US Secretary of Treasury Scott Bessent has announced an economic pressure campaign against Iran, vowing to target Tehran’s financial interests across the world.

Bessent said on Monday that the US would target all of Iran’s sources of revenue, including oil, with the aim of preventing other countries and companies from doing business with Tehran.

US-Iran tensions: Bessent unveils 'economic D-day sanctions' on Iran

Peru is heading toward a high-stakes presidential run-off election on June 7 after a turbulent first round marked by voting delays and counting irregularities. The disputed process has intensified political tensions in the country, with candidates and observers raising concerns over transparency and election management. As Peru prepares for the decisive second round, voters now face a critical choice that could shape the nation’s economic direction, political stability and public trust in democratic institutions.

Peru Elections: Presidential Race Heads for a Run-Off Amid Allegations of Irregularities

China is emerging as a crucial diplomatic player in the fragile ceasefire between Iran and the United States, reshaping power dynamics in West Asia.
Behind the scenes, China has maintained active communication with multiple regional players, using its strong economic and strategic ties with Iran to push for de-escalation. Analysts suggest Beijing’s influence—combined with mediation channels like Pakistan—helped bring Tehran to the negotiating table.

At the same time, China is calling for the ceasefire to hold and for the reopening of key global trade routes like the Strait of Hormuz, warning of severe economic fallout if tensions escalate again.

However, with Washington dissatisfied with Iran’s latest proposal and military options still on the table, the situation remains highly volatile.

China's Key Role In Iran Ceasefire: Stakes For US Rise Amid West Asia Impasse

The escalating conflict with Iran is casting a shadow over the US job market, as rising oil prices and economic uncertainty begin to bite. Experts warn hiring could slow, with some companies already freezing recruitment. Goldman Sachs estimates the shock could cost around 10,000 jobs per month, while higher fuel costs add pressure on businesses and consumers alike.


Iran War Adds Stress To US Job Market, Hiring Slowdown Likely In Travel & Hospitality Sector

US Job creation started in 2026 on a softer footing than many economists expected. According to the ADP National Employment Report, private employers added far fewer jobs than forecast in January, raising questions about the labour market’s strength and what it could mean ahead of the official jobs numbers.


USA: Soft Hiring Raises Labour Market Questions 

India’s Economic Survey 2025-26 has raised concerns over rising fiscal risks at the state level, highlighting growing debt, widening deficits, and mounting pressure on public finances across several states. The survey stresses the need for fiscal discipline, structural reforms, and improved revenue mobilisation to ensure long-term economic stability.

India’s Economic Survey 2025-26: Rising Fiscal Risks at State Level Explained

Sri Lanka is betting on casinos to fuel its economic recovery. Just three years after its financial collapse, the government wants to raise tourism’s share of GDP from 4 percent last year to 10 percent in the coming years.

Sri Lanka's high-stake economic gamble

Afghanistan's Taliban government has said that it is Keen to join the BRICS economic Forum. The summit of emerging economies that includes Brazil, Russia, India, China and South Africa will meet next month in the southwestern Russian city. Watch to know more.

Afghanistan Looking To Expand Relations

Afghanistan Keen To Join BRICS Forum

Shanghai has been hit by its strongest typhoon since 1949, with typhoon Bebinca slamming into the eastern seaboard. The storm, with maximum sustained winds of 120 Kilometres per hour, made landfall in the Yangtze river delta early Monday. Bloomberg intelligence estimates the economic impact could reach 10 billion yuan.

Economic losses from Typhoon Bebinca could hit 10 billion Yuan

China has been advised to strengthen its measures to protect against global trade sanctions. This recommendation comes as the country faces increasing economic pressure from international trade restrictions. Enhancing protective strategies could help China mitigate the impact of these sanctions on its economy and global trade relationships.

China Advised To Enhance Protection Against Global Trade Sanctions

The price of a gold bar is now a million dollars. This happened for the first time due to increasing metal prices.

The price of a single ounce is now $2,500 on Fridays, marking the record. Now, an average gold bar of 400 ounces has a value of a million dollars.

The price of gold is stated by Bloomberg.

The gold prices have increased up to 20% in a year. The higher gold prices, the increasing value of gold, can be a sign that investors are hoping the Federal Reserve will cut down on its current interest rate soon.

Watch:

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&nbsp;

Lower interest rates make other alternatives attractive to investors, making gold a viable option to invest in, increasing demand and price as per the economic structure.

Gold is considered wealth during difficult times. Central banks and investors see gold as a precious metal in the long term because when interest rates fall, the prices of gold go up, making it more appealing than other bonds.

Central banks, including those in China, are also investing in gold to decrease reliance on US dollars.

Investors see gold as a shield during times of inflation, as its value will never decrease.

Not every gold bar weighs 400 ounces. According to the United States Gold Bureau, gold bars are used to make deals internationally by central banks and bullion dealers.

