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The world is facing its worst five-year span in three decades. Higher interest rates have left developing countries crushed by debt, and half of the poorest economies haven’t recovered to where they were before the pandemic. Growth is weak across large swathes of the world, and inflation remains persistently high.

Catch all the latest updates on the big story at Mint's LIVE blog:Turkish President Recep Tayyip Erdogan has accused Western nations of double standards for speaking out against Iran. “Those who remained silent toward Israel’s aggressive attitude immediately raced to condemn Iran’s response," he said.Spanish Prime Minister Pedro Sanchez said Tuesday that an independent Palestinian state should be recognized as soon as possible.

https://www.rbi.org.in/. The bank categorises bank holidays into three groups— holidays under the Negotiable Instruments Act, holidays under the Negotiable Instruments Act, and Real-Time Gross Settlement Holidays. Ram Navami, one of the major Hindu festivals, commemorates Lord Rama's birth anniversary and is observed as a bank holiday in most states of the country.

A plan by Britain’s government to introduce a landmark smoking ban that aims to stop young people from ever smoking has cleared its first hurdle in Parliament despite vocal opposition from within Prime Minister Rishi Sunak’s Conservative Party

Apple CEO Tim Cook said Tuesday that he wants to further increase investment in Vietnam a day after the company announced it would spending on suppliers in the Southeast Asian manufacturing hub

India may strike a deal with Nvidia to source graphics processing units (GPUs) from the US manufacturer, and offer them to local startups, researchers, academic institutions and other users at a subsidised rate under its ₹10,000 crore Artificial Intelligence Mission, people in the know of the matter said. The plan is at a «very early stage» and a decision is likely to be made after the elections, an official said.

Lok Sabha Elections 2024: Social media platform X on April 16 said that it had restrained certain posts in India featuring political content from elected officials, political parties, and candidates for office following directives from the country's Election Commission, Reuters reported. X (formerly known as Twitter), owned by Elon Musk, expressed disagreement with the orders issued by the election commission.

Canada’s finance minister has asked former central bank governor Stephen Poloz to examine ways to entice its pension funds to invest more in the country.

As May approaches, so does the next federal holiday, Memorial Day, a solemn occasion observed on the last Monday of the month. This year, on Monday, May 27, communities across the United States will come together to honor and remember the brave individuals who made the ultimate sacrifice while serving in the country's Armed Forces.

Narendra Modi on Tuesday attacked the opposition over spreading misinformation about the Constitution and playing politics over it. While speaking in Bihar's Gaya, Modi reiterated his commitment for the constitution of the country and said, «People ask me why I care so much for the poor, the Dalits. I do so because I have risen from among them. I therefore feel indebted to this social class. I also feel indebted towards the Constitution framed by Babasaheb Ambedkar which helped me reach where I am.» Modi also added that 2025 is the 75th year of the Indian Constitution and the government will celebrate it on a similar scale as 75 years of Independence.

Bengal chief minister Mamata Banerjee said on Tuesday that if Prime Minister Narendra Modi comes to power at the Centre, there will be «no Constitution, no election in future and the federal structure will cease to exist». Banerjee was speaking at a public rally in Jalpaiguri Lok Sabha constituency's Moynaguri. «If Modi comes to power, there will be no election in future in the name of One Nation-One poll. Federal structure will not exist — there will be one nation, one poll, one man, one code and one food,» Banerjee lashed out. Banerjee also claimed that BJP will not cross the 200-seat mark in the country as opposed to what the BJP leadership claims that it will cross 400 seats. «In Bengal, we will win while Stalin will win in Tamil Nadu and Akhilesh will win in Uttar Pradesh.

Brent to $92.18 last week -its highest since October. But prices retreated on Monday after Iran's attack on Israel over the weekend proved to be less damaging than anticipated. Brent crude futures for June delivery last rose five cents, or 0.1 per cent, to $90.15 per barrel while US crude for May gained 14 cents, or 0.2 per cent, to $85.55.

Elon Musk's satellite venture Starlink is under process, and the government is examining the security aspects, according to sources. The FDI and financial aspects are in sync with the requirements and conditions, sources said, adding that the ownership 'declaration' has also been received from Starlink.

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MUMBAI : After investing about $2 billion in India last year, Swedish private equity firm EQT is lining up deals that could lead to another $5 billion worth of investments in the country this year. EQT got its first taste of India in October 2022 after it acquired Baring Private Equity Asia—which once owned Hexaware Technologies Ltd—and has since signalled a strong investment appetite for the country.

MUMBAI, NEW DELHI : Indus Towers expects Vodafone Idea to clear all its pending dues in one go, the top executive of the tower provider said on Tuesday, a day after the country's third-largest telecom operator said that the proceeds of the ₹18,000-crore follow-on public offer (FPO) would not be used for paying vendor or government dues. "We are pleased to see the positive developments on Vodafone Idea’s fundraise and expect that VI will clear over-dues of Indus in its entirety. We remain committed to supporting all our customers in their growth plans and are best positioned to do the same for VI," Indus Towers' managing director and chief executive Prachur Sah told Mint in response to queries.

UAE braces for a second wave of unsettled weather, featuring heavy rain, thunder, lightning, and possible hail on Tuesday. The National Centre of Meteorology issued a bulletin after the initial bout of unstable conditions persisted from Monday evening to Tuesday noon, urging residents to stay informed and cautious. The second wave that starts that starts today would also witness an increase in convective cloud coverage, leading to varying intensities of rainfall, a Khaleej Times report stated.

Microsoft is investing $1.5 billion in a technology firm based in the United Arab Emirates and overseen by the country’s powerful national security adviser

EQT. That in turn is translating to unprecedented deal volumes. “It's one of the most active deal pipelines we've ever had here,” said Jean Salata, Chairperson EQT Asia. “We're looking at deals worth $5 billion that could close before the end of this calendar year. It's really, it's really ramped up. A single deal we are looking at is $2. 5 billion, and there's several others that are sort of in the $1 billion range.” India has been the single largest geography for the firm’s Asian investment programme by far, representing about 40% of the total portfolio, Salata said. It’s also the strongest performing geography.

Canada’s annual inflation rate rose slightly last month, accelerated largely by higher gas prices, data showed Tuesday.

₹3.4 trillion debt while working on reducing the debt servicing obligations of the highway developer, which is also the prime agency for surface infrastructure development in the country. The Centre is in talks with the NHAI’s long-term bondholders for prepayment, the second person said, also on condition of anonymity, adding the roadmaker's interest payments are taking up a big chunk of the government’s annual budget allocations. The NHAI has raised funds through fixed coupon rate bonds with tenures of five, 10, 15, 20, 25 and 30 years.