Wall Street extended its gains on Tuesday, with investors stepping back into equities amid fresh signals that diplomatic efforts could ease tensions in the Middle East, even as corporate earnings remained in sharp focus.The Dow Jones Industrial Average rose 227.05 points, or 0.47%, to 48,445.30, while the S&P 500 gained 32.09 points, or 0.47%, to […]
US wholesale inflation data: Producer prices rise 4% as Iran war fuels energy surge, Fed faces policy dilemma
US wholesale prices rose sharply in March as the Iran war drove up energy costs, adding to inflation pressures and complicating the Federal Reserve’s policy outlook.Producer prices, which measure inflation at the wholesale level before it reaches consumers, rose 0.5% from February and 4% from March 2025, marking the biggest annual increase in more than […]
Middle East crisis: Millions around the world could be pushed into poverty, flags UNDP
What began as a conflict between the US, Iran and Israel, is now sending ripples far beyond the Middle East, spilling across the global economy. According to a report by the United Nations Development Programme (UNDP) the crisis risks pushing nearly 8.8 million people into poverty, with South Asia accounting for the largest share. The […]
Russia’s crude oil export revenues jump to $19 billion in March as Iran war lifts prices
Russia’s oil and fuel export revenues rebounded in March, recovering from February’s lows as global prices surged amid the Iran war, according to the International Energy Agency (IEA).Russia’s revenues from crude oil and refined products rose in March after falling to their lowest level since the start of the Ukraine conflict in 2022 in February, […]
Nissan open to Honda tie-up for stronger India play; bets on AI-led ‘mobility intelligence’ for global growth: CEO Ivan Espinosa
Japanese auto major Nissan on Tuesday said the company is open to explore “options” and may look to work with compatriot Honda for a stronger play in India as the two companies work on strategies to strengthen operations in one of the world’s most high-potential car markets. The statement comes even as the company still […]
Scrambling for financial support: Pakistan eyes Eurobonds, in talks with China & Saudi Arabia after UAE refuses debt roll over
On the sidelines of the IMF and World Bank spring meetings, Finance Minister Muhammad Aurangzeb said Pakistan remains capable of meeting its debt obligations. (AI image) With its finances severely strained, Pakistan is scrambling for options to replace the $3.5 billion facility from the United Arab Emirates and stabilise its foreign exchange reserves. The country […]
UP hikes minimum wages across categories amid Noida protest: What workers will now earn
The Uttar Pradesh government on Tuesday approved an interim hike of around 21% in minimum wages for workers in Gautam Buddh Nagar and Ghaziabad, following large-scale protests by thousands of factory workers in Noida. The fresh minimum wage structure introduced across worker categories, will be taking effect retrospectively from April 1. The agitation, which had […]
Explained: What is Trump trying to do with Strait of Hormuz blockade & what does it mean for Iran & US?
Trump has warned that any ship in international waters that had paid transit fees to Iran could be intercepted. (AI image) The Donald Trump administration has implemented a blockade of the Strait of Hormuz amid the US-Iran ceasefire even as peace talks have failed. What does this blockade of the crucial Strait of Hormuz by […]
Hui Ka Yan, China Evergrande founder, pleads guilty to many charges – here’s what the case is about
In court, China Evergrande Group faced accusations including illegal fundraising through public deposits, fraud, corporate bribery. (AP file photo of Evergrande complex) Hui Ka Yan, the founder of heavily indebted property giant China Evergrande has admitted guilt to multiple offences. These include unlawfully taking public deposits, fraud, and corporate bribery, according to a statement released […]
Oil prices fall below $100 as US–Iran signal fresh talks amid Hormuz blockade
Oil prices eased below the $100 per barrel mark on Tuesday on hopes of easing United States–Iran talks aimed at ending the ongoing war. The news provided some relief amid fears over supply disruptions due to the Strait of Hormuz blockade.Brent crude futures slipped $1.86, or 1.87%, to $97.50, while US West Texas Intermediate (WTI) […]