BERLIN, Aug 22 (Reuters) – Germany’s economy shrank by 0.3% in the second quarter compared with the first three months of the year, as demand from its top trading partner the United States slowed following months of buying ahead in anticipation of U.S. tariffs. The statistics office revised on Friday its preliminary reading of a…
Sri Lanka’s former president Ranil Wickremesinghe has been arrested in connection with the alleged misuse of funds, police have said. He faces three charges related to trips he took abroad while serving as president. Wickremesinghe arrived at magistrates court in the capital Colombo on Friday, having already given a statement to the Criminal Investigations Department…
For more than two decades, Washington and New Delhi built a strategic partnership that was hailed as one of the great success stories of post–Cold War diplomacy. Today, that relationship is facing its most serious test in years — and India is signaling it has other options. “We’re in a situation in the U.S.-India relationship…
Top 10 biggest oil and gas companies by market cap 2025: Saudi Aramco is valued at a staggering $1.55 trillion, making it the largest oil and gas company on the planet by market capitalisation. Read More…
Industry leaders on Wednesday called for expanding India’s Free Trade Agreements (FTAs) to secure preferential treatment in international markets, while stressing that sustainability and policy support will be critical for positioning India as a global manufacturing hub. Read More…
Russian President Vladimir Putin is demanding that Ukraine give up all of the eastern Donbas region, renounce ambitions to join NATO, remain neutral and keep Western troops out of the country, three sources familiar with top-level Kremlin thinking told Reuters. The Russian president met Donald Trump in Alaska on Friday for the first Russia-U.S. summit…
Strong government expenditure, strengthening rural demand, and buoyant services industry supported India’s economic growth to a median of 6.7% in the first quarter of FY26, according to an ET poll of 14 economists. Read More…
Despite global uncertainties, exports of major textile commodities increased 5.37% to $3.1 billion in July 2025 compared to $2.94 billion in the year-ago period, the government said Wednesday. Despite global uncertainties, India’s textile exports continue to chart a positive growth trajectory, reaffirming the sector’s role as a key driver of employment, exports, and economic growth,”…
India’s smartphone exports surged 30 percent on-year during the first half of calendar year 2025 to touch 40 million units, powered by a rush of iPhone shipment to the US ahead of the impending 25 percent tariff deadline at the end of August, with Apple’s exports rising 53 percent to cross the 20-million mark in…
Anchored by a deep home market which can act as a buffer against global trade volatility, the Indian retail sector is projected to nearly double to $1.93 trillion by 2030 from $1.06 trillion in 2024, growing at a compound annual growth rate (CAGR) of 10 per cent, according to a Deloitte–FICCI report issued on Wednesday.…