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Stories from earlier this week and beyond.

Tamil Nadu CM orders closure of 717 TASMAC liquor shops near schools temples and bus stops

Tamil Nadu CM orders closure of 717 TASMAC liquor shops near schools temples and bus stops

Tamil Nadu Chief Minister C Joseph Vijay has ordered the shutdown of 717 state-run TASMAC liquor shops located within 500 meters of schools, colleges, religious sites and bus stations. Authorities began a statewide audit after the directive and will implement the closures within two weeks. The move marks his first major policy action since taking office.

Summarised by Beize from a story on Republic on 12 May 2026
Hedge funds surge into Asia tech stocks as Korea Japan Taiwan buying hits decade high

Hedge funds surge into Asia tech stocks as Korea Japan Taiwan buying hits decade high

Global hedge funds are piling into Asian equities with a weekly buying pace not seen in a decade, led by South Korea, Japan, and Taiwan. The rush is concentrated in technology firms, as investors chase exposure to artificial intelligence beneficiaries. Chipmakers across the region appear to be the key drivers, reflecting how money is flowing into Asia’s tech supply chain.

Summarised by Beize from a story on The Economic Times on 12 May 2026

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Trump Rejects Iran Ceasefire Plan Saying It Sits On Life Support

Trump Rejects Iran Ceasefire Plan Saying It Sits On Life Support

US President Donald Trump dismissed Iran’s latest peace proposal, arguing the ceasefire is on “life support.” Speaking from the Oval Office during a maternal healthcare event, he reiterated that Iran has been militarily defeated and claimed any gains made during the ceasefire would be undone quickly. Trump also renewed warnings that Iran cannot be allowed to develop a nuclear weapon.

Summarised by Beize from a story on Republic on 12 May 2026
Modi returns to Norway after 43 years as long term LPG deal takes center stage

Modi returns to Norway after 43 years as long term LPG deal takes center stage

Prime Minister Narendra Modi is set to visit Norway next week for the first time in 43 years by an Indian prime minister to Oslo. The agenda is expected to spotlight a long term LPG energy partnership alongside maritime cooperation, climate action, and broader sustainable development ties between the two countries.

Summarised by Beize from a story on The Economic Times on 12 May 2026
Himanta 2.0 Cabinet Names Revealed Four Ministers Set To Take Oath in Assam

Himanta 2.0 Cabinet Names Revealed Four Ministers Set To Take Oath in Assam

Assam Chief Minister-designate Himanta Biswa Sarma announced the four ministers expected to be inducted into the Himanta 2.0 Cabinet, ahead of the swearing-in in Guwahati on Tuesday, May 12. He also named the candidate for Speaker of the State Legislative Assembly, signaling how the new government will be structured after a BJP landslide.

Summarised by Beize from a story on Republic on 12 May 2026
Trump Dismisses Iran’s Proposal as Garbage as Pakistan’s Role Sparks Reevaluation

Trump Dismisses Iran’s Proposal as Garbage as Pakistan’s Role Sparks Reevaluation

US-Iran tensions escalated as Donald Trump rejected Iran’s latest peace bid, calling it “garbage,” while declaring a ceasefire was on “massive life support.” Reports also claim Pakistan, despite acting as mediator, allowed Iranian military aircraft to park on its airfields and shielded jets from potential US strikes near the Nur Khan base.

Summarised by Beize from a story on Republic on 12 May 2026

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GitLab to cut jobs and rebuild around AI agents as CEO Bill Staples charts a new course

GitLab to cut jobs and rebuild around AI agents as CEO Bill Staples charts a new course

GitLab says it will cut jobs to free resources for AI agents, betting on the “agentic” wave to automate internal workflows and boost efficiency. The plan includes reducing management layers and reorganizing R&D teams to integrate AI agent capabilities. The CEO adds that while some roles may be enhanced with AI, others will be expanded to keep momentum.

