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By EquityPandit

WORLD

SpaceX Launches 3rd Crew in Under Year

SpaceX launched four astronauts into orbit Friday using a recycled rocket and capsule, the third crew flight in less than a year for Elon Musk‘s rapidly expanding company. The astronauts from the US, Japan, and France should reach the International Space Station early Saturday morning, following a 23-hour ride in the same Dragon capsule used by SpaceX’s debut crew last May. They’ll spend six months at the orbiting lab.


It was the first time SpaceX reused a capsule and rocket to launch astronauts for NASA, after years of proving the capability on station supply runs. The rocket was used last November on the company’s second astronaut flight. Embracing the trend, spacecraft commander Shane Kimbrough and his crew weeks ago wrote their initials in the rocket’s soot, hoping to start a tradition. “Glad to be back in space,” Kimbrough radioed once the capsule was safely in orbit.


For NASA astronaut Megan McArthur, it was a bit of deja vu. She launched in the same seat in the same capsule as her husband, Bob Behnken, did during SpaceX’s first crew flight. This time it was Behnken and their 7-year-old son waving goodbye. McArthur blew kisses and offered virtual hugs. Also flying SpaceX on Friday: Japan’s Akihiko Hoshide and France’s Thomas Pesquet, the first European to launch in a commercial crew capsule. It was a stunning scene: The launch plume glowed against the dark sky, reflecting the sunlight at high altitude. “Just spectacular,” said NASA’s acting administrator Steve Jurczyk. Elon Musk met briefly with the astronauts at NASA’s Kennedy Space Center before they boarded white gull-winged Teslas from his electric car company. The astronauts’ spouses and children huddled around the cars for one last “love you” before the caravan pulled away and headed to the pad in the predawn darkness.

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WORLD

China’s Private Factory Output Beats Forecasts Despite Trump Tariffs

Dhruva Kulkarni

China’s manufacturing activity grew at its fastest pace in four months, defying expectations ahead of Trump’s planned tariff hikes on exports to the US.  

The Caixin manufacturing PMI rose to 51.2 in March from 50.8 in February, surpassing forecasts and indicating expansion.  

Supply and demand improved, and exports grew, but the job market remained weak, and deflationary pressures persisted.

The private survey focused on small and export-driven firms and showed stronger results than the official poll.  

Despite US tariffs, China’s manufacturing sector displayed resilience, with new export sales rising at the fastest pace in nearly a year.  

Trump’s administration plans new reciprocal tariffs on 2nd April, with China warning of retaliation, adding to trade uncertainty.

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German Retail Sales Climb, But Import Costs Weigh on Outlook

Dhruva Kulkarni

German retail sales rose 0.8% in February, surpassing analyst expectations of 0.2%, but increasing import prices pose inflation risks that could impact consumer spending.

Economists remain cautious, citing weak consumer sentiment. Chief economist Alexander Krueger noted that growing job concerns are limiting spending. Unemployment increased by 26,000 in March to 2.92 million, nearing the 3 million mark for the first time in a decade.

Import prices jumped 3.6% year-over-year in February, the highest in over two years, driven by food costs. As Germany imports many raw materials, these higher costs could push inflation up.

March inflation data, set for release on Monday, is expected to drop slightly to 2.4% from 2.6% in February.

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Xi Jinping Meets Global CEOs Amid Slowing Investment

Dhruva Kulkarni

Chinese President Xi Jinping met with global CEOs in Beijing to attract foreign investment and support China’s slowing economy amid geopolitical tensions.  

Beijing faces challenges reassuring investors about its $18 trillion economy, with concerns over strict regulations, crackdowns on foreign firms, and a business environment favouring state-owned companies.  

Xi thanked foreign enterprises for contributing to trade, industry, tax revenue, and job creation. Around 40 executives, mostly from the pharmaceutical sector, attended the meeting as China seeks to reverse a sharp 27.1% drop in foreign direct investment (FDI) in 2024—the steepest decline since the 2008 financial crisis.

He emphasised the role of multinational corporations in stabilising the global economy and urged them to support economic cooperation. The meeting followed the China Development Forum, where Premier Li Qiang called for open markets amid rising global uncertainty.  

Xi has also engaged domestic businesses, including a rare meeting with China’s top tech leaders last month, signalling efforts to restore economic confidence.

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Putin Accepts Modi’s Invite to India, Preparations Begin

Dhruva Kulkarni

Russian President Vladimir Putin has accepted Prime Minister Narendra Modi’s invitation to visit India, with preparations underway, Russian Foreign Minister Sergey Lavrov announced on 27th March.

Speaking at the ‘Russia and India: Toward a New Bilateral Agenda’ conference, Lavrov confirmed that arrangements for the visit are in progress but did not disclose the dates.

He noted that Modi’s first foreign visit after his re-election in 2024 was to Russia, adding, “Now it’s our turn.” Modi last visited Russia in July 2024 after nearly five years.

On 24th March, Lavrov stated that Russia is developing a “privileged strategic partnership” with India while expanding ties with China, Iran, North Korea, and CIS nations.

In January, Putin emphasised Russia-India relations as a “special and privileged strategic partnership” in his Republic Day message to India.

Modi and Putin maintain regular communication, speaking over the phone every few months and meeting in person during international events.

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Canada Spy Agency Warns of India, China Meddling in Election on 28th April

Dhruva Kulkarni

Canada’s intelligence agency, CSIS, has warned that India and China are likely to interfere in the 28th April election, with Russia and Pakistan also posing potential threats.

The report comes amid strained Canada-India and Canada-China relations, with both nations denying the allegations. CSIS found evidence of foreign interference in the 2019 and 2021 elections but stated that the outcomes were not affected, noting Canada’s slow response.

Deputy Director Vanessa Lloyd warned that China will likely use AI-enabled tools to influence the upcoming election.

Tensions between Canada and India worsened last year after Canada accused India of an assassination plot against a Sikh separatist, leading to diplomatic expulsions.

CSIS continues to monitor foreign interference threats, emphasising the need to safeguard democratic processes and maintain public trust.

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