. actions as an "unfriendly gesture" and an attempt to exert pressure . He also claimed the sanctions would result in higher fuel prices in America
. Russian Foreign Ministry spokesperson Maria Zakharova dismissed the sanctions as ineffective, asserting Russia has developed resilience to such measures
.


Politics
President Donald Trump canceled plans to deploy federal agents and troops to San Francisco on Oct. 23, 2025, following a phone call with Mayor Daniel Lurie and appeals from prominent tech executives Jensen Huang (Nvidia CEO) and Marc Benioff (Salesforce CEO) . Trump announced the decision on Truth Social, stating that Lurie had "politely asked" for time to address crime locally and that influential residents wanted to give the city "a shot" at recovery
. "I told him I think he is making a mistake, because we can do it much faster, and remove the criminals that the Law does not permit him to remove," Trump wrote, but ultimately agreed to defer the deployment, stating, "let's see how you do?"
.
Lurie confirmed the cancellation in a post on X, emphasizing that while San Francisco welcomes partnerships with federal law enforcement agencies such as the FBI, DEA, ATF, and U.S. Attorney's Office to combat drugs and crime, military and militarized immigration enforcement would hinder the city's economic recovery . "The presence of military and militarized immigration agents would obstruct our progress. I appreciate that the president understands that when San Francisco is strong, our country is strong," Lurie said
. Homeland Security Secretary Kristi Noem reaffirmed the decision in a separate call with Lurie
.
The planned operation reportedly involved over 100 U.S. Customs and Border Protection agents targeting locations in the Bay Area, including Coast Guard Island in Alameda, where 200 to 300 protesters had gathered . Police used at least one flash-bang grenade to clear demonstrators from the entrance as CBP vehicles entered
. Rev. Deborah Lee, co-director of the Interfaith Movement for Human Integrity, which helped organize the protest, expressed disbelief and questioned whether the pause applied only to San Francisco or extended to the entire Bay Area and beyond
.
California Governor Gavin Newsom praised the reversal, calling Trump's initial plan "authoritarian overreach" that violated state sovereignty and the Constitution . Newsom had threatened to sue if federal troops were deployed, and Democratic Reps. Nancy Pelosi and Kevin Mullin warned that federal agents violating California law could be arrested and that the president cannot pardon them
. Trump has previously deployed federal forces to several Democratic-led cities, including Los Angeles, Washington D.C., Chicago, Portland, and Memphis, citing crime and immigration enforcement, prompting multiple lawsuits
. San Francisco officials maintain that crime rates remain at record lows, contradicting Trump's claims that crime has gotten out of control
.


Politics / Economy / International
On Oct. 24, 2025, U.S. President Donald Trump terminated all trade negotiations with Canada, citing a controversial Ontario government advertisement that featured selectively edited audio from former President Ronald Reagan's 1987 speech on tariffs . Trump accused Canada of producing a 'fraudulent' ad designed to interfere with the U.S. Supreme Court's upcoming ruling on the legality of his global tariff regime
. The Ronald Reagan Presidential Foundation and Institute confirmed the ad misrepresented Reagan's remarks and was used without authorization, stating it was reviewing legal options
.
The advertisement, part of a campaign with conflicting cost reports ranging from $75,000 to $75 million
, featured Reagan warning that tariffs harm American workers and consumers
. Ontario Premier Doug Ford, who described himself as a 'big Ronald Reagan fan,' defended the campaign as an effort to oppose U.S. tariffs and promote cross-border cooperation
. Trump emphasized on Truth Social that 'TARIFFS ARE VERY IMPORTANT TO THE NATIONAL SECURITY, AND ECONOMY, OF THE U.S.A.' and declared 'ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED' due to Canada's 'egregious behavior'
.
The termination follows a recent meeting between Trump and Canadian Prime Minister Mark Carney, during which Trump praised Carney as a 'world-class leader' but offered no tariff concessions . Despite the collapse of talks, approximately 85% of cross-border trade remains tariff-free under the USMCA agreement
, though Trump's sectoral tariffs on steel, aluminum, and automobiles have significantly impacted Canada's economy, causing job losses and business strain
. The U.S. and Canada conducted over $900 billion in trade last year, with about 75% of Canadian exports going to the U.S.
. The U.S. Supreme Court is scheduled to hear oral arguments on Nov. 5 regarding the legality of Trump's tariffs, which are central to his second-term policy agenda
.