Summarised by Beize from a story on The Economic Times on 12 May 2026
PVR Inox joins five Nifty 500 stocks closing sharply below VWAP

PVR Inox joins five Nifty 500 stocks closing sharply below VWAP

On May 11, five Nifty500 stocks, including PVR Inox, finished more than 2% below their VWAP, a level tracked by traders as the average traded price. Closes beneath VWAP typically point to heavier selling than buying through the day, worsening intraday sentiment and hinting at short-term weakness in these counters.

Summarised by Beize from a story on The Economic Times on 12 May 2026
Raise a child in an Indian metro now costs Rs 6 75 crore debate sparks

Raise a child in an Indian metro now costs Rs 6 75 crore debate sparks

Oxford-trained financial advisor Udayan Adhye’s viral claim says raising a child in an Indian metro over 21 years can total about Rs 6.75 crore. He points to education inflation and lifestyle costs, factoring in private schools, coaching, healthcare, and vacations. The estimate varies widely with city and spending choices, but it has ignited fierce debate online.

Summarised by Beize from a story on The Economic Times on 12 May 2026
Rohit and Kohli return as Bumrah likely rests for India vs Afghanistan ODIs

Rohit and Kohli return as Bumrah likely rests for India vs Afghanistan ODIs

India are set to host Afghanistan for a three-match ODI series, with Rohit Sharma and Virat Kohli expected to return to the playing XI. Despite the excitement around the Rohit-Kohli combo, the bigger surprise may be the possible rest for Jasprit Bumrah following an intense IPL campaign, reshaping India’s bowling plan for the series.

Summarised by Beize from a story on Republic on 12 May 2026

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JSW Energy Q4 profit surges 38% on 41% revenue rise sparking investor buzz and dividend hopes

JSW Energy Q4 profit surges 38% on 41% revenue rise sparking investor buzz and dividend hopes

JSW Energy’s March quarter results are drawing fresh investor attention after net profit rose 38% year-on-year to Rs 574 crore and revenue climbed 41%. Power sales volumes increased, with both renewable and thermal generation registering substantial gains. The company also recommended a dividend payout, adding to the positive read-through for shareholders.

Summarised by Beize from a story on The Economic Times on 12 May 2026
Ambani cola war sparks fridge bonanza as Coke and Pepsi flood small stores

Ambani cola war sparks fridge bonanza as Coke and Pepsi flood small stores

India’s cola battle between Reliance’s Campa Cola and beverage giants Coca-Cola and PepsiCo is unexpectedly boosting commercial refrigeration sales. To grab market share, companies are aggressively installing coolers even in small retail outlets, turning these refrigerators into a marketing tool that directly drives product visibility and sales.

Summarised by Beize from a story on The Economic Times on 12 May 2026
Congress in Delhi consults multiple leaders to decide Kerala CM as finalists battle for clarity

Congress in Delhi consults multiple leaders to decide Kerala CM as finalists battle for clarity

Congress leaders are meeting in Delhi to lock in Kerala’s next Chief Minister, but the party high command is still widening consultations. It’s seeking input from former state presidents and working presidents while juggling top contenders including Ramesh Chennithala, V D Satheesan and K C Venugopal. A formal decision is expected soon as consensus-building continues.

Summarised by Beize from a story on The Economic Times on 12 May 2026
Iltija Mufti social media blocked after sharing Geelani video as case filed by police

Iltija Mufti social media blocked after sharing Geelani video as case filed by police

Iltija Mufti’s social media account was blocked in India after she shared a video of the late Hurriyat leader Syed Ali Shah Geelani. Jammu and Kashmir Police registered a case tied to the video. The PDP criticized the move, saying silencing voices will not solve Kashmir’s underlying issues.

