EU sanctions on Russia: Global IT giant Microsoft has restored IT services to Russia-backed Indian oil refinery Nayara Energy, according to a Reuters report. Nayara had sued Microsoft for abrupt suspension of services following European Union’s fresh sanctions on Russia. Read More…
The US trade deficit in goods narrowed to the lowest level in nearly two years in June as imports fell sharply, cementing economists’ expectations that trade likely accounted for much of an anticipated rebound in economic growth in the second quarter. While the unexpected contraction reported by the Commerce Department on Tuesday could prompt economists…
India’s oil and gas sector is undergoing a strategic transformation amid a fast-changing global landscape marked by shifting alliances, sanctions, and rising geopolitical uncertainty, according to the recent Rubix Industry Insights report. Read More…
RBI gold reserves: After a relatively conservative spell of gold buying, the Reserve Bank of India (RBI) stacked up almost half a tonne of gold in the last week of June. In India’s foreign exchange reserves, gold has shown the most substantial growth in recent years, with its value increasing by more than 80% over…