The Economic Times

Budget 2026: The Economic Survey of India is scheduled to be presented on January 29th, followed by the Union Budget 2026-27, to be presented on February 1st.

Delhi Weather Today: Delhi received moderate rainfall along with thunderstorms and lightning on Tuesday. The weather office IMD has issued a green alert for today, which means no warning for bad weather. The IMD has forecast light rainfall for Delhi and Gurugram on February 1. Noida will witness a generally cloudy sky with light rain on February 2, the IMD said.

Fed meeting outcome: The US central bank lowered rates in each of its last three policy meetings -- bringing them to a range between 3.50 percent and 3.75 percent -- as officials fretted about the cooling jobs market.

Coco Gauff defended her racquet-smashing outburst after her Australian Open quarterfinal exit, stating it's not a bad thing to show emotion in high-pressure situations. The young American explained that expressing her frustration helps her process disappointment and avoid lashing out at her team. Gauff believes letting out her feelings is necessary to move forward after a shock defeat.

Dollar fall: Amid the backdrop of the dollar hitting a four-year low, President Trump touted the currency's impressive value, even as experts analysed the various elements contributing to the dollar's decline. While a weaker dollar may benefit US exporters by lowering prices overseas, Trump noted his intention for the dollar's value to find its natural balance.

Saint John police are investigating serious allegations at Loch Lomond Villa. At least twelve elderly residents are identified as victims. A suspect has been identified, but no charges are announced. Loch Lomond Villa has increased security and is reviewing its procedures. Families have been notified. Authorities are seeking information from the public.

The Australian dollar surged to a three-year high against the US dollar on Wednesday, fueled by news of potential international travel by Australians and stronger-than-expected consumer price inflation. Annual inflation accelerated to 3.6%, with core inflation rising above forecasts, increasing expectations of a near-term interest rate hike by the Reserve Bank of Australia.

Trump made the threat days after the dominant political bloc known as the Coordination Framework, a collection of Shiite parties, announced it was backing the nomination of al-Maliki, who the US administration views as too close to Iran.

Republic Day: Several States of the US Northwest, in the Consulates jurisdiction, including Alaska, Nebraska, Washington, Oregon and South Dakota, issued special proclamations honouring the Republic Day celebrations by the Consulate.

India-Arab FM meet: The focus of the meet will be on the Gaza Peace Board, Palestinian issue, the India-Middle East-Europe Economic Corridor, bilateral trade, investment, energy security and counter-terrorism cooperation, ET has learnt.

Bangladesh polls: There are apprehensions that radicals will try to disrupt elections and deny the majority to BNP, pushing for a coalition government comprising Jamaat-e-Islami (JeI). The JeI has been emboldened following the outreach by the US and the UK. The US has allegedly tried to guide JeI to navigate the complicated politics of Bangladesh to consolidate its position.

Trump peace board: Much about the Board of Peace has so far been unclear, but a draft resolution would allow the chair, Trump, to nominate senior officials who will help administer Gaza, and assign responsibilities.

India-EU FTA: India and the European Union are strengthening ties through a comprehensive strategic agenda. This partnership prioritises sustainable development, clean technology and green initiatives. Key areas include renewable energy, green hydrogen and climate resilience.

IRS tax refund schedule 2026: The 2026 tax season has begun with significant changes under the One Big Beautiful Bill Act, promising potentially record-breaking refunds. Key provisions include no tax on tips and overtime, larger standard deductions, and an expanded Child Tax Credit. The IRS recommends direct deposit for the fastest refund, with electronic filing also speeding up processing.

India auto exports: In South Africa, the number of vehicles shipped from China has surged 368% over the past four year, and from India 135%. Competition has been fiercest in the entry-level segment of the market, with lower-priced imports compressing margins for domestic producers.

US dollar DXY today: The US dollar has fallen sharply, reaching its lowest point since early 2022. President Donald Trump's comments indicating he is comfortable with a weaker dollar have encouraged traders to sell. This move is seen as a signal that the administration may favor a weaker currency to boost exports. Analysts warn this could trigger further declines.

School Spirits Season 3 Episode 1 to 3 releases Wednesday, January 28 at 3:01 a.m. ET on Paramount+. The season starts with three episodes, followed by weekly releases. Maddie faces new challenges while Simon explores Split River Highs secrets. The season has eight episodes streaming exclusively on Paramount+.

Schools closed tomorrow: North Texas families are adapting as dangerous winter weather forces widespread closures of schools, daycares, colleges, and offices. Major school districts like Dallas ISD and Fort Worth ISD have confirmed closures due to unsafe icy road conditions. Many other educational institutions and government services are also impacted, shifting to virtual operations or pausing activities.

When is next Federal Reserve policy meeting and why is it crucial for US stock market, gold and silver price rise? The January FOMC meeting may shape interest rate outlook, market sentiment, gold prices, silver prices, and investor expectations amid economic data and political pressure.

Winter Storm Weather Forecast: Another winter storm is brewing for the East Coast this weekend, January 31 and February 1. Weather models indicate a new system could bring snow, sleet, or rain. This comes after a recent storm dumped over 20 inches of snow and ice, causing widespread power outages. Forecasters warn of uncertainty regarding the storm's track and intensity.

What is gold price next milestone and will it really hit $6,000 by year end? Gold crossed $5,000 per ounce as investors reacted to policy risks, rate expectations, and global uncertainty. Banks now project higher targets as demand remains strong across markets.

Arizona shooting: A critical shooting involving US Border Patrol in southern Arizona has left an unidentified individual fighting for their life. The incident occurred Tuesday morning near Arivaca Road, prompting an emergency response and a joint investigation by the Pima County Sheriff's Office and the FBI. Details surrounding the encounter remain unclear as authorities probe the event.

Why is silver price looking to hit $150 soon and will it go on to touch $170 milestone? Silver price rises as gold price hits records. Bank forecasts change. Investor demand grows. Federal Reserve policy, market risk, and metal trading volumes support silver price movement.

Joe Brady has been named the new head coach of the Buffalo Bills, signing a five-year deal. Brady, who joined the Bills in 2022, was promoted to offensive coordinator in November 2023 and led the team to a record-breaking offensive season. Quarterback Josh Allen praised Brady's positive influence and energy.

Philip Glass canceled the premiere of his Lincoln symphony at the Kennedy Center, citing disagreements with its current leadership. His decision comes as more artists pull out of the venue following changes made after Donald Trump took control. The controversy has raised questions about artistic freedom, leadership influence, and the future direction of Americas top arts center.

A near-fatal incident has sparked concerns over AI chatbots. YouTuber Kristi shared how her best friend was repeatedly assured that a deadly poison hemlock plant was safe, even after providing multiple images. Kristi wrote, Chat GPT NEARLY k*lled my best friend by telling her that POISON HEMLOCK was CARROT its poison hemlock. Which there is NO antidote for and is EXTREMELY deadly.

Graham Norton revealed he has signed numerous NDAs regarding Taylor Swift and Travis Kelce's upcoming wedding, stating he can say nothing about the nuptials. Swift had previously hinted at Norton's attendance during an interview on The Graham Norton Show, where she discussed Kelce's elaborate proposal.

US health insurance stocks experienced a significant drop Tuesday. This followed a proposal for a minimal 0.09 percent increase in 2027 Medicare Advantage rates. Major companies like UnitedHealth and Humana saw substantial stock declines. The move has raised concerns about potential cost and benefit changes for millions of seniors and people with disabilities.

In a monumental development, India and the European Union have come to terms on a landmark Free Trade Agreement that promises to unlock a wealth of investment and foster innovation for businesses and entrepreneurs across both regions.

Ambassador David Perdue said the probe into Zhang Youxia, announced over the weekend, is a major development, citing the family connections the vice chair of China's apex military commission has with Xi. Chinese authorities said Zhang is being investigated for suspected serious discipline and law violations, without providing further details.

University Grants Commission (Promotion of Equity in Higher Education Institutions) Regulations, 2026, was notified earlier this month and applies to all higher educational institutions in India.

A severe Arctic air mass is expected to hinder recovery efforts across the northern half of the United States following a recent storm. Municipalities from New Mexico to Maine are working to clear snow and debris after the weather system brought heavy snow, strong winds, freezing rain, and sleet.

Angelina Jolie is reportedly planning a significant lifestyle shift. She has sold her New York apartment and may sell her Los Angeles mansion. This comes amid reports of financial strain and ongoing legal battles. Jolie has expressed a desire to spend more time in Cambodia. Her children's differing life paths present a challenge to her plans.

New Delhi hosts the Global Business Summit on February 13-14. The event examines a decade of disruption and its impact on global leadership, governance, and growth. Industry 5.0, economic shifts, and workforce transformation are key themes. India's role as host highlights its economic standing. The summit brings together global leaders and thinkers to discuss critical challenges and opportunities.

Wealth Quote of the Day by David Ricardo: Profits depend on high or low wages, wages on the price of necessaries, and the price of necessaries chiefly on the price of food Food prices rose over 25% since 2020 in the US. Wages followed, but unevenly. Corporate profits stayed strong. David Ricardo explained this chain two centuries ago. Necessities set wages. Wages pressure profits. Food sits at the base. Todays inflation debate proves his theory still works.

Andhra Pradesh's GoM on social media, headed by state IT and electronics minister Nara Lokesh, will meet to discuss the pros and cons of banning social media for children.

Defence Minister Rajnath Singh lauded the innovative contributions of DRDO in developing homegrown technologies. He noted the urgency for expediting the rollout of new weapon systems, as the pace of technological evolution necessitates swift governmental action.

Russia launched more than 50 drones at the Ukrainian city of Odesa, President Volodymyr Zelenskiy stated. He characterized the action as a rutal attack. The reported drone strikes come as Ukrainian and Russian negotiators are preparing for new talks scheduled for Sunday.

Assam Chief Minister Himanta Biswa Sarma stated the BJP has a surplus of 32 assembly seats based on their 2024 Lok Sabha performance, where they secured 96 segments. He emphasized that with only 64 seats needed to form the government, the BJP is poised for a third consecutive term in the upcoming assembly polls.

West Bengal Chief Minister Mamata Banerjee is set to visit New Delhi to discuss alleged harassment during the Special Intensive Revision (SIR) exercise with MPs and Opposition leaders. This visit has led to the postponement of the state's interim budget, now scheduled for February 5, with the assembly session commencing on February 3.

Parliament's budget session begins Wednesday. Opposition parties want debates on MGNREGA, electoral roll revisions, foreign policy, and the economy. The government rejects discussing MGNREGA's replacement. The focus will be on the President's address and the general budget. All-party meetings aim for smooth proceedings. A TDP ally seeks tax relief on unmanufactured tobacco.

The Doomsday Clock 2026 shows the world is closer to disaster than ever. Scientists warn that nuclear risks, climate crisis, AI dangers, and misinformation are pushing humanity toward global threats. The clock is a warning to governments and people to act fast and work together to reduce these risks before its too late.

Pyongyang has substantially increased its missile testing in recent years, according to analysts. These tests are reportedly aimed at improving precision strike capabilities. They also serve to challenge Washington and Seoul. Furthermore, analysts suggest North Korea is testing weapons before exporting them to Russia, a key ally.