Why are gold prices going high in India?

At the beginning of April 2024, we witnessed an increase in gold prices as the rising tension in the Middle East portrays geopolitical instability, driving investors to shield their wealth through gold.

The suspension of interest rate cuts in America is making gold an appealing asset to invest in.

(With inputs from agencies)

The price of a gold bar is now a million dollars. This happened for the first time due to increasing metal prices. The price of a single ounce is now $2,500 on Fridays, marking the record.

The price of a gold bar is now a million dollars. This happened for the first time due to increasing metal prices. The price of a single ounce is now $2,500 on Fridays, marking the record. Now, an average gold bar of 400 ounces has a value of a million dollars. The price of gold is stated by Bloomberg. The gold prices have increased up to 20% in a year. The higher gold prices, the increasing value of gold, can be a sign that investors are hoping the Federal Reserve will cut down on its current interest rate soon. Watch: × Lower interest rates make other alternatives attractive to investors, making gold a viable option to invest in, increasing demand and price as per the economic structure. Gold is considered wealth during difficult times. Central banks and investors see gold as a precious metal in the long term because when interest rates fall, the prices of gold go up, making it more appealing than other bonds. Central banks, including those in China, are also investing in gold to decrease reliance on US dollars. Investors see gold as a shield during times of inflation, as its value will never decrease. Not every gold bar weighs 400 ounces. According to the United States Gold Bureau, gold bars are used to make deals internationally by central banks and bullion dealers. Why are gold prices going high in India? At the beginning of April 2024, we witnessed an increase in gold prices as the rising tension in the Middle East portrays geopolitical instability, driving investors to shield their wealth through gold. The suspension of interest rate cuts in America is making gold an appealing asset to invest in. (With inputs from agencies)

A gold bar is worth a million dollars for the first time

The scarcity of cash in Cuba is intensifying the nation's existing crisis characterized by widespread shortages and soaring inflation rates. Citizens already grappling with daily challenges including power outages food and medicine scarcities and fuel deficits now face the addition of burden of prolonged waits outside Banks and ATMs only to find empty cash dispensers. Various factors contribute to this cash crunch including a growing fiscal deficit. Watch in for more details!

Cuba's Economic Hardship, High Inflation: Explained

Russia has threatened to downgrade diplomatic relations with the US And its allies. This comes as Western nations move forward with plans to seize nearly $300 billion in frozen Russian assets. Despite the threats, President Putin maintains a confident stance, claiming the Russian economy is experiencing healthy growth despite external pressures.

Russia warns of economic & political retaliation over asset seizure

Will India hold simultaneous polls at the state & central levels in the future? That's the million-dollar question in the minds of policymakers. Such an exercise will be unprecedented in size and execution. But will it also have a major socio-economic impact? We find out in this report.

India elections 2024 | Simultaneous polls: The economic impact?

India elections 2024 | Report: Higher GDP growth when simultaneous polls were held

The senate is becoming more against President Javier Milei's order, which means it could be overturned when normal sessions start next week. This would mean that his first dose of economic shock therapy would not work as well as planned.

Javier Milei's economic shock therapy in jeopardy

As Germany grapples with economic challenges, Economy Minister Robert Habeck has shed light on the situation, offering a glimpse of hope for the future. Amid difficulties, Habeck highlights the potential for improvement, citing an anticipated rise in private consumption throughout the year.

Germany's economic outlook forecasts moderate growth in 2024

Pakistan's debt crisis is looming high as the latest IMF package will be running out in a month. The elections that were held last week in the South Asian nation gave a grey picture of the political stability aspect. One of the biggest challenges of the newcomer government will be settling the debt crisis which has blown out of proportion. Watch in for more details!

Pakistan: Economic headache for new government

Despite the political theatrics that have been unfolding in Pakistan, we focus on the severe financial setbacks plaguing the economy. Watch in for more details!

Pakistan among worst-hit economies post pandemic

Pakistan's voters are the most pessimistic about the economy in the years leading up to Thursday's election. That is based on a Gallup poll, which also showed Pakistani voters struggle to make ends meet in the face of the highest inflation in Asia. This report is to understand the likely impact of the economic conditions on Pakistan's elections.

Pakistan's economic pessimism hits record

Asia's manufacturing sector had a poor year-end to 2023 as demand for the goods produced in the region was depressed by a weak global economy. According to S&P Global's manufacturing PMI data released on Tuesdays, much of Asia experienced a slowdown in new orders and output as input costs increased.

Asia's manufacturing activity ended 2023 on a weak note

There is no end in sight to China's economic troubles. For the third consecutive month, China's manufacturing activity contracted. This indicates the ongoing pressure from weak domestic and international demand on the economy.

