07/15/2025
India took swift action on aviation safety by ordering inspections on Boeing 737 and 787 fuel pump systems following a mid-air scare, while simultaneously pursuing critical mineral supply agreements with Chile and Peru to lessen reliance on China. The country's trade deficit narrowed due to reduced imports, and retail inflation hit a six-year low, bolstering hopes for further Reserve Bank rate cuts. Infrastructure investment came into focus as GMR Group announced a ₹25 bn bond raise for airport development. In the U.S., President Trump reportedly urged Ukraine to strike deep into Russian territory, while a U.S. citizen aiding Moscow in Ukraine received Russian citizenship. Domestic data showed U.S. consumer inflation rose in June, and oil markets stayed stable after Trump issued a 50-day ultimatum to Russia. Globally, OPEC expressed optimism about economic growth in the second half of 2025.
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