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Asia is likely to face the worst impact of the ongoing Iran war and the resulting energy disruptions, with supply gaps emerging across key economies, global maritime analytics firm Kpler has warned, as reported AFP.“We think Asia will, for now, be the ones suffering the most,” Kpler president Jean Maynier told AFP in an interview…
The Indian rupee depreciated 9.88 per cent against the US dollar in FY26, marking its steepest annual decline in 14 years, according to market data as reported PTI.The last comparable fall was in FY12, when the domestic currency had dropped 12.4 per cent amid a widening current account deficit of 4.2 per cent.The sharp depreciation…
A recent X (formerly Twitter) post has claimed that Sam Altman-led OpenAI may have played a key role in a sharp rise in global memory prices, sparking debate online. Sharing the post, user @aakashgupta wrote: “OpenAI may have caused the worst consumer hardware crisis in a decade with purchase orders that were never real.” In…
MUMBAI: The rupee breached the 94 level for the first time to close at 94.81 per dollar after hitting a record low of 94.84, declining about 4% since late Feb and 11% in the current fiscal year, marking its worst financial year performance in over a decade.Many analysts are forecasting that oil prices will remain…
The weakening of the dollar made bullion, which is priced in the greenback, more affordable for investors using other currencies. “For weeks, gold has been treated as a liquidity asset sold to cover volatility and margin calls elsewhere, but at current levels, it is now looking more like a value proposition for investors, which is…
NEW DELHI: Iga Swiatek, one of the world’s top tennis players, recently opened up about a tough phase in her career after an early exit from the Miami Open. She was visibly emotional after losing to Magda Linette in the round of 64 at the women’s singles event, even stepping aside briefly to wipe away…
TRIGGER WARNING: This article includes references to domestic violence.Taylor Frankie Paul is back in the headlines, and this time, not just because of what happened in the past, but because of how those events still haunt her family. After a disturbing video from a 2023 domestic violence incident leaked online, Taylor says her young daughter,…
As tensions in the Middle East stretch into their fourth week, shockwaves are now being felt across global markets and gold is no exception. The precious metal has taken a sharp hit, tumbling to its steepest weekly fall in nearly four decades, with prices reaching $4,354 per ounce.The fall marks a swift retreat from levels…
Rohit Sharma and Hardik Pandya (BCCI/IPL Photo) Former England batter Kevin Pietersen left out several marquee names, including Rohit Sharma, while naming his all-time IPL XI. During the selection, Pietersen also termed Yuzvendra Chahal’s release by Royal Challengers Bengaluru as the worst decision in the league’s history.Choosing an all-time IPL XI is always a tricky…
MUMBAI: The rupee fell to a record low of 93.71 on Friday, dropping 108 paise from its previous close of 92.63, marking its sharpest single-day decline in four years, as fears of oil prices staying above $100 for longer intensified with the West Asia conflict widening to attacks on energy infrastructure in the region.Forecasters are…
