In a stunning turn of events, the global precious metals market witnessed a staggering $2 trillion wipeout, a rare occurrence that has rattled financial markets. This unprecedented crash occurred in just hours, disrupting the long-held belief that metals like gold and silver serve as ultimate safe-havens, especially during times of crisis. What makes this even more perplexing is that the meltdown happened amid an escalating war, with oil prices still elevated and investors seeking refuge in c

​The ongoing reshuffle among Formula One team leadership took a significant turn on Friday, March 20, as Audi confirmed the departure of team principal Jonathan Wheatley. The move has intensified speculation across the paddock, particularly regarding potential changes at Aston Martin, where uncertainty around senior roles continues to generate discussion. Wheatley, regarded as a key figure in Audi’s Formula One project, leaves at a crucial phase as the team continues preparations for its full entry into the sport. His exit has immediately drawn attention due to growing reports linking him with a possible leadership position at Aston Martin. These developments come amid ongoing rumours surrounding the future of Adrian Newey, one of the most influential technical minds in Formula One. While speculation suggests Newey could be set to leave Aston Martin, the team moved quickly to reaffirm its commitment, issuing a statement backing the veteran designer. The timing of Wheatley’s departure, however, has led to further conjecture about whether a leadership restructuring could still be on the horizon. Industry observers note that leadership changes often precede broader strategic shifts within teams, particularly as Formula One enters a new regulatory and competitive phase. Wheatley’s experience and track record make him a strong candidate for senior roles, adding weight to reports linking him with Aston Martin. Despite the rumours, no official confirmation has been made regarding any move to Aston Martin. For now, both teams remain focused on their respective objectives, with Audi continuing its long-term build-up and Aston Martin aiming to maintain stability amid external speculation. As the Formula One season progresses, attention will remain firmly on leadership developments, with Wheatley’s next move likely to influence the competitive landscape in the months ahead.

The Indian Rupee rebounded from its all-time low on Tuesday morning, rising by 7 paise to 92.14 against the US Dollar in early trade. This recovery follows a sharp fall in global oil prices, spurred by comments from US President Donald Trump regarding the potential end of the ongoing conflict with Iran. Additionally, a weaker US Dollar and a strong opening in the domestic equity markets further supported the local currency, although Foreign Institutional Investors (FII) outflows limited signi

​Rising global gold prices and attractive discounts in Dubai have prompted many Indian travellers to consider purchasing the precious metal in the United Arab Emirates and bringing it home. With gold prices touching nearly Rs 1,60,000 per 10 grams in India, Dubai’s relatively lower prices have increased interest among buyers seeking a better deal. However, Indian authorities have clear rules governing how much gold passengers can carry into the country and what taxes may apply. Under the

Global crude oil prices have surged past $110 per barrel as escalating tensions in the Gulf region shake energy markets worldwide. The sharp increase has triggered concerns about potential supply disruptions, particularly through the Strait of Hormuz, one of the most critical oil transit routes globally. The sudden spike represents the biggest jump in crude prices since 2020 and has raised fears about its possible ripple effects on economies that depend heavily on imported oil. Desp

The New York Red Bulls are preparing for the start of the new Major League Soccer season with more than just action on the field. Fans attending matches at Sports Illustrated Stadium in Harrison will also see an expanded stadium food menu designed to enhance the overall game day experience. Chef Maj Parvez, who oversees culinary operations at the venue, recently introduced several new menu items ahead of the team’s home opener. During a preview inside the stadium, Parvez showcased

