Page 8 - Bloomberg

Biggest currency clampdown in a decade risks backfiring for India

Jefferies estimates banks could face losses of up to ₹5,000 crore ($539 million) from the forced unwinding

Apple will close its first unionised retail location in US in June

The company said Thursday that the store, located at Towson Town Center mall, will permanently shut down in June and will not be replaced

Trump's hunt for Iran's uranium hindered by monitoring disruption

That leaves the global nuclear watchdog - and by extension the US - without a clear line of sight into one of the world's most dangerous stockpiles

Amazon considers selling in-house AI chips to firms amid demand surge

The disclosure offers a rare glimpse into the scale of Amazon's in-house chip operation, which produces general-purpose computing and AI accelerators

Oil rebounds above $100 as Hormuz remains blocked, supply fears linger

Iranian Parliament Speaker Mohammad-Bagher Ghalibaf said in a statement on X that three clauses of the ceasefire proposal have been violated

Hardeep Puri heads to Qatar to secure LNG, LPG supply amid fuel crisis

Qatar is India's single-largest supplier of both LNG and LPG, providing 45 per cent and 20 per cent respectively

Eli Lilly's Mounjaro sales dip as semaglutide generics flood Indian market

Mounjaro sales in March dropped to ₹114 crore ($12.3 million) in March from ₹135 crore a month earlier, Pharmarack data show

Russia offers sanctioned LNG to energy-hungry Asia at 40% discount

The effective closure of the Strait of Hormuz - and attacks on the world's largest LNG export plant in Qatar - has throttled about a fifth of global supply, upending the gas market and lifting prices

US asks allies for quick, concrete plans to secure Hormuz after ceasefire

Request was presented during discussions between American and Nato officials at the White House, where US President Trump met with North Atlantic Treaty Organization Secretary General Mark Rutte

Chinese oil tankers join line to test hormuz exit amid US-Iran ceasefire

A successful crossing is not yet guaranteed, as several vessels have turned back at the last moment and there has been little change in traffic over the past day

North Korea tests latest weapons, missiles as world focuses on Iran

KCNA said tests showed tactical ballistic missiles with cluster warheads could "reduce to ashes" targets spanning 6.5-7 hectares with high-density impact

State Assembly elections test Modi's handling of war-driven shortages

While Modi's BJP seeks to expand its foothold in states dominated by regional parties, the elections come as India faces an uncertain growth outlook after a surge in oil prices following West Asia war

FBI arrests former US military employee over alleged info leak to media

Justice Department said in a separate statement that a woman identified as Courtney Williams had been indicted on charges of disclosing classified material to 'a media outlet'

India's equity mania meets psychological test as returns outlook dims

For the first time since the pandemic, individual investors were net sellers in the secondary market in the first 11 months of the financial year that ended in March

How China is becoming the world's most powerful opposition to US power

Like any ambitious opposition party, Beijing is pointing out the weaknesses of the incumbent while portraying itself as a steadier, more predictable partner with fresh ideas

US, Iran agree to talk in Islamabad even as Hormuz stays blocked for now

Further adding to uncertainty, sporadic fighting continued throughout the region and the Strait of Hormuz remained largely blocked

Indian Oil buys first shipment of Iranian crude since 2019 sanctions

Curacao-flagged crude tanker Jaya, laden with Iranian oil, most recently indicated it is heading for India, according to ship-tracking data

Shipowners eye Hormuz truce as 800 vessels remain trapped in Gulf waters

Then, hours before a deadline set by President Donald Trump ran out during the US evening on Tuesday, the two sides agreed a truce in exchange for a reopening

Shipowners eye Hormuz ceasefire window to move over 800 trapped vessels

The near-closure of the vital waterway for weeks has created an unprecedented global energy supply crunch, as Iran tightened its control in the aftermath of US and Israeli strikes

IMF chief Georgieva warns world 'ill-equipped' to counter Iran war risks

By choking off shipments from the energy-rich Gulf region, the war has triggered a "negative supply shock, meaning that it pushes prices up, said Kristalina Georgieva