October 12, 2026
United States:
Trump-Backed Housing Rule Could Undercut Effort to Lower Costs
A proposed rule change by the Trump administration could jeopardize billions of dollars of housing investment in rural areas and small towns – potentially undermining the White House’s efforts to boost housing supply in order to bring down costs just as mortgage rates soar.
A 400-page rewrite of regulations under the Community Reinvestment Act – a landmark 1977 law requiring banks to invest in and provide services to local communities where they have a presence – would reclassify which financial institutions are subject to certain requirements, among other changes.
Europe:
EU to Cap Chinese Hybrid Car Imports at 350,000 Each Year
The European Union will cap the import of Chinese hybrid vehicles at 350,000 cars per year, with the safeguard measure taking effect as soon as Dec. 1.
The 350,000 car limit will apply for the first year of the cap, then will increase by 6% annually from the second year of application, according to a document outlining the plan and seen by Bloomberg.
Asia:
Japan Urges Oil Stockpiling, Development as Mideast Risks Rise
Japanese Trade Minister Ryosei Akazawa called for stronger cooperation between oil-producing and consuming countries as well as greater oil stockpiling and infrastructure development in Asia, seeking to strengthen the region’s resilience to supply disruptions.
Energy security has become increasingly important amid heightened tensions in the Middle East, Akazawa said during an online appearance at the International Energy Forum ministerial meeting.
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