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The Latest Breaking News from The Economic Times

India's Russian oil imports rise in May as refiners boost purchases

India continued its strong demand for Russian fossil fuels in May. The nation emerged as the second-largest buyer globally, importing hydrocarbons worth 5.8 billion euros. Crude oil formed the bulk of these imports, with refiners significantly increasing their purchases from Russia. This trend highlights India's strategic energy sourcing amidst global…

The Economic Times

India's Russian oil imports rise in May as refiners boost purchases

The Economic Times

Amazon voiced concerns about Anthropic AI models before US crackdown, source says

The US government ordered AI firm Anthropic to halt its advanced AI models worldwide. This action followed concerns about potential misuse for cybersecurity vulnerabilities. Amazon CEO Andy Jassy reportedly raised security risks to Trump administration officials. Anthropic stated the government cited a method to bypass safeguards. The company complied with…

The Economic Times

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Proposed US-Iran deal hinges on plan of sequenced rewards

President Donald Trump’s proposed Iran deal follows a phased approach under which the Strait of Hormuz would reopen first, while Iran would receive economic benefits only after meeting specific US conditions. The agreement would leave the key issue of Iran’s nuclear programme to a separate 60-day negotiation process, raising concerns…

The Economic Times

FIFA World Cup 2026: Qatar hail first point after late goal stuns Switzerland in 1-1 draw

Qatar achieved a historic moment by securing their first World Cup point. A late own goal by Switzerland forced a 1-1 draw, sending the Qatari team and fans into jubilation. This result leaves Group B wide open. Switzerland will rue missed chances. Qatar's next match is against Canada.

The Economic Times

World Cup 2026: Brazil rallies for 1-1 draw against Morocco in its opener behind Vinicius Junior goal

Brazil and Morocco played to a 1-1 draw in a high-profile World Cup group match. Morocco took an early lead through Ismael Saibari. Vinicius Junior then scored a spectacular equalizer for Brazil. The match saw Brazil extend its unbeaten streak in World Cup openers. Neymar was absent due to injury.

The Economic Times

Project Glasswing melts: US government suspends early access to Anthropic's Fable 5, Mythos 5 within days of rollout

India's brief access to advanced AI models from Anthropic has ended. A US government directive halted local access to Mythos 5 and Fable 5. This development signals a new AI export control regime. Governments now view frontier AI as strategic assets. India's engagement on technology policy faces new challenges.

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Indian staffing cos step up global reach to diversify revenues

Indian staffing companies are actively expanding their global reach. They are tapping into international talent shortages across sectors like healthcare, engineering, and technology. This strategic move aims to diversify revenue and enhance profit margins. Firms are focusing on regions like Southeast Asia, the US, and Europe. This expansion is driven…

The Economic Times

Indian staffing cos step up global reach to diversify revenues

The Economic Times

US ban on Anthropic's Fable 5 & Mythos 5 to put Indian IT services firms at competitive disadvantage

US restrictions on foreign access to Anthropic's advanced AI models, Mythos and Fable 5, are creating a significant competitive disadvantage for Indian enterprises and IT service providers. This exclusion, particularly from Fable 5's coding capabilities, raises concerns about digital equity and strategic dependency, as Indian data contributed to the models'…

The Economic Times

Fashion to Furnace: Some luxury gold watches fail the test of time

Luxury watches like Omega Constellation are being melted for gold. High gold prices make metal value exceed resale worth. This impacts used models from Omega and TAG Heuer. Dealers are scrapping watches as demand for investment gold rises. Some owners find this practice tragic. High-end brands like Rolex and Patek…

The Economic Times

Strait of Hormuz is reopening after this Sunday? Donald Trump shares major update on US-Iran deal

Iran has insisted it will maintain control over the Strait of Hormuz, a key maritime trade route for oil and gas shipments from the Gulf.

The Economic Times

Chinese Proverb of the Day: 'One who has seen the ocean thinks nothing of...'-A timeless lesson about experience and perspective

A Chinese proverb highlights how seeing the ocean changes one's view of rivers. This timeless wisdom explains that significant life experiences expand understanding. What once seemed impressive becomes less so after encountering something grander. This lesson encourages continuous exploration and growth, revealing that personal perspective shapes value and understanding of…

The Economic Times

Quote of the Day by Intel co-founder Gordon Moore: 'With engineering, I view this year’s failure as next year’s...'-A powerful quote on failure and mindset that built the future of technology by creator of ‘Moore’s Law

