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The IMF says the Bank of Japan may need to accelerate monetary tightening if inflation rises faster than expected. IMF Asia-Pacific director Krishna Srinivasan said the BOJ is currently taking the right approach by moving rates toward neutral levels but warned that stronger price pressures could require quicker action to keep inflation expectations anchored.

Artificial intelligence could generate more than $1 trillion in economic and sustainability value across the Middle East and North Africa by 2030, according to the World Economic Forum. The report points to opportunities in sustainable finance, public investment and productivity, but warns that rapid AI expansion will also require major upgrades to power grids, water systems and data-centre infrastructure.

President Donald Trump has temporarily waived new tariffs and sanctions under the Lindsey O. Graham Sanctioning Russia and Iran Act. The law allows a 100% tariff on goods from the five largest buyers of Russian oil and gas, but those duties are currently suspended. The waiver remains in effect until the administration determines further action is appropriate.

Anthropic says Claude has solved a decades-old mystery surrounding the origins of key parameters used in standardized ECDSA curves. In under 30 minutes, the model traced several unexplained seed values to the lrand48 pseudorandom generator seeded with Unix timestamps from 1997 and 1998. Anthropic says the finding exposes no new vulnerability and instead reduces concerns that the curves were deliberately weakened.

The Consumer Price Index (CPI) for September is projected to show a 3.6% year‑over‑year increase, which will be closely examined by the Federal Reserve as it considers future interest rate moves. Market participants are monitoring the CPI release for clues about the Fed’s policy stance. The data will be released on Tuesday.

U.S. authorities have charged an OpenAI employee over an alleged attempt to secretly record sensitive discussions inside the company. Prosecutors say the device was hidden in an executive conference room and discovered on September 30. OpenAI subsequently contacted the FBI, which arrested the employee on October 9. If convicted, he faces up to five years in prison.

U.S. authorities have imposed major penalties on Bank of America over failures in anti-money laundering controls and sanctions compliance. FinCEN assessed a $1.2 billion penalty after the bank failed to timely report more than $5 billion in suspicious transactions, including activity linked to priority national security risks. OFAC also reached an $11.6 million sanctions settlement.

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A distressed former Federal Reserve building in downtown San Francisco is slated for redevelopment, according to CoStar. The project aims to repurpose the landmark into mixed-use space, potentially adding 200,000 square feet of commercial and residential units. The redevelopment is expected to boost local economic activity.

The GOP is pursuing a $1 billion fundraising push ahead of the 2024 midterm elections, according to PBS. Campaigns say the money could be critical for advertising and outreach, but some fear the effort may be too late to influence the race. The push reflects growing concerns over the competitiveness of key districts.

Oman’s updated securities framework gives the Financial Services Authority greater flexibility to regulate new financial technologies and instruments that are not yet covered by specific legislation. The rules also expand capital-market licensing, collective investment schemes and investment banking activities, while introducing stronger risk-management and client-asset protections for regulated firms.