Business News - Page 15
Gold jumps nearly 2% as US-Iran peace deal weakens dollar, boosts bullion demand
Gold prices climbed nearly 2 per cent to a one-week high after a US-Iran peace agreement weakened the dollar and sent oil prices sharply lower, easing inflation concerns and boosting demand for bullion
US to release $12 billion in frozen Iranian assets ahead of talks under proposed deal: Report
The United States will release $12 billion in frozen Iranian assets before the start of negotiations with Tehran under a proposed peace framework that aims to end the conflict, reopen the Strait of Hormuz and ease tensions in West Asia
Oil plunges 4% as markets cheer US-Iran agreement, bet on uninterrupted Hormuz traffic
Asian stocks rallied and crude oil prices fell sharply after reports of a US-Iran peace agreement, easing concerns over energy supplies and inflation ahead of a crucial week of central bank meetings
UK, Japan poised to seal a landmark $24 billion investment and tech partnerships deal
The United Kingdom and Japan are set to agree on an investment deal worth £18 billion ($24 billion) with an aim to create tens of thousands of jobs in both nations.
KPMG study overstates AI adoption in businesses — thanks to AI hallucinations
A KPMG report on how Artificial Intelligence is being used in businesses around the world reportedly exaggerated adoption of the technology with bogus case studies that appear to have been based on what experts are calling 'AI hallucinations'
SpaceX IPO debut not only made Musk a trillionaire but turned 4,000 employees into overnight millionaires
The long-awaited debut of SpaceX on the Nasdaq has not only given the world its first trillionaire, with CEO Elon Musk's wealth skyrocketing, but it has also made 4,000 former and current employees of the company overnight millionaires.
Why France’s ArcelorMittal crisis has shaken Europe’s steel industry
French lawmakers have again backed a proposal to nationalise ArcelorMittal’s local operations, intensifying a debate over whether strategic industries should remain in private hands or come under greater state control amid Europe’s manufacturing slowdown.
‘Literally you’: Musk takes SpaceX public with a promise to send people to the Moon and Mars
As SpaceX begins trading after the world’s biggest IPO, Elon Musk is betting on an ambitious vision where space travel extends beyond astronauts, promising ordinary people a journey to the Moon, Mars and beyond.
ECB’s rate hike sparks global alarm: Will Fed, BoE follow as inflation fears return?
As the Israel-Iran war threatens a fresh energy shock, the European Central Bank’s rate hike has shifted the global debate from rate cuts to renewed tightening, putting the Federal Reserve, Bank of England and other major central banks on inflation watch.
India’s retail inflation rises to 3.93% in May; RBI policy outlook in focus
CPI inflation remained below RBI’s 4% target despite rising from April’s 3.48%, while food inflation accelerated to 4.78%, according to data released by MoSPI on Friday.
India poised for stronger growth as investor pressures ease, AI opportunity widens
Lighthouse Canton says India may have moved past the peak phase of foreign investor outflows, while the country’s relatively lower AI adoption compared with developed markets could create a major productivity and growth opportunity.
France’s inflation headache deepens as prices rise at fastest pace in over two years-
France’s inflation rate jumped to its highest level in more than two years in May, adding to signs that the global fight against rising prices is far from over as energy costs, supply risks and tariff pressures threaten a fresh inflation wave.
The oil shock that wasn’t: How markets outsmarted Hormuz blockade fears
Predictions of an oil market meltdown failed to materialise as South Korea’s trade data showed how global supply chains quickly adapted to disruptions, replacing lost Middle Eastern crude flows with imports from Canada, Malaysia and Russia.
Richer than the richest: Elon Musk becomes the world’s first trillionaire after SpaceX IPO
Elon Musk has become the world's first trillionaire after SpaceX's blockbuster IPO boosted the value of his stake and pushed his net worth beyond $1 trillion, widening the gap between him and every other billionaire
UK GDP falls 0.1% in April, raising fears of second-quarter slowdown
The UK economy contracted by 0.1 per cent in April as rising energy costs and disruptions linked to the Iran conflict weighed on business activity, raising concerns about a broader slowdown in the second quarter
'First sanctions, then waivers': Jaishankar calls out double standards on Russian oil
External Affairs Minister S Jaishankar said the US had encouraged India to buy Russian oil after the Ukraine war to stabilise global markets, while criticising Washington's shifting sanctions policy and Western double standards
After rice, China rejects Indian chilli shipments: Trade tussle afresh?
