THE MOAT

The business of the world.

THE MOAT Daily with the world's top business stories. Subscribe

THE MOAT as it stood at 16 October 2026, 22:48 Brussels time · Archive · Today’s page

US Posts $1.99 Trillion Budget Gap for 2026 on Spending Rise

Yash Roy / Bloomberg /

Also: The New York Times U.S. Budget Deficit Nears $2 Trillion, a Reality Check for Trump’s Cost Cutting, MarketWatch The U.S. budget deficit just hit almost $2 trillion — and Washington isn’t doing much about it

In other languages: Valor Econômico Déficit fiscal dos EUA chega a cerca de US$ 2 tri em 2026, o maior em 5 anos (pt), Jornal de Negócios Défice público dos EUA dispara 12% e atinge dois biliões de dólares. É 6,25% do PIB (pt)

  1. Starlink access still not fully restored for Ukraine’s military, says Zelenskyy

    Jennifer Rankin and Andrew Rothin Kyiv / The Guardian /

    Also: Kyiv Post Europe Has No Starlink Replacement as Ukraine Faces Satellite Disruptions, El País Ukraine needs Starlink satellites to fight the war, but the Pentagon holds the reins, Ukraine: The Latest ‘Salvation’ as Musk’s Starlink restored to Ukrainian troops | Russia-Ukraine latest war news updates

    In other languages: Valor Econômico Trump diz que nem ele nem Musk são responsáveis por perda de acesso da Ucrânia a Starlink (pt)

  2. France and Germany seal EU car deal

    Financial Times /

    Also: Le Monde France, Germany reach deal on future of car industry, The Wall Street Journal France and Germany Reach Deal to Protect Europe’s Car Industry, Bloomberg Germany, France Push to Scrap Climate Neutrality Goal for Cars · see all

    In other languages: POLITICO Europe Merz und Macron bestätigen Einigung zum Verbrenner-Aus und „Made in Europe“ (de), Valor Econômico França e Alemanha chegam a acordo sobre emissões de CO2 de veículos e status do Reino Unido (pt), El País Francia y Alemania presionan para permitir la venta de coches de combustión en la UE después de 2035 (es), Le Temps Paris et Berlin sacrifient une partie de leurs ambitions climatiques pour protéger l’industrie automobile (fr), Handelsblatt Automobilindustrie: Deutschland und Frankreich legen Auto-Vorschläge vor (de), Frankfurter Allgemeine Einigung mit Frankreich: Das Aus des Verbrenner-Aus hat einen zu hohen Preis (de), Le Figaro Accord avec la France sur l’automobile européenne : l’Allemagne se satisfait de cette «bonne nouvelle» pour sa compétitivité et sa prospérité (fr), Der Standard Deutschland und Frankreich vor Einigung bei Verbrenner-Aus (de), Süddeutsche Zeitung Automobilindustrie: Deutschland und Frankreich legen Auto-Vorschläge vor (de), Expansión Ofensiva francoalemana para rebajar los límites a la venta de coches de combustión (es) · see all

  3. A Giant Data Center Offers a Permitting Reform Test Case

    Jael Holzman / Heatmap /

    Also: Latitude Media How permitting reform could boost VPPs

  4. Brazilian Amazon deforestation falls to lowest on record as pivotal vote looms

    Jonathan Watts / The Guardian /

    In other languages: Valor Econômico Desmatamento na Amazônia é o menor desde 1998, informa Ministério do Meio Ambiente (pt)

  5. Ukraine's data centre strikes expose the cost of Russia's sovereign internet, Carnegie says

    Ben Aris / bne IntelliNews /

    Also: Kyiv Post Gerasimov Tells Putin Russian Forces Are Targeting Ukraine’s Bridges, Railways, and Data Centers

  6. EU summit ends without budget deal as Ukraine seeks €40bn for 2027 defence

    Ben Aris / bne IntelliNews /

    Also: POLITICO Europe EU leaders clash over migration, Ukraine and budget in Brussels — but delay big decisions

  7. Zelenskyy warns 20M Ukrainians could flee to Europe if Russia wins war

    Sebastian Starcevic / POLITICO Europe /

    Also: Kyiv Post Millions of Ukrainians Could Flee Again This Winter: UN

    In other languages: NRC Zelensky drukt zijn Europese vrienden aan de borst. ‘Als wij vallen, zullen twintig miljoen Oekraïners naar Europa komen’ (nl)

  8. Turkey’s Fast-Growing Corporate Bond Market Grapples With Funds Crisis Fallout

    Inci Ozbek / Bloomberg /

    Also: Le Monde Conditions for EU bank intervention 'not met' in French government bond yields surge, Bank of France head says, The New York Times Why Bad News in the Bond Market May Be Good News for Investors

    In other languages: Handelsblatt Anleihen: Letzte Rettung EZB: Mit umstrittenen Mitteln gegen eine neue Euro-Krise (de), Diario Financiero China gana terreno frente a EEUU en la economía global ante la creciente preocupación por los rendimientos de los bonos (es), Le Figaro Dette : «les conditions ne sont pas réunies» pour une intervention de la BCE, selon le gouverneur de la Banque de France (fr), Expansión Los rendimientos del fondo de dotación de Harvard aumentan impulsados por las inversiones en IA y SpaceX (es) · see all

