Friday 24 October 2025
*Daylight saving time ends on Sunday. Clocks go back by one hour.*
The Mighty Headlines
Economics: Oil prices rise over 5 per cent after US sanctions on Russia
Business and markets: Europeans create rival to Musk’s Starlink satellites
Foreign affairs: EU leaders fail to agree on €140bn Ukraine reparation loan
Security and intelligence: Met Police arrest three suspected Russian proxies
UK domestic affairs: Resident doctors in England to strike next month
The Mighty Stats
FTSE = 9,578.57 (up 0.67%)
S&P 500 = 6,738.44 (up 0.58%)
Nasdaq = 22,941.80 (up 0.89%)
CAC40 = 8,225.78 (up 0.23%)
£1 = $1.33 / €1.15
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The Mighty Detail
Economics: The price of oil rose by 5.6 per cent yesterday to $62 per barrel. It comes after the US administration imposed sanctions on Russia’s two largest oil companies, Rosneft and Lukoil on Wednesday.
Rosneft produces nearly half of all Russian oil, which constitutes 6 per cent of global oil output.
Business and markets: Airbus, Thales and Leonardo will merge their space and satellite activities in an effort to produce a European rival to Elon Musk’s Starlink satellite programme.
Starlink launched its 10,000th satellite this week and plays a major role in supporting Ukraine’s war effort.
The combined operation of the three European defence giants is expected to employ 25,000 people.
Foreign Affairs: EU leaders have failed to reach agreement on a €140 billion reparation loan for Ukraine. The loan would use frozen Russian assets but has been met with resistance by Belgium. Belgium, which hosts many of the frozen assets, is seeking financial protections against a possible retaliation by Russia.
Security and intelligence: The Metropolitan Police have arrested three people suspected of assisting Russia’s intelligence service. The men are aged 48, 45 and 44 and were arrested at locations in west and central London yesterday. The police have said that the number of proxies recruited by foreign spy agencies is increasing.
Domestic politics: Resident doctors in England will go on strike next month over pay and career progression. The strike will start at 7.00am on the 14th November and end at 7.00am on the 19th November.
The Mighty Calendar
What’s happening today?
80th anniversary of the creation of the UN
Presidential election in the Republic of Ireland
UK retail sales data (September) – growth set to fall from 0.7% to 0.6%
US CPI inflation data (September) – expected to be 3.1%
Company results from: NatWest, General Dynamics, Procter and Gamble
Lookahead to the weekend
Saturday
UK Labour Party Deputy Leader announced
Rugby League Ashes: England vs Australia
Rolex Paris Tennis Masters begins (ends 2 November)
Sunday
British and European daylight saving ends – clocks go back one hour
President Trump visits Malaysia for start of ASEAN summit
Women’s Cricket World Cup: England vs New Zealand
F1 Mexico Grand Prix
The Mighty Finale
🌤️Weather today
Rain in the west of England. Sunny spells in the east but light rain in the late afternoon. High of 12C and low of 8C in London. Sunny spells but rain in the late afternoon in Belfast. Rain for most of the day in Edinburgh.
✏️Life coaching quote of the day
“Vague goals produce vague results.” – Jack Canfield, motivational speaker
Mighty takeaway: Make sure that your goals and ambitions are clearly defined. Put a number and a deadline to them.
That’s it for this morning and for this week. We hope that you enjoy the weekend.
Bye!
The Mighty Memo team
*To read the Mighty Memo manifesto and learn about why we do this visit: https://www.mightymemo.co.uk/why*