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Editors Pick

On this May Day 2026, the traditional celebration of labor confronts a chilling economic reality: the “Capitalist Loop” is expiring. With global populations peaking and Goldman Sachs predicting 300 million jobs exposed to AI, the world is entering an era of “Degrowth.” As humanoid robots reach a price point of $20,000, undercutting human labor by 90%, a central paradox emerges: if machines do the work and owners take the profit, who earns the income to buy the output? From Japan’s “profit concentration” model to the rise of the State as Buyer of Last Resort, we explore the five remaining sources of global demand and the uncomfortable necessity of rewriting the rules on taxes, ownership, and UBI.

Gujarat’s local body election results have delivered a strong political message, with the BJP sweeping urban corporations, dominating municipalities and panchayats, and tightening its grip across the state, while Congress has suffered a sharp collapse and AAP managed only scattered, symbolic gains. The outcome is being seen as the first major political signal ahead of the 2027 Assembly elections.

Gujarat’s local body verdict

Varun Chakravarthy (3/14) returned with three wickets after Shivam Dube (66) shone in the first innings as India topped Group A with a 17-run victory over Netherlands in the T20 World Cup here on Wednesday.After posting 193/6, India restricted the Dutch to 176/7 in 20 overs to record their fourth win in a row in the tournament.

Around a dozen MoUs, defence ties in the wake of the new Rafale deal, and trade talks, besides discussions on a range of sector will take centre stage as Prime Minister Narendra Modi meets French President Emmanuel Macron in Mumbai today. The two leaders are set to review progress in the India-France strategic partnership and chart the course for future cooperation. 

Ishan Kishan’s explosive 77-run knock and a clinical bowling masterclass from Varun Chakaravarthy led India to a dominant 61-run victory over arch-rivals Pakistan at the R. Premadasa Stadium. Defending a target of 176, the Indian attack dismantled the Pakistan lineup for just 114 runs, maintaining their unbeaten streak in the T20 World Cup 2026 and officially securing a place in the next round.