Trending business and economic updates for February 2026 Trending business and economic updates for February 2026 are dominated by a landmark trade agreement, market volatility, and the rapid evolution of AI in the corporate sector. Major Trade & Global DealsIndia-U.S. Interim Trade Framework: A historic deal has been reached, expected to scale bilateral trade to $500 billion. Key highlights include the U.S. reducing reciprocal tariffs on Indian exports (such as textiles and leather) from 50% to 18%.Russian Oil Pivot: Under the new trade framework, Indian refiners like Reliance and Bharat Petroleum are reportedly cutting back on Russian oil to align with U.S. commitments, despite New Delhi maintaining that energy security remains a top prio