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The Latest Breaking News from The Economic Times

CJP's Instagram handle briefly taken down, restored later

The Cockroach Janta Party's Instagram account was temporarily removed on Saturday morning. The outfit alleged this action aimed to silence its voice on Independence Day. Its account was later restored, and the party expressed defiance against such acts. The CJP has been active with campaigns on school conditions and student…

The Economic Times

Dollar falls on surprise drop in US retail sales

In July, US retail sales surprisingly took a dip, leading to a decline in the dollar's value. This drop enabled the euro and sterling to soar to their highest levels in months against the greenback. Additionally, softer inflation indicators have lowered the market's expectations for a potential rate hike by…

The Economic Times

Iran defiant on strait as Trump tells Americans to accept high gas prices

Iran has rejected US claims of control over the Strait of Hormuz and demanded Washington accept its conditions before shipping resumes. The conflict continues to disrupt oil traffic, push up US fuel prices and raise concerns about wider regional escalation.

The Economic Times

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Gold rises on weaker dollar as inflation data cements rate-hold bets

On Friday, gold prices moved upward, signaling a positive outlook for the week. The precious metal received a boost from a weaker dollar and stable inflation figures, reducing the likelihood of an upcoming interest rate hike by the Federal Reserve. Meanwhile, oil prices also showed weekly gains, influenced by escalating…

The Economic Times

French proverb of the day: ‘To want is to…’ - Why consistency and perseverance need to fuel your efforts toward big goals in life

Strong determination helps individuals overcome obstacles and achieve difficult goals. The French proverb highlights this powerful concept. This saying emphasizes that wanting something fuels the effort needed for success. Persistence is crucial when progress slows or setbacks occur. Determination turns intentions into actions and drives progress toward desired outcomes.

The Economic Times

PM Modi says India securing critical minerals, deepening global supply partnerships

India is increasing efforts to secure critical minerals and forge partnerships. The nation is strengthening access to vital resources for technology and clean energy. A National Critical Mineral Mission has been launched with significant government funding. Four dedicated processing parks will be established across different states. These initiatives aim to…

The Economic Times

Crop buyers cut off from Black Sea are turning to other origins

The region is one of the world’s top suppliers of grain and sunflower oil, much of which heads to Asia, Africa and the rest of Europe.

The Economic Times

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Oil inches toward $90 on tanker attacks, lack of progress in Iran war peace deal

Crude oil futures experienced an upward trend on Friday due to disruptions from tanker attacks and the stagnation of peace talks. Brent crude closed at $88.52 a barrel while WTI crude settled at $82.40. Attacks within the Strait of Hormuz and disruptions at a Russian port led to a decline…

The Economic Times

Neighbour doesn't care whether you're dead or alive: Woman living in Noida highrise shares her experience, sparks debate on loneliness

A Noida woman’s Instagram video has sparked a conversation about loneliness in high-rise societies as she described her experience of living among hundreds of residents while having little interaction with neighbours. Her remarks about isolation, the need for a small circle of friends and the disconnect between physical proximity and…

The Economic Times

We will train 1 crore youth in AI skills over next year: PM Modi

Prime Minister Narendra Modi, referring to India's recent AI Summit, announced a major initiative aimed at expanding AI skills among the country's youth. He also said that India has witnessed a significant rise in entrepreneurship, with more than 2.5 lakh startups operating across the country and young entrepreneurs contributing to…

The Economic Times

European shares snap 4-week rally as higher oil prices temper strong earnings

European stock markets closed in the red on Friday, breaking a four-week winning streak. The rise in crude oil prices and escalating geopolitical tensions overshadowed robust corporate earnings. Although the STOXX 600 index experienced a weekly decline, it remained close to record levels, buoyed by strong economic growth and profits…

The Economic Times

Anthropic IPO valuation hinges on $190-200 billion 2028 revenue forecast, sources say

As Anthropic prepares for its initial public offering, Wall Street is keenly evaluating the company's worth through the lens of its projected revenue growth, expected to soar by 2028. This outlook is crucial, leading investors to utilize enterprise value-to-revenue multiples derived from forecasted figures. Benchmarking against industry players like Palantir…

The Economic Times

SEC proposes easing 'pay-to-play' rules for investment advisers

The U.S. Securities and Exchange Commission is looking to relax rules that prevent investment advisers from managing public pension funds due to political contributions. These proposed amendments are intended to alleviate the compliance challenges faced by advisers and address longstanding issues raised by various political factions. Regulators are now inviting…

