European shares rise amid earnings flurry
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rose on Tuesday, with a slate of earnings and data on watch while investor sentiment improved on hopes of the Federal Reserve cutting interest rates in its September policy meeting.
The pan-European STOXX 600
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edged up 0.4%, as of 0710 GMT, with most regional bourses also trading in the green.
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S.T.A.L.K.E.R. 2: How a Ukrainian Studio Turned 'The Zone' into a Global Cultural Brand
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Global
markets
were positive after odds for a Fed September rate cut rose to almost 94%, according to CME Fedwatch, following a soft U.S. nonfarm payrolls data last week.
Meanwhile, earnings continued in full swing, with Fresnillo ranking among top gainers, jumping 6.3% after the miner reported positive first-half results.
Smith+Nephew led gains, jumping 12% after the British medical products maker posted a 11.2% jump in first-half profit and announced a new $500 million share buyback for the remainder of the year.
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Diageo gained 5.6% after the world's biggest spirits maker forecasted 2026 sales growth to be similar to this year, and increased its cost-savings target.
Hugo Boss was up 3% after cost-cutting measures led to the German fashion brand reporting a better-than-expected operating profit for the quarter.
BP added 1.4% after the oil giant said it would review assets and costs in order to improve profitability with second-quarter profit beating expectations.
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Hindustan Times
11 minutes ago
- Hindustan Times
Tech to play major role in India's future progress: Ram Madhav
Senior RSS leader Ram Madhav has stressed the importance of technology and innovation for India to become a global power by 2047 and asserted that the type of nationalism unleashed by US President Donald Trump is here to stay and will be a new normal. Senior RSS functionary Ram Madhav (Centre) during the launch of his book in Lucknow on August 5. (HT photo) The RSS functionary was in the state capital on Tuesday evening for the launch of his latest book 'The New World: 21st-Century Global Order and India'. In this book, Madhav focuses on the changing world order, concerns of the global community, challenges posed by demographic and climate change. He has also listed out India's emerging role in the evolving balance of power within the global system. Prof MP Gupta, director, IIM Lucknow, unveiled the book. Addressing a gathering on the occasion, Madhav said: 'Artificial intelligence (AI) is crossing all boundaries today. Technology is overtaking the existence of humans. It will play a major role in the overall development and progress of a nation.' 'However, are we catching up with the technology,' Madhav asked the audience as he stressed the need for more research and development work. Further emphasising the importance of technology, he also talked about the recent India-Pakistan conflict. 'In this war, soldiers from both the sides never saw one another. The entire war was driven by technology,' the RSS leader said. Stressing the importance of R&D, he said: 'For India to become a Vishwa Guru, we need more R&D. However, carrying it out is not the sole responsibility of the government. We need to work on the ground. The R&D is the need of the hour.' 'No doubt the Centre is doing a lot to promote R&D, but the government alone cannot do everything. Companies must also come forward and contribute in the research work,' Madhav added. He also commented on companies having market capitalisation of several lakh crores but their expenditure on R&D was only few thousand crores. Commenting on the trade tariff imposed by the US President Donald Trump on India, the RSS leader pointed out that Trump's form of nationalism was here to stay and would increase in future. Talking about Trump's slogan MAGA (Make America Great Again), Madhav said: 'Now, every country will try to protect its interests first. India has to be ready for this change.' To drive home this point, he also pointed out that some European countries rejected European Union's directives to take immigrants as refugees. On the occasion, the RSS leader also applauded chief minister Yogi Adityanath's decision to carry out large scale upgradation of Industrial Training Institutes (ITI) across the state by roping in the industry giant Tata.
