The Economic Times
Elections 2026Global Business / The Economic Times
Bruce Willis achieved global stardom with iconic action roles and diverse film performances. He also shared a life lesson about learning from past mistakes. His family announced his retirement from acting due to aphasia and dementia diagnoses. They now raise awareness for frontotemporal dementia and support affected individuals. Willis's influential filmography continues to entertain audiences worldwide.
Rafael Marquez will lead Mexico's national football team. He succeeds Javier Aguirre as head coach for the 2030 World Cup. Marquez previously served as Aguirre's assistant coach for the team. The federation cited continuity and development as reasons for his appointment. Marquez brings extensive playing and coaching experience to the role.
The Chief Minister said the two-day conclave is expected to generate investment proposals worth nearly Rs 1 lakh crore, with participation from investors not only from across India but also from several foreign countries.
One more body was recovered from the Wayanad landslide site, bringing the total fatalities to four. Search operations will continue in zones one and two, focusing near the river. The landslide occurred on July 7 at the Anakkompoyil-Meppadi tunnel project site. Of the ten injured, three were discharged while seven remain hospitalized. Four persons are still reported missing following the disaster.
New Zealand may join a new defence alliance between Australia and Fiji. This treaty, the Ocean of Peace Alliance, was signed earlier this week. The agreement allows other Pacific states to join the growing regional security pact. New Zealand's foreign minister noted this alliance underscores Pacific-led security responses. The government will now discuss membership with Australia and Fiji.
Prime Minister Narendra Modi invited Australian businesses to invest in India, underlining strong economic growth and policy reforms creating opportunities. Modi discussed collaboration in sectors like critical minerals and technology. He urged early conclusion of the Comprehensive Economic Cooperation Agreement.
The Asian Development Bank has lowered India's FY27 GDP growth forecast to 6.6 percent. Elevated energy prices are impacting household purchasing power and squeezing real incomes. The lender also raised India's FY27 inflation forecast to 5.2 percent. South Asia's growth projection for 2026 was also reduced by 0.3 percentage points. Risks to the growth outlook remain tilted to the downside due to geopolitical tensions.
Heavy monsoon rains have caused significant waterlogging across Delhi-NCR today. Authorities are managing the situation while issuing advisories for commuters. Several key roads and railway stations are experiencing severe traffic disruptions. Gurugram has renewed its work-from-home advisory for corporate employees. Rain activity is expected to continue for the next two days.
The death toll from a building collapse in Delhi's Rohini rose to three. Rescue operations concluded after pulling two more bodies from the rubble. Five individuals were successfully rescued during the extensive overnight operation. The four-storey structure collapsed Wednesday evening amid heavy rainfall. Investigations are underway to determine the exact cause of the structural failure.
Heavy rainfall has caused district administrations to close schools up to Class 12. Many school buses had already begun their morning routes after the announcement. The India Meteorological Department issued a heavy rainfall alert for many Uttar Pradesh districts. Authorities in Mathura and Hathras also declared school holidays due to weather. Residents are urged to follow advisories and avoid unnecessary travel.
Iran's chief negotiator declared the Strait of Hormuz will open under Iranian arrangements. This statement follows retaliatory strikes exchanged between Tehran and Washington in the region. Mohammad Bagher Ghalibaf warned the United States about consequences for its actions. He emphasized that bullying and broken promises will not go unpunished. Ghalibaf clearly stated that any strike would be met with a reciprocal strike.
Heavy rains lashed Delhi and NCR early Thursday, bringing relief from humidity. Waterlogging occurred in several low-lying areas, affecting the morning commute. The India Meteorological Department issued an Orange Alert for Delhi and a Red Alert for some NCR parts. Forecasts predict continued rainfall and thunderstorms through July 11. Residents are advised to remain alert for disruptions and plan travel accordingly.
Prime Minister Narendra Modi pitched India and Australia as trusted partners. He called for deeper cooperation in trade, investment, and technology. Bilateral trade ties have strengthened significantly in recent years. India offers substantial financial support for emerging technology sectors. The nation is also preparing an ecosystem for clean energy sources.
Heavy rains lashed Delhi, Noida, and Gurugram, bringing relief from humidity. Waterlogging affected traffic movement and caused flight delays across the region. The India Meteorological Department issued an Orange Alert for Delhi and surrounding areas. Monsoon showers also intensified across North India, impacting other cities. Residents experienced much-needed relief from the recent sweltering heat.
Several U.S. states are preparing to sue Paramount over its Warner Bros. Discovery acquisition. California is leading the investigation into potential competition law violations. This merger faces opposition from Hollywood actors and theater owners fearing job losses. Paramount argues the combination will help it compete for audiences and talent. A lawsuit could delay the deal and increase Paramount's significant debt burden.
