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Daily News Summary – 2026-09-25 – en

News summary for 2026-09-25
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On September 25, 2026, the global news landscape is marked by sharp political contests, security tensions, and regulatory shifts. Brazil's presidential race tightens as Luiz Inácio Lula da Silva accuses the United States of interference. In Europe, Italy approves school restrictions on religious face coverings and foreign-student quotas, while Swedish and Finnish jets jointly intercept Russian aircraft over the Gulf of Finland. Pope Leo XIV begins a high-profile visit to France, focusing on abuse survivors and AI ethics. Volkswagen and Audi recall 2.8 million vehicles over a steering bolt defect. Meanwhile, economic stories range from China's critical mineral export controls and the EU's carbon border tax to the ongoing restructuring of global energy and financial systems after the Hormuz crisis and BRICS de-dollarization.

Top Stories

Lula accuses Trump of trying to colonise Brazil in new TV ad

Brazil election 2026 Lula and Trump

President Lula da Silva sharpened his attacks on US President Trump and rival Flávio Bolsonaro, accusing Washington of seeking to colonise Brazil and seize its natural resources. With polls showing a statistical dead heat, the election is set for 4 October 2026, with a likely runoff on 25 October.

23:30politics

Also Notable

Energy

Geopolitics

BRICS de-dollarization surge reshapes global financial order

BRICS de-dollarization and gold

The US dollar's share of allocated foreign exchange reserves fell to 56.77% in Q4 2025, while BRICS Pay, mBridge and a gold-backed Unit gain traction. Analysts see fragmentation toward a multipolar currency system rather than a dollar collapse.

23:30geopolitics

China tightens critical mineral export controls, prices spike 600%

China critical minerals rare earth

China's licensing regime on rare earths, tungsten and antimony has caused price spikes of up to 600% outside China while preserving domestic pricing power. The extraterritorial rules set to take effect in November 2026 create a 12-18 month vulnerability window.

23:30geopolitics

Trade war

EU carbon border tax enters definitive phase, triggering WTO disputes

EU CBAM carbon border tax

The EU's Carbon Border Adjustment Mechanism became financially binding on 1 January 2026, with certificates priced around €75 per tonne of CO₂. Importers face phased liability and new compliance deadlines, while Russia, China, India and Brazil challenge the measure at the WTO.

23:30trade war