The Trump administration launched a new trade investigation into Germany’s pharmaceutical pricing, escalating transatlantic economic tensions.
Category: Business
US-Iran Nuclear Talks Delayed as Swiss Meeting Cancelled
Planned technical-level talks between the US and Iran in Bürgenstock, Switzerland were called off after JD Vance cancelled his trip, rattling energy markets.
Federal Reserve’s Preferred Inflation Gauge to Be Key Test of Cheaper Oil Impact
Markets are watching the PCE inflation report due this week as falling oil prices may finally be translating into broader price relief in the US.
Jio Platforms Eyes Low-Orbit Satellite Rollout as Starlink Awaits India Approval
Reliance Jio is planning a low-Earth orbit satellite internet service as Elon Musk’s Starlink continues to await regulatory clearance in India.
Homeowners Tap $47 Billion in Home Equity in First Quarter of 2026
Americans drew record home equity in Q1 2026 as rising property values and persistent inflation prompted cash-out borrowing at historic levels.
Indian IT Stocks Slump Up to 7% as Accenture Cuts Revenue Outlook
Accenture’s downward revision of its revenue forecast triggered a sharp sell-off in Indian IT majors including TCS, Infosys and Wipro.
Budget Airline Model in the US Is Running Out of Runway
Analysis suggests low-cost carriers in America are facing structural headwinds including higher fuel costs, labour contracts, and narrowing margin on short routes.
UK Retail Sales Jump 1.2% in May in Surprise Bright Spot for Europe
British shoppers defied economic gloom with a strong spending surge in May, far exceeding analyst forecasts in a week of thin European trading.
SpaceX Stake Worth Over $1 Trillion as Musk Becomes First Trillionaire
Elon Musk’s SpaceX valuation has pushed his personal net worth past $1 trillion, making him the world’s first US-dollar trillionaire.
India Renewable Energy Sector Attracting Record Foreign Investment Amid Global Green Transition
India’s renewable energy sector received record foreign direct investment commitments as global clean energy funds capitalised on the country’s massive clean power buildout.