Thousands Rally in Jakarta Over Haze, Soaring Costs and Alleged Corruption

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‼️ 🇮🇩 Thousands rallied at Jakarta’s Bundaran HI on Oct 28, Indonesia’s Youth Pledge Day, protesting the government’s haze response, rising living costs and alleged corruption. Students and civil society groups united under #IndonesiaSadar, with a University of Indonesia student-led group demanding that forest fires in Sumatra and Kalimantan be declared a national disaster—a call echoed nationwide.

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Microsoft’s Azure Soars 48%, Powering Earnings Beat as Revenue Hits $92.3 Billion

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‼️ 🧠 Microsoft beat quarterly expectations as Azure revenue surged 48%, making it the company’s largest single business. Adjusted EPS of $4.89 topped the $4.73 consensus, while revenue rose 19% to $92.28 billion, exceeding the $90.69 billion forecast. Microsoft guided fiscal second-quarter revenue to $96 billion–$97.1 billion, implying 18.8% growth at the midpoint. Short-lived assets, including Intel chips and Nvidia GPUs, now account for roughly 75% of capital spending, up from 66% in recent quarters and 50% a year earlier.

Healey Holds the Line on Taxes as Iran War Costs Squeeze Fiscal Buffer

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‼️ 🇬🇧 Chancellor John Healey ruled out broad-based tax rises in his first Budget, using part of his fiscal buffer to absorb Iran war costs as higher global yields added £14 billion to this year’s debt-interest bill. The OBR put fiscal headroom at £15 billion in 2029-30, down from £23.6 billion in March but broadly matching market expectations of £15.2 billion, before rising to £22 billion in 2030-31. Borrowing is forecast at 4.2% of GDP this year, versus March’s 3.6% estimate, declining to 3.4% next year, 2.9% in 2028-29, 2.1% in 2029-30 and 1.8% in both subsequent years. Public sector net financial liabilities are projected at 83.2% of GDP in 2026-27, up from March’s 82.6% forecast, before falling to 82.3% by 2030-31.

US Warns Gulf Allies to Brace for “Short, Intense” Post-Midterm Campaign Against Iran: WSJ

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‼️ 🇮🇷 🇺🇸 BREAKING: The US has told several Gulf Arab countries to prepare for a “short, intense military campaign” after the midterm elections, according to The Wall Street Journal, which reports growing signs of renewed US-Israeli strikes against Iran, including an additional US Patriot system heading to Israel, munitions restocking and aircraft preparations.