Discounts on Russia’s Urals crude widened last week for the first time since the Iran war began, as traders reassessed how quickly Middle East supply tensions might ease and what that means for competing barrels. Bloomberg, citing Argus Media data, said the average markdown on…
The Defence Ministry is moving closer to bringing its procurement payments onto the Trade Receivables Discounting System, or TReDS, in a bid to speed up settlements for MSMEs and start-ups and ease persistent working-capital pressures in the supply chain. According to the Hindu BusinessLine report,…
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Bitcoin's rally accelerates as geopolitical tensions and US policy signals reshape crypto landscape
Bitcoin extended its recent rally on Sunday after Donald Trump rejected Iran’s latest peace proposal, with traders again treating the cryptocurrency as a beneficiary of geopolitical stress rather than a casualty of it. The move briefly shook the market. Bitcoin slipped from about $81,400 to $80,500 within 45 minutes of…
The diplomatic choreography around this week’s expected Trump-Xi summit is exposing how much wider the agenda has become than traditional trade friction. Before U.S. President Donald Trump sits down with Chinese President Xi Jinping in Beijing later this week, Washington is dispatching senior officials across…
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AI-driven procurement strategies shift focus from speed to smarter decision-making amid commodity volatility
Commodity volatility is forcing retail and consumer goods procurement teams to think more like strategists and less like price negotiators. In a market shaped by erratic input costs, supplier disruption and shifting commercial pressures, the function is increasingly being asked to protect margin, preserve supply and influence downstream pricing decisions…
Tata Steel Nederland advances recycled steel innovation in European project to boost sustainability
Tata Steel Nederland is stepping up work on recycled steel for cars and household appliances through a European research project that it says could help make high-grade steel from scrap without sacrificing performance. The Dutch steelmaker is one of 13 partners in CiSMA, short for…
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View AllManufacturers face legal pitfalls as AI predictive maintenance shifts from pilot to critical infrastructure
AI-driven predictive maintenance is moving quickly from pilot projects into the daily machinery of manufacturing and supply chains, and the appeal is obvious: fewer breakdowns, better planned servicing and longer life for expensive equipment. In plants running stamping presses, welding robots and CNC machines, even a short unplanned stoppage can…
Supplier diversification has moved from being a prudent safeguard to a defining feature of modern procurement. For importers, SME owners and sourcing teams managing overseas production, the question is no longer simply how to shave a few cents off unit costs. It is how to…

