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Silver tumbles 4%, gold declines 1.2% on strong dollar
NEW DELHI: Precious metal prices declined up to 4% on Friday, with silver tumbling to Rs 2.7 lakh per kg and gold sliding to Rs 1.6 lakh per 10 grams amid a strong US dollar and uncertainty over global monetary policy. According to the All India Sarafa Association, the white metal slumped by Rs 11,000,…
Change in Data Sources Led to Lower Inflation Reading
A methodological change contributed to a better-than-expected inflation report, prompting questions from some economists. Source link
Steel cos cut output on gas supply woes
NEW DELHI: Faced with supply constraints in industrial gases and disruption in global shipping routes triggered by the West Asia conflict, steel companies across the country are cutting production, senior company officials said.They said the steel sector is facing pressure on several fronts, including shortages of LPG and LNG, which has started to affect production…
Jared Kushner Solicits Funds for His Firm While Working as Mideast Envoy
President Trump’s son-in-law is trying to raise $5 billion or more from foreign governments and others for his private equity firm. Source link
Iran allows two India‑flagged LPG carriers to transit Strait of Hormuz amid conflict
Representative image (AP) NEW DELHI: Iran has allowed two India-flagged liquefied petroleum gas (LPG) carriers to transit through the Strait of Hormuz amid the ongoing conflict in the Middle East, Reuters reported citing four sources with direct knowledge of the matter.The development comes as Iran’s Ambassador to India, Mohammad Fathali, confirmed that Tehran would provide…
U.S. Vows to Block Iran’s Attempt to Shut Down Strait of Hormuz
Defense Secretary Pete Hegseth said that the disruptions in the Strait of Hormuz were “something we are dealing with.” And about 2,500 Marines were headed to the Middle East to bolster the war effort. Source link
Middle East crisis: Kerosene, coal makes comeback for domestic household use as LPG supply concerns rise
India is temporarily reverting to use of kerosene and alternate fuels such as coal and biomass for cooking as disruptions in Middle East strain LPG supply chains.The measures follow the effective shutdown of the Strait of Hormuz, a vital maritime corridor between Iran and Oman through which a large share of global oil and gas…
The Fall of Noma’s Chef Reverberates in the Restaurant World
In the industry where René Redzepi reigned, fellow chefs are debating how, and how much, restaurant kitchens can change. Source link
Dubai news: ‘Evacuate the office?’ Standard Chartered responds to viral rumours in UAE emirate amid Iran vs US-Israel war
Did Banks Start Leaving Dubai? Standard Chartered Issues Urgent Statement Amid Iran vs US-Israel War The intensifying geopolitical conflict between Iran, the United States and Israel is beginning to ripple through global financial markets, prompting international banks to reassess operations in the Gulf. At the center of the latest developments is Standard Chartered, which has…