1.Gen Z Is Ghosting Degrees and Day Jobs to Go All in on the Creator Economy in India: Outlook Business

Gen Z in India wants to be creators. In a line, that is the conclusion of Nabodita Ganguly and Deepsekhar Choudhury’s research that appears in Outlook Business. Basis their conversations with experts on the theme and poring over reports, they write that “According to YouTube’s 2024 Culture and Trends Report, 65% of Gen Z individuals globally identify as content creators. The same report found that the phenomenon was wider among India’s Gen Zs—83% of them identified themselves as creators.”

2.FPIs infuse ₹4,223 cr in April, turn net buyers for first time in 3 months

Rs 4223 crores is the net foreign capital infused into Indian equities by foreign portfolio investors (FPIs) in April—the first net inflow in three months, PTI reported.

It comes after consistent withdrawals in January (Rs 78,027 crore), February (Rs 34,574 crore), and March (Rs 3,973 crore). The latest inflow has trimmed India’s total 2025 equity outflows to Rs 1.12 lakh crore. Analysts attribute the turnaround to a pause in Trump’s tariff plans, a weakening US dollar, a stronger rupee, and optimism around India’s trade talks and earnings growth. Still, flows may remain cautious given modest FY25 company earnings and profit forecasts.

3.The Drone Didis are taking flight

Bill Gates after his recent visit to India, waxing eloquent about another technology – drones, which India is attempting to democratise through its ‘Namo Drone Didi’ program.

“It was launched in 2023 to help rural women boost their income and boost India’s agricultural productivity—and although the program is still in its early days, I’m already impressed by its results.

Right now, the Drone Didis primarily use their flying skills to fertilize crops. Applying fertilizer via drone has a lot of benefits over doing it by hand. Since you can spray farther away from the plant, the liquid fertilizer becomes more atomized—which means that it turns into finer droplets that cover more area. This benefits both farmers and the environment, because you need significantly less fertilizer and less water to help distribute it. Plus, it’s faster. One Drone Didi can cover as much as five acres in the same time it would take five people to cover half an acre.

Every Didi is affiliated with a self-help group, or SHG. The plan is to provide nearly 15,000 drones to SHGs across India by the end of next year….Each SHG is small—most are around 12 people, although some are as big as 25—and brings together women to support each other socially and financially. They pool their savings, access microloans at lower interest rates, and solve problems in areas like health and education….Each Didi attends a training program in Hyderabad or Noida, where they are taught how to pilot the drone and apply fertilizer effectively. Other women in their SHGs are trained as drone technicians, ready to repair the machines if any problems arise.

In the less than two years, the Drone Didi program is already transforming the lives of its pilots. Kajol is using the extra income she’s earned to expand her shop offerings and build a warehouse to store her stock. She also plans to send her children to a better school. Sangita’s family couldn’t afford a bicycle before she became a Drone Didi—today, she is the proud owner of an auto rickshaw.”

4.Apple likely to ring in nearly $40 billion iPhones from India in FY26

Apple Inc’s target of iPhone production by value in India could be close to $40 billion by the end of FY26, enabling the firm to meet 80 per cent of its demand in the US and 100 per cent of growing domestic demand, according to stakeholders aware of the development. 

Discussions on this came against the backdrop of the 2025 second-quarter results call, hosted by Chief Executive Officer Tim Cook. There he said the majority of iPhones sold in the US starting April-June would come from India. This is mainly due to the US administration’s reciprocal tariffs, allowing the import of phones currently with zero duty from India while China has to pay 20 per cent, making a shift of capacity to meet US demand inevitable and cost-effective.

 As Big Tech and other firms continue to grapple with the Trump administration’s shifting tariff policies, Apple CEO Tim Cook said during the company’s latest earnings call that tariffs could cost it $900 million this quarter.

5.How Trump lost conservatives the Australian election

In Australia, this weekend, the incumbent Labor Party just smashed the opposition in a national election. Speckles, an election-forecasting croc, had a decent soothsaying record until now and on the eve of voting had suggested the opposition Liberal Party would come to power. In fact it’s all the other way around Down Under: a landslide victory for the centre-left party of Anthony Albanese, the prime minister. The Liberals’ leader, Peter Dutton, “who had dragged his party rightwards”, even lost his seat.

Australian Prime Minister Anthony Albanese, of the center-left Labor Party, also becomes the country's first prime minister to win reelection in 21 years.

The Labor Party’s comeback mirrored Canada’s vote last week, where the once-unpopular incumbents rode an anti-Trump wave to victory. Most Australians believe the US can’t be trusted as a security ally, according to recent polling, reflecting a “fundamental change in the worldview,” one analyst said. The elections signal a “revival of social democratic politics ,” a Sydney Morning Herald journalist wrote, breathing life into centre-left coalitions that at the start of the year had seemed under threat from rising right-wing populism and anti-establishment sentiment.

