Global Economy

India, France unveil AI, trade, space and infrastructure initiatives as leaders review strategic partnership in Nice.

The trade agreement with New Delhi is within reach, though not imminent, according to a Trump administration official.

Earlier this week, President Donald Trump announced that the United States had secretly transported 100 million barrels of oil through the Strait of Hormuz

The IPO of Space Exploration Technologies Corp., as the rocket, satellite and artificial-intelligence company is formally called, drew more than $100 billion of orders from retail investors, people familiar with the matter have said.

While the legislation has twice passed the National Assembly, it remains far from becoming law. The French government opposes the move, ArcelorMittal rejects the rationale behind it, and the Senate has already voted against the proposal once.

SpaceX launched the largest IPO ever, raising seventy five billion dollars and achieving a valuation of 1.77 trillion dollars, making it one of the top ten public companies globally.

China's excess capacity, heavy industrial subsidies, manufacturing surplus, and reluctance to leave space for other countries mean that many developing economies now compete with China in the same export markets.

The ECB came close to acting in April and even some of its most dovish policymakers suggested in the run-up to this week's meeting that there's now no real alternative.

Initial claims increased by 4,000 to 229,000 in the week ended June 6, according to Labor Department data released Thursday. The median forecast in a Bloomberg survey of economists called for 220,000 applications.

The government has initiated consultations with banks and other stakeholders to examine ways to unlock gold available within the domestic ecosystem, sources say.

Even after analysing these functions separately, we may still arrive at the same conclusion: there is no meaningful alternative to the US-centred financial system.

The consumer price index climbed 4.2% from a year earlier, the most since early 2023.

India gains preferential access to the US market, valued over Rs 2,850 lakh crore, under the India-US Bilateral Trade Agreement with reduced tariffs and a Rs 48 lakh crore trade target by 2026.

The country has no coastline outside the strait and no bypass pipeline of its own, leaving it entirely dependent on Hormuz Strait that has been effectively closed since late February.

The proposed 21st sanctions package includes export control measures on companies across India and several other countries as Brussels seeks to tighten pressure on Russia's war economy.

Rising geopolitical issues, stretched current account deficits, and inflationary pressures around the globe mean that time alone is unlikely to solve China's problems.

Brent crude traded below $93 a barrel after ending the previous session marginally higher, while US benchmark West Texas Intermediate hovered above $91 a barrel.

Imports in May jumped 27.4%, also at a faster pace compared with April's 25.3% year-on-year expansion. Exports to the US in May surged more than 35% from the year before, after an 11% increase in April.

Higher fuel prices and shipping disruptions in the Strait of Hormuz led to a sharp decline in Eurozone fuel sales, according to Eurostat data.

The Bretton Woods institutions, such as the IMF and the World Bank, the dollar's role as the world's reserve currency, and the financial architecture built around it were not merely economic arrangements. That was geoeconomics.