Country Financial News

I recently had a quick chat with a young friend of mine who works in the public sector and leans heavily left, so we often get into friendly but lively debates about tax and economic policy. The topic d’jour, of course, was the proposed capital gains inclusion rate increase.

₹6,177 per barrel on the multi-commodity exchange (MCX).Also Read: OMCs to hold petrol, diesel prices in Q1FY25; dismal earnings eyed over revised margins: Kotak's Sumit Pokharna-US crude stocks jumped by 1.2 million barrels in the week to May 31, compared with analysts' estimates for a draw of 2.3 million barrels, according to data from the US Energy Information Administration (EIA). However, the build was below the American Petroleum Institute's reading of an increase of more than four million barrels.-Gasoline inventories rose by 2.1 million barrels versus expectations for an increase of two million barrels, adding to demand concerns as the week reflected fuel usage around the Memorial Day holiday, which is traditionally viewed as the start of the US summer driving season.-The price drop follows the recent policy verdict of the Organization of the Petroleum Exporting Countries and its allies (OPEC+).

judgment that the U.S. fast food giant failed to prove that it was genuinely using the Big Mac label over a five-year period for chicken sandwiches, poultry products or restaurants.The Big Mac is a hamburger made of two beef patties, cheese, lettuce, onions, pickles and Big Mac sauce.

A California Chipotle erupted into chaos on May 31 as a trio of customers started throwing food at employees. (Storyful)

China announced plans on Wednesday to better measure the carbon content of its products — a key step in reaching its own climate goals and meeting tougher carbon standards overseas.

below 30 and worried about high rents, ballooning student debt high university fees and lackluster nightlife in your place of dwelling? This is for you. Lithuania has been ranked in the first position in the World Happiness Report 2024 of those under 30. In the overall report, Lithuania was ranked 19. It is low rent, free education and a vibrant nightlife that has made it the happiest destination for those below the age of 30 and children. Life in this European capital which is also a start-up destination for many has many advantages.

National Democratic Alliance (NDA) headed by the Bharatiya Janata Party (BJP) unanimously selected Narendra Modi as the grouping's leader, paving the way for his return as Prime Minister of India for a historic third term in a row.

Accenture has signed a three-year partnership with Major League Cricket Champions MI New York, where it will serve as its principal partner. Under the partnership, the Accenture logo will be visible on the front of MI New York match and training jerseys.

Muslim candidates across the country have won the Lok Sabha elections and they include former cricketer Yusuf Pathan of the Trinamool Congress from Bahrampur in West Bengal and Congress' Rakibul Hussain from Dhubri in Assam. However, the community's presence in the 18th Lok Sabha has reduced marginally from 26 last time but is higher than the 2014 tally when 23 Muslim candidates were elected to the lower house of Parliament.

SAINT-LÔ, France—On the evening of June 6, 1944, U.S. Air Force bombers appeared in the skies over this town in Normandy, targeting a command center of the occupying German army. The Americans had dropped leaflets warning civilians to evacuate, but the wind blew them astray.

Homeowners including residential real estate investors are being negatively impacted by higher interest rates, as price increases are slowing year-over-year.

Ray Dalio said internal conflicts will be the “highlight of this year,” particularly on the issue of whether the US election result will be accepted by both parties. The policies from an administration run by Donald Trump would be very different from a Democratic one, Dalio said during a video speech at the Greenwich Economic Forum in Hong Kong Wednesday. However, on anti-China policies, there’s broad agreement between the two parties.

China on Wednesday congratulated Indian Prime Minister Narendra Modi following his election win, adding it was «ready to work» with its neighbour.

BJP, having secured more than 272 seats on its own in both 2014 and 2019, was not concerned with political stability. However, in his first speech after the results on Tuesday, Modi emphasized that India would continue to look outward, seeking to integrate into global value chains and assist countries in need. For the world, Modi is someone they have engaged with for the past decade, someone they have done business with and hence predictable to work with.

As India looks set for a third Lok Sabha term under the leadership of Prime Minister Narendra Modi, the nation is poised to solidify its status as a global climate leader. India’s rising role in global environmental stewardship will be driven by the PM’s visionary ‘Panchamrit’ strategy. This initiative, combined with India’s impressive climate action, can set a benchmark for the world in sustainable development and innovative solutions.

gold in the last one week has been 0.96% whereas in the last month it has been -0.36%.The cost of silver is Rs.88930.0 per kg down by Rs.1470.0 per kg.Gold Price in Delhi: Gold Price Today in Delhi is ₹74200.0/10 grams. Yesterday’s Gold Price on 04-06-2024 was ₹73948.0/10 grams. and last week’s gold price on 30-05-2024 was ₹74658.0/10 grams.Silver Price in Delhi: Silver Price Today in Delhi is ₹88930.0/Kg.

ANI report.“Not ruling out using US military force. There's a distinction between deploying on the ground, air power and naval power," he said during the exclusive interview conducted at the White House on May 28, as quoted by ANI.Biden also said that he had communicated to Chinese President Xi Jinping that the United States would not seek independence for Taiwan, which was in line with Washington's long-standing agreement with Beijing.

Investor sentiment is fragile as Asian markets reach the mid-point of the week, with bubbling angst and political volatility across the emerging world compounding deepening concern over U.S. and global economic growth. Indian assets, in particular, have been on a wild ride this week in response to the country's general election result, a strong safety bid is driving the Japanese yen higher, and regional stocks are now down four out of the last five days.

India's economic fundamentals remain robust, investment bank Nomura said on Wednesday after the results of the country's general elections paved the way for Prime Minister Narendra Modi's third consecutive term in office. Modi is poised to form the government for a third consecutive term with the BJP-led National Democratic Alliance (NDA) getting a majority in the Lok Sabha, notwithstanding crushing losses in three Hindi heartland states after a bitterly fought election that was projected as a referendum on his popularity.

Mexico's treasury secretary has pledged to bring down the budget deficit in coming years, after the country suffered a partial meltdown in the currency and stock market

Just back from a visit to Ukraine, a U.S. Treasury official is describing a country whose wartime economy has proven resilient in the face of Russia’s invasion, and he says U.S. and allied budget assistance is designed to help Ukraine combat corruption...