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Economy / The Economic Times
Who is Frank Gehry? This explainer covers his death at 96, his early life, career, Guggenheim Bilbao impact, global projects, awards, net worth, personal life and how his architectural legacy and business interests will be handled. The story details his work, family and long-term influence on architecture.
Crypto gifts for Christmas: This holiday season, young Americans are reshaping shopping habits. Nearly half of US shoppers use AI for holiday tasks, especially gift discovery. Cryptocurrency gifts are also gaining traction, with 45% of Gen Z excited to receive them. Gen Z leads digital-first commerce, favoring crypto payments and digital wallets.
Frank Gehry cause of death, net worth and family details are now confirmed after his death at his Santa Monica home. The architect changed global architecture with his work and built a major legacy. This explainer covers his death, career, net worth, family and information about who may inherit his empire.
Renowned architect Frank Gehry, celebrated for reshaping city skylines with his visionary, sculptural designs, has died at 96. His innovative use of unconventional materials, exemplified by his own Santa Monica home, set the stage for iconic structures like the Guggenheim Bilbao and Walt Disney Concert Hall, cementing his global legacy.
Donald Trump received the inaugural FIFA Peace Prize on December 5, an award created just a month prior. The decision, lacking transparency and a public selection process, has drawn scrutiny. Questions arose regarding the prize's legitimacy, especially with Myanmar tycoon Zaw Zaw, linked to alleged atrocities, heading the committee responsible for future selection processes.
Mahindra Logistics is significantly expanding its nationwide warehousing footprint in 2025, with a strategic focus on emerging industrial corridors. Recent leases in Telangana, Pune, the Northeast, and near Kolkata highlight the company's push into Tier-II and Tier-III markets to meet rising supply chain demands across India.
Brookfield India REIT has successfully raised Rs 3,500 crore through a qualified institutional placement. This capital will partly finance the REIT's acquisition of Ecoworld, a significant office campus in Bengaluru. The deal marks the largest REIT acquisition in India. The placement saw strong subscription from both domestic and global investors, including major financial institutions.
FPL Technologies finds itself in a tough spot. The Reserve Bank of India has mandated partner banks to stop issuing OneCard credit cards. This pause is due to the RBI's desire to ensure transparency regarding data-sharing practices in this collaboration. The issuance will kick back into gear once guidelines are established.
IndiGo's dominance in Indian aviation has caused significant passenger disruptions. Thousands faced travel chaos during peak seasons. Airport operations were impacted, with one airport temporarily shut. This situation highlights the risks of a single dominant carrier. Calls for fair competition and easing foreign airline entry are growing. India's aviation landscape has seen multiple airline collapses.
IndiGo CEO Pieter Elbers has apologized for over a thousand flight cancellations. Crew shortages and safety rules caused the disruptions. Operations are expected to stabilize between December 10 and 15. The airline is focusing on passenger communication, clearing stranded travelers, and realigning resources for a stable Saturday schedule. The situation worsened after a system reboot.
IndiGo flights are expected to stabilize by Saturday and return to normal within three days. The Civil Aviation Minister has ordered a high-level probe into recent disruptions. Urgent measures are being taken to assist passengers. Flight duty time limitations for IndiGo have been temporarily suspended to improve crew availability and restore schedules.
Israeli Prime Minister Benjamin Netanyahu denounced the ongoing corruption case against him as a Bugs Bunny trial and defended his controversial pardon request in a video published on social media. Netanyahu is the first sitting Israeli prime minister to stand trial for corruption.
The New York Times has filed a lawsuit against AI startup Perplexity. The Times claims Perplexity copied and used its articles without permission for its AI products. This is part of a larger legal battle between publishers and AI companies. Perplexity faces similar accusations from other media outlets. The startup denies wrongdoing, calling the lawsuits an outdated tactic.
India and Russia are boosting nuclear energy ties. They will cooperate on the fuel cycle and support the Kudankulam plant. New advanced nuclear technologies are also on the agenda. Discussions will accelerate on Russian-designed reactors and joint manufacturing. Fuel for Kudankulam Units 3 and 4 has begun delivery. This marks a significant step in India's nuclear expansion plans.
India and Russia are standing together against terrorism. Prime Minister Modi stated that attacks in Pahalgam and Russia share the same root. Both nations are committed to fighting terrorism in all its forms. They will deepen cooperation to counter extremism, crime, and illicit activities. This partnership aims to eliminate terrorist safe havens and financing.
