Crisil reports Indian airlines' operating profits may drop 10-15% this fiscal due to high ATF prices, airspace restrictions, and rupee depreciation amid the Middle East conflict, despite potential easing in fuel prices.
The SEC's draft 5-year plan (2026-2030) signals a policy shift towards blockchain and digital assets, focusing on regulatory architecture and market modernization rather than enforcement. This change aims to build institutional confidence and facilitate compliant capital formation within a stable legal framework.
The World Bank has reduced its 2026 global growth forecast to 2.5%, citing Middle East conflict, rising energy prices, and market uncertainty. India remains the fastest-growing major economy, projected at 6.6% for FY26-27.
Japan's three largest banks—MUFG, Mizuho, and SMBC—have formed a council to develop operational frameworks for a jointly issued stablecoin, targeting a launch by March 2027. This initiative follows Japan's 2023 stablecoin regulations.
The US Department of Homeland Security has announced that the per-country limit for EB-2 visas for Indian applicants has been reached for FY2026. Embassies and consulates are directed to stop issuing these visas until the new fiscal year begins on October 1, 2026.
Prime Minister Sanae Takaichi announced that the supply of naphtha-derived chemical products will be possible beyond the current fiscal year, with domestic refining and alternative sourcing accelerating. Supply has recovered to 85% of previous levels, and toluene will see 1.8 times the usual supply to resolve bottlenecks in paint and thinner distribution.
DHS announces all EB-2 visas for Indian applicants in FY 2026 are exhausted, with issuance to resume on October 1, 2026, for FY 2027.
Microsoft consumer chief marketing officer Yusuf Mehdi is leaving after 35 years, announcing his departure in an internal memo. He will work through the next fiscal year, ending June 2027, focusing on Windows reimagining, Microsoft 365 growth, and the One Copilot vision.
Pakistan plans to increase its defense budget by PKR 100 billion for the next fiscal year, reaching PKR 2.665 trillion, as part of an IMF-backed reform program. The budget also projects a significant rise in federal revenues and combined government spending.
Cisco CEO Chuck Robbins cites skyrocketing AI demand for a 'networking supercycle', driving shares up 14% after beating AI infrastructure guidance, lifting forecasts to $9B, and announcing a 5% workforce cut to focus on AI, silicon, and optics.
India targets $1 trillion in goods and services exports for the current fiscal year, up from a record $863.11 billion in 2025-26, driven by new Free Trade Agreements (FTAs) and growth despite global uncertainties.
Investors are concerned about Nintendo's outlook of lower Switch 2 sales in the current fiscal year, driven by price rises for the console.
Microsoft has unveiled its first voluntary retirement program, offering eligible US employees a package including five years of healthcare coverage (one fully paid), cash severance up to 39 weeks' pay, and accelerated stock vesting. This initiative aims to reduce headcount ahead of the new fiscal year, following recent layoffs and executive departures.
Microsoft has unveiled its first voluntary retirement program, offering eligible US employees a package including five years of healthcare coverage (one fully paid), cash severance up to 39 weeks' pay, and accelerated stock vesting. This initiative aims to reduce headcount ahead of the new fiscal year, following recent layoffs and executive departures.
The US Navy has requested fiscal 2027 funding for the Joint Laser Weapon System (JLWS), a new Army-Navy collaboration designed to counter cruise missiles as part of the Golden Dome missile defense. The system will start at 150 kilowatts with potential to scale to 300kW+, with the Navy planning nearly $95 million in FY2027 and $676 million total through 2031. The program draws on Lockheed Martin's HELIOS naval laser experience, with contracts expected by March 2027.
Admiral Samuel Paparo appeared before the Senate Armed Services Committee on Apr. 21 for a posture review for the US Indo-Pacific Command ahead of the fiscal year 2027 defense request. Paparo reportedly disclosed that INDOPACOM is running a Bitcoin node and treating the protocol's architecture as operationally relevant for securing networks and projecting power. In […] The post US admiral who blasted crypto is now running a Bitcoin node for America’s security appeared first on CryptoSlate.
Admiral Samuel Paparo appeared before the Senate Armed Services Committee on Apr. 21 for a posture review for the US Indo-Pacific Command ahead of the fiscal year 2027 defense request. Paparo reportedly disclosed that INDOPACOM is running a Bitcoin node and treating the protocol's architecture as operationally relevant for securing networks and projecting power. In […] The post SoftWar begins: US armed forces once blasted crypto now they are running a Bitcoin node for America’s security appeared first on CryptoSlate.
RIYADH: Egypt is targeting gross domestic product growth of 5.4 percent, inflation stabilization, and a primary surplus of 1.2 trillion Egyptian pounds ($22.7 billion) during the 2026/27 fiscal year, a top official revealed.
