The Economic Times

Wont accept Canada is a subsidiary of US attitude: Carney hits back at Trumps 50% tariff threat

Quote of the day by Sean Connery is a powerful reminder that the passage of time alone does not create wisdom. Birthdays may count the years, but character is shaped by what people do with those years. Maturity emerges through responsibility, emotional awareness, empathy, resilience, humility, and the courage to learn from experience. Growing older is inevitable; growing wiser is a choice that requires conscious effort. Rather than focusing solely on how many years have passed, we can ask what t

In 1999, a small unit mismatch sent NASA's Mars Climate Orbiter deep into the Martian atmosphere and led to the failure of the mission. The spacecraft received correct commands and survived its journey from Earth, but ground software used pound-force-seconds while navigation software expected newton-seconds. The resulting error changed the predicted trajectory and sent the spacecraft below its planned Mars orbit.

Quote of the day by Herodotus: Herodotus, the ancient historian, highlighted the necessity of fun and relaxation in life. He expressed concern that an overly serious demeanor could lead to madness or instability. This wisdom is still applicable in our modern world. Finding harmony is essential, and giving ourselves the chance to unwind is crucial for overall well-being.

Mercury entering Virgo on August 25, 2026, will bring practical energy to financial matters. This astrological shift will positively impact Virgo, Taurus, and Aquarius zodiac signs. Virgos will gain confidence in their ability to build financial success. Taurus individuals will reinforce practical instincts and recognize dependable opportunities. Aquarius people will refine their balanced approach to money and its purpose.

Former minister P Chidambaram called the 'one nation, one election' plan unconstitutional. Vidhi Centre for Legal Policy also urged significant changes to the proposed framework. They argued curtailing legislature tenure violates the Constitution's basic structure. The think tank flagged potential delegation of Parliament's amending powers. The joint committee will examine all submissions before making recommendations.

The Supreme Court has sought Kerala government's response on a plea. A death row convict seeks transfer from a Kerala jail to Assam. His wife and aged parents currently reside in Assam. Assam will consider the request after Kerala permits the transfer. The apex court issued notice to the Kerala government for its response.

Congress accuses the government of aggressive privatization of India's space program. This agenda will limit the Indian Space Research Organisation's rocket development and manufacturing. The party questions why ISRO is being strangulated and emasculated by this policy. Much of ISRO's satellite assets may transfer to private companies under this plan.

A CRPF constable was injured amid fresh firing in Senapati and Kangpokpi districts. Houses belonging to Naga residents were burnt down early Monday morning. Incidents of houses being burnt were reported starting at 2:40 am. Protestors blocked the Imphal-Dimapur highway, disrupting traffic flow. The Taphou Kuki Village Authority condemned the destruction of a residential house.

On August 25, 2026, Mercury transitions into Virgo, heralding fresh starts for select zodiac signs. Sagittarius is poised to gain by engaging in meaningful dialogues and seizing opportunities as they arise. Meanwhile, Capricorn's inquisitive nature may lead to profitable endeavors and skill development. Aquarius is set to harness their expertise, while Pisces can attain liberation by shedding past burdens.

Quote of the Day by Rock Hudson: Rock Hudson's quote, I had to learn to live with myself. That was the hardest thing of all... reveals the quiet tension between public expectations and personal truth. Having spent decades under Hollywoods intense media scrutiny, Hudson understood that genuine peace requires letting go of the need for external approval. The quote highlights how modern life frequently pressures people to perform for an audience, whereas true strength rests in making peace with one

Japanese proverb of the day: Modern life encourages multitasking and pursuing multiple opportunities simultaneously. This proverb highlights how divided attention hinders meaningful progress on any single goal. Numerous distractions today further challenge sustained focus and commitment. Choosing one path can feel like forfeiting other possibilities and opportunities. Focused effort on what matters most yields better results than scattered attention.

A proposed American nuclear reactor, EAGL-1, will use liquid lead-bismuth coolant. China currently dominates global refined bismuth production, creating supply chain concerns. First American Nuclear is also developing a facility for uranium fuel fabrication. This fuel plant will convert high-assay low-enriched uranium gas into solid pellets.

Quote of the day by Jean-Jacques Rousseau explains how freedom can exist with duties, rules and commitments. The statement, Freedom is the power to choose our own chains, focuses on personal choice, responsibility and self-mastery. Rousseau argued that people cannot live without limits. The key is to choose the responsibilities and values that guide life.

Citizens can book parcels, check their savings and get insurance services under a single interface without visiting a post office. Communications minister Jyotiraditya Scindia said India Post is being modernised for the needs of the 21st century.

India has mobilised $73 billion in foreign exchange inflows in less than 11 weeks, surpassing the scale and pace of the RBIs 2013 FCNR(B) swap scheme, the finance ministry said.

Content creator Disha Desai sparked online debate after urging people to stop complaining about their 9-to-5 jobs while relying on the salary to fund their lifestyle. In a viral Instagram video, she argued that those unhappy with corporate life should work toward building an alternative income source instead. The video drew mixed reactions, with some agreeing and others citing burnout and toxic work cultures as valid concerns.

Strong FCNR(B) deposit inflows have led analysts to raise their estimates for dollar mobilisation through the scheme. Jefferies now expects inflows to reach $90-100 billion by August 31, up from its earlier estimate of $70-80 billion.

Dott, 49, was found guilty of abusing a girl from 1993-96 and a boy from 2006-10 after a five-day trial at the High Court in Glasgow. The judge ordered that Dott be held in custody ahead of his sentencing on Sept. 29. The woman, now in her 40s, testified that Dott sexually abused her on multiple occasions, caressing her bottom over her clothing, exposing himself and touching her with parts of his body including his penis.

Fromm Family Foods has recalled two canned dog food products in the US and Canada. These products may contain small pieces of metal, according to the FDA. The recall covers specific lot codes and a Best By date of March 2029. Consumers should return affected products to their retailer for a refund. No illnesses or injuries have been reported in connection with this recall.

Trong Duc Cocoa Co. Ltd. in southern Vietnam has developed a way to reuse approximately 5,000 tons of discarded cocoa pods generated each year. Supported by the European Union-funded SWITCH Asia program, the project feeds shredded and dried pods into a Torch Updraft Gasifier, where they are converted into biochar while producing usable gas and heat. The heat is used to assist cocoa-bean drying, particularly during the rainy season, when humidity can extend drying times and increase mold risks.

After losing to the Netherlands in their previous match, India were almost out of the race for the last four from Pool E. However, Argentina's victory over England had technically kept their qualification hopes alive. India needed to win by at least three goals to advance, but conceded twice in the opening six minutes and struggled to recover. Poor passing, frequent loss of possession and a leaky defence compounded their problems.

India requires insulation to manage global geopolitical uncertainty and unpredictable shocks. Reforms and institutional changes have strengthened India's ability to withstand these challenges. Measures like GST and digital payments build resilience for bumpy roads ahead. India's economic rise and a new EU trade pact show its opening. The nation is simultaneously opening up and building its resilience.

AI presents significant business opportunities and challenges, necessitating employee upskilling and careful data governance. Technology's widespread deployment is reshaping labor markets and societal structures, impacting wealth distribution. Geopolitics will significantly influence how nations leverage AI, affecting access to critical resources like chips. Business schools must equip students with critical evaluation skills for AI's outputs and underlying assumptions.

The Delhi High Court will not consider non-encashment of RCom bank guarantees as a default. This ruling applies until the next hearing scheduled for September 3. Banks and RCom entities challenged the Department of Telecommunications' move to invoke guarantees. The court will adjudicate the legality of the department's actions and the banks' opposition. The government claims an independent right to proceed against petitioners and banks.

Pant's batting was best encapsulated by a falling pull off Lahiru Kumara in the 90th over. The contact with the ball was so clean that it disappeared in the gap between the Col. FC de Saram Pavilion and the Members' Enclosure and landed onto Gregory's Road. The shot was identical to the one he attempted on Sunday when he was hit on the wrist and forced to retire hurt.

Dubai seeks to become a hub for Indian AI talent to access wider markets. An AI corridor between Dubai and Bengaluru is being developed. This initiative aims to boost productivity and profitability across various industries. Dubai's regulatory approach supports new technology adoption and business growth. The number of Indian businesses operating in Dubai continues to increase significantly.

Klaus-Michael Kuehne, the richest man in Germany, has passed away at the age of 89. Under his leadership, Kuehne + Nagel transformed into a global freight forwarding powerhouse. The company experienced a remarkable profit boost during the recent pandemic, attributed to a surge in demand for healthcare and consumer products. His substantial stake in Kuehne + Nagel significantly contributed to his immense wealth.

Earth faced its worst extinction event around 252 million years ago. Volcanic activity in the Siberian Traps is the leading explanation for this crisis. New dating places a major magmatic phase near the extinction's start. Underground magma interacting with sedimentary rocks released greenhouse gases.

