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US remittance tax to revive hawala, hand cartels a financial lifeline

The remittance tax risks reviving hawala networks, making it easier to fund drug and human smuggling, as criminal syndicates step in to exploit informal money transfer systems once again

$84 bn short book putting pressure on rupee, Asia's worst performer

The Reserve Bank of India had dollar repayments near a record high of $84.3 billion as of March as indicated by its net short forwards position

Stanley Fischer, who shaped global macroeconomic policy, dies at 81

Fischer, known as Stan, served as vice chairman of the US Federal Reserve from 2014 to 2017 following eight years as governor of the Bank of Israel

Europe stock markets stage world-beating rally as trade war backfires

Five months into the year, eight of the world's 10 best-performing stock markets are in Europe, according to data compiled by Bloomberg

Adani Energy board approves $502 million fundraise via share sale

Adani companies, with interests stretching from ports to green energy, are steadily regaining investor confidence after a US indictment of the founder soured sentiment.

Airline industry benefiting from lower oil price: IATA head Willie Walsh

The reduction in oil prices is in turn helping drive down ticket prices, said Willie Walsh, the director general of the International Air Transport Association

Adani Group outlines transport network in rebuild of Mumbai's Dharavi slum

A key feature will be airport trains and check-in and transit facilities for passengers traveling to and from the Mumbai and Navi Mumbai airports

Europe sees growing China-Russia alliance as world's top security threat

Western officials accuse China of supplying Russia with critical technologies, including drones

Job interviews enter a strange new world with AI software that talks back

Startups like Apriora, HeyMilo AI and Ribbon all say they're seeing swift adoption of their software for conducting real-time AI interviews over video

Elon Musk pushes US lawmakers to fast-track self-driving car approvals

Options discussed include expediting the bill or presenting a more detailed measure similar to it before Congress's July 4 recess

Chinese students at US colleges will be 'fine', says Donald Trump

'Well, they're going to be OK It's going to work out fine,' Trump said when asked what his message would be for students who want to remain in the country

Elon Musk pledges to remain Trump adviser after stepping away from DOGE

"I expect to remain a friend and an adviser, and hopefully, if there's anything the president wants me to do, I'm at the president's service," Musk said

Elon Musk's legal battles expected to outlast his time in White House

At least three lawsuits are pending that accuse Trump of unconstitutionally handing the Tesla Inc. and SpaceX chief executive officer the equivalent of a cabinet-level post over the past four months

Lack of social-media profile could prompt visa denial, says Marco Rubio

Rubio's cable, sent to embassies worldwide, marked the latest salvo by the Trump administration against Harvard, the foreign students who go there and elite universities more broadly

Trump seeks $1 billion for private-sector-led human missions to Mars

The White House's 2026 budget proposal, calls for allocating more than $1 billion for Mars exploration, including a new Nasa initiative called the Commercial Mars Payload Services programme

Will double tariffs on foreign steel from 25% to 50%, says Trump

Trump had gone to the plant near Pittsburgh to champion an expected deal between US Steel and Japan's Nippon Steel Corp.

Bond markets are returning to normal but other fiscal numbers are a concern

It may not stay that way given the gathering risks, notably credible estimates that deficits will continue to run well higher than 3 per cent of GDP

India searches for partners beyond US to build fighter jet engines

The engines being considered are from the UK, France and Japan and India wants to start the project quickly

KG Motors looks to kickstart Japan's electric-vehicle market with Mibot

KG Motors has developed a battery-powered one-seater that more resembles a futuristic golf cart than it does a modern EV, much less a traditional car

North Korea's growing military support to Russia flagged in report

Last year North Korea transferred to Russia at least 100 ballistic missiles, which were subsequently launched into Ukraine to destroy civilian infrastructure