July 31, 2025

Economist and Lord Meghnad Desai Passes Away at 85

Lord Meghnad Desai, renowned economist and member of the House of Lords, passed away on July 29, 2025, at the age of 85. His life was marked by a relentless pursuit of truth in economics, politics, and academia, influencing generations and fostering India-UK relations.

July 31, 2025

W Health Ventures Launches Second Fund to Transform Healthcare

W Health Ventures, led by Sunil Wadhwani, has announced a second fund seeking $70 million to advance healthcare innovation. The firm aims to build 8-10 companies over the next four years, addressing significant gaps in India's healthcare sector by leveraging technology and local talent.

July 30, 2025

Zuckerberg Accelerates Meta’s AI Ambitions Amid Profit Growth Concerns

Mark Zuckerberg is ramping up Meta's competitive stance in the AI sector, recruiting top talent from rivals like OpenAI while facing pressure from slow profit growth. With aggressive investments and a focus on open-source AI, questions arise about Meta's superintelligence ambitions and how it will adapt to a challenging advertising market.

July 30, 2025

Oil Prices Rise on Positive Trade Deal Developments

Oil prices rose due to optimism about a U.S.-EU trade agreement, a potential U.S.-China tariff truce, and a new deadline set by President Trump for Russia to address the Ukraine conflict. Brent crude futures increased by 0.34%, while West Texas Intermediate rose by 0.33% as market sentiment improved.

July 30, 2025

Euro Weakens After US-EU Trade Agreement

The euro has weakened significantly following a US-EU trade deal viewed unfavorably by European nations, particularly France and Germany. Concerns regarding tariff impacts and economic damage have intensified discussions on monetary policies ahead of key rate decisions from the Federal Reserve and Bank of Japan.