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The Latest Breaking News from The Economic Times

In 1956, a Cincinnati nursery teacher read about wallpaper putty being used as clay and convinced her brother-in-law to rebrand it as Play-Doh, 2 billion cans later

A humble wallpaper cleaner found new life as Play-Doh. A Cincinnati teacher, Kay Zufall, saw its potential for children's art. Her brother-in-law, Joseph McVicker, rebranded the product. This simple observation transformed a cleaning supply into a global toy phenomenon. Play-Doh's journey highlights how everyday items can gain new identities through…

The Economic Times

Delhi NCR’s next growth story: Four new cities planned as population expected to double

Four new "Namo Cities" will be developed across the NCR with Rs 5,000 crore in central assistance over five years. The existing NCR boundary will remain unchanged despite state concerns. These new urban hubs, selected through a challenge process, aim to manage rapid population growth and promote balanced development.

The Economic Times

AI executives gather at G7 as Europeans seek checks on American dominance

In a rare huddle of AI industry figures, leaders of three of the most powerful AI companies -- OpenAI CEO Sam Altman, Google DeepMind CEO Demis Hassabis and Anthropic CEO Dario Amodei -- are due to attend a working lunch on the theme of "Ensuring a safe, rapid and effective…

The Economic Times

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Burnt bones from Wonderwerk Cave suggest early humans used fire deep inside caves up to 1.8 million years ago

Burnt animal bones discovered deep inside South Africa's Wonderwerk Cave may represent the oldest known evidence of human fire use. Dating back as far as 1.8 million years, the remains suggest early humans may have learned to control fire hundreds of thousands of years earlier than previously believed, potentially reshaping…

The Economic Times

Jairam Ramesh slams Centre, calls Great Nicobar transshipment port "recipe for ecological havoc"

Congress General Secretary Jairam Ramesh criticized the proposed transshipment port on Great Nicobar Island, warning of extensive ecological damage, including the destruction of coral colonies. He questioned the project's implementation and transparency, stating that large-scale relocation as a mitigation measure has historically failed. Ramesh urged scientists to prioritize their convictions…

The Economic Times

PM Modi to disburse incentives worth around Rs 2,400 cr under PM-VBRY on June 19

Prime Minister Modi announced Rs 2,400 crore in incentives under the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY) on June 19. This scheme, launched August 1, 2025, aims to boost formal employment, supporting first-time workers with up to Rs 15,000 and employers with up to Rs 3,000 per additional employee…

The Economic Times

'I'm the boss,' Trump says at G7, as he warms to Ukraine's war aims

Global leaders at the G7 summit in France have united to support Ukraine with fresh sanctions against Russia. President Trump declared 'I'm the boss' as discussions focused on Ukraine's improved battlefield performance. Leaders also addressed economic security, supply chains for critical minerals, and global trade imbalances, particularly concerning China's dominance.…

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Natural gas prices rebound as inventories tighten, LNG exports rise: Motilal Oswal

Natural gas prices are climbing back up. This recovery is driven by lower stored gas, increased power sector use, and more US liquefied natural gas exports. Future growth is expected as new export facilities come online. Data centers are also becoming a new source of demand. The market is seeing…

The Economic Times

Starbucks Korea to shut 2,000 stores to teach history lessons to employees

Starbucks Korea is closing over 2,000 stores for mandatory history and social sensitivity training after a marketing campaign sparked outrage. The "Tank Day" promotion, coinciding with the Gwangju massacre anniversary, led to boycotts and leadership changes. The half-day shutdown on June 22 is expected to cost 2.1 billion won in…

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

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

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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

'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.

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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

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

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

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

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

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.

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