India's October economic report said the economy remains in good condition and, despite downside risks, is likely to remain expansionary for the remainder of FY2027.

Canadian AI startup Cohere is seeking up to $5.0bn in a financing round that values the company at $20.5bn, roughly double its valuation a year ago. Cohere said it has completed a first close that the CFO said covers most of the amount. Investors include the Canadian government, which has committed up to $1.14bn, and NVIDIA; the previously disclosed $600m pledge from Schwarz Group is included. Prime Minister Carney said Cohere will keep its headquarters in Canada and expects to invest about $1.2bn in new compute infrastructure by 2030. The $20.5bn valuation excludes proceeds from the round; if completed, the raise would be the largest private financing in Canadian history.

Kremlin says it hopes humanitarian aid will reach the Russia-controlled town of Aleshki on Thursday or Friday and that people who wish to leave will be able to do so.