Politics / International
U.S. President Donald Trump announced Oct. 23 that ground operations in Venezuela targeting drug cartels are imminent, declaring 'Land will be next' and asserting the U.S. would 'kill people who come into our country' without seeking a formal declaration of war from Congress . Trump justified the escalation by claiming Venezuela generates approximately $100 billion annually from drug trafficking, particularly fentanyl, and accused the country of emptying its prisons and sending criminals to the U.S.
. He also alleged that China uses Venezuela as a conduit for smuggling fentanyl into the United States
. Defense Secretary Pete Hegseth announced the formation of a joint operational force within U.S. Southern Command (SOUTHCOM) to target drug trafficking organizations, and Trump stated he had activated the legal basis for military force against Venezuelan vessels accused of drug trafficking
.
Trump denied reports by The Wall Street Journal that B-1 bombers had been deployed near Venezuelan airspace, calling such claims 'false' . However, flight tracking data confirmed that at least one B-1B bomber flew near Venezuela's coast Oct. 23, marking the second such demonstration within a week
. Since Sept. 2, U.S. military strikes in the Caribbean and Pacific have resulted in at least 37 deaths, according to AFP's analysis of U.S. military announcements
. The U.S. has not provided evidence that the eight vessels and one semi-submersible targeted were used for drug trafficking
.
In response to Trump's announcement, Venezuelan President Nicolás Maduro issued an urgent appeal in English, stating 'Please, no crazy war, please!' during a meeting with pro-government unions . Maduro accused the U.S. of seeking regime change and mobilized millions of militia members, claiming Venezuela possesses over 5,000 Russian-made Igla-S portable anti-aircraft missiles deployed across strategic locations, including remote mountainous areas
. Venezuelan Defense Minister Vladimir Padrino López confirmed the presence of CIA operatives in Venezuela, stating 'They may deploy — I don't know how many — CIA-affiliated units in covert operations... and any attempt will fail'
.
Analysts, including those cited by The New York Times and CNN, suggest the real aim of the U.S. military buildup may be regime change rather than drug interdiction, with the campaign intended to pressure Maduro into resigning by creating a credible threat of war . Critics, including Democratic lawmakers and Republican Senator Mark Kelly, warned the strategy risks American lives and could backfire, citing past U.S. military failures in Vietnam, Cuba, Iraq, and Afghanistan
. Experts have raised concerns about the legality of using lethal force in international waters against unintercepted suspects without due process
. Trinidad and Tobago announced a U.S. warship would dock in its capital from Oct. 26–30 to conduct joint exercises with its defense forces; two of the 37 people killed in U.S. strikes were citizens of Trinidad and Tobago
.


Politics
The White House East Wing was completely demolished by Oct. 23, 2025, as part of President Donald Trump's $300 million ballroom project, according to satellite imagery and Associated Press photos . The demolition, which began Oct. 20, proceeded without formal approval from the National Capital Planning Commission (NCPC), which remains inactive due to a government shutdown that started Oct. 1
. White House Press Secretary Karoline Leavitt defended the demolition, citing a legal opinion that only "vertical construction" requires NCPC approval, and stated that architects advised complete demolition was necessary for structural integrity
.
Trump stated he would donate "millions of dollars" of his own money but did not specify an amount, while claiming total donations have reached approximately $350 million . The project's cost increased from an initial $200 million estimate in July 2025 to $300 million, though Leavitt did not explain the $100 million increase
. Major donors include Amazon, Apple, Google, Microsoft, Meta Platforms, Lockheed Martin, T-Mobile, Union Pacific Railroad, the Winklevoss twins, Harold Hamm, Kelly Loeffler and Jeff Sprecher, and Benjamín León
. T-Mobile clarified its contribution was to a National Park Service initiative for historic preservation and stated it had no influence over fund usage
. Trump joked at a recent donor dinner that sponsorship "is the price of access to the President"
. Former White House counsel Richard Painter (2005-2007) criticized the project, stating it uses access to the White House to raise money and that donor companies will likely seek favors from the government
.
The planned ballroom will span 90,000 square feet (approximately 8,000-8,400 square meters) and accommodate between 650 and 999 people, nearly twice the size of the existing 55,000-square-foot White House . The East Wing, originally built in 1902 during Theodore Roosevelt's presidency and expanded in 1942 under Franklin D. Roosevelt to include a basement bunker, historically served as the formal entrance for official visits, housed offices for First Ladies, and was a venue for state functions
. The National Trust for Historic Preservation called for an immediate halt to demolition, urging legally required public review and consultation with the NCPC and Commission of Fine Arts, arguing the project could "overwhelm" the White House's historic character
. Critics, including heritage and civil rights organizations, accuse Trump of violating preservation protocols and appropriating the "People's House"
.
Trump previously claimed in July 2025 that the ballroom would not interfere with the existing building and would cost $200 million, contradicting the current full demolition and increased cost . Leavitt stated the administration has been "transparent" about the project and rejected claims of secrecy
. Public reaction remains mixed, with some supporting the renovation as a personal touch by past presidents and others expressing outrage that the White House should not be altered at the president's discretion
. The project is scheduled for completion by January 2029, before the end of Trump's second term
. The White House Historical Association confirmed all historical elements were documented and digitally scanned before demolition, and Leavitt affirmed that the First Lady's offices will return after completion
. Leavitt described the ballroom as Trump's "main priority," stating Trump, who considers himself a "builder at heart," continuously seeks improvements for the White House
.


