JSW Group ’s automotive business is preparing to open a clutch of company-owned showrooms in India ahead of its first vehicle launch later this year, a bid by the conglomerate to to firmly establish the new brand, according to people familiar with the matter. JSW Motors, part of the billionaire Sajjan Jindal -led conglomerate, plans to set up at least four “experience centers” across key Indian ci...
JSW Group ’s automotive business is preparing to open a clutch of company-owned showrooms in India ahead of its first vehicle launch later this year, a bid by the conglomerate to to firmly establish the new brand, according to people familiar with the matter. JSW Motors, part of the billionaire Sajjan Jindal -led conglomerate, plans to set up at least four “experience centers” across key Indian cities including Mumbai, New Delhi and Ahmedabad, before rolling out its debut product in the second half of the year, the people familiar said, asking not to be identified as the discussions are private. The new car will be an upscale plug-in gas-electric hybrid model, they said. “We will start with experience centres, designed as curated spaces for customers to interact with our products, learn about our technology, and connect with” the brand, a spokesperson for JSW Motors said in response to Bloomberg News queries. They added that the company will launch a plug-in hybrid and a range extender vehicle in 2026, followed by a phased expansion of our portfolio across segments and power trains. While JSW has a successful joint venture in India with China’s SAIC Motor Corp. , the steel-to-cement business empire’s foray into cars will be the first new homegrown automotive brand in India in decades. The plans come against a backdrop of a boom in electrified vehicle sales in the world’s third-largest automotive market, as car buyers seek out models with lower emissions and operating costs. That trend has been amplified in recent weeks by an energy shortage resulting from the US-Iran war in the Persian Gulf. JSW is hoping to make a name for itself with the new car brand and showroom push in India’s competitive electric-vehicle market, which is dominated by local heavyweights such as Tata Motors Passenger Vehicles Ltd. and Mahindra & Mahindra Ltd. The country is also seeing newer entrants like Tesla Inc. , which are experimenting with alternative retail formats and direct sales model...
Customers of Ikesu Onsen, a traditional Japanese bathhouse in Tsushima in Aichi prefecture, have had to delay their daily dips due to the Iran war. The sento, or public bathhouse, has been forced to push back its opening time by an hour since late March because of an unstable supply of fuel oil, according to Kyodo. Monthly delivery has been halved from about a tonne, leading the number of customer...
Customers of Ikesu Onsen, a traditional Japanese bathhouse in Tsushima in Aichi prefecture, have had to delay their daily dips due to the Iran war. The sento, or public bathhouse, has been forced to push back its opening time by an hour since late March because of an unstable supply of fuel oil, according to Kyodo. Monthly delivery has been halved from about a tonne, leading the number of customers of the family-run 97-year-old sento to fall to around 10 per day. “It’s a major blow,” its...
Twenty-two Sri Lankan monks returning from Thailand were arrested on Sunday at the main international airport with 110kg (242lbs) of powerful cannabis, officials said. A Sri Lanka Customs spokesman said the group, returning home after a four-day holiday in the Thai capital, had kush – a potent, plant-based strain of cannabis – hidden in their luggage. “Each carried about five kilos of the narcotic...
Twenty-two Sri Lankan monks returning from Thailand were arrested on Sunday at the main international airport with 110kg (242lbs) of powerful cannabis, officials said. A Sri Lanka Customs spokesman said the group, returning home after a four-day holiday in the Thai capital, had kush – a potent, plant-based strain of cannabis – hidden in their luggage. “Each carried about five kilos of the narcotic concealed within false walls in their luggage,” the spokesman said, adding that the monks had been...
There's no denying it. Artificial intelligence has been the hottest topic in recent years. But over the past 12 months, tariffs have attracted investor attention. And Nike (NYSE: NKE) , a business with a global supply chain, has felt the negative effects. What's more, the market has been anything but smooth this year. As geopolitical tensions rose with the start of the Iran war in late February, t...
