India’s June quarter GDP growth at 6.7% amid US tariffs risk
India’s economy expanded at a steady pace in the June quarter, supported by an early monsoon and accelerated exports to the US before new tariffs took effect. According to Bloomberg,…
Economy
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Platinum miners face profit squeeze amid low prices and rising costs
Northam Platinum CEO Paul Dunne stated on Friday that despite a recent rally, platinum prices remain too low to support new production, even though the increase has provided some relief…
India’s gold demand rises ahead of festive season even as prices rebound
In India, the demand for physical gold experienced a slight increase this week, even as prices rebounded. This uptick in demand was primarily driven by jewellers replenishing their inventories in anticipation…
India’s tariff shock: a test of resilience or the chance to reinvent its economy?
India’s economy entered 2025 with momentum few emerging markets could match. Extreme poverty had nearly vanished, an S&P sovereign credit upgrade had lowered capital costs, and GDP growth was running…
UK weighs National Insurance on rental income as Reeves seeks to fill £40 bn gap
The UK government is weighing up a controversial new tax measure that would see landlords pay National Insurance contributions (NICs) on rental income, as Chancellor Rachel Reeves searches for ways…
Pernod Ricard shares climb as sales, profit beat forecasts: will the rally sustain?
Shares in French spirits group Pernod Ricard rose by more than 5.7% on Thursday after the company reported a smaller-than-expected fall in annual sales and profit, while offering guidance that…
Iranian rial crashes to record low amid EU’s sanctions threat
Iran’s embattled currency, the rial, slumped below the psychological barrier of one million to the dollar on Thursday, reaching a new record low as traders and ordinary Iranians brace for…
Why are cocoa prices falling sharply as market approaches year’s low
On Friday, the price of cocoa on the Intercontinental Exchange (ICE) in New York experienced a significant drop, falling below the $7,500 per ton threshold. This decline brings the commodity’s price…
An inflation ambush: Australia’s 2.8% price spike shatters rate-cut hopes
A brutal inflation surprise has sent a jolt through the Australian economy, as consumer prices jumped far more than expected in July, dealing a significant blow to hopes for another…
How Trump’s crushing 50% tariff is upending a decades-long alliance with India
In a stunning and punitive move, President Donald Trump has brought down a crushing 50 percent tariff on Indian goods, a direct punishment for the country’s continued purchase of Russian…