A Few Officials Signaled Support for Higher Rates at Warsh’s First Meeting
Minutes from Kevin M. Warsh’s first meeting as chairman revealed the extent of divisions at the central bank about the path for interest rates. Source link
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Clean energy share in power mix breached 50% mark on July 6
NEW DELHI: Giving a push to its ambitious coal and lignite gasification programme, govt Wednesday floated a request for proposal (RFP) inviting companies to set up projects under its Rs 37,500-crore incentive scheme.Launched in May, the scheme aims to support the gasification of 75 million tonnes (MT) of coal and lignite by 2030 to produce…
William D. Zabel, High-Flying Lawyer and Civil Rights Champion, Dies at 89
He brokered celebrity divorces and recovered billions for victims of Bernie Madoff’s Ponzi scheme. But he was proudest of helping to legalize interracial marriage. Source link
Trump’s ceasefire ‘over’ remarks & fresh Strait of Hormuz disruptions: What it means for India
While India’s crude oil situation is relatively well diversified, it is LPG and LNG imports that will need to be watched. (AI image) Crude oil prices are soaring again, back above the $80 per barrel level as fresh tensions between US and Iran makes shipping through the Strait of Hormuz fraught with risks. Vessel movements…
Lawmakers Target the Power of Health Insurance Giants
UnitedHealth Group, CVS Health and Cigna are battling efforts to break up their control over prescription drugs. Source link
US stocks today: Oil jumps nearly 5%, shares tumble as Trump declares Iran ceasefire ‘over’
US stocks today: Oil jumps nearly 5%, shares tumble as Trump declares Iran ceasefire ‘over Global stock markets fell and oil prices surged on Wednesday after US President Donald Trump cast doubt on the temporary truce in the Iran conflict, raising fears that renewed fighting could disrupt global energy supplies.Wall Street opened lower after Trump…
Air Canada Chooses a C.E.O. Who Speaks French After Language Backlash
Michael Rousseau, who prompted widespread criticism with a largely English condolence video following a crash in March, will retire. Source link
How India’s silver import restrictions have created shortages; white metal trading at significant premium to global prices
In India, silver is used across a wide range of segments, including jewellery, coins, bars and industrial applications. (AI image) India’s curbs on silver imports have triggered supply shortages in the country’s domestic market, driving premiums to their highest level in six months even as demand remains weaker than usual.As India relies on imports to…
Global Economic Output Looks Slower for 2026, IMF Says
The I.M.F. projected world output growth would fall to 3 percent for the year, a number pushed down by high commodity prices. Source link
US-Iran war impact: IMF lowers India’s GDP growth forecast marginally; still tags it among fastest growing economies
India’s growth is supported by strong momentum in private consumption and services activity. (AI image) The International Monetary Fund (IMF) on Wednesday marginally lowered the growth projections for India to 6.4% from 6.5% earlier as part of its World Economic Outlook update for the current year. However, it raised the GDP growth projections for the…