economic prospects

India's second-largest shareholder, the Asian Infrastructure Investment Bank (AIIB), has launched a $10 billion fund to aid member nations grappling with the Middle East conflict's economic fallout. This facility offers crucial support for energy and food security, alongside economic resilience, through fast-disbursing aid and liquidity for affected countries and businesses.

A CFA Institute survey reveals strong career confidence among Indian graduates, with 93% believing they have the skills needed for success. However, 74% fear AI and automation may make job searches harder, while 81% feel prepared to use AI tools at work. Finance remains the top career choice, alongside IT. The study highlights rising importance of certifications, soft skills, internships, and global exposure, with most graduates still planning to return to India for employment.

Prime Minister Modi's five-nation tour secured nearly $40 billion in investment, with over 50 global firms pledging fresh capital and expansion. Key sectors like semiconductors, defence, and energy saw significant commitments. India elevated ties with the UAE, Netherlands, Sweden, and Italy, fostering strategic partnerships and boosting economic cooperation.

Oil prices surged Friday amid lingering uncertainty over US-Iran peace talks and ongoing concerns about supply disruptions via the Strait of Hormuz. Despite recent gains, benchmarks are set for a weekly dip. While gaps in negotiations have narrowed, any toll system in the Strait is deemed unacceptable.

Samsung Electronics has averted an 18-day semiconductor strike by reaching a tentative deal with unions, promising employees average bonuses of around $338,000. This profit-linked system, tied to long-term targets, comes as AI demand boosts chip profits. However, a shareholder group plans legal action, deeming the agreement requires their consent.

The US under Trump is intensifying pressure on Cuba, drawing comparisons to its Venezuela policy. However, experts believe Cuba's complex political structure and disciplined security apparatus make it a far riskier and potentially costlier challenge for Washington than Venezuela.

IIIT Delhi has announced the M.Tech admission 2026 merit list and Round 1 seat allotment for Computer Science and Engineering, Electronics and Communication Engineering, and Computational Biology. Candidates can check their status on the official website. Important dates for subsequent rounds, document verification, and the commencement of the academic session are also provided. This information is crucial for aspiring M.

A bold overhaul of higher education aims to align degrees with emerging industries, transforming classrooms into pathways for jobs and nation-building

On this day in 1935, NFL team owner Bert Bell, co-owner of the struggling Philadelphia Eagles, helped reshape professional football by proposing a system that allowed weaker teams first access to top college talent. Designed to prevent wealthy clubs from dominating player recruitment, the idea became the foundation of the modern NFL Draft, now one of American sport’s most influential and widely followed annual events.

Gulf allies UAE, Saudi Arabia, and Qatar urged President Trump to pursue diplomacy with Iran, fearing renewed conflict would destabilize regional economies. Leaders argued military action wouldn't achieve US objectives, reflecting a shift for the UAE after recent hostilities. All three nations remain wary of further escalation.

A remarkable $1 billion donation has made Albert Einstein College of Medicine tuition-free for all students, a historic first for U.S. medical schools. This generous gift, from long-time supporter Ruth Gottesman, aims to alleviate student debt and invest in the Bronx community. The move is expected to attract diverse talent and reshape the future of medical education.

Falling exchange rate can curb imports more effectively than austerity measures. Don't intervene in forex market