Summarised by Beize from a story on The Economic Times on 12 May 2026

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Trump Ally Questions Pakistan Mediator Role As Iran Jet Shelter Claims Erupt

Trump Ally Questions Pakistan Mediator Role As Iran Jet Shelter Claims Erupt

A fresh diplomatic storm has hit Pakistan after US officials, citing CBS News, alleged that Islamabad quietly allowed Iranian military aircraft to park at the Nur Khan airbase. Republican Senator Lindsey Graham says the claims require a review of Pakistan’s standing and neutrality amid rising tensions. Islamabad has not been shown to confirm the allegations, but doubts are widening in Washington.

Summarised by Beize from a story on Republic on 12 May 2026
Tim David fined for obscene gesture after RCB edges MI in IPL 2026 thriller

Tim David fined for obscene gesture after RCB edges MI in IPL 2026 thriller

RCB’s Tim David was fined after making an obscene middle-finger gesture from the dugout following RCB’s last-ball win over Mumbai in Raipur. The incident drew the attention of match officials, who issued the penalty for the display during the IPL 2026 thriller. The win capped a dramatic chase, but David’s celebration became the headline.

Summarised by Beize from a story on Republic on 12 May 2026
Michael Burry warns of Nasdaq crash as tech rally looks eerily like dot com peak

Michael Burry warns of Nasdaq crash as tech rally looks eerily like dot com peak

Investor Michael Burry, known for “The Big Short,” says the Nasdaq 100 could be heading for a sharp downturn. He compares today’s “parabolic” tech surge to the dot-com bubble’s peak, citing surging chip stocks and stretched valuations. Burry argues Wall Street may be overestimating earnings and urges caution, including profit-taking, ahead of a likely correction.

Summarised by Beize from a story on The Economic Times on 12 May 2026
India cuts oil gas royalty rates to spur deepwater output and boost domestic production momentum

India cuts oil gas royalty rates to spur deepwater output and boost domestic production momentum

India has reduced royalty rates for crude oil and natural gas production, aiming to accelerate domestic exploration and output. The biggest cuts apply to deepwater and ultra-deepwater fields, where the new framework can offer zero royalty for an initial period. The policy is designed to make difficult reserves more economically viable and attract investment into domestic energy supply.

Summarised by Beize from a story on The Economic Times on 12 May 2026

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Hayden Panettiere reveals late teens assault betrayal in new memoir

Hayden Panettiere reveals late teens assault betrayal in new memoir

Hayden Panettiere opens up in an upcoming memoir about a traumatic late-teen sexual assault aboard a boat by someone she trusted. She recounts how quickly she realized she was in danger and describes the lasting emotional betrayal that reshaped her view of trust and personal safety. The details spotlight the profound impact of being harmed by an insider.

Summarised by Beize from a story on The Economic Times on 12 May 2026
Cambridge shooting in traffic leaves two critically injured as gunman stopped by police

Cambridge shooting in traffic leaves two critically injured as gunman stopped by police

A gunman allegedly opened fire on Memorial Drive in Cambridge, Massachusetts, in the middle of traffic, firing about 50 to 60 rounds around 1:30 PM. Two people were left with life-threatening injuries. Police say Cambridge received an earlier 1:06 PM warning call from Boston Police about a man behaving erratically and believed to be armed. The suspect was later stopped by Massachusetts State Police.

Summarised by Beize from a story on Republic on 12 May 2026
Rare waterspout forms off Odisha coast leaving tourists stunned as funnel hits the sea

Rare waterspout forms off Odisha coast leaving tourists stunned as funnel hits the sea

A rare elephant trunk-like waterspout surprised tourists off Odisha’s Astaranga coast. Dark clouds spawned a funnel that descended to the sea, whipping up a visible vortex. Locals call it Hatisunda, and weather experts linked it to a developing low-pressure system. Authorities also warned of more thunderstorms and gusty winds across Odisha in the coming period.

Summarised by Beize from a story on The Economic Times on 12 May 2026
Oil prices jump again as Trump warns ceasefire talks stall and supply worries intensify

Oil prices jump again as Trump warns ceasefire talks stall and supply worries intensify

Oil prices rose for a second straight day, driven by heightened uncertainty over US-Iran ceasefire negotiations and ongoing global supply worries. Trump said peace talks are struggling, while the US plans to release oil from its reserves. Traders are also watching Trump’s upcoming China visit, hoping diplomatic pressure could help unlock a resolution and ease market risk.

