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The Latest Breaking News from The Economic Times

Donald Trump demands Senate to cancel August break until it passes voting bill

President Trump urged Senator John Thune to cancel the Senate's August break. He wants senators to pass a strict proof-of-citizenship voting bill. Republicans currently lack the necessary votes for this legislation. Thune stated he would support canceling the break if a path forward existed. This dispute complicates the Senate's legislative…

The Economic Times

Weather Dehradun: IMD issues orange alert for heavy rain, schools shut in five Uttarakhand districts

Weather Dehradun, schools closed in Uttarakhand: IMD issues orange alert for heavy rain, schools shut in five Uttarakhand districts - Uttarakhand is witnessing intensified monsoon activity, with the IMD issuing an orange alert for heavy to very heavy rainfall across nine districts. Authorities have advised caution amid flash flood risks,…

The Economic Times

Nifty could deliver low-teen returns as earnings drive next leg of bull market: Anand Rathi AMC

The June-quarter earnings season has now begun, and we will be tracking this closely as results come in, with more insights to follow through the season.

The Economic Times

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US, France trade barbs in fight over UN rights chief's second term

The United States delegation exited a UN Security Council session during France's remarks. This action followed accusations of disingenuous grandstanding over French comments comparing the US to authoritarian states. The dispute arose after a vote on extending the UN rights chief's term, which the US opposed. France criticized Washington for…

The Economic Times

Kapil Sibal donates Rs 1 crore to CJP for students booked over protests

Senior advocate Kapil Sibal has contributed one crore rupees to the CJP fund. This fund will provide legal assistance to protestors arrested by Delhi police. The CJP expressed apprehension about criminal cases being filed against students nationwide. Sibal urged advocates across India to contribute to this important cause. A website…

The Economic Times

Gold slips as firm dollar weighs; focus turns to Fed meeting

Gold prices edged lower as the dollar strengthened, impacting bullion values. Markets are closely watching the Federal Reserve's upcoming policy decision for rate clues. President Trump urged the Federal Reserve to lower interest rates for the United States. China's gold imports via Hong Kong saw a significant year-on-year increase in…

The Economic Times

Oil Price Today (July 28): Crude oil dips 10% in two sessions as US, Iran mull peace talks. What are experts saying?

Brent crude futures were down $0.78, or 1%, at $88 a barrel, while US West Texas Intermediate crude fell $0.88, or 1.1%, to $82. Both benchmarks had dropped 1% earlier in the session, touching their lowest levels in more than a week.

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Sharmila Dhankar's historic gold leads India's ten-medal haul at CWG 2026

India achieved its best Commonwealth Games 2026 performance on Day 5. Sharmila Dhankar won historic gold in women's shot put F57. Several athletes secured silver and bronze medals across various disciplines. Weightlifting contributed three more medals, boosting the overall tally to six. India's medal count reached ten, including two gold,…

The Economic Times

Meta disregarded its own research on teen harm, Tennessee tells jury

The lawsuit, filed by Tennessee Attorney General Jonathan Skrmetti's office, seeks financial penalties and a court order directing Instagram to modify aspects of the platform that the state says are harmful to teens' mental health. If the jury finds the company liable, the trial will enter a second phase before…

The Economic Times

Dollar hits one-month high on lingering chances of Fed hike

The US dollar reached a one-month high as traders considered a potential Federal Reserve rate hike. Falling oil prices offered some relief from inflation concerns, supporting the dollar's strength. Markets are now pricing in a higher chance of a rate increase this week. Other central banks like the Bank of…

The Economic Times

FAA delays flights at New York, Philadelphia airports due to severe weather conditions

Severe weather and air traffic control staffing shortages are impacting flights. The Federal Aviation Administration is slowing air traffic into four major airports. These staffing issues are affecting flights at John F. Kennedy, LaGuardia, and Newark. Flight cancellations and significant ground delays are currently being experienced. The FAA anticipates these…

The Economic Times

Shot fired outside US consulate in Toronto for second time this year

A gunshot was fired outside the U.S. Consulate in Toronto early Monday morning. Police discovered evidence of a weapon being discharged near the building. This incident follows a similar shooting at the same consulate in March. Authorities are investigating the event and reviewing security measures. The U.S. Embassy and consulates…

The Economic Times

Delhi rains: Capital gets showers as IMD issues orange alert; check Noida, Gurugram, Ghaziabad, Faridabad forecast

Delhi rains: Delhi experienced morning rainfall as the IMD issued an orange alert for more showers. Safdarjung recorded 32.4 mm rainfall, while other areas also received significant precipitation. Generally cloudy skies with moderate rain and gusty winds are forecast for the national capital. Temperatures in Delhi are expected to reach…

