December 12, 2025

UK Sanctions Four Sudan RSF Commanders Over El Fasher Violence, Leaves UAE Unscathed

The UK sanctions four senior Rapid Support Forces commanders in Sudan over brutal violence in El Fasher. It spares the UAE and the RSF chief commander, citing preference for private leverage amid ongoing civil war and regional tensions.

December 12, 2025

Rupee Hits Record Low of 90.41 Against US Dollar on Trade Deal Concerns

The Indian rupee fell to an all-time low of 90.41 against the US dollar on December 12, 2025. Weak investor sentiment due to delays in the India-US trade deal and foreign fund outflows put pressure on the currency. Despite global factors, experts expect the rupee to stay weak for now.

December 12, 2025

Prada To Launch $930 'Made in India' Kolhapuri Sandals After Cultural Backlash

Prada will release 2,000 pairs of Kolhapuri sandals made in India for $930, after facing cultural appropriation criticism. The brand teams up with artisans in Maharashtra and Karnataka. The collection arrives in February 2026, blending Italian design with Indian craftsmanship.

December 12, 2025

Trump Unveils $1 Million Gold Card for Fast US Residency, Joins UAE Golden Visa Trend

President Trump introduced a $1 million Gold Card visa giving wealthy individuals fast US residency and citizenship paths. Similar to UAE’s Golden Visa, these programs attract top global talent and investors worldwide.

December 12, 2025

Russia's Oil Exports Plunge to Lowest Since Ukraine War Amid Sanctions and Strikes

Russia's oil exports dropped to 6.9 mb/d in November, the lowest since the Ukraine war started. Falling prices and attacks cut revenues by $3.6 billion, says IEA. US sanctions and Ukraine's strikes hit Russia’s oil trade hard.