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ETMarkets Smart Talk: RBI may hike 50-75 bps; Archit Shah on what’s next for bonds

Archit Shah, CIO at Zurich Kotak General Insurance, expects the RBI to hike repo rates by 50-75 bps towards 5.75-6% if inflation, crude, and global yields remain under pressure. Advising patience on duration, Shah recommends carry and roll-down strategies while navigating rising correlation and liquidity risks in portfolios.

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US immigration crackdown hits Kansas, disrupts beef processing

ICE operations in southwest Kansas resulted in significant labor shortages at beef processing plants and affected cattle shipments. Community organizers reported that many immigrant workers stayed home due to fears of arrest. The livestock industry has criticized the operations, stating they are causing operational chaos and increasing beef prices. As a result, slaughter numbers declined sharply in recent days, impacting supply.

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Heavy rain floods Bangkok, disrupts traffic, forces evacuations

Bangkok has been severely impacted by continuous heavy rainfall, leading to widespread flooding and disrupted traffic. More than 84,000 people have been affected by the floods across 21 provinces, particularly in the central region. Authorities have issued emergency warnings and set up shelters for residents needing evacuation. The Meteorological Department forecasts that heavy rain will persist through Sunday, raising concerns of further flooding.

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Global tourism strengthens, but rising visitor numbers fail to deliver wider benefits: WEF

Tourism is experiencing unprecedented growth, with international arrivals reaching a record 1.5 billion in 2025. Although improvements in tourism infrastructure and cultural resources have been noted, local communities are not reaping the benefits. Rising travel costs and labour shortages threaten to hinder further growth in the sector. The economic and social value generated by tourism has weakened since 2024, impacting local livelihoods.

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World Economic Forum's 2026 Travel & Tourism Index: Japan tops the list, see where India stands

Japan has achieved the top position in the World Economic Forum's 2026 Travel & Tourism Development Index. India has seen significant improvement, moving up nine places to rank 31st globally. Improvements in tourism infrastructure and cultural resources contributed to India's rise in rankings. However, challenges remain, including workforce skills and environmental sustainability issues.

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