Latest news with #News
See - Sada Elbalad
21 minutes ago
- Business
- See - Sada Elbalad
US Economy Revised Down to 0.2% Contraction in Q1
Taarek Refaat The United States raised its estimates for the economy's performance in the first quarter of this year in the second reading, but it remains contracting. According to official data released, Thursday, the US gross domestic product (GDP) declined by about 0.2% in the first quarter of 2025, higher than the initial reading, which indicated a contraction of 0.3%. Meanwhile, consumer spending slowed during the period but remained in positive territory, with personal consumption expenditures (PCE) rising by 1.2%, the slowest quarterly growth rate since the second quarter of 2023, compared to a 4% increase in the previous quarter. Conversely, private domestic investment jumped by about 24.4%, compared to a 5.6% decline in the fourth quarter of 2024. Government consumption expenditures and total investment declined by about 0.7%, after a 3.1% increase in the fourth quarter of last year. The data indicated that the personal consumption expenditures price index grew by 3.6%, the same as the first reading, while the index excluding food and energy grew by 3.5%, about 0.1% higher than the first reading. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks
Man of Many
34 minutes ago
- Automotive
- Man of Many
2026 BWM M2 CS Price and Specs Revealed for Australia
By Somnath Chatterjee - News Published: 30 May 2025 Share Copy Link Readtime: 4 min Every product is carefully selected by our editors and experts. If you buy from a link, we may earn a commission. Learn more. For more information on how we test products, click here. Hardcore M2 CS will set you back by AUD$172,900 before on-road costs Coming to Australia in Q4, 2025 3.0-litre twin-turbo straight-six now makes 390 kW (530 hp) and 650 Nm CS is lighter than the standard M2 by 30 kilograms Non-limited vehicle, deliveries are slated to start by the end of the year The 'CS' badge (Competition Sport) is a hallowed moniker that is not applied to any old BMW. No, the badge is kept for the flagship vehicles and is typically released alongside a power upgrade, aerodynamic changes, and lightweight packages. Now, the latest generation of the M2 has been given just that, signifying how the smallest M car has now grown up. The good news here, and there is plenty, with the 2026 BMW M2 CS is now nearly as powerful as the M4 CS. Under the bonnet, the 3.0-litre in-line 6-cylinder engine has been overhauled to develop an additional 37kW of power and 50Nm of torque over the standard M2, bringing power to 390kW. Hence, the baby M car now knocks at the door of its bigger M3 and M4 siblings. With the power upgrade, the 2026 BMW M2 CS will now accelerate from 0-100 km/h in 3.8 seconds, which is 0.2 seconds faster than the standard BMW M2 Coupe. Even more significant is the acceleration from 0-200 km/h, where the M2 CS gains a 1.2-second advantage over the standard model before going on to a top speed of 302 km/h. 2026 BMW M2 CS | Image: BMW / Supplied Those are serious numbers, and the engine also gets an M-specific cooling system as well as a map-controlled oil pump. The motor is very close to that of the M4 GT3 EVO. While it sounds overwhelming, the basics are clear as it remains a proper RWD tyre shredder with an 8-speed automatic as standard, as the CS will not come with a manual transmission. However, unlike the Nissan Z NISMO, the M2 was sent to the gym and it has shed approximately 30 kilograms thanks to the generous use of carbon-fibre-reinforced plastic (CFRP) as well as forged M light-alloy wheels. Speaking of which, the M2 CS has not been given an extreme makeover, but it did not need it anyway, while some trademark CS styling elements have been carefully poured over here. There is a lot of carbon as standard, including the roof, as well as contrast black painted elements like the front splitter and the grille. At the rear, the boot is now made from lightweight CFRP, along with an integrated ducktail and model designation badge affixed to the rear, which has a red outline. 2026 BMW M2 CS | Image: BMW / Supplied 2026 BMW M2 CS | Image: BMW / Supplied 2026 BMW M2 CS | Image: BMW / Supplied 2026 BMW M2 CS | Image: BMW / Supplied Look inside, and the 2026 BMW M2 CS is a serious place to drive fast, and weight has been stripped away here too with motorsport-inspired Alcantara, carbon-fibre-reinforced plastic centre console and of course, heated M Carbon bucket seats with electric adjustment. CS owners who want to take their garage queen to the track will be able to add a multi-point harness since the integrated head restraints are removable. Elsewhere, there is a standard M Alcantara steering wheel which features a flat-bottomed rim, gearshift paddles and a red centre marker at 12 o'clock plus two M buttons. Just in case owners forget what their new ride is, there are CS logos scattered everywhere, including on the centre console, door sill and even on the door panel. If you want to get your hands on all of this goodness, then you'll have to front up some serious coin because the new M2 CS is priced from AUD$172,900 before on-road costs. That's a hefty AUD$46,600 over the standard BMW M2. However, unlike the previous M2 CS, this will not be a limited edition, but BMW will not make them for long, though. The lucky buyers in Australia can select from four paint options: Black Sapphire metallic, BMW Individual Velvet Blue metallic, M Brooklyn Grey metallic and M Portimao Blue metallic. More information about the M2 CS can be found at the brand's website linked below. 2026 BMW M2 CS | Image: BMW / Supplied 2026 BMW M2 CS | Image: BMW / Supplied 2026 BMW M2 CS | Image: BMW / Supplied 2026 BMW M2 CS | Image: BMW / Supplied 2026 BMW M2 CS | Image: BMW / Supplied
