Daily Recap

Saturday, 01 August 2026

Business news today spans fresh violence, market intervention, and efforts to shore up trade routes. In Moscow, an explosion outside a central restaurant killed three people and injured 15, with Russian authorities investigating and some reports classifying the blast as a terrorist attack. In Gaza, Israeli strikes killed two Palestinians and destroyed warehouses storing medical supplies near Al-Aqsa Martyrs Hospital, underscoring how conflict continues to disrupt both lives and basic services. Against a backdrop of regional instability, Iraq and Turkey moved to protect energy flows by extending their Ceyhan oil pipeline deal for another year, giving بغداد a vital alternative to shipping through the Strait of Hormuz. In currency markets, reports say the U.S. Treasury stepped in to support the yen through the New York Fed, a rare intervention. Meanwhile, India offered a brighter economic signal, with July GST collections jumping 15.4% to more than ₹2.11 lakh crore.

Recap for Saturday, 01 August 2026

Photos from today's Business coverage
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