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The Economic Times

National / The Economic Times

Global debt hits record of near $353 trillion, with signs of move away from US

Global debt has reached a record nearly $353 trillion. Investors are now looking beyond U.S. Treasuries, showing more interest in Japanese and European government bonds. This shift is driven by differing debt trajectories. U.S. debt is expected to rise, while euro zone and Japan's debt paths are seen as more moderate. Corporate bond markets in the U.S. are booming.

6 May 2026 9:04 pm
Ted Turner cause of death: What happened to the creator of CNN as he passes away at 87

Ted Turner cause of death: Ted Turner, the visionary founder of CNN and influential media entrepreneur, has died at the age of 87. Turner revolutionized global journalism by launching the worlds first 24-hour news network and reshaped cable television through ventures like TBS. He also owned the Atlanta Braves, leading the team through its most successful era, including a 1995 World Series win. His passing marks the end of a transformative era in broadcasting, sports ownership, and global commun

6 May 2026 9:03 pm
Operation Sindoor: India marks first anniversary of its most expansive multi-domain combat mission in half a century

Operation Sindoor, launched after the Pahalgam attack, redefined India's security. It utilized drones and AI, prompting a military upgrade. India acquired advanced platforms like S-400 systems and Rafale jets. New submarines and missile tests bolster defense. This response to terrorism enhanced India's combat readiness and strategic goals.

6 May 2026 8:57 pm
US stock market today: Why are Dow Jones, S&P 500, and Nasdaq surging as AMD stock explodes and oil prices crash on Iran peace hopes?

US stock market today: Dow Jones jumps 650 points, Nasdaq surges as AMD stock explodes 19%, oil crashes, and AI optimism reshapes Wall Street. Chipmakers and geopolitics collide on a volatile Wednesday morning as the market is betting heavily that a ceasefire framework is closer than anyone expected. Oil prices crashed as hopes of a U.S.-Iran peace deal eased inflation fears. Bond yields fell. The dollar weakened. Gold surged above 4,700.

6 May 2026 8:54 pm
Aluminum foil trick to detect wall dampness: Easy test to spot leaks vs humidity fast

A simple aluminum foil test can help find why a wall has damp spots. It shows if the problem is humidity or water leaking inside. This quick method helps people understand moisture issues early without tools. Fixing the cause fast can prevent wall damage, mold growth, and health problems, making homes safer and more comfortable to live in.

6 May 2026 8:52 pm
Crimes dipped by 6% across country: NCRB

India saw a six percent drop in crimes in 2024. Over 58 lakh cases were reported, down from 62 lakh in 2023. The crime rate per lakh population also decreased. Cases of 'Hurt' saw a significant decline. Murder cases reduced marginally. Crimes against women and Scheduled Castes and Tribes also showed a dip. These figures reflect the latest crime statistics.

6 May 2026 8:48 pm
65% of newly elected Bengal MLAs face criminal cases; 61% are 'crorepatis': Report

Newly elected West Bengal MLAs show a significant increase in criminal cases. Over 65 percent declared criminal charges, a jump from the previous election. Wealth concentration also rose, with 61 percent being crorepatis. This trend highlights growing concerns about criminalisation of politics and wealth in the state's legislature.

6 May 2026 8:47 pm
Ted Turner death: Inside his net worth, fortune, family, and bold legacy that built CNN and changed global news forever

Ted Turner net worth: The news of Ted Turners death comes years after he publicly disclosed his diagnosis of Lewy body dementia in 2018. Despite ongoing health challenges, Turner remained a towering presence in media, philanthropy and business.

6 May 2026 8:46 pm
BRICS member states agreed to work towards youth employability to bring down NEET rates

A consensus to this effect was arrived at the 2nd BRICS Employment Working Group (EWG) meeting under Indias presidency in Kerala with delegation from China, Egypt, Ethiopia, Iran, Indonesia, Russia, South Africa and UAE along with knowledge partners like the International Labour Organization, International Social Security Association and United Nations India.

6 May 2026 8:40 pm
African Proverb of the Day: If you want to know the end, look at the beginning The African proverb that reveals your future

African Proverb of the Day: If you want to know the end, look at the beginning highlights the deep connection between origins and outcomes. It teaches that nothing in life happens suddenly; instead, results are shaped by early decisions, actions, and intentions. The timeless proverb encourages awareness, foresight, and responsibility in how we begin any journey, whether in relationships, work, or personal growth.

6 May 2026 8:40 pm
G7 decries 'economic coercion' in swipe at China

The trade ministers of the Group of Seven leading industrialised nations criticised Wednesday economic coercion by placing arbitrary restrictions on exports, particularly critical minerals, in a clear swipe at China. We express our grave concerns regarding economic coercion, including coercion through arbitrary export restrictions that may lead to supply chain disruptions, notably for critical minerals, and undermine economic security and resilience, the ministers said.

6 May 2026 8:35 pm
Quote of the day by Mel Gibson: 'Hollywood is a factory. You have to realize that you are working in a factory and you're part of the mechanism. If you break down, you'll be replaced.'

Mel Gibson famously described Hollywood as a factory. He believes actors are replaceable parts in a demanding industry. If not for films, Gibson would have pursued a career as a chef. He enjoys cooking, especially Malaysian Laksa. Gibson also admitted to a love for chocolate. He achieved global fame with Mad Max and Lethal Weapon.

6 May 2026 8:28 pm
Why is AMD stock soaring nearly 19% after blockbuster earnings, and are AMD shares signaling Wall Streets biggest AI power shift yet as demand rewrites the chip playbook?

AMD stock up nearly 19% today after blockbuster earnings beat. Something shifted in the semiconductor world on Wednesday, May 6, 2026. AMD stock didn't just rise it lunged. Shares of Advanced Micro Devices climbed 18.9% in a single session, adding more than $110 billion in market value in one day. And if you look closely at what drove them, you start to see a much bigger story about where AI infrastructure is actually heading.

6 May 2026 8:26 pm
Pioneering CNN founder Ted Turner dead at 87

Ted Turner, who transformed television news with the creation of CNN in 1980, has died at the age of 87, the network said Wednesday. Cable News Network upended established broadcasting with its dedication to around-the-clock breaking news and shot to global recognition with its coverage of the Gulf War in 1990-91. sms/acb

6 May 2026 8:03 pm
AIADMK not to support TVK in govt formation

The AIADMK has firmly stated it will not support the Vijay-led TVK in forming a government in Tamil Nadu, refuting media reports of a post-poll alliance. Despite TVK's strong debut with 108 seats, falling short by 10, the AIADMK clarified its stance, emphasizing no support will be extended under any circumstances. This clarification comes directly from party leadership.

6 May 2026 8:01 pm
Bitcoin price today hits 3-month high after US-Iran peace agreement reports: Will BTC USD reach $84,000 as ETF inflows rise and investors pivot away from gold?

Bitcoin BTC USD price prediction after hitting 3-month high: Bitcoin has surged to a three-month peak as reports suggest a de-escalation in US-Iran hostilities. This development is boosting investor confidence, driving Bitcoin and stock markets higher. Gold is seeing a pullback as investors shift strategies.

6 May 2026 8:00 pm
Kerala: Congress legislature party meet on Thursday to decide on new leader

Congress MLAs in Kerala will convene in Thiruvananthapuram on Thursday to begin selecting the new chief minister. Senior party leaders are arriving to gather opinions from the elected representatives. The party aims to finalize the decision by Sunday. Meanwhile, the Indian Union Muslim League is discussing portfolio demands, potentially seeking the Deputy Chief Minister post.

6 May 2026 7:58 pm
Why did oil prices crash today? $920 million crude oil short placed 70 minutes before US-Iran 14-point deal report was someone trading on inside information?

Oil prices crash today: Nearly $920 million in crude oil shorts entered the market just 70 minutes before reports claimed the US and Iran were nearing a 14-point war deal. Oil prices then crashed over 12%, creating massive profits within hours. The timing shocked Wall Street. Traders now question whether someone saw the Iran deal headlines early. This crude oil short trade is no longer just a market story.

6 May 2026 7:56 pm
Kailash Mansarovar Yatra gets costlier, fee up by 20 per cent

This year's Kailash Mansarovar Yatra will cost pilgrims Rs 2.09 lakh, reflecting a 20 percent increase. This rise is primarily due to fluctuations in currency and updated travel expenses. The renowned annual pilgrimage through Lipulekh Pass is scheduled to kick off on July 4, with ten batches of 50 pilgrims each embarking on this sacred journey.

6 May 2026 7:55 pm
April rains fuel dengue surge in Delhi as mosquito breeding spikes across city

Delhi is witnessing a surge in dengue cases. April's erratic rainfall has led to over half of this year's infections being reported. This trend is concerning, as stagnant water creates ideal breeding grounds for mosquitoes. Civic agencies are intensifying efforts to control mosquito breeding and prevent further spread. Malaria and chikungunya cases are also being monitored.

