Business

Prada’s controversial sandal design, strikingly similar to traditional Kolhapuri chappals, has ignited a surge in sales and interest for the Indian footwear. The uproar, fueled by nationalist sentiment and social media buzz, prompted Prada to acknowledge the inspiration and consider collaboration with local artisans. Indian brands are seizing the opportunity, hoping to elevate Kolhapuri craftsmanship…

Donald Trump’s net worth is complex to calculate, with estimates potentially reaching $10 billion due to cryptocurrency investments. His wealth includes real estate, stocks, and Truth Social shares. Legal battles and substantial debts, exceeding $640 million, further complicate his financial picture, impacting his overall net worth assessment.

Donald Trump announced a new trade deal with Vietnam, finalized after talks with General Secretary To Lam. Vietnam will impose a 20% tariff on its exports to the US, while granting the US “TOTAL ACCESS” to its markets with zero tariffs. Trump highlighted the potential for American SUVs in Vietnam, praising the deal and thanking…

Kuwait has implemented a new electronic exit permit system for expatriate workers in the private sector, effective July 1, 2025. Foreign employees must now obtain employer approval via the Sahel Individuals app and As-hal Companies portal before traveling abroad. The system aims to streamline procedures and enhance transparency, though concerns about worker freedom have been…

US President Donald Trump’s ‘Big, Beautiful Bill’ narrowly passed the Senate, facing concerns over welfare cuts and a $3 trillion debt increase. Trump claims the bill will bring unprecedented growth and investment, fueled by tariffs. The legislation extends tax cuts, reduces Medicaid and food assistance, and boosts border control spending.

The Reserve Bank of India has set the redemption price at Rs 9,628 per unit for two Sovereign Gold Bond (SGB) tranches, specifically the 2017-18 Series-XIV and 2018-19 Series-IV, maturing for premature redemption on July 1st.

India is planning to build three more strategic oil storage facilities to boost its energy security. These new reserves, including facilities in Bikaner, Mangalore, and Bina, will add to the existing capacity of 5.33 million tonnes.

Oracle’s stock surged to a record high following the announcement of a major cloud computing agreement projected to generate over $30 billion in annual revenue starting in fiscal year 2028. This deal, potentially linked to OpenAI and SoftBank’s Stargate project, underscores Oracle’s growing influence in AI infrastructure and cloud services.