The European Union has agreed on a timeline to completely halt Russian gas imports by autumn 2027, marking a significant escalation in efforts to curb Moscow’s energy revenues as the war in Ukraine approaches its fourth year.The agreement was reached during overnight talks between EU institutions and national governments, ending months of negotiations over how…
The rupee plunged to a historic low on Wednesday, slipping past the 90-per-dollar threshold for the first time amid foreign fund outflows, firm crude oil prices and uncertainty around the India–US trade deal, according to PTI. The lack of visible RBI intervention through most of the session added to market pressure, forex traders said.At the…
NEW DELHI: Rupee extended its slide on Wednesday, dropping another 9 paise to touch a fresh all-time low of Rs 90.05 against the US dollar in early trade. The currency has been weakening steadily since the start of the week, though a softer dollar index and easing global crude oil prices helped prevent a deeper…
India’s exports to the United States have dropped sharply over the last five months after the US increased import tariffs on Indian goods, doubling them from 25% to 50%. A report by the Global Trade Research Initiative (GTRI) shows that exports fell 28.5%, from $8.83 billion in May 2025 to $6.31 billion in October 2025….
The U.K. now formally recognizes cryptocurrency as property following the passing of a new law this week. The Property (Digital Assets etc) Act received Royal Assent, the final step of an act becoming law after being passed by Parliament. The act, approved by King Charles on Tuesday, was designed to modernize property law to take…
India’s services sector regained momentum in November as firms reported a quicker rise in new business and only mild price pressures, helping the industry rebound after losing pace in October, according to PTI. The latest HSBC India Services PMI survey showed a broad improvement in operating conditions, supported by stronger domestic demand.The seasonally adjusted HSBC…
BENGALURU: Biomoneta has become the first Indian healthtech company to receive US-FDA 510(k) Class II clearance for a medical air-cleaning device, marking a key milestone in its efforts to expand into the US healthcare market.“The clearance covers the Biomoneta Avata Rx Medical Recirculating Air Cleaner, which is built on the company’s patented ZeBox technology. Unlike…
The unprecedented decline in the rupee’s value against the US dollar contributed to the increased precious metal prices. (AI image) Silver price today: Silver prices continued to rally on Wednesday, with the precious metal hitting a new high of Rs 1,84,727 per kilogram. This is an increase of Rs 3,126, whilst gold futures climbed to…
On Wednesday, the rupee reached a historic low of 90.30 against the US dollar during intra-day trading. (AI image) Rupee has breached the 90 mark versus the US dollar for the first time ever, but the currency’s depreciation is not troubling the government. Chief Economic Adviser V Anantha Nageswaran on Wednesday said that the government…
Taiwan could see its first locally issued stablecoin go live in the second half of 2026, though regulators have not yet decided on the currency the token will be tied to. Local media in Taiwan report Financial Supervisory Commission Chair Peng Jin-long told lawmakers this week that the draft Virtual Assets Service Act has cleared…