Politics / International
Colombian President Gustavo Petro accused the United States Oct. 23 of committing "extrajudicial executions" through military strikes on vessels in the Pacific and Caribbean, stating that nine attacks since Sept. 2 have killed 37 people and violated international law . Petro specifically condemned the killing of a Colombian fisherman near Santa Marta, asserting U.S. forces violated Colombian waters
. He argued that suspected drug traffickers should be brought to justice rather than killed, and criticized the "disproportionate use of force" as a breach of international humanitarian law
.
The White House, through spokesperson Karoline Leavitt, responded by calling Petro "unhinged" and "delusional," stating the administration sees no signs of de-escalation and that President Trump "doesn't care about that right now" . Trump announced plans to expand operations to land-based strikes in Colombia and Venezuela, stating cartels would be targeted "on land" as they shift routes after naval blockades
. Trump justified the campaign by claiming drug cartels "killed 300,000 people last year," providing legal justification for military force without congressional approval
. The U.S. has authorized the CIA to conduct covert operations in Venezuela, potentially including efforts to oust President Nicolás Maduro
.
Venezuela expressed solidarity with Petro, with Interior Minister Diosdado Cabello stating Petro is the first Colombian president he recalls who actively combats drug trafficking, and warning that attacks on Colombia are also attacks on Venezuela . Venezuelan Defense Minister Vladimir Padrino López stated the Bolivarian National Armed Forces support Colombia against U.S. "threats"
. Leopoldo López, a fugitive Venezuelan opposition leader, endorsed potential U.S. attacks on Venezuela, stating it is "correct and necessary" to identify targets within Venezuela and that pressure should extend to Venezuelan territory
. Russia's UN envoy Vasili Nebenzia labeled the operations a "flagrant campaign of political, military, and psychological pressure" against an independent state
.
Petro vowed to defend himself legally in U.S. courts against Trump's accusations, stating he would hire American lawyers to fight defamation charges . Petro warned that cuts to U.S. military funding could pose significant challenges, particularly the loss of U.S. military helicopters, though he stated suspension of humanitarian aid would have little impact
. Despite challenges, Petro claimed record cocaine seizures of 2,800 metric tons in three years, particularly at Pacific ports
.


