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  • The World Trade Organization authorizes the United States to impose about US$7.5 billion in tariffs on goods from the European Union every year. The WTO started the probe in 2005 after the United States complained that European subsidies to Airbus damage Boeing airplane sales. (NPR)
    • The United States announces a tariff of 10% on European-made Airbus planes and 25% on a range of goods, set to take effect on 18 October. (Reuters)
  • American retailer Bed Bath & Beyond announces it will close 60 stores by the end of the year due to declining profits. (USA Today)
  • A foreign exchange trader, Rohan Ramchandani, has filed a lawsuit against Citigroup. Ramchandani won acquittal last year after criminal charges of market manipulation. He claims that the charges were instigated by his former employer in order to mitigate the regulatory consequences for its own misbehavior. (Reuters).
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  • Scientists say the largest iceberg in 50 years has broken away from Antarctica's Amery Ice Shelf. The 1,636 sq km iceberg, known as D28, will continue to be monitored as it could pose a risk to shipping. (BBC)
  • A near-record snowstorm drops large amounts of snow in some parts of Alberta, from September 27-30. 95 cm fell in Waterton, 50-60 cm fell in Lethbridge, and over 27-32 cm fell in Calgary. Impacts were relatively mild, with power outages, and businesses closing. (The Globe and Mail)
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  • Flooding in the Indian state of Uttar Pradesh kills at least 93 people and displaces thousands of others. Another 29 people were killed in Bihar. (BBC).
  • An oil tanker ship explodes in Ulsan, South Korea, with flames subsequently spreading to an adjacent second tanker. At least ten people are injured. (CBC)
  • A coach with a flat tyre swerves into oncoming traffic and strikes a lorry head-on in Jiangsu, China. The collision kills at least 36 and injures another 36. (The Guardian)
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Time: 12:03 UTC|Day: 4 October
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