There's no denying it. Artificial intelligence has been the hottest topic in recent years. But over the past 12 months, tariffs have attracted investor attention. And Nike (NYSE: NKE) , a business with a global supply chain, has felt the negative effects. What's more, the market has been anything but smooth this year. As geopolitical tensions rose with the start of the Iran war in late February, the S&P 500 index dropped 5% in March. Nike shares continue to feel the pain in this uncertain environment, as they are down 30% in 2026 (as of April 24) and significantly off their peak. In the face of tariffs and volatility, is this consumer discretionary stock still a long-term buy? Continue reading
Where Does Eastern Europe Begin And End? Key Takeaways There is no single definition of Eastern Europe. Its borders vary depending on historical, political, and cultural context. Russia, Ukraine, and Belarus are almost always included, forming the region’s “core.” The eastern boundary is widely agreed upon, but the western edge shifts significantly across definitions. The maps below use data from ...
Where Does Eastern Europe Begin And End? Key Takeaways There is no single definition of Eastern Europe. Its borders vary depending on historical, political, and cultural context. Russia, Ukraine, and Belarus are almost always included, forming the region’s “core.” The eastern boundary is widely agreed upon, but the western edge shifts significantly across definitions. The maps below use data from various organizations to highlight interpretations of Eastern Europe’s geographical extent. At a glance, the visualizations - via Visual Capitalist - show a tight core centered on Russia, Ukraine, and Belarus, with boundaries stretching eastward into Russia and stopping along a debated western frontier that cuts through Central Europe. Eastern Europe’s Borders, Defined Below are major groupings from the UN, CIA World Factbook, StAGN (Germany’s committee on geographical names), and The European Correspondent , the creator of the map. A Region Defined by Perspective Unlike continents or countries, Eastern Europe is not a fixed geographic entity. Instead, its definition has evolved over time, shaped by empires, ideology, and institutions. According to various modern definitions , the region can include anywhere from a handful of countries to over a dozen. Historically, the term gained prominence during the Cold War, when it often referred to Soviet-aligned nations . This political framing still influences perceptions today. The Core vs. the Fringe Despite disagreements, some countries are almost always included: 🇷🇺 Russia 🇺🇦 Ukraine 🇧🇾 Belarus These nations form the “core” of Eastern Europe across most academic and institutional definitions. Beyond them, the picture becomes less clear. Countries like Poland, Hungary, and the Czech Republic are sometimes included, but are often classified as Central Europe instead. Research from institutions like the University of Basel highlights how these shifting classifications reflect cultural identity as much as geography. How Far Does It...
Meta Platforms will soon report its Q1 2026 financial results. As the company looks to post its highest growth in years, these are the factors to watch.
Meta Platforms will soon report its Q1 2026 financial results. As the company looks to post its highest growth in years, these are the factors to watch.
格隆汇4月27日｜随着热浪推动制冷设备用电量激增，印度电力需求上周六攀升至历史新高，进一步加剧了中东战争给该国带来的能源压力。根据印度电网调度机构Grid Controller of India数据，电力峰值负荷当日达到256吉瓦，超过周五252吉瓦的此前纪录。这两天的用电水平均已超过2024年的早前纪录。全国各地持续高温促使居民大量开启空调及其他制冷设备，用电量急剧攀升，两日的最高需求均出现在白...
格隆汇4月27日｜随着热浪推动制冷设备用电量激增，印度电力需求上周六攀升至历史新高，进一步加剧了中东战争给该国带来的能源压力。根据印度电网调度机构Grid Controller of India数据，电力峰值负荷当日达到256吉瓦，超过周五252吉瓦的此前纪录。这两天的用电水平均已超过2024年的早前纪录。全国各地持续高温促使居民大量开启空调及其他制冷设备，用电量急剧攀升，两日的最高需求均出现在白天时段。尽管电网运营方未发现周五和周六白天存在供电缺口，但晚间短缺正在上升。数据显示，周五晚间用电高峰出现近4吉瓦的缺口，周六为3.5吉瓦。
Daiwa Securities Group Inc. will buy Orix Corp. ’s banking unit for ¥370 billion ($2.3 billion), its biggest acquisition in more than a decade, as Japan’s second-biggest brokerage deepens its foray into commercial lending. The Tokyo-based firm will finance the purchase of Orix Bank Corp. with its own funds, it said in a statement on Monday. The transaction is expected to close by October. The deal...
