UP launches Bharat Taxi with zero commission, farm loan scheme at 6%
Uttar Pradesh rolled out Bharat Taxi on zero commission with ₹5 lakh social security for drivers, and cut cooperative bank farm loan rates to 6% under a new scheme.
Economy
Swiss Upper House Backs 90% CET1 Capital Rule for UBS
Switzerland's upper house voted to require UBS to back its foreign units with 90% Common Equity Tier 1 capital, rejecting a softer alternative.
China's clean tech exports offset emissions exceeding UK's annual output
Chinese clean technology exports avoided 374 MtCO2 in 2024, more than the UK emitted, with lifetime savings projected at 6,900 MtCO2, according to new analysis.
Brics to form working groups on taxation, transfer pricing and revenue data
Brics nations will set up working groups on international taxation, transfer pricing and revenue statistics to deepen tax cooperation.
Ukraine Shifts Danube Vessel Clearance to Black Sea to Cut Two-Week Queue
Vessels heading to Ukraine's Danube ports will now be cleared in the Black Sea rather than inside the Sulina Canal, in a bid to ease a two-week shipping queue.
Tauron to invest up to 3.5 billion zlotys in Siersza plant overhaul
Tauron will redevelop its Siersza coal power plant with up to 3.5 billion zlotys, adding gas, storage and solar capacity as part of a wider transition away from coal.
Keralam seeks 150 MW more from NPCIL to ease peak-hour power curbs
Keralam expects 150 MW more from NPCIL as it works to close a peak-demand gap that has forced evening power curbs.
Delhi HC grants bail to ex-ADAG executive Amitabh Jhunjhunwala in ED case
Delhi High Court grants bail to former ADAG executive Amitabh Jhunjhunwala on medical grounds in an ED money laundering case.
OECD Lifts Turkey Inflation Forecast, Cuts Growth Outlook for 2026-27
The OECD has raised its inflation forecasts for Turkey and lowered its growth projections for 2026 and 2027, marking its third growth downgrade this year.
Swiss Upper House Backs 90% CET1 Capital Rule for UBS Foreign Units
Switzerland's upper house voted for rules requiring UBS to back foreign units with 90% CET1 capital, rejecting a tougher government proposal.
UK Pledges Energy and Air Defence Aid to Ukraine at UN Gathering
Britain will contribute to Ukraine's energy infrastructure and explore low-cost air defence options, PM Andy Burnham said during talks with President Zelenskyy in New York.
Portugal Says REN Stake Buy Won't Affect China's State Grid Holding
Portugal's government says its return to grid operator REN will not alter State Grid's 25% stake, which it wants the Chinese utility to retain.
Trump Weighs Diesel Export Ban as Fuel Prices Squeeze US Consumers
Soaring diesel prices are pressuring Trump to consider an export ban ahead of midterms, but analysts warn it could backfire.
Modi May Attend G20 Summit in US as Trade and Russian Oil Tensions Simmer
PM Modi is likely to travel to the US for the G20 Summit in December, with trade tensions and India's Russian oil imports set to shape the agenda.
IMF flags downside risks for Sri Lanka despite resilient economy
IMF says Sri Lanka's economy remains resilient but risks are tilted to the downside, urging reforms and prudent policies.
Canada Steps Into UN Spotlight as Carney Champions 'Middle Powers'
Canada is taking a more prominent role at the UN this year, with PM Mark Carney pushing a 'middle powers' strategy and courting new trade partners.
Chinese private crushers return to Australian canola after five-year gap
Private Chinese crushers have bought Australian canola for the first time since 2020, with a new-crop cargo booked for March and an old-crop shipment already delivered.
Wheat Prices Surge as Black Sea Supply Crunch Squeezes Global Buyers
Global wheat buyers face sharply higher prices as Black Sea supply disruptions from the Russia-Ukraine war force a scramble for alternative cargoes.
Yuan Softens as PBOC Ends 10-Session Strengthening Streak
China's yuan weakened after the PBOC set a softer guidance rate for the first time in 11 sessions, as trade tensions with Europe mount.
Gold slips as rate outlook and firm dollar weigh on sentiment
Gold eased as investors weighed prolonged high interest rates and a firm dollar, with Middle East risks and central bank buying in focus.