President Trump defended recent US military strikes against Iran. These actions were a direct response to Iran's reported bombing of commercial ships. He warned Tehran of significantly harsher consequences for any future attacks. The strikes mark a sharp escalation in the conflict near the Strait of Hormuz. This follows indications that diplomatic efforts between Washington and Tehran have collapsed.
US President Trump faces challenges exiting the Iran war after renewed attacks. A faltering ceasefire highlights difficulties in forging a comprehensive peace deal. Escalation risks full-scale war, while backing down empowers Iran's leverage. Analysts believe Trump is in a difficult position with few gains. The situation suggests managed instability with recurring violence ahead.
Prime Minister Narendra Modi met Australian Prime Minister Anthony Albanese in Melbourne. He was welcomed by the Indian community with cultural performances. The Australian-India Orchestra performed 'Maa Tujhe Salaam' for the Prime Minister. Modi also witnessed a unique musical performance featuring the Didgeridoo and Tabla. Discussions will focus on strengthening bilateral cooperation across various sectors.
Rescuers found wreckage of a cargo plane off Karachi's coast. The aircraft had reported a navigation system issue before losing contact. Flight data showed sharp altitude changes before a steep final descent. Efforts are underway to locate the five crew members on board. The investigation into the crash is now proceeding.
Kuwait's military announced on Thursday that their air defense systems were actively engaged, intercepting what they described as hostile missile and drone attacks. The army's General Staff confirmed that any audible explosions were a direct result of these defensive actions, though the source of the attacks remained unspecified in their public statement.
United States forces conducted new airstrikes targeting Iran early Thursday. Missile alerts sounded in Bahrain and Qatar following the American military action. Iran had launched attacks on Bahrain and Kuwait earlier in response. These exchanges have raised fears of a renewed conflict in the region. Negotiations for a permanent peace deal continue amid escalating tensions.
Quote of the Day by Gary Cooper: Gary Cooper's quote highlights life's universal lessons on resilience and humility. It reminds us that no one is invincible and setbacks are natural. Failure should be viewed as an opportunity for growth and learning. The actor's words encourage perseverance and courage in overcoming obstacles. This timeless wisdom remains relevant in today's competitive world.
Life advice by John F. Kennedy: John F. Kennedy emphasized that change is life's constant law. He believed looking only to the past or present misses the future. Embracing new ideas and experiences aids adaptation and personal growth. This forward-looking mindset is crucial for achieving lasting success. Kennedy, the 35th US president, served from 1961 to 1963.
The idiom 'walking on eggshells' describes extreme caution in conversations. This phrase vividly captures the feeling of navigating tense relationships and situations. It signifies being careful to avoid upsetting or angering someone. This expression is commonly used in various personal and professional contexts. Understanding this idiom highlights the importance of open and respectful communication.
Bette Davis quote highlights happiness as a byproduct of balance. Chasing happiness at any cost can lead to emptiness and regret. Lasting joy comes from appreciating life's journey and maintaining perspective. Davis, a celebrated American actress, had a career spanning over fifty years.
Robert Frost's quote highlights home as a place of unconditional acceptance. This timeless message emphasizes belonging and genuine relationships over achievements. Frost's early life involved challenges before his celebrated literary career. His enduring words offer comfort and emotional security in a changing world. The poet's wisdom remains relevant for finding true happiness and connection.
Quote of the day by Tiger Woods highlights the importance of believing in yourself before taking on any challenge. The quote explains that confidence begins long before the competition starts. Tiger Woods says success requires preparation, commitment and the belief that victory is possible. His words continue to inspire athletes, professionals, students and anyone working toward personal and professional goals while facing setbacks with determination.
Today's Quote of the Day by Aryabhata reveals a surprising truth that challenged the world's understanding of the universe more than 1,500 years ago. His timeless words on perspective and motion continue to inspire curious minds, proving that great discoveries often begin by questioning what seems obvious.
India closely monitors West Asia maritime tensions following recent ship attacks. No Indian-flagged vessels were among those recently attacked near the Strait of Hormuz. Vessel movement through the Strait of Hormuz has once again been restricted by authorities. A decision on reissuing advisories for seafarers to West Asia is pending. The Directorate General of Shipping continues its 24x7 grievance redressal mechanism.
Improved July rainfall has narrowed the country's deficit to twenty-four percent. This development raises hopes for faster kharif sowing across several regions. However, overall sowing still trails last year's pace significantly. Government plans include contingency measures and a national seed reserve. Farmers are advised to shift to short-duration, less water-intensive crops.
The Central Board of Direct Taxes has granted income-tax exemption to NCCL's Core Settlement Guarantee Fund. This tax benefit will continue for assessment years 2019-20 through 2026-27. The exemption ensures continued tax relief under the new Income-Tax Act provisions. This relief remains available as long as the fund files its income-tax returns. The notification removes uncertainty over the tax treatment of this important market safeguard.
