Economy News
Quote on New Year by Robin Sharma: Dont live the same year 75 times and
Robin Sharma, a celebrated author and leadership guru, encourages people to embrace growth. His famous quote, 'Dont live the same year 75 times and call it a life,' urges a departure from routine. Sharma's work, including 'The Monk Who Sold His Ferrari,' inspires millions to seek new experiences and evolve.
China's factory activity edges back to growth in December, private PMI shows
The world's second-largest economy remains on track to meet its full-year growth target of around 5% for 2025, despite a trade war with the U.S., a prolonged property slump and generally weak domestic demand.
Breaking News Live Updates: Delhi AQI at 383 hits travel as flights, trains and traffic suffer
World bids farewell to 2025, a year of Trump, truces and turmoil
The year 2025 saw trade wars, a Gaza truce and ongoing conflict in Ukraine. Looking ahead, 2026 promises space missions, the Winter Olympics and an expanded football World Cup.
Drones dive into aviation's deepest enigma as MH370 hunt restarts
This new phase, expected to last up to 55 days, targets a tighter search zone of about 5,800 square miles -- far smaller than earlier efforts and pinpointed using updated satellite data, drift modeling and expert analysis.
Chinese New Year 2026: The 2026 Lunar New Year begins on February 17, marking the rare Year of the Fire Horse. It lasts 16 days and ends with the Lantern Festival on March 3, coinciding with a blood moon total lunar eclipse. The Fire Horse year brings dynamic energy, bold action, and rare astrological events. Family reunions, global celebrations, and celestial alignments make it a unique, highly anticipated festival worldwide. Zodiac enthusiasts should check animal signs and traditions, as lunar dates influence birthdays and fortune predictions, making this year both culturally and astrologically significant.
US Federal Reserve officials showed deep divisions at December meeting, minutes show
Even some of those who supported the rate cut acknowledged he decision was finely balanced or that they could have supported keeping the target range unchanged, given the different risks facing the U.S. economy, according to the minutes released on Tuesday.
New Year vibes, from the newest thought leaders on the block
Gen Z is leading global change, impacting governments, economies, and work culture. In India, their spending power is set to surge, fueling innovation. This generation's aspirations are crucial for India's AI-led future. Leaders across sectors share insights on their influence and the path ahead.
Budget 2026: Experts urged tax incentives for household savings and support for data centres, AI, and robotics. They called for diversifying services exports and using trade agreements for market access. Concerns about critical mineral access led to suggestions for a coordinated strategy. Fiscal consolidation was also discussed.
Top Exporters? All loads lead to Indias hotspots
India's export success is concentrated in a few key districts and states. Gujarat, Maharashtra, Tamil Nadu, Karnataka, and Uttar Pradesh are leading merchandise exports. Jamnagar in Gujarat and Kanchipuram in Tamil Nadu are top exporting districts. Uttar Pradesh is emerging as an electronics manufacturing hub. Location advantages and policy support are crucial for this growth.
Gen Zoomers take the road less travelled
Gen Z is significantly influencing the travel industry, making up almost 40% of global travelers. This tech-savvy, eco-conscious generation prioritizes experiences, leading to innovations like bar check-ins and all-day breakfasts. They are driving demand for spontaneous, short-haul trips and immersive long-haul journeys, with a growing interest in spiritual travel.
Gen Zs want to be treated as partners, not as vote banks
India's Gen Z is not politically disengaged but rather disillusioned with traditional politics. Growing up online, they engage through digital platforms, prioritizing practical issues like jobs and climate change. This generation demands transparency and accountability, seeking meaningful participation beyond mere voting.
Adani calls for more flying rights, eyes more traffic at its airports
Adani Group wants more international flights at its airports. This plan conflicts with Air India and IndiGo. These airlines worry about competition from foreign carriers. Adani Group is investing heavily in airport upgrades. They believe more flights will make Indian airports global hubs. The government's current policy limits foreign airline capacity. This situation impacts ticket prices and airport development.
New Year strike fears push brands to stock up as delivery workers plan walkout
As delivery gig workers plan a New Year's Eve strike over pay and safety, packaged goods companies are increasing stock in kirana stores and supermarkets. Restaurant chains are promoting their own apps and partnering with unaffected logistics providers to mitigate potential delivery disruptions.
