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Delayed 15 min · 06:45 GMT

FLASH

Moderna lifts 2026 growth outlook to 15–25% after 29% Q3 jump Panama’s $8.5B Bet: The Canal That Wants to Be More Than a Canal Microsoft reportedly winds down Oracle AI-computing deal; Oracle falls 4% Up 1,500, down 1,800: Wall Street’s wildest week since the 2025 tariff crash Fox closes $22B Roku takeover months ahead of schedule Nikkei, Kospi plunge 6% as AI crash spreads to Asia Nasdaq crashes 5.5% as $2.5 trillion vanishes in AI rout Europe’s Stoxx 600 hits record as money rotates out of AI Toyota soars 16.7%, raises profit forecast 15% on hybrids, weak yen Europe’s defence darling, Rheinmetall, plunges 16% after second sales cut in three months

Moderna lifts 2026 growth outlook to 15–25% after 29% Q3 jump Panama’s $8.5B Bet: The Canal That Wants to Be More Than a Canal Microsoft reportedly winds down Oracle AI-computing deal; Oracle falls 4% Up 1,500, down 1,800: Wall Street’s wildest week since the 2025 tariff crash Fox closes $22B Roku takeover months ahead of schedule Nikkei, Kospi plunge 6% as AI crash spreads to Asia Nasdaq crashes 5.5% as $2.5 trillion vanishes in AI rout Europe’s Stoxx 600 hits record as money rotates out of AI Toyota soars 16.7%, raises profit forecast 15% on hybrids, weak yen Europe’s defence darling, Rheinmetall, plunges 16% after second sales cut in three months

Intelligence

Saudi Q3 deficit hits $22.4B as oil revenue drops 23%

Saudi Arabia’s nine-month deficit has already overshot its full-year budget, as the Iran war disrupts oil exports. This week’s oil slide adds more pressure.

Country Report | 6 November 2026

Saudi Q3 deficit hits $22.4B as oil revenue drops 23%

Saudi Arabia has blown through its full-year deficit budget with a quarter still to go.

Q3 alone produced a SR84.3 billion ($22.4 billion) deficit as oil revenue fell 23%. That takes the nine-month gap to SR244.3 billion, against SR165.4 billion planned for all of 2026. The nine-month deficit of SR244.3 billion is well above the SR165.4 billion planned for the whole of 2026. Saudi Arabia has covered the gap by borrowing, with external debt at SAR 638bn ($170bn) at end-Q3.

The government expects real GDP to shrink 3.6% in 2026, then rebound 12.8% in 2027.

The kingdom is borrowing to fill the hole, with external debt now around $170 billion. Economists had expected oil revenue to bounce back in Q4 with Brent near $105. This week, Brent fell to about $94.