Summarised by Beize from a story on The Economic Times on 12 May 2026
DA hike for Gramin Dak Sevaks confirmed 60 percent from January 1 2026

DA hike for Gramin Dak Sevaks confirmed 60 percent from January 1 2026

Gramin Dak Sevaks will get a Dearness Allowance of 60% of their basic TRCA starting January 1, 2026. The revision was confirmed by the Department of Posts after approval from the Ministry of Finance, bringing GDS DA rates in line with central government employees. The change is expected to raise monthly payouts from the new effective date.

Summarised by Beize from a story on The Economic Times on 12 May 2026
PBKS vs DC 2026 Axar Patel and David Miller spark DC’s record 200 plus chase win

PBKS vs DC 2026 Axar Patel and David Miller spark DC’s record 200 plus chase win

Delhi Capitals pulled off a historic 200+ chase to beat Punjab Kings by three wickets in their PBKS vs DC match on Wednesday. Axar Patel and David Miller set the platform with fifties, while Ashutosh Sharma and Madhav Tiwari finished it off. Despite Punjab posting 210/5 powered by Shreyas Iyer and Priyansh Arya, DC climbed to seventh in the IPL standings.

Summarised by Beize from a story on The Economic Times on 12 May 2026
Xi Trump summit could unlock farm deals but soy demand is a letdown for China

Xi Trump summit could unlock farm deals but soy demand is a letdown for China

Market watchers expect a farm deal at the upcoming U.S.-China summit that may expand Beijing’s purchases of grains and meat. Yet analysts say big new soybean purchases are unlikely beyond last October’s agreement, citing weak domestic demand and cheaper substitutes. Attention is shifting to possible commitments for corn, sorghum, milling wheat, beef, and poultry.

Summarised by Beize from a story on The Economic Times on 12 May 2026
Dollar holds steady as Middle East peace hopes fade and oil climbs again

Dollar holds steady as Middle East peace hopes fade and oil climbs again

The U.S. dollar steadied as fears of renewed Middle East conflict pushed investors toward safety while oil prices climbed. Traders are watching for inflation pressures that could delay potential interest rate cuts. With diplomacy showing limited progress, markets are waiting on key U.S. inflation data and developments around President Trump’s China visit.

Summarised by Beize from a story on The Economic Times on 12 May 2026
AIM SUMVAAD in Indore launches incubator alliances for Madhya Pradesh and Rajasthan to accelerate startup growth

AIM SUMVAAD in Indore launches incubator alliances for Madhya Pradesh and Rajasthan to accelerate startup growth

Atal Innovation Mission hosted the AIM SUMVAAD Central India Edition in Indore at RRCAT, uniting government, industry, academia, incubators, and startups. The summit launched the Madhya Pradesh Incubation Consortium and Rajasthan’s Thar Incubation Alliance while focusing on stronger state-centre collaboration, inclusive entrepreneurship, and scaling innovation. Leaders stressed incubators as engines of scalable ventures and patient, research-led growth.

Summarised by Beize from a story on IndianWeb2 on 12 May 2026
OpenAI caps Microsoft revenue sharing at 38 billion as payouts reach a hard ceiling

OpenAI caps Microsoft revenue sharing at 38 billion as payouts reach a hard ceiling

OpenAI has reportedly capped its revenue-sharing payments to Microsoft at $38 billion, according to The Information. The move suggests the partnership’s financial upside for Microsoft is now limited, even if OpenAI’s earnings keep rising. The report does not detail the trigger or whether additional terms adjust future economics beyond the cap.