Work smart, not hard! How Gen Z is rewriting workplace rulebook
Gen Z is reshaping workplaces with clear expectations for growth and purpose. They seek transparent leadership and flexible environments. Companies are adapting to this new generation's drive for meaningful work and inclusion. Wellbeing and flexibility are becoming core to organizational culture. This shift signals a new era for the workforce.
Sweatshirts in the C-suite: The era of Gen Z CEOs unfolds as we enter 2026
Gen Z graduates are increasingly launching startups, with 40% of top college alumni opting for entrepreneurship. Venture capital firms are now prioritizing innovative ideas over founder experience, backing young entrepreneurs in sectors like AI and clean energy. The trend is expected to expand into defense, aerospace, and deeptech in the coming years.
Gen Z's growing influence: How youth are reshaping Indian politics and electoral campaigns
Political parties are increasingly recognizing the growing influence of Gen Z, adapting electoral campaigns and policies to engage this demographic. Leaders are addressing youth-centric issues like employment and drug menace, utilizing social media to connect with young voters who are becoming active participants in shaping political discourse and policy.
Is AI boom overhyped, unreliable? Zoomers question hype bubble
By 2026, artificial intelligence will make digital content indistinguishable from reality. This will force people to verify everything they see and hear. Trust in online information will decline. Verification will become a crucial skill for everyone. Platforms will need to implement safeguards against AI misuse. This shift will impact mental health and decision-making.
Gen Z's art era: How the new generation is reshaping the art market online
Gen Z is revolutionizing the art market by embracing it as a lifestyle, prioritizing flexibility, transparency, and ethical relevance. They are driving the rise of young contemporary artists and regional voices, often starting with accessible price points and fractional ownership. The art world is adapting by leveraging social media and offering more approachable collecting experiences to engage this demographic.
From clubbing to kirtan, Gen Z find a new groove in bhajan raves
Gen Z is embracing a new nightlife trend, opting for bhajan-led community gatherings and kirtan EDM over traditional clubbing. This sober social movement is gaining significant traction, with ticketed devotional nights selling out and searches for related terms skyrocketing. Organizers anticipate this spiritual-social format to become mainstream by 2026.
No weight & watch approach in Gen Zs main weightloss plan
Young adults in their early 20s are increasingly seeking weight-loss drugs like Mounjaro for cosmetic reasons, despite not meeting medical criteria. Doctors report a rise in demand from Gen Z, with many practitioners prescribing these medications indiscriminately, even when diet and exercise would suffice.
This Gen sets eyes on a green future
India's Gen Z, shaped by economic growth and digital access, approaches environmental issues with a solution-oriented mindset. With parental economic security and a focus on capital markets, they prioritize sustainability, viewing environmental impacts as problems to solve. This generation sees climate and environment not just as concerns but as career opportunities, driving a surge in green job demand across India.
Swipe, save, invest: Banking on the move, the Zoomer way
Gen Z is redefining banking, prioritizing mobile apps and UPI for all financial needs over traditional branches. Banks are adapting, with a significant portion of new digital customers being Gen Z, who seek speed, simplicity, and seamless experiences. This digital-first mindset is also influencing insurance, with a demand for instant, controllable products.
Gen Z stands at the heart of Indias big manufacturing pivot
India's electronics and semiconductor manufacturing growth is poised to be driven by GenZ. This digital-native generation brings technical fluency and an appetite for innovation, transforming the sector from assembly to invention. Industry leaders believe GenZ's comfort with advanced tools and their questioning nature will propel India to become a global hub for high-value manufacturing and chip design.
Lost in translation: Bollywood struggles to speak Gen Z lingo
Bollywood is struggling to connect with Gen Z, who seek authentic, fresh storytelling over formulaic narratives. While this demographic enjoys diverse genres and theatrical experiences, mainstream Hindi cinema's current offerings often fail to resonate. Makers must adapt marketing and creative strategies to capture their attention.
