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The Latest Breaking News from The Economic Times

"Growth for whom, with whom, in what direction?" : PM Modi challenges conventional economic metrics at G7 Summit

At the 2026 G7 Summit in France, PM Narendra Modi shared insights on X calling for inclusive global economic growth. His schedule includes a trilateral EU meeting, talks with German Chancellor Merz, discussions on AI safety, and a high-stakes bilateral meeting with US President Donald Trump focusing on trade and…

The Economic Times

China to support IPOs by 'future industry' startups, large model companies

The announcements came after China's top securities regulator vowed to "actively embrace" a new phase of technological revolution and industrial upgrades. The move also comes as Wall Street is hosting major initial public offerings from SpaceX, OpenAI and Anthropic.

The Economic Times

Rupee closes flat at 94.52 vs USD as oil-led rally faces off against dollar demand; Fed verdict looms

The Indian rupee closed almost flat against the US dollar on Wednesday. Earlier gains were erased as corporate and importer demand for dollars increased. A significant drop in oil prices had initially boosted the rupee. Market focus now shifts to the US Federal Reserve's policy decision. Commentary from the Fed…

The Economic Times

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Germany's Freelance Visa explained: Who can apply, eligibility criteria, documents required and how the process works

Germany's Freelance Visa offers a pathway for foreign nationals to live and work independently, catering to both 'Freiberufler' (liberal professionals) and 'Selbständiger' (business owners). Applicants must prove financial stability, genuine work intent, and secure accommodation. The process involves application, potential interviews, and post-arrival registration with the tax office.

The Economic Times

Adidas runs out of letter 'V' as German fans snap up World Cup shirts

Replica World Cup shirts for German players faced a temporary shortage of the letter 'V'. High fan demand for shirts of Kai Havertz, Deniz Undav, and Aleksandar Pavlovic depleted supplies. Adidas confirmed the issue was quickly resolved. Football tops with the letter 'V' are now available again online. The German…

The Economic Times

Iran will reopen Strait of Hormuz and can sell oil freely under deal with US, according to leaks

A tentative deal between Iran and the U.S. will reopen the Strait of Hormuz, a vital oil passage. Iran will be allowed to sell its oil without restrictions. The agreement also includes significant financial aid for Iran's reconstruction. This accord sets the stage for further negotiations on Iran's nuclear program…

The Economic Times

Mumbai rations water supply as June rainfall hits 12-year low

Mumbai faces its driest June in over a decade. Water supply to construction sites is cut. Industrial usage is reduced by 20%. Reservoir levels are critically low, holding only 40 days of water. This measure comes as Maharashtra receives significantly less rainfall than average. Monsoon rains are now expected later…

The Economic Times

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'We did it': Modi, Starmer caught on mic hinting at breakthrough in UK-India trade deal

Prime Minister Narendra Modi and UK Prime Minister Keir Starmer were overheard at the G7 summit appearing to confirm a breakthrough in implementing the UK-India trade deal. Their exchange suggests outstanding issues, potentially including steel safeguard measures, have been resolved, paving the way for the agreement's early entry into force.

The Economic Times

Pizza Hut: From $600 loan to 20,000 stores and the new $2.7 billion twist for the global empire

Pizza Hut, a nearly 70-year-old American icon, has been split in a $2.7 billion deal. Yum Brands is selling its international business outside China to LongRange Capital, while Yum China acquires the China operations. This division highlights Pizza Hut's contrasting fortunes globally and in China.

The Economic Times

Tata Motors PV shares plunge 10% after weaker than expected JLR FY27 guidance

Tata Motors Passenger Vehicles shares dropped significantly. This followed Jaguar Land Rover's investor day where its financial outlook for fiscal year 2027 was revealed. Profitability guidance fell short of analyst expectations. JLR projects revenue growth and improved EBIT margins. North America remains a key focus for future growth. The company…

The Economic Times

Google rolls out Android 17: New AI tools, Screen Reactions, Gemini upgrades, privacy features and more

Google's Android 17 update brings a host of new features, including enhanced multitasking with 'Bubbles' and simplified content creation via 'Screen Reactions'. Gemini now offers music generation, while foldables get a dedicated gaming mode. Privacy sees improvements with a new contact picker, and India gains Manual Call Screen. Expect a…

The Economic Times

TMC leader Udayan Guha arrested in Kolkata's Phoolbagan

Former TMC MLA Udayan Guha was arrested in Kolkata, escalating political tensions. Meanwhile, Lok Sabha Speaker Om Birla summoned TMC leader Abhishek Banerjee to discuss 20 rebel MPs who merged with the NCPI, seeking separate parliamentary seating. Banerjee, previously unavailable due to ED questioning, will now meet the Speaker on…

