Category markets

Eurozone growth slows to four-month low in October

Economic momentum in the eurozone experienced a notable slowdown in October, reaching its lowest level in four months. Driven by persistent weakness in the manufacturing sector and a cooling service industry, the region's overall business activity failed to meet earlier expectations. Analysts attribute this sluggish performance to declining domestic and international demand, alongside ongoing geopolitical uncertainties that continue to weigh heavily on business confidence. Consequently, concerns are mounting among policymakers regarding the broader economic health of the currency bloc as it navigates the final quarter of the year.

Earnings call transcript: Saregama India jumps on strong Q2 2027 revenue beat

Saregama India experienced a significant surge in its stock price following an impressive earnings call for the second quarter of fiscal 2027. The company reported a strong revenue beat, driven by robust performance and expanding market demand across its core music and entertainment segments. Management highlighted strategic growth initiatives and digital expansion as key catalysts behind the positive financial results. Investors responded enthusiastically to the optimistic outlook and solid profitability metrics shared during the call. This strong quarterly showing reinforces Saregama's dominant position and sustained momentum within the competitive entertainment industry.

Europe auto sector posts fastest output growth in over five years

Europe’s automotive sector has experienced its fastest output growth in over five years, signaling a robust recovery for the continent's manufacturing backbone. This impressive surge is driven by easing supply chain bottlenecks, stabilizing energy costs, and a resurgence in consumer demand for both traditional and electric vehicles. Industry analysts note that this momentum provides a much-needed economic boost to manufacturing powerhouses across the region. However, challenges remain as automakers navigate fierce global competition and shifting regulatory landscapes. Sustaining this positive trajectory will require continued innovation and adaptability in an increasingly dynamic market.

Iran Says Four Oil Tankers Destroyed by Mines Near Strait of Hormuz

Tensions in the Middle East escalated sharply after Iranian authorities reported that four commercial oil tankers suffered severe damage from explosive mines near the critical Strait of Hormuz. The incident occurred in strategic waters vital for global energy supplies, prompting immediate concern from international shipping and security analysts. While initial reports confirmed significant structural damage to the vessels, no casualties or oil spills were immediately reported by local maritime officials. The event threatens to further destabilize the already volatile region, raising alarms among global powers regarding the safety of commercial navigation and energy transportation through the vital trade corridor.

India Races to Triple Coal Stockpiles to Prevent Summer Blackouts

India is scrambling to boost its coal reserves, aiming to triple stockpiles before the scorching summer months to avert another wave of power cuts. The push comes after a series of blackouts last year, when soaring temperatures and a weak monsoon left the grid strained. State‑run utilities and private generators are accelerating imports and tapping domestic mines, while the government has cleared bureaucratic hurdles to speed up logistics and financing. Officials say the expanded reserves will give plants a buffer against supply disruptions and help keep lights on in heat‑hit cities and industrial hubs throughout the peak season.