International News
US Fed Holds Interest Rates Steady as Inflation and Living Costs Remain Major Concerns
The US Federal Reserve has kept interest rates unchanged despite persistent inflation and rising living costs, balancing price stability against a weakening labor market and growing economic risks.
Spain Train Collision Kills 68, Dozens Injured in Deadly Rail Disaster
At least 68 people have died and dozens more have been injured after two high-speed trains collided in central Spain on Wednesday morning. The crash sent several carriages off the tracks and raised initial concerns over a computer system failure and possible human error.
Anthropic Files for IPO, Eyes Potential $100 Billion Fundraising
Anthropic, the developer of Claude AI, has filed for an Initial Public Offering (IPO) in the United States, seeking a Nasdaq listing under the ticker symbol “ANT.” Reports suggest the offering could raise up to $100 billion at a valuation of $1.5 trillion to $2 trillion, potentially setting a new record for the world’s largest IPO.
Israel and US Elections Set to Shape Global Politics and Economic Outlook
Upcoming elections in Israel and the United States could have significant implications for Middle East security, the future of the conflict with Iran, US-Israel relations, and the global economy, with energy prices and military spending emerging as key concerns.
US Reportedly Suspends Green Card Processing for Eight Major IT Firms, Raising Concerns for Indian Workers
Reports claim that the Trump administration has suspended Permanent Labor Certification (PERM) processing for eight major technology companies, including TCS, Infosys, Wipro, HCL, Microsoft, Adobe, Cognizant, and Capgemini. If confirmed, the move could delay employment-based green card applications for some Indian IT professionals working in the United States. However, the reported suspension and its scope require official verification.
Gulf Oil Producers Race to Reclaim Market Share as Hormuz Flows Recover
Saudi Arabia, the UAE, Iraq and Kuwait are increasing oil exports as shipments through the Strait of Hormuz gradually recover, intensifying competition for market share lost during the Iran war.
Veteran Actor Nana Patekar Dies at 75 After Cardiac Arrest
Veteran Indian actor Nana Patekar has died at the age of 75 after suffering a cardiac arrest at his residence in Goa.
RBI Raises Repo Rate to 5.50% as Inflation Risks Strengthen
The Reserve Bank of India has increased its policy repo rate by 25 basis points to 5.50%, shifting its monetary policy stance toward calibrated tightening amid rising inflation risks and resilient economic growth.
Lionel Messi Announces Retirement From International Football
Argentina captain and football icon Lionel Messi has announced his retirement from international football, bringing an extraordinary two-decade career with the national team toward an end.
Flydubai Co-Pilot Accused of Attacking Captain Identified as Omani Citizen
The co-pilot accused of attacking the captain of a Flydubai flight bound for Tel Aviv has reportedly been identified as Omani citizen Hamam Al-Hamami, although authorities have not officially confirmed his identity or alleged extremist views.
Bangladesh Faces Shortage of Fresh and Small-Denomination Banknotes
Bangladesh is facing an unusual cash problem as the market struggles with a shortage of fresh and usable banknotes, particularly Tk10, Tk20 and Tk100 notes, despite cash remaining available through banks and ATMs.
Indian Banks Face 3-Day Nationwide Strike, Five-Day Service Disruption Looms
Indian bank employees are set to stage a three-day nationwide strike from September 28 to 30, demanding a five-day banking week, with payments and other banking services expected to face disruptions.