Italy working to restore freedom of navigation in Hormuz, Meloni says

April 9, 2026 4:15 PM

Italy working to restore freedom of navigation in Hormuz, Meloni says

Italian Prime Minister Giorgia Meloni said on Thursday that restoring freedom of navigation in the Strait of Hormuz was of vital interest for her country and the European Union, as she pledged to work with partners to achieve that aim. Following U.S.- Israeli attacks, Iran restricted traffic through the Strait to pressure its enemies, in a move that drove up energy prices as around a fifth of the world's oil and gas pass through the narrow waterway. As part of its proposals to end the war, Teh...

RBI retains India’s GDP growth forecast at 6.5% for FY 2025-26

August 6, 2025 12:32 PM

RBI retains India’s GDP growth forecast at 6.5% for FY 2025-26

The Reserve Bank of India (RBI) on Wednesday retained its GDP growth forecast for India at 6.5% for the financial year 2025-26, citing robust rural demand supported by a favourable monsoon and continued government expenditure on large-scale infrastructure projects. RBI Governor Sanjay Malhotra said, “The above-normal southwest monsoon, lower inflation, rising capacity utilisation, and favourable financial conditions continue to support domestic economic activity. Supportive monetary, regulato...