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Backlash on ethanol-blend fuel intensifies in India, puts carmakers in the dock

NEW DELHI, July 8 (Reuters) – Indian Prime Minister Narendra Modi’s government is ​facing mounting anger over a mandatory 20% ethanol-blended fuel policy, with vehicle owners demanding choice and an opposition politician asking ‌carmakers Maruti Suzuki and Toyota to provide clarity. The 20% ethanol-blended petrol, called E20, became the only fuel sold at India’s 90,000 petrol pumps at the end of last year, triggering a public uproar that however dissipated within weeks. But it’s now again at the centre of controversy after a top government lawyer called E20 an “experiment” in court – ​and then backtracked on the comments –

Gold falls Rs 800 to Rs 1.48 lakh/10g amid surging crude, weak global cues

New Delhi, Jul 8 (PTI) Declining for the third straight session, gold prices fell Rs 800 to Rs 1.48 lakh per 10 grams in the national capital on Wednesday, as weak global trends and a spike in crude oil rates amid escalating tensions in West Asia dampened investor sentiments. The yellow metal of 99.9 per cent purity depreciated by Rs 800 to Rs 1,48,450 per 10 grams (inclusive of all taxes) from Tuesday’s closing level of Rs 1,49,250 per 10 grams. However, silver prices remained unchanged at Rs 2,39,800 per kilogram (inclusive of all taxes). Traders said bullion remained under

China allocates millions in new disaster relief after storms and a deadly landslide

BEIJING, July 8, 2026 (AP) — China allocated millions of dollars in additional relief funding for disaster-hit areas Wednesday after severe storms destroyed homes and displaced thousands of people and a landslide killed 21 forestry workers. The central government allocated 50 million yuan ($7.4 million) to restore roads, schools and other facilities in central China’s Hubei province and another 20 million yuan to help rebuild homes and resettle residents there, state media said. Eleven people died and hundreds were injured Monday night in violent thunderstorms and rare tornadoes. The government also allocated 30 million yuan ($4.4 million) to Gansu province,

Trump says Iran deal is ‘over’ but talks can continue

DUBAI, United Arab Emirates, July 8, 2026 (AP) — Iran targeted American military sites in the Gulf on Wednesday after the U.S. launched strikes on several places in Iran and reinstated sanctions on its oil sales. Washington said it was responding to Iranian attacks on ships in the Strait of Hormuz. The crossfire raised fears that the war in Iran could reignite, and U.S. President Donald Trump fueled those concerns by saying that the interim agreement to pause fighting was “over,” although he added that he would allow negotiations to continue. Attacks have repeatedly threatened the shaky ceasefire, but Trump’s

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