Brent Crude prices spiked as much as 5% on Monday following the US airstrikes on Iran’s key nuclear facilities on Sunday. The move ended days of speculation over whether the US President Donald Trump would join Israel in its confrontation with Iran.While prices surged initially, they soon pared gains. The attacks on Fordow, Natanz and…
China has issued a sharp condemnation of the United States following its airstrikes on Iranian nuclear facilities, warning that the attacks violate international law and risk further destabilising the already volatile Middle East. In a statement released on Sunday, a spokesperson for China’s Foreign Ministry said the strikes had targeted nuclear facilities that were under…
The escalating war between Iran and Israel could have wide-ranging repercussions for India’s trade with the broader West Asian region, experts warned, citing early signs of export disruptions and heightened shipping and insurance risks.The conflict has already started impacting India’s trade with Iran and Israel, and any further escalation could endanger exports to countries such…
NEW DELHI: Rising global crude oil prices, triggered by the conflict between Israel and Iran, pose a risk for India, a top official said on Wednesday, adding that the impact on the economy, however, would depend on the extent of the increase and how long it lasts.“The current conflict between Israel and Iran may not…
Elon Musk’s escalating feud with President Donald Trump has put SpaceX’s massive $22 billion in government contracts on the line, raising concerns about the future of America’s space program. SpaceX, a key player in NASA and Pentagon missions, faces potential funding cuts amid political tensions, threatening crucial projects like lunar exploration and national security launches….
BENGALURU: Venture capital firm Accel partners Shekhar Kirani and Prayank Swaroop highlighted concerns about Indian AI startups lagging behind global competitors, despite having comparable technical abilities. They cited insufficient urgency and limited global vision as key issues.During a media roundtable on Wednesday, they observed that while India is experiencing an emergence of technically proficient, AI-focused…
MUMBAI: RBI has acknowledged that government’s ownership of public sector banks makes its risk management job easier. In its latest economic capital framework report, RBI notes that such ownership has “demonstrably reduced the potential losses” it might face when offering emergency liquidity assistance (ELA), warranting lower capital buffers for these entities.In other words, govt-owned lenders…
New Delhi: Women who use a combined oral contraceptive (COC)—better known as the pill—are three times more likely to suffer an unexpected stroke than those who don’t. These new findings were presented at a conference of European Stroke Organisation in Finland’s Helsinki on May 20.The pill is a hormonal contraceptive, containing both oestrogen and progestogen,…
NEW DELHI: Days after clearing fresh assistance despite India’s strong opposition, International Monetary Fund (IMF) has flagged that heightened tension with its neighbour could increase the “enterprise risk” for Pakistan’s agreed reforms, while also cautioning about “reputational risk” due to a perception of fund diversion.Setting out 11 new structural benchmarks for reforms under the bailout…
The International Monetary Fund (IMF) has slapped 11 new conditions on Pakistan for the release of the next tranche of its bailout programme and warned that tensions with India could heighten risks to the scheme’s fiscal, external, and reform goals, according to a media report on Sunday. The new conditions imposed on Pakistan include the…