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The Economic Times

Economy / The Economic Times

Justin Trudeau ditches Katy Perry's country after siding with it for one night, reveals who he's really rooting for to win the FIFA World Cup

Former Canadian Prime Minister Justin Trudeau attended the United States' World Cup opening match. This sparked online debate as Canada's game occurred simultaneously. Trudeau clarified his support for Canada, stating he was fulfilling boyfriend duties. His appearance alongside Katy Perry became a notable off-field event. The incident highlighted a friendly cross-border discussion about national allegiances during the tournament.

14 Jun 2026 8:52 am
FIFA World Cup 2026: Scotland marks 28-year absence with 1-0 victory over Haiti in Group C

Scotland secured a 1-0 victory over Haiti in their World Cup debut. John McGinn scored the winning goal in the 28th minute. This marks Scotland's first World Cup win since 1990. The win places Scotland at the top of Group C. Haiti is still seeking its first World Cup point. Scotland will next face Morocco. Haiti plays Brazil next.

14 Jun 2026 8:50 am
El Nio is here, but can the Indian Ocean Dipole save India's monsoon?

El Nio conditions have developed in the Pacific Ocean. This weather pattern often leads to less rain and hotter temperatures in India. Farmers and water resources could be affected. However, another climate pattern, the Indian Ocean Dipole, might help. A positive Indian Ocean Dipole could bring more rain. Experts are watching both closely to predict the monsoon's outcome.

14 Jun 2026 8:30 am
Star Wars: How Indias spacetech-defence ties are shaping the future

SpaceXs IPO filing underscores how space has evolved from exploration to a strategic domain central to national security, communications and warfare. The companys role in Ukraine through Starlink and its US defence work highlights the growing importance of private space firms in military and geopolitical affairs.

14 Jun 2026 7:52 am
FIFA World Cup 2026: How to watch matches, highlights and behind-the-scenes content on YouTube from anywhere

The FIFA World Cup 2026 is accessible globally on YouTube, offering live match highlights, analysis, and creator content. Official broadcasters are providing partial or full live streams in select regions, with YouTube TV subscribers in the US having full access. Fans can also enjoy exclusive creator insights and create FIFA-themed Shorts.

14 Jun 2026 7:38 am
Trump and other G7 leaders are meeting without China. Is that a mistake?

The G7, a club of wealthy nations, faces questions about its relevance without China. China's economy now surpasses most G7 members. However, the G7's unwritten rule of admitting only democracies prevents China's inclusion. China's growing global influence makes it a key topic at G7 meetings, even as Beijing views the group with caution.

14 Jun 2026 7:34 am
India's Russian oil imports rise in May as refiners boost purchases

India continued its strong demand for Russian fossil fuels in May. The nation emerged as the second-largest buyer globally, importing hydrocarbons worth 5.8 billion euros. Crude oil formed the bulk of these imports, with refiners significantly increasing their purchases from Russia. This trend highlights India's strategic energy sourcing amidst global shifts.

14 Jun 2026 7:30 am
Amazon voiced concerns about Anthropic AI models before US crackdown, source says

The US government ordered AI firm Anthropic to halt its advanced AI models worldwide. This action followed concerns about potential misuse for cybersecurity vulnerabilities. Amazon CEO Andy Jassy reportedly raised security risks to Trump administration officials. Anthropic stated the government cited a method to bypass safeguards. The company complied with the national security order, disabling access globally.

14 Jun 2026 6:42 am
Proposed US-Iran deal hinges on plan of sequenced rewards

President Donald Trumps proposed Iran deal follows a phased approach under which the Strait of Hormuz would reopen first, while Iran would receive economic benefits only after meeting specific US conditions. The agreement would leave the key issue of Irans nuclear programme to a separate 60-day negotiation process, raising concerns that the ceasefire could remain fragile.

14 Jun 2026 6:36 am
PM Modi, French President Emmanuel Macron to inaugurate Bharat Innovates 2026 in Nice Today

Prime Minister Narendra Modi is set to make waves in Nice as he inaugurates Bharat Innovates 2026 alongside French President Emmanuel Macron. This extraordinary exhibit will present more than 120 trailblazing Indian startups, aimed at nurturing collaborative innovation and advancing technology sharing.

14 Jun 2026 6:00 am
Alang shipbreaking yard, world's largest, faces worst-ever crisis as vessel arrivals hit record low

Alang, India's largest shipbreaking yard, is experiencing its worst downturn. Geopolitical tensions and extended ship lifespans have led to an all-time low in vessel arrivals. Shipowners are opting for repairs over demolition. This slowdown threatens the livelihoods of thousands directly and indirectly employed in the industry. The situation remains grim.