See - Sada Elbalad
2 hours ago
- Business
- See - Sada Elbalad
NVIDIA Shares Jump about 6% after better-than-expected Quarterly Earnings
Taarek Refaat NVIDIA shares jumped about 6% after the company reported better-than-expected quarterly earnings, boosted by a 73% year-over-year increase in data center revenue. "NVIDIA's results on Wednesday are pivotal not just for NVIDIA, but for the broader market, as they can reignite investor optimism and shift attention away from political headlines to the power of artificial intelligence," said James Demert, chief investment officer at Main Street Research. Despite Wednesday's weak market performance, major US indices are on track to end the week—and month—with strong gains. The S&P 500 is up 2.2% since the start of the week, the Dow is up 1.3%, and the Nasdaq is up 3%. The tech sector is up more than 10% in May, driven by AI announcements from major companies like Alphabet. During May, the S&P 500 rose 6%, the Dow Jones rose 3.6%, and the Nasdaq jumped 11%. These gains come after President Trump on Sunday backed down from his threat to impose 50% tariffs on the EU on June 1, postponing the implementation until July 9. Although markets welcomed the news, criticism of the tariffs' impact on markets continues, according to a report published by CNBC. US stock indices posted significant gains on Thursday after a federal court ruled to invalidate the "reciprocal" tariffs imposed by US President Donald Trump. Nvidia's strong quarterly results also pushed technology stocks higher, boosting market performance. The S&P 500 rose 0.8%, while the Nasdaq Composite jumped 1.5%, returning to positive territory for the year to date. The Dow Jones Industrial Average rose 46 points, or 0.1%. This rise came after the U.S. Court of International Trade ruled Wednesday evening that President Trump exceeded his authority by imposing tariffs under the name "reciprocal duties," and ordered the reversal of those decisions. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks
News18
2 hours ago
- Automotive
- News18
Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On May 30
Last Updated: Petrol, Diesel Price On May 30: Check City-Wise Rates Across India Including In Delhi, Mumbai And Kolkata Latest prices of petrol and diesel in your city. Petrol and Diesel Prices on May 30, 2025: Oil marketing companies (OMCs) revise petrol and diesel prices daily at 6 AM, reflecting fluctuations in global crude oil prices and currency exchange rates. These regular updates ensure transparency and provide consumers with the most accurate and current fuel price information. Petrol Diesel Price Today In India Check city-wise petrol and diesel prices on May 30: City Petrol (₹/L) Diesel (₹/L) New Delhi 94.72 87.62 Mumbai 104.21 92.15 Kolkata 103.94 90.76 Chennai 100.75 92.34 Ahmedabad 94.49 90.17 Bengaluru 102.92 89.02 Hyderabad 107.46 95.70 Jaipur 104.72 90.21 Lucknow 94.69 87.80 Pune 104.04 90.57 Chandigarh 94.30 82.45 Indore 106.48 91.88 Patna 105.58 93.80 Surat 95.00 89.00 Nashik 95.50 89.50 Key Factors Behind Petrol and Diesel Rates Petrol and diesel prices in India have remained unchanged since May 2022, following tax reductions by the central and several state governments. Oil Marketing Companies (OMCs) update fuel prices daily at 6 a.m., adjusting for fluctuations in global crude oil markets. While these rates are technically market-linked, they are also influenced by regulatory measures such as excise duties, base pricing frameworks, and informal price caps. How to Check Petrol and Diesel Prices via SMS You can easily check the latest petrol and diesel prices in your city through SMS. For Indian Oil customers, text the city code followed by 'RSP" to 9224992249. BPCL customers can send 'RSP" to 9223112222, and HPCL customers can text 'HP Price" to 9222201122 to receive the current fuel prices. Watch India Pakistan Breaking News on CNN News18. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! First Published:
See - Sada Elbalad
2 hours ago
- Business
- See - Sada Elbalad
Powell Defends Monetary Policy during Trump Meeting
Taarek Refaat Federal Reserve Chairman Jerome Powell announced Thursday that he met with President Donald Trump at his request, during which he defended the decisions taken without political considerations. A statement from Powell said that Trump summoned him to the White House on Thursday, and they discussed economic developments, including growth, employment, and inflation. Powell explained that he gave the president a detailed explanation of his "forecast for monetary policy, solely to emphasize that its course depends solely on incoming economic data and their implications" for the future. He noted that it was emphasized that the Fed chairman and his staff "will set monetary policy, as required by law," with the goal of eliminating unemployment and achieving price stability, "and they will do so based solely on careful, objective, and apolitical analysis." This came after a senior Federal Reserve official revealed Thursday that the agency could cut interest rates if the president's tariffs were lifted. For months, Trump has criticized the Federal Reserve, particularly Powell, for keeping interest rates at levels he considers too high. Earlier, Trump imposed 10% tariffs on most countries and imposed higher tariffs on dozens of trading partners, but temporarily suspended them a few days later to allow for trade talks. The U.S. Court of International Trade ruled Wednesday that Trump had exceeded his authority by imposing these sweeping tariffs and blocked their implementation, a decision the White House vowed to appeal. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks
