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The Treasury Department has fleshed out its proposed rule that would restrict and monitor U.S. investments in China for artificial intelligence, computer chips and quantum computing

A pipeline project built with China's support that would make Niger an oil-exporting country is being threatened by an internal security crisis and a diplomatic dispute with neighoring Benin

Most of India’s 120 million farmers depend on rain from monsoons for a good harvest

electric vehicles (EVs) being imported into the European market, senior officials of both sides said on Saturday. Germany's Economy Minister Robert Habeck said he had been informed by EU commissioner Valdis Dombrovskis that there would be concrete negotiations on tariffs with China.

₹10,000 he earns as an “errand boy" is just enough to keep his family going. Not surprisingly, the educated, underemployed young man is frustrated and angry. And he is not alone—a multitude of disgruntled youth across the country find themselves in a similar predicament.

Mint on condition of anonymity that the demand-driven model in question has created conflicts in terms of how government bodies pursue space missions. “No global space economy has ever been successful without the government being the primary customer for public as well as private sector firms. In India, government departments and agencies under various ministries are conflicted regarding the allocation of funds to Isro, which is creating this said demand shortage in the market.

US - S&P 500 SPX 212415DAX 12209Nifty50 20208UKX 1247KOSPI 10196INDU 18144CAC 13172SHCOMP 11-41The risk of underperformance has diminished following the formation of a stable coalition, and FII inflows have improved this month. However, it is premature to be optimistic, as global sentiment remains mixed due to high inflation and interest rates. Moreover, the economy is expected to slow slightly in CY25, and valuations remain high.The outlook for the domestic stock market & economy is stable.

repo rate, the Monetary Policy Committee is not keeping rates unchanged, but actually raising the real repo rate, which is adjusted for inflation, Jayanth Varma, an external member of the rate-setting panel. Varma, who has expressed concerns about growth sacrifice due to restrictive monetary policy, voted for a 25-basis-point rate cut in the MPC's June policy review. Edited excerpts from the interview with Bhaskar Dutta: The RBI has been placing emphasis on the arduous and slow manner in which inflation is declining to the 4% target. Is the emphasis on reaching 4% and thus keeping rates unchanged a matter of ensuring the credibility of the monetary authority? First of all I think it is important to keep a sharp focus on the real policy rate and not on the nominal repo rate. It is a mistake to think that we are keeping rates unchanged by maintaining the same nominal repo rate; the fact is that, we are actually increasing the real repo rate. Second, there is no reason to worry about credibility at this point of time. Inflation expectations are well anchored, and the inflation targeting regime is working quite well. I do not find any merit in the proposition that an excessively high interest rate is needed to establish the credibility of monetary policy.

This article is part of Global News’ Home School series, which provides Canadians the basics they need to know about the housing market that were not taught in school.

Foreign Secretary Vinay Kwatra on Saturday highlighted the importance of Bangladesh in India's strategic plans for regional cooperation and security stating that neighbouring country is crucial for India's SAGAR (Security and Growth for All in the Region) doctrine and its vision for the Indo-Pacific region. Addressing a special press briefing on the State visit of Bangladesh PM to India today, Kwatra also stated that renewing the disaster management agreement will improve response and capacity building. Additionally, they will focus on reducing and managing disaster risks, which is a key part of the Indo-Pacific Oceans initiative. «Bangladesh is a key part of India's SAGAR doctrine and the Indo-Pacific vision. The renewal of the MoU on maritime cooperation and blue economy that was signed in exchange earlier today aims to develop our ocean-based blue economy and maritime cooperation,» said Kwatra

Swiss National Bank on Thursday and weaker than expected US data across the board, gold prices climbed to a two-week high level of $2,366 on Thursday as traders expect the US Federal Reserve to follow suit soon, more so as the European Central Bank has already begun slashing its benchmark rate. However, stronger than expected US PMIs released Friday led to a sharp decline in the yellow metal prices. Spot gold was trading at $2,319, down nearly 1.70% on the day, at the time of the MCX closing on Friday. The metal was down nearly 0.55% on the week. The MCX August contract was at Rs 71,594 (LTP), down 1.37%.

Nirmala Sitharaman on Saturday chaired a pre-budget meeting with state and union territories finance ministers at Bharat Mandapam. The meeting is organised by the Ministry of Finance and Corporate Affairs with the finance ministers of all states and UTs, along with other stakeholders, for suggestions for the upcoming Union Budget. The Finance Ministry had consulted with various stakeholders of the economy a few days ago. Sitharaman has met economists, finance and capital market experts and industry bodies. The first pre-budget meeting was chaired by the FM on June 19. The meeting was attended by Union Minister of State for Finance Pankaj Chaudhary, the finance secretary, secretaries of the departments of economic affairs, revenue, financial services and corporate affairs and the chief economic adviser.

In the SME segment, a total of seven issues will open for subscription next week.

Recently, leaders from India's corporate sector advocated for reducing the income tax burden on individuals, increasing capital expenditure, and implementing measures to control food inflation during their nearly two-hour meeting with Finance Minister Nirmala Sitharaman ahead of the