6 May 2026 7:52 pm
Georgia $500 rebate checks 2026: Who qualifies, payment dates & full details explained

Georgia is sending rebate checks up to $500 to eligible taxpayers after a big budget surplus. Payments started in May 2026 and will continue through the month. Residents who filed recent tax returns can qualify. The plan aims to return extra state money to people, but some leaders say the amount may not fully help with rising living costs.

6 May 2026 7:51 pm
Quote of the Day by Kamala Harris: My daily challenge to myself is to be part of the solution, to be a joyful warrior in the battle to come.

My daily challenge to myself is to be part of the solution, to be a joyful warrior in the battle to come. This quote by Kamala Harris reflects a mindset of responsibility, resilience, and optimism. The powerful quote highlights the importance of actively contributing to solving problems rather than remaining passive in the face of challenges.

6 May 2026 7:46 pm
Womens role in business, workforce expands: ASUSE

Women's economic involvement in India is growing. More female entrepreneurs are leading businesses, especially in manufacturing. These businesses are also creating jobs for women. Overall workforce participation for women in the non-agricultural sector has increased. Their presence is particularly strong in own-account enterprises and the manufacturing sector.

6 May 2026 7:41 pm
Bengaluru landlord seeks 33% rent hike, US woman compares with 3 to 5% rise, sparks debate

An American woman in Bengaluru is raising alarms about steep rent hikes. Her landlord demanded a 33 percent increase, threatening eviction. She contrasts this with regulated rent increases in the US. The practice of demanding security deposits far exceeding legal limits is also a concern. These sharp increases are becoming normalized in the city.

6 May 2026 7:40 pm
African proverb of the day: 'However far a stream flows, it doesnt forget...' Life lessons on success, human nature, heritage importance, and why it is essential to stay connected to one's roots

African proverb of the day explains the message behind the saying However far a stream flows, it doesnt forget its origin. The proverb highlights roots, heritage, identity, humility, and purpose. It shows why people must stay connected to family, culture, and tradition while growing in life. The teaching also links success with gratitude and reminds people to carry lessons from their beginnings wherever they go.

6 May 2026 7:36 pm
India's growth to moderate to 6.6 pc in FY27; reforms key to achieve Viksit Bharat goal: S&P report

India's economic growth is expected to slow to 6.6 percent this fiscal year. Achieving the Viksit Bharat goal by 2047 requires crucial reforms in energy and food security. External shocks from energy supply disruptions and rising oil prices are creating pressure. India must develop a comprehensive energy storage policy.

6 May 2026 7:36 pm
Badrinath may look like this as Uttarakhand planning to make it a 'Smart Hill Town'

Uttarakhand is developing Badrinath Dham into a spiritual hill town with a comprehensive masterplan. The initiative aims to provide pilgrims with a divine, well-organized experience featuring modern amenities while preserving local culture and the environment. Reconstruction work is currently underway to enhance the grand character of this significant pilgrimage site.

6 May 2026 7:21 pm
2024 Haldwani riots case: SC sets aside order granting default bail to two accused

The Supreme Court has cancelled default bail for two individuals accused in the 2024 Haldwani arson and rioting case. The court found the High Court's decision to grant bail incorrect. The accused must now surrender to the trial court within two weeks. The Supreme Court noted the investigation's expediency despite the crime's magnitude.

6 May 2026 7:16 pm
Chinese proverb of the day: A fall into a ditch makes you wiser or simply, A fall into a pit, a gain in your wit. Failure teaches what success never will. Learn how this powerful proverb shows that every mistake sharpens your mind, builds resilience, and turns lifes hardest falls into....

What a Chinese Proverb teaches us about failure, resilience, and the mind that grows: Every civilisation has tried to explain why suffering makes people stronger. Only a handful have said it this cleanly and meant it this deeply. The Chinese proverb a fall into a ditch makes you wiser explains why mistakes build wisdom, resilience, and sharper decision-making. In todays fast-moving world, failure is not weakness. It is real learning. Each setback reveals gaps. Each error improves thinking.

6 May 2026 7:16 pm
Wealthy Americans rushed to gift money earlynow new tax law leaves many regretting the timing

Many rich families in the US gave away money early to save tax before rules changed. Later, the government made those tax benefits permanent, so rushing was not needed. Now some people feel regret. Experts say it is still mostly a good decision. Taking back assets is hard, but some changes are possible with legal and financial advice.

