Thu May 29 08:50:00 UTC 2025: Here’s a news article summarizing the provided text, focusing on major events and economic trends:

**Global Economic Landscape Shifting as US Clashes with Allies, Tensions Rise in Gaza**

**New York/London/Toronto/New Delhi -** The global economic and political landscape is in flux, with several significant events making headlines. The Economic Times reports on a range of issues, from corporate leadership changes in India to international disputes and breaking news from conflict zones.

In India, all eyes are on the transition at Nestlé India, where the new CEO, Tiwary, inherits the challenge of tackling slowing growth after Narayanan’s tenure navigating the Maggi crisis. Meanwhile, questions are being raised about the Reserve Bank of India’s dividend payout and whether a revised economic capital framework will benefit the government. Elsewhere in the Indian market, analysts are advising caution on mid-cap stocks despite robust results.

Across the globe, tensions are escalating. The US has slapped new visa bans on foreign nationals, prompting a stern warning from China. The White House is also taking aim at Harvard with funding cuts. In the Middle East, Israeli Prime Minister Netanyahu has confirmed the elimination of Mohd Sinwar in Gaza. News is developing out of Gaza as there are some conflicts regarding foreign aid.

Economic power plays are evident as well. King Charles delivered a speech but PM Carney’s speech to US is still the main message on peoples minds. The US is scrutinizing Microsoft, raising questions about its investment safety. Elon Musk’s ventures are also facing headwinds, with Tesla experiencing shrinkage and Ola sinking in value. In the other news, SpaceX Starship explodes mid-flight over Indian Ocean.

The Economic Times app provides daily updates on these and other international news events, covering the US, UK, Canada, and beyond.

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