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(Adds details from paragraphs 3-5) Oct 7 (Reuters) – U.S. President Donald Trump's administration is mulling options to sell off parts of the federal government's $1.6 trillion student loan portfolio to the private market, Politico reported on Tuesday, citing three people familiar with the matter. Reuters could not immediately verify the report. The White House, the Treasury and the Department of Education did not immediately respond to Reuters requests for comment. The discussions are said to have taken place among senior Department of Education and Treasury officials, and have focused on selling high-performing portions of the government's massive portfolio of student debt owed by about 45 million Americans, the report added. The discussions also involved industry executives, including potential buyers of the debt, the report said. (Reporting by Yazhini MV in Bengaluru; Editing by Aidan Lewis)

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UKRAINE'S ENERGY MINISTER SAYS RUSSIA'S ATTACKS TARGET REGIONAL GAS INFRASTRUCTURE

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UKRAINE'S ENERGY MINISTER SAYS DISCUSSED WITH G7 PARTNERS ADDITIONAL GAS IMPORTS FOLLOWING RUSSIAN ATTACKS

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TRUMP ADMINISTRATION WEIGHS SELLING PARTS OF $1.6T FEDERAL STUDENT LOAN PORTFOLIO – POLITICO

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ZURICH INSURANCE SAYS IT WILL REJECT BBVA’S SABADELL OFFER – BLOOMBERG NEWS

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(Corrects 2030 forecast change to account for additional year in 2024 report, in paragraphs 1 and 2) By Forrest Crellin PARIS, Oct 7 (Reuters) – The International Energy Agency on Tuesday cut its global forecast for renewable power growth by 2030 by 248 gigawatts from last year's outlook, citing weaker prospects in the United States and China, even as solar power continues to drive record additions. Global renewable power capacity is now expected to rise by 4,600 GW by 2030 – down from the six-year forecast of 5,500 GW in 2024 – with solar accounting for about 80% of the increase, the data showed. The downward revision is mainly due to an early phase-out of U.S. federal tax incentives and other regulatory changes – lowering the IEA's U.S. growth expectations by almost 50% – while China's shift from fixed tariffs to competitive auctions is squeezing project economics. The downgrade is partly offset by stronger outlooks elsewhere. India is set to become the second-largest growth market after China and is on course to comfortably reach its 2030 target, supported by expanded auctions, faster permitting and a rooftop-solar surge. Europe's prospects have also improved on the back of ambitious policies, larger auction volumes and streamlined approvals, while many emerging economies across Asia, the Middle East and Africa are accelerating build-outs as costs fall and targets rise, the report said. Offshore wind remains a weak spot, with the agency's growth outlook about a quarter lower than last year due to policy resets, supply-chain bottlenecks and higher costs. Pumped-storage hydropower is expected to grow 80% faster over the next five years than in the previous five as grid-integration challenges mount and geothermal installations are on track to hit historic highs in the United States, Japan, Indonesia and other emerging markets. "The growth in global renewable capacity in the coming years will be dominated by solar," IEA Executive Director Fatih Birol said, urging policymakers to tackle supply-chain security and grid constraints. The agency warned that solar and rare-earth supply chains remain highly concentrated in China, with key segments staying above 90% through 2030. (Reporting by Forrest Crellin in Paris; Editing by Matthew Lewis)

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Oct 7 (Reuters) – ABU DHABI PORTS COMPANY PJSC : * CHINA SOUTHERN GLASS (CSG) tO SET UP AED 300 MILLION INTELLIGENT ENERGY-SAVING GLASS PLANT IN KEZAD * AD PORTS GROUP- FACILITY IS EXPECTED TO BEGIN OPERATIONS IN LATE 2026 Further company coverage:

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Oct 7 (Reuters) – Major stock markets in the Gulf were mixed in early trade on Tuesday as the prolonged U.S. government shutdown tempered sentiment, despite support from higher oil prices. The White House on Monday backed off President Donald Trump's assertion that government employees were already being laid off due to the shutdown, but warned job losses could result as the standoff looked set to stretch into a seventh day. Saudi Arabia's benchmark index dropped 0.5%, on course to snap two sessions of gains, hit by a 1.4% fall in the country's biggest lender by assets Saudi National Bank and a 0.4% decrease in Al Rajhi Bank. As the U.S. government shutdown extends into its second week, investors are turning to private and alternative economic data to gauge the interest rate trajectory, with a 25 basis point rate cut at this month's policy meeting appearing nearly fully priced in. The Fed's stance carries heavy clout in the Gulf, where most currencies are pegged to the U.S. dollar, anchoring regional monetary policy. Dubai's main share index gained 0.6%, with Emirates Central Cooling Systems Corp advancing 2.5%. In Abu Dhabi, the index was up 0.3%. Oil prices – a catalyst for the Gulf's financial markets – extended gains on Tuesday as a smaller-than-expected November output hike by OPEC+ helped to ease some fears of a growing supply glut. The Qatari index eased 0.1%, weighed down by a 0.6% fall in petrochemical maker Industries Qatar. (Reporting by Ateeq Shariff in Bengaluru; Editing by Mrigank Dhaniwala)

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FRENCH FARM MINISTRY CUTS 2025 WINE PRODUCTION FORECAST TO 36.0 MLN HL FROM 37.4 MLN LAST MONTH, NOW DOWN 1% ON LAST YEAR

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US S&P 500 E-MINI FUTURES DOWN 0.12%, DOW FUTURES DOWN 0.24%, NASDAQ 100 FUTURES DOWN 0.09%

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