End of an era: US penny bids goodbye after last coin pressed in Philadelphia; 238 years old currency finally retires after Trump’s order

After more than two centuries of jingling in pockets and cash drawers, the American penny has reached the end of its life. The final batch of one-cent coins was pressed this week at the US Mint in Philadelphia, an event overseen by US Treasurer Brandon Beach.Earlier in February, US President Donald Trump announced that he…

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No major impact of Trump tariffs? Moody’s says India to be fastest growing major economy; ‘succeeded in redirecting exports’

Ratings agency Moody has predicted that India’s economy will grow at a strong 6.5% through 2026 and 2027. (AI image) India will continue to be the world’s fastest growing major economy in the coming years, despite its exports taking a hit after Donald Trump administration’s 50% tariffs, according to the latest global economic outlook report…

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Who will be next lead at Fairfax? Prem Watsa reveals succession plan in new book; wants to ‘die knowing the companies will never be sold’

Prem Watsa, the Indian-Canadian billionaire, for the first time, publicly outlined his succession plan, confirming that his son Ben Watsa will take charge of Fairfax Financial Holdings in the years ahead. The revelation features in The Fairfax Way, an upcoming book by author David Thomas, whose draft was shared with ET before publication. Watsa, 75,…

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Gold price today: Yellow metal shines; check 24K, 22K rates in Delhi, Mumbai, Bengaluru & other cities

Gold and silver prices continued their upward march on Thursday, supported by firm global cues and renewed safe-haven demand after the end of the prolonged US government shutdown. The reopening of the US government lifted investor sentiment, driving both metals higher in domestic and international markets.On the Multi Commodity Exchange (MCX), gold futures for December…

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Delhi markets fall silent after Red Fort blast: Footfall drops drastically in Sadar Bazaar, Chandni Chowk; buyers move online

Footfall drops in popular Delhi markets Central Delhi’s bustling wholesale and retail markets have fallen unusually quiet following Monday’s explosion near the Red Fort, which killed 13 people and injured several others. Many outstation buyers, wary of security concerns, are now opting for online shopping instead of travelling to the capital. Trading activity has been…

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$100 billion trade target by 2030: India, Russia discuss ways to boost bilateral ties; marine and pharma products in focus

AI image used for representative purposes India has urged Russia to expedite the approval of domestic establishments and registration of marine and pharmaceutical products to further strengthen bilateral trade ties.During his visit to Moscow, Commerce Secretary Rajesh Agrawal highlighted opportunities for expanding trade and proposed measures to improve market access, the commerce ministry said in…

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Ford CEO warns US of a workforce crisis: “We have 5,000 skilled-mechanic jobs unfilled even with a $120,000 salary.” | Business

Ford Motor Company CEO Jim Farley has issued one of his starkest warnings yet about America’s labour future, revealing that the company is struggling to fill 5,000 skilled-mechanic roles despite offering salaries of around $120,000. Calling it a “serious problem” for the country, Farley said the shortage of trained workers is no longer an industry…

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