Flipkart has pared its senior leadership ranks over the past two years, reducing the number of senior vice presidents (SVPs) to fewer than a dozen from about 18 earlier, ahead of a planned initial public offering. Budget 2026 Critics' choice rather than crowd-pleaser
The defining moment of Oman's cricketing journey came during their spirited showing against India at the Asia Cup 2025 in Abu Dhabi. Though the Jatinder Singh-led side went down by 21 runs, the performance of the world No. 20 side against the Men in Blue turned heads across the cricketing world
Apple Tax Exemption: Under the new rule, foreign companies can provide machinery to Indian contract manufacturers operating in bonded customs zones without triggering taxes in India. Apple Tax Exemption: In Budget 2026, Finance Minister Nirmala Sitharaman has announced a major policy relief for
Elon Musk's social media platform X was back up after a brief outage affected more than 19,000 U.S. users on Sunday, according to outage tracking website Downdetector.com. The outage lasted about 45 minutes and was largely resolved by 12:04 p.m. ET
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Top central bankers express 'full solidarity' with Fed Chair Powell in clash with Trump
Global central bankers stand with U.S. Federal Reserve Chair Jerome Powell. They issued a statement of solidarity after President Donald Trump threatened criminal charges. Powell is praised for his integrity and commitment to public interest. The independence of central banks is crucial for economic stability. This independence must be preserved with respect for the rule of law.
Eleven central bankers from around the world said Tuesday they "stand in full solidarity" with U.S. Federal Reserve Chair Jerome Powell, after President Donald Trump dramatically escalated his confrontation with the Fed with the Justice Department investigating and threatening criminal charges.
Powell "has served with integrity, focused on his mandate and an unwavering commitment to the public interest," read the statement from central bank heads including European Central Bank President Christine Lagarde and Bank of England Governor Andrew Bailey.
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They added that "the independence of central banks is a cornerstone of price, financial and economic stability in the interest of the citizens that we serve. It is therefore critical to preserve that independence, with full respect for the rule of law and democratic accountability."
The dispute is ostensibly about Powell's testimony to Congress in June over the cost of a massive renovation of Fed buildings. But in a statement Sunday, Powell, abandoning his previous attempt to ignore Trump's relentless criticism, called the administration's threat of criminal charges "pretexts'' in the president's campaign to seize control of U.S. interest rate policy from the Fed's technocrats.
Trump has repeatedly criticized Powell and the Fed for not moving faster to cut rates. Economists warn that a politicized Fed that caves in to the president's demands will damage its credibility as an inflation fighter and likely lead investors to demand higher rates before investing in U.S. Treasurys.
Other signers of the statement were Erik Thedeen, governor of Sweden's central bank; Christian Kettel Thomsen, chair of Denmark's central bank; Swiss National Bank Chair Martin Schlegel; Michele Bullock, governor of the Reserve Bank of Australia; Tiff Macklem, governor of the Bank of Canada; Bank of Korea Governor Chang Yong Rhee; Gabriel Galipolo, governor of the Banco Central do Brasil; Francois Villeroy de Galhau, board chair of the Bank for International Settlements, and Pablo Hernandez de Cos, general manager of the Bank for International Settlements.
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Source: EconomicTimes
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