Meta Deal Reversal Deepens Split Between China and Silicon Valley
Beijing’s insistence that Meta unwind its deal with a Chinese A.I. start-up escalates the geopolitical fight over advanced tech. Source link
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Lite fares: Air India may unbundle meals on domestic and short international flights; lounge access for business flyers
New Delhi: Desperate times call for desperate measures. Full service Air India is planning to make meals optional on its domestic and short international (under two hour) flights. Once this “unbundling” rolls out in the next month or two, passengers opting out of meals could have upwards of Rs 250 shaved off their ticket price….
Powell Says He Will Stay on as Fed Governor After Term as Chair Ends
Jerome H. Powell cited lingering legal threats against him and the Federal Reserve in explaining his decision to remain at the central bank. Source link
Shipping ministry identifies 40 priority vessels, suggests Oman route amid Hormuz disruption
New Delhi: With no sight of the Strait of Hormuz (SoH) opening for commercial traffic in near future, shipping ministry has shared a list of around 40 India-bound “priority vessels” with the external affairs ministry, suggesting the option of evacuating them through territorial waters of Oman. Oman’s territorial waters is on the south of SoH…
Oil price today (April 29, 2026): Brent oil jumps above $119 a barrel, highest since 2022 ahead of Fed call
Crude prices surged to their highest levels since 2022 on Wednesday while investors awaited the Federal Reserve’s policy decision later in the day.Brent crude for June delivery jumped 7.3 per cent to $119.34 a barrel by 1:15 pm Eastern time and touched an intraday high of $119.76. Brent for July delivery, where more active trading…
World Bank estimates energy prices will surge 24 percent in 2026.
Iran war is fueling inflation and slowing growth around the world, according to a new report. Source link
US Fed race: Kevin Warsh clears Senate panel vote, Donald Trump nominee moves closer to top job
Kevin Warsh (Photo credit-AP) Kevin Warsh, President Donald Trump’s nominee to lead the Federal Reserve, moved a step closer to becoming the next US central bank chief after the Senate Banking Committee approved his nomination on Wednesday, AP reported.The committee voted 13-11 along party lines, with all Republican senators backing Warsh and all Democrats opposing…
How the Fed’s rate decision affects your finances.
The central bank’s interest rate policy influences car and home loans, credit cards, savings accounts and more. Source link
RBI’s new disaster loan relief rules explained: Banks can help borrowers automatically; what changes from July 1
Banks will be allowed to extend relief measures to borrowers in calamity-hit areas without waiting for individual requests, under revised Reserve Bank of India guidelines that will come into force from July 1, 2026.The RBI on Wednesday issued fresh directions after considering stakeholder feedback on draft norms covering relief measures in areas affected by natural…