Strait trouble: Global oil tanks running dry at unprecedented pace as Hormuz remains choked

Oil pipelines across the globe are running dry, depleting at an unprecedented rate as the ongoing Iran war severely disrupts crude flows from the Persian Gulf, rapidly eroding the buffer that usually protects markets from supply shocks.The sharp fall in inventories has triggered rising concern across governments and energy markets, with the loss of more…

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Another lost trekking season in Kashmir | India News

SRINAGAR: For nearly two decades, adventure tourism transformed Kashmir’s mountains into a magnet for high-end domestic tourists and foreign visitors. Trekkers crossed alpine meadows, glacier-fed valleys and mountaineers climbed Kolahoi peak, turning the sector into one of the Valley’s fastest-growing tourism industries. Much of that activity has now fallen silent.After last year’s Pahalgam terror attack…

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BlackRock deepens tokenization push with new onchain fund offerings

BlackRock (BK), the world’s largest asset manager, overseeing $14 trillion in assets, is deepening its push into tokenized finance with a pair of new filings tied to blockchain-based U.S. Treasury and money-market funds. In a Friday filing with the U.S. Securities and Exchange Commission (SEC), the asset management giant proposed launching the BlackRock Daily Reinvestment…

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CBI searches at 17 sites in cases linked to ADAG | India News

NEW DELHI: Central Bureau of Investigation (CBI) on Saturday conducted searches at 17 locations in Mumbai in connection with three cases registered against Reliance ADA Group companies, Reliance Telecom Limited, Reliance Commercial Finance Limited and Reliance Home Finance Limited and their directors.According to CBI, the searches were carried out at the residential premises of directors…

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How DeFi is changing the financial landscape for Latin Americans

For decades, Latin Americans have lived with financial constraints that citizens of more developed economies rarely think about: periodic currency devaluations, inflation shocks, limited access to credit and banking systems that often fail to reward savers. A new layer of innovation is now reshaping the region’s financial landscape. Decentralized finance — DeFi — is quietly…

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