Honda Scraps Plans for E.V.s While Start-Ups Forge Ahead
The Japanese company’s retreat echoes moves by other traditional carmakers as the industry divides between electric vehicle haves and have-nots. Source link
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Average US mortgage rate climbs to 6.11% as Middle East tensions unsettle bond markets
Ongoing crisis in the Middle East is beginning to ripple through financial markets, with the impact now visible in the US bond market. The average rate on a long-term mortgage in the United States moved higher this week as bond market volatility persisted. According to mortgage buyer Freddie Mac, the benchmark 30-year fixed mortgage rate…
Oil Prices Barely Budge After Trump Lifts Russia Sanctions
After surging about 10 percent on Thursday, oil prices had little reaction to the decision by President Trump to waive sanctions on the sale of some Russian crude. Source link
Oil price today: Crude crosses $100 per barrel again amid Middle East tensions
The Middle East crisis impact has continued to spill across global oil supply chains, once again pushing crude prices beyond the $100 mark. Brent crude, the global oil benchmark, rose slightly after moving past $100 a barrel on Thursday (local time), gaining 0.20% to trade at $100.66 by 0020 GMT. Meanwhile, US benchmark West Texas…
A Call for Reporting Tips Rankles Pentagon Officials
A Washington Post appeal for information about the military qualified as prohibited “solicitation,” according to defense officials. Source link
NSE selects 20 merchant bankers for proposed IPO
National Stock Exchange of India (NSE) has selected 20 bankers for its long-awaited initial public offering, the exchange said in a statement.The selected bankers include Kotak Mahindra Capital, JM Financial and Axis Capital, as well as the Indian units of Morgan Stanley, Citigroup, JPMorgan Chase & Co and HSBC Holdings. Eight law firms have also…
War in Iran Has India Scrambling to Keep Stoves Lit for Cooking
India relies on huge quantities of cooking gas that is normally shipped from the Persian Gulf. Source link
Reporting change to lift bank credit growth in FY26
MUMBAI: A technical tweak in the way banks report fortnightly balance-sheet data may swell India’s credit numbers by more than Rs 2 lakh crore this year and lift measured loan growth by over a percentage point. The change concerns the date on which banks report credit and deposit figures to the RBI, a schedule that…
Noma Could Have Changed So Much More Than Food
The globally acclaimed restaurant had the power and influence to remake restaurant culture. Instead, it perpetuated the darkest parts of that world. Source link
Middle East tensions: Firms return to WFH, travel curbs as Iran targets UAE
BENGALURU: With the West Asia crisis escalating and recent Iranian strikes targeting the UAE, several IT companies and global capability centres (GCCs) have activated their business continuity plans (BCPs), introducing measures such as work-from-home, travel advisories and temporary office closures.Amid rising geopolitical uncertainty, many tech firms and GCCs are increasingly relying on India as a…