February 6, 2026

Stellantis Hits €22bn Charge, Sells Battery Stake after EV Shift Misjudgment

Stellantis will take a €22bn charge and sell its battery joint venture stake after overestimating the electric vehicle market growth. The carmaker cancels the Ram 1500 electric truck and pauses dividends in 2026 amid market challenges.

February 6, 2026

India Extends OALP-X Bidding Deadline to May 29, 2026 for Largest Oil and Gas Acreage

The Indian Government extended the deadline for bids under OALP-X by three months to May 29, 2026. 25 blocks across 191,986 sq km are on offer for oil and gas exploration, the largest acreage ever. This is the fourth extension, aiming to give investors more time to study new rules.

February 6, 2026

US Healthcare Crisis Grows as Millions Struggle with Mounting Medical Bills and Insurance Gaps

Millions of Americans face crippling medical debt and soaring insurance costs amid a complicated healthcare system. Despite calls for reform, political divides stall solutions.

February 6, 2026

ED Arrests Ex-Resolution Professional Arvind Kumar in ₹236 Crore Richa Industries Fraud Case

The Enforcement Directorate has arrested Arvind Kumar, former Resolution Professional of Richa Industries, for allegedly diverting funds and benefiting from ₹236 crore bank fraud. He is in eight-day custody as the probe continues.

February 6, 2026

Cutting Property Tax Breaks May Boost Home Ownership, Not Lower Prices Much

Slashing tax breaks for property investors might not reduce house prices significantly but could increase home ownership by 3%, say economists and experts. The richest Australians gain the most from current capital gains tax cuts, prompting calls for reform.