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Americans are already paying more for candy. Could El Niño make chocolate even costlier this Christmas, Valentine’s Day, and Easter?
Meteorologists warn that El Niño is expected to drastically impact cocoa production in Ivory Coast, the leading cocoa producer globally. Anticipated shifts in rainfall and temperature could lead to a potential reduction in cocoa yields by up to 25%. This disruption threatens the supply chains for chocolate, likely raising prices for consumers in the U.S., particularly during festive seasons, given the crucial role cocoa plays in the Ivorian economy.
In a first since Covid, Diwali flight numbers fall as high fares, disruptions take a toll
Airlines scheduled about 6% fewer flights across October and November than a year earlier, according to data from aviation analytics firm Cirium. That marks the first capacity decline since 2020, when carriers slashed service capacity by nearly 45% amid the pandemic-induced collapse in travel demand.
Middle East oil price war heralds post-conflict glut: Bousso
The Strait of Hormuz has become a bustling corridor for Middle Eastern oil, with exports rising sharply since September. However, the ongoing constraints in demand and refining capacity alongside dwindling global crude inventories mean that producers are slashing prices to lure in buyers within a fiercely competitive arena. Analysts foresee a possible surplus driven by increased output from Gulf nations, and a stable peace could exacerbate market dynamics.
Planning a wedding? Hidden costs that can derail your budget and drain your savings
Vendor fine print, last-minute guests and family pressure can push your wedding bill way above the initial budget. Here’s how to spot the hidden costs before they hit you. You could also maintain a dedicated savings account or have one person oversee expenses to track payments for every function and ceremony, especially if various family members are doing the spending.
Inside Rs 77,000 cr plan rewiring India’s tech DNA forever
The initiative is already delivering results, with 38 facilities in active production plugging domestic gaps and 16 units progressing through machinery setup. Small and medium enterprises drive half of these ventures.
Voters demanded economic relief. Trump and Democrats face tough choices on how to deliver
Voters have conveyed a clear message about the necessity of addressing inflation and economic issues. Both parties are preparing to respond to the economic challenges revealed by recent election outcomes. The Federal Reserve may gain independence to curtail inflation as Trump and Democrats grapple for control. Efforts to secure Social Security funding are urgent as benefits become jeopardized after 2032.
Environmental groups embrace AI, even as they warn of data center impacts
Environmental organisations are increasingly leveraging artificial intelligence to enhance conservation efforts and analyze ecological data. Many express concerns about the environmental impact caused by data centers that support AI technologies. The energy and water consumption of these centers is projected to double by 2030, raising emissions concerns.
VinFast VF MPV 7 seven-seater price slashed by Rs 4 lakh; here's how much buyers will now have to pay
VinFast India recently announced a price reduction for the VF MPV 7 electric vehicle. The price has been lowered from Rs 24.49 lakh to Rs 20.39 lakh. This seven-seater MPV features a 60.13kWh battery pack and provides a range of 517km. Additionally, the vehicle includes numerous safety features such as airbags and electronic stability control. Customers can now find the updated pricing on VinFast's official website.
Prices of premium Scotch set to fall in Delhi after customs duty cut on British spirits
Prices for premium Scotch whiskies in Delhi are expected to decline shortly due to changes in customs duty. The reduction in import duty follows the Comprehensive Economic and Trade Agreement between India and the UK. Initially, the duty on British spirits will decrease from 150 to 75 percent, further dropping to 40 percent over the next ten years.
Canva layoffs severance package: From six months’ salary, $10,000 grants to MacBooks, here’s what company has promised affected employees following a 22% workforce reduction
Canva layoff news: Canva Group has announced plans to lay off approximately 1,271 employees as part of a major restructuring effort. The company aims to consolidate its teams to enhance operational efficiency and clarify ownership. Employees affected by the layoffs will receive a generous severance package, which includes financial support for their future endeavors. Canva will require some staff to relocate to Sydney, where product teams will be centralized.
US Midterm Elections 2026: Democrat Mark Warner wins reelection to Senate from Virginia
Democratic incumbent Mark Warner won a fourth term in the US Senate, defeating Republican Bert Mizusawa, a retired Army major general and Afghanistan war veteran. The Associated Press called the race for Warner at 7 pm EST on Tuesday.
Apple Inc's revenue hits all-time India high in September quarter
Apple Inc achieved significant revenue growth in India during the September quarter, driven by rising demand. The company's sales of iPhones, Mac computers, and services reached record levels across various markets. Initial sales of the newly launched iPhone 18 Pro series in India exceeded those of the previous model by nearly 20%.
US stock futures rise as AI stocks catch their breath; midterms in focus
In the US, stock futures surged as investors prepare for the upcoming midterm elections and await earnings announcements. Major tech players, such as Alphabet and SpaceX, enjoyed premarket boosts. Estee Lauder's optimistic sales and profit outlook added to market enthusiasm. However, caution prevails as investors weigh the potential consequences of congressional control post-elections. Additionally, falling oil prices eased worries over supply issues in the Middle East.
Why is India's probe of Scotch imports from Britain rattling liquor majors?
India's investigation into bulk Scotch whisky imports has triggered the first major trade dispute under the India-UK free trade agreement. The government argues bulk Scotch does not qualify for reduced import tariffs, potentially restoring duties to 150% from 75%. The dispute threatens a $65 billion global whisky market, putting Diageo, Pernod Ricard and Indian liquor makers at odds with customs officials.
IGL partners with Delhi Division of Railways for commercial PNG supply
Indraprastha Gas Limited has signed a Memorandum of Understanding with Northern Railway for gas supply. The agreement covers the supply of Commercial Piped Natural Gas to 22 designated railway locations. These locations include laundries, rest houses, and base kitchens in Delhi and surrounding areas. Initial consumption is estimated at 3,000 Standard Cubic Metres per Day, replacing LPG and diesel usage.
Indian-American-led firm gets US nod for $8.2 billion LNG port off Texas coast
ST LNG has received approval to build a deepwater liquefied natural gas port off Matagorda, Texas, costing USD 8.2 billion. Construction is expected to commence in 2027 and the port will be operational by 2029. The project is anticipated to have a total export capacity of 8.4 million tonnes of LNG annually. It will also create approximately 2,000 construction jobs and up to 855 permanent positions.
OpenAI cuts funding target by $10 billion: FT
AI startup OpenAI has slashed the target for its latest funding round by $10 billion and is now seeking to raise $20 billion at a $1.25 trillion valuation, the Financial Times
Asian Paints shares see target price cuts by Jefferies, Goldman Sachs, other brokerages after Q2 results. Buy, sell or hold?
Asian Paints has reported a year-on-year profit growth of 7% for the second quarter of FY 2027. Revenue surged by around 17%, although expenses climbed by 19%, underscoring the challenges posed by inflation. Despite brokerages adjusting their target prices, the company declared an interim dividend of Rs 5.75 per share and hinted at upcoming price hikes.
Handset, TV makers set to slash production on festive sales shock
Smartphone and television makers are cutting production by up to 20% after a weak festive season left retailers with excess inventory and unit sales down sharply year-on-year. Surging memory-chip costs have pushed up device prices, hurting demand particularly in entry- and mid-range segments and forcing brands to scale back output over the next few months.
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