Business
Weak US Bond Demand Fuels Alarm as Treasury Yields Reach Multi-Decade Highs
Weak demand for long-term US government bonds is pushing Treasury yields to multi-decade highs. Buyers have not disappeared, but investors are demanding greater returns as inflation, rising interest costs and Washington’s $40 trillion debt intensify concerns.
G7 Approves 100 Million-Barrel Fuel Reserve Release as Diesel Crisis Deepens
G7 countries will release up to 100 million barrels of diesel and crude oil from strategic reserves as disrupted shipping, refinery outages and the Middle East conflict drive fuel prices higher and place renewed pressure on households, transport and industry.
Germany Faces Weak Labour Market as Energy Costs Drive Inflation Higher
Germany’s unemployment and inflation are rising as the economy struggles with expensive energy. The loss of Russian pipeline gas has weakened the industrial advantage once enjoyed by its manufacturers and intensified pressure on jobs, investment and growth.
India’s Industrial Output Jumps 8% as Manufacturing Accelerates
India’s industrial production grew 8% in August, beating expectations and accelerating from July. Manufacturing and electricity led the expansion, while capital-goods output surged 16.9%. Mining, however, contracted sharply and consumer non-durables remained weak.
SpaceX Achieves First Starship Orbit Despite Engine Failure
SpaceX’s Starship has reached Earth orbit for the first time and deployed 26 Starlink satellites. The milestone flight was shortened from ten hours to three after an engine shut down prematurely, but the spacecraft completed a controlled return over the Pacific.
Global Bond Sell-Off Deepens as US Yield Hits 19-Year High
A global bond sell-off has pushed the benchmark US 10-year Treasury yield above 5.27%, its highest level in 19 years. Rising oil prices, persistent inflation and concerns over mounting government debt have driven borrowing costs higher across major economies.
Trump and Xi Prepare for High-Stakes Washington Talks
Donald Trump and Xi Jinping are preparing for high-level talks in Washington focused on trade, rare-earth supplies, artificial intelligence, Taiwan and Iran. The summit follows an agreement to extend a tariff truce, but expectations of a major breakthrough remain limited.
Modi Could Visit Canada as India and Canada Race to Finalise Trade Deal
Prime Minister Narendra Modi could visit Canada as New Delhi and Ottawa work to conclude a comprehensive trade agreement by the end of 2026. The proposed trip has not been formally scheduled, but it could provide the setting for signing the pact if negotiations are completed in time.
India’s 7.8% Growth Wins Praise from JPMorgan CEO Jamie Dimon
JPMorgan Chase CEO Jamie Dimon has praised India’s 7.8% growth and its position as the fastest-growing major economy, while warning that inconsistent taxation, uneven enforcement of rules and barriers facing foreign companies could prevent the country from converting momentum into investment.
Gas Found off Konark as ONGC Expands Deepwater Exploration
ONGC has found natural gas in a deepwater well 43 km off Odisha’s Konark coast, offering fresh evidence of the Mahanadi Basin’s potential. The company says the initial flow is encouraging, but reserve size, commercial viability and any production timetable still require more testing and appraisal.
Tata Trusts Declares Chandrasekaran’s Reappointment "void ab initio"
Tata Trusts has declared N Chandrasekaran’s reappointment as Tata Sons chairman invalid, arguing that the board vote lacked the mandatory support of both Trust-nominated directors. The dispute exposes a deeper battle over leadership, listing and control of the Tata Group.
A 94% Collapse in Container Traffic Shows the Gulf Crisis Is Bigger Than Oil
Container traffic through Hormuz has reportedly fallen 94%, while grain, steel, fertiliser and manufactured goods are also being disrupted. With insecurity spreading towards Bab el-Mandeb, the Gulf crisis is becoming a global supply-chain problem far beyond oil.