Nestle India's new MD Manish Tiwary is prioritizing Gen Z's demand for quality and health-conscious products, a trend highlighted by his son. This demographic, aged 14-29, is significantly reshaping India's consumer landscape, driving spending and forcing brands across all sectors to adapt their strategies and offerings to remain relevant.
Zoomer at the centre of entertainments next major act
Gen Z is reshaping content, commerce, and creativity by demanding interactive, creator-led ecosystems and micro-payment models. Their preference for gaming, short-form storytelling, and blending of formats drives platforms to innovate. This generation actively participates, creates, and monetizes, transforming content into a dynamic social and commercial loop.
Run, rave, repeat! Wellness turns social for Gen Z
Gen Z embraces wellness through social activities like pickleball and dance workouts. Brands are set to sponsor these events in 2026. Physical wellness is now a social identity. Gen Z is also choosing low and no-alcohol drinks. This zero-proof trend will continue. Non-alcoholic cocktails are emerging for social settings.
Gen Zoomers and their ever-growing love for mutual funds
Fintech platforms are increasingly attracting new mutual fund investors, particularly Gen Z, who are registering a significant number of new Systematic Investment Plans. This younger demographic, preferring equity-oriented products and a do-it-yourself approach, is driving a structural shift in investment behavior and entering the market at an earlier age.
Tax refunds could be delayed in 2026 after major 2025 law changes, lawmakers warn
IRS warns of possible delays in 2026 tax refunds. New deductions for tips and overtime complicate filings. Staff cuts and high turnover leave the agency struggling. TIGTA flags potential $360 million fraud risk. Paper returns may slow processing. Taxpayers should prepare early and review updated IRS guidance. Filing season may test IRS capacity like never before.
MCA extends annual filing deadline for FY25 till January 31, 2026
The extension, earlier set to end on December 31, follows representations from stakeholders citing difficulties with the filing system
Government allows export of organic sugar up to 50,000 tonnes per year
The move is aimed at promoting value-added agricultural exports while ensuring compliance with international organic certification requirements.
Navi Mumbai airport crosses 25,000 passengers in first five days
The airport handled a total of 26,021 passengers, including 12,431 arrivals and 13,590 departures
Postal Department to discontinue certain international letter mail services from January 1, 2026
The move aims to address issues such as limited tracking, longer delivery timelines, rising customs and security requirements, and reduced acceptance by foreign postal administrations
Telcos flag RoW issues at Navi Mumbai airport; Adani group rejects cartel claims
Rejecting the claims, the Adani Group-owned airport said RoW was never denied, accused telcos of cartelisation, and said it has installed neutral-host IBS, offered industry-standard rates and provided free high-speed Wi-Fi.
India overtakes Japan to become worlds fourth-largest economy at $4.18 trillion
Growth has been driven largely by robust private consumption and strong domestic demand.
Gold, silver, and copper prices are ending 2025 on a strong note, setting up an intense outlook for 2026. Analysts see rising policy risks, tight supply, and structural demand driving metals higher. Forecasts from major banks suggest gold could hit $5,000, silver may test $100, and copper could remain historically tight as electrification and AI demand accelerate.
Who was Tatiana Schlossberg and how did a rare form of blood cancer end her life?
Tatiana Schlossberg was an accomplished American environmental journalist and the granddaughter of President John F. Kennedy and First Lady Jacqueline Kennedy Onassis. She passed away on December 30, 2025, at the age of 35. Her death followed a terminal diagnosis of acute myeloid leukemia (AML) with a rare genetic mutation known as Inversion 3.
China, US must get along: Beijings last warning after Trump shows no worries on Taiwan drills
Russia in REVENGE mode? Deploys Oreshnik within Ukraine, Europe range after alleged attack on Putin
Federal Reserve ended 2025 with a sharply divided decision on interest rates. Newly released December meeting minutes show officials narrowly backed a rate cut, while deeply disagreeing on what comes next. With inflation still elevated, growth strong, and jobs steady, the path for 2026 rate cuts looks increasingly uncertain. The December 910 Federal Open Market Committee meeting concluded with a 93 vote to cut rates by 25 basis points.
