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On February 6-7, 2026, the US and India announced a trade framework reducing US tariffs on Indian goods from 50% to 18%, contingent on India halting Russian oil imports. India agreed to lower tariffs on US industrial and agricultural products and commit to $500 billion in US purchases over five years. The deal faces domestic opposition in India, especially from farmers and unions concerned about agricultural exposure.
As of March 2026, hedge funds and portfolio managers are leveraging technology and outsourcing to launch with minimal staff, driven by the growth of separately managed accounts (SMAs). Firms like IIP Services enable rapid, cost-effective fund launches, while major players such as Millennium expand talent pipelines. Meanwhile, UK media forms a coalition to protect journalism from AI misuse, and Rolls-Royce seeks government support amid aerospace competition.
The Philippines has received a tanker carrying Russian crude oil, marking its first purchase in five years. This comes as the country faces a national energy emergency, with limited fuel supplies and increased reliance on Russian imports authorized by U.S. sanctions waivers. The move reflects shifting regional energy sourcing amid global disruptions.
Italy has missed out on the upcoming World Cup after losing in a qualification playoff. US special envoy Paolo Zampolli has suggested Italy could replace Iran in the tournament, sparking controversy. Italian officials emphasize that teams must earn their place on the pitch, and Iran's participation remains uncertain due to geopolitical tensions.