Former Reserve Bank of India Governor Raghuram Rajan, Harvard economist Raj Chetty and Microsoft executive Asha Sharma have joined newly formed Federal Reserve task forces examining major areas of US monetary policy. The panels will study the Fed’s balance sheet, economic data, employment, productivity, communications and inflation framework. Fed Review Brings Global Experts Into Policy Reform The US Federal

Karnataka CM DK Shivakumar assured farmers that their land would not be forcibly acquired for the Bidadi Township project and announced a committee review. No land without farmers consent Karnataka Chief Minister DK Shivakumar has assured farmers that the state government will not forcibly acquire land for the proposed Bidadi Township. His statement followed protests over a land survey that farmers said was being conducted without the

President Donald Trump will appear on a new $1 coin produced by the United States Mint, becoming the first living US president whose portrait will feature on an official American coin. The numismatic product forms part of the national celebrations marking 250 years since the signing of the Declaration of Independence. The US Mint said the Trump commemorative $1 coin is expected to become available in late fall 2026. Unlike ordinary circula

China has constructed a detailed, full-scale target resembling a US Navy Arleigh Burke-class guided-missile destroyer at a remote testing range in Xinjiang. Satellite imagery attributed to US geospatial company Vantor suggests the model could help China study missile targeting, surveillance and strike coordination against a moving naval platform. Desert Target Shows Greater Structural Detail The China ship repl

The US military testosterone screening program will introduce annual military medical screening for eligible service members to improve combat readiness. The policy also offers voluntary testosterone replacement therapy for troops diagnosed with low hormone levels. US Military Testosterone Screening Introduced to Improve Combat Readiness The United States D

The United States has approved a potential $1.96 billion precision-weapons sale to Saudi Arabia as the kingdom faces renewed missile and drone threats from Yemen’s Houthi movement. The proposed package includes Advanced Precision Kill Weapon Systems designed to improve Saudi air defence and regional military coordination. Saudi defence receives major US weapons boost The US State Department approved the possi

A bipartisan group of US senators has introduced a revised sanctions bill that could impose tariffs of up to 100% on goods from countries purchasing large amounts of Russian oil and gas. India and China are among the five countries specifically targeted, placing renewed pressure on their energy trade with Moscow while raising questions about the future of India-US commercial relations. India tariff threat under revised US bill

US Vice President JD Vance has admitted that the Trump administration mishandled communication surrounding the Jeffrey Epstein files. During an appearance on The Joe Rogan Experience, Vance said officials created unnecessary confusion but rejected accusations of a deliberate cover-up. Epstein release should have started earlier Vance said the administration should have released the available Epstein material mo

US President Donald Trump said Iran has allowed an American woman detained since December 2024 to leave the country. He welcomed the development as a goodwill gesture by Tehran, although several important details about her case, release and current destination remain publicly unconfirmed. Trump claim on detained American Trump announced the woman’s departure from Iran in a Truth Social post on Wednesday, July

The Peterborough Hindu temple operated by Bharat Hindu Samaj is challenging the city council’s proposed property sale in the UK High Court. Trustees argue that the bidding process was unlawful and could leave the area’s Hindu community without a suitable place of worship. A Hindu temple in Peterborough, England, has asked the UK High Court to overturn the city council’s proposed sale of its long-standing property to an Islamic organizati

India's RBI-backed FCNR deposit initiative has reportedly mobilized nearly $10 billion in foreign-currency deposits from NRIs. The strong response highlights growing demand for foreign-currency savings while helping strengthen India's external financing position. India's temporary Reserve Bank of India (RBI) initiative to encourage Foreign Currency Non-Resident (FCNR(B)) deposits has reportedly attracted nearly $10

The Utah mall stabbing left an Indian Muslim kiosk worker critically injured at Valley Fair Mall. Police allege that suspect Peter Michael Larsen selected Sohail because of his religion and intended to kill him before bystanders intervened. Utah Mall Stabbing Leaves Indian Muslim Worker Critically Injured An Indian Muslim kiosk worker was critically injured in an alleged religiously motivated s

Indian student Makkena Prasanna, 27, died in a New Jersey crash while traveling with friends. The Andhra Pradesh native had completed a master’s degree in the United States, and her family is seeking government help to return her remains to India Indian student Makkena Prasanna, 27, died in a car crash in New Jersey on Tuesday, July 14, 2026, according to reports from India. Three friends traveling with her were reportedly

The worker shortage era is no longer a distant demographic warning. OECD projections show a shrinking working-age population, rising public costs and slower growth, while Japan’s labor gap reveals why migration and automation are becoming economic necessities. Ageing workforce changes the global labor market The world has crossed a demographic threshold that many economies cannot easily reverse. Falling birth

India faces renewed pressure over its Russian oil purchases after US President Donald Trump backed legislation designed to penalise countries that continue buying Russian energy. Although an earlier version proposed tariffs as high as 500%, the revised measure reportedly limits the maximum rate to 100%, making the original 500% figure outdated. US sanctions bill targets Russian energy buyers The legislation was

A bulk carrier suffered major hull damage and began taking on water after colliding with another vessel near Iran’s Qeshm Island on July 14, 2026. Iranian media reported that emergency teams safely rescued all 23 foreign crew members. Initial reports indicated that the accident was a maritime collision and not a military attack. Strait of Hormuz cargo ship collision The incident occurred north of Qeshm Island

The disruption around the Strait of Hormuz has created sharply different outcomes across the global oil market. Saudi Arabia and Oman have benefited from higher prices and alternative export access, while Iraq, Kuwait and other Gulf producers remain constrained by geography. Refiners and non-Gulf exporters have also gained from changing crude and fuel prices. Saudi Route Creates an Export Advantage Saudi Arabia

India will host the fifth BIMSTEC security meeting in New Delhi on July 16, bringing national security chiefs and advisers together to discuss counter-terrorism, intelligence sharing, maritime security, cyber threats and stronger regional coordination. BIMSTEC Security Meeting in New Delhi India is set to host the fifth meeting of BIMSTEC National Security Chiefs and Advisers in New Delhi on Thursday, July 16,

The US House has approved a permanent daylight saving time proposal that could end seasonal clock changes across most of the country. The Sunshine Protection Act passed with bipartisan support, but it must still clear the Senate before reaching President Donald Trump’s desk. House DST vote delivers bipartisan approval The House of Representatives passed H.R. 139, known as the Sunshine Protection Act, by a 308

US National Held Near Nepal Border With Chinese Passport A man claiming to be a United States citizen has been arrested near the India-Nepal border in Uttar Pradesh after allegedly attempting to cross into Nepal through an unauthorised route without valid travel documents. Police identified him as Jordan Brown and said a Chinese passport, electronic devices, Nepalese currency and other belongings were recovered from his