Economic · Economic

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Ukraine's strikes on Russian refineries highlight Kyiv's growing drone industry

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Russian President Vladimir Putin acknowledged that the country was suffering from "a certain shortage" of fuel after repeated Ukrainian strikes in their four-year war. Moscow is now looking to increase anti-air defence capacity and ensure fuel supplies - which could even imply importing fuel. FRANCE 24's Rochelle Ferguson-Bouyahi tells us more about the shortages, and what they reveal about Ukraine's growing drone industry.

Economic · Economic

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India's textile stocks become market standouts on trade deals

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Indian textile exporters are experiencing a significant stock market surge, outperforming the broader market. New trade deals with the UK, EU, and potential US agreements are boosting competitiveness. Global brands shifting sourcing away from China are also creating opportunities. Investors are optimistic about Indian firms capturing substantial market share, with some analysts predicting further gains contingent on capacity expansion and sustained earnings growth.

Economic · Economic

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Kochugovindan: Expect Fed to Hold Rates For Rest of 2026

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The heads of major central banks discussed changing the inflation outlook at the ECB's annual forum in Portugal. Fed chair Kevin Warsh said price risks have come down in recent weeks, and that his goal remains to bring inflation back to the US central bank's 2% target. Sree Kochugovindan, Senior Research Economist at Aberdeen Investments, spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East and Africa on the inflation gauge. (Source: Bloomberg)

Economic · Economic

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Sensex rises over 400 points, Nifty tops 24,100 as oil slips below $70 on US-Iran peace talks

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Indian stock markets saw a second day of gains, with Sensex and Nifty inching up as oil prices plummeted to $70 a barrel amid US-Iran peace talks. Tech stocks like Infosys led the charge, while broader markets also traded higher. Analysts point to falling crude, strong auto sales, and tapering FII selling as positive near-term drivers, though monsoon progress remains a watch point.

Economic · Economic

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US Federal Reserve chair Kevin Warsh says he will stick by 2% inflation target, vows to bring in real-time economic data for making interest rate decisions

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Federal Reserve Chairman Kevin Warsh declared unwavering commitment to the 2% inflation target, signaling no monetary policy easing despite President Trump's calls for rate cuts. Warsh emphasized the Fed's independence and announced plans to leverage real-time economic data.

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