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Gold hits near 2-week low as Trump announces Israel-Iran ceasefire
Gold prices dipped to a near two-week low following Donald Trump's announcement of a ceasefire agreement between Iran and Israel, which reduced safe-haven demand. The agreement, brokered by Trump, comes as the U.S. Federal Reserve considers potential interest rate cuts amid concerns about the job market and the impact of tariffs on inflation.
Best 2-star AC to beat the heat without overspending
The best 2-star air conditioner is a balance between price and performance. It could be a lightweight 1-ton window AC for your little room or a sturdy 2-ton inverter split AC for your fantastic big room. All these air conditioners offer affordable and reasonable, and easy options for ordinary cooling without emptying your wallet! This collection highlights the best 2-star air conditioners available that are energy-efficient, have cheap running costs, are easy to service, and have long lifespans in rooms of all sizes.
ET World MSME Day 2025: Driving innovation, impact, and intelligence
Recognising the potential, contribution and achievements of MSMEs in the fields of innovation, impact and intelligence, ET World MSME Day celebrates the 63 million small businesses of the country.
Banks are financing their own multitrillion-dollar nightmare
Despite climate risks, the world's largest banks increased fossil fuel financing to $869.4 billion last year, reversing previous declines. This surge aligns with a political shift against environmental considerations, potentially costing trillions in global GDP and exacerbating climate-related economic damage. The US alone faces significant financial losses and increased risks to home valuations due to climate disasters.
The Trumps promote a new crypto venture: Bitcoin Mining
Eric Trump is partnering with Hut 8 to launch American Bitcoin, a bitcoin mining company, leveraging his father's administration's energy policies for a competitive edge. This venture raises conflict of interest concerns, as the Trump family deepens its involvement in the crypto industry while President Trump champions pro-crypto policies, potentially benefiting their business ventures.
Is parametric insurance the next big thing in insurance?
As climate, technology, and disaster risks intensify, parametric insurance offers a fast, data-driven alternative to traditional models. From agriculture to travel, SMEs to energy, its predefined triggers ensure swift pay-outs and financial stability. This evolving model enhances resilience, making risk management smarter, faster, and more future-ready.
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Price wars hurt payment firms; CG Power’s fab play falters
Happy Friday! Payment aggregators are slashing fees to stay in the game. This and more in today’s ETtech Morning Dispatch.
$244 billion a year: The cost of Canadian wildfire crossing borders across US?
A recent study reveals that wildfire smoke poses a significant threat to American health and economy, surpassing many other climate change effects. Increased wildfires, intensified by global warming, have expanded smoke exposure across the US, reversing air quality improvements. The economic impact, including increased deaths and healthcare costs, could reach trillions of dollars.
Why RBI will hit a hattrick of 25 bps rate cut tomorrow
Despite global economic uncertainties, India's economy shows resilience with a 7.4% growth in Q4 FY25. The RBI, supported by benign inflation and moderate growth, is expected to cut the repo rate by 25 bps to 5.75% in June. This move aims to boost economic activity, encourage borrowing and investment, and foster job creation, marking the third consecutive rate cut.
Future-proofing the business: How Indian firms are leveraging ESG for growth
Integrating sustainability is crucial for navigating risks, enhancing brand value, and ensuring long-term business resilience in a volatile world.
More roof leaks and power cuts? World Bank says climate change will hit homes hard
World Environment Day 2025: More than 60% of households and firms in South Asia have experienced extreme weather events in the past five years, and this number is expected to rise to over 75% in the next decade, according to the World Bank. The region faces increasing risks from heatwaves and floods, with nearly 90% exposed to intense heat by 2030. Meanwhile, the World Meteorological Organization forecasts record-breaking global temperatures in the coming years. Both reports stress urgent government action and private sector adaptation to manage growing climate threats.
Tariff war will weigh on capital investment & diminish demand: ADB President Masato Kanda
The Asian Development Bank (ADB) is set to invest $10 billion over five years to upgrade India's urban infrastructure, including metro extensions and rapid transit systems. ADB expects India's GDP to grow at 6.7% in FY26 and 6.8% in FY27, surpassing other developing Asian economies. The bank supports India's reforms, particularly in manufacturing and skills development, and encourages trade diversification.
Best Single Door Refrigerators under 15,000 in India with Smart Features and Great Cooling (2025)
Choosing the best single door refrigerator under ₹15,000 can be challenging with so many models offering a mix of features, efficiency, and style. This article compares the top budget-friendly options from trusted brands like Whirlpool, Godrej, Haier, IFB, and Voltas Beko. It covers key aspects such as cooling performance, energy ratings, storage capacity, inverter compatibility, and build quality. Whether you need fast ice-making, large vegetable crispers, or stabiliser-free operation, this list helps you find the ideal fridge for small families, couples, or bachelors.
At least 111 people dead after floods submerge a market town in Nigeria
Torrential rains and a dam collapse in central Nigeria's Niger State led to devastating floods in Mokwa, resulting in at least 111 confirmed deaths. The market town, a crucial trading hub, was submerged, displacing numerous residents. Poor infrastructure exacerbated the impact, prompting calls for climate resilience projects to mitigate future disasters.
RBI expects above-normal monsoon showers to wash away inflation fears
The RBI anticipates eased food inflation and improved agricultural production in 2025-26, thanks to an early and above-normal monsoon. While the early monsoon arrival boosts prospects for kharif sowing and rural incomes, concerns remain about potential crop damage from excessive or unevenly distributed rainfall. Government initiatives aim to enhance farm productivity and climate resilience.
