Deepanshu Kaushik, a 28-year-old account executive, is trapped in a punishing EMI cycle.With a monthly salary of ₹40,000, nearly half, about ₹18,000, vanishes on EMIs for personal loans and credit cards, leaving too little to cover rent, groceries, school fees, and medical needs for his wife and daughter.Unexpected expenses push…
Rolls-Royce share price has surged this year and is hovering near its all-time high as demand for its engines continues rising. It rose to 1,090p on Monday, a few points below the year-to-date high of 1,110p. It has also jumped by 96% from its lowest level in April. From a burning…
In a significant development for international finance and energy markets, Chinese rating agency CSCI Pengyuan has assigned a domestic triple-A rating to Gazprom, Russia’s state-controlled oil and gas conglomerate. This top-tier rating, announced on Friday, comes amid growing speculation and media reports suggesting that Beijing is actively preparing to grant major…
China’s exports to the United States plunged 33% in August compared to a year earlier, as tighter scrutiny on rerouted shipments and fading effects of frontloaded exports weighed on trade. Imports from the US also fell 16% during the same period, underscoring the continued strain in the world’s largest bilateral…
Bloomberg reports, Turkey has sharply revised its economy, signalling a policy shift that places price stability ahead of rapid growth. The government’s new Medium-Term Program, unveiled on Sunday, projects gross domestic product (GDP) to expand 3.3% in 2025, lower than the 4% growth target set a year earlier.The 2026 forecast…
If you zoom out, the US economy has been undisputedly resilient, pretty much ever since the global financial crisis in 2008. The last few years have been more controversial however. Technical recessions, vibecessions, high inflation, low inflation. Investors have seen it all. The market is both going to crash or…
Apple will host its annual product showcase on Tuesday, September 9, unveiling the iPhone 17 lineup alongside new Apple Watches and AirPods Pro 3. The launch is widely viewed as part of a three-year redesign cycle, culminating in Apple’s first foldable iPhone in 2026, according to Bloomberg’s Mark Gurman.Investors and…
Deepanshu Kaushik, a 28-year-old account executive, is trapped in a punishing EMI cycle.With a monthly salary of ₹40,000, nearly half, about ₹18,000, vanishes on EMIs for personal loans and credit cards, leaving too little to cover rent, groceries, school fees, and medical needs for his wife and daughter.Unexpected expenses push…
France’s Prime Minister François Bayrou faces a crucial confidence motion in the National Assembly on September 8, a test that could decide the survival of his government. The vote, which he himself called a “clarification,” is centred on his plan to narrow France’s fiscal deficit, now the widest in the…
Oil prices rose 2% on Monday after the Organization of the Petroleum Exporting Countries and allies announced a smaller hike in production for October. Concerns of supply disruptions from possible sanctions against Russian oil exports also buoyed sentiments in the market. At the time of writing, the price of West Texas Intermediate…