Ukraine has stepped up drone attacks on Russia’s energy infrastructure, doubling the number of oil refineries targeted since the start of the year. Major plants in Kirishi in western Russia, Nizhny Novgorod on the Volga river and Perm in the Urals mountains have been among those hit. In late March, drone strikes on the Baltic...Read More

Brussels, 19 May 2026 Today, the European Commission adopted the Fertiliser Action Plan: an initiative to support farmers facing rising fertiliser costs and scarcity, reinforce domestic production and reduce Europe’s dependency on imports. The Plan will directly help to ensure food security and reinforce Europe’s strategic autonomy, while pursuing high climate and environmental goals. Recent...Read More

India’s soymeal exports are set to halve in the current year to a four-year ​low after prices surged 47 per cent over the past month, eroding the ‌competitiveness of Indian animal feed against South American supplies, ​industry officials told Reuters. The drop in Indian exports ⁠is likely to help suppliers in South and North America...Read More

India may need to allow a gradual weakening of the rupee along with tighter curbs on imports and overseas money outflows to manage rising pressure on the economy, economists from ICICI Bank and Kotak Mahindra Bank said. Speaking to CNBC-TV18, Upasna Bhardwaj, Chief Economist at Kotak Mahindra Bank said, “Rupee should be allowed to weaken,...Read More

Buyers at the coloured gemstone exhibition in Jaipur Jaipur: With exports to Dubai and the US facing strong headwinds, and the sector finding itself at the crossroads after gold import restrictions and high prices, the colour gemstones industry is looking for opportunities in lightweight jewellery and domestic demand.Amid the broader challenges facing the sector, representatives...Read More