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Strapline: Prime Minister Narendra Modi’s visit to UAE and Qatar was a game-changing development because they took extraordinary steps to prove their friendship towards India. The inauguration of a temple in Abu Dhabi and the release of Navy veterans in Qatar are significant moves. India is now rivalling China for influence in the Middle East at a time when the region is undergoing major changes

Market salutes conservative Budget stance

The root of the problem in the Middle East is the ongoing slaughter in Gaza. US strikes on Houthis demanding a stop to the carnage will not help 

The markets are pricing in a soft landing, rate cuts, the end of liquidity tightening, low inflation, no impact of geopolitics, no impact of climate change, no impact of trade wars and de-globalisation

Taiwan’s election results are a vote against China’s plan to merge the island region with the Chinese mainland. It is a major loss of face for China which might consider new ways to curb Taiwanese aspirations for complete independence. However, it is unlikely to use military force in the near term