Author: Editor-In-Chief
India’s education minister announced on Saturday that he had resigned in a landslide victory for youth demonstrators, but the escalation of youth protests is causing headaches for Prime Minister Narendra Modi’s government. Protesters are demanding accountability after an entrance exam for a prestigious medical school was allegedly leaked and sold, with the unrest led by a youth campaign known as the Cockroach Janta Party (CJP). Dharmendra Pradhan bowed to mounting pressure and announced his resignation on Saturday after tens of thousands of students and supporters took to the streets demanding his ouster and sweeping reforms to India’s exam system. Prime…
Ships in the Strait of Hormuz as seen from Musandam, Oman, July 12, 2026. Stringer | ReutersKarsi market odds on when maritime traffic in the Strait of Hormuz will return to normal were below 50% as of Friday afternoon.The probability that traffic in the strait will return to normal by July 2027 has plummeted from nearly 70% to 47% in the past two days. The decline comes as the United States launched its 13th consecutive night of strikes against Iranian targets, with President Trump hinting at another “massive strike” against Iran in an interview with Axios on Thursday.There is a…
Asia Pacific Image Studio | E+ | Getty ImagesThe Federal Reserve determines the nation’s interest rate policy. But the U.S. central bank is not the only major player in this space. Bond investors also have a significant impact on consumer borrowing costs.Many types of consumer loans, such as mortgages and auto loans, often have fixed interest rates. 10 year US bond. In other words, when the 10-year Treasury yield rises, interest rates also rise, and vice versa. Yields on these bonds have been rising steadily over the past few months. The yield on the 10-year U.S. Treasury note was about…
President Donald Trump attacked reporters Friday at the White House Correspondents’ Association Dinner with humor and vitriol, weaving typical metaphors for political rallies at the newly restarted celebration of press freedom after a mass shooting disrupted the original event in April.Mr. Trump, whose administration has often been at odds with the press, started by largely echoing the evening’s warm, relaxed atmosphere.But much of the hour-long speech veered toward political opponents, reflecting frequently repeated themes and lines of attack.A somber gathering of journalists, politicians and government officials scheduled for April 25 at the Washington Hilton was canceled that night after a…
Oil tankers are increasingly under attack on multiple fronts as economic warfare becomes a weapon in the escalating conflicts in the Middle East and Europe.Iran has stepped up attacks on tankers in and around the Strait of Hormuz this month in a bid to tighten its control over the vital oil corridor. Iran’s allies in Yemen, the Houthis, opened a second front this week by shelling two Saudi tankers in the Red Sea after declaring a maritime embargo on Riyadh. Meanwhile, Ukraine announced that it had attacked more than 150 tankers, cargo ships and other vessels associated with Russia’s shadow…
Jakub Porzycki | Null Photo | Getty Imagesparamount skydance agreed to postpone the proposed acquisition of warner bros discovery The partnership is facing legal issues and is expected to be delayed until June 2027 at the latest, a delay of several months that will ultimately result in an increase in the deal price.Last week, a group of California attorneys general led by Rob Bonta filed a lawsuit seeking to block the deal, citing antitrust concerns. On Monday, the judge reviewing the case issued a temporary restraining order, allowing for a short stay. Paramount has repeatedly said it intends to complete…
Nvidia Corp. Chief Executive Officer Jensen Huang spoke to media members after the company’s “Japan AI Ecosystem” reception in Tokyo on Thursday, July 16, 2026. Kiyoshi Ota | Bloomberg | Getty ImagesNvidia Announced that it has secured the supply of AI memory from South Korea SK HynixThat’s as chipmakers look to lock in key components of their advanced processors and systems.Nvidia said the deal, announced late Friday in San Francisco, could be worth $500 billion over several years and includes construction of a large data center expected to go online in 2027. SK Telecom, a subsidiary of SK Hynix, will…
President Trump goes from joking to mentioning war with Iran President Trump goes from joking to mentioning war with Iran 1:04 President Donald Trump addressed the war with Iran and regional developments Friday. A summary of his comments follows: In his remarks at the White House Correspondents’ Dinner, President Trump said of the war situation, “Everything is going very well. Don’t believe the fake news.” He went on to say that the United States is “attacking Iran very hard” and that Iran no longer has naval and air force capabilities. “Contrary to appearances, they have very few drones left,” he…
An industrial-scale sand battery in Polnainen, Finland, can cover almost a month of the town’s heating needs in the summer and up to a week in the winter.polar night energyA small town in southern Finland has turned to the world’s largest commercial sand battery to solve the most critical problem facing renewable energy: intermittency.Measuring 13 meters high and 15 meters wide, this eye-catching facility uses 2,000 tonnes of crushed soapstone to store clean energy in the form of heat, delivering 100 megawatt hours of thermal energy.This is enough to provide the 5,000 residents of Polnainen with almost a month’s worth…
A German flag flies on a barge near the Volkswagen AG factory in Wolfsburg, Germany, Tuesday, March 10, 2026.Bloomberg | Bloomberg | Getty Imagesvolkswagen The German car giant on Friday reported weaker-than-expected second-quarter profits and abandoned hopes for sales growth in 2026, as it lays the groundwork for a fundamental overhaul of its business. Europe’s largest automaker reported operating profit of 3.5 billion euros ($3.98 billion) in the April-June period, down nearly 10% from a year earlier and below expectations of 4.3 billion euros, according to consensus compiled by LSEG. The company also said it now expects sales revenue to…