China has rejected several Indian chilli consignments over pesticide residue concerns and suspended three exporters, raising fears of stricter scrutiny after recent issues involving Indian rice shipments
Sensex jumps nearly 1,000 points, Nifty tops 23,450 as easing West Asia tensions lift market mood
Indian benchmark indices surged in early trade on Friday, with the Sensex rising nearly 1,000 points and the Nifty crossing 23,450, as easing West Asia tensions and falling crude oil prices boosted investor sentiment
India bars bulk users from buying petrol, diesel at retail pumps for 90 days
India has barred industrial, commercial and institutional consumers from buying petrol and diesel at retail fuel stations for up to 90 days, directing them to bulk-sale channels amid a widening retail-bulk price gap and concerns over abnormal fuel demand in some regions
Bangladesh unveils $77 billion budget, targets 6.5% growth despite Moody's downgrade
Bangladesh has unveiled a $77 billion budget for FY27, targeting 6.5 per cent economic growth and lower inflation despite a recent Moody's downgrade and persistent economic challenges
Air India to mark Ahmedabad crash anniversary with two-minute silence for victims
Air India employees across India and the UK will observe a two-minute silence on the first anniversary of the AI171 crash that killed 260 people, as the airline commemorates one of the country's deadliest aviation disasters while the official investigation remains ongoing
One year after Ahmedabad crash, Air India says compensation reaches most victims' families
Nearly a year after the AI171 disaster in Ahmedabad that killed 260 people, Air India says 96 per cent of victims' families have received interim compensation, while final settlements, return of personal belongings and support efforts continue as the crash investigation remains underway
Oil slides to lowest level since April on hopes of US-Iran peace deal
Oil prices fell to a two-month low after Donald Trump said a peace agreement with Iran could be signed this weekend, raising hopes of renewed energy flows through the Strait of Hormuz
Elon Musk's SpaceX pulls off world's largest IPO, valued at $1.77 trillion
SpaceX has completed the world's largest IPO, raising a record $75 billion at a $1.77 trillion valuation as Elon Musk's space and satellite company prepares for its Nasdaq debut
US jobless claims rise above estimates as labour market shows signs of cooling
US initial unemployment claims rose to 229,000 in the week ended June 6, exceeding economists’ expectations, while continuing claims increased, signalling that unemployed workers are taking longer to find jobs.
US inflation alarm grows as energy shock sends producer prices to 3.5-year high
US producer inflation jumped more than expected in May as soaring energy costs pushed prices higher, strengthening expectations that the Federal Reserve may keep interest rates elevated into 2027
OpenAI’s $1 trillion Wall Street dream: Sam Altman eyes IPO debut within a year
ChatGPT maker OpenAI has reportedly filed confidentially for a US IPO as it looks to cash in on the AI investment boom. The listing could value the company at up to $1 trillion, putting it among the biggest public market debuts in history.
Inflation, El Niño risks may disrupt India’s consumption growth and increase fiscal burden by Rs 5 trillion: Report
Rising crude prices, supply chain disruptions and El Niño risks could hurt India’s consumption momentum from Q2 FY27, potentially adding up to Rs 5 trillion to the government’s fiscal burden, according to a Prabhudas Lilladher report.
India’s textile sector enters recovery phase as US tariff uncertainty fades and export outlook improves
Dolat Capital says India’s textile sector is witnessing renewed optimism as US tariff pressure eases, global demand stabilises and upcoming FTAs strengthen the country’s position in global sourcing chains.
Why oil never hit $200? Surge in US exports helped absorb Hormuz supply shock
US crude exports jumped sharply in April 2026, helping stabilise global oil markets after the Strait of Hormuz disruption. Economist Robin Brooks says the surge was not driven only by SPR releases but reflected the resilience of global energy trade.