French investigators announced a major breakthrough Oct. 23 in the Louvre Museum heist case: over 150 forensic samples, including DNA traces recovered from a motorcycle helmet and glove left behind by the suspects, have been collected and are being analyzed . Paris Prosecutor Laure Beccuau stated that surveillance footage has enabled investigators to track the suspects' movements across Paris and neighboring departments, with additional images from public and private cameras on highways, banks, and businesses being analyzed
. Beccuau emphasized the urgency of apprehending the suspects quickly to recover the jewels—valued at €88 million ($102 million)—before their gemstones are removed and the metals melted down
. She expressed cautious hope that the widespread media coverage may deter the thieves from moving too freely with the stolen items
.
New video footage released Oct. 23 shows two of the four thieves descending from the Apollo Gallery balcony via a truck-mounted mechanical lift and fleeing on scooters after stealing eight royal jewels in just seven minutes Oct. 19 . The footage, filmed by a bystander and widely circulated on social media, captures the suspects—one wearing a yellow reflective vest to impersonate museum staff and another in a motorcycle helmet—rushing down the lift platform before escaping on high-powered scooters
. Audio from the video includes police sirens and a security guard's frustrated exclamations such as 'Blast! Try the police. They've gone!'
. The thieves attempted to set the truck on fire after exiting but failed
.
A forthcoming report by the French Court of Auditors, to be published in early November, highlights serious security flaws at the Louvre, noting 'continuous and significant delays' in providing adequate security technology despite a €323 million annual operating budget . The report reveals that fewer than one-third of the galleries have at least one camera, and only 138 additional cameras have been installed over five years
. Louvre Director Laurence des Cars admitted during Senate testimony Oct. 22 that the museum's surveillance system was 'very insufficient,' with no external cameras covering the balcony used by the thieves
. Des Cars submitted her resignation following the heist but was rejected by President Emmanuel Macron
. She called for immediate enhancements to external security and the establishment of an on-site police station
.
In a bizarre twist, the crane manufacturer, Böcker Maschinenwerke GmbH, shared a photo of the crane used in the heist on its Instagram account with the caption 'We transport your jewels silently,' drawing global attention . The stolen items include Empress Eugénie's diamond crown (recovered but damaged after being dropped during the escape), jewelry belonging to Empress Marie-Louise and Queen Marie-Amélie, and other pieces from the Bonaparte family collections
. The Louvre reopened Oct. 22, but the Apollo Gallery remains closed
. Experts have called this the most serious theft in the Louvre's history
.


A Kaveri Travels bus traveling from Hyderabad to Bengaluru caught fire near Chinnatekuru village in Kurnool district, Andhra Pradesh, on Oct. 24 around 3:00-3:30 a.m., killing at least 20 people and injuring numerous others . The bus was carrying approximately 40-44 passengers when it collided with a motorcycle on National Highway 44
.
The motorcycle became lodged underneath the bus, rupturing its fuel tank and causing an explosion that ignited the fire . The flames spread rapidly through the air-conditioned vehicle while most passengers were asleep
. The bus doors jammed due to a short circuit or severed wires, trapping passengers inside
. Between 12 and 21 passengers escaped by breaking window panes and using emergency exits, sustaining injuries ranging from minor to severe
.
Heavy rainfall at the time hampered rescue operations . The bus driver and helper fled the scene, though reports vary on whether they were taken into custody
. Local residents assisted before fire tenders arrived
. The injured were transported to Kurnool Government Hospital
.
Andhra Pradesh Chief Minister N. Chandrababu Naidu, who was in Dubai or the UAE, expressed shock and directed officials to provide medical assistance . President Droupadi Murmu also expressed condolences, stating, "I extend my heartfelt condolences to the bereaved family members and pray for the speedy recovery of those injured"
. Police registered a case and are collecting DNA samples from charred remains
. DIG Koya Praveen noted the absence of adequate fire safety features in the bus
. This incident follows a similar tragedy on Oct. 14, 2025, when 22 people died in a bus fire in Rajasthan
.