Summarised by Beize from a story on The Economic Times on 12 May 2026
Delhi set for rain and thunderstorms as IMD issues yellow alert to end brutal heat

Delhi set for rain and thunderstorms as IMD issues yellow alert to end brutal heat

Delhi may finally get relief from days of dry heat as the IMD issues a rain and thunderstorm warning from Monday. Cloud cover and cooling rain are expected to nudge temperatures down slightly to around 35–37°C by Tuesday. The alert also covers parts of northwestern India, including Punjab, Haryana, and Himachal Pradesh, with gusty winds possible.

Summarised by Beize from a story on Republic on 12 May 2026
Microsoft Google and xAI security test pact details vanished from US government website

Microsoft Google and xAI security test pact details vanished from US government website

US officials removed details from a government website about an agreement with Microsoft, Google, and xAI. The arrangement reportedly let government scientists test new AI models for security flaws before they were released publicly. The deletion comes as national security concerns over advanced AI intensify, but officials have not clarified why the information was taken down.

Summarised by Beize from a story on The Economic Times on 12 May 2026
Gold climbs as Trump Xi talks loom and Iran ceasefire watch intensifies

Gold climbs as Trump Xi talks loom and Iran ceasefire watch intensifies

Gold prices rose as markets priced in potential outcomes from an awaited Trump Xi meeting and closely watched fragile ceasefire negotiations involving Iran. Traders are also looking ahead to U.S. CPI data, viewing it as a key signal for the Federal Reserve’s next interest rate moves. Risk sentiment and rate expectations are driving the commodity’s momentum.

Summarised by Beize from a story on The Economic Times on 12 May 2026
EPFO ordered to pay Rs 50,000 after 10 year PF transfer delay deemed unjustified

EPFO ordered to pay Rs 50,000 after 10 year PF transfer delay deemed unjustified

The Chandigarh Consumer Commission ruled that EPFO’s claim of software problems does not justify a decade-long delay in processing an employee’s EPF transfer request. Finding the delay inordinate and unexplained, it held the agency guilty of deficiency in service. EPFO was ordered to pay Rs 50,000 in compensation plus litigation costs.

Summarised by Beize from a story on The Economic Times on 12 May 2026
India signs MBDA deal to build MICA missile MRO hub cutting foreign repair dependence

India signs MBDA deal to build MICA missile MRO hub cutting foreign repair dependence

France’s MBDA and India’s Air Force have agreed to set up an IAF-run MRO facility in India for MICA missiles, covering maintenance, repair, and mid-life overhauls. The plan is set to speed up missile turnaround times and reduce overseas servicing, boosting readiness and self-reliance. However, India won’t get production rights, and future missile upgrades still require new purchases from MBDA.

Summarised by Beize from a story on IndianWeb2 on 12 May 2026
Sutskever claims he spent a year collecting evidence against Altman dishonesty in OpenAI battle

Sutskever claims he spent a year collecting evidence against Altman dishonesty in OpenAI battle

Former OpenAI executive Ilya Sutskever testified that he spent a year gathering evidence tied to claims of Sam Altman’s dishonesty. His account feeds into a high-stakes legal fight involving Elon Musk, who is suing OpenAI and Microsoft over allegations the company abandoned its nonprofit mission. The trial’s outcome could directly affect OpenAI’s future and control structure.

Summarised by Beize from a story on The Economic Times on 12 May 2026
Amazon fires up 10 minute deliveries to rattle Blinkit and reshape India quick commerce

Amazon fires up 10 minute deliveries to rattle Blinkit and reshape India quick commerce

Amazon’s 10-minute delivery push is escalating pressure on India’s quick commerce leader Blinkit. As rivals battle for the same urban, high-frequency shoppers, Blinkit is adjusting beyond its earlier premium-focused strategy. Amazon, meanwhile, leans on Prime membership to combine speed with a wider selection, aiming to steal share where timing matters most.

