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India More Than Doubles Gold and Silver Import Taxes to Shield the Rupee
New Delhi, Wednesday, 13 May 2026.
India raised gold and silver import taxes to 15 percent to stabilize the rupee, though experts warn this aggressive hike could unintentionally trigger a massive resurgence in illegal smuggling.
latest news in economy
Historic 2026 Super El Niño Forecast Signals Major Disruptions for US Economy
Washington D.C., Tuesday, 12 May 2026.
A rapidly developing Super El Niño, potentially the strongest in modern history, threatens US supply chains and agriculture in late 2026, demanding immediate risk management from business leaders.
latest news in companies
eBay Declines GameStop's $56 Billion Merger Proposal Amid Financial Skepticism
San Jose, Tuesday, 12 May 2026.
On May 12, 2026, eBay rejected GameStop’s $56 billion buyout offer. Management dismissed the ambitious proposal from a company nearly four times smaller as financially unviable and unattractive.
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UK Pauses Energy Debt Relief as Household Arrears Project to Hit $9.5 Billion
London, Tuesday, 12 May 2026.
Britain has stalled a £500 million relief scheme as household energy arrears project to hit $9.5 billion by late 2026, highlighting severe macroeconomic vulnerabilities in global utility markets.
latest news in general
Violent $6.5 Million Digital Currency Heist Exposes Escalating Physical Threats to Investors
San Francisco, Tuesday, 12 May 2026.
Three men face federal charges after allegedly posing as delivery workers to orchestrate a violent kidnapping spree, stealing $6.5 million in digital assets at gunpoint from California investors.