SBI to Open Indian Rupee Deposits in Sri Lanka
State Bank of India plans to introduce Indian rupee deposits in Sri Lanka to boost bilateral trade between the two nations. The move aims to…
Economy
63 articles
Gen Z Relationship Recession Worsens
Members of Gen Z are less likely to be in a steady relationship than millennials were at their age. Research has now quantified this trend. …
<Iran's Economy on the Brink of Collapse>
As the international community awaits a potential peace agreement with Iran, the country's economy is on the verge of collapse. The effects …
SpaceX Set to Make History with Stock Market Debut
SpaceX is becoming a publicly traded company on Friday, marking the highest-value stock listing in history. The event is highly anticipated …
SpaceX Set to Trade on Nasdaq After Record IPO
SpaceX is set to start trading on Nasdaq today after pricing its initial public offering (IPO) at $135 per share. The company raised $75 bil…
UK Economy Shrinks as Energy Prices Rise
The UK economy shrank by 0.1% in April, sparking concerns about a potential contraction in the second quarter of the year. This decline foll…
Treasury Yields Steady Ahead of Inflation Data Release
US Treasury yields were unchanged on Wednesday morning as investors awaited key economic data releases. The data is expected to influence in…
Xinjiang Leader Highlights Trade Hub as Hormuz Tensions Rise
On June 10, Chen Xiaojiang, the top official of China’s Xinjiang Uyghur Autonomous Region, pledged to expand trade and diplomatic ties. He f…
Three Fed Rate Hikes Expected from December
BNP Paribas forecasts three interest rate hikes by the Federal Reserve starting in December, according to Guneet Dhingra, the bank's head of…
Central Asia Faces Water Crisis
Central Asia is facing a severe water crisis due to climate stress, shrinking glaciers, and poor governance. The region's water supply is un…
Iran Conflict Keeps Oil Near $100 a Barrel, but Worst‑Case Scenario Averted
More than 100 days after the Iran‑U.S. confrontation began, oil prices hover just under $100 per barrel. The market avoided a catastrophic p…
New Border Crossing to Open Quietly
The $775 million Detroit River International Crossing between the US and Canada is set to open this week, potentially without fanfare. The p…
Asian Tech Shares Retreat Following Record Gains and Geopolitical Tensions
Technology stocks across major Asian markets faced a sharp decline today as investors pulled back following a period of record-breaking grow…
Israel and Iran Exchange Air Strikes, Raising Fear of Wider Regional Conflict
Israel and Iran traded air strikes early Monday, launching retaliatory attacks that threatened to pull the Middle East back into a broader w…
Escalating Hostilities Mark One Hundred Days of Regional Conflict
The conflict involving Iran and its regional proxies reached a grim milestone today, marking one hundred days of sustained hostilities. Tens…
Automakers Seek New Emissions Rules After Delay
The US auto industry has been given a temporary reprieve from stringent emissions regulations, and now they're asking for clearer guidelines…
Volkswagen Might Revive Regular Golf in US Market
Volkswagen is shifting Golf production to Mexico and exploring cheaper versions to slot below the GTI and R models. This move could bring ba…
EU Trade Deal in Jeopardy as Commissioner Sticks to Turnberry Tariff Ceiling
The European Union's trade agreement with the United States is facing a crucial test as EU Trade Commissioner Maroš Šefčovič insists on main…
Broadcom’s Revenue Gains Fail to Boost Stock
Broadcom announced record quarterly revenue of $22 billion. Despite exceeding expectations, its stock price fell four percent. The company’s…
Labour's Sensitivity on Defence Sputters Amid Aukus Turmoil
Australia's naval chief, Vice Adm Mark Hammond, faced intense scrutiny during budget estimates hearings in Canberra on Wednesday. He reveale…
Trump Proposes New Tariffs on Global Trade
Donald Trump is threatening to impose new tariffs on goods from sixty countries. This includes major trading partners like the United Kingdo…
Monsoon Rain Reaches Kerala Three Days Late
India's economy, worth $4 trillion, relies heavily on monsoon rains. The rains arrived in Kerala three days after the expected date. This ye…
US Imposes New Tariffs Citing Forced Labor Concerns
The US Trade Representative's office has proposed new tariffs, sparking concerns over trade practices. The move is part of a broader effort …
ING, Worldline, and Mastercard Achieve Milestone in European Payment Technology
ING, in collaboration with Worldline and Mastercard, has successfully executed what they claim to be the first end-to-end agentic payment tr…