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The war has triggered what energy watchdogs call the largest oil supply disruption in history. With the strait of Hormuz shut and gulf production curbed, global markets are now grappling with a key question, how long will it take for oil supplies to return to pre-war levels?
#oil #war #iran #wion
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SpaceX's blockbuster stock market debut is facing a reality check. After soaring on investor enthusiasm following its IPO, the aerospace giant's shares have come under pressure as market optimism gives way to concerns over valuation, competition, and future growth prospects.
The sharp selloff has turned SpaceX into one of Wall Street's most closely watched stocks, raising questions about whether the company can justify its lofty expectations. Here's a closer look at what's driving the post-IPO decline and what investors are watching next.
#spacex #ipo #stocks #wion
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China's economy is increasingly divided between fast-growing technology hubs and regions struggling with weaker demand, property challenges, and slowing traditional industries. While sectors such as artificial intelligence, advanced manufacturing, and exports continue to drive growth, many provinces remain under pressure. Analysts describe the trend as a "geographic K-shaped economy," where different parts of the country are moving in sharply different economic directions.
#china #economy #tourism #wion
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Kevin Morrison from the Institute for Energy Economics and Financial Analysis says the regional diesel price is trading higher than ever before because the US-Iran conflict is restricting oil shipments through the Strait of Hormuz and there's a squeeze on refining capacity drving up prices. He said the crude coming of the Middle East is more suited to making diesel than petrol.
He says Australia is big importer and consumer of diesel and has a month's stockpile left, "well short" of the international benchmark. And he says while more than 75 per cent of the world's oil is still flowing, it will take a while before stockpiles diminish. But he says without positive developments in the Strait of Hormuz "we could be back to a very tightening situation come September, October."
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The U.S. Federal Reserve has left interest rates unchanged under new Chair Kevin Warsh, even as inflation remains well above the central bank's 2% target. The decision highlights the delicate balancing act facing policymakers as they try to curb inflation without slowing economic growth too sharply. With officials divided on the path ahead, investors are closely watching for clues about future rate moves and the broader outlook for the U.S. economy.
#fed #business #usa #wion
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The world's richest man, Elon Musk, has issued a stark warning on America's growing debt burden, saying the country faces financial collapse without a major boost to economic growth.
#musk #usa #bankruptcy #wion
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Ukrainian President Volodymyr Zelensky arrives in the United States for a crucial meeting with President Donald Trump as the war in Ukraine enters a critical phase. The high-stakes talks are expected to focus on military aid, sanctions on Russia, security guarantees, and the future of U.S.-Ukraine relations. With fighting intensifying on the battlefield, global attention is fixed on the outcome of this pivotal diplomatic meeting.
#zelensky #trump #ukraine #russia #ukrainewar #us #washington #diplomacy #putin #nato #militaryaid
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Russiaโs biggest online retailer, Wildberries, is facing major disruption after Ukrainian drone attacks damaged at least seven of its warehouses.
#russiaukrainewar #wildberries #wion
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"If you truly want to yank that economic wealth that has been, over the years, taken by others, you will need to back some winners."
Speaking to Shereen Bhan, Rahul Bhatia, MD, InterGlobe Aviation, says India's aviation ambitions aren't about competing within the country, but about India competing with the world โ pointing to how dominant carriers like Emirates, Qatar Airways and Lufthansa command their home markets.
Bhatia argues that as India eyes becoming the world's third-largest aviation market, it needs to back a few big winners and let them grow, rather than spreading scale thin across many players.
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About CNBC-TV18: India's leading business news channel, CNBC-TV18 offers the most comprehensive coverage of businesses, the economy and the financial markets. Catch all your favourite shows, exclusive videos, big-ticket interviews and more here.
The world's economic map is being redrawn.
Goldman sachs has released a sweeping forecast, and it tells you exactly who will be on top in 2050 and 2075. The projections are striking.
And they matter for every investor and every government planning for the future.
#china #economy #wion #businessnews
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PM Modi in Europe LIVE| Copenhagen | Prime Minister Narendra Modi on Tuesday arrived in Denmark on the second leg of his three-nation Europe trip. As a special gesture, Danish Prime Minister Frederiksen received PM Modi at the airport. PM Modi held talks with his Danish counterpart Mette Frederiksen and will also attend the 2nd India-Nordic Summit.
It is PM Modi's first visit to Denmark, where he will take part in bilateral and multilateral engagements on Tuesday and Wednesday. Modi arrived in Copenhagen from Germany where he held detailed bilateral discussions with German Chancellor Olaf Scholz and co-chaired the India-Germany inter-governmental consultations.
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US Election 2024 LIVE: Polls Indicate Harris Gaining Big Early Voting Lead Despite Trump's Push
With just three days left for the November 5 polls, the 2024 US Presidential election has already set records for pre-Election Day votes. While Republicans have been excitedly urging people to take part in early voting, things are looking great for Vice President Kamala Harris. Pollings are now suggesting that the Democratic presidential nominee is significantly ahead among those who have already voted either through absentee, mail-in or in-person ballots. Recent national polling from ABC News/Ipsos, The New York Times/Sienna College and CNN show that Harris is leading Trump by 62 per cent to 33 per cent; 59 per cent to 40 per cent; and 61 per cent to 36 per cent respectively.
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The US President rocked global markets again. Donald Trump took to Truth Social to announce even tougher tariffs on China and a 90-day pause on higher tariffs for dozens of countries.
James was joined by Dharshini David, Deputy Economics Editor, and Erin Delmore, North America Business Correspondent in New York as the news broke.
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U.S. manufacturing activity shrank in October for an eighth straight month, driven by the uncertainty around tariffs and weak demand.
Separately, the U.S. Consumer's durability as a prop for the economy may be tested in the coming weeks.
#usa #economy #trumptariffs #wion
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Donald Trump's pause on a suite of tariffs that shook global markets this week has been controversial and drawn accusations of market manipulation, but may simply be a hardball tactic to recalibrate the world economy to Washington's advantage.
Trump's reciprocal tariffs first struck after midnight on Wednesday, and sent markets plummeting. He was quick to post to his Truth Social platform after the start of morning trade, telling investors to "BE COOL! Everything is going to work out well. The USA will be bigger and better than ever before!" and, minutes later, "THIS IS A GREAT TIME TO BUY!!!."
Within hours, he'd reversed course: While the US will maintain a universal 10% levy on imports at the border, a swath of additional taxes โ for some nations as high as 50% โ were lifted.
Chapters
00:00 Introduction
00:24 Timor Besedes, Economics Professor, Georgia Institute of Technology
04:18 Glenn Tiffert, Hoover Institution
09:24 Bruce Stokes, German Marshall Fund
The news sent diving markets suddenly soaring to the biggest single day on the S&P 500 and second-best for the Nasdaq since 2008.
Only China saw its tariffs remain in place, with Trump further increasing them.
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During a US Senate finance committee hearing, the US senator from Virginia Mark Warner slammed Donald Trump's 10% tariff on Australian imports, referencing the free trade agreement between the two countries and Australia's trade surplus with the US.
The senator labeled the new tariff policy 'insulting' and 'ridiculous', calling Australia 'one of our strongest allies'.
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