Summarised by Beize from a story on The Economic Times on 12 May 2026
Amazon quick commerce challenge hits Blinkit as new insurance models enter the spotlight

Amazon quick commerce challenge hits Blinkit as new insurance models enter the spotlight

Amazon’s push into quick commerce is unsettling Blinkit, despite the move arriving later than competitors. The latest ETtech dispatch also flags fresh insurance models gaining traction, signaling how marketplaces and adjacent services are reshaping consumer expectations. Together, these developments point to intensifying competition and faster product and policy journeys for customers.

Summarised by Beize from a story on The Economic Times on 12 May 2026
UAE reportedly carried out secret strikes on Iran targeting a key refinery on Lavan Island

UAE reportedly carried out secret strikes on Iran targeting a key refinery on Lavan Island

The UAE has reportedly carried out unconfirmed military strikes against Iran, including an alleged early-April attack on a refinery on Lavan Island. The Wall Street Journal cites sources familiar with the matter, while Reuters has not independently verified the claims. With no public confirmation from the UAE yet, the episode remains closely watched amid rising regional tensions.

Summarised by Beize from a story on The Economic Times on 12 May 2026
Trump finds his Iran leverage fading as oil prices surge and pressure mounts

Trump finds his Iran leverage fading as oil prices surge and pressure mounts

President Trump is facing mounting hurdles over Iran, with experts arguing his leverage has been significantly diminished. The standoff is already rippling into global oil prices, raising costs and anxiety for Americans. With Trump preparing to travel to China, analysts say the timing could worsen an already complex situation shaped by the consequences of military action.

Summarised by Beize from a story on The Economic Times on 12 May 2026
Oil prices edge higher as US Iran talks underline real supply risk near Hormuz

Oil prices edge higher as US Iran talks underline real supply risk near Hormuz

Oil prices rose slightly in early Asian trade as fragile US-Iran negotiations revived worries about crude supply disruptions, especially around the Strait of Hormuz. Tehran’s response signaled deep differences, while reduced output from OPEC helped keep prices steady above $100. The US also plans SPR loans and sanctions targeting Iranian shipments to curb market pressure.

Summarised by Beize from a story on The Economic Times on 12 May 2026
Alpha Compute brings confidential GPU as a service to India after rebranding shift

Alpha Compute brings confidential GPU as a service to India after rebranding shift

US-listed Alpha Compute is expanding its confidential GPU-as-a-service offering in India by partnering with local data centers. The company says demand from clients including Telegram is driving the push, with a focus on low-latency AI infrastructure. The expansion follows a rebrand from a digital asset treasury platform to a secure AI infrastructure provider.

Summarised by Beize from a story on The Economic Times on 12 May 2026
Eli Lilly pauses India obesity campaign after regulator warning and seeks clearer promotion rules

Eli Lilly pauses India obesity campaign after regulator warning and seeks clearer promotion rules

Eli Lilly has paused its obesity awareness campaign in India after the country’s drug regulator cautioned it over potential rule violations. The initiative sought to reframe obesity as a chronic disease using multiple media formats without naming specific products. Lilly says regulatory uncertainty and conflicting guidance led to the halt, while the regulator warned against indirect promotion of medicines.

Summarised by Beize from a story on The Economic Times on 12 May 2026
US seeks to keep Trump 10% tariffs after court strikes them down while appeal continues

US seeks to keep Trump 10% tariffs after court strikes them down while appeal continues

The Trump administration has asked an appeals court to pause a trade court ruling that overturned President Donald Trump’s 10% global tariffs. Despite the court setback, the government wants the levies to remain in effect while its legal challenge proceeds. The decision will determine whether tariff payments continue during the appeal process, with broader trade and market implications.

Summarised by Beize from a story on The Economic Times on 12 May 2026
Oil prices surge past 100 as rupee hits record low and stocks slide

Oil prices surge past 100 as rupee hits record low and stocks slide

The rupee closed at a new record low as equities slid following a sharp jump in oil prices beyond $100 a barrel. The shock traces to Donald Trump rejecting Iran’s peace plan, while Prime Minister Narendra Modi urged austerity to protect foreign exchange reserves and reduce fuel consumption amid rising risks from the ongoing Gulf conflict.

