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Trump Urges India Stop Buying Oil From Russia, Palantir Hits Record Revenue | The Opening Trade 8/5
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August 5, 2025
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1:35:35Now PlayingIndian Prime Minister Narendra Modi's government hasn’t given India’s oil refiners instructions to stop buying Russian oil, and no decision has been taken on whether to halt the purchases, people familiar with the situation told Bloomberg, asking not to be named due to the sensitivity of the matter. Modi struck a defiant tone in the face of US President Donald Trump’s tariff threats, urging the nation to buy local goods as his administration signaled it would continue buying Russian oil.
Palantir Technologies’ unstoppable rally the past year has yielded more than sixfold gains for investors. The firm reported a 48% increase in second-quarter revenue as it topped $1 billion in a quarter for the first time, saying artificial intelligence was having an “astonishing impact” on its business.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Kriti Gupta, Oliver Crook and Valerie Tytel.
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