Economy

An aviation fuel tanker refuelling an aircraft, illustrating jet fuel supply

India Raises Diesel and Jet Fuel Export Taxes Even as Crude Prices Fall

India raised export duties on aviation turbine fuel and diesel from June 16 while leaving petrol untouched, a move that looks backward until you stop watching crude. With oil prices falling after

June 18, 2026

by Economy Desk

Electronic board showing Nikkei 225 stock prices in Tokyo as chip stocks rally on the US-Iran ceasefire

Chipmakers Lead a Global Tech Rally as the Iran War Premium Drains Out of Markets

A war that had hung over every chip stock for weeks came off the screens on Monday, and the money rushed back. SoftBank jumped as much as 12 percent, TSMC and Samsung climbed, oil sank below $83 and Nasdaq futures

June 18, 2026

by Economy Desk

Trump Rejects $300 Billion Iran Fund Reports Ahead of US-Iran Deal

Trump Rejects Reports of $300 Billion Iran Fund as Questions Swirl Over US-Tehran Deal

US President Donald Trump on Wednesday dismissed reports that a $300 billion fund would be established

Elon Musk after SpaceX IPO as his net worth surpasses Bitcoin market capitalization

Elon Musk’s Net Worth Surpasses Bitcoin’s Entire Market Value After SpaceX IPO Rally

Elon Musk has achieved another unprecedented financial milestone, with his personal fortune now exceeding the entire

Oil Prices Fall as Strait of Hormuz Tensions Ease

Oil prices extend sharp decline as Strait of Hormuz reopening and US-Iran peace hopes shake global energy markets

Global oil markets extended their downward trajectory as crude benchmarks continued to weaken amid rising expectations that geopolitical tensions in the Middle East may ease. Traders are increasingly reacting to signals suggesting

June 17, 2026

Business·Conflicts, Military and War·Economy·Government and Politics

UK inflation remains at 2.8 percent as fuel prices rise and Bank of England monitors economic impact in 2026

UK Inflation Holds at 2.8% Despite Rising Fuel Costs, Surprising Economists Ahead of Bank of England Decision

The United Kingdom’s inflation rate remained unchanged at 2.8% in May, delivering an unexpected boost to policymakers and households as economists had widely anticipated a fresh rise in price pressures. The latest

June 17, 2026

Business·Economy

ConocoPhillips executives attend Syria gas fields development agreement in Damascus

US Oil Giant ConocoPhillips to Sign Contract With Syria to Develop Gas Fields – Reports

The US oil and gas giant ConocoPhillips is set to sign a contract with Syria aimed at expanding existing gas fields and exploring new reserves, according to a Financial Times reported, in

June 16, 2026

Business·Economy·News

Container ships and stacked cargo containers at a port, illustrating India's record May merchandise exports

India Posts Record $45.2bn in May Exports, but the Import Bill Grows Faster

India's merchandise exports hit an all-time monthly high of $45.2 billion in May, an 18 percent jump. But a sharper rise in oil and gold imports widened the goods trade deficit, leaving

June 16, 2026

Business·Economy·News

Nvidia Endeavor headquarters building in Santa Clara, California

Nvidia Borrows $25 Billion, Joining the Customers It Sells AI Chips To

Nvidia sold $25 billion of bonds, its first investment-grade offering in five years, and investors put in $85 billion of orders. The company that profits most from the AI boom is now

June 16, 2026

Business·Economy·News·Technology

A sneaker store interior, illustrating the Accent Group footwear retail takeover bid

Mike Ashley’s Frasers Bids A$316m for the Rest of Australia’s Accent Group

Mike Ashley's Frasers Group has launched a A$316 million on-market bid for the rest of Australia's Accent Group, the footwear retailer behind Platypus and The Athlete's Foot. Analysts doubt the offer is

June 16, 2026

Business·Deals·Economy·News

A Bell Canada central office building, illustrating BCE job cuts

Bell’s Parent BCE Cuts Another 690 Jobs in the Name of ‘Sustainable Growth’

BCE, the parent of Bell, is cutting roughly 690 jobs, about one per cent of its workforce, the latest round in a restructuring aimed at 1.5 billion dollars in savings by 2028.

June 16, 2026

Business·Economy·News

Micron Technology MU stock Wall Street price target upgrade cascade June 2026 semiconductor

Six Wall Street Firms Raise Micron Targets on the Same Day. That’s the Risk, Not the Rally.

Six Wall Street firms raised Micron price targets simultaneously on June 15 as MU surged over 8 percent. The upgrade cascade validates the AI memory thesis — and raises the June 24

June 15, 2026

Business·Economy·News·Technology

Gold bars representing Russia's central bank gold reserve sales and citizen gold purchases in 2026

Russia’s Citizen Gold Rush Meets a 27% Price Crash — and a State That Was Selling All Along

Russian households bought a record 50 tonnes of gold in 2025, trusting financial advisers who called it the safest asset available. Then the price dropped nearly 27 percent, and it emerged the

June 15, 2026

Business·Economy·News

Chinese Finance Minister Lan Fo'an speaks at press conference on China government debt fiscal policy Beijing

China’s Debt Crosses 100 Trillion Yuan, But the Cost of Carrying It Is the Story No One Is Telling

China's government debt has crossed 100 trillion yuan for the first time, but the headline obscures a more uncomfortable truth: Beijing is now spending nearly a fifth of its central budget servicing

June 15, 2026

Business·Economy·News

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Economy

India Raises Diesel and Jet Fuel Export Taxes Even as Crude Prices Fall

Chipmakers Lead a Global Tech Rally as the Iran War Premium Drains Out of Markets

Trump Rejects Reports of $300 Billion Iran Fund as Questions Swirl Over US-Tehran Deal

Elon Musk’s Net Worth Surpasses Bitcoin’s Entire Market Value After SpaceX IPO Rally

Oil prices extend sharp decline as Strait of Hormuz reopening and US-Iran peace hopes shake global energy markets

UK Inflation Holds at 2.8% Despite Rising Fuel Costs, Surprising Economists Ahead of Bank of England Decision

US Oil Giant ConocoPhillips to Sign Contract With Syria to Develop Gas Fields – Reports

India Posts Record $45.2bn in May Exports, but the Import Bill Grows Faster

Nvidia Borrows $25 Billion, Joining the Customers It Sells AI Chips To

Mike Ashley’s Frasers Bids A$316m for the Rest of Australia’s Accent Group

Bell’s Parent BCE Cuts Another 690 Jobs in the Name of ‘Sustainable Growth’

Six Wall Street Firms Raise Micron Targets on the Same Day. That’s the Risk, Not the Rally.

Russia’s Citizen Gold Rush Meets a 27% Price Crash — and a State That Was Selling All Along

China’s Debt Crosses 100 Trillion Yuan, But the Cost of Carrying It Is the Story No One Is Telling

Radical Islam is being appreciated by Indian authorities too

Bangladesh; India’s Biggest Ally or China’s Dragon Nest?

Ahmadis in Bangladesh face fresh threat of persecution

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