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World Economy and Markets

TREND | 20 Jun 2025, 07:49PM

EU Abandons Proposal To Lower Price Cap On Russian Oil To $45

NDTV Profit

Several EU states argue that a lower oil-price cap can only work if the US supports the measure.

Axis Direct released a Daily Note report for World Economy and Markets on 19 Jun, 2025.

World Economy and Markets

TREND | 20 Jun 2025, 07:16PM

India's doping woes: WADA numbers shows high positivity rate for India

Business Standard

India's doping woes came to the fore once again with the country topping the World Anti-Doping Agency's 2023 testing figures among countries which analysed 5,000 or more samples even as the sports ministry promised an "aggressive clean-up" and an amended Anti-Doping Act after addressing objections from the WADA. India's positivity rate for banned substances stood at 3.8 per cent -- 214 Adverse Analytical Findings (AAF) from 5606 samples. The sample size was significantly higher from 2022 when 3865 tests returned an AAF rate of 3.2 per cent. Of the 5606 tests, 2748 were conducted in-competition. India's positivity rate for banned substances was significantly higher than China (28,197 samples, 0.2 per cent AAF rate), USA (6798 samples, 1.0 per cent AAF rate), France (11,368 samples, 0.9 per cent AAF rate), Germany (15,153 samples, 0.4 per cent AAF rate) and Russia (10,395 samples, 1.0 per cent AAF rate). As compared to India's 214, France, Russia, USA, China and Germany recorded 105,

Axis Direct released a Daily Note report for World Economy and Markets on 19 Jun, 2025.

World Economy and Markets

TREND | 20 Jun 2025, 04:30PM

Accenture beats third-quarter revenue estimates

Economic Times

Accenture beat Wall Street estimates for third-quarter revenue on Friday, driven by growing demand for the consulting giant's AI-driven services from enterprise customers.

Axis Direct released a Daily Note report for World Economy and Markets on 19 Jun, 2025.

World Economy and Markets

TREND | 20 Jun 2025, 03:17PM

Russia boosts seaborne fuel oil exports to India and Turkey in May, data shows

Business Line

Since the European Union's full embargo on Russian oil products went into effect in February 2023, Asian countries have become the main destination for Russia's fuel oil and VGO supplies.

Axis Direct released a Daily Note report for World Economy and Markets on 19 Jun, 2025.

Russia increases seaborne fuel oil exports to India, Turkey in May

Business Standard | 20 Jun 2025, 02:01PM 2 more

World Economy and Markets

TREND | 20 Jun 2025, 02:04PM

Orbn's anti-Ukraine campaign targets rival before Hungary elections

Business Standard

As Hungary heads toward national elections next spring and the populist government's popularity slumps, Prime Minister Viktor Orbn has zeroed in on a central theme he hopes will sway voters: an alleged threat posed by neighbouring Ukraine. While most European Union countries have offered political, financial, and military support to Kyiv since Russia's full-scale invasion in 2022, Hungary under Orbn has charted a starkly different course refusing to supply Ukraine with weapons or allow their transit through Hungarian territory, demanding sanctions relief and rapprochement with Russia, and adopting a combative stance toward both Kyiv and its EU backers. With his ruling Fidesz party slipping in the polls and a new opposition force gaining momentum, Orbn has escalated a sweeping anti-Ukraine campaign presenting the upcoming election as a referendum on peace or war. Going further, he has accused his leading political opponent of entering into a treasonous pact with Kyiv to overthrow hi

Axis Direct released a Daily Note report for World Economy and Markets on 19 Jun, 2025.

World Economy and Markets

TREND | 20 Jun 2025, 01:31PM

Axiscades, Europe's MBDA join hands to set up defence unit Bengaluru

Business Standard

Homegrown Axiscades on Friday said it has signed an agreement with European missile systems major MBDA to set up a defence facility in Karnataka. The pact has been inked through its wholly owned subsidiary Axiscades Aerospace and Technologies to set up the unit at the Aerospace Park near Kempegowda International Airport, Bengaluru, Axiscades Technologies (Axiscades) said in a statement. "The facility will be equipped with test bench laboratories, infrastructure for missile launchers, specialized equipment, and trained technical personnel to support MBDA's advanced systems engineering requirements," it said. The agreement was signed on the sidelines of the ongoing Paris Air Show 2025 in France. In May, Axiscades CEO and MD Alfonso Martinez said, "As we approach FY26, our priority is to capitalise on the opportunities in emerging sectors like manufacturing, MRO, chip-to-product and advanced defence technologies, including unmanned warfare, to bring about non-linear, product-led,...

Axis Direct released a Daily Note report for World Economy and Markets on 19 Jun, 2025.

World Economy and Markets

TREND | 20 Jun 2025, 08:40AM

Zelenskyy seeks more pressure on Russia after deadly missile strike in Kyiv

Business Standard

A Russian missile strike on a nine-story Kyiv apartment building was a sign that more pressure must be applied on Moscow to agree to a ceasefire, Ukrainian President Volodymyr Zelenskyy said Thursday, as Moscow intensifies attacks in the war. The drone and missile attack on Kyiv early Tuesday, the deadliest assault on the capital this year, killed 28 people across the city and wounded 142 others, Kyiv Military Administration head Tymur Tkachenko said. Zelenskyy, along with the head of the presidential office, Andrii Yermak, and Interior Minister Ihor Klymenko, visited the site of the apartment building in Kyiv's Solomianskyi district on Thursday morning, laying flowers and paying tribute to the 23 people who died there after a direct hit by a missile brought down the structure. This attack is a reminder to the world that Russia rejects a ceasefire and chooses killing, Zelenskyy wrote on Telegram, and thanked Ukraine's partners who he said are ready to pressure Russia to feel the rea

Axis Direct released a Daily Note report for World Economy and Markets on 19 Jun, 2025.

Putin, Xi Jinping agree to exchange information on Iran-Israel conflict

Business Standard | 19 Jun 2025, 11:51PM 5 more

World Economy and Markets

TREND | 19 Jun 2025, 11:45PM

India's trade with GCC in focus amid Iran-Israel ongoing conflict

Business Standard

India's trade with West Asia is crucial, considering that apart from Russia, it imports crude oil from Iraq, United Arab Emirates (UAE) and Saudi Arabia

Axis Direct released a Daily Note report for World Economy and Markets on 19 Jun, 2025.

World Economy and Markets

TREND | 19 Jun 2025, 11:19PM

Coffee Board Engaged With Producers To Help Them Comply With EU Deforestation Norms

NDTV Profit

India is the fifth largest exporter of coffee in the world.

Axis Direct released a Daily Note report for World Economy and Markets on 19 Jun, 2025.

Google Suffers Blow In Fight Over EU's 4.1 Billion-Euro Android Fine

NDTV Profit | 19 Jun 2025, 02:26PM 1 more

World Economy and Markets

TREND | 19 Jun 2025, 05:08PM

Bank of England holds interest rates amid inflation and global risks

Business Standard

The FTSE 100 barely reacted, trading 0.2 per cent lower on the day, roughly where it had been prior to the BoE decision, while two-year gilt yields fell to session lows at 3.886 per cent

Axis Direct released a Daily Note report for World Economy and Markets on 19 Jun, 2025.

India is a perpetrator of foreign interference, Canadian intelligence agency says

Business Line | 19 Jun 2025, 09:39AM 3 more