Bloomberg

Bloomberg

US waiver frees up 19 million barrels of Russia oil for purchase

The crude is being carried on 25 vessels, with grades such as Sokol on ships near China. There's also a number of tankers in the Arabian Sea that are mainly loaded with the medium-sour Urals blend

Updated On: 13 Mar 2026 | 11:44 AM IST

Japan, Asia-Pacific nations to pledge $30 bn energy, mineral deals with US

The deals will take the form of purchase commitments and other transactions spanning a range of products and sectors, including coal, oil, liquefied natural gas and nuclear power

Updated On: 13 Mar 2026 | 10:06 AM IST

West Asia conflict disrupts India's kitchens, clouds its tech ambitions

Gas shortages triggered by the West Asia conflict are disrupting kitchens, restaurants and small industries in India, exposing the country's fragile LNG-dependent energy system

Updated On: 13 Mar 2026 | 9:25 AM IST

Adobe CEO Shantanu Narayen to step down amid investor concerns over AI

The maker of Photoshop and other products for creative arts professionals is among a group of application software companies, seen as struggling to win in face of AI startups

Updated On: 13 Mar 2026 | 8:35 AM IST

China's BYD considering to building cars in Canada, buying out rivals

The Shenzhen-based automaker is studying the Canadian market for a potential manufacturing facility, although no decision has been made, Executive Vice President Stella Li said

Updated On: 13 Mar 2026 | 8:26 AM IST

Apple lowers app store cut in China in move to fend off local regulators

The company said that its commission is changing from 30 per cent to 25 per cent for its mainland China App Store

Updated On: 13 Mar 2026 | 8:21 AM IST

Unilever plans to boost CEO pay, overhaul incentives to attract US talent

In 2026, if CEO Fernando Fernández hits the top performance target, his pay could exceed $21 million; if Unilever's share price also rises 50%, his compensation may surpass $26 million

Updated On: 13 Mar 2026 | 8:07 AM IST

Iran weakened by strikes but regime change not guaranteed: Netanyahu

The Israeli premier asserted that the war was inevitable once Iran accelerated efforts to revive its nuclear and missile programs following the June 2025 conflict

Updated On: 13 Mar 2026 | 7:48 AM IST

US gives nod for sale of more Russian oil already at sea amid Iran war

The measure, which applies only to oil loaded before March 12, expands upon a month-long waiver given to India last week, which was intended for crude loaded on ships before March 5

Updated On: 13 Mar 2026 | 6:58 AM IST

NYC Mayor Zohran Mamdani faces warnings over city's fragile finances

For fiscal 2026, Levine, who was sworn in to office in January alongside Mamdani, estimates operating expenses to be $4.5 billion more than revenue

Updated On: 12 Mar 2026 | 11:46 PM IST

Active shooter reported at synagogue in Michigan, police respond

FBI director Kash Patel said on X that agency personnel are also on the scene responding to the apparent vehicle ramming and active shooter situation

Updated On: 12 Mar 2026 | 11:43 PM IST

India asks china for urea as war-induced gas crunch hits plants

The move is a sign of the unusual measures countries are taking to secure key commodities as US-Israeli attacks in Iran snarl global trade and raise risks for food and energy supplies

Updated On: 12 Mar 2026 | 11:23 PM IST

US trade deficit narrows to $54.5 billion in January as exports rise

Trade flows last year were subject to large monthly swings as US importers reacted to a slew of tariff announcements from President Donald Trump

Updated On: 12 Mar 2026 | 10:47 PM IST

Trump administration set to suspend Jones Act to curb oil prices

The US last issued a waiver for the Jones Act in October 2022 for a tanker heading to Puerto Rico to deliver supplies follow Hurricane Fiona

Updated On: 12 Mar 2026 | 10:17 PM IST

India in talks with Iran for safe passage of over 20 tankers via Hormuz

Negotiations are still ongoing and are being handled by the ministry of foreign affairs, said the people, who asked not to be named as the conversations are sensitive

Updated On: 12 Mar 2026 | 4:45 PM IST

India plans to launch $11 billion fund to support domestic chipmaking

India is hoping to woo major chipmakers to the world's most populous country with its engineering, design talent as well as subsidies in much the same way it's helped Apple Inc. expand in the region

Updated On: 12 Mar 2026 | 2:39 PM IST

Govt plans new smartphone export incentives in a boost for Apple, Samsung

The policy design, size of the incentives and the overall budget are still being finalised and may change during the inter-ministerial consultations

Updated On: 12 Mar 2026 | 11:23 AM IST

Iran war exposes vulnerabilities for airlines in global aviation network

Global airlines have seen billions of dollars wiped from their market capitalisation on the surging cost of fuel and uncertainty about when safe operations can resume

Updated On: 12 Mar 2026 | 10:21 AM IST

Cooking gas crunch in India fuels inflation fear as Iran war widens

The gas crunch is rippling through the economy, raising fears about a spike in prices and a drop in output in some sectors

Updated On: 12 Mar 2026 | 10:08 AM IST

Trump to invoke Cold War era powers for offshore oil producer Sable

The planned order comes as Trump faces heavy political pressure to confront rising fuel prices before the November midterm elections

Updated On: 12 Mar 2026 | 9:11 AM IST