The National Investigation Agency conducted searches at twenty locations across multiple states. These searches are connected to a petrol bomb attack on an RSS office in Ranchi. Three men arrested in the attack were linked to the ISI-funded Tehreek-e-Taliban Hindustan. Officials stated the accused were radicalized in Dubai and communicated with handlers. They filmed the attack and sent the video to their handler after the incident.
US authorities have charged jailed gangster Lawrence Bishnoi and Goldy Brar for ordering Nijjar's assassination. This action is part of a wider crackdown on transnational organized crime groups. The probe focused on crime syndicates impacting the Indian diaspora globally. Nijjar's killing had previously strained India-Canada relations significantly. Bishnoi's syndicate reportedly has hundreds of operatives across India and abroad.
NATO Secretary General Mark Rutte stated disputes among leaders showed alliance strength. He believes these disagreements offer a lesson for Russian President Vladimir Putin. Rutte sees no need to alter his approach to dealing with President Trump. He emphasised that democracies can openly disagree and then reunite. This ability to converge around common purpose distinguishes democracies from other nations.
The Army is procuring hundreds of one-way attack drones for 1500 crore. Tata Advanced Systems Limited emerged as the lowest bidder for this significant procurement. Supplies are expected to commence within six months of contract signing. These drones are designed to be resistant to jamming and spoofing. Additional orders for similar systems are anticipated in the coming months.
NATO leaders concluded their summit in Ankara, with no firm date set for the next meeting. The upcoming summit will be hosted by Albania, though the exact timing remains undecided. Some alliance members prefer to reduce the frequency of annual summits. This shift comes after a recent summit which included US President Donald Trump. Albania's defense spending was also a factor in delaying the date announcement.
A Lashkar-e-Taiba terrorist was killed in Shopian on Wednesday. Security forces launched an operation in Meemandar orchards after spotting suspects. The slain terrorist, Zakir Ahmad Ganie, joined the LeT's offshoot in 2023. Forces continue searching for another suspect named Latif in the area. Three over-ground workers were also apprehended in Anantnag.
Quote of the day by Nikola Tesla: One's salvation could only be brought about through his own efforts reminds people that lasting success begins with personal responsibility and self-discipline. The quote comes from Tesla's autobiography My Inventions and reflects his own journey of overcoming challenges. It continues to inspire people to take accountability, build resilience, pursue innovation, and achieve personal success through consistent effort rather than depending on others.
Japanese Proverb of the Day highlights the meaning of Good fortune and happiness will come to the house of those who smile. The saying reflects how positivity, kindness, and emotional attitude can influence a persons experiences and relationships. It suggests that a smile represents more than just happiness; it reflects optimism, warmth, and the ability to create a positive environment. The proverb emphasizes that people who approach life with kindness and a cheerful mindset are more likely to a
Total student enrollment reached a record 4.50 crore in 2023-24, showing significant growth. Women's participation rose substantially, contributing to a higher gender parity index in colleges. STEM course enrollment also increased, with women making notable gains in these fields. Enrolment across social categories like ST, OBC, and SC saw considerable percentage increases. The teaching workforce expanded, and undergraduate courses remain the most popular choice for students.
China's car sales have declined for nine consecutive months, impacting domestic demand significantly. Automakers are now increasingly focusing on export markets to offset these local sales slumps. Consumers with higher purchasing power are upgrading to new premium vehicles with advanced features. This trend benefits emerging Chinese brands while traditional German marques face challenges.
India suffered their worst T20 defeat by 125 runs against England. Fast bowlers Archer and Tongue were instrumental in England's dominant performance. England posted a total of 201 runs while India collapsed to 76 all out. Captain Shreyas Iyer described the team's performance as atrocious and unacceptable. India now faces a crucial series-deciding fourth T20I match tonight.
India and Myanmar reaffirmed border peace and security during a recent review meeting. Myanmar assured its territory would not be used against India's interests. The Indian delegation was led by Union home secretary Govind Mohan. Major General Min Thu led the Myanmar delegation at the important talks. Both sides emphasized maintaining stability along their shared border.
Turkey is actively engaging Indian wedding and MICE specialists to boost visitor numbers. The nation aims to significantly grow Indian arrivals over the next few years. Turkey welcomed approximately 250,000 Indian visitors in 2025. It plans to attract 90 million international visitors annually by 2028. Promotional efforts highlight global sports, music, and cultural heritage events.
China's Foreign Minister Wang Yi urged the EU to remain open and reduce export restrictions. Beijing desires an upward balance in trade and greater market access. European nations face a significant trade deficit with China, causing concern. China views the economic relationship as fundamentally complementary and mutually beneficial. The trip aimed to prevent escalating trade tensions into a full-blown trade war.

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