The Reserve Bank of India RBI has stepped up short-term liquidity support for the banking system after surplus cash conditions tightened sharply and pushed the weekly average call rate higher to 5.70 percent. Outflows related to Goods and Services Tax payments, higher cash reserve requirements and seasonal factors reduced the system surplus to around Rs … Read more
The Bank of England has directed a formal review of Revolut’s processes for approving new financial products, focusing on the risks associated with the rapid pace at which the fintech launches offerings. The Prudential Regulation Authority issued a section 166 order earlier this year, requiring the company to appoint independent experts to examine its internal … Read more
The world energy market stands at a breaking point today, June 1, 2026, as the ongoing conflict involving the United States, Israel, and Iran continues to strangle oil flows through the Strait of Hormuz, the single most important energy chokepoint on the planet. According to the latest data from the U.S. Energy Information Administration (EIA), … Read more
Innovationtimes.org | Breaking News | May 26, 2026 | Space Technology | China | Science China accelerated its ambitions for space dominance on Sunday night when the Shenzhou 23 crewed spacecraft blasted off from the Jiuquan Satellite Launch Center in northwestern China, carrying three astronauts to the Tiangong space station and including one crew member … Read more
Published: Thursday, May 21, 2026 | Breaking News The closure of the Strait of Hormuz, the narrow waterway through which roughly 20 percent of the world’s traded oil normally flows, is no longer a theoretical worst-case scenario. It is today’s reality, and the economic consequences are accelerating with every week the conflict in the region … Read more
Global energy market is in crisis mode this Sunday as the effective closure of the Strait of Hormuz — one of the world’s most critical oil shipping lanes — drives Brent crude prices to their highest levels since June 2022. The international oil benchmark now trades at over $117 per barrel, according to the latest … Read more
Sunday, May 10, 2026 | By Innovation Times World Desk The world watched in stunned silence this weekend as crude oil prices surged past $108 per barrel, marking one of the most severe energy shocks in modern history, as the Strait of Hormuz remains effectively sealed to international shipping for the 71st consecutive day. The … Read more
The global energy market is in freefall. Oil prices remain volatile and dangerously elevated as the United States and Iran continue exchanging fire in the Strait of Hormuz, the world’s most critical energy corridor, in a conflict that has sent shockwaves through every oil-dependent economy from Lagos to London and from Tokyo to Toronto. As … Read more
Published: May 6, 2026 | By Innovation Times World Desk The world’s most critical oil artery remains a flashpoint for catastrophe. Brent crude futures swung wildly on Tuesday, dropping nearly 4% to settle around $109.87 per barrel before bouncing back on fresh military exchanges, as the United States and Iran traded shots in the Strait … Read more
Published: Tuesday, May 5, 2026 | Breaking News Oil markets are in turmoil this Tuesday, May 5, 2026, as Brent crude surged to $114.44 a barrel following renewed violence in the Strait of Hormuz, the narrow waterway through which roughly 20 percent of the world’s seaborne oil once flowed freely before the United States and … Read more