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Business

UK solar capacity reaches 22.8 GW before plug-in launch

June delivered the second-highest monthly installation count recorded in the UK. Only March 2026 ranked higher, with 28,782 installations. Solar capacity increased by 2.2 gigawatts, or 10.9%, during the 12 months through June. The country also recorded 269,000 installations during 2025, the highest annual total to date. Most systems installed that year were on homes, businesses and other buildings. Utility-scale projects also continued to raise the country’s overall solar generation capacity.

Business

Canadian economy grew 0.3% in May report

Canadian economy grew 0.3% in May, with real output increasing across 13 of 20 primary industrial sectors. The mining, quarrying, and oil and gas extraction sector led the expansion with a 1.0% rise, supported by increased production in Alberta. Real estate and rental services also saw a significant increase, with offices of real estate agents and brokers experiencing a 5.1% jump in activity. Goods-producing industries expanded by 0.6%, while services-producing industries recorded a 0.2% increase. Overall, the second quarter rebound accelerated, surpassing earlier government forecasts.

Business

India commits 84084 crore rupees to offshore energy security

The financial framework allocates capital across four principal program pillars to transform the upstream petroleum landscape. According to official disclosures issued by the Prime Minister’s Office, the government designated 28,534 crore rupees specifically for offshore seismic data acquisition, processing, and high-resolution interpretation. This data segment includes 12,000 crore rupees for basin-wide two-dimensional seismic surveys, 12,534 crore rupees for three-dimensional seismic coverage, and 4,000 crore rupees to modernize the National Data Repository using artificial intelligence tools. The structured allocation ensures comprehensive mapping of unexplored frontier basins and erstwhile restricted maritime zones across the eastern and western sea boards.

Business

Gold prices fall on strong dollar ahead of central bank meeting

Precious metal values declined during Tuesday trading sessions as a stronger United States dollar increased purchasing costs for international buyers while financial institutions awaited the outcome of a critical central bank meeting. Official market reports published by Emirates News Agency confirmed that gold slips as firm dollar weighs; focus turns to Fed meeting perspectives across global commodity exchanges. Spot gold values retreated 0.7 percent to reach $4,045.89 per ounce following a brief advance of up to 1 percent recorded during Monday sessions. United States gold futures contracts for August delivery experienced a downward adjustment of 0.8 percent to settle at $4,046.20 per ounce. Concurrently, broader precious metals experienced downward pressure as spot silver declined 2 percent to $57.23 per ounce, platinum dropped 0.9 percent to $1,605.93, and palladium slid 1.6 percent to $1,270.97.

Business

Senate crypto bill faces pushback over conflict of interest rules

Ethics watchdogs and legal experts called on Congress on Monday to institute strict anti-corruption provisions in pending cryptocurrency legislation, warning that lawmakers must close the crypto conflict of interest loopholes or scrap the CLARITY Act entirely. In a joint statement, nonpartisan advocacy group Democracy Defenders Action and civil society organization Transparency International U.S. criticized the ethics text contained within the Digital Asset Market Clarity Act. The organizations argued that the current statutory framework fails to protect the integrity of the digital asset marketplace, American consumers, and the national economy from self-dealing by public officials.