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Us Petrol Prices Rise: ‘To mitigate short-term disruptions’: Donald Trump suspends Jones Act for 60 days as Iran war drives up US fuel costs – what it means

File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump has temporarily waived the century-old Jones Act for 60 days in a bid to ease rising energy costs in the United States, after the US-Israeli war with Iran sent oil markets sharply higher and pushed up petrol prices.As per news agency AFP,…

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Us India Oil Waiver: ‘Releases the pressure on other refineries’: US says India’s Russian oil waiver is a short-term step to stabilise global prices

The United States has said its decision to grant India a temporary waiver to purchase certain Russian oil supplies is a short-term move aimed at stabilising global crude prices amid supply disruptions linked to tensions in the Middle East.US energy secretary Chris Wright said the measure is intended to quickly bring oil stored in floating…

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Middle east crisis: GCCs may see short-term hit; here’s why India might ultimately win

As Middle East tensions continue to intensify, India’s global capability center (GCC) landscape could face some temporary headwinds. Experts, however, said that the country may ultimately gain as companies prioritise stability in their global operations. Multinational corporations including Microsoft, Visa, Intel, Qualcomm, Siemens Healthineers, DHL, Nokia, HP, PepsiCo, Emerson, Lenovo, Johnson Controls and Eaton currently…

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Job losses due to AI: US Fed gov Cook has important observation; says unemployment could rise in short-term

Federal Reserve governor Lisa Cook on Tuesday (local time) cautioned that artificial intelligence is beginning to reshape the US labour market in ways that could further push unemployment rates higher and limit how effectively the central bank can respond with interest rate cuts.Speaking in remarks for a national association for business economics conference, Cook said,…

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Short-term loan dependence puts Pakistan’s economic stability at risk

Representative image (AI) The economy of Pakistan is in a risky state due to its over-reliance on short-term foreign loans, according to business leaders and economists. Key figures are calling for urgent negotiations with friendly nations to extend loan repayment periods and implement structural reforms, as reported by Express Tribune.Vice chairman of the Pakistan industrial…

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With a 40% surge in Indian treavellers visting Georgia, all about the e-Visa process, eligibility, documents, fees and validity for short-term travellers |

Georgia is one of those pretty destinations that is gradually becoming popular among Indian travellers. And to cater to the growing demand, here we discuss the e-visa process that can help one enter the country legally for short-term purposes without visiting a Georgian embassy or consulate. According to tourism officials, the first six months of…

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$45 billion worth of IPO lock-ins expiring over next few months; short-term volatility likely: Report

A massive $45 billion worth of IPO lock-in periods are set to expire between January 6 and April 30, affecting 96 newly listed companies, according to a Nuvama report. This means pre-IPO shareholders, including promoters and early investors, will be free to sell their shares in the open market, potentially causing short-term price movements.The report,…

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Gold outlook 2026: Yellow metal may see short-term moderation after stellar rally; long-term bullish view intact

After one of its strongest rallies in decades, gold prices may take a breather in 2026, though the long-term outlook remains firmly bullish, analysts at ICICI Direct said on Tuesday.The report noted that US Federal Reserve rate cuts are expected in 2026, ongoing concerns over rising global debt, and questions over long-term Fed independence will…

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‘It’s a steal’: 2008-crisis predictor ‘Dr Doom’ Peter Schiff advises people to buy gold; flags ‘short-term risk’ in silver

Peter Schiff (File photo taken from X) Economist Peter Schiff, renowned for predicting the 2008 financial crisis, advised investors to buy gold while being cautious with silver. He believes gold is a bargain at $4,534 with minimal downside risk, while silver faces higher short-term risks despite its strong performance in 2025. Schiff recommended waiting for…

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