India has always been a country of dichotomies.It is the world’s most populous nation, fifth biggest economy and home to the highest number of billionaires after China and the U.S. It is a world leader in digital finance, thanks to the creation of digital public infrastructure, and is the world’s third-largest start-up hub.Yet it remains a lower-middle-income economy, with a large share of the population classified as low-income or poor, and is a highly unequal society.India’s climate narrative is, similarly, marked by contradictions.While its contribution to world cumulative emissions is negligible — India accounts for approximately 4% of the global…
Author: usaeverydaylife
Stocks have sold off sharply over the past month, leaving several prominent companies trading at steep discounts to their historical valuations — suggesting a bounce back might be on the horizon. The S & P 500 was down 7.5% in a month in early trading Thursday. The Dow Jones Industrial Average was down about 6% in a month. The Nasdaq Composite was harder hit, dropping 11.4%, putting the tech-heavy index firmly in a correction. Several stocks have seen severe pullbacks as geopolitical turmoil and mounting recession fears have rocked markets, but the recent sell-off has also transformed some into what…
View of the Peace Monument sculpture in front of the Petroleos de Venezuela (PDVSA) headquarters in Caracas, on December 2, 2022.Miguel Zambrano | Afp | Getty ImagesPresident Donald Trump is considering extending Chevron’s license to pump oil in Venezuela, people familiar with the matter told The Wall Street Journal.Trump said in late February that he would reverse a Biden administration decision that allowed Chevron to restart production in Venezuela. The Treasury Department gave Chevron until April 3 to wind down its operations.But the president was open to extending the license during a meeting with Chevron CEO Mike Wirth and other…
EU flags flutter in front of European Central Bank (ECB) headquarters in Frankfurt, Germany July 18, 2024. Jana Rodenbusch | ReutersThe European Union will delay implementing its first set of tariffs on goods from the U.S. until the middle of April to allow for additional time for discussions with Washington, an EU spokesperson told CNBC Thursday.”The Commission has decided to align the timing of the two sets of EU countermeasures against US 232 tariffs on EU steel and aluminum,” the spokesperson told CNBC.”The change represents a slight adjustment to the timeline and does not diminish the impact of our response, in particular as the…
Turkish MPs, mayors, party members, members of different political parties, representatives of non-governmental organizations and citizens protest against the detention warrant of the Istanbul Metropolitan Municipality (IBB) Mayor Ekrem Imamoglu, Beylikduzu Mayor Murat Calik and Sisli Mayor Resul Emrah Sahan, at the CHP Headquarters in Ankara, Turkey on March 19, 2025.Evrim Aydin | Anadolu | Getty ImagesTurkey’s embattled economy is set to endure more turbulence and investor flight as protests erupted against a slew of highly controversial arrests carried out by the government of President Recep Tayyip Erdogan. The demonstrations are in response to the arrest of Istanbul mayor Ekrem Imamoglu, a…
Ukraine attacked an airfield deep inside Russian territory overnight, officials said on Thursday, as the two sides traded strikes amid efforts by the Trump administration to hammer out details of a partial cease-fire.The attack on the Russian airfield came hours after President Volodymyr Zelensky of Ukraine spoke to President Trump and accepted the Kremlin’s offer to mutually pause attacks on energy targets for 30 days as a step toward a broader cease-fire.Russia’s defense ministry said that it had shot down 54 Ukrainian drones in the Saratov region overnight. The region is home to the Engels airfield, which hosts some of…
Check out the companies making headlines before the bell. QXO — The building products distributor added 4.8% after announcing it would acquire rival Beacon Roofing Supply in a deal worth $11 billion. The deal is expected to close by the end of April. Shares of Beacon were trading 2% higher. PDD Holdings — The Temu parent company tumbled 6% after reporting lower-than-expected earnings in the fourth quarter. PDD posted adjusted earnings of 18.53 yuan per share on revenue of 110.6 billion yuan, or $15.2 billion. Analysts polled by FactSet expected earnings of 19.85 yuan per share on revenue of 113.6…
Buy now, pay later firms like Klarna and Block’s Afterpay could be about to face tougher rules in the U.K.Nikolas Kokovlis | Nurphoto | Getty ImagesKlarna, the buy now, pay later lender that’s headed for an initial public offering, said on Thursday that it’s signed on DoorDash as a partner, another sign of momentum for public market investors.It’s DoorDash’s first BNPL alliance and gives users of the restaurant delivery service a new way to pay for meals. Klarna said in a press release that DoorDash customers will be able to pay in full at checkout, split payments into four equal…
Lisa Su, CEO of AMD, attends the Artificial Intelligence (AI) Action Summit at the Grand Palais in Paris, France, Feb. 10, 2025. Benoit Tessier | ReutersWhen Lisa Su became CEO of Advanced Micro Devices in late 2014, the company was in dire straits and on the brink of potential bankruptcy.In its core market, computer processors, AMD wasn’t competitive with rival Intel. The company had billions of dollars of debt, and had committed to manufacturing chips for customers that may or may not exist. By the end of the year, AMD was worth a mere $2 billion in market value, while Intel…
Bank of England, the Royal Exchange and the statue of the Duke of Wellington in the City of London on 19th February 2025 in London, United Kingdom.Mike Kemp | In Pictures | Getty ImagesThe Bank of England left interest rates unchanged Thursday as the U.K. economy contends with uncertainty around global trade and looming stagnation at home.The widely anticipated decision keeps the central bank’s benchmark interest rate at 4.5%.In a statement, the central bank said that its Monetary Policy Committee voted in favor of leaving rates unchanged with an 8-1 majority. One MPC member voted for a 25-basis-point reduction.”Since the…
