India has set a 13.5 lt sugar sales quota for September 16–30, lifting the total allocation for September to a record 26.5 lt to steady domestic prices. Maharashtra, Uttar Pradesh and Karnataka received 4.25 lt, 4.13 lt and 2.02 lt, respectively. The government has also allowed duty-free imports of 1 million tonnes of raw sugar, and retail prices have fallen below ₹60/kg. In global trade, ICE raw sugar futures slipped below 18 cents a pound, while London white sugar futures were quoted at $529.1 a tonne.

Libya’s National Oil Corporation said it may declare force majeure after members of the force tasked with protecting oil infrastructure shut pipeline valves, stopping output at two oilfields. The country’s crude production is about 1.4 million barrels per day, the highest level in more than a decade, and NOC is targeting 1.6 million bpd by the end of 2026. The incident underscores the ongoing risk of oil supply disruptions in Libya.

Dell shares climbed 5.8% to $565.15 on Tuesday after European AI chip startup Axelera AI unveiled its Europa inference processor, which it expects to appear in future Dell systems. Axelera said more than 600 customers already use its technology and that signed agreements total tens of millions of dollars. It added that its broader potential sales pipeline could reach $1.5 billion, though it said the figure reflects sales opportunities rather than booked revenue. Dell ended its latest quarter with roughly $95 billion of AI server backlog after shipping $16.4 billion of AI systems.

Amazon’s quick-commerce service Amazon Now has surpassed $1 billion in annualised gross revenue in India less than two years after its launch. The service currently operates in more than 60 towns and cities, and Amazon said orders have doubled every quarter since it launched in India a year ago. Amazon plans to expand Amazon Now to 100 Indian cities by Diwali in November, stepping up competition with Blinkit, Zepto, Swiggy and Flipkart.

Britain’s average petrol price has risen to 170.54p per litre and diesel to 192.86p, the highest levels since August 2022 and July 2022 respectively, the RAC said on Tuesday. The RAC said the cost of filling a family car has increased by nearly £5 since early September. It added that oil trading consistently above $100 a barrel is likely to keep pump prices rising.

U.S. stocks came under pressure Tuesday, with the S&P 500 down 0.4%, the Dow Jones Industrial Average off 506 points, and the Nasdaq composite lower by 0.6%. The drag came as oil prices climbed and the bond market sold off. The 10-year U.S. Treasury yield rose to 5.01%, the first move above 5% since 2023.

AI startup Anthropic expects to post positive adjusted operating income for a second straight quarter. The company’s gross margins are above 80%, though the figure excludes partner revenue shares and model-training costs. Quarterly revenue topped $11.5bn last month, and annualised revenue reached $65bn in July, about seven times a year earlier, according to CNBC. Anthropic confidentially filed for an IPO in June, is planning a Nasdaq listing, and is finalising a $15bn revolving credit facility while targeting an offering that could match or exceed SpaceX’s $86.3bn record.

Republicans in the U.S. rejected Democrats’ proposed Crypto Clarity Act, undermining expectations for a clearer regulatory framework. Bitcoin came under pressure on the news and fell below the $76,000 level. The episode highlights ongoing partisan divisions in U.S. crypto legislation, increasing near-term policy uncertainty and weighing on market sentiment.