Economy

Bangladesh raised power imports from India by 70% and expanded oil-fired output to meet demand as gas shortages disrupted domestic generation.

Larry Ellison briefly overtook Elon Musk as the world’s richest person after Oracle’s $89B earnings boost, but Musk reclaimed the crown by day’s end.

President Trump expressed optimism about U.S.-India trade talks, calling Modi a “very good friend” and predicting a successful conclusion to ongoing negotiations.

Bank of America expects investment banking fees to rise 10–15% in Q3, fueled by global dealmaking momentum, AI enthusiasm, and strong consumer spending.

EU’s top sanctions envoy meets U.S. officials in Washington to discuss the first coordinated sanctions on Russia as Trump signals readiness for tougher action.