Daiwa Securities Group Inc. will buy Orix Corp. ’s banking unit for ¥370 billion ($2.3 billion), its biggest acquisition in more than a decade, as Japan’s second-biggest brokerage deepens its foray into commercial lending. The Tokyo-based firm will finance the purchase of Orix Bank Corp. with its own funds, it said in a statement on Monday. The transaction is expected to close by October. The deal comes two years after Daiwa built a stake in Aozora Bank Ltd. , becoming its biggest shareholder. Lending has become a more attractive business in Japan in recent years as inflation returns to the economy, leading to higher interest rates and loan profitability. The trend has also begun to fuel competition for deposits, which are a relatively cheap form of funding. The securities firm will integrate its Daiwa Next Bank unit with Orix Bank, seeking a “virtuous cycle” of deposit and loan growth, it said. The former has strong deposit-gathering capabilities, while Orix Bank has superior lending and trust functions, it added. “As Japan enters a world with interest rates, offering competitive deposit interest rates has become more important than ever in protecting and enhancing customer asset value,” Daiwa Next Bank President Naoto Shimomura said in a statement. The merger will create an entity with about ¥9 trillion of total assets, which aims to expand deposits by more than ¥2 trillion over the next five years. Daiwa Next Bank hasn’t been able to meet demand for lending and trust-related services, particularly securities-backed loans, real estate-backed loans, and inheritance-related services, the firm said. Meanwhile, Orix Bank has been growing its earnings base, and needs to bolster its expansion and funding stability by acquiring highly sticky deposits, according to the statement. The transaction is “an important strategic initiative,” according to Daiwa’s Chief Executive Officer Akihiko Ogino . The tussle for deposits in a country with a shrinking population has also led ...
全球主要央行本周普遍预计将暂缓旨在抗击通胀的加息行动，因为唐纳德·特朗普（Donald Trump）在社交媒体上的发帖加剧了能源市场的动荡，使政策制定者预测价格增长的能力蒙上阴影。 美联储（US Federal Reserve）、欧洲央行（European Central Bank）、日本央行（Bank of Japan）、加拿大央行（Bank of Canada）和英国央行（Bank of En...
全球主要央行本周普遍预计将暂缓旨在抗击通胀的加息行动，因为唐纳德·特朗普（Donald Trump）在社交媒体上的发帖加剧了能源市场的动荡，使政策制定者预测价格增长的能力蒙上阴影。 美联储（US Federal Reserve）、欧洲央行（European Central Bank）、日本央行（Bank of Japan）、加拿大央行（Bank of Canada）和英国央行（Bank of England）等机构本周将在五年来第二次重大能源价格冲击的阴影下设定利率。 普信集团（T Rowe Price）首席欧洲宏观策略师托马什·维拉德克（Tomasz Wieladek）表示：“鉴于海湾地区局势的不确定性，以及能源冲击将如何传导至经济增 长和 通胀尚不明朗，这些央行目前正确的做法是观望等待。” 海湾地区的战事已将全球各地利率制定者带入一个不确定的领域，因为他们不得不评估地缘政治风险、高度不可预测的大宗商品市场走势，以及这些因素对其通胀目标构成的威胁。 对冲基金Citadel的大宗商品主管塞巴斯蒂安·巴拉克（Sebastian Barrack）上周表示，美国总统在伊朗战争期间的社交媒体发帖已经改变了石油市场的运行方式。交易员们往往疲于应对他频繁发帖和伊朗政权回应所引发的波动。 利率制定者不再聚焦于单一的核心预测，而是更加重视考虑到中东冲突一系列可能结果的情景分析。 笼罩本周会议的是对2021年和2022年上一次通胀大幅飙升的记忆，当时许多央行被指责在抑制价格增长方面行动过慢。 曾在英国央行任职、现就职于欧亚集团（Eurasia Group）的延斯·拉森（Jens Larsen）表示：“对于一个习惯于思考边际定价和劳动力市场演变的央行行长来说，这是一项挑战。” 金融市场目前的定价显示，预计欧洲央行今年将从当前2%的利率水平进行两次加息。 但欧洲央行首席经济学家菲利普·莱恩（Philip Lane）上周明确表示，该机构对仓促作出判断持谨慎态度。他在法兰克福的一次小组讨论中表示：“在我们更清楚地知道这场战争会持续多久之前，很难判断这究竟是一个暂时阶段，还是对欧洲经济要大得多的冲击。” 摩根士丹利 （Morgan Stanley）经济学家延斯·艾森施密特（Jens Eisenschmidt）表示，欧洲央行“最早要到6月，甚至可能更晚，才能首次恰当地评估是否需要采取行动”。 P...