China's factory activity shrinks for third straight month

A look at WION's monthly global economic health check & how Global markets performed in December. Oil fell 7% with Brent crude hovering around $77 per barrel even as Red Sea tensions escalate. Watch the video to know more!

Global economic analysis for market moves in December

Sportswear giant Nike has revised its annual sales forecast downward, citing cautious consumer spending, weaker online business, and increased promotional activities. <o:p></o:p>

According to Reuters, the company plans to implement a $2 billion savings initiative over the next three years, involving measures like supply chain adjustments, management layer reductions, and enhanced automation. <o:p></o:p>

These moves come as Nike faces persistent pressure in its wholesale business due to reduced retailer orders amid fluctuating demand, with online sales impacted and promotions heightened. The announcement led to an 11 per cent drop in Nike's shares.<o:p></o:p>

Nike's finance chief, Matthew Friend, highlighted the challenges, stating, "We are seeing indications of more cautious consumer behaviour around the world." <o:p></o:p>

The company now projects a 1 per cent increase in full fiscal-year revenue, down from its earlier forecast of mid-single-digit percentage growth. Analysts, expecting a 3.8 per cent increase, expressed concerns over the global economic landscape affecting Nike's performance.<o:p></o:p>

The savings plan includes supply chain adjustments, with Nike seeking to cut the supply of certain products. Analyst David Swartz noted, "Nike's talking about reducing the number of products ... perhaps the company feels there are too many products that are not high-margin and not really generating significant sales." <o:p></o:p>

However, Nike emphasized its commitment to innovation, launching new styles like the Sabrina 1, LeBron 21, and Tatum 1 basketball shoes to attract consumers in a challenging market.<o:p></o:p>

While Nike did not specify the product franchises facing supply cuts, the company assured that its iconic lines, including Air Force 1, Dunk, and Court, continue to perform well. The fiscal second quarter's total revenue of $13.39 billion fell slightly short of estimates, but per-share earnings of $1.03 surpassed expectations, benefiting from lower freight costs and inventories. <o:p></o:p>

Nike's shares have seen modest gains this year compared to a significant rally in the S&amp;P 500 index and its rival, Adidas.<o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

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Sportswear giant Nike has revised its annual sales forecast downward, citing cautious consumer spending, weaker online business, and increased promotional activities.

Sportswear giant Nike has revised its annual sales forecast downward, citing cautious consumer spending, weaker online business, and increased promotional activities. According to Reuters, the company plans to implement a $2 billion savings initiative over the next three years, involving measures like supply chain adjustments, management layer reductions, and enhanced automation. These moves come as Nike faces persistent pressure in its wholesale business due to reduced retailer orders amid fluctuating demand, with online sales impacted and promotions heightened. The announcement led to an 11 per cent drop in Nike's shares. Nike's finance chief, Matthew Friend, highlighted the challenges, stating, "We are seeing indications of more cautious consumer behaviour around the world." The company now projects a 1 per cent increase in full fiscal-year revenue, down from its earlier forecast of mid-single-digit percentage growth. Analysts, expecting a 3.8 per cent increase, expressed concerns over the global economic landscape affecting Nike's performance. The savings plan includes supply chain adjustments, with Nike seeking to cut the supply of certain products. Analyst David Swartz noted, "Nike's talking about reducing the number of products ... perhaps the company feels there are too many products that are not high-margin and not really generating significant sales." However, Nike emphasized its commitment to innovation, launching new styles like the Sabrina 1, LeBron 21, and Tatum 1 basketball shoes to attract consumers in a challenging market. While Nike did not specify the product franchises facing supply cuts, the company assured that its iconic lines, including Air Force 1, Dunk, and Court, continue to perform well. The fiscal second quarter's total revenue of $13.39 billion fell slightly short of estimates, but per-share earnings of $1.03 surpassed expectations, benefiting from lower freight costs and inventories. Nike's shares have seen modest gains this year compared to a significant rally in the S&P 500 index and its rival, Adidas. (With inputs from Reuters) WATCH WION LIVE HERE

Nike cuts sales outlook and unveils $2 bn savings plan amid global economic uncertainty

Argentina libertarian economist Javier Milei was sworn in as president on Sunday in a sharp swerve for the South American country as it seeks a radical fix for the worst economic crisis in decades and inflation rapidly heading towards 200%.

Milei, 53, a former TV pundit who shot to fame with expletive-ridden tirades against rivals, China, and the pope, took the presidential sash from outgoing Peronist Alberto Fernandez in a packed Congress with crowds gathered outside.

The wild-haired outsider marks a major gamble for Argentina: his shock therapy economic plan of sharp spending cuts has gone down well with investors and could stabilize the embattled economy, but it risks pushing more people into hardship with over two-fifths already in poverty.

