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The Latest Breaking News from The Economic Times

Are the world’s freshwater sources vanishing before our eyes? Satellite images reveal an appalling global water crisis

Global freshwater sources are alarmingly diminishing, with satellite images revealing 10 critical locations experiencing severe water loss. From South America's Parana River to Uzbekistan's Aral Sea, continental drying, driven by climate change and unsustainable practices, is impacting millions and threatening ecosystems. This urgent crisis demands immediate attention and action.

The Economic Times

US retail sales beat expectations in May as energy costs stay high

US retail sales significantly exceeded expectations in May, climbing 0.9 percent to $763.7 billion, driven by a substantial 3.4 percent increase in spending at gas stations. This surge, fueled by elevated energy costs due to the Middle East war, indicates robust consumer spending despite inflation pressures.

The Economic Times

EU chases tech independence but gaps remain

Europe wants more homegrown tech to cut its dependencies on the United States and China, but the EU warned Wednesday the bloc has more work to do. But to achieve this objective, the EU must bring electricity costs down relative to the United States and China where energy prices are…

The Economic Times

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Quantum tech firm EigenQ to go public in $3 billion SPAC deal

Quantum tech firm EigenQ is set to go public through a merger with Silicon Valley Acquisition. The deal values EigenQ at approximately $3 billion. EigenQ specializes in cybersecurity systems designed to protect against future quantum computer attacks. This technology, known as post-quantum cryptography, will ensure long-term data security. The company…

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 have united in their support for Ukraine, vowing new sanctions against Russia. President Trump indicated a stronger position on Ukraine's battlefield gains. Discussions also focused on critical minerals and economic imbalances. Trump emphasized that a preliminary Iran deal is not final and could be…

The Economic Times

After war losses, Hezbollah seen gaining from Iran-US deal

Iran's deal with the U.S. is expected to boost Hezbollah's finances and political standing in Lebanon. Tehran has promised more funding to its ally once assets are unfrozen. This infusion could help Hezbollah recover from war losses and challenge Israel. The agreement aims to halt hostilities, including in Lebanon. Hezbollah's…

The Economic Times

Steven Schwartz, Whop founder who sold water on China's streets, created 650 millionaires. Meet the 26-year-old grabbing headlines

Steven Schwartz, a 26-year-old entrepreneur, co-founded Whop, a social commerce platform now valued at $1.6 billion. He once sold water on the streets of China and today, he is the head of one of the fastest-growing digital commerce platforms in the world. His idea is to make work more fun.

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Digital systems secure, says Axis Bank amid AI platform-driven vulnerability claims on cybersecurity

Axis Bank assures its digital systems are secure. The bank states cyber fraud largely occurs when customers are tricked by external communications, not due to weaknesses in its own cybersecurity. Officials highlighted that advanced AI models like Mythos can accelerate vulnerability discovery. Axis Bank is enhancing its response to identified…

The Economic Times

US stocks: US market ticks up ahead of first Fed policy decision under Warsh

U.S. stock indexes opened higher on Wednesday, with chip stocks rebounding ahead of the Federal Reserve's first interest rate decision under new Chair Kevin Warsh. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all saw gains in early trading.

The Economic Times

What happens when ants get addicted to junk food as much as we do? The consequences could be serious

Ants eating junk food behavior study: Tiny potato chip crumbs are a big distraction for ants. Researchers found ants are drawn to human snacks like chips and cookies. This attraction interferes with their important job of moving plant seeds. Ants carry seeds to their nests, eat a nutritious part, and…

The Economic Times

Turtlemint investors IPO cash out; Ola Electric eyes Sebi settlement

Peak XV and Nexus Venture Partners are set to rake in manifold returns as insurtech company Turtlemint goes public. This and more in today’s ETtech Top 5.

The Economic Times

Must read quote of the day by Heraclitus: 'The content of your character is your choice. Day by day, what you...' Life lessons on mindful intent, incremental progress, integrity, conscious choice, power of thoughts, and why you can always change your destiny by making right choices

Must read quote of the day by Heraclitus reminds us that every thought, decision, and action shapes our character over time. The quote explains that identity is not fixed. It grows through daily habits and conscious choices. This article explains the meaning of the quote, its relevance in modern life,…

The Economic Times

BRND.ME converts into public company, eyes IPO in 12-18 months

BRND.ME, formerly Mensa Brands, has converted into a public company after shifting its corporate base to India. The consumer brands platform is preparing for a potential IPO within 12-18 months, backed by stronger governance, profitability and a streamlined corporate structure.