Politics / International
Ukrainian President Volodymyr Zelenskyy announced Oct. 23 that Ukraine is in active negotiations with European countries to acquire long-range Tomahawk cruise missiles, following U.S. President Donald Trump's decision to withhold the weapons . Speaking at the European Council summit in Brussels, Zelenskyy emphasized that Tomahawk missiles—capable of striking targets up to 2,500 kilometers away—are not exclusive to the United States, noting that several European nations, including the United Kingdom and the Netherlands, already possess them
.
Zelenskyy argued that deploying such weapons would force Russian President Vladimir Putin to "feel the real consequences of the war" and could "truly change the course of the war," citing Putin's visible nervousness when the topic arises as evidence of their strategic importance . He told EU leaders, "I urgently ask you to support anything that helps Ukraine acquire these capabilities—because it makes a big difference to Russia"
. The Tomahawk would represent the most powerful long-range strike capability Ukraine has received from its allies to date, surpassing previous deliveries such as British Storm Shadow, U.S. ATACMS, and French SCALP missiles
.
The Ukrainian leader also urged EU members to expedite approval of a €140 billion loan funded by frozen Russian assets, stating the funds would strengthen Ukraine's air defense, frontline positions, and enable purchases of European-made weapons . "I ask you to decide as quickly as possible. Russian assets should be fully used for defense against Russian aggression," Zelenskyy stated
. He emphasized that using these funds to buy European defense systems would benefit the EU economically
.
The EU announced it would agree in principle to finance Ukraine for the next two years, with EU Council chief António Costa stating a political decision would be made by Oct. 23, though technical details would follow . However, Belgium—holding €185 billion of the €200 billion in frozen Russian assets via Euroclear—threatened to block the plan unless three conditions are met: shared financial risk for potential legal action by Russia, transparency in the legal basis, and inclusion of frozen assets held by other countries
. Belgian Prime Minister Bart De Wever demanded these guarantees before proceeding
.
EU leaders also adopted a 19th sanctions package against Russia, which Zelenskyy described as "a very important decision" . The package includes a ban on Russian liquefied natural gas starting January 2027 and measures targeting the shadow tanker fleet and two Chinese refineries
. Internal EU debate continues over how the loan should be used, with some members wanting all funds for military spending on European weapons, while others support flexibility for U.S. arms and general budget use
.
Trump had previously indicated he had "practically decided" on Tomahawk delivery but later stated he would not proceed, citing concerns over Ukraine's intended use and the need to avoid escalation . Trump also claimed to have discussed the issue with Putin, who reportedly demanded Ukraine cede full control of Donetsk Oblast as a condition for ending the war—a demand Zelenskyy rejected as unacceptable
. U.S. Vice President JD Vance confirmed Oct. 19 that Trump had not yet made a final decision
. Former President Trump also emphasized that training to operate Tomahawk missiles would take at least a year and that only the U.S. currently possesses the capability
. Russia has denounced the frozen assets plan as illegal and warned of retaliation
.


Politics
Argentine President Javier Milei appointed Pablo Quirno, the Secretary of Finance, as the new Minister of Foreign Affairs on Oct. 23, replacing Gerardo Werthein, who will step down Oct. 27 . However, the appointment has sparked immediate controversy: Quirno has not submitted his legally required 2024 sworn declaration of assets, despite the July 31 deadline, according to investigative reporting by Perfil.com and confirmation from Argentina's Anti-Corruption Office
.
Quirno, who serves as Secretary of Finance and is the key operative for Economy Minister Luis Caputo in managing Argentina's domestic and foreign debt, previously declared a net worth of 160 million pesos (approximately $440,000) in December 2023—a figure considered low for a former global investment banker . At that time, he reported properties and deposits primarily abroad, with no declared financial investments
. Since then, he has not updated his declaration
. His failure to comply with transparency requirements has reignited concerns about accountability and financial oversight in Argentina's most sensitive government role, particularly amid ongoing economic and political tensions
.
Quirno, a University of Pennsylvania economics graduate and former JP Morgan Latin America Director, has been a key member of Caputo's economic team and played a central role in securing the recent financial support agreement with U.S. Treasury Secretary Scott Bessent . The official presidential statement described Quirno as a "key member of the economic team that prevented the greatest crisis in the country's history" and a "fundamental part of building the Argentine miracle"
.
The appointment aims to strengthen ties between the Ministry of Foreign Affairs and the Ministry of Economy, advancing Milei's pro-market agenda and Argentina's reintegration into Western markets . Quirno will focus on opening Argentina to global markets through trade agreements, including a bilateral agreement allowing 150 Argentine products to enter the U.S. market with zero or below-10% tariffs
. He must also maintain strong trade ties with China, Argentina's second-largest trading partner since August
.
Quirno becomes Milei's third foreign minister in less than two years, following the dismissal of Diana Mondino in October 2024 and Werthein's brief tenure . Werthein's resignation followed clashes with presidential advisor Santiago Caputo over U.S. relations and dissatisfaction after Milei's Oct. 14 meeting with President Trump, during which Trump warned that U.S. support depends on Milei's electoral success
.
The move consolidates power for Santiago Caputo, who reportedly drove Quirno's appointment and now exerts influence over key government entities including intelligence, privatization, YPF communications, justice, and parts of health . Quirno, a trusted figure of both Luis Caputo and Santiago Caputo, has close ties to the libertarian youth group Las Fuerzas del Cielo and frequently participates in Carajo Stream, an officialist streaming channel linked to Santiago Caputo
.
The appointment comes days before pivotal Oct. 26 legislative elections and amid Argentina's ongoing currency crisis, with over $1 billion spent defending the peso in recent weeks—a strategy deemed unsustainable by most economists . Analysts note that Quirno's leadership may strengthen coordination between Argentina's Ministry of Foreign Affairs and Ministry of Economy, shifting focus from cultural or ideological diplomacy to macroeconomic and financial cooperation
. His appointment has generated positive expectations in Washington, particularly regarding the future of Argentina's diplomatic and economic relationship with the United States
.