Wolf Supermoon January 2026: Here's when and where to watch the first full moon of the year
The first full moon of 2026, a 'Wolf Supermoon,' will rise on Saturday, January 3rd. This celestial event, the last of four consecutive supermoons, will appear brighter and larger than average. The moon will be technically full at 5:03 a.m. EST, but the best viewing time will be during its rise at dusk.
Insurance penetration remained unchanged in 2025, at about half of global average
Indian insurance penetration stays at 3.7 percent, lagging behind the global average. Life insurance penetration saw a slight dip, while non-life insurance remained steady. Insurance density, however, increased to 97 dollars per person. Experts predict a period of adjustment for the sector due to new regulations. Life insurance premiums are expected to grow moderately before a stronger recovery.
Insurance premiums rose in 2025, so did costs
Indian insurance sector saw steady premium growth in FY25. Life insurers reported improved profits, with total profit after tax rising significantly. However, rising distribution costs and breaches of expense limits remained a concern for both life and non-life segments. Health and motor insurance drove growth in the non-life sector. Commission payouts continued to be a large expense.
IRDAI's commission crackdown: Insurers start work on new agent fee framework under new insurance act
The insurance sector is preparing for shifts in how distributors are paid. New rules empower the regulator to set limits on commissions. Insurers are discussing changes to sales incentives and commission structures. These adjustments aim for better policyholder benefits and reduced complaints. The transition is expected to impact existing sales models. Industry bodies are deliberating on new compensation plans.
Jaideep Iyer to succeed Rajeev Ahuja as RBL ED
RBL Bank's Executive Director Rajeev Ahuja retires on February 21. Jaideep Iyer will take over as Executive Director from February 21 for a three-year term, pending shareholder approval. Deepak Ruiya is appointed interim Chief Financial Officer. Pushpendra Sharma, head of digital banking, has resigned. The bank has leadership depth to manage responsibilities.
Wealth quote of the day by Bill Ackman: Investing is one of the few businesses where you can do everything right and still lose money in the short term. What matters is a strategy that works long termand the discipline to ignore the noise. Bill Ackman, the founder of Pershing Square Capital Management, is a name synonymous with high-stakes Wall Street drama. Ackman has spent decades perfecting a strategy known as activist investing. Unlike traditional investors who buy and sell quietly, Ackman takes massive, concentrated stakes in companies and publicly demands structural changes to unlock value.
Your 2026 tax return is changing: 5 IRS rule updates every filer needs to know
IRS tax rules are changing for 2026, and Americans need to be ready. Standard deductions are going up, seniors may get extra savings, and new tax breaks on tips and overtime are coming. Refund habits are also changing, with people spending on basics. New credits and programs are planned, making early tax planning more important.
Centre rolls out spectrum plan for 5G, 6G networks
India's new spectrum plan earmarks 700MHz in the 6GHz band for advanced mobile networks. This forward-looking blueprint also allocates crucial bands for satellite services. Additional spectrum is designated for in-flight and maritime connectivity. Emerging technologies like vehicle-to-everything communication will also benefit. This policy ensures India is ready for future technological advancements in telecommunications.
Property prices may stabilize in 2026
Gurugram property prices surged 150% since 2019. Other cities like Pune and Noida also saw significant growth. While transaction volumes dipped in 2025, sales value rose due to larger deal sizes. Wealthy buyers drove luxury housing demand. Affordability is set to improve for mid-income buyers in 2026, leading to broader growth.
Regulatory delays cripple Indian cos: Certifications disrupt FMCG, electronics sectors' performance
Businesses face significant delays due to slow regulatory approvals like BIS quality certifications and FSSAI licenses. This impacts production schedules, imports, and product launches. Companies report months of delays, missing crucial festive and peak sales periods. Sectors like electronics, telecom, FMCG, and consumer goods are most affected. Regulatory preparedness is key to business success in India.
Chamoli Loco Train Accident: A major accident occurred in Chamoli, Uttarakhand. Two loco trains collided inside a tunnel. Around 50 workers sustained injuries. Some workers are in serious condition. Relief and rescue operations are underway. Injured workers are receiving treatment at Gopeshwar district hospital. A detailed inquiry has been ordered.
