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The American job market likely cooled last month while still remaining fundamentally healthy, which would be welcome news for the Federal Reserve in its drive to fully tame inflation

Former Kansas City Federal Reserve Bank President Thomas Hoenig reacts to Jerome Powell saying the Fed is not ready to start cutting rates on 'Cavuto: Coast to Coast.'

Q. What economic concerns are central in Britain’s 2024 election? A. Britain faces certain structural challenges now — growth is limping back to a very low level after a practically recessionary situation. It is unclear how GDP will increase. This problem is shared by other European economies and Japan as well. The United States escapes this by being a vast market with more robust demographics while Europe and Japan are ageing — one solution is immigration but it’s a highly problematic political issue in the UK. So, in Britain currently, there is no clear route to growth beyond 1% or 2% — we are not talking about anything close to the 6% or 7% seen in India.

The Biden administration is awarding nearly $2 billion in grants to help restart or expand electric vehicle manufacturing and assembly sites in eight states, including the presidential battlegrounds of Michigan, Pennsylvania and Georgia

Speaking at the ECB's annual retreat in Sintra, Portugal, Lagarde opened the three-day event with a speech titled ‘Monetary policy in an unusual cycle: the risks, the path and the costs'. She said members of the congregation agreed that the economy was «undergoing substantial change» but held «diverging views» about where it was headed to. ECB cuts interest rates for the first time since 2019 According to her «this lack of clarity presents a profound challenge for policymakers, as we must try at once to understand these transformations and to steer the economy through them». The...

The UK general election has resulted in a significant victory for the Labour Party.

Keir Starmer said Saturday that he is scrapping his predecessor's controversial policy to deport asylum-seekers to Rwanda as he vowed to deliver on voters' mandate for change, though he warned it will not happen quickly. «The Rwanda scheme was dead and buried before it started,» Starmer said in his first news conference since the Labour Party swept Conservatives from power after 14 years. «It's never acted as a deterrent. Almost the opposite.» Starmer told reporters in a wood-paneled room at 10 Downing St. that he was «restless for change,» but would not commit to how soon Britons would feel improvements in their standards of living or public services.

U.S. job openings rose slightly to 8.1 million in May despite the impact of higher interest rates

FHN Financial chief economist Chris Low and MacroPolicy Perspectives senior advisor Constance Hunter discuss whether inflation or the economy will slow down first on 'Making Money.'

commerce ministry has sought views of different departments on proposed measures to revive special economic zones and facilitate business transactions between SEZ and the domestic market, a senior official said on Monday. The official said that the ministry has suggested allowing the sale of products manufactured in Special Economic Zones (SEZs) in the domestic market on payment of duty foregone on inputs as that would help promote value addition. «The main issue in SEZs is that we are not able to get economies of scale. The connect between SEZs and the domestic tariff area (DTA) or domestic market has to be improved. There are also issues if DTA is selling to SEZs,» the official said. «So we have suggested duty foregone basis sales. There are also issues with regards to job work. For example if an IT firm has to get some work from the domestic market, they need permission. We have sent a draft cabinet note,» the official added.

critical minerals and their processing besides battery production, Commerce Secretary Sunil Barthwal said on Monday. Both countries have signed an interim free trade agreement and are in negotiations to expand that into a comprehensive pact, he said. «We are looking at how we can integrate our (India and Australia) economies in terms of battery production, in terms of mineral production, in terms of mineral processing, in terms of vehicle production,» the secretary said here at a conference on the roadmap for vehicle electrification. He also said that the government has taken a series of steps to promote domestic manufacturing of electric vehicles (EVs) and strengthened the ecosystem around that like boosting charging infrastructure.

Paradigm shifts in mainstream economic thinking usually accompany crises demanding new answers, as occurred after stagflation—low growth and high inflation—gripped advanced economies in the 1970s. And it may be happening again, as liberal democracies confront a wave of popular distrust in their ability to serve their citizens and address the multiple crises— ranging from climate change to unbearable inequalities and major global conflicts—that threaten our future.

Gavin Newsom’s yacht may be coming in after President Biden foundered last week in his debate with Donald Trump. Some Democrats are calling to replace the incumbent, and betting markets put Mr. Newsom as the favorite alternative.

personalised learning. The age-old Gurukul system in India focused intensively on curating curriculum specific to each individual’s future career pathway. The Guru had a holistic view of the Shishya’s learning goals and future career needs, and was able to modify learning outcomes for each learner.

Mahayuti coalition government in Maharashtra marks the anniversary of the completion of two years, Maharashtra Chief Minister Eknath Shinde said on Sunday that in the last two years, the Mahayuti government has done a lot of work, whether it is about roads or metros.

euro rose on Monday after the first round of France's snap election put the far-right in pole position, though by a smaller margin than projected, while a downgrade to Japan's first-quarter growth figures knocked the yen lower. Marine Le Pen's far-right National Rally (RN) party won the first round of France's parliamentary elections on Sunday, exit polls showed, although analysts noted the party won a smaller share of the vote than some polls had initially projected.

Asian stocks were subdued on Monday as traders pondered the U.S rates outlook, while the euro edged higher after the far-right won a smaller share of the vote in the first round of France's shock snap election than some polls had projected. The euro was 0.32% higher at $1.0747, while European stock futures rose 1% as exit polls showed Marine Le Pen's eurosceptic National Rally emerged ahead in the first round of the French vote but with fewer votes than some analysts had forecast.

Axis Bank may have cleaned up its bad loans and reoriented the business, but it has a long way to go in terms of market share and dominance in various segments, says chief executive Amitabh Chaudhry. The Reserve Bank of India would only tighten and not loosen regulations given the threats from technology and weak lending practices, Chaudhry tells ET. Edited excerpts:

inflation, incomplete transmission of the 250 basis point policy rate hikes since May 2022 could delay reversal of the rate cycle by the Reserve Bank of India (RBI).

ICC T20 World Cup only because of Jasprit Bumrah.

Jasprit Bumrah, nominated as the 'Player of the Tournament' in the 2024 T20 World Cup, garnered widespread acclaim from fans and an especially heartfelt tribute from his wife, broadcaster Sanjana Ganesan. Following India's historic victory over South Africa in the final match held in Barbados, Sanjana took to Instagram to laud Team India and, notably, her husband Bumrah.