The Economic Times

AI startup Genspark valued at $2.6 billion in latest funding round

Genspark.ai secured $100 million in funding, valuing the company at $2.6 billion. This investment underscores strong investor confidence in AI tools for workplace productivity. The company, founded by former tech giants' employees, uses AI to help create presentations, financial models, and software. Genspark for Business has seen over 6,000 clients…

The Economic Times

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The Economic Times

MHA agency launches 2 portals to prevent cybercrimes, ensure justice for victims

The Indian Cyber Crime Coordination Centre has launched two new portals. The Grievance Redressal Mechanism portal helps unfreeze wrongly frozen bank accounts. The Money Restoration Module portal facilitates the return of money lost to cyber fraud. These initiatives aim to provide timely relief to citizens affected by cybercrime.

The Economic Times

Allbirds rebrands as Smartbird in AI pivot, hires former AWS executive as CEO

Allbirds is now Smartbird. The company has a new president and CEO, Nadia Carlsten. Smartbird is shifting focus to AI infrastructure and cloud computing. This move follows a significant surge in its share price. The company aims to provide AI infrastructure as a managed service. It is in discussions with…

The Economic Times

Sebi warns of no regulatory recourse for investors trading in unlisted securities

Sebi has cautioned investors against trading unlisted securities through unauthorized websites and electronic platforms. The regulator said such platforms operate outside its oversight, leaving investors without regulatory safeguards, grievance redressal mechanisms or access to investor protection benefits.

The Economic Times

The hidden mathematical pattern inside your money plant's leaves will blow your mind

Chinese Money Plant leaves hide a mathematical pattern shaping leaf veins in Voronoi geometry. This discovery shows nature using precise leaf vein mathematical design for efficiency. Tiny hydathodes guide water flow and create balanced networks. Scientists link it to plant biology breakthroughs and bio-inspired engineering. It changes how we see…

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news in one place.

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The Economic Times

Psychology says people who hate cilantro aren't picky eaters: Their brains and genes may literally be tasting something different

Psychology suggests that even ordinary disagreements can reveal surprising insights about human behavior. The real story is not about cilantro itself, but about the remarkable ways in which different brains perceive and interpret the very same experience.

The Economic Times

FEMA probe against Apollo Hospitals, 5 directors closed after compounding order: ED

A foreign exchange violation case against Apollo Hospitals and five directors has been terminated. The Reserve Bank of India issued a compounding order. Apollo Hospitals Enterprises Limited made a one-time payment of over Rs 17.76 crore. The executives also paid Rs 18 lakh each. This settlement resolves alleged contraventions totalling…

The Economic Times

Quote of the Day by Sylvia Plath: “There is so much hurt in this game of searching for a mate, of… — Inspiring lessons on dating, rejection, mixed signals, heartbreak, unrealistic expectations and why It is better to have loved and lost than never to have loved at all by the literary icon known for her deep insights into human nature and relationships

Quote of the Day by Sylvia Plath: Sylvia Plath’s quote, “There is so much hurt in this game of searching for a mate, of testing, trying. And you realize suddenly that you forgot it was a game, and turn away in tears” explores the emotional challenges, vulnerability, and uncertainty that…

The Economic Times

How NRIs, OCIs may benefit as RBI allows banks to offer higher interest rates on certain FCNRs, NREs

The Reserve Bank of India has temporarily lifted interest rate restrictions on certain NRE and FCNR(B) deposits until September 30, 2026. This move aims to attract foreign currency inflows by allowing banks to offer higher rates on these deposits, benefiting Non-Resident Indians planning to open or renew them.

The Economic Times

Telegram challenges temporary ban, saying it will hurt free speech rights

Telegram has challenged India's temporary ban on its app in a New Delhi court. The company argues the block, imposed to stop exam fraud, infringes on users' free speech and constitutional rights. This move punishes millions of Indian users instead of those responsible for exam leaks. The government maintains the…

The Economic Times

Quote of the day by Franklin D. Roosevelt: 'Remember you are just an extra in...' Life lessons on humility, relaxation, freedom, expectations, perfection, success, empathy, and why one should focus on his own story and forget about the world

Quote of the Day by Franklin D. Roosevelt reminds people that every individual is the central character only in his or her own life. The quote encourages humility, freedom from social pressure, realistic expectations, empathy, and personal growth. It explains why people should stop worrying about constant judgment, focus on…

The Economic Times

RBI temporarily eases FCNR(B), NRE deposit rate norms to attract overseas funds

The Reserve Bank of India has eased interest rate rules for overseas deposits. This allows banks to offer better returns on FCNR(B) and NRE accounts. The changes aim to attract more foreign funds until September 2026. This move could boost foreign exchange inflows. It will help strengthen the banking system…

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