India is now fourth largest economy, says govt.
The government says that with the GDP valued at $4.18 trillion, India has surpassed Japan to become the worlds fourth largest economy, it says that the country is poised to displace Germany from the third rank with a projected GDP of $7.3 trillion by 2030
Too good to last: On Novembers industrial data, the Indian economy
The headwinds facing the economy are not going away soon
Select PSB digital playbooks picked for broader adoption
Government is promoting collaboration among state-run banks. Select digital initiatives from Canara Bank, Bank of Maharashtra, and State Bank of India are being identified for wider adoption. These include geospatial analytics for business development, digital co-lending systems, and comprehensive digital transformation frameworks. Banks will evaluate and adapt these proven solutions to their specific needs.
17km/day: Highways construction slows down to decadal low
National highway construction has hit a decade low, with daily road building dropping to 17.06 km this fiscal year. Despite this slowdown, the government is focusing on asset monetisation, raising 1.52 lakh crore by November 2025, and aims to revive private investment through a significant PPP pipeline.
Mamata Banerjee hits back at Amit Shahs remarks on infiltration, says they are lying blatantly
West Bengal Chief Minister Mamata Banerjee has strongly criticized Union Home Minister Amit Shah. She questioned his claims about infiltrators in Bengal and alleged widespread deletion of voter names. Banerjee accused Shah of bringing 'Duryodhan' and 'Dushasana' to the state during elections. She stated that her government has provided land for projects but work remains incomplete.
Funds use in slow lane, MoRTH budget allocation likely to see meagre hike
The Ministry of Road Transport and Highways may see a modest 1-2.5% budget increase for FY27, reaching 2.9-2.94 lakh crore. This reflects slower fund utilization and increased reliance on private financing, with a potential revival of the BOT model. However, ongoing HAM projects will continue to necessitate budgetary support.
700Credit breach puts 5.8 million Social Security numbers at risk in alarming third-party failure
The 700Credit data breach exposed 5.8 million Social Security numbers through a third-party partner, not its own systems. The stolen data affects auto dealership customers and raises identity theft and fraud risks. 700Credit offers free credit monitoring for affected users, and experts advise freezing credit, using strong passwords, and enabling two-factor authentication to stay safe.
Amit Shah targets Mamata Banerjee government over infiltration
Union Home Minister Amit Shah stated that a change of government in West Bengal is vital to curb infiltration, which he described as a national security threat. He accused the Trinamool Congress of misrule and using infiltrators as a vote bank, while assuring the Matua community that their voting rights under the CAA will be protected.
VPNs banned in several J&K districts
In an effort to maintain public safety, several districts in Jammu and Kashmir have implemented a ban on the use of Virtual Private Networks. Local authorities are ramping up mobile surveillance to ensure adherence to these restrictions. The directive, issued by Deputy Commissioners in regions such as Kupwara, Kulgam, Shopian, Pulwama, Budgam, and Srinagar, comes after intensive security evaluations.
India imposes tariff on some steel products for three years to curb cheap imports
India has imposed a three-year safeguard duty of 11% to 12% on select steel imports, mainly to curb shipments from China. The tariff will start at 12% in the first year, ease to 11.5% in the second, and fall further to 11% in the third year.
PM 'concerned' over Ukraine's 'attack' on Putin residence'
In light of escalating tensions, India's Prime Minister Narendra Modi expressed serious apprehension regarding allegations that Ukraine has targeted the residence of Russian President Vladimir Putin. Modi reiterated that the path to resolution lies in diplomatic dialogue rather than conflict. Ukraine, however, took issue with Modi's remarks, while both the UAE and Pakistan voiced their concerns.
'Reforms Express' powered India's journey through 2025': PM Modi
India is now a global focus, praised for its rapid progress driven by reforms. Prime Minister Modi highlighted continuous reforms in 2025, modernizing institutions and simplifying governance. Key changes included GST simplification, new labor codes, and increased foreign investment in insurance. These measures aim to boost the economy and attract investment, positioning India for sustained growth.