Gordon Moore, a visionary engineer, believed failures are opportunities for progress. His mindset shaped the technology industry. Moore co-founded Intel and his observation, Moore's Law, guided technological growth. He saw mistakes as lessons, driving innovation. This philosophy fueled Silicon Valley's rapid development. Moore's legacy highlights that persistence through failure builds…

The Economic Times

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The Economic Times

US Open returns to Shinnecock Hills, where the wind keeps

The 126th US Open is set for Shinnecock Hills. Golfers will face a demanding course. Aaron Rai aims to complete a rare double. Rory McIlroy could join an elite group. Scottie Scheffler seeks a win to complete his career Grand Slam. Indian golfers like Akshay Bhatia and Sahith Theegala are…

The Economic Times

Mag 7? MANGOS? SpaceX forces name rethink on Wall Street's tech-stock moniker

SpaceX's massive $2 trillion IPO has challenged the 'Magnificent Seven' moniker, as its valuation now surpasses Tesla and Meta. With other tech giants like OpenAI and Anthropic poised for public debuts, market strategists are scrambling for new labels. While some propose 'MANGOS' or 'Magna Atoms', others believe the 'Magnificent Seven'…

The Economic Times

FIFA blames empty seats at World Cup match in Mexico on fans in concourses

FIFA explained empty seats at a World Cup match in Guadalajara. Many fans stood in concourses instead of their assigned seats. Some empty seats were also seen in Toronto. FIFA is defending its record high ticket prices for the tournament. Many games were sold out before the event began.

The Economic Times

Trump says deal to end war will be signed on Sunday, Iran questions timing

Pakistan and the U.S. announced an initial deal to end the Middle East war, with an electronic signing planned for Sunday. Iran, however, denied the immediate signing, citing hesitation from the other side. The proposed agreement includes reopening the Strait of Hormuz and releasing frozen Iranian assets, though details on…

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The Economic Times

Australia embraces immigrants on World Cup squad with message that soccer is for everyone

Australia's Socceroos are highlighting their immigrant players before the World Cup. This message of inclusion comes as anti-immigrant feelings grow worldwide. Players like Awer Mabil, born in a refugee camp, share their journeys. The team's stance underscores multiculturalism's impact on Australia. This initiative aims to unite people and celebrate diversity.

The Economic Times

Kids' nonprofit in Seattle returns 20 free FIFA World Cup tickets over barring of Somali referee

A Seattle youth soccer group returned World Cup tickets after a Somali referee was denied entry to the U.S. Ali Abdulla, leader of the African Youth Sports Academy, felt betrayed by the U.S. action. His organization decided to forgo the tickets to show solidarity with the referee. The tickets were…

The Economic Times

"It's another game which we are going to play": Harmanpreet Kaur ahead of T20 WC clash against Pakistan

Indian captain Harmanpreet Kaur says her team is focused solely on cricket for the upcoming Women's T20 World Cup match against Pakistan. She acknowledged the pressure of playing Pakistan but stressed enjoying the challenge. The team aims to perform their best and make the most of every moment on the…

The Economic Times

Signed file on 100 per cent ethanol fuel rules: Nitin Gadkari says multiple companies to adopt alternative blend

Union Minister Nitin Gadkari has approved 100 percent ethanol blend fuel. This move aims to significantly reduce India's import dependence on fossil fuels. Maruti Suzuki has launched a WagonR running on 100 percent ethanol. Other companies like Toyota, Suzuki, and Hyundai will soon follow. This initiative promises a viable alternative…

The Economic Times

Canada's Carney says middle-power countries should not compete for favor with the US

Canadian Prime Minister Mark Carney is forging stronger links with Europe. He met with Ireland's leader and French President ahead of the G7 summit. Carney believes middle powers should unite rather than compete for American favor. He highlighted the combined economic and defense strength of Canada and the EU. This…

The Economic Times

Quote of the day by Arthur Schopenhauer: “Wealth is like seawater: the more we drink, the...” — A timeless wisdom lesson on money, success, happiness, human desire, and the hidden trap of never feeling enough

Quote of the day by Arthur Schopenhauer reveals a powerful truth about wealth, success, and happiness. Modern research shows rising income often fails to create lasting satisfaction. Human desire keeps expanding. That is why many achievers still feel empty. His timeless wisdom challenges the endless pursuit of more and redefines…

The Economic Times

Folarin Balogun, who could have played for England or Nigeria, scores 2 for US in FIFA World Cup debut

Folarin Balogun made a stunning World Cup debut for the United States. He scored two goals in their opening 4-1 win against Paraguay. The striker's performance thrilled the sold-out crowd at SoFi Stadium. Balogun's decision to represent the US has paid off handsomely. He became the first American to score…

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