Also Read |&nbsp;<a href="https://www.wionews.com/world/egyptians-head-to-polls-in-elections-held-amid-israel-hamas-war-with-sisi-likely-to-win-668254">Egyptians cast votes in elections held amid Israel-Hamas war with Sisi almost sure to win</a>

However, voters - who drove Milei to victory in a November run-off against a ruling Peronist coalition candidate - said they were willing to roll the dice on his sometimes radical ideas that include shutting the central bank and dollarizing.

"He is the last hope we have left," said 72-year-old doctor Marcelo Altamira, who slammed "useless and inept" governments for years of boom-bust economic crises. The outgoing Peronist government, he said, "had destroyed the country".

The challenges are huge. Argentina's net foreign currency reserves are estimated at $10 billion in the red, annual inflation is 143% and rising, a recession is around the corner and capital controls skew the exchange rate.

Argentina has gone through boom-bust cycles for decades with money printing to fund regular deficits stoking inflation and weakening the peso. That has worsened in recent years as reserves have dwindled with a major drought earlier this year hitting main cash crops soy and corn.

The major grains exporter needs to revamp a creaking $44 billion loan program with the International Monetary Fund (IMF), while Milei needs to navigate ties with important trade partners China and Brazil, whom he criticized during the campaign.

Also Read |&nbsp;<a href="https://www.wionews.com/technology/conspiracy-theorist-alex-jones-account-reinstated-on-x-after-being-banned-for-nearly-five-years-668232">Conspiracy theorist Alex Jones' account reinstated on X after being banned for nearly five years</a>

Milei will take over from unpopular outgoing center-left President Fernandez, but will need to negotiate with rivals as his libertarian coalition only has a small bloc in Congress. He has allied with the main conservative grouping.

That has already had an impact. He has moderated his tone in the last few weeks, packed his first Cabinet with mainstream conservatives rather than ideological libertarian allies, and put more radical ideas like dollarization onto the back burner.

That has helped buoy the markets and reassure voters.

Watch |&nbsp;<a href="https://www.wionews.com/videos/us-47-support-donald-trump-over-joe-biden-668265">US: 47% support Donald Trump over Joe Biden</a>

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"I think he will do well. For legal and Congressional reasons he'll end up having to focus on more coherent things," said Laura Soto, 35, a restaurant employee in Buenos Aires.

She said some more radical social ideas he had talked about during the campaign were also unlikely to happen, including easing regulation on guns and reopening the debate on abortion, which was legalized in Argentina three years ago.

<h2>'Change was necessary'</h2>

To fix the economic mess, Milei has chosen mainstream conservative Luis Caputo to helm the economy ministry, with a close Caputo ally Santiago Bausili as the central bank chief.

Milei is expected to lay out his vision in a speech on Sunday, with a more detailed economic plan likely on Tuesday or Wednesday, sources from his team told Reuters.

The ceremony's guests included Ukrainian President Volodymyr Zelenskiy, Hungarian Prime Minister Viktor Orban and a U.S. delegation.

Right wing former Brazilian leader Jair Bolsonaro also attended, as well as Uruguay's conservative leader Luis Lacalle Pou. Chile's leftist President Gabriel Boric was also present but leftists Luiz Inácio Lula da Silva of Brazil and Mexican Andrés Manuel López Obrador were some of the major absences.

Attentive to the popular support that has driven his rise, Milei is expected to speak to his supporters outside Congress, instead of doing so to lawmakers inside as is customary.

"He gives us something, the people, not the politicians," said retiree Vilma Bonino, 73. "Now we need to see what happens."

In a sign of challenges ahead, state energy firm YPF hiked petrol pump prices this week by an average 25%, with analysts and markets anticipating a sharp devaluation of the over-valued peso currency shortly after Milei takes office.

"Things aren't in good shape currently and it seems to me that a change was necessary," said 22-year-old student Delfina Ortiz as she took a photo in front on Congress.

"Obviously, like all change, there is a lot of hope and expectation for what is to come. Hopefully it will be good."

Argentina libertarian economist Javier Milei was sworn in as president on Sunday in a sharp swerve for the South American country as it seeks a radical fix for the worst economic crisis in decades and inflation rapidly heading towards 200%.

