Bulgarian Prime Minister Rumen Radev publicly backed the US-Russia diesel oil deal, saying any measure that lowers fuel prices and preserves Europe's competitiveness is welcome, a stance at odds with many EU leaders. Speaking at the two-day Brussels summit, Radev said high fuel prices are Europe's main problem and opposed attacks on energy facilities. EU foreign policy chief Kaja Kallas repeated Zelensky's description of the deal as a "gift" to Putin. Radev's position reflects a shift in Bulgarian policy after the April election, with the new government pursuing a peace-focused agenda and revising some policies toward Ukraine, including arms supplies. Analysts believe Bulgaria is unlikely to go so far as to jeopardise EU funding, which is important for its economy.
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Original headline: Không phải Hungary hay Slovakia, một nước thành viên ngược dòng EU, ủng hộ thỏa thuận dầu Nga-Mỹ, hỏi ngược lãnh đạo khối: “Các vị biết vấn đề của châu Âu hiện nay là gì không?”
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Hungarian Prime Minister Peter Magyar expects U.S. President Donald Trump to keep extending Budapest's exemption from U.S. sanctions on Russian energy, after Trump eased curbs on Russian diesel exports to lower fuel prices before the Nov. 3 midterm elections. The deal drew criticism in the EU, with Italian PM Giorgia Meloni calling it a ‘very risky’ gamble, while Bulgarian PM Rumen Radev backed it. Moscow pledged 300,000 tons of diesel immediately and another 500,000 tons next month. Hungary, which relies on Russia for about 90% of its crude oil according to S&P Global data for 2025, is exempt until November, and Magyar argued that not extending the exemption for at least another year would be unreasonable. Ukraine opposed the deal, with President Zelensky calling it ‘weak’.
- PM draws a line: EU budget must serve Hungary, not punish it
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The IMF projects that India will become the world's fourth-largest economy in 2027, overtaking Japan, and endorsed India's revised GDP methodology as consistent with international best practice. Krishna Srinivasan, director of the IMF's Asia and Pacific Department, called the revision a welcome development and praised the Ministry of Statistics and Programme Implementation (MoSPI), while noting there is still room for improvement. The endorsement comes amid a row over the 7.8% growth in the June quarter, which former finance secretary S C Garg questioned, alleging the previous year's figures were compressed; Chief Economic Adviser V Anantha Nageswaran rejected this as cherry-picking. The IMF raised its 2026 growth forecast for India to 7%, while Japan is projected to grow just 0.7% amid energy costs, inflation and an ageing population, and will slip behind India and the UK in 2027.
- Unprecedented Eximbank Board: 6 of 7 Members Foreign Nationals, CEO Who Once Chaired the Board Returns as Non-Independent Member
Eximbank (EIB) has a board of directors rarely seen among Vietnamese commercial banks, with 6 of its 7 members being foreign nationals. At the October 14 extraordinary general meeting, shareholders elected General Director Pham Thi Huyen Trang to the board for the 2025–2030 term as a non-independent member. Trang became board chairwoman on December 4, 2025, was removed from her independent seat on July 24, 2026, and took over as General Director on August 1, 2026, replacing Tran Tan Loc. Responding to a shareholder's concern about cultural differences, Chairman Nguyen Le Quoc Anh said all board members have at least 25 years of banking experience and the board will focus on strategy and organizational culture. The meeting also approved increasing the board from 7 to 8 members.
- Is UPS parcel pivot a strategic winner or a ‘Trojan horse’?
UPS management has said for 18 months that it will shed unprofitable e-commerce volume to focus on premium services in B2B, healthcare, automotive and small business, prompting worries that it will exit final-mile delivery. Industry consultant Satish Jindel of ShipMatrix argues this is a ‘Trojan horse’ meant to mislead competitors and the Teamsters, and predicts UPS would welcome a 2028 strike to reset its cost structure. UPS has eliminated 150 sort centers and 30,000 positions and plans to invest more than $8 billion over four years to automate facilities, which Jindel says contradicts an exit from doorstep delivery. Richard Metzler, an industry veteran, says UPS remains a parcel carrier and will struggle to replace parcel revenue with logistics as Amazon targets the same segments. UPS also named Matt Guffey chief U.S. domestic officer over all parcel units, including Roadie, The UPS Stores and Happy Returns.
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