International
A catastrophic explosion at a military explosives factory in Kopeisk, Chelyabinsk region, Russia, killed at least 12 people with 10 others missing as of Oct. 23, 2025, according to regional Governor Alexei Teksler . The blast occurred on the evening of Oct. 22 at the Plastmass plant, which produces explosives for the Russian Armed Forces, triggering a massive fire that was brought under control by Thursday morning
. Five people were hospitalized with serious injuries, including two in critical condition at a specialized burn center
. Social media footage showed a large fireball erupting into the night sky, scattering glowing embers across the area
.
Governor Teksler explicitly ruled out a drone attack as the cause of the explosion, though a criminal investigation has been launched to determine the circumstances . The governor declared a day of mourning for the region, and emergency services remained on-site conducting search and rescue operations
. Kopeisk, with a population of approximately 150,000, is located about 1,600 km from Ukraine and hosts numerous industrial facilities
. The incident occurred amid ongoing Ukrainian drone strikes targeting Russian industrial sites since Russia's large-scale invasion of Ukraine in February 2022
.
Separately, on Oct. 23, Ukrainian drone attacks on Belgorod Oblast injured at least 12 civilians, including a 17-year-old minor, according to Governor Vyacheslav Gladkov . In the village of Streletske, Belgorodsky District, two drones struck a commercial facility, injuring four men and two women with shrapnel wounds to their limbs and abdomen
. All six victims were transported to Belgorod City Hospital No. 2 by emergency medical services
. In Belgorod city, a drone attack on a bus stop injured six people, including the 17-year-old, who suffered barotrauma and a shrapnel wound to the leg
. Five women sustained shrapnel wounds to the head and legs
. All injured civilians received necessary medical assistance
.
The attacks caused extensive damage to civilian infrastructure, including private homes, apartment buildings, a social center, an administrative building, and vehicles . In Streletske, a non-operational private home caught fire after a drone strike but was extinguished by emergency crews . The Russian Ministry of Defense reported destroying 32 additional Ukrainian drones over Russian regions on the morning of Oct. 23, bringing the total to 171 drones intercepted over a 24-hour period
. Ukrainian forces also targeted the Ryazan Oil Refinery, causing a fire at the industrial facility, though Governor Pavel Malkov confirmed no casualties and stated that material damage was being assessed
.


Business / Technology / Finance
Intel reported third-quarter 2025 revenue of $13.7 billion, a 3% year-over-year increase and the first positive growth in 18 months, surpassing analyst expectations of $13.13 billion . The company posted a net profit of $4.1 billion, reversing a $16.6 billion loss from the same quarter in 2024 and marking its first quarterly profit since late 2023 after 18 consecutive months of losses—the longest losing streak in over 35 years
. Adjusted earnings per share reached $0.23, significantly exceeding the consensus estimate of $0.01
. Intel's adjusted gross margin climbed to 40%, the highest since Q1 2024, beating the expected 35.7%
.
The turnaround was driven by aggressive cost-cutting measures under CEO Lip-Bu Tan, who eliminated over 15,000 jobs and scaled back predecessor Pat Gelsinger's costly foundry expansion plans that led to Intel's first annual loss since 1986 in 2024 . Tan, who assumed leadership in March 2025, reaffirmed a $10 billion cost-reduction target by 2026
.
Critical to the recovery were major capital injections: an $8.9 billion investment from the U.S. government under the CHIPS Act, granting it a 10% stake, with $5.7 billion reflected in Q3 results ; a $5 billion equity investment from Nvidia for approximately 4% ownership, tied to a strategic partnership integrating Intel CPUs with Nvidia GPUs
; and a $2 billion investment from SoftBank
. The U.S. government's stake was finalized after a hastily arranged Washington meeting prompted by concerns over Tan's ties to China
.
Client computing revenue reached $8.5 billion, up 5% year-over-year, with management citing demand outpacing supply—a trend expected to continue into 2026 . Data center CPU sales declined 1% to $4.1 billion, though Intel anticipates recovery through its Nvidia partnership
. The foundry unit generated $4.2 billion in Q3 sales, all internal with no external clients yet, but Intel confirmed it began producing its most advanced 18A process chips at its Arizona facility during the quarter, with Panther Lake processors expected to launch in January 2026
.
For Q4, Intel forecasted revenue between $12.8 billion and $13.8 billion, slightly below the $13.37 billion analyst consensus, partly due to the September sale of 51% of its Altera subsidiary, which removed $400 million to $500 million in expected revenue . Despite the cautious outlook, CFO David Zinsner described the results as "stronger than expected," noting 12 consecutive quarters of improvement
. Intel's stock surged approximately 7% in after-hours trading and has rallied nearly 90% year-to-date through October 2025
.


