Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:

India's contract drug makers have urged the government to remove regulatory hurdles and grant faster clearance to vital raw material imports at a time when many global pharmaceutical firms are counting on the nation to reduce their reliance on China.

The United States on Tuesday ended pollution tracking by its embassies that had been a vital source of data especially in Beijing, as President Donald Trump slashes overseas and environmental

Nuclear weapons stockpiles are rising globally, with China, North Korea, India, and Pakistan actively expanding their arsenals. A UN report warns that disarmament efforts are “eroding,” leading to increased risks.

India has the second-largest clean power capacity development pipeline globally after China, with nearly 56,000 megawatts of new renewables, hydro and nuclear capacity under construction.

US President Donald Trump on Friday announced that he will soon impose reciprocal tariffs on countries like India and China, asserting that the United States will charge the same tariffs these nations impose on American goods.

India reportedly begins exporting mechanical components for Apple products to Vietnam and China, potentially signaling an increasing development of India's manufacturing ecosystem thanks to Apple suppliers.

Analysts say China is making overtures while diplomatic tensions have risen between Bangladesh and India on a range of issues. This includes ousted Bangladeshi leader Sheikh Hasina living in exile in India.

With four factories in India, up from three last year, Crocs plans to scale up production and increase output by the end of the year.

Asian IPOs have raised far more money than American public offerings in recent years, largely due to activity in India and China. But for the momentum to continue, valuations need to become more reasonable and the IPOs on offer need to become more varied.

Global oil demand will hit a record this year as Asian countries, particularly China and India, continue to expand consumption, said the head of the world’s biggest oil producer Saudi Aramco.

The EU hopes to deepen relations with India as the bloc's relations with the U.S. sour, along with common ground on their shared concerns over China's growing influence in the Asia-Pacific,