6.The US appeared ready to expand its support for Ukraine amid signs of growing frustration with Moscow in Washington.

American officials told The New York Times that a Patriot air-defense system currently in Israel will be refurbished and despatched to Ukraine, while the White House has prepared options for President Donald Trump to ramp up economic pressure on Russia, Bloomberg reported. Signs of a possible pivot came after Washington agreed a minerals deal with Kyiv that a Reuters columnist noted was “heavy on symbolism.” Though the Trump administration has pushed a rapprochement with Moscow since coming into office, the president has voiced anger in recent weeks with his Russian counterpart, with Ukraine arguing the Kremlin is slow-walking US-mediated peace negotiations.

7.The Oracle of Omaha retires

Famed investor Warren Buffett will step down as CEO of Berkshire Hathaway by the end of the year. The 94-year-old made the announcement at the company's annual shareholder meeting, a widely anticipated event referred to as the "Woodstock of Capitalism". Buffett seeks to install Greg Abel, vice chairman of noninsurance operations, as his replacement.

Born and raised (and still residing) in Omaha, Nebraska, Buffett took the lead at Berkshire Hathaway—then a struggling textile company—in 1970. Since then, the company has grown into a wide-ranging conglomerate with controlling shares in roughly 70 companies. Known for his dedication to value investing (which emphasizes finding undervalued stocks), the company has delivered average returns of almost 20% since Buffett took over. More recently, the company has stockpiled cash, with close to $350 bn on hand.

Buffett's longtime business partner, Charlie Munger, passed away at age 99 in late 2023. Here’s a look at what Buffett built — with his longtime business partner, the late Charlie Munger — over his six-decade run. 

5,502,284%

Overall gain from 1964 to 2024 in per-share market value of Berkshire Hathaway. (The same figure for the S&P 500 stock index, with dividends included, is 39,054%.) That translates to an annualized return of nearly 20%, almost double that of the S&P over the same period.

$1.2 trillion

The current market capitalization of Berkshire, the eighth-highest in global public markets. 

392,396

Number of people Berkshire companies employed at year-end.

8.Film industry reels as Donald Trump threatens 100% tariffs

Donald Trump’s threat to impose 100 per cent tariffs on films made abroad would be “devastating” for major Hollywood production hubs in countries including the UK, Canada, Australia and New Zealand, executives warned.

The US film industry and cinema chains would also be hit hard, with studios likely to have to swallow much higher costs and consumers could face higher ticket prices, executives and analysts said.

President Trump said on Sunday night that he wanted to introduce a “100% tariff” on any movies coming into the US because “the Movie Industry in America is DYING a very fast death”, while other countries were using “incentives to draw our filmmakers and studios away”.

9.Chinese exporters ‘wash’ products in third countries to avoid Donald Trump’s tariffs

Chinese exporters are stepping up efforts to avoid tariffs imposed by US President Donald Trump by shipping their goods via third countries to conceal their true origin. Chinese social media platforms are awash with adverts offering “place-of-origin washing”, while an inflow of goods from China has raised alarm in neighbouring countries wary of becoming staging posts for trade actually destined for the US.

The growing use of the tactic underlines exporters’ fears that new tariffs of up to 145 per cent imposed by Trump on Chinese goods will deprive them of access to one of their most important markets.

“The tariff is too high,” said Sarah Ou, a salesperson at Baitai Lighting, an exporter based in the southern Chinese city of Zhongshan. “[But] we can sell the goods to neighbouring countries, and then the neighbouring countries sell them on to the United States, and it will reduce.”

US trade laws require goods to undergo “substantial transformation” in a country, usually including processing or manufacturing that adds significant value, to qualify as originating there for tariff purposes.

But adverts on social media platforms such as Xiaohongshu offer to help exporters ship goods to countries such as Malaysia, where they will be issued with a new certificate of origin and then sent to the US.

10.How Nearly a Century of Happiness Research Led to One Big Finding

Decades of wellness studies have identified a formula for happiness, but you won’t figure it out alone.

Much of it added up to one key insight: “The clearest message that we get from this 75-year study is this: Good relationships keep us happier and healthier. Period,” he said in a TED Talk in 2015. Strong, long-term relationships with spouses, family and friends built on deep trust — not achievement, not fortune or fame — were what predicted well-being. Waldinger had worried that his big reveal was so intuitive that he would be laughed off the stage; instead, the talk is one of TED’s most watched to date, with more than 40 million views.