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Rupee falls 11 paise to 96.36 against US dollar amid US-Iran tensions, rising crude

The Indian rupee opened lower on Wednesday, facing pressure from rising crude oil prices. Geopolitical tensions and demand for safe-haven assets also weighed on the domestic currency. The Reserve Bank of India's measures are helping to cushion the rupee's decline. Meanwhile, Indian stock markets experienced a downturn in early trade. Foreign institutional investors remained net buyers of equities on Tuesday.

Asian stocks trade in green: Kospi adds 6%, Nikkei jumps over 1,100 points

Asian markets opened higher, mirroring Wall Street's gains as technology stocks rebounded. Japan, South Korea, and Taiwan led the advance, while China also saw gains. Oil prices continued to climb due to threats in the Red Sea region. US markets closed higher overnight, with semiconductor shares driving the upward movement. Investor focus now shifts to upcoming earnings reports from major tech companies.

Pakistan asks US for $10bn lifeline to shore up struggling economy: Report

Pakistan has asked the United States for a $10 billion exchange stabilisation facility in a bid to shore up its fragile economy, according to a source familiar with the matter, as Islamabad looks to ease pressure on its foreign exchange reserves and currency.

Starter homes are back in US, but there's still a catch for first-time buyers

Starter home availability has improved, offering more choices for budget-conscious buyers. However, affordability remains a significant challenge across different regions. The Southern United States shows the strongest recovery due to increased construction. The Midwest and Northeast continue to face persistent supply shortages. Purchasing a starter home still requires substantially more income than before.

France passes law banning under-15s from social media

France passes law banning under-15s from social mediaImage source, Getty ImagesByHugh Schofield, Paris correspondent and Ottilie Mitchell, BBC NewsPublished5 minutes agoFrance's parliament has approved a law to ban social media for under-15s from January 2027, making it the first European country to block young people from the platforms.The law will mean everyone in France must verify their age to access social media and comes as the UK and EU are developing their own limits in response to conce...

0%, 100%, then 200%: How Trump's new generic drug tariff plan could hit India

Donald Trump announced phased tariffs on imported generic medicines starting August 2026. These tariffs will gradually increase to 200 percent over three years. This policy aims to reshore pharmaceutical production back into America. India, a major supplier of affordable generics, faces significant impact from these changes. The move adds uncertainty to ongoing bilateral trade agreement.

Brent crude tops $92, WTI above $85 as Hormuz tensions threaten global supplies

Crude oil prices extended their rally as Middle East tensions escalated. Brent crude held above ninety dollars a barrel amid supply disruption fears. Houthi threats affected shipping activity in the Red Sea region. Military actions continued overnight impacting energy shipping routes. Global food insecurity risks also increased due to these disruptions.

Burnham pulls back on suggestion to increase tax-free personal allowance

Burnham pulls back on suggestion to increase tax-free personal allowanceImage source, EPAByHarry Farley, Political correspondent and Tabby WilsonPublished2 minutes agoAndy Burnham has pulled back from suggestions about increasing the tax-free personal allowance.The £12,570 threshold has been frozen since 2021, resulting in more people being dragged into paying tax as earnings increase.Burnham told the Times over the weekend that the "frustration about the personal allowance" he had heard while c...

Unleashing Speed: The Ultimate Showdown of the Fastest SUVs – Lamborghini Urus vs BMW XM vs Porsche Cayenne

Get ready to rev your engines as we dive into the world of high-performance luxury SUVs! Discover which of these titans reigns supreme in horsepower, speed, and sheer driving thrills.

Canada cancels joint bridge-opening celebration with US amid trade tensions

The ribbon-cutting celebration of the Gordie Howe International Bridge is no longer taking place after Trump announced a 50% tariff on Canadian goodsA planned joint US-Canada ceremony Friday celebrating the opening of the Gordie Howe International Bridge connecting Detroit and Windsor, Ontario, is no longer expected to take place after Donald Trump announced a 50% tariff on most Canadian goods.In announcing the tariffs, the US president accused Canada of unfairly discriminating against US automo...

