Noted Leftist historian K N Panikkar, who critiqued colonial historiography’s simplistic view of culture and highlighted how indigenous intellectuals offered an alternative paradigm of modernity, passed away at a private hospital in Thiruvananthapuram on Monday. He would have turned 90 next month.Panikkar, affectionately called KN by his colleagues, belonged to a select group of historians…
Check out the companies making headlines before the bell. Oil stocks – Oil stocks traded higher as the commodity surged due to the ongoing Iran War. U.S. crude briefly topped $110 per barrel overnight, hitting levels not seen since mid-2022. Talos Energy rose 5%, while Northern Oil and Gas and ConocoPhillips gained 3% and 2%,…
US stock markets tumbled on Monday as a sharp spike in oil prices following the Middle East conflict rattled investors and raised fears about the resilience of the global economy.The S&P 500 fell 1.3%, coming off its worst week since October. The Dow Jones Industrial Average dropped 721 points, or 1.5%, to 9:35 a.m. Eastern…
Crypto assets traded higher during the U.S. session on Monday, rebounding from sharp overnight losses that had brought bitcoin BTC$68,153.83 down to nearly $65,000. Bitcoin was trading just shy of $69,000 at midday up 2.5% over the past 24 hours, while ether (ETH) reclaimed the $2,000 level, ahead 4% over the same time period. Among…
India will not participate in the International Energy Agency’s (IEA) proposal to release strategic petroleum reserves to stabilise global oil markets, government sources said on Monday, even as crude prices surge amid the escalating Middle East conflict, reported PTI.The decision comes as G7 nations consider coordinated releases of emergency oil reserves to calm markets after…
Professional investors are reshuffling portfolios as crude oil surges past $100 a barrel , rotating into sectors tied to commodities while adding hedges against the risk that geopolitical tensions could trigger a broader economic shock. The jump in energy prices tied to the Middle East conflict is prompting money managers to rethink positioning. Many say…
US President Donald Trump on Tuesday said that he would remove “some oil sanctions” to reduce the soaring prices as the crude cost hit $100 a barrel amid Iran war.“We’re also waiving certain oil-related sanctions to reduce prices,” he said addressing reporters. “We’re going to take those sanctions off till this straightens out,” he added.Moreover,…
Urges Experts, Policymakers To Work On New Training Models NEW DELHI: PM Narendra Modi on Monday highlighted the growing importance of the care economy and telemedicine in strengthening India’s healthcare system, saying both sectors will play a key role in expanding services and creating new employment opportunities in the coming years.Addressing the fourth post-Budget webinar…
NEW DELHI: The government has directed oil refineries to increase the production of liquefied petroleum gas (LPG) and divert the additional output for domestic household use in view of geopolitical disruptions affecting fuel supplies, Ministry of Petroleum and Natural Gas announceed on Monday.The move comes amid constraints in LPG availability due to global supply pressures,…
Oil prices surged to $120 a barrel before retreating to $102 Monday as Saudi Arabia was reported to be cutting output, adding to the supply squeeze due to disruption in the Strait of Hormuz.Finance ministers of developed G7 nations, who met Monday evening, deferred plans to tap their strategic reserves to cool down the global…