External Affairs Minister S. Jaishankar met Russian President Vladimir Putin in Moscow. He conveyed a personal communication from Prime Minister Narendra Modi. Discussions focused on boosting economic and defense cooperation between the two nations. Both leaders anticipate upcoming meetings at SCO and BRICS summits. Further annual summits are planned later in the year.

Rhea Chakraborty house news: The actor has returned to television in The Traitors Season 2. She lives in a Juhu apartment with her parents and brother. Her home features a neutral palette and minimal dcor with ample greenery. Floor-to-ceiling windows and her mother's artwork personalize the space. Chakraborty finds her current residence to be her dream home.

Finance minister Nirmala Sitharaman will visit Canada and the United States soon. She will meet global investors and corporate executives to seek new investments. Sitharaman will also attend key G20 Finance Ministers and Central Bank Governors meetings. The engagements aim to strengthen economic partnerships and advance global priorities. This trip seeks to expand investment linkages and foster cooperation with partner nations.

When Apollo 13 Went Dark, a Mechanical Wrist watch Saved the Mission. After an explosion crippled their spacecraft, the crew powered down their guidance computer to preserve remaining electricity and cooling water. Astronaut Jack Swigert relied on his wrist chronograph to time a critical fourteen-second engine burn while watching Earth's horizon. That single manual maneuver guided the disabled capsule into a safe trajectory home, turning an analog backup into NASA's legendary survival feat.

An UPSC aspirant's emotional post about selling years of preparation material for Rs 464, after failing three consecutive Mains attempts and missing Prelims this year, has gone viral online. The post detailed personal sacrifices, including a declined job offer and a lost relationship, and drew empathetic responses from fellow aspirants sharing similar struggles, highlighting the untold toll faced by UPSC's unsuccessful majority.

An intriguing discovery in Egypt revealed an ancient mummy with a papyrus fragment of Homer's Iliad resting on its abdomen. This fragment, specifically from the Catalogue of Ships in Book II, raises questions about the unique literary practices of ancient Egyptians. Researchers are delving into its purpose, shedding light on how literature intertwined with their beliefs and rituals during mummification.

Boris Johnson lauded India's strong leadership and predicted an incredible future for the nation. He expressed deep dissatisfaction over the US not consulting the UK on the Iran war. Johnson believes the UK could have prevented the US from entering an obvious trap. He also highlighted progress on the India-UK free trade agreement negotiations. The former Prime Minister preferred American global hegemony over that of China.

The Supreme Court advised Tamil Nadu to approach the Cauvery Water Management Authority. This follows Tamil Nadu's plea for Karnataka to release its due water share. The court noted Tamil Nadu had previously received more water than allocated. Tamil Nadu's counsel argued the authority had not directed proportionate water release. The matter will be heard again on August 31.

The Goa government argued Tarun Tejpal should surrender before filing his appeal. Solicitor General Tushar Mehta highlighted the seriousness of the matter before the court. Kapil Sibal countered that Tejpal has time to surrender as granted by the High Court. Tejpal's appeal was filed after the Bombay High Court rejected his conviction stay. The Supreme Court will pass an appropriate order after hearing both sides.

The US plans to impose a 7.5% tariff on Chinese goods soon. This move aims to restore previous duties to around 20% before a summit. Beijing previously stated this level aligns with its trade truce with Washington. The administration is also considering suspending part of a higher duty rate. Both nations are looking to extend their current trade pact truce.

India is becoming a priority market for Silicon Valley AI companies, which are increasingly building products specifically for Indian users, especially in multilingual and affordable applications. However, the country still faces shortages of frontier AI talent and risk capital, limiting its ability to build foundational AI models.

Mexican Proverb of the Day: Even if the monkey dresses in silk, it stays a monkey explores the difference between outward appearance and underlying character. The proverb uses the contrast between an ordinary monkey and luxurious silk to suggest that external changes do not necessarily create genuine transformation. Its broader lesson encourages people to look beyond polished appearances and consider substance, behaviour and character.

Manoj Jarange, a Maratha reservation activist, will begin a hunger strike on August 29. He is demanding reservation for the Maratha community under the OBC category. Maharashtra ministers met Jarange and urged him to reconsider his protest plans. The ministers appealed to the activist not to proceed with the planned agitation. Jarange, however, remains steadfast in his resolve for the reservation demand.