The Economic Times

Institutional investors reveal cautious approach to tech favorites in US quarterly 13F filings

In the second quarter, institutional investors made slight reductions in their holdings of prominent tech firms, mainly due to already substantial positions making further investments challenging. However, semiconductor stocks continued to attract a positive outlook, while AI-themed stocks saw a decline in traction after an initial wave of interest. Interestingly,…

The Economic Times

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The Economic Times

Oil prices rally, US data dents chances of Fed rate hike

Global shares declined Friday as markets monitored U.S.-Iran talks and Federal Reserve rate hike expectations. Oil prices rose more than a dollar per barrel amid escalating geopolitical tensions and faltering peace talks. U.S. consumer sentiment weakened due to rising living costs, impacting retail sales and the dollar. Chipmaker stocks faced…

The Economic Times

Independence Day 2026: An Indian king weaponised his pen. The British answered with a cannon

Raja Shankar Shah and his son Raghunath Shah were executed by the British in Jabalpur in 1857 after poems invoking goddess Chandi against colonial rule were recovered from their residence. Their story shows how poetry, letters and personal networks became powerful instruments of resistance during the uprising against British rule.

The Economic Times

62 commercial vessels redirected, three disabled amid US blockade on Iran: CENTCOM

US CENTCOM said its forces have redirected 62 commercial vessels, disabled three and boarded two while enforcing a blockade against Iran. The action comes amid continuing US-Iran tensions and competing claims over control of the strategically important Strait of Hormuz.

The Economic Times

Indian Grandmaster Praggnanandhaa draws with Wesley So in fifth round of Sinquefield Cup

R Praggnanandhaa remained in contention for a podium finish at the Sinquefield Cup after drawing with leader Wesley So in the fifth round. The Indian Grandmaster has three points from five games and remains among the leading contenders.

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The Economic Times

TMC MP Mahua Moitra claims Nadia administration ordered her to vacate circuit house

TMC MP Mahua Moitra alleged that Nadia district authorities asked her to vacate a state-owned circuit house late at night despite initially allotting her a room. She refused to leave and claimed a crowd gathered outside shouting slogans to intimidate her.

The Economic Times

PM Modi urges families to join 100-week campaign to make India drug-free

Prime Minister Narendra Modi urged a collective effort to make India drug-free. He called for families to join the 100-week nationwide Nasha Mukt Yuva Abhiyan. This campaign aims to tackle drug addiction, a significant challenge for the nation's youth. The initiative involves various organizations and community engagement programs across the…

The Economic Times

US to tell partners they must pick sides in AI race with China

The US is preparing to ask countries to choose between its Pax Silica AI framework and China’s competing initiative, Reuters reported. Washington wants participating nations to align on AI, semiconductors and critical-mineral supply chains amid intensifying technology competition with Beijing.

The Economic Times

Canada extends remote border crossing permits, new reporting rules to take effect from December 1

Canada's Remote Area Border Crossing Program validity is extended until November 2026. Existing permit holders will see their permits remain active for this extended period. A new telephone reporting system will replace the program starting December 1. This change primarily affects American travelers who use these remote entry points. Failure…

The Economic Times

UK Renters’ Rights Act: Existing fixed terms tenancy will be converted to periodic tenancies; How it impacts landlords and tenants?

UK Renters’ Act: If the tenancy agreement had an end date, it will no longer apply as fixed term tenancy is not allowed; Know how it impacts landlords and tenants

The Economic Times

Independence Day 2026: How Sensex skyrocketed 8,500% in less than 35 years since 1991 liberalisation reforms

India’s Sensex has delivered an extraordinary 8,500% gain since the 1991 economic reforms, compounding at about 14% annually. Despite scams, crises and geopolitical shocks, the benchmark has risen across decades.

The Economic Times

PM Modi’s 2026 Independence Day speech shortest in 4 years, second overall: How it compares with past addresses

Prime Minister Narendra Modi delivered his 13th consecutive Independence Day address from the Red Fort on Saturday, with his 78-minute speech becoming his shortest in four years and second shortest overall. The 2026 address marked his 13th consecutive speech from the venue, surpassing Indira Gandhi’s record while remaining behind Jawaharlal…

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