The Economic Times

President Donald Trump suspends US intel chief Senate confirmation

US President Donald Trump has suspended a Senate hearing on Jay Clayton's nomination for intelligence chief, saying on Wednesday he wanted to be sure Clayton's current post as prosecutor will be filled by the man of his choosing. " DNI today, and will not be going forward until Jamie McDonald…

The Economic Times

Benjamin Netanyahu, Israel's arch-survivor, set to face voter fury over Iran deal

Benjamin Netanyahu's grip on power is weakening. Facing corruption charges and criticism over security lapses, he now confronts voters' judgment on his handling of recent conflicts and Israel's U.S. alliance. Despite opinion polls suggesting a loss, Netanyahu's political resilience remains a factor. His legacy is increasingly debated as the region's…

The Economic Times

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From smoking to soccer: Hot mics at the G7 capture world leaders' chats between weighty topics

G7 leaders at the summit in Evian-les-Bains engaged in candid off-the-cuff conversations captured by hot mics, discussing sports, personal habits, and even a cryptic remark about Greenland. Moments included Trump's 'I'm the boss!' declaration, Meloni's successful quit from smoking, and discussions about soccer and gift exchanges.

The Economic Times

Harsh Goenka is inspired by Tamil Nadu teen who turned a street-side problem into an invention praised by PM Modi, Joe Biden and Prince Williams

A young inventor from Tamil Nadu, Vinisha Umashankar, developed a solar-powered ironing cart to replace polluting charcoal irons. Her innovation, inspired by observing street vendors, gained global attention and was recognized by leaders like Joe Biden and Prince William. Vinisha's journey highlights how everyday observations can lead to impactful environmental…

The Economic Times

Death rate in ICE immigrant detention centers more than doubles under Trump, Reuters analysis finds

Fifty individuals have died in U.S. immigration detention since January 2025, a rate that has more than doubled since 2009. Concerns are rising about the quality of medical care and supervision in detention centers, with many deaths involving individuals with pre-existing conditions or those found unresponsive.

The Economic Times

Psychology says people who say goodbye multiple times before leaving aren't indecisive, they may be protecting something deeper in their relationships

Psychology suggests that everyday habits often reflect deeper emotional needs. Saying goodbye multiple times is rarely a sign of indecision; more often, it is an expression of connection and a desire to prolong meaningful interactions.

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The Economic Times

US not 'pulling away' from allies by cutting NATO commitments: Mark Rutte

United States is reducing its military assets pledged to NATO. NATO chief Mark Rutte stated this is not a US withdrawal but an adjustment. European nations are expected to assume greater responsibility for their own defence. This move comes as NATO leaders prepare for a summit with US President Donald…

The Economic Times

Japan's Nikkei closes at record high near 70,000 on AI boost

Japan's Nikkei share index hit a new record high for the third day running on Wednesday. The index closed just below the 70,000 mark. Easing Middle East conflict worries and strong buying in AI stocks boosted the market. Investors are also awaiting the US Federal Reserve's policy decision. Oil prices…

The Economic Times

Australia shares close at two‑month high on Middle East optimism

The Australian stock market experienced a remarkable uplift on Wednesday, reaching a two-month peak, thanks to the impressive performances of mining and banking stocks. Investors breathed a sigh of relief as news of a tentative agreement aimed at resolving the conflict in the Middle East emerged.

The Economic Times

Why a strong El Niño leaves tropical commodities acutely exposed

Forecasters anticipate a strong El Nino developing later this year, likely boosting global temperatures and disrupting rainfall patterns. This poses significant risks to soft commodities like cocoa, coffee, and sugar, particularly those grown in tropical regions. Past El Nino events have historically led to reduced yields and price surges for…

The Economic Times

As oil roundtrips, AI booms, and US consumers spend, economists' Fed outlooks hit the extremes

Economists are divided on the U.S. economic outlook, with some predicting rate cuts due to consumer weakness and falling real wages, while others foresee hikes amid strong growth and inflation. Geopolitical tensions, oil price volatility, and AI investment add to the uncertainty. The Federal Reserve faces a complex decision on…

The Economic Times

Global Markets| European shares flat as investors await Iran deal details, Fed policy; BMW slides

European markets held firm today, with investors keenly awaiting developments regarding potential peace talks between the U.S. and Iran, alongside insights into the Federal Reserve's monetary policy. While automotive shares took a hit after BMW issued a profit warning, gains in the tech and defense sectors offered some cushion to…

The Economic Times

NSE to file IPO by this week? IFCI shares rally 8% to record high; LIC, SBI, other stocks rise up to 2%

IFCI shares surged to a fresh 52-week high amid expectations that NSE could file its IPO papers this week. Investors cheered IFCI's indirect exposure to the exchange through Stock Holding Corporation, while optimism around NSE's potential listing boosted sentiment.

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