Argentina libertarian economist Javier Milei was sworn in as president on Sunday in a sharp swerve for the South American country as it seeks a radical fix for the worst economic crisis in decades and inflation rapidly heading towards 200%. Milei, 53, a former TV pundit who shot to fame with expletive-ridden tirades against rivals, China, and the pope, took the presidential sash from outgoing Peronist Alberto Fernandez in a packed Congress with crowds gathered outside. The wild-haired outsider marks a major gamble for Argentina: his shock therapy economic plan of sharp spending cuts has gone down well with investors and could stabilize the embattled economy, but it risks pushing more people into hardship with over two-fifths already in poverty. Also Read | Egyptians cast votes in elections held amid Israel-Hamas war with Sisi almost sure to win However, voters - who drove Milei to victory in a November run-off against a ruling Peronist coalition candidate - said they were willing to roll the dice on his sometimes radical ideas that include shutting the central bank and dollarizing. "He is the last hope we have left," said 72-year-old doctor Marcelo Altamira, who slammed "useless and inept" governments for years of boom-bust economic crises. The outgoing Peronist government, he said, "had destroyed the country". The challenges are huge. Argentina's net foreign currency reserves are estimated at $10 billion in the red, annual inflation is 143% and rising, a recession is around the corner and capital controls skew the exchange rate. Argentina has gone through boom-bust cycles for decades with money printing to fund regular deficits stoking inflation and weakening the peso. That has worsened in recent years as reserves have dwindled with a major drought earlier this year hitting main cash crops soy and corn. The major grains exporter needs to revamp a creaking $44 billion loan program with the International Monetary Fund (IMF), while Milei needs to navigate ties with important trade partners China and Brazil, whom he criticized during the campaign. Also Read | Conspiracy theorist Alex Jones' account reinstated on X after being banned for nearly five years Milei will take over from unpopular outgoing center-left President Fernandez, but will need to negotiate with rivals as his libertarian coalition only has a small bloc in Congress. He has allied with the main conservative grouping. That has already had an impact. He has moderated his tone in the last few weeks, packed his first Cabinet with mainstream conservatives rather than ideological libertarian allies, and put more radical ideas like dollarization onto the back burner. That has helped buoy the markets and reassure voters. Watch | US: 47% support Donald Trump over Joe Biden × "I think he will do well. For legal and Congressional reasons he'll end up having to focus on more coherent things," said Laura Soto, 35, a restaurant employee in Buenos Aires. She said some more radical social ideas he had talked about during the campaign were also unlikely to happen, including easing regulation on guns and reopening the debate on abortion, which was legalized in Argentina three years ago. 'Change was necessary' To fix the economic mess, Milei has chosen mainstream conservative Luis Caputo to helm the economy ministry, with a close Caputo ally Santiago Bausili as the central bank chief. Milei is expected to lay out his vision in a speech on Sunday, with a more detailed economic plan likely on Tuesday or Wednesday, sources from his team told Reuters. The ceremony's guests included Ukrainian President Volodymyr Zelenskiy, Hungarian Prime Minister Viktor Orban and a U.S. delegation. Right wing former Brazilian leader Jair Bolsonaro also attended, as well as Uruguay's conservative leader Luis Lacalle Pou. Chile's leftist President Gabriel Boric was also present but leftists Luiz Inácio Lula da Silva of Brazil and Mexican Andrés Manuel López Obrador were some of the major absences. Attentive to the popular support that has driven his rise, Milei is expected to speak to his supporters outside Congress, instead of doing so to lawmakers inside as is customary. "He gives us something, the people, not the politicians," said retiree Vilma Bonino, 73. "Now we need to see what happens." In a sign of challenges ahead, state energy firm YPF hiked petrol pump prices this week by an average 25%, with analysts and markets anticipating a sharp devaluation of the over-valued peso currency shortly after Milei takes office. "Things aren't in good shape currently and it seems to me that a change was necessary," said 22-year-old student Delfina Ortiz as she took a photo in front on Congress. "Obviously, like all change, there is a lot of hope and expectation for what is to come. Hopefully it will be good."

Argentine libertarian Milei takes presidency with economic crisis in focus

India's consumer market is sending mixed signals after Diwali. The demand for gold has lost momentum. Local gold prices hit a record high of $753 dollars per 10 grams this week, rising over 11% in two months. After a few good days of sales after Diwali, rising prices have brought the market to a standstill.

Gold hits a record high of $753 dollars per 10 grams

Bahrain&nbsp;on Thursday (Nov 2)&nbsp;recalled its ambassador to&nbsp;Israel&nbsp;and cut all economic ties with the country, according to a statement on the website of Bahrain’s lower house of parliament.

The move comes amid Israel's relentless&nbsp;war in Gaza.

“The House of Representatives confirms that the Israeli ambassador to the kingdom of Bahrain has left Bahrain, and the kingdom of Bahrain has decided to recall the Bahraini ambassador from Israel to the country. Economic relations with Israel have also been halted,” the parliament statement said.

“The parliament affirms that the continuation of war and military operations and the continuing Israeli escalation in light of the lack of respect for international humanitarian law prompt it to demand more decisions and measures that preserve the lives of innocent people and civilians in Gaza and all Palestinian areas," it added.

A source cited by The National confirmed that the statement was accurate.

No official confirmation to cut&nbsp;diplomatic ties has been announced by Bahrain's government.

Bahrain formally established ties with Israel in 2020 as part of the Abrahamic Accords. Foreign Minister Abdullatif bin Rashid Al Zayani, in a meeting with Palestinian President Mahmoud Abbas on Monday (Oct 30) in Ramallah, conveyed a message of “solidarity and support”.