Manipur Government issues a stern warning to anti-social elements. These elements are reportedly threatening citizens and disrupting peace. Police actions are underway against those involved. The state emphasizes that no group can issue decrees or restrict lawful activities. Individuals or organizations found threatening peace will face strict legal prosecution.
Russia has ramped up its fertilizer exports to India, now commanding a staggering 26% of the subcontinents fertilizer imports. This surge contributes significantly to an economic alliance, with Russian fertilizers increasingly finding their place in BRICS nations. S
India's Supreme Court judges are exercising extreme caution with artificial intelligence. They have stated that AI will not be allowed to dictate judicial decisions. The court acknowledged concerns about AI citing non-existent case laws. Judges will cross-check AI outputs. This awareness is part of judicial training. The bar and judges will adapt over time.
President Trump unveiled a new national security strategy prioritizing America First and regional concerns, notably elevating Latin America. The document signals an end to mass migration and criticizes Europe's trajectory, warning of civilizational erasure and vowing to cultivate resistance to its current path.
The Reserve Bank of India will launch a two-month campaign in January to resolve all customer grievances pending for over a month with the RBI Ombudsman. Governor Sanjay Malhotra urged banks to address complaints promptly, noting a rise in pendency due to increased grievance numbers. The central bank is also strengthening customer service through various initiatives and online application availability.
The Supreme Court has warned the Kerala Governor and government. If they cannot agree on Vice Chancellor appointments for two universities, the court will make the decisions. A committee had recommended names. The Governor chose two, but the Chief Minister disagrees. The court wants a consensus by Tuesday. Otherwise, judicial intervention is the only option.
Drinking a small glass of 100% orange juice every morning can help your heart and overall health. It has vitamin C, flavonoids, and plant sterols that support the heart, reduce harmful cholesterol, and improve metabolism. Pure or homemade juice is best, as added sugar can harm health. Benefits may vary by body weight.
RBI Governor Sanjay Malhotra anticipates deposit rates will moderate, mirroring the central bank's 125 basis point policy rate reduction. He noted that real interest rates remain high despite nominal rate decreases, benefiting both borrowers and savers. Data shows a 105 basis point decline in weighted average domestic term deposit rates, though bankers suggest further reductions are limited.
State-run banks are preparing for the stock market debut of their sponsored regional rural banks. At least two such banks are expected to list in the first half of FY27. This move follows a consolidation exercise that reduced the number of regional rural banks. Eligible banks will meet specific financial criteria.
Spurious medicines were seized in Puducherry, prompting drug maker Abbott Healthcare to warn stockists. They must buy only from authorized suppliers. The government alerted the Drug Controller General of India about the circulation of fake drugs. The All India Organisation of Chemists and Druggists issued an advisory for safe business practices. This is a serious trade alert.
The Reserve Bank of India has reduced the repo rate by 25 basis points to 5.25%, aiming to make home and car loans cheaper. This move is expected to encourage banks to lower lending rates further, providing relief to borrowers.
Russia and the United States are making progress in peace talks concerning Ukraine. President Putin met with U.S. envoys, accepting some elements of a U.S.-drafted peace plan. Moscow is ready to continue negotiations with the current American team. Ukraine seeks real peace and fears unfavorable terms. Russia insists on achieving its goals by military means if diplomacy fails.
Financial gifts offer a lasting advantage over traditional presents. A session with a financial advisor can set someone on a path to money wellness. Contributions to a Roth IRA or a 529 plan build long-term wealth and support education costs. Treasury savings bonds provide safety and steady growth. These options foster financial confidence and stability for loved ones.
FIFA presented President Donald Trump with a new peace prize during the 2026 World Cup draw. The award recognizes his efforts to promote peace and unity globally. FIFA president Gianni Infantino highlighted Trump's leadership qualities. Trump expressed gratitude for the honor. This marks a departure from FIFA's usual focus on sports.
In a bold move, Jose Charles Martin, the heir to the 'Lottery king', Santiago Martin, is stepping into the political arena. He is set to unveil his new political party in Puducherry by mid-December. Having previously been part of the BJP, Martin has expressed frustration with the bureaucratic hang-ups of traditional parties.