Politics / International / Economy
European Union leaders formally postponed until Dec. 18-19 a final decision on using approximately €140 billion ($162-163 billion) in frozen Russian central bank assets to fund a reparations loan for Ukraine, following a summit in Brussels Oct. 23-24 . The delay came after Belgium, which hosts roughly €180-200 billion of the frozen assets through the Euroclear depositary in Brussels, demanded stronger legal guarantees and risk-sharing mechanisms to protect itself from potential Russian retaliation
.
Belgian Prime Minister Bart De Wever insisted that all EU member states share liability for potential consequences, including Russian lawsuits, seizure of European assets in Russia, and confiscation of Western companies operating in Russia . De Wever also demanded that other countries holding frozen Russian assets contribute to the support mechanism and that the EU provide transparent legal foundations before Belgium would agree to the proposal
. He warned that Belgium could face massive compensation claims—potentially equivalent to its entire annual federal budget—if Russia pursues legal action or if sanctions are lifted in a future peace deal
.
The final summit conclusions directed the European Commission to present various financing options based on Ukraine's assessed needs at the next European Council meeting scheduled for Dec. 18-19, 2025 . EU Commission President Ursula von der Leyen acknowledged the complexity of the issue, stating that "many questions remain to be clarified" and that multiple options are being explored
. European Council President Antonio Costa affirmed that the EU remains committed to covering Ukraine's financial needs for the next two years and expects a final decision at the December summit
.
The proposed mechanism would involve the EU borrowing against matured funds from the frozen assets held at Euroclear to provide Ukraine with a zero-interest loan, with repayment contingent on Russia paying war reparations . This structure aims to avoid classification as "confiscation" under international law
. Ukrainian President Volodymyr Zelenskyy urged swift action, stating that Ukraine needs the funds by early 2026 and welcomed the political backing as an important step, though he acknowledged that timing depends on broader political and institutional decisions
.
The International Monetary Fund estimates Ukraine's fiscal needs for 2026-2027 at approximately $60 billion (€52 billion), with an additional €80 billion required for weapons and ammunition . Russia has dismissed the proposal as illegal seizure of property and warned of "painful" retaliation
. The EU also announced its 19th sanctions package since 2022, including a complete ban on Russian liquefied natural gas (LNG) imports by end-2026 and measures targeting Russia's "ghost fleet" of tankers
. Meanwhile, the United States imposed sanctions on Russia's two largest oil companies, Rosneft and Lukoil, marking the first time such measures were taken against Russia's oil sector, though President Donald Trump dismissed the sanctions as ineffective, predicting they would have little impact in six months
.


Entertainment / Culture
Dave Ball, the 66-year-old co-founder and keyboardist of the pioneering British synth-pop duo Soft Cell, died peacefully in his sleep at his London home Oct. 22 . His bandmate Marc Almond, 68, confirmed the passing, describing Ball as a "wonderfully brilliant musical genius"
. Ball had been in declining health for years, yet remained creatively active until the end, completing Soft Cell's final studio album, Danceteria, just days before his death
. The album, named after the legendary New York nightclub the duo frequented during their peak, is set for release in spring 2026
.
Ball's last performance was at the Rewind Festival in Henley-on-Thames in August 2025, where Soft Cell headlined to over 20,000 fans . Almond noted that Ball was "elated and given an enormous boost" by the performance, despite performing in a wheelchair due to his declining health
. Almond expressed deep sorrow that Ball would not live to celebrate their 50th anniversary together in 2026
.
Soft Cell, formed in 1979 when Ball and Almond met at the University of Leeds, revolutionized the synth-pop genre with their 1981 debut album Non-Stop Erotic Cabaret . Their iconic cover of "Tainted Love" became the best-selling single of 1981 in the UK, reached number one in 17 countries, and peaked at No. 8 on the Billboard Hot 100 in 1982
. The duo achieved 12 top 40 hits in the UK during the 1980s and influenced artists including David Bowie and Nine Inch Nails
.
Beyond Soft Cell, Ball co-founded the acid house group The Grid in 1988 with Richard Norris, known for the 1994 hit "Swamp Thing" . He also worked as a producer and songwriter with artists such as Kylie Minogue and Pet Shop Boys
. Ball is survived by his four children
. Almond emphasized that Ball's music will endure, stating, "At any given moment, someone somewhere in the world will be getting pleasure from a Soft Cell song"
.


