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BusinessPhoto: TOI BusinessIndian oil marketing companies are facing severe financial losses due to the Middle East conflict. They are losing Rs 26 per litre on petrol and Rs 30 per litre on diesel. The crisis has caused procurement and freight costs to increase eightfold, disrupting crude shipments from the region and creating sustained financial pressure despite strong refining margins.
TOI Business·
BusinessPhoto: Firstpost BusinessThe US budget deficit reached $1.99 trillion in fiscal year 2026, a 12% increase from the previous year, driven largely by record $1.36 trillion interest payments on public debt. Despite President Trump's promises to cut spending, rising debt costs and tariff refunds following a Supreme Court ruling contributed to the deficit. Government revenues rose 3% to $5.40 trillion.
Firstpost Business·
EntertainmentPhoto: HT EntertainmentDirected by Javier Ambrossi and Javier Calvo, Spain’s film 'La Bola Negra' spans 1932, 1937, and 2017 to depict the lives of gay men amid political upheaval and repression. Inspired by Federico García Lorca’s unfinished play and Alberto Conejero’s work, the $15 million film combines historical depth with poetic storytelling. Netflix granted it a 47-day theatrical window before streaming in December.
HT Entertainment·
PoliticsPhoto: TOI EntertainmentReality TV stars Todd and Julie Chrisley are facing a $1.57 million federal tax lien filed by the IRS in Tennessee. This lien, filed in August 2026, concerns unpaid taxes for 2021 and 2022 and is separate from their 2022 bank fraud and tax evasion convictions, for which President Donald Trump pardoned them in 2025.
TOI Entertainment··Tennessee
PoliticsPhoto: HT WorldKaylub Giamanco, a 36-year-old carpenter and parent of two Silver Rail Elementary students in Bend, Oregon, fatally shot 16-year-old shooter John J. Griffin during a school attack. Griffin killed one student and injured four others before Giamanco intervened. Police confirmed Giamanco acted after hearing gunshots while on a lunch break. The injured include young students and a teacher, with some in critical condition.
HT World··Bend
PoliticsPhoto: HT WorldThe Federal Aviation Administration (FAA) has imposed a temporary flight restriction banning unauthorized drones up to 400 feet above ground and one nautical mile north of the US-Mexico border. This move aims to curb illegal drug shipments by Mexican cartels using drones. The Pentagon reported over 1,000 drone incursions monthly and authorized a high-energy laser counter-drone system to protect the border. Defense Secretary Pete Hegseth stated the military will shoot down threatening cartel drones.
HT World·
TOI Business·
Photo: TOI BusinessIndian oil marketing companies are facing severe financial losses due to the Middle East conflict. They are losing Rs 26 per litre on petrol and Rs 30 per litre on diesel. The crisis has caused procurement and freight costs to increase eightfold, disrupting crude shipments from the region and creating sustained financial pressure despite strong refining margins.
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