The Economic Times

Johnson & Johnson reaches $5.5 bn talc settlement that could end decade of litigation

Johnson & Johnson will pay an estimated $5.5 billion to resolve talc product lawsuits. This landmark deal covers approximately seventy-six thousand claims alleging cancer causation. The company previously settled most claims involving asbestos and mesothelioma litigation. Johnson & Johnson expects to pay $3 billion in 2027 and further payments in…

The Economic Times

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More layoffs at Krutrim; PhonePe vs Paytm

Happy Tuesday! Ola’s AI startup Krutrim has conducted another round of layoffs, sources told us. This and more in today’s ETtech Morning Dispatch.

The Economic Times

Mamdani plans to offer 30% discount on meat and produce at city-owned grocery stores

New York City plans government-owned grocery stores to combat rising food prices. These five shops will offer a thirty percent discount on essential items. The first store is expected to open in the Bronx by late 2027. The administration will cover storefronts and associated property costs. This initiative aims to…

The Economic Times

Seats on hundreds of Boeing 737 MAX jets may need inspections, says FAA

The U.S. Federal Aviation Administration has proposed inspections for passenger seats on 453 Boeing 737 MAX aircraft registered in the U.S. after reports of incorrectly installed seat assemblies. The agency warned the issue could cause injuries during emergency landings or obstruct evacuations. Boeing said it supports making its earlier guidance…

The Economic Times

US-Canada bridge opens in Detroit even as trade disputes test the neighbors' ties

A new bridge connecting Canada and the U.S. at Detroit opened Monday to vehicles. Descendants of hockey legend Gordie Howe were among the first to cross the Detroit River. This six-lane span built by Canada offers a less expensive alternative to the Ambassador Bridge. Thousands of trucks carrying goods worth…

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The Economic Times

Oil prices fall 1% as investors weigh pause in US strikes on Iran

Oil prices dropped as market participants assessed a pause in US strikes on Iran. Hopes for a diplomatic solution eased concerns about Middle East energy flows. President Trump indicated positive talks with Iran, but warned of resuming strikes if negotiations fail. Analysts noted reduced traffic through key shipping straits and…

The Economic Times

USTR's Greer says Trump's latest tariffs won't have an economic impact

New US tariffs on forced labor bans will likely have minimal economic impact. These duties cover nearly all American imports from targeted nations. The US is also investigating excess industrial capacity in key countries. This probe could potentially lead to further additional tariffs being imposed. The trade representative defended the…

The Economic Times

Global Market Today: Asian stocks fall on AI jitters, oil extends drop

Asian equities dropped as artificial intelligence spending concerns fueled chipmaker selloffs. Crude oil extended its decline, with Brent slumping significantly on Monday. Investors await policy decisions from the Fed, Bank of Japan, and Bank of England. Earnings from megacap technology companies are also a key focus this week. Geopolitical developments…

The Economic Times

CXMT's 466% listing pop makes it China's most valuable firm

CXMT Corp shares surged 466 percent on their Shanghai trading debut. This IPO became Asia's largest this year, boosting the chipmaker's valuation. The company is now China's most valuable listed firm, surpassing a major bank. Investor interest stems from exposure to the current memory supercycle. This strong performance occurred despite…

The Economic Times

US looks to boost anti-China spending worldwide by hundreds of millions, documents say

The Trump administration plans significant funding increases for programs countering China's global influence. Hundreds of millions will be spent to replace aging undersea cables in Central America. This initiative aims to prevent Chinese expansion and secure US interests abroad. The administration is also considering broader spending across multiple continents. These…

The Economic Times

US, India expanding cooperation in defence, civil nuclear sector, says senior US official

The United States and India are expanding defense and civil nuclear cooperation. Trusted AI and emerging technologies are being adopted to power their economies. India has acquired numerous US defense equipment since 2002. American nuclear power companies are exploring civil nuclear sector collaboration. This engagement strengthens supply chains critical to…

The Economic Times

Quote of the day by Michael Jackson, 'When I see children, I see the face of God. That's why I love them so much. That's what I see' shows psychology behind children perceived as Almighty's messenger, teaches timeless inspiring heartfelt life lesson on learning from children's innocence

Michael Jackson's quote is about recognizing the extraordinary value of human life at its earliest stage. By nurturing children with kindness, patience, and opportunity, we strengthen families, communities, and the future itself. Perhaps that is why these heartfelt words continue to inspire people across generations: they remind us that the…

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