Trump announces 0% tariff on generic medicines for two years; 200% thereafter

US President Donald Trump on Tuesday announced a phased tariff regime on imported generic medicines, saying they will continue to enter the United States duty-free for two years and then steep tariff hikes aimed at bringing pharmaceutical manufacturing back to the country.

IRS in the hot seat over potential cash grab from Spain's World Cup winnings: 'It's a ripoff'

As reigning 2026 FIFA World Cup champions, Spain won $50 million in prize money, but a large portion of that could be subject to federal taxes in the United States — potentially up to 30%."I think it's a ripoff," Rep. Tim Burchett, R-Tenn., told Fox News Digital."I'm not a fan of it, but Americans have to do it. American professional athletes do it, so they knew that when they came over here."SPAIN BEATS ARGENTINA TO WIN 2026 FIFA WORLD CUP BEHIND FERRAN TORRES' EXTRA-TIME GOALIncome earned from...

'I can't afford to turn the oven on': 7.4m households struggling to buy essentials

'I can't afford to turn the oven on': 7.4m households struggling to buy essentials Image caption, Elaine Yates, 77, says she can't remember the last time she used her oven to cook a hot meal By Eleanor LawrieSocial affairs reporterPublishedJust nowFour years into the cost of living crisis, almost two-thirds of low-income families say they struggle to buy essentials such as clothes, heating and food, according to anti-poverty charity the Joseph Rowntree Foundation (JRF).A record 62% of low-income...

Boost youth jobs by cutting employers' national insurance, MPs urge

Boost youth jobs by cutting employers' national insurance, MPs urgeImage source, Getty ImagesByMitchell LabiakBusiness reporterPublished6 minutes agoEmployer national insurance (NI) contributions for all under-25s should be cut to boost job opportunities for young people, a group of MPs has urged.The Work and Pensions Committee said it has heard "overwhelming evidence" that rising employment costs, including from employer NI, were reducing training and job vacancies, particularly for young peopl...

Will AI help you do your job or replace you?

Will AI help you do your job or replace you?Published5 minutes agoByFaisal Islam, Economics editor, Phil Leake, Miguel Roca-Terry, Data journalists and Jess Carr, Data designerArtificial Intelligence (AI) companies are making vast claims about the ability of their tools to replace human labour.Some jobs will be automated, others will be "augmented". The bosses of the world's biggest companies are diverting vast sums into these tools, partly with the knowledge that they could save money on headco...

The Digital Divide: How Champions League Qualifying Exposes Football's Wealth Gap

'It's frustrating' - Canadians react to new US tariffs

'It's frustrating' - Canadians react to new US tariffsTo play this video you need to enable JavaScript in your browser.This video can not be played'It's frustrating' - Canadians react to new US tariffsCloseUS President Donald Trump has imposed a 50% tariff on a wide range of goods imported from Canada, in retaliation for what he called "unequal treatment" of US cars, dairy and alcohol.The BBC spoke to Canadians in Montreal from across the country about their concerns over the new tariffs. Video...

James Patten sentenced to 21 months for $100m New Jersey deli stock fraud

James Patten, the former stockbroker behind the infamous stock manipulation scheme that turned a small, money-losing New Jersey deli into a company valued at nearly $100 million, has been sentenced to 21 months in federal prison. Patten, 67, was sentenced on Tuesday by U.S. District Judge Christine O'Hearn in Camden, New Jersey, bringing one of Wall Street's most unusual securities fraud cases to a close.

From defence uplift to national care service, Andy Burnham faces question of funding

As new prime minister briefs cabinet on ‘cost of living government’, critics ask where money will come fromUK politics live – latest updatesAndy Burnham is under mounting pressure to explain how he will pay for his policy pledges as he implored his new cabinet to examine “all possible ways” to tackle the cost of living crisis.On his first full day in power, the prime minister faced questions about how he would fund the removal of VAT from electricity bills and also an expected uplift in defence...

Centre uses 40% of annual fertiliser subsidy in first 3.5 months

NEW DELHI: Govt has spent Rs 70,709 crore, nearly 40% of the fertiliser subsidy allocated for 2026-27, in the first three-and-a-half months of the current fiscal year, indicating the subsidy bill is set to exceed the budget estimate due to the conflict in West Asia.