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US hits Iran near Strait of Hormuz with 5,000-pound ‘bunker buster’ bomb — what makes this high-cost weapon stand out

The United States carried out a high-profile strike on Iranian missile sites near the strategic Strait of Hormuz on Tuesday, deploying some of the most powerful conventional bombs in its arsenal. The attack targeted underground facilities housing Iranian anti-ship cruise missiles, which US Central Command said posed a significant threat to international shipping in the…

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Insurance costs under lens: RBI flags high-cost distribution driving premium growth, warns of medium-term pressure

The Reserve Bank of India has flagged emerging structural pressures in the insurance sector, warning that premium growth is increasingly being driven by high-cost, distribution-led strategies rather than improvements in operating efficiency, even as the sector remains stable in the near term, according to its latest Financial Stability Report.“While posing no near-term systemic risks, the…

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