Strait of Hormuz Ship Traffic Falls to Lowest Point in a Month After Strikes
Shipping activity plummeted after Iran attacked a ship, setting off U.S. strikes. Little crude oil is being transported through the critical waterway. Source link
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India’s commerce portfolio: Imports outpace exports, trade deficit expands to $30.4 billion
India’s merchandise imports surged 31% year-on-year to $70.84 billion India’s merchandise imports surged 31% year-on-year to $70.84 billion in June. Merchandise exports rose 15.5% to $40.41 billion during the month, while imports climbed sharply, driven by higher purchases of crude oil, electronics, machinery and precious metals, commerce secretary Rajesh Agarwal said during a press briefing…
Wall Street’s Big Week for Earnings and Economic Data
Earnings season kicks off in earnest on Tuesday with big banks up first. Corporate America faces a high bar to beat investor expectations. Source link
Economists Warn of A.I. Threat
Nearly 200 economists signed a letter calling for policymakers to do more to understand and respond to potential A.I. disruptions. Source link
Retail inflation jumps to 4.38% in June, driven by food, jewellery prices; breaches RBI’s 4% target
Retail inflation crosses RBI target, at 4.38% India’s retail inflation rose to 4.38 per cent in June, up from 3.93 per cent in May, as higher food prices pushed up the overall Consumer Price Index (CPI), according to provisional data released by the ministry of statistics and programme implementation (MoSPI) on Monday.Food inflation, measured by…
Europe Takes Step Toward Possible Social Media Ban for Children
After the release of a new report, the European Commission is considering changing the rules across the 27-nation bloc. Source link
Supreme Court: Bank merger without landlord’s consent can attract eviction under Delhi Rent Control Act
The Supreme Court allowed the appeal, set aside the judgments of the Delhi High Court and the Additional Rent Controller, and restored the eviction order passed by the Additional Rent Control Tribunal. (AI image) The Supreme Court has held that tenancy rights transferred from one bank to another under a scheme of amalgamation framed under…
How Wealthy People Are Getting to World Cup Games
The skies above the Hamptons are packed with choppers headed to games, as “inequality is taking it right in the face.” Source link
‘Won’t cede ground on agriculture’: India on US trade talks, seeks tariff edge before signing deal, says report
India has refused to rush into a quick trade agreement with the United States, choosing instead to hold out for more favourable terms despite mounting pressure from Washington, according to a Reuters report. Officials and trade experts also said that New Delhi’s stronger economic outlook, expanding trade partnerships and recent political gains have strengthened its…
Global funds fall in love with Indian stocks again; buy $1 billion in equities as foreign investors rush back
The renewed interest from foreign investors could help extend the recovery in the benchmark NSE Nifty 50 index. (AI image) Foreign investors seem to be turning bullish on Indian equities again with more than $1 billion invested in the last week. Goldman Sachs Group Inc. has projected that these overseas inflows could strengthen further as…