News that keep you updated
The US economy unexpectedly shed jobs in February, marking a sharp reversal from the previous month and raising fresh concerns about the strength of the labour market.Data released by the US Labor Department on Friday showed the world’s largest economy lost 92,000 jobs in February, compared with job growth of 126,000 in January, reported AFP.The…
The United States has said its decision to grant India a temporary waiver to purchase certain Russian oil supplies is a short-term move aimed at stabilising global crude prices amid supply disruptions linked to tensions in the Middle East.US energy secretary Chris Wright said the measure is intended to quickly bring oil stored in floating…
In Dubai, traders have begun offering gold at discounts of up to $30 per ounce compared with the benchmark price in London. (AI image) US-Irasel-Iran war impact on gold prices: In UAE’s Dubai, which finds itself in the midst of the escalating Middle East crisis, the yellow metal is now available at very steep discounts….
The Reserve Bank of India (RBI) has proposed changes to its framework on customer liability in digital banking frauds, aiming to widen protection for users and ensure quicker resolution of complaints related to unauthorised electronic transactions.The central bank on Friday issued draft amendment directions and invited comments from stakeholders and members of the public by…
The upcoming Noida International Airport in Jewar has received its aerodrome licence from the Directorate General of Civil Aviation (DGCA), clearing a key regulatory hurdle and bringing the project closer to the start of flight operations.The development was confirmed by Rakesh Kumar Singh, chief executive officer of Noida International Airport Limited (NIAL) and the Yamuna…
Hyderabad: India’s pharmaceutical sector is staring at potential losses of Rs 2,500– Rs 5,000 crore if March exports to the Gulf Cooperation Council (GCC) and the wider West Asia and North Africa (WANA) are completely disrupted by the ongoing West Asia conflict, which is intensifying pressure on freight, shipping routes, and delivery schedules, according to…
FILE -The Daily Telegraph newspaper with the front page of French President Emanuel Macron is seen at a supermarket in London, March 21, 2024. (AP Photo/Kin Cheung, File) German media conglomerate Axel Springer announced Friday that it was purchasing the UK’s Telegraph Media Group for £575 million, in a proposed deal subject to approval by…
US stocks fell sharply on Friday as surging oil prices and disappointing economic data fuelled concerns about a potential stagflation scenario, where slowing growth combines with rising inflation.The S&P 500 dropped 1.6%, while the Dow Jones Industrial Average fell 909 points, or 1.9%, to 48,338.36 as of 9:35 am Eastern Time, AP reported. The Nasdaq…
Global oil prices surged on Friday as the conflict in West Asia intensified, pushing benchmark crude above the $90 mark amid fears of further supply disruptions.The Brent North Sea crude, the international oil benchmark, rose more than 5% to $90.25 per barrel, its highest level since April 2024, AFP reported.The US benchmark West Texas Intermediate…
Indian refiners are currently paying a premium of $2 to $4 per barrel above Dated Brent for deliveries of Russia’s benchmark Urals crude. (AI image) In a quick and immediate fix to the Middle East oil supply shock, Indian refiners have begun purchasing readily available Russian crude oil. With ships and tankers currently not moving…
