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  U.S. stocks stalled on Thursday as investors weighed a sharp rise in oil prices against a wave of fresh corporate earnings. Futures tied to the Dow Jones Industrial Average and the S&P 500 hovered near the flat line, while the Nasdaq 100 also showed little movement. Energy markets took center stage after oil futures jumped more than 5% following new U.S. sanctions on Russian producers, pushing Brent crude toward $66 a barrel and West Texas Intermediate closer to $62. The surge added pressure to inflation concerns already weighing on Wall Street. On the corporate front, Tesla shares slipped over 3% in premarket trading after the electric vehicle maker posted mixed third-quarter results, disappointing investors and kicking off the “Magnificent Seven” earnings cycle. IBM stock also dropped about 7% , as stronger-than-expected profits were overshadowed by weaker software revenue. Traders are now awaiting results from American Airlines and T-Mobile , with Intel set to ...
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Diplomatic Rift Deepens as India Rejects Anand’s Embassy Staffing Claim

 

Dinesh Kumar Patnaik, High Commissioner for the Republic of India to Canada, is pictured at the High Commission of India in Ottawa, on Thursday, Oct. 16, 2025. 

India’s High Commissioner to Canada, Dinesh Patnaik, has pushed back against Foreign Minister Anita Anand’s assertion that Ottawa can once again fully staff its embassy in New Delhi.

In an interview, Patnaik said New Delhi has not agreed to restore Canada’s full diplomatic presence, stressing that Ottawa must first address delays in accrediting Indian diplomats in Canada. “It’s a reciprocal trust. Trust has to be built up on both sides,” he remarked.

Anand had recently stated that India had agreed to readmit a full cohort of Canadian diplomats, signaling a thaw in relations after years of tension However, Patnaik’s comments suggest that significant hurdles remain before ties can normalize.

The dispute comes as both countries attempt to reset relations following a series of diplomatic flashpoints, including allegations of Indian involvement in the killing of a Sikh activist in British Columbia and subsequent retaliatory measures.

For now, the path toward restoring full diplomatic engagement remains uncertain, with both sides emphasizing the need for mutual confidence before progress can be made.


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