OpenAI has announced the launch of GPT-5.4, a new foundation model designed to support complex professional work across a range of industries. The company describes the system as its most capable and efficient frontier model to date, highlighting improvements in performance, reasoning ability and adaptability for real-world applications. The new model arrives as artificial intelligence continues to play a growing role in professional workflows. According to OpenAI, GPT-5.4 is intended to assist users with tasks that require advanced knowledge processing, including software development, financial analysis, research and technical problem solving. The company says the model has been optimized to handle demanding workloads while maintaining efficiency and accuracy. GPT-5.4 has been released in three separate variants, each tailored to different use cases. The standard version is designed to provide balanced performance across a wide range of tasks. A specialized reasoning model, known as GPT-5.4 Thinking, focuses on deeper analytical capabilities and structured problem solving. Meanwhile, GPT-5.4 Pro has been developed as a high-performance version intended for more intensive professional environments that require greater speed and computational power. The launch reflects a broader shift within the artificial intelligence sector as technology companies increasingly build AI systems specifically aimed at professional and enterprise applications. Developers and organizations are adopting advanced AI models to streamline coding processes, improve data analysis and accelerate research workflows. Industry observers note that the development of more specialized AI models could significantly influence how businesses integrate machine learning tools into everyday operations. As companies continue to explore the potential of generative AI and large language models, systems such as GPT-5.4 are expected to play a central role in shaping the next phase of AI-driven productivity and innovation.

Gold and silver prices surged sharply on Monday as rising tensions between Iran and the US rattled global markets. As the geopolitical crisis escalated, investors flocked to safe-haven assets, resulting in a significant spike in bullion prices on the Multi Commodity Exchange (MCX). By 11:45 AM, MCX Gold had risen by Rs 5,497, trading at Rs 1,67,601, while MCX Silver climbed by Rs 9,806, reaching Rs 2,92,450. The sudden surge in precious metal prices reflects growing concerns over geopolitical

More than a dozen locally owned restaurants in Columbus, Ohio, are offering special discounts to diners as part of the annual Columbus Independents Weeks event, which runs from March 2 through March 14. The promotion is organized by Columbus Independents, an association representing independent restaurants that aims to encourage residents and visitors to support local food businesses while enjoying limited-time dining deals across the city. During the event, participating restaurant

City officials in Fremont, California, announced that DoorDash will begin rolling out its autonomous delivery robots in the city as part of a phased program expected to expand over the coming months. The initiative will introduce small robotic delivery units designed to operate safely on sidewalks, bike lanes, and neighborhood streets while completing short-distance food and package deliveries. The project marks another step in the growth of robot delivery and urban mobility technology in Cal

The Sunset Night Market is set to return to San Francisco on Friday, marking its comeback after a year-long hiatus and bringing renewed energy to the Outer Sunset neighborhood. The highly anticipated event will once again transform Irving Street into a vibrant hub of activity, spanning multiple blocks from 20th Avenue to 25th Avenue. Organizers say this year’s reopening is especially significant as it coincides with Lunar New Year celebrations, adding a festive cultural dimension to the eve

In a major development, Netflix has officially pulled out of the bidding war for Warner Bros. This comes months after the two companies announced a potential multi-million dollar deal. Netflix cited that the deal was no longer financially viable, especially after Paramount Skydance made a revised and higher bid. As a result, Paramount now has a clear path to acquire the iconic studio, ending a long period of drama and negotiations between the two streaming giants. The announcement c

Pop Mart, the globally recognized designer toy retailer known for drawing long lines of collectors, has officially opened a new location at Westfield Old Orchard Mall in Skokie, Illinois. The debut marks the company’s sixth store in the state and reflects the brand’s continued retail expansion across the Chicago metropolitan area. According to the company’s announcement, the storefront quietly began welcoming customers over the weekend. The new shop is situated on the north si

Waymo has officially launched its driverless taxi service in Dallas, marking another major step in the company’s nationwide expansion of autonomous ride-hailing. The service is currently available to a limited group of riders who joined the app’s waitlist, with a broader public rollout expected later this year. The move has generated both enthusiasm about the future of transportation and renewed debate about the safety of autonomous vehicles. Company officials said early access

The rich, inviting aroma that greets customers at Dulcinea Panadería Oaxaqueña in downtown San Jose is often enough to draw them in before they even reach the display cases. Inside, visitors are met with an extensive selection of more than 100 varieties of cookies, pastries, breads, and cakes, most prepared fresh each day. The bustling bakery represents years of persistence and reinvention by owner Monse Barrita, whose journey into the food business has been anything but conventional.