Experts say simple aerobic exercise can help people over 50 stay healthy and even live longer. Activities like walking, swimming, or cycling keep the heart strong and support the body as it ages. Doctors also say even short workouts can help. This story explains why basic aerobic exercise is important and how easy it is to start.
At a recent gathering, National Conference president Farooq Abdullah called for solidarity among all party affiliates. He strongly discouraged any actions that undermine the party's integrity and highlighted the accomplishments of the NC government despite facing challenges in the Union Territory.
The five years before retirement are critical for Americans. Nearly half worry their savings wont last. Boosting contributions, cutting expenses, or adding side income can make a huge difference. Shifting to lower-risk investments and adding inflation-protected assets like gold shields your nest egg. Budgeting and tracking income ensures you know exactly what youll have from Social Security, pensions, and savings. Passive income from real estate can supplement your retirement.
Myanmar and Tibet were shaken by earthquakes today. A shallow magnitude 3.3 quake hit Myanmar, raising concerns about aftershocks. Earlier, a deeper quake also occurred. Myanmar faces seismic risks due to its location between tectonic plates. Tibet also experienced tremors, including a shallow magnitude 4.3 earthquake. The Tibetan Plateau is prone to seismic activity from plate collisions.
Alleging that the imbroglio was due to the government's monopoly model, Congress leader Rahul Gandhi said on X: IndiGo fiasco is the cost of this Govt's monopoly model. Once again, it's ordinary Indians who pay the price - in delays, cancellations and helplessness. India deserves fair competition in every sector, not match-fixing monopolies.
In a spirited session of the Lok Sabha, tempers flared as MPs from the DMK and BJP clashed over the controversy surrounding the Karthiga Deepam lighting ceremony. DMK representatives accused certain groups of trying to hijack the ritual, while the BJP fired back, blaming the Tamil Nadu government for ignoring court directives.
The ruling BJP and Asom Gana Parishad are discussing seat sharing for the upcoming Assam assembly elections. Both parties aim to conclude these talks by January 14. Discussions are ongoing between the BJP and AGP leadership. Grassroot workers from AGP are advocating for more seats. The alliance between the two parties has been in place since 2014.
Eduardo Manzano: Iconic Mexican comedian and actor Eduardo Manzano, known as El Polivoz, has passed away at 87. His son confirmed the news, marking the end of an era in Spanish-language entertainment. Manzano was celebrated for his roles in Los Polivoces and the sitcom Una familia de diez, leaving a lasting legacy in Mexican comedy.
Minutes after the Rajya Sabha proceedings began on Friday, Congress member Pramod Tiwari drew the chair's attention to the mass cancellation of flights. He alleged that this has happened due to the monopoly of one airline.
Delhi-based nutritionist Lovneet Batra warns that many people struggling with insulin resistance may be unknowingly worsening it despite eating healthy. In a recent Instagram video, she highlighted common mistakes such as sugary salad dressings, relying solely on ACV shots, fasted workouts, and consuming large fruit bowls or jaggery without protein or healthy fats. Batra stresses that real improvement requires structured meals with adequate protein, fiber, slow carbs, and balanced combinations t
Manipur government issues a stern warning to anti-social elements. Police have initiated action against those threatening citizens and disrupting peace. The state reaffirms that no group can impose decrees or restrict lawful activities. Citizens are urged to report threats and cooperate with the government. Security forces have arrested militants and filed cases against those threatening cultural groups.
Silver prices are rising fast as the metal hits new record levels. Investors are putting more money into silver, and demand is strong in many industries. Some experts say supply is getting tight, and markets expect the Fed to cut interest rates soon. These factors are helping silver stay on a strong upward trend.
The statement comes in response to a question raised by MP Dr. Laxmikant Bajpayee in the Rajya Sabha, asking whether it is a fact that one in every seven deaths in Delhi can be attributed to the city's toxic air as claimed by several studies and reported in media.
Music psychologist Dr. Claire Renfrew has created what she calls the worlds happiest Christmas car playlist, promising guaranteed smiles for festive travellers. She analyzed numerous holiday classics using a scientific method that concentrates on significant keys, energetic vocals, lively instruments, and tempos between 100140 BPM. Commissioned by FIAT UK, the 25-track Spotify playlist focuses on minimizing holiday tensions and making festive journeys more joyful.

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