Summarised by Beize from a story on The Economic Times on 12 May 2026
Canara Bank Q4 profit slips 10 percent as bond yield surge fuels treasury losses

Canara Bank Q4 profit slips 10 percent as bond yield surge fuels treasury losses

Canara Bank’s March-quarter net profit fell 10% to ₹4,506 crore, hurt by treasury losses linked to higher sovereign bond yields. Still, the bank’s asset quality improved, cushioning the downturn. For the full fiscal year, net profit grew 12.7% to ₹19,187 crore, showing stronger performance despite volatile markets.

Summarised by Beize from a story on The Economic Times on 12 May 2026
Investors are flooding into REITs and InvITs as IPOs stall for steadier annuity-like returns

Investors are flooding into REITs and InvITs as IPOs stall for steadier annuity-like returns

With many IPOs failing to inspire, investors are showing strong demand for REITs and InvIT issuances. The reason: these trusts typically generate stable, annuity-like income from operational assets, translating into more predictable cash flows. In a choppy equity environment, that balance of resilience and returns is drawing capital away from traditional listings toward these infrastructure and real estate vehicles.

Summarised by Beize from a story on The Economic Times on 12 May 2026
AI services surge as Anthropic JV and OpenAI funding reshape Indian IT operations

AI services surge as Anthropic JV and OpenAI funding reshape Indian IT operations

AI services are accelerating in India as Anthropic launches a joint venture and OpenAI reportedly seeks funding, raising competitive pressure on local IT firms. The bigger near-term challenge: several AI companies are moving to usage-based pricing, which can unsettle delivery economics and force Indian providers to rethink contracts, capacity planning, and risk sharing quickly.

Summarised by Beize from a story on The Economic Times on 12 May 2026
Jewellery stocks plunge up to 9% after Modi urges a year without gold purchases

Jewellery stocks plunge up to 9% after Modi urges a year without gold purchases

Gold jewellery stocks slumped as Prime Minister Modi urged Indians to avoid buying gold for a year to conserve foreign exchange. The move rattled investor sentiment and clouded the near-term outlook for companies in the sector. Still, analysts argue that deeper demand drivers like weddings and organized players could keep long-term consumption resilient.

Summarised by Beize from a story on The Economic Times on 12 May 2026
Embedded insurance surges in ecommerce as fintech bundles protection for merchants

Embedded insurance surges in ecommerce as fintech bundles protection for merchants

Embedded insurance is quickly finding a growth path in ecommerce and fintech, as payment and online retail platforms bundle protection for merchants. Startups such as Riskcovry and Assurekit use data analytics to build customised coverage, targeting costly issues like return-to-origin shipments and fraudulent orders, while enabling more accurate premium pricing and better risk assessment.

Summarised by Beize from a story on The Economic Times on 12 May 2026
Former California mayor Eileen Wang pleads guilty to illegal foreign agent work for China

Former California mayor Eileen Wang pleads guilty to illegal foreign agent work for China

Eileen Wang, the former mayor of Arcadia, California, pleaded guilty to acting as an illegal foreign agent for China. Prosecutors say she secretly coordinated with Chinese officials from 2020 to 2022, using a website called “U.S. News Center” to push propaganda and advance Beijing’s messaging. The case highlights how influence operations can reach local politics.

Summarised by Beize from a story on The Economic Times on 12 May 2026
US approves 53 million barrels emergency oil release to cool summer gas prices

US approves 53 million barrels emergency oil release to cool summer gas prices

The US is releasing 53.3 million barrels from its Strategic Petroleum Reserve, awarding supply contracts to firms including Trafigura, Marathon Petroleum and Exxon Mobil. Trafigura received the largest portion of nearly 13 million barrels. The oil is scheduled to come out between June and August, ahead of peak US gasoline demand, amid price pressure tied to the Iran war.

Summarised by Beize from a story on The Economic Times on 12 May 2026
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