RBI to use shredded banknotes in making particle boards
The Reserve Bank of India is taking steps to be more environment-friendly. It will now use shredded banknotes to create particle boards. This initiative aims to replace wood particles in the boards. A study confirmed the suitability of currency briquettes for this purpose. The RBI is now seeking particle board manufacturers for empanelment.
RBI to harmonise loan income recognition rules and review lending practices
Reserve Bank of India will harmonize loan regulations. This will bring uniformity across lenders. RBI plans a review of non-fund based facilities. Liquidity stress testing will be enhanced. New guidelines will cover climate-related financial risks. A data repository for climate risk information will be launched. Draft guidelines on Expected Credit Loss are expected soon.
Bharat Forecast System launched: How new weather model with world's highest-resolution will help India
India introduces the Bharat Forecasting System. This system offers highly localised weather predictions. It uses a 6-kilometre resolution. This is the highest resolution globally. The system uses the supercomputer Arka. It will improve forecasts for disaster management. It will also help agriculture and water resource management. Union Earth Sciences Minister Jitendra Singh will dedicate the BFS to the nation.
Donald Trump’s ‘little problem’ with Tim Cook is a big one for Apple
Apple's stock performance has lagged behind other tech giants, partly due to President Trump's criticisms regarding its global manufacturing. Concerns about Apple's AI competitiveness and a potential slowdown in the China market further contribute to investor caution. Political uncertainty, high valuation, and growth concerns add to the challenges, making it an under-owned mega-cap tech stock.
Australia’s deadliest floods in years kill 4, leave 50,000 stranded in crisis
Australia grapples with severe floods in New South Wales. Relentless rains submerge towns, causing deaths and isolating residents. Emergency services conduct numerous rescues. Power outages and infrastructure damage plague the Mid North Coast. Dairy stocks and livestock suffer losses. Government provides disaster relief. Heavy downpours are expected to continue. Climate change intensifies extreme weather events.
Donald Trump's tax and spending mega-bill to cost millions of jobs in US, drive up your bills
The US House passed President Trump's "One Big, Beautiful Bill Act," a sweeping tax and spending measure. It aims to extend 2017 tax cuts by shrinking social safety nets and reversing Biden's climate initiatives, including electric vehicle mandates. Experts warn the bill could cost 830,000 jobs, raise energy bills, and increase pollution.
Carney fumes as Canadian diplomats caught in Israeli army’s firing line in West Bank
A diplomatic delegation faced gunfire in Jenin, escalating tensions. Canada, France, and Italy summoned Israeli ambassadors. Prime Minister Mark Carney criticized Israel and threatened sanctions. Canada has adopted a firm stance on the Israel-Hamas conflict. Canada has suspended arms exports to Israel. Canada pledged $215 million in humanitarian aid for Gaza and the West Bank.
The hottest jobs 5 years from now? The answers will surprise you
The job market is evolving too fast for five-year career predictions. Experts say AI, climate tech, space tech, and bioengineering will reshape entry-level roles. Skills in data science, automation, IoT, sustainability, and digital transformation will be key across sectors—from agritech and pharma to banking, manufacturing, auto, FMCG, and e-commerce—as new jobs replace older ones.
Empowering the Global South through sustainable innovation
Across the Global South, communities are embracing innovative, decentralized renewable energy solutions to combat climate change and energy poverty. Entrepreneurs are developing microgrids and solar-powered systems to improve living standards and expand energy access. International collaboration and strategic investments are crucial to scaling these initiatives, fostering a more equitable and sustainable future for developing nations.
Ministers meet in Copenhagen to keep the world on course for collective and ambitious climate action
Ministers and leaders from nearly 40 countries are meeting on Wednesday and Thursday for the fourth edition of the Copenhagen Climate Ministerial hosted by Denmark, Azerbaijan and Brazil. The informal meeting will focus on the time submission of ambitious national climate targets or NDCs for 2035 by countries, mobilizing financial flows for climate action is developing countries, climate action by sub-national entities such as states, cities, businesses, just transition to a low carbon development pathway, adaptation, and implementing the outcomes of the first Global Stocktake such as the tripling of renewable energy capacities and doubling the rate of energy efficiency by 2030
Clean energy, costly future: Rajasthan's forest communities fight to save ancestral land
The project requires felling over a lakh trees, leading to potential loss of income, food, and cultural identity for villagers.
Biggest polluters need ‘breathing space’ to reform, DBS says
DBS emphasises holding clients accountable for their transition efforts, even considering cutting ties with those who show a lack of commitment.
India's appeal for investors dimmed but not derailed by conflict with Pakistan
Despite escalating tensions between India and Pakistan, analysts believe the impact on India's appeal to foreign investors will be limited. India's strong domestic consumption, dovish monetary policy, and focus on trade deals with countries like the UK and the U.S. are expected to sustain investor confidence.
India's appeal for investors dimmed but not derailed by conflict with Pakistan
Recent India-Pakistan tensions might affect foreign investment. However, analysts believe the impact will be limited. India's economy has little direct trade with Pakistan. Past conflicts had short-lived effects on Indian assets. Focus remains on trade deals, like the one with the U.K. and ongoing talks with the U.S. These deals and central bank policies will shape India's growth.
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