ECI issues 4-point action agenda to states holding SIR
In a bid to enhance voter experience, the Election Commission of India is overhauling the document verification process for those heading to the polls. This new strategy, introduced during the special intensive revision of electoral rolls, features a clear four-point plan directed at chief electoral officers.
Bollywood actress Khushi Mukherjee sparked widespread speculation after saying Indian T20I captain Suryakumar Yadav had messaged her in the past. The remark quickly went viral, prompting her to clarify to News24 that there was no romantic link and they were only friends. She alleged her comments were misrepresented and claimed her social media account was hacked, leading to private chats being misused.
Former B'desh PM leaves behind a mixed legacy
The news of Begum Khaleda Zia's passing, former Prime Minister of Bangladesh, marks the end of an era that reshaped the nations ties with India. Initially perceived as a stumbling block to regional security, her later diplomatic moves sought to mend relations, showcasing her complex political journey.
MCA extends deadline up to January 31 for 2024-25 returns filings without extra fees
Companies get more time to file financial statements and annual returns. The deadline is now January 31, with no extra fees. This is the second extension. Stakeholders faced technical problems with the new V3 portal. The ministry is addressing these issues to ensure smooth filings for businesses across India.
'Who was the real Prez?': Autopen scandal explodes at 'Biden cover-up' hearing; Senators erupt
Election Commission to announce names of all eligible voters in Assam Gram Sabhas, municipal wards
Assam's Election Commission will publicly announce electoral rolls in Gram Sabhas and Municipal wards for maximum transparency, a first for the state. This initiative follows a comprehensive house-to-house verification, with the draft roll reflecting a slight increase in electors and more female voters. The final roll is expected by February 10, 2026.
Earthquake alert: Indonesia faces tremors with 4.3 magnitude
Indonesia experienced several earthquakes recently. A magnitude 4.3 quake hit on December 30, 2025, at a shallow depth. Earlier, a magnitude 4.6 earthquake occurred in Northern Sumatra on December 28, 2025. Another magnitude 4.4 quake struck Northern Sumatra on December 3, 2025. A magnitude 4.5 earthquake also hit Northern Sumatra on November 26, 2025.
Escalation in Yemen threatens to reignite civil war and create wider tensions in Gulf region
Saudi Arabia bombed Mukalla, Yemen, targeting weapons for separatists. This move by the UAE-backed Southern Transitional Council threatens trade routes. The UAE announced a troop withdrawal. The conflict involves complex regional powers and has caused a humanitarian crisis. The STC's advances have shattered a fragile stalemate, highlighting strained ties between Saudi Arabia and the UAE.
Predator: Badlands, starring Elle Fanning, arrives on streaming January 6, 2026
Predator: Badlands centers on a young Predator named Dek, an outcast from his clan, who discovers an unexpected ally in Thia, featured by Elle Fanning. Set on a remote, perilous planet, Dek goes through a dangerous scenario filled with apex predators, which includes the massive Kalisk, in search of the final adversary. Unlike previous movies, no human characters are present, providing a fresh view on the Predator universe.
Telcos' body COAI, Adani Group-owned Navi Mumbai airport clash over RoW denial, higher charge claims
Telecom operators body COAI has asked the government to intervene in a dispute with Navi Mumbai International Airport. COAI alleges the airport is denying permission for telecom infrastructure and charging excessively. The airport operator, Adani Group, denies these claims. It states it is providing free Wi-Fi and will not accept price fixing.
Telcos seek DoT intervention on Adani Group-owned Navi Mumbai airport network connectivity
Top Indian telecom companies have approached the Department of Telecommunications. They allege Navi Mumbai International Airport Limited is blocking their access. NMIAL is reportedly forcing telcos into exclusive telecom deals. This action is said to violate the Telecommunications Act, 2023 and RoW Rules, 2024. Operators are seeking urgent government intervention to ensure fair access and competition.
Fallout Season 2 Episode 3 release date, time, schedule and how to watch details are now confirmed. The episode streams on Prime Video on December 31, 2025. Viewers can check global timings, full episode schedule, cast details, and story updates in this explainer.
