As Sanctions on Russian Oil Loom, India Prepares to End Its Buying Spree
India has been snapping up discounted Russian crude for three years, but U.S. sanctions that take effect on Friday are expected to end the lucrative trade. Source link
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Donald Trump tariff impact: CBO trims deficit-cut estimate by $1 trillion; revised data, rate changes drive downgrade
The Congressional Budget Office has lowered its projection of how much President Donald Trump’s tariff increases will reduce US budget deficits over the next decade. The non-partisan agency now expects the duties to cut deficits by $3 trillion through 2035, down from the $4 trillion estimated in August, as per news agency Reuters.According to the…
Sean Duffy Asks Travelers to ‘Bring Civility Back’ to Airports in New PSA
The secretary of transportation kicked off a new civility campaign on Wednesday called “The Golden Age of Travel Starts With You.” Source link
Energy corridor boost: Tata Power to acquire 40% stake in Bhutan hydro SPV; project to supply 80% output to India
Tata Power has signed commercial agreements with Druk Green Power Corporation to acquire a 40 per cent stake in a special purpose vehicle (SPV) to develop the 1,125 MW Dorjilung Hydroelectric Power Project in Bhutan, the company said on Friday. The equity commitment is valued at approximately Rs 1,572 crore and will be infused in…
Thousands of French Brands Sue Shein, Accusing It of Unfair Competition
The class-action lawsuit is the latest push against the Chinese retailer in France, where protests outside its first store broke out earlier this month. Source link
Kotak Mahindra stock split: Bank announces 1:5 share split; aims to boost liquidity- what you need to know
Kotak Mahindra Bank on Friday said its board has approved a sub-division of equity shares in a 1:5 ratio to make the stock more affordable and enhance market liquidity. The decision was taken on the lender’s 40th foundation day and is subject to statutory and regulatory approvals, the private sector bank said in a regulatory…
California Has a Legal Clause for Housing That Could Put NIMBYs in a Corner
For years, the state has been nudging its cities to build housing to address a severe shortage. Maybe what they needed was a shove. Source link
Data blackout: US scraps October CPI report after govt shutdown; Fed left without key data ahead of policy meet
The US government will not publish consumer inflation data for October after a 43-day federal shutdown disrupted data collection, intensifying uncertainty ahead of the Federal Reserve’s December policy meeting.The Bureau of Labor Statistics (BLS) said it “is unable to retroactively collect” consumer price data for October and will not release the report originally scheduled for…
Help! My Rental Car Died Within a Mile, and Avis Charged Me $1,367.
A visitor to Italy had to abandon an S.U.V. after it conked out just minutes from the rental agency. Then he got another surprise: a hefty repair bill. Source link
Crypto crash: Bitcoin sinks below $82k; tech slump spills into crypto markets-here’s what analysts say
Bitcoin and ether tumbled to multi-month lows on Friday as investors pulled back from riskier assets amid concerns over stretched tech valuations and fading expectations of near-term US rate cuts, Reuters reported. Bitcoin, the world’s largest cryptocurrency, dropped 5.5% to a seven-month low of $81,668, while ether slid more than 6% to $2,661.37, hitting a…