14 Jun 2026 5:30 am
Fashion to Furnace: Some luxury gold watches fail the test of time

Luxury watches like Omega Constellation are being melted for gold. High gold prices make metal value exceed resale worth. This impacts used models from Omega and TAG Heuer. Dealers are scrapping watches as demand for investment gold rises. Some owners find this practice tragic. High-end brands like Rolex and Patek Philippe are less affected due to strong demand and waitlists.

14 Jun 2026 5:00 am
World Cup 2026: Body found outside Mexico stadium where Iran football team has been training, police launch probe

Iran's national squad is using Tijuana as its base during the World Cup due to visa delays, as well as travel restrictions imposed on the team's administrative staff and coaches.

14 Jun 2026 4:48 am
Strait of Hormuz is reopening after this Sunday? Donald Trump shares major update on US-Iran deal

Iran has insisted it will maintain control over the Strait of Hormuz, a key maritime trade route for oil and gas shipments from the Gulf.

14 Jun 2026 4:41 am
Bengaluru man reveals why he decided to walk away from corporate world: I dont want to spend the next decade

A graphic designer, lacking a degree and passion for his work, left his corporate job after being laid off. Despite financial struggles, he diligently saved and invested, accumulating Rs 20 lakh by 2026. He now plans to return to his hometown to start a business, seeking to solve real-world problems and build tangible value.

14 Jun 2026 1:01 am
No IIT, IIM. Bengaluru techies family once lived in a single room in Mumbai slum. Viral post shares how he landed a Rs 30 LPA job and later worked at Google

Raj Vikramaditya's inspiring journey from Mumbai's slums to Google and entrepreneurship is a testament to his perseverance. Despite early setbacks, he excelled academically and professionally, eventually founding takeUforward, a platform now serving millions of aspiring software engineers.

14 Jun 2026 12:55 am
Trump names James McDonald as US attorney for Manhattan

Donald Trump said he will appoint James McDonald, who previously served as an assistant U.S. attorney and CFTC enforcement chief.

14 Jun 2026 12:48 am
Hurdles behind India's supertall buildings & vertical ambitions

India's urban growth is rapid, yet only one building crosses the 300-meter supertall mark. Fragmented regulations and infrastructure gaps hinder taller constructions. Developers face higher costs and extended timelines for supertall projects. While supertalls offer efficient land use, the focus remains on addressing affordable housing and essential urban services for the next two decades.

14 Jun 2026 12:40 am
Maharashtra FDA bars hospitals from forcing patients to buy medicines in-house

Maharashtra's Food and Drug Administration has issued a significant directive. Hospitals and medical practitioners must now allow patients to purchase medicines from any licensed pharmacy. Patients will receive their prescriptions directly. This move aims to prevent unfair trade practices and protect patient consumer rights.

14 Jun 2026 12:13 am
Mag 7? MANGOS? SpaceX forces name rethink on Wall Street's tech-stock moniker

SpaceX's massive $2 trillion IPO has challenged the 'Magnificent Seven' moniker, as its valuation now surpasses Tesla and Meta. With other tech giants like OpenAI and Anthropic poised for public debuts, market strategists are scrambling for new labels. While some propose 'MANGOS' or 'Magna Atoms', others believe the 'Magnificent Seven' will persist, with new terms added.

14 Jun 2026 12:12 am
Australia embraces immigrants on World Cup squad with message that soccer is for everyone

Australia's Socceroos are highlighting their immigrant players before the World Cup. This message of inclusion comes as anti-immigrant feelings grow worldwide. Players like Awer Mabil, born in a refugee camp, share their journeys. The team's stance underscores multiculturalism's impact on Australia. This initiative aims to unite people and celebrate diversity.

14 Jun 2026 12:05 am
Ebola anxiety puts a chill on Indian travellers' hot Africa summer plans

Travellers are avoiding parts of Africa due to Ebola concerns. This is affecting bookings for East and Central Africa. Many are postponing trips instead of cancelling. Travel insurance inquiries have significantly increased. Destinations like Uganda are seeing more traveler anxiety. Other African nations remain popular choices. Media coverage and health worries are shaping travel decisions.

14 Jun 2026 12:02 am
Kids' nonprofit in Seattle returns 20 free FIFA World Cup tickets over barring of Somali referee

A Seattle youth soccer group returned World Cup tickets after a Somali referee was denied entry to the U.S. Ali Abdulla, leader of the African Youth Sports Academy, felt betrayed by the U.S. action. His organization decided to forgo the tickets to show solidarity with the referee. The tickets were reallocated to another community group.

