India's manufacturing sector now faces a crisis due to China's latest rare earth export curbs. Restrictions on components with rare earth magnets will significantly impact automotive, electronics, and machinery firms. Industry leaders warn of widespread disruption.
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Afghanistan has withdrawn from a tri-nation series with Pakistan and Sri Lanka after three local cricketers were killed in an attack. The Afghanistan Cricket Board identified the victims and stated the attack was carried out by the Pakistani regime. The decision to withdraw is a gesture of respect to the victims.
NBA figures Chauncey Billups and Terry Rozier were arrested in New York for alleged involvement in schemes to rig sports bets and poker games. Prosecutors claim millions were defrauded through cheating and insider NBA information, with connections to Mafia families. Both athletes face money laundering and wire fraud conspiracy charges.
Russia is pushing its new Superapp, MAX, for all citizens. This app aims to combine daily digital tasks into one platform. MAX is being heavily advertised and will be pre-installed on new devices. This move comes as Russia restricts foreign apps like WhatsApp and Telegram, citing security concerns. MAX is part of Russia's plan for a 'sovereign internet'.
Blackstone is set to acquire nearly 10% stake in Federal Bank for Rs 6,196.5 crore, pending shareholder and regulatory approvals. This significant deal highlights a trend of Indian lenders attracting substantial private capital, fueling debate on the RBI's stance towards foreign strategic ownership in the banking sector.
Pakistan's public debt surged to $286.832 billion by June 2025, a nearly 13% increase from the previous year, pushing the debt-to-GDP ratio to 70%. This rise is attributed to lower-than-expected GDP growth and subdued inflation. Despite these challenges, the economy shows signs of recovery with IMF support and improved external reserves.
In a disturbing incident in Bhind district, authorities have detained three suspects accused of kidnapping and violently attacking a Dalit driver hailing from Gwalior. The individual revealed harrowing details of physical abuse, being coerced to consume alcohol, and even being forced to ingest urine before being left deserted.
Sushant Singh Rajput’s family has rejected the CBI closure report, calling it an “eyewash.” The CBI found no evidence of wrongdoing by Rhea Chakraborty. The family’s lawyer criticized the report’s lack of supporting documents and plans to file a protest. The Patna court will hear the case on December 20.
A Bengaluru dermatologist, Dr. Praveen, has been arrested and remanded in judicial custody following a sexual harassment accusation by a 21-year-old patient. The woman alleges the doctor made inappropriate advances and forced her to undress during a private consultation. Protests erupted outside the clinic after the incident. Police have registered a case under the Bharatiya Nyaya Sanhita.
Rohit Sharma silenced critics with an outstanding ODI series against Australia, scoring 202 runs at an average of 101 and earning Player of the Series. His childhood coach revealed Sharma's ambition to play until the 2027 World Cup, showcasing his enduring self-belief and contribution to the team.
Gold and silver have reached unprecedented levels. Investors are flocking to safe havens amid worries about US credit and escalating US-China friction. Federal Reserve rate cut expectations are also fueling this rally. Silver has surpassed its 1980 record. Palladium and platinum have also seen significant gains this week.