Amazon has overtaken Walmart to become the world’s largest company by annual revenue, marking a historic shift in the long-running rivalry between the two retail giants. Walmart reported revenue of $713.2 billion for its most recent fiscal year, narrowly trailing Amazon’s $716.9 billion. The development had been anticipated for months after Amazon first exceeded Walmart in quarterly sales roughly a year ago, signaling a gradual but decisive change in the competitive landscape. W

Trading gold and silver futures on India’s major commodity exchanges has become more affordable after the Multi Commodity Exchange (MCX) and the National Stock Exchange (NSE) removed additional margin requirements that were imposed earlier due to market volatility. This move is expected to make futures trading more accessible, especially for retail traders and smaller investors, as it reduces the amount of upfront capital required to enter these contracts. The decision reflects stabilizing

Gold and silver prices saw a sharp correction on February 17, rattling investors after weeks of strong gains. Gold dropped by Rs 2,561 or 1.65% to Rs 1,52,199, while silver fell by Rs 6,241 or 2.6% to Rs 2,33,650 at the time of writing. The sudden decline comes amid reduced global trading activity and rising volatility in the bullion market. A major reason behind the decline is low participation from key global markets. Chinese markets remain closed from February 15 to February 23 f

Many taxpayers are facing a frustrating wait for their tax refunds as nearly 24 lakh income tax returns (ITRs) for the Assessment Year 2025–26 have been pending for more than 90 days. According to the Minister of State for Finance, Pankaj Chaudhary, as of February 4, 2026, out of 8.79 crore ITRs filed, approximately 24.64 lakh were yet to be processed, leaving millions of individuals waiting for their refunds. The large backlog has triggered concerns, especially for senior citizen

A broad range of American goods, including wines, spirits, dry fruits, technology products and select industrial items, are set to enter the Indian market at zero or reduced import duties under the first phase of a new trade pact between India and the United States. The move is expected to lower retail prices for consumers, expand market access for businesses and strengthen bilateral trade ties between the two economies. Officials from both countries confirmed that they have finalised the framework for the initial phase of a bilateral trade agreement aimed at cutting tariffs and easing barriers that have historically slowed cross-border commerce. The framework will now be converted into a legally binding agreement, with signing expected by mid-March. Duty concessions are likely to come into effect immediately upon implementation, while some reductions will be introduced in stages. Under the arrangement, India will eliminate or reduce tariffs on several categories of US industrial and agricultural goods. These include dried distillers’ grains, red sorghum used for animal feed, soybean oil, fresh and processed fruits, and a variety of tree nuts. Almonds, walnuts, pistachios and certain lentils are among the products that will benefit from lower import duties. Alcoholic beverages such as wine and spirits are also expected to become more competitively priced in the Indian market as tariffs decline. The concessions extend beyond food and farm products. High-end cars and motorcycles, along with aircraft, semiconductor components and specialised machinery, will receive duty benefits. Medical and healthcare products, including select medicines for neurological, cardiac and diabetes treatment, as well as medical devices, diagnostic reagents, pacemakers, imaging equipment, hearing aids and artificial joints, are also covered under the pact. Both sides have agreed to address non-tariff barriers that affect trade flows. India has committed to easing restrictions that have delayed market access for US medical devices and to simplifying import licensing procedures for information and communication technology goods. These products are considered essential for India’s expanding data centres and industrial infrastructure. At the same time, New Delhi said it will adopt a calibrated approach to protect domestic producers, including small and medium enterprises and farmers. Minimum import prices on certain products, such as apples, have been fixed to safeguard local interests. In return, a wide basket of Indian exports will gain duty-free or preferential access to the US market. Spices, tea, coffee, coconut-based products, cashews, fruits such as mangoes, bananas, guavas and pineapples, along with bakery goods, cocoa products, seeds, vegetable planting material and processed foods, are among the items set to attract zero reciprocal tariffs. Officials said the measures could provide a significant boost to India’s agriculture and food processing sectors. Trade experts view the agreement as a step toward deeper economic integration between the two countries, with the potential to diversify supply chains and stimulate two-way investment. By reducing tariff and non-tariff barriers, the pact is expected to increase trade volumes, enhance competitiveness and create new opportunities for exporters and consumers on both sides.