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The article is excerpted as follows: Various signs indicate that India's economic situation is not good. The Indian government had repeatedly claimed its intention to become the world's third largest economy, but now it has no choice but to face reality. At the end of April, the International Monetary Fund lowered its ranking among the world's major economies, with India slipping to sixth place, behind the United Kingdom. The main reason for this drop in ranking is the historic plunge of the rupee's exchange rate. As the IMF uses the US dollar as the benchmark for ranking, the depreciation of the rupee has directly caused India's GDP, when calculated in dollars, to shrink significantly. Since February 28, when the US and Israel launched a joint offensive against Iran, the Indian rupee has dropped nearly 5% against the US dollar. As the world's third largest oil importer, India has been hit first and foremost by the consequences of the closure of the Strait of Hormuz. The situation is already extremely serious, with Prime Minister Modi continuously issuing warnings and calling on the population to make sacrifices, particularly to limit overseas travel and to reduce consumption of cooking oil. It is widely believed that the series of tightening policies India introduced in early May will continue. In order to reduce the ever-growing import bill due to soaring oil and gas prices, the authorities in New Delhi first imposed tariffs on gold imports, and then had no choice but to raise retail prices of refined oil products—this is the first time in four years the country has taken such measures.

Glonghui, May 30 — In the early hours of May 30 in the East 8th District, Microsoft and NVIDIA almost simultaneously built anticipation on social media for a mysterious new product set to debut next week. Pavan Davuluri, Microsoft's Executive Vice President and head of Windows and Surface hardware, posted a photo suspected to be the edge of a curved screen, with a caption saying, "A new product for developers is coming soon," and expressed excitement to meet everyone at next week's Build conference. At the same time, the official accounts of Windows and NVIDIA Geforce posted exactly the same message, which was relatively straightforward and easy to understand.

According to Jinji Finance, on May 30, a Danish pension fund managing $25 billion in assets drew attention earlier this year for selling U.S. Treasury bonds, coinciding with Trump's threat to seize Greenland. Now, the fund has announced it will not invest in SpaceX. Its Chief Investment Officer, Schelde, stated that SpaceX is not only 'severely overvalued' but also has a 'disastrous corporate governance structure.' He pointed out that Musk is expected to hold about 80% of the voting rights while simultaneously serving in multiple key roles, including CEO, CTO, and Chairman of the Board.