India.com
11 minutes ago
- India.com
Can A Country Survive Without America? These Nations Already Already Do Without U.S. Ties
New Delhi: The global order has long revolved around the United States. Its economic weight, military power and diplomatic reach have shaped how countries operate. But a handful of nations have taken a different path. They have either walked away from Washington or never entered the room. And despite years of pressure, sanctions and isolation, they continue to function. Among them, Iran stands out. For decades, Tehran has maintained one of the most antagonistic relationships with Washington. The rift deepened after the Islamic Revolution of 1979, which led to sweeping sanctions that strangled its economy. But Iran did not collapse. Instead, it shifted its focus inward, developed its oil and gas sector and invested in domestic industries. It strengthened ties with countries like Russia, China and Turkey to keep its economy running. In 2024, U.S. President Donald Trump intensified tariff threats against several countries. India found itself on Washington's radar. He accused New Delhi of buying large quantities of crude oil from Russia and selling it in global markets at a profit. He announced a 25% tariff on Indian trade and lashed out on Truth Social, claiming New Delhi had no concern for the war in Ukraine. India issued a strong rebuttal. Responding to the threat, the Ministry of External Affairs (MEA) made it clear that India would act in its national interest. MEA spokesperson Randhir Jaiswal explained that India had to turn to Russian oil because European suppliers had redirected their energy exports in the aftermath of the Ukraine conflict. At that time, Washington had supported India's decision. 'This is not a matter of choice. It was a response to the global market's limitations,' he said and pointed out the irony that countries that continue to criticise India are themselves engaged in trade with Russia, even when they face no strategic compulsion to do so. This debate has brought up a question: can a nation survive without engaging with the United States? Are there countries that have built an economic and political existence independent of American support? There are. Iran, Cuba, North Korea and Venezuela have managed to chart out such paths. Their experiences are far from smooth. Each of them has faced significant hardships. Still, they have not collapsed under pressure. Instead, they have sought out new alliances, developed local industries and found ways to adapt. After decades of sanctions, Iran signed a 25-year strategic agreement with China. The deal covers Chinese investments in Iran and steady oil purchases. Tehran also expanded military and economic ties with Moscow. Its domestic defence and technology sectors have grown despite external isolation. Its missile and drone programmes are homegrown. The country's education and healthcare systems, while strained, continue to function. Cuba has followed its own model. Since the 1960s, it has faced stringent U.S. sanctions. After embracing communism under Fidel Castro, the country was cut off from American trade. But it built a healthcare system that earned global praise. Cuban doctors and vaccines have been exported to countries across Latin America and Africa. Its tourism and biotechnology have brought in revenue. Partnerships with Russia, Venezuela and other regional allies have helped it remain afloat. North Korea offers a different case. There are no direct economic ties between Pyongyang and Washington. The two countries remain adversaries. Under Kim Jong Un, North Korea has prioritised its nuclear weapons programme and missile development. It has relied heavily on China for energy, food and essential supplies. Russia has also provided limited support. Despite economic difficulties, North Korea has continued to function under its rigid political system. Venezuela, too, has faced American sanctions, especially targetting its oil exports. But Caracas responded by strengthening its ties with Iran, China and Russia. It used its vast oil reserves as leverage, exchanging energy for investment and support. Each of these countries has followed a different model. Some turned to authoritarianism, while others leaned on regional alliances. But all have demonstrated that an economic existence without the United States, while difficult, is not impossible. These examples do not suggest that global engagement with Washington lacks value. The United States remains the world's largest economy and a central force in international diplomacy. But these nations show that with the right strategies, strong internal planning and alternative partnerships, survival outside the American orbit is not only possible, but it is already happening.
Time of India
26 minutes ago
- Time of India
Chennai adds 135 e-buses, focuses on IT corridor
Chennai: Nearly a month after launching 120 electric buses from Vyasarpadi depot, Chennai will to roll out 135 more e-buses, including 55 air-conditioned, from Aug 11. The new fleet will operate across 13 routes from the newly upgraded Perumbakkam depot, and will begin covering OMR. Key routes include Siruseri to Airport (MAA 2), CMBT to Kilambakkam (570), Broadway to Kelambakkam (102), T Nagar to Thiruporur (19), Thiruvanmiyur to Kilambakkam (95X), and Kilambakkam to Sholinganallur (555S). "This fleet meets the demands of IT corridor commuters, which the Vyasarpadi fleet did not," said MTC GM (operations) S Nedunsezhian. This is Chennai's first batch of AC e-buses. Non-AC e-buses will follow the deluxe fare, and AC buses will use the regular AC fare, said MTC MD T Prabhushankar. MTC plans to add 170 more AC e-buses. The buses were set up by OHM Global Mobility (an Ashok Leyland subsidiary) for 233.75crore. Each 12m bus has 39 seats, four CCTV cameras, wheelchair ramps, reserved seats for the elderly and disabled, stop-request buttons, and a kneeling function lowered to 250mm. GPS-connected systems provide LED-based stop alerts. You Can Also Check: Chennai AQI | Weather in Chennai | Bank Holidays in Chennai | Public Holidays in Chennai Perumbakkam depot, upgraded at a cost 49.56crore, can simultaneously charge 32 buses, each capable of running for 200km on two hours of charge. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bo Derek's Probably The Most Gorgeous 68-Year-Old. Paperela Undo These features are identical to those at the Vyasarpadi depot. OHM will operate the buses and appoint drivers, while MTC will pay OHM per kilometre of service. "This model helps us manage tech and environmental risks and addresses our driver shortage," Nedunsezhian added. While the Vyasarpadi fleet has three women drivers and 17 female conductors, Perumbakkam is expected to onboard more women once training is complete, said an OHM spokesperson. Vyasarpadi and Perumbakkam are part of MTC's first phase of 625 electric buses, costing 697crore. In Phase 1, more buses will go to Central (145), Tondiarpet 1 (100), and Poonamallee (125) by Feb 2026. Phase 2 will add 800 more buses across the city.