Outlook for rabi is very strong, says UPL CFO Bikash Prasad
Sees headroom for significant growth in markets such as US, Europe and Africa
India Overtakes Japan as Worlds Fourth-Largest Economy: Government
With continuing good growth numbers, India is also the world's fastest-growing major economy.
Not my job: When Marco Rubio clashed with Rep Meeks over USAID cuts & foreign policy | 2025 REWIND
Best Places to Celebrate New Year in India 2026
Top destinations in India to celebrate New Year 2026: India presents diverse New Year's Eve options, from vibrant city parties in Goa and Mumbai to serene nature retreats in Chikmagalur and Auroville. Travelers can choose between energetic celebrations with music and fireworks or peaceful escapes amidst snow-capped mountains and tranquil landscapes, catering to every preference for welcoming the new year.
Kyiv is discussing US troops' presence with Trump, Zelenskiy says
Ukraine's President Volodymyr Zelensky revealed discussions with Donald Trump regarding the potential deployment of US troops. These troops would be part of security guarantees for Ukraine. Zelensky also stated Kyiv's commitment to ongoing peace talks and his readiness to meet with Russian President Vladimir Putin. The discussions highlight Ukraine's pursuit of robust security arrangements.
UAE to pull forces out of Yemen as 24-hour deadline set
The United Arab Emirates is pulling its troops out of Yemen. This follows a demand from Saudi Arabia to withdraw within 24 hours. Tensions are high due to an offensive by separatists backed by Abu Dhabi. The UAE denies supporting the separatists' advance. This move comes after a dispute with Riyadh over military operations near Saudi Arabia's border.
Turkey's Erdogan says Israeli decision to recognise Somaliland unacceptable, illegal
Turkish President Erdogan has strongly criticized Israel's recognition of Somaliland, calling it illegal and destabilizing for the Horn of Africa. Turkey is set to begin offshore energy drilling in Somalia in 2026. Additionally, plans are underway to establish a spaceport in Somalia as part of bilateral agreements between the two nations.
Pakistan tribunal dismisses petition challenging Nawaz Sharif's victory in 2024 elections
An election tribunal in Pakistan's Punjab province dismissed a petition challenging Nawaz Sharif's victory in the February 2024 general elections. The petition, filed by PTI's Yasmin Rashid, alleged vote manipulation and that Sharif lost the NA-130 seat. The tribunal cited technical grounds for dismissal, stating the petitioner failed to comply with election law requirements.
Minnesota Somali fraud scandal: Rep Ilhan Omar faces probe over massive wealth gains and aid 'abuse'
Pakistan Deputy PM calls Saudi FM amid tensions between Saudi Arabia, UAE
Pakistan's Deputy Prime Minister Ishaq Dar discussed regional tensions with Saudi Arabia's Foreign Minister. This follows Saudi strikes in Yemen. Prime Minister Shehbaz Sharif also met with the UAE President. Discussions focused on strengthening bilateral ties between Pakistan and the UAE. Both meetings highlight Pakistan's engagement with key regional players amidst evolving dynamics.
Warren Buffett retires tomorrow and Berkshire Hathaway enters a new era
Greg Abel is set to lead Berkshire Hathaway. He will succeed Warren Buffett soon. Abel has managed non-insurance businesses since 2018. Buffett will remain chairman, offering guidance. Some leadership changes are happening. Abel's approach may refine operations. Investors anticipate his management style. Berkshire's strong foundation supports this transition.
New Years Eve, January 1 events in New York, other locations in U.S. Full list here
New Years Eve ball was first dropped in Times Square in 1907.
Zelensky announces summit with allies in France on Jan 6
Ukrainian President Volodymyr Zelensky said on Tuesday he would hold a meeting with leaders of Kyiv's allies next week in France, as diplomatic efforts to end the war with Russia intensified. Zelensky said Kyiv was hoping for a meeting with both European leaders and US President Donald Trump after that.
David Beckham Bitcoin strategy: Prenetics, a health-sciences company with backing from David Beckham, has halted its Bitcoin buying strategy. The company stopped accumulating the cryptocurrency on December 4. This decision comes as crypto prices face ongoing pressure. Prenetics will now focus on its nutritional supplement brand, IM8. The company still holds its existing Bitcoin reserves.

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