14 Jun 2026 12:01 am
It's another game which we are going to play: Harmanpreet Kaur ahead of T20 WC clash against Pakistan

Indian captain Harmanpreet Kaur says her team is focused solely on cricket for the upcoming Women's T20 World Cup match against Pakistan. She acknowledged the pressure of playing Pakistan but stressed enjoying the challenge. The team aims to perform their best and make the most of every moment on the field.

13 Jun 2026 11:59 pm
Signed file on 100 per cent ethanol fuel rules: Nitin Gadkari says multiple companies to adopt alternative blend

Union Minister Nitin Gadkari has approved 100 percent ethanol blend fuel. This move aims to significantly reduce India's import dependence on fossil fuels. Maruti Suzuki has launched a WagonR running on 100 percent ethanol. Other companies like Toyota, Suzuki, and Hyundai will soon follow. This initiative promises a viable alternative to petrol and diesel, boosting domestic production and economic growth.

13 Jun 2026 11:55 pm
Assam tightens Aadhaar card rules to curb infiltration

Assam's government has decided to stop issuing Aadhaar cards to individuals over 18 years old. This measure aims to prevent illegal immigrants from obtaining the documents. Exceptions are made for persons with disabilities, Scheduled Castes, Scheduled Tribes, and Tea Garden communities until March 2027. The restriction does not apply to those under 18.

13 Jun 2026 11:54 pm
Canada's Carney says middle-power countries should not compete for favor with the US

Canadian Prime Minister Mark Carney is forging stronger links with Europe. He met with Ireland's leader and French President ahead of the G7 summit. Carney believes middle powers should unite rather than compete for American favor. He highlighted the combined economic and defense strength of Canada and the EU. This strategic shift aims to create a significant global influence.

13 Jun 2026 11:51 pm
Quote of the day by Arthur Schopenhauer: Wealth is like seawater: the more we drink, the... A timeless wisdom lesson on money, success, happiness, human desire, and the hidden trap of never feeling enough

Quote of the day by Arthur Schopenhauer reveals a powerful truth about wealth, success, and happiness. Modern research shows rising income often fails to create lasting satisfaction. Human desire keeps expanding. That is why many achievers still feel empty. His timeless wisdom challenges the endless pursuit of more and redefines true prosperity through contentment, purpose, and self-awareness.

13 Jun 2026 11:51 pm
India's technological self-reliance to be on display at VivaTech 2026 in Paris: Jawed Ashraf

India is set to be the AI Partner Country at VivaTech 2026 in Paris, showcasing its drive for sovereign capabilities and self-reliance in technology. This premier global tech event offers Indian startups a crucial platform to connect with international investors, forge collaborations, and access new markets. Participation amplifies India's technological achievements and global opportunities.

13 Jun 2026 11:50 pm
Folarin Balogun, who could have played for England or Nigeria, scores 2 for US in FIFA World Cup debut

Folarin Balogun made a stunning World Cup debut for the United States. He scored two goals in their opening 4-1 win against Paraguay. The striker's performance thrilled the sold-out crowd at SoFi Stadium. Balogun's decision to represent the US has paid off handsomely. He became the first American to score multiple goals in a World Cup game since 1930.

13 Jun 2026 11:47 pm
Vice Chief Lt Gen Dhiraj Seth named next Army Chief

Lt Gen Dhiraj Seth will become the next Chief of Army Staff. He takes over from Gen Upendra Dwivedi on June 30. Lt Gen Seth is currently the Vice Chief of Army Staff. He has a distinguished career and is known for his contributions to defence modernisation. His appointment marks a significant moment for the Armoured Corps.

13 Jun 2026 11:46 pm
LG Manoj Sinha invites Kashmiri Pandits to invest in Jammu and Kashmir

Lieutenant Governor Manoj Sinha encouraged the Kashmiri Pandit community to establish industries and institutions in Jammu and Kashmir, calling their return a ruest victory. He stressed their vital role in industry, education, arts, and spirituality, emphasizing that giving back and inspiring hope creates an immortal legacy for future generations. This homecoming marks a significant transformation for the community.

13 Jun 2026 11:42 pm
A huge breakthrough in the Nancy Guthrie case: Did a cybersecurity firm just uncover a digital trail to her kidnappers? Here's what you need to know

A former FBI agent announced a significant breakthrough in the Nancy Guthrie case, following a cybersecurity firm's designation of her abduction as a 'wrench attack by proxy.' The firm believes the kidnapping was a $6 million Bitcoin ransom demand, suggesting a digital trail may lead to the perpetrators.

13 Jun 2026 11:41 pm
Amit Shah reviews support plan for panel on demographic shift

Union Home Minister Amit Shah reviewed arrangements for a High-Level Committee on Demographic Changes. This committee, formed recently, will study demographic shifts across India, including border areas, metropolitan cities, and industrial towns. It will assess population trends, identify causes of abnormal shifts, and recommend policy measures.