Politics / International
U.S. President Donald Trump and Chinese President Xi Jinping will both make state visits to South Korea during the Asia-Pacific Economic Cooperation (APEC) summit in Gyeongju, marking a significant diplomatic moment as the two leaders visit the same country within days of each other . Trump will arrive Oct. 29 for a one-night, two-day visit, while Xi will arrive Nov. 1, the final day of the APEC summit
. South Korean President Lee Jae-myung will hold a summit with Trump on the afternoon of Oct. 29, followed by a summit with Xi on Nov. 1, immediately after Lee hands over the APEC chairmanship to China
. The meetings will take place in Gyeongju or surrounding areas, potentially utilizing APEC facilities such as museums and auxiliary buildings, though exact locations have not been disclosed
.
Ahead of the Trump-Xi meeting on Oct. 30, high-level ministerial talks between the U.S. and China are scheduled for Oct. 25-26 in Malaysia to address escalating tensions over export controls, rare earth restrictions, and tariffs . U.S. Treasury Secretary Bessent and USTR representative Jamison Greer will represent the U.S., while China will be represented by Vice Premier He Lifeng
. The talks come after China expanded export controls on rare-earth minerals, a move seen as retaliation against U.S. economic policies
. Trump has identified the fentanyl crisis as his "top priority" for the summit with Xi, citing U.S. accusations that China fails to stop the flow of precursor chemicals used in fentanyl production
. The U.S. has imposed a 20% additional tariff on China citing inadequate control over fentanyl precursor trafficking, and a breakthrough in fentanyl control cooperation could ease tensions
. Trump recently adopted a more optimistic tone, stating, "I think we're going to come out very well, and everyone's going to be very happy"
.
The U.S.-South Korea summit will focus on finalizing a $350 billion investment package, but significant disagreements remain over cash prepayment requirements, investment allocation, and profit distribution . Despite progress in follow-up talks in Washington, D.C., the South Korean negotiation team returned to South Korea on Oct. 24 without a resolution
. South Korea has indicated a maximum feasible investment of around $100 billion in direct investment, with the remainder to be funded through loans and funds, and insists on maintaining control over investment selection and profit sharing
. The U.S. initially demanded full direct investment, while South Korea has advocated for a phased payment structure
. South Korean Presidential Secretary for Policy Kim Yong-beom stated that with APEC approaching and no additional face-to-face negotiations possible, achieving a resolution at APEC is "a long way off," describing the current impasse as typical of high-stakes negotiations
. President Lee emphasized that resolving the differences will require "considerable time and effort," cautioning against rushing to finalize a written agreement due to concerns about long-term economic constraints
.
Trump's Asia tour includes stops in Malaysia and Japan, where he will meet with Prime Minister Anwar Ibrahim and Japan's new Prime Minister Sanae Takaichi . Preparations are also underway for a potential summit between Lee and Japan's Prime Minister during the APEC gathering, though no date has been finalized
. While speculation has emerged about a potential meeting between Trump and North Korean leader Kim Jong-un during the APEC event, South Korean National Security Advisor Wi Sung-lac stated there are "no new developments" from the North Korea-U.S. side
. The White House spokesperson confirmed that the Taiwan issue is likely to be discussed during the Trump-Xi bilateral meeting, as part of efforts to resolve ongoing trade tensions
. Beijing has reportedly demanded a formal U.S. statement opposing Taiwan independence, and any U.S. concession would be seen as a significant diplomatic victory for China
.


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