6 May 2026 6:54 pm
Chinese proverb of the day: 'Light travels like an arrow, and time like a...' motivational lessons on why time is precious and will make you rethink how you should spend your life

Chinese proverb of the day: Time relentlessly moves forward, shaping every experience without pause. This proverb emphasizes its precious, unrecoverable nature, urging wise utilization for personal growth, relationships, and ambitions. Recognizing its swift passage, especially in hindsight, encourages valuing each moment and action, as they collectively define life's direction.

6 May 2026 6:48 pm
Big payout alert: iPhone 16 users owed millions after Apple Siri lawsuit - are you eligible?

Apple has agreed to a $250 million class-action settlement in the United States over allegations that it misled consumers about Siri and Apple Intelligence features promoted for the iPhone 16 series. The lawsuit, filed in 2024 by Peter Landsheft, claims Apple advertised AI capabilities that were not available at launch, affecting buyers of iPhone 15 Pro and iPhone 16 models purchased between June 2024 and March 2025.

6 May 2026 6:43 pm
BJPs Jeevaraj sworn in as MLA, CM Siddaramaiah cries foul

In a surprising turn of events, BJP MLA DN Jeevaraj has officially taken his oath as a legislator following a judicially-ordered recount of postal ballots in Sringeri. This recount, instigated by the high court, confirmed his election on May 3, three years after the original assembly polls.

6 May 2026 6:30 pm
Trump defends higher ballroom costs, targets less than $400 million

Amid mounting scrutiny, President Trump staunchly supports the ballooning budget for a new White House ballroom, claiming the total will remain below 400 million dollars. This statement coincides with a Republican-led push for a billion-dollar allocation meant for the Secret Service, potentially earmarked for the ballroom's construction.

6 May 2026 6:28 pm
Security barriers removed outside Mamata Banerjees residence; Kalighat street reopened to public after TMC's poll defeat

Less than 24 hours after TMCs crushing defeat in the 2026 West Bengal elections, security barriers around Mamata Banerjees Kalighat residence were removed. The iron barricades and heavy police presence that restricted public access for years have been withdrawn, bringing immediate relief to local residents.

6 May 2026 5:56 pm
The One Piece release date and episode count: The truth about its 5-hour binge, 50 manga chapters, and Netflixs bold plan revealed

The One Piece is a fresh take on Eiichiro Odas iconic manga, one of the best-selling comic series of all time. The remake revisits the early East Blue saga, offering a reimagined entry point for new viewers while giving longtime fans a more polished, modern retelling.

6 May 2026 5:54 pm
Four Myanmar nationals held with suspected heroin in Manipur

Manipur police apprehended four Myanmar nationals carrying suspected heroin. In a separate event, Governor Ajay Kumar Bhalla honored various security units for their exemplary service. These units received the Governor's Unit Citation for their dedication. The Governor acknowledged their role in maintaining peace and order amidst challenging times. Chief Minister Yumnam Khemchand Singh also praised their humanitarian efforts.

6 May 2026 5:53 pm
Quote of the day by Lisa Su: 'Dream big. This is the time to have a big, bold, audacious dream and follow your...' AMD CEOs inspiring advice to students and young professionals on ambition, chasing dreams, growth, success and thinking big in the AI era

Quote of the day by Lisa Su: AMD CEO Lisa Su inspires future leaders. She emphasizes dreaming big and embracing opportunities. Su highlights the current era as the beginning of a new wave. Her message encourages bold ambitions. She shares insights on learning and career growth. Su's journey from tinkering to leading AMD is a testament to her vision.

6 May 2026 5:51 pm
Nurses Day 2026: The hidden freebies and food deals you dont want to miss

National Nurses Day: Nurses Week 2026 runs May 6-12, honoring healthcare workers with nationwide freebies and discounts. Major chains such as Chipotle, Dunkin, and Applebees are participating, alongside coffee shops and bakeries. Offers include free drinks, BOGO deals, and discounted meals. Most require valid ID and may vary by location. The week celebrates Florence Nightingales legacy and recognizes nurses essential role in patient care across the country while encouraging communities to show a

6 May 2026 5:47 pm
Minister Jitendra Singh says scientifically-conceived RDI Fund response enthusiastic

India's new Research, Development, and Innovation Fund is receiving an enthusiastic response from the private sector. This unique initiative, launched by Prime Minister Narendra Modi, aims to accelerate breakthrough technologies. The fund supports high-risk, high-impact projects with private players contributing 50 percent. Over 200 proposals are currently under evaluation, signaling strong engagement for national self-reliance and economic security.

6 May 2026 5:47 pm