13 Jun 2026 11:36 pm
Sebi to issue guidelines on responsible use of AI in capital markets, chief Pandey says

India's market regulator, SEBI, is creating rules for artificial intelligence in financial markets. SEBI chief Tuhin Kanta Pandey announced this plan. AI can help with surveillance and fraud detection. However, it also poses risks like bias and data protection issues. SEBI will issue guidelines for responsible AI use. The regulator will also consider international recommendations.

13 Jun 2026 11:34 pm
Jaishankar tells Rubio killing of Indian mariners by US forces 'cannot be justified'

India has strongly protested the killing of three Indian sailors by the US military. External Affairs Minister S Jaishankar conveyed India's protest to his US counterpart. US forces carried out strikes on merchant vessels off Oman's coast. Several Indians were rescued, but three died when a missile hit a tanker.

13 Jun 2026 11:34 pm
Kerala to launch free bus travel for women tomorrow

Kerala's UDF government will launch its free bus travel scheme for women on June 15, a key election promise. Women can travel for free on all KSRTC ordinary buses, with the state government covering the estimated 2 crore daily cost. The scheme will be inaugurated by Chief Minister VD Satheesan with an all-women staff service.

13 Jun 2026 11:33 pm
Antwerp-Bruges port eyes bigger India share as cargo volumes dip, bets on green hydrogen

Europe's second-largest port, Antwerp-Bruges, is actively pursuing increased Indian exports. The port aims to become a future gateway for green hydrogen imports. This initiative comes as cargo volumes between India and Antwerp have seen a decline. Officials are investigating the reasons behind this trend.

13 Jun 2026 11:32 pm
Rahul Gandhi to address four student meets in stir against paper leaks

Rahul Gandhi will lead a national agitation against examination paper leaks. He will address four student conventions in June and July. The Congress party aims to highlight the struggles of young Indians due to exam scandals. The campaign seeks to unite students and provide a platform for their grievances. The party is demanding the Union education minister's resignation.

13 Jun 2026 11:31 pm
Tata Play loss widens to Rs 551 crore in FY26 as customers migrate to streaming, DD Free Dish

Tata Play faced a wider net loss and lower revenue in the 2025-26 financial year. Customers are moving away from DTH services to free platforms and streaming services. This trend has impacted Tata Play's subscriber base and market share. A dispute with Sony Pictures Networks India also contributed to the company's challenges. Average revenue per user saw a slight increase.

13 Jun 2026 11:25 pm
On This Day in History, June 14: Anne Frank writes diary, Auschwitz opens, first woman in space, first US flag approved, Falklands War ends and more

On This Day in History, June 14 witnessed the beginning of Anne Frank's diary, the opening of Auschwitz, the launch of the Vostok mission that led to the first woman in space, the end of the Falklands War and the approval of the Stars and Stripes. The date also saw milestones in science, exploration, warfare, diplomacy and popular culture, making it one of the most significant days in history.

13 Jun 2026 11:24 pm
Adani Green to commission 14 GWh battery storage at Khavda by fiscal year-end to cut clean energy wastage

Adani Green Energy is building a massive 14 gigawatt-hour battery storage system in Khavda, Gujarat. This project aims to prevent the wastage of clean energy. India has already lost significant clean power due to a lack of storage. The company plans to expand this storage capacity significantly over the next five years.

13 Jun 2026 11:22 pm
Eli Lilly's Alzheimer's drug donanemab approved in India, but neurologists flag cost, access barriers

A new drug for Alzheimer's, donanemab, has arrived in India. It aims to slow the disease's progression by clearing brain plaques. While offering potential benefits, experts highlight concerns about its high cost and the need for early diagnosis. The drug's real-world impact in India remains a subject of discussion among neurologists and the company.

13 Jun 2026 11:19 pm
Manager who was about to be fired turned potential layoff into promotion: Instead of updating resume he

A Gurgaon tech manager faced termination but presented a fake AI product saving the company crores. This led to a promotion instead of a layoff. Six months later, the fraud was revealed. He lost his job but received a substantial severance package. The incident highlights how compelling narratives can sometimes overshadow tangible results in the corporate world.

13 Jun 2026 10:51 pm
Assam: Government approves set up of Guwahati Satellite Cities Development Authority

The decision was taken in the state cabinet meeting held at Lok Sewa Bhawan in Guwahati under the chairmanship of Chief Minister Himanta Biswa Sarma.

13 Jun 2026 10:42 pm
India leads consensus on future of agriculture as BRICS adopts historic Indore declaration

The declaration outlines several landmark decisions aimed at strengthening food security, farmer welfare, climate-resilient agriculture, agricultural trade and digital agriculture.

13 Jun 2026 10:39 pm