  9. Taiwan to Curb AI Chip Exports to China as Part of US Trade Deal

    Tom Giles / Bloomberg /

    Also: MercoPress The Falklands dispute threatens Argentina’s bid to join the trans-Pacific trade pact, The Wall Street Journal China Proposes Export Controls on AI Technologies, Financial Times China unveils draft export controls on AI technologies and chips, The National China targets AI technology exports with new controls as US trade truce frays, Semafor Taipei restricts China chip sales to appease the US · see all

    In other languages: Le Grand Continent Pékin prépare un contrôle inédit sur l’exportation de ses modèles d’IA (fr), Asahi Shimbun 中国、AI技術の輸出規制強化 覇権争いや悪用リスク背景に流出阻止 (ja), Dagens industri Taiwan ska skärpa exportkontrollen av AI-chip (sv)

  10. Ukraine Hurries to Build Defenses Against Russia’s Jet-Powered Drones

    Alistair MacDonald / The Wall Street Journal /

  11. Warsh Vows Price Stability as A.I. Delivers ‘Shock’ to Economy

    Patricia Cohen / The New York Times /

    Also: Bloomberg Energy Shock Filtering Through US Economy Complicates Fed’s Job, Euronews Fed’s Warsh sees AI boosting productivity but gives no signal on next rate hike

    In other languages: Le Figaro Essor de l’IA : «Le changement le plus déterminant» pour l'économie mondiale actuelle pour le patron de la Fed (fr), Le Temps Le patron de la Fed voit dans l'IA le «changement le plus déterminant» de sa vie pour l'économie mondiale (fr), Jornal de Negócios Presidente da Fed diz que IA vai mudar "fundamentalmente" o trabalho dos bancos centrais (pt), Handelsblatt US-Notenbank: Fed-Chef Warsh preist „enorme Investitionswelle“ bei KI und gibt Investoren neue Zuversicht (de), Diario Financiero Aumentan las apuestas a que la Fed mantendrá las tasas en octubre tras comentarios de Warsh (es) · see all

  12. Tariffs pose a risk to US-India relationship

    Morgan Chalfant / Semafor /

  13. Ukraine, Hungary Agree to ‘Reset’ Ties, Péter Magyar Says

    Kyiv Post /

    Also: bne IntelliNews Ukraine, Hungary reset ties as Kyiv eyes last EU accession clusters by year-end

  14. Indonesian stocks plunge 11% as MSCI proposes emerging market downgrade

    Euronews /

    Also: Bloomberg Why Indonesia Risks Being Removed From MSCI’s Global Indexes, Financial Times MSCI warns it may cut Indonesia from main indices, The New York Times Indonesian Stocks Plunge as MSCI Threatens to Drop Market from Indexes, The Wall Street Journal Indonesian Stocks Dive as MSCI Weighs Downgrade to Standalone Market · see all

    In other languages: Jornal de Negócios Bolsa da Indonésia teve a pior queda em 28 anos. Despromoção da MSCI explica tombo (pt), Expansión MSCI excluye a Indonesia de sus índices y desata un desplome del 11% (es), Cinco Días La Bolsa de Indonesia se desploma más del 10% ante el riesgo de exclusión del proveedor de índices MSCI (es), The Korea Economic Daily (Hankyung) 세계 누비는 美 헬기가 '한국산'…글로벌 방산社 직거래 뚫은 韓 중소기업 (ko), Handelsblatt Südostasien: MSCI droht Indonesien mit Index-Rauswurf – Börse verliert heftig (de) · see all

  15. Could an Anthropic IPO put your 401(k) at risk? The AI safety debate hits a new dimension.

    Christine Ji / MarketWatch /

    In other languages: Cinco Días Anthropic, con el rating de ‘bono basura’ más alto a las puertas de la salida a Bolsa (es)

  16. FAA equity talks raise questions about the agency's legal authority

    Eleanor Mueller / Semafor /

  17. Attacks on Ukraine’s power plants show Russia has given up on military victory

    Andrew Roth / The Guardian /

  18. Can Lufthansa’s TAP takeover challenge Air France-KLM in Africa?

    Salimata Koné / The Africa Report /

    In other languages: Jornal de Negócios MNE alemão diz que compra da TAP pela Lufthansa vai fortalecer a Europa como localização (pt)

  19. Fuel-price surge turbocharges global EV sales and spells end for diesel in Europe

    Financial Times /

  20. The Trump Administration Is Still Messing with Offshore Wind Farms

    Jael Holzman / Heatmap /

  21. IRGC’s terror network across Europe exposed

    The Telegraph /

  22. Ukraine Launches Pilot Project to Deliver Medical Supplies and Donor Organs Through Drones

    Kyiv Post /

  23. Houthi strikes expose Saudi Arabia's vulnerabilities

    Mohammed Sergie / Semafor /

    In other languages: Valor Econômico Com apoio do Irã, houthis ampliam ataques e expõem vulnerabilidades da Arábia Saudita (pt)

  24. White House lists investment over $330 billion in US from India

    The Economic Times /

Earlier today

  1. EU leaders’ summit descends into 3-hour argument over taxing car emissions

    Ben Makuch / POLITICO Europe /

  2. Anthropic Stands Alone as Rest of US IPO Market Slows to a Crawl

    Anthony Hughes and Bailey Lipschultz / Bloomberg /

  3. FirstFT: Healey signals tax raid on banks in UK Budget

    Financial Times /

  4. Ukraine Strikes Russian Refinery After Moscow Breaks Trump’s Energy Ceasefire

    Anastasiia Malenko / The Wall Street Journal /

  5. Unicredit cleared by ECB to take control of Commerzbank

    Euronews /