Maha Kumbh Mela stampede: dozens feared dead at religious festival in India
A stampede broke out at the ongoing mega Hindu religious gathering of Mahakumbh in India’s Prayagraj during the early hours…
Norway’s $1.8 trillion fund surges 13% on tech boom, but misses target
Norway’s colossal $1.8 trillion sovereign wealth fund, one of the world’s largest, posted a robust 13% return in 2024, translating…
Record sales, shrinking margins: a mixed quarter for Maruti Suzuki
Maruti Suzuki India Ltd., the dominant player in India’s automotive market, reported a quarterly profit that fell short of expectations,…
Czech Republic’s central bank may allocate 5% of reserves to Bitcoin
The Czech National Bank (CNB) is considering a groundbreaking move—investing 5% of its €140 billion ($146.13 billion) foreign reserves into…
Bank of Canada expected to cut interest rates again: here’s why
The Bank of Canada is expected to lower its key interest rate by 25 basis points on Wednesday, as mounting…
Germany cuts GDP forecast to just 0.3% for 2025: ‘The diagnosis is serious’
Germany’s government announced on Wednesday that it has revised its economic growth forecast for 2025 down to just 0.3%, citing…
EU plans new Russia sanctions, targeting aluminum and gaming consoles
The European Commission has introduced a new set of proposed sanctions against Russia in response to its ongoing invasion of…
How billionaire Caltagirone could influence Italy’s banking M&A wave
MILAN (Reuters) -Italian billionaire Francesco Gaetano Caltagirone has emerged as a leading player in the reshaping of Italy’s financial sector…
The hidden costs of Russia’s war: is a cease-fire the only option?
The vulnerabilities in Russia’s war economy are becoming increasingly evident. Despite President Vladimir Putin’s claims of resilience, the reality is…
How Trump’s aluminium and copper tariffs could drive up prices for US consumers
Analysts and industry participants said on Tuesday that President Donald Trump’s promised tariffs on US copper and aluminium imports would…