Global Economy

To safeguard its financial system against broader economic headwinds, China is ramping up efforts to merge and restructure smaller, predominantly rural lenders.

Modi, Parmelin discuss deeper cooperation in trade, defence, nuclear energy, infrastructure, technology and mobility.

Goldman Sachs flags fiscal deficits, rising bond yields and political uncertainty as key risks to market stability.

Gulf producers are working to ramp up production and exports and have succeeded in boosting crude flows to near pre-war levels.

Argentina’s new citizenship-by-investment programme offers foreign applicants two routes, requiring either a non-refundable $350,000 payment, around Rs 3.37 crore, or an $800,000 government bond worth nearly Rs 7.71 crore.

A sub-group of seven countries led by Saudi Arabia and Russia is set to keep targets steady in November, in line with an existing road map, delegates said.

They added in a joint statement that the nations — France, Canada, Germany, Italy, Japan, the United Kingdom and the United States — will convene againin the context of the IEA in the coming days to discuss the possibility of additional diesel releases if necessary.

UK diesel prices hit a record £2 per liter amid fears a US export ban could push prices to £3, potentially raising UK inflation near 5 percent and prompting Bank of England rate hikes.

Gerry Cardinale, founder of RedBird Capital, says the Paramount Skydance Warner Bros. merger will drive meaningful growth, not just cost-cutting, despite industry concerns.

Jefferies estimates OMCs are currently making losses of around Rs 11 per litre on petrol and Rs 16 per litre on diesel based on 15-day average pricing, although the losses have narrowed from the levels seen in Q1FY27.

During Powell's tenure leading the central bank, the president repeatedly criticized him over monetary policy and used the Fed's headquarters renovation as a cudgel against him. Powell resisted Trump's efforts to push him out of office, including threats to fire him.

High power costs, an unreliable grid and the availability of cheap panels — popularized through DIY installation tutorials on TikTok — made the nation China's third-largest solar export market last year, and the equipment has become so ubiquitous that it's now even being used as wedding dowry.