WION Business Wrap | Italy’s losses from extreme weather, Foxconn’s sales decline & more
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WION's Business Desk brings you this daily round up of global stories from the world of business and economy.
Italy grapples with billions in losses from severe flooding and extreme weather
This year's extreme weather events have devastated Italy, killing crops in certain regions and seriously damaging urban areas. The government is counting the hefty cost of these catastrophes. The top insurance firms are already dealing with claims over €3 billion ($3.2 billion) from floods and hurricanes that affected Emilia Romagna and Veneto earlier this year.
Saudi Arabia’s non-oil business activity surges to four-month high on new orders
According to a recent poll, the non-oil business sector in Saudi Arabia has experienced a strong development trend. The survey also revealed that the Kingdom's economy has been growing for the second consecutive month in October. Seasonally adjusted, the Riyad Bank Saudi Arabia Purchasing Managers' Index increased to 58.4 last month from 57.2 in September, according to Reuters.
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National Handloom Day 2026: From Alia Bhatt to Samantha Ruth Prabhu; Actresses who celebrated India's textile heritage as brides
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The Royals enter the Doctor Who universe: King Charles and Queen Camilla beam into Commonwealth Games in TARDIS
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Unitree Robotics targets $9 billion valuation in landmark IPO backed by DeepSeek and Tencent
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India names 27 sites in Arunachal Pradesh
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Bharat Bhhagya Viddhaata OTT: When will Kangana Ranaut's film stream online?
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How many soldiers operate one S-400 battery?
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Shakib Al Hasan ready to return to Bangladesh—under one condition
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‘Fake news’: MEA rejects report claiming India sought defence pact with Israel after Pakistan, Saudi Arabia, Turkey deal
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Rockstar to unveil GTA 6 extended look ahead of November launch
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Russia forms Ukrainian Volunteer Spetsnaz Brigade to fight Ukraine
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Drug-resistant fungus that hides in hair and enters bloodstream reported in 23 US states
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Technology transfer deal boosts India's defence manufacturing ambitions
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Border row erupts in Europe after Ceuta crossings, Spain imposes border controls on Italy
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Morale plummets on USS Abraham Lincoln: Are US sailors reaching a breaking point? | GRAVITAS
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'Security can't be bought with Pakistan, Turkey deal': Iran tells Saudi Arabia
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Baba Vanga's 2026 prophecy: 2 predictions 'already came true', 3 terrifying ones remain. Details inside
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Colombia’s new president Abelardo de la Espriella vows to ‘defeat narco-terrorists’, signals hardline shift
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New Friday OTT releases (August 7, 2026): Operation Safed Sagar, Vadhandhi, Main Vaapis Aaunga- 6 movies and TV shows on Netflix, Prime Video and more
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Squadron Leader Bhawana Kanth scripts history as Indian Air Force gets its first woman ‘Top Gun’ pilot
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RSS says Gen Z protests reflect genuine distress
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Trump says Iranian school bombing photos could be AI-generated - 'I don’t think...'
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IAF officer held for sharing sensitive information in 'honey trap' case, booked under Official Secrets Act
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Stray Kids under scrutiny? Fans react to Grammy submission silence after BTS boycott
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Why the Su-30MKI doesn't need external fuel tanks to fly vast distances
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Jugal Hansraj reunites with Shekhar Kapur after 40 years for Masoom: The Next Generation
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New speed limits, automatic challans: Big traffic change coming to Delhi-Meerut Expressway. All you need to know
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India officially names 27 places in Arunachal to counter China's renaming claims
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Trump calls White House ballroom ruling a 'national disgrace' as court says Congress approval needed
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US sanctions Iran’s crypto network after Strait of Hormuz attacks, offers $15m bounty for intel on IRGC finance
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Why the Su-30MKI is one of the heaviest fighters ever built
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Uttarakhand young innovator builds India's own flying vehicle, conducts first test flight: WATCH
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Chilling video shows students take cover as teen opens fire at Thai school
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Reese Witherspoon's father hospitalised after poolside incident in Nashville: Report
Saudi Arabia and Russia hold steady on oil production cuts amid West Asia tensions
Even as geopolitical concerns in West Asia continue to upset global oil markets, Saudi Arabia and Russia have reaffirmed their agreement towards maintaining reductions in oil output of more than one million barrels per day until the end of the year.
China faces persistent deflation challenges as economic fragility persists
As 2023 draws to a close, China's ongoing battle against deflationary pressures raises concerns about the stability of its economic recovery. According to a Bloomberg survey of economists, the data, which is expected on Thursday, could indicate that consumer prices in China experienced deflation again in October.
Foxconn sees decline in sales amid Chinese investigation: Report
The largest iPhone assembler in the world, Hon Hai Precision Industry Co. (also known as Foxconn), had a 4.6 per cent drop in revenue in October, which has investors worried about the company's survival in the midst of a Chinese probe.
India extends free food grains program to tackle rising cereal prices: Report
Prime Minister Narendra Modi disclosed on Saturday that India has announced a five-year extension of its free food grains programme in an effort to protect people from the skyrocketing prices of cereals and in anticipation of the forthcoming general election early next year.
China to boost imports and market access despite criticism at Trade Expo
Reaffirming its commitment to opening up its economy, China's Premier, Li Qiang, declared on Sunday at the annual China International Import Expo in Shanghai that the nation will increase imports and further extend market access. Li told Reuters that China hopes to import $17 trillion worth of goods and services over the course of the next five years.
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