He urged Israel to implement an immediate ceasefire in Gaza.

<a href="https://www.wionews.com/world/gaza-a-graveyard-where-parenthood-is-a-curse-israel-hamas-war-claims-lives-of-400-children-every-day-654341">Also read |&nbsp;Gaza a 'graveyard' where parenthood is a 'curse': Israel-Hamas war claims lives of 400+ children every day</a>

<h2>Jordan withdraws diplomat</h2>

On Wednesday (Nov 1), Jordan had recalled its diplomat from Israel.

Amman has said it made the move in protest of Jerusalem’s bombardment of Gaza and the subsequent humanitarian crisis.

The diplomat would only return to Tel Aviv if Israel halted its war on Gaza&nbsp;and ended “the humanitarian crisis it has caused,” foreign minister Ayman Safadi said.

Jordan shares its&nbsp;border with the Israel-occupied West Bank as well as Saudi Arabia.

When Israel first came into existence on May 14, 1948, it came under attack from several nations, including Jordan.

Jordan, in 1994, became the second Arab nation to sign a peace deal with Israel, after Egypt did so at the historic Camp David accords.

Also watch |&nbsp;Joe Biden interrupted by a rabbi demanding a ceasefire in Gaza during campaign event

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<h2>What is Israel's reaction?</h2>

Israel said it regretted the Jordanian government’s decision, saying it was focused on waging a war against the militant Hamas group after their surprise attack on October 7.

US Secretary of State Antony Blinken is set to visit Israel and Jordan on Friday (Nov. 3)—his second trip to the region since the war first began.

Blinken's visit will not only solidify the US' support for Israel but also ensure a steady flow of humanitarian aid to Palestinians in Gaza.

(With inputs from agencies)

Disclaimer: WION takes utmost care to accurately and responsibly report ongoing developments on the Israel-Palestine conflict after the Hamas attacks. However, we cannot independently verify the authenticity of all statements, photos and videos.

&nbsp;

&nbsp;

Bahrain on Thursday (Nov 2) recalled its ambassador to Israel and cut all economic ties with the country, according to a statement on the website of Bahrain’s lower house of parliament.

Bahrain on Thursday (Nov 2) recalled its ambassador to Israel and cut all economic ties with the country, according to a statement on the website of Bahrain’s lower house of parliament. The move comes amid Israel's relentless war in Gaza. “The House of Representatives confirms that the Israeli ambassador to the kingdom of Bahrain has left Bahrain, and the kingdom of Bahrain has decided to recall the Bahraini ambassador from Israel to the country. Economic relations with Israel have also been halted,” the parliament statement said. “The parliament affirms that the continuation of war and military operations and the continuing Israeli escalation in light of the lack of respect for international humanitarian law prompt it to demand more decisions and measures that preserve the lives of innocent people and civilians in Gaza and all Palestinian areas," it added. A source cited by The National confirmed that the statement was accurate. No official confirmation to cut diplomatic ties has been announced by Bahrain's government. Bahrain formally established ties with Israel in 2020 as part of the Abrahamic Accords. Foreign Minister Abdullatif bin Rashid Al Zayani, in a meeting with Palestinian President Mahmoud Abbas on Monday (Oct 30) in Ramallah, conveyed a message of “solidarity and support”. He urged Israel to implement an immediate ceasefire in Gaza. Also read | Gaza a 'graveyard' where parenthood is a 'curse': Israel-Hamas war claims lives of 400+ children every day Jordan withdraws diplomat On Wednesday (Nov 1), Jordan had recalled its diplomat from Israel. Amman has said it made the move in protest of Jerusalem’s bombardment of Gaza and the subsequent humanitarian crisis. The diplomat would only return to Tel Aviv if Israel halted its war on Gaza and ended “the humanitarian crisis it has caused,” foreign minister Ayman Safadi said. Jordan shares its border with the Israel-occupied West Bank as well as Saudi Arabia. When Israel first came into existence on May 14, 1948, it came under attack from several nations, including Jordan. Jordan, in 1994, became the second Arab nation to sign a peace deal with Israel, after Egypt did so at the historic Camp David accords. Also watch | Joe Biden interrupted by a rabbi demanding a ceasefire in Gaza during campaign event What is Israel's reaction? Israel said it regretted the Jordanian government’s decision, saying it was focused on waging a war against the militant Hamas group after their surprise attack on October 7. US Secretary of State Antony Blinken is set to visit Israel and Jordan on Friday (Nov. 3)—his second trip to the region since the war first began. Blinken's visit will not only solidify the US' support for Israel but also ensure a steady flow of humanitarian aid to Palestinians in Gaza. (With inputs from agencies) Disclaimer: WION takes utmost care to accurately and responsibly report ongoing developments on the Israel-Palestine conflict after the Hamas attacks. However, we cannot independently verify the authenticity of all statements, photos and videos.

After Jordan, Bahrain recalls ambassador to Israel, cuts economic ties

Pakistan’s gold demand fell 11% to 11.6 tonne during the third quarter of 2023 from 13 tonne in the year-ago period, while Sri Lanka’s gold demand rose substantially to 2.4 tonne from 0.3 tonne.

Global gold demand drops 6% in Q3; India, China demand up

India's prominent blue-chip stocks faced a decline for the sixth consecutive session, as escalating selling pressure, coupled with heightened U.S. Treasury yields and apprehensions regarding the Middle East conflict, weighed on market sentiment. &nbsp;

According to a Reuters report, the NSE (National Stock Exchange) Nifty 50 index settled 1.39 per cent lower at 18,857.25, marking its first close below the 19,000 mark since June 28. The S&amp;P BSE (Bombay Stock Exchange) Sensex experienced a 1.41 per cent drop, concluding at 63,148.15. Over the past six sessions, these benchmarks have collectively lost nearly 5 per cent of their value, driving the Nifty into oversold territory for the first time in 16 months.&nbsp;

Only four of the Nifty 50 stocks managed to advance. The entire spectrum of 13 major sectoral indexes recorded losses, with high-weightage sectors like banks and IT shedding 1.29 per cent and 1 per cent respectively. A significant portion of the IT sector's decline was attributed to Tech Mahindra, which experienced a substantial 2.34 per cent fall following its largest profit decline in over 16 years. Adani Enterprises also lost 2.38 per cent amid reports that India's accounting regulator had initiated an investigation into one of the Adani group's auditors.&nbsp;

The small-cap and mid-cap segments, which had been outperforming their larger counterparts in recent times, were not immune to the market turmoil. These segments experienced losses of 0.34 per cent and 1.16 per cent respectively. The regional impact was evident, with the MSCI Asia ex-Japan index shedding 1.25 per cent. India's volatility index rose by 3.69 per cent to reach 11.73 at the close, marking its highest level in over three weeks.&nbsp;

Avinash Gorakshakar, the Head of Research at Profitmart Securities, told Reuters, "Domestic equities have been under pressure over the past two weeks because of worries that if the (West Asia) conflict continued for a long time, it would have adverse repercussions for the global economy and markets." He further added that "elevated U.S. treasury yields could trigger an extended period of foreign outflows."&nbsp;

The downward trajectory extended to individual stock performances. Asian Paints and McDonald's franchisee Westlife Foodworld dropped by 3.28 per cent and 1.81 per cent respectively after failing to meet profit estimates for the second quarter. However, private lender Axis Bank managed to gain 1.74 per cent following a positive outcome in the September quarter, driven by strong loan growth.&nbsp;

(With inputs from Reuters)&nbsp;

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India's prominent blue-chip stocks faced a decline for the sixth consecutive session, as escalating selling pressure, coupled with heightened U.S. Treasury yields and apprehensions regarding the Middle East conflict, weighed on market sentiment.

India's prominent blue-chip stocks faced a decline for the sixth consecutive session, as escalating selling pressure, coupled with heightened U.S. Treasury yields and apprehensions regarding the Middle East conflict, weighed on market sentiment. According to a Reuters report, the NSE (National Stock Exchange) Nifty 50 index settled 1.39 per cent lower at 18,857.25, marking its first close below the 19,000 mark since June 28. The S&P BSE (Bombay Stock Exchange) Sensex experienced a 1.41 per cent drop, concluding at 63,148.15. Over the past six sessions, these benchmarks have collectively lost nearly 5 per cent of their value, driving the Nifty into oversold territory for the first time in 16 months. Only four of the Nifty 50 stocks managed to advance. The entire spectrum of 13 major sectoral indexes recorded losses, with high-weightage sectors like banks and IT shedding 1.29 per cent and 1 per cent respectively. A significant portion of the IT sector's decline was attributed to Tech Mahindra, which experienced a substantial 2.34 per cent fall following its largest profit decline in over 16 years. Adani Enterprises also lost 2.38 per cent amid reports that India's accounting regulator had initiated an investigation into one of the Adani group's auditors. The small-cap and mid-cap segments, which had been outperforming their larger counterparts in recent times, were not immune to the market turmoil. These segments experienced losses of 0.34 per cent and 1.16 per cent respectively. The regional impact was evident, with the MSCI Asia ex-Japan index shedding 1.25 per cent. India's volatility index rose by 3.69 per cent to reach 11.73 at the close, marking its highest level in over three weeks. Avinash Gorakshakar, the Head of Research at Profitmart Securities, told Reuters, "Domestic equities have been under pressure over the past two weeks because of worries that if the (West Asia) conflict continued for a long time, it would have adverse repercussions for the global economy and markets." He further added that "elevated U.S. treasury yields could trigger an extended period of foreign outflows." The downward trajectory extended to individual stock performances. Asian Paints and McDonald's franchisee Westlife Foodworld dropped by 3.28 per cent and 1.81 per cent respectively after failing to meet profit estimates for the second quarter. However, private lender Axis Bank managed to gain 1.74 per cent following a positive outcome in the September quarter, driven by strong loan growth. (With inputs from Reuters) WATCH WION LIVE HERE

India's blue-chip stocks slide to near four-month lows amid global economic concerns 

A recent Gallup poll has unveiled a shift in public sentiment, with Republicans now holding a substantial lead over Democrats in terms of economic trust, Bloomberg reported. &nbsp;

This development marks the first time in 32 years that Republicans have outpaced Democrats on this crucial issue, with 53 per cent of Americans expressing confidence in the GOP's (Grand Old Party’s) ability to strengthen the economy, while 39 per cent favour Democrats. The 14-point lead showcases a dramatic change since 1991, posing challenges for President Joe Biden's re-election campaign, as concerns over inflation and job security persistently dominate public discourse.&nbsp;

The poll's findings serve as a clear indicator of the hurdles facing President Biden in his quest for a second term. Despite a robust job market and steady economic growth, nearly three-fourths of Americans harbour pessimism about the state of the economy.&nbsp;

President Biden's administration has actively sought to reshape public perception regarding its economic stewardship. Under the banner of "Bidenomics," the administration has emphasised efforts to reduce consumer costs. This includes initiatives such as capping insulin prices for seniors, allowing Medicare to negotiate drug prices, and lowering health-care premiums. Despite these efforts, the impact on public sentiment appears limited.&nbsp;

Historically, Republicans held an advantage in the economic arena during the mid-to-late 1980s. However, they fell behind or were closely matched by Democrats starting in the mid-1990s, reaching a low point during the Great Recession in 2007. Gallup's long-term tracking data reveals that Republicans have consistently received higher ratings than Democrats on economic matters for much of the past decade, except for a brief period in 2020 when GOP leaders in Congress resisted passing additional pandemic relief funding.&nbsp;

The poll also highlights a broader trend of negative sentiment toward both major political parties. A majority of respondents, 56 per cent, expressed unfavourable views of the Republican Party, while 58 per cent held an unfavourable view of the Democratic Party.&nbsp;

Conducted between September 1 and 23, 2023, across all 50 states, the Gallup poll surveyed 1,106 adults. The margin of error for the poll stands at plus or minus four percentage points.&nbsp;

(With inputs from Bloomberg)&nbsp;

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A recent Gallup poll has unveiled a shift in public sentiment, with Republicans now holding a substantial lead over Democrats in terms of economic trust, Bloomberg reported.

A recent Gallup poll has unveiled a shift in public sentiment, with Republicans now holding a substantial lead over Democrats in terms of economic trust, Bloomberg reported. This development marks the first time in 32 years that Republicans have outpaced Democrats on this crucial issue, with 53 per cent of Americans expressing confidence in the GOP's (Grand Old Party’s) ability to strengthen the economy, while 39 per cent favour Democrats. The 14-point lead showcases a dramatic change since 1991, posing challenges for President Joe Biden's re-election campaign, as concerns over inflation and job security persistently dominate public discourse. The poll's findings serve as a clear indicator of the hurdles facing President Biden in his quest for a second term. Despite a robust job market and steady economic growth, nearly three-fourths of Americans harbour pessimism about the state of the economy. President Biden's administration has actively sought to reshape public perception regarding its economic stewardship. Under the banner of "Bidenomics," the administration has emphasised efforts to reduce consumer costs. This includes initiatives such as capping insulin prices for seniors, allowing Medicare to negotiate drug prices, and lowering health-care premiums. Despite these efforts, the impact on public sentiment appears limited. Historically, Republicans held an advantage in the economic arena during the mid-to-late 1980s. However, they fell behind or were closely matched by Democrats starting in the mid-1990s, reaching a low point during the Great Recession in 2007. Gallup's long-term tracking data reveals that Republicans have consistently received higher ratings than Democrats on economic matters for much of the past decade, except for a brief period in 2020 when GOP leaders in Congress resisted passing additional pandemic relief funding. The poll also highlights a broader trend of negative sentiment toward both major political parties. A majority of respondents, 56 per cent, expressed unfavourable views of the Republican Party, while 58 per cent held an unfavourable view of the Democratic Party. Conducted between September 1 and 23, 2023, across all 50 states, the Gallup poll surveyed 1,106 adults. The margin of error for the poll stands at plus or minus four percentage points. (With inputs from Bloomberg) WATCH WION LIVE HERE

Republicans surge ahead of Democrats in economic trust: Gallup poll

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