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Marco Rubio to visit Indian billionaire Ambani's refinery in Gujarat as U.S. diesel prices surge
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Trump says he won't use nuclear weapons or send ground troops to Iran
Trump said he would not use nuclear weapons against Iran or send ground troops as the U.S. reportedly weighs new strike options.

Bank shares drop as John Healey prepares to raise taxes on the banking sector in the budget – business live
Rolling coverage of the latest economic and financial news John Healey poised to raise taxes on banks in budget Elsewhere in the markets today, South Korea’s Kospi share index has recorded its biggest weekly loss since October 2008, down 14.5% this week. Although the Kospi did rise today (+2%), it was still a bad week for technology stocks – as investors worried about the borrowing, spending commitments and future profitability of AI companies. The reality is that while companies embraced AI aggressively as it first emerged, now they are figuring out how to use it effectively while keeping AI costs under control. A slowing, more careful, path towards corporate adoption has been missed by the market which remained wildly frothy about valuations. “A UK bank tax risk is now a base case. If it is confirmed on 28 October, it’ll be the size and timing that will be key. If Healey does go ahead,

Banks say Healey planning to increase tax on their profits in Budget
Senior banking executives have told the BBC they expect to be "on the menu" in the chancellor's Budget tax later this month.
Fed's Warsh withholds rate signal, praises recent global tightening with 'no free riders'
Warsh refrained from signaling another interest rate hike this month, pointed to a "synchronous tightening" by central banks in the fight against inflation.

From Dallaglio’s medals to Cantona’s shorts, sporting memorabilia is big business | Emma John
Like transfer fees and ticket prices, mementoes are one more marker of sport’s rampant self-inflation The auctioneer cradled his gavel in his palm like a pipe, the handle pointing towards him. It gave his patter the air of a Victorian gentleman holding forth by the mantelpiece in a period drama. “Are you bidding, Wilf? You’re waving at me.” Under the hammer was a Barclays Manager of the Month trophy, complete with travel case, but no indication of which Premier League luminary once owned it. It outstripped its estimate and sold for £700. An hour and a half into what Budds auction house dubbed its “Octoberfest” of sporting memorabilia, David Convery at the podium showed no sign of fatigue, save the occasional swig from a water bottle. There were 332 lots in total; Convery regularly manages sales with twice as many. In his three decades as an auctioneer he’s even secured some world-record
What to know about Starshield, SpaceX's military-focused Starlink service
Elon Musk distinguished Starshield from Starlink, which he said could not be used for offensive military operations.