BUSINESS
Edward Snowden, Elon Musk, other tech leaders condemn arrest of Telegram founder Pavel Durov
Durov was scheduled to appear in court on Sunday, where he faces potential charges that could lead to a prison sentence of up to 20 years. Telegram has yet to comment on the arrest, while Russia's embassy in France is reportedly taking steps to address the situation.
BUSINESS
What is Dynamic Reference Rate? India and Russia’s strategy to streamline trade, bypass US sanctions
This new system could be modelled after the existing framework between India and the UAE, where transactions are settled in local currencies (INR or dirham) with central bank support.
INDIA
78th Independence Day: Remembering the iconic flagbearer who sparked India's revolution
Known as the ‘Mother of the Indian Revolution,’ Cama's bold activism, from nursing plague victims to smuggling revolutionary literature, and her unwavering belief in immediate independence, solidified her legacy as a fearless champion of both Indian freedom and gender equality.
WORLD
Donald Trump and Joe Biden's War of Words: Ukraine, NATO, and Israel in spotlight at campaign debate
In a heated debate that marked their campaign season opener, former US President Donald Trump and President Joe Biden clashed over America's stance on the Russia-Ukraine conflict and NATO commitments.
INDIA
MC Exclusive: FSSAI calls for strict compliance of food safety protocols after alarming contamination reports
From dead rats hidden in chocolate syrup bottles to frogs lurking in wafer packets, these revolting findings have ignited public outrage and cast a harsh spotlight on significant lapses in food safety and quality control.
BUSINESS
Indian Travellers' Faux Pas: US border busts fake luxury goods
As the saying goes, in the world of knock-offs, it's better to travel light—or better yet, stick to the real deal.
WORLD
MC Explains | Why US legislation on Tibet challenges China policies
With bold moves to counter Chinese propaganda and support Tibetan self-determination, the bill marks a pivotal shift in U.S. policy, sparking international tensions over Tibet's sovereignty and the Dalai Lama's succession.
INDIA
Nalanda Reawakens: Breathing new life into the world's first residential university
The revival of Nalanda University gained momentum in 2006 when Dr. A.P.J. Abdul Kalam, the then President of India, proposed its re-establishment during a session of the Bihar State Legislative Assembly.
BUSINESS
Tesla's $44.9 Billion Bet on Musk: Reinstating the CEO's pay package explained
This compensation plan essentially represented Musk's confidence in his ability to elevate Tesla's market valuation from $60 billion to at least $650 billion, marking a 983% increase.
WORLD
K-Poop: Why North & South Korea are weaponising balloons and broadcasts
As trash-filled balloons soar and loudspeaker broadcasts waft across the border, an amused and anxious world watches a bizarre showdown in one of the world's most volatile regions.
BUSINESS
MC Explains | Will the new GNSS-based toll collection change highway travel in India?
This innovative system promises to eliminate toll plazas, reduce congestion, and ensure fair toll payments based on the actual distance travelled.
WORLD
Donald Trump's Conviction: Will it alter voter support in the US Presidential race?
As the dust settles from Trump's stunning conviction, analysts grapple with its potential to reshape the 2024 political arena, while voters reconsider their loyalties in the aftermath of this seismic verdict.
BUSINESS
Bitter pill: Zee tech subsidiary Sugarbox shuts shop; employees say haven’t been paid
The Sugarbox employees revealed that they had received no formal communication from the company about the closure of operations and allege that there had been miscommunication over their employment contracts
WORLD
PM Modi’s UAE trip: Five key points why it matters
This will be PM Modi’s seventh visit to the UAE. The visit which will see the inauguration of Abu Dhabi’s first ever temple will also witness the signing of several economic deals which are considered to be of great significance to both countries.
TRENDS
Same sex marriage: Supreme Court refuses to recognise same sex marriage, calls it the domain of Parliament
The court reserved the judgment on a bunch of pleas on May 11 after a marathon hearing in March and April with nearly 40 lawyers arguing for and against the matter.
BUSINESS
MC Explains: How China’s hero sector has turned antagonist for its economy
The IMF has warned that China’s financial stability is in danger as the country's real estate market continues to spiral out of control, leading the agency to lower its growth estimates for the country.
WORLD
MC Explains | Three decades of failed peace efforts: How the Nagorno-Karabakh exodus was in the making
The two countries have never signed a peace deal and despite negotiations over the years do not have formal diplomatic relations
WORLD
Iran-Pakistan Gas Pipeline: What's on the cards for the ambitious project?
According to the initial bilateral agreement, Islamabad would have to pay a daily penalty of $1 million for delay on its part in the project. Earlier this year, Tehran warned Islamabad that it would have to pay about $18 billion in penalty if the project is not completed by March 2024
BUSINESS
Will PM PRANAM scheme be a game-changer for the agricultural sector?
The effort is aimed at cutting the use of chemical fertilisers, while also improving crop yields and saving on subsidies.
INDIA
Why, nearly a century later, does India need a new Parliament building?
The new building is to be equipped with all modern audio visual communication facilities and data network systems.
BUSINESS
The Bay of Bengal Economy | Will India, Bangladesh and Japan change the South Asian trade story?
While India’s Northeast is key to Japan’s Indo-Pacific plan, Bangladesh is key to India’s Northeast. So, the partnership with Bangladesh is inevitable to the Indo-Japan partnership.
BUSINESS
Gold gets more lustrous: What’s making the yellow metal shine and the way forward
Gold prices have hit a lifetime high in India, Australia, and the UK, while they’re at an 11-month high in the US. The crises at SVB, Signature Bank, and Credit Suisse are making investors turn to gold as a safe-haven asset.
INDIA
India, US deepen ties with launch of Strategic Trade Dialogue
The Dialogue will address export controls and ways of enhancing high-tech commerce and facilitating technology transfer between the two countries.
BUSINESS
Tesla shares take a breather but stare at record annual slump on Wall Street
One of the great winners of the pandemic, having surged more than 740% in 2020 on the back of booming demand and rock-bottom interest rates, Tesla has declined to about 65% this year and wiping out over $670 billion in market value
