The Economic Times
Latest crypto news and market updates from The Economic Times.
US tariffs hit Canada's 70-year-old honey farmA 70-year-old family-run Canadian honey farm is facing a potential financial crisis after the United States imposed a 50% tariff on Canadian goods, including natural honey. With around 90% of Podolski Honey Farms production sold to American customers, general manager Osee Podolsky says the new duties could make exports unviable and push the Manitoba business toward bankruptcy.The Economic Times
Rahul Gandhi says women belong to themselves, rejects Manusmriti's prescription about their identityRahul Gandhi passionately asserted that women are independent individuals who do not belong to their male relatives. He denounced the outdated perspectives of the Manusmriti that enforce female dependence. With the dreams and aspirations of seventy crore women, India's true potential can be unlocked. He stressed that women represent the nation’s greatest strength and should empower themselves with self-belief and confidence.The Economic Times
India's 1st big biopolymer plant set for Oct launchIndia's first large-scale biopolymer plant in Lakhimpur Kheri is nearing its October operational launch. This pioneering project will convert locally grown sugarcane into PLA-based bioplastic. The facility features a Zero Liquid Discharge system to prevent harmful liquid waste. Chief Minister Yogi Adityanath laid the foundation stone for this significant industrial development.The Economic Times
Gas prices fall, US wholesale inflation cools in JulyWholesale inflation saw a notable decrease last month, easing price pressures. Gas prices reversed some earlier increases, contributing to this cooling trend. Core wholesale inflation also dropped, indicating broader price moderation across sectors. This development provides the Federal Reserve more flexibility regarding interest rate decisions. Consumer prices continue to outpace wages, presenting ongoing affordability challenges for many Americans.The Economic Times
Air India Phuket-Delhi flight had hydraulic failuresAir India flight AI2379 from Phuket to Delhi experienced technical warnings on August 4. The Airbus A320 aircraft suffered a sudden 300-foot altitude drop over Odisha. This incident resulted in injuries to twenty passengers and four cabin crew members. A post-flight maintenance report revealed multiple system warnings and alerts.The Economic Times
Indian envoys meet Nepal, Bangladesh PMsNepal's Prime Minister Balendra Shah met Indian envoy Naveen Srivastav, ending his ban on individual foreign envoy meetings. Bangladesh Prime Minister Tarique Rahman also met Indian High Commissioner Dinesh Trivedi in Dhaka. Bangladesh again sought the extradition of Sheikh Hasina for student leader Osman Hadi's murder. Rahman will attend the BRICS summit outreach meeting as BIMSTEC chair. Both meetings aim to advance bilateral ties and cooperation between the nations.The Economic Times
Traffic through Hormuz dwindles this weekShipping traffic through the Strait of Hormuz has significantly decreased this week. Markets are closely watching Iran and Oman talks for waterway reopening signs. Several Chinese and Indian refiners seek discounted crude oil from Iraq. However, shipowners remain wary of entering the waterway due to risks. Meanwhile, traffic through the Bab el-Mandeb strait on the Red Sea has increased.The Economic Times
US may face tough missile choices amid Iran warUS Iran war news: American military commanders warn of hard decisions regarding missile defense resources. Ongoing conflict with Iran is heavily pressuring United States military stockpiles. US European Command chief alerted Pentagon about insufficient naval assets for Israel's defense. Shrinking missile stocks raise concerns about future conflict readiness and replenishment timelines. Analysis indicates significant depletion of advanced missile inventory over recent weeks.The Economic Times
Iran issues fresh oil threat as Hormuz tensions riseIran warns of regional oil disruption if its exports are blocked. The United States conducted further strikes against Iran's infrastructure. President Trump threatened to destroy Iranian bridges or power plants. Diplomatic efforts show little public sign of progress between the nations. The conflict threatens worldwide economic disruption and rising fuel prices.The Economic Times
'152 paper leaks in 10 yrs': RaGa's new claimRahul Gandhi highlighted recurring examination paper leaks affecting millions of students. He stated approximately one paper leaks each month over the past decade. This situation has led to widespread student protests across the nation. Gandhi criticized the government's handling of these peaceful student demonstrations. He also noted the immense stress and pressure faced by students due to these irregularities.The Economic Times