Victoria’s Secret Takes Down Website After Security Incident
The cyberattack disrupted online sales for days and sent the lingerie company’s share price lower. Source link
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US economy contracts 0.2% in Q1 amid tariff-driven disruption; imports, weak spending weigh on growth
The US economy contracted at a 0.2% annual pace from January through March, marking the first quarterly decline in three years, as President Donald Trump’s trade policies disrupted business activity. The Commerce Department released the revised estimate Thursday, slightly improving on its initial figure.The drop in gross domestic product (GDP) — the broadest measure of…
United Airlines Will Return to J.F.K. Through a Deal With JetBlue
The partnership comes after Newark’s airport, where United has a big hub, suffered long delays because of air traffic control problems. Source link
RBI to explore cross-border CBDC pilots as E-rupee circulation surges to Rs 1,016 crore
The circulation of central bank digital currency (CBDC), or e-rupee, surged to Rs 1,016 crore by the end of March 2025, up from Rs 234 crore a year earlier, according to the Reserve Bank of India’s (RBI) annual report released on Thursday.The RBI also indicated that it is exploring cross-border CBDC pilot projects, though it…
Trump’s Trade Strategy Upended by Court Tariffs Ruling
The administration immediately petitioned a court to allow the United States to continue imposing stiff tariffs. Source link
Ola Electric reports Q4 loss to Rs 870 crore, eyes profitability in FY26 as gross margins improve
Ola Electric on Thursday reported a consolidated net loss of Rs 870 crore for the fourth quarter ended March 31, 2025, while reaffirming its target to achieve profitability in the ongoing fiscal.The company had posted a net loss of Rs 416 crore during the same quarter of the previous financial year, PTI reported.Revenue from operations…
Ray Dalio’s Prescription for Avoiding Fiscal Catastrophe
The hedge fund billionaire’s take on how to fix America’s fiscal woes is getting a warm reception in Washington, even as he suggests drastic changes. Source link
RBI’s balance sheet grows 8.2% to Rs 76.25 lakh crore in FY25, delivers Rs 2.69 lakh crore dividend to government
The Reserve Bank of India’s (RBI) balance sheet expanded by 8.20 per cent year-on-year, reaching Rs 76.25 lakh crore as of March 31, 2025, according to the central bank’s Annual Report for 2024-25 released on Thursday. The increase contributed to a significant dividend payout of Rs 2.69 lakh crore to the central government.The report noted…
Export Controls Are Endangering the Fragile U.S.-China Truce
Just two-and-a-half weeks after agreeing to suspend tariffs, both countries are using export controls to disrupt each other’s key industries. Source link
Indian economy’s size more than half of US in PPP terms; stands at $15 trillion, says NITI Aayog Vice-Chairman
India’s economy in PPP terms stands at $15 trillion, whilst the United States maintains $ 29 trillion. (AI image) The Indian economy’s size in Purchasing Power Parity (PPP) terms is $15 trillion which is more than half the size of the US economy, NITI Aayog Vice-Chairman Suman Bery has said. He explained that whilst India’s…