The Economic Times
Elections 2026Global Business / The Economic Times
Fintech firm Revolut has obtained a French banking license. This move signifies a major step in its European expansion plans. The company intends to establish Paris as its Western Europe headquarters. Revolut will shift customers away from its Lithuanian entity. It plans to hire over six hundred people across Western Europe.
Happiness tied to external elements like relationships or material things is easily shaken. Instead, pursuing a meaningful goal instills direction in life, empowering individuals to navigate hurdles. This viewpoint is especially important for those grappling with work and financial strains. Goals infuse life with purpose, providing stability even amid chaos, ensuring a richer, more rewarding existence.
Global Capacity Centres are becoming smaller and more engineering-focused. India's GCC market is projected to reach one hundred billion dollars by 2030. Companies are prioritizing specialized talent and faster product development. Artificial intelligence enables greater output with smaller, agile teams. Value density and strategic work routing now define center importance.
NCP (SP) MPs, led by Supriya Sule, met Prime Minister Narendra Modi. They discussed various Maharashtra-related issues concerning their constituencies. Drought and onion prices were among the topics raised during the meeting. This discussion followed a previous meeting between Sharad Pawar and the Prime Minister. The NCP (SP) is currently a constituent of the opposition INDIA bloc.
Opposition protests disrupted Lok Sabha proceedings on Monday, with members demanding Union Home Minister Amit Shahs presence and protesting the July 20 police crackdown on student protesters.
The Supreme Court on Monday asked the Manipur and Assam governments to consider setting up two exclusive special courts to hear CBI and NIA cases arising from the 2023 ethnic violence. The court also directed authorities to compile case details and reports, enabling victims, families and legal counsel to access relevant records.
The government appears to be shifting its focus from attracting short-term foreign capital to securing long-term foreign investment as it seeks to strengthen Indias external accounts.A reported proposal to raise the threshold for FDI projects requiring CCEA approval from 5,000 crore to 15,000 crore could ease approvals for large investors.
In the heart of Spain, Belchite offers a poignant glimpse into the devastation of the Spanish Civil War. After experiencing catastrophic destruction, General Francisco Franco opted to preserve the town's ruins as a stark reminder of the era. Now, Belchite draws visitors eager to understand the heavy toll of this historical conflict, resonating as an everlasting symbol of a challenging chapter in Spanish history.
India's Asiatic lion population has significantly increased from 523 in 2015 to 891. Project Lion, launched in 2020, aims for long-term conservation and habitat expansion. Conservation efforts focus on habitat improvement and community involvement for wildlife coexistence. The species' geographical range has expanded from 30,000 to nearly 35,000 square kilometers. These initiatives ensure the Asiatic lion's continued presence for future generations.
Count Binface, a comedian dressed as a garbage can, is challenging Nigel Farage. The candidate is running in a special election in Clacton-on-Sea. Binface offers a unique platform with absurd and local policy proposals. He aims to provide a fresh alternative to established politicians. The candidate does not expect to win but seeks attention for his message.
Apparel companies are offering repair services and sewing workshops to attract young consumers. These initiatives aim to reduce textile waste and extend garment lifespans. Brands like Levi's and Uniqlo are teaching customers basic mending skills. This trend reflects a growing consumer interest in sustainability and saving money.
A Ukrainian drone attack struck industrial and civilian targets in Nizhnekamsk, Russia. At least twelve people were killed and thirty-nine others sustained injuries in the incident. The region's major oil refinery, one of Russia's most advanced, was reportedly hit. Unverified social media videos showed smoke rising over the apparent refinery site. Reuters could not independently confirm the authenticity of the footage.
A former lawmaker was arrested after allegedly firing shots at a local government office near Thailands capital on Monday, wounding two people, police said. The incident came days after a 14-year-olds deadly school shooting in the same province killed nine people and injured more than 20, renewing calls for tighter gun controls.
The intense heatwaves sweeping across Europe this summer are leaving deep economic scars. With soaring temperatures and severe drought hampering agriculture and power generation, key waterways are also facing transportation restrictions. Southern European regions are bracing for lower tourist influx and skyrocketing food costs as authorities grapple with increased financial pressures and the looming influence on the European Central Bank.
Investment firms are recognizing YouTubers as a growing, underserved market. These firms offer capital and tools to help creators scale their businesses. The creator economy is projected to grow significantly in the coming years. While some caution exists, this marks a tipping point for online content creators. External capital is making a difference for creators needing business support.
Congress asked NCP (SP) MPs to tell PM Modi about the INDIA bloc's position. They want the women's reservation law implemented immediately without linking it to delimitation.
Pinarayi Vijayan alleges government employees face a frightening situation due to government wrongdoings. He cited a clerk's death and a doctor's heart attack as examples of stress. Vijayan criticized mass transfers for political reasons, causing civil service standstill. He also refuted claims about the previous Left government's employee benefits. The opposition leader accused the current government of withholding benefits and targeting temporary workers.
Har Ghar Tiranga 2026 Registration: The Har Ghar Tiranga 2026 campaign has officially launched, inviting citizens to participate in the Independence Day celebrations. Participants can proudly display the Tricolour and upload their selfies through the dedicated platform. This years campaign marks 150 years of Vande Mataram and features a special five-step tutorial to help citizens learn and sing the National Song. After participating in the campaign activities, citizens can also download their ce
Rahul Gandhi demanded Home Minister Amit Shah's resignation over alleged police brutalities, saying that student protesters had to face tear gas, lathis, and pellet guns during their demonstration. Gandhi said the youth will hold political leaders accountable for their actions. He criticised Prime Minister Modi's image and propaganda efforts.
Gold and silver prices traded mixed on the MCX, with silver extending gains while gold edged lower as investors booked profits after last weeks sharp rally. Focus shifted to upcoming US inflation data for cues on the Federal Reserves rate outlook. MCX silver futures rose Rs 2,134 to Rs 2,33,600 per kg, while gold fell Rs 360 to Rs 1,51,461 per 10 grams.
Sony Group and Taiwans TSMC plan to invest about 1 trillion yen ($6.32 billion) in a joint venture to manufacture next-generation image-sensor chips in Japan.
Trump names Will Scharf as White House counsel and assistant to president effective September 1
Oil prices climbed Monday as Strait of Hormuz reopening remained uncertain. Iran stated a deal with Oman was nearing completion for new shipping lanes. Attacks on Saudi and UAE facilities heightened supply concerns over the weekend. Analysts predict significant price increases if disruptions continue for months. Oil is expected to cool as supply expands and demand moderates.
Gold prices remained stable during the early Asian trading hours on Monday, as investors gear up for significant inflation reports set to be released later this week. The recent underwhelming U.S. jobs data has tempered expectations for interest rate hikes. Meanwhile, ongoing geopolitical situations concerning Iran and Oman continue to capture attention, with other precious metals showcasing varied performances in initial trades.
Oil prices surged on Monday amidst growing uncertainty about the reopening of the vital Strait of Hormuz. Iran indicated that negotiations with Oman were advancing but insisted that U.S. terms must be fulfilled first. Traders are now on high alert, looking for solid evidence before they consider lowering risk premiums on oil futures.
Prime Minister Andy Burnham plans to tackle subscription traps and misleading discounts. New rules will make it easier for consumers to cancel unwanted subscriptions. Businesses must provide clearer information and easier exit options for customers. A 14-day cooling-off period will also be introduced for consumers. Burnham is touring the country to understand financial pressures faced by citizens.
Australian outdoor advertising company oOh!media has agreed to be acquired by infrastructure investor I Squared Capital for A$1.04 billion, including debt. The deal values its equity at about A$898 million, with shareholders receiving A$1.70 per share.
Quote of the day by Maria Sharapova offers a simple but powerful philosophy: when you decide that something truly matters, give your decision the strength of consistent action. Life will inevitably bring distractions, uncertainty, and difficult moments, but commitment can provide an anchor. By learning to honor the promises we maketo others and to ourselveswe can build stronger relationships, greater self-confidence, and a life shaped not only by what we want, but by what we are willing to consi
Catching insects comes with a potential drawback. Many carnivorous plants depend on insects for pollination and risk trapping the very visitors needed for reproduction.
Quote of the Day by Sheryl Crow: Sheryl Crows quote, The only person who can save you is you: Thats going to be the thing that informs the rest of my life, explores the importance of self-reliance, personal responsibility, inner strength, and taking control of ones own future. The quote suggests that although support from others can be valuable, meaningful change often begins when a person recognizes their own ability to make decisions, overcome challenges, and create a better direction in life.
Quote of the day by Florence Pugh offers words of wisdom and a refreshing way to think about work and progress. Every job does not have to be perfect to be valuable, and every experience does not have to produce an obvious achievement to matter. Sometimes the greatest outcome is simply becoming a little more capable, thoughtful, confident, adaptable, or self-aware than we were before.
The German proverb highlights the futility of reason against stubborn ignorance. Even divine power struggles against those unwilling to learn or reconsider. True wisdom necessitates an open mind, allowing for growth and adaptation. This lesson applies universally, urging self-reflection on our own stubbornness. Intellectual humility, acknowledging potential error, fosters genuine learning and growth.
Quote of the Day by Chris Rock: Chris Rocks quote, Wealth is not about having a lot of money; its about having a lot of options, explores the deeper meaning of financial freedom, independence, opportunity, and personal choice. The quote suggests that true wealth should not be measured only by the amount of money a person possesses, but by the freedom, flexibility, and choices that financial security can provide in everyday life.
Italian Proverb of the Day: An Italian proverb suggests that we often perceive bad luck as more frequent than good fortune. This insightful remark humorously reflects life's challenges, urging us to cultivate resilience. It indicates that while adversity may feel omnipresent, positive opportunities can eventually arise. Remembering that hard times do not last fosters hope, and adopting a light-hearted attitude can be beneficial during trying times.
Jammu and Kashmir police attached property valued at seventy lakh rupees. Searches were conducted at twenty-six locations in Baramulla district. This action is connected to a UAPA case registered in two thousand eight. An arrest warrant was also obtained for another accused individual. The Jamaat-e-Islami outfit was banned by the central government.
Basant Kumar Meghwal secured silver in the men's high jump event. Shahnavaz Khan earned a bronze medal in the men's long jump competition. These medals brought India's total to three at the championships. Ashish Yadav had previously won silver in the javelin throw. This performance matches India's best-ever medal tally at the event.
West Bengal Governor R.N. Ravi has asked all universities to observe August 14. This day will remember the horrors of Partition and its impact. The observance aims to educate the younger generation about this historical event. Bengal experienced immense suffering and disruption during the Partition. The state government is also distributing national flags for Independence Day.
The Territorial Army is expanding its role to include AI and cybersecurity experts. This initiative aims to infuse technical talent into the part-time military reserve force. Direct induction and honorary commissions are planned for specialized personnel. An innovation cell is already operational, conducting hackathons and internships. Future plans include national-level hackathons for cyber defense capabilities.
School holiday, August 10: In anticipation of heavy rainfall across multiple regions in India on August 10, 2026, district administrations are preparing to assess local conditions for possible school closures. It's important to note that Telangana's schools will be shut for the Bonalu festival, which is unrelated to the ongoing rain warnings. Additionally, states such as Rajasthan and Chhattisgarh are on alert for similar weather developments.
Quote of the Day by Bruce Lee: Bruce Lees quote, Adapt what is useful, reject what is useless, and add what is specifically your own, explores the importance of adaptability, critical thinking, individuality, and personal growth. The quote suggests that people should learn from useful ideas and experiences while letting go of what no longer serves them, ultimately creating their own approach to life rather than simply following others.
FBI Director Kash Patel plans an unusual trip to Russia in mid-October. This visit occurs amid ongoing geopolitical tensions and heightened congressional scrutiny. Patel's history involves controversial Russia-related developments from Donald Trump's first term. Russian analysts suggest potential exchanges of information or political leverage. The FSB is expected to host Patel during his scheduled Moscow and Saint Petersburg stops.
Quote of the day: Franklin's quote offers a simple challenge: Do not wait for the important moment to begin getting ready for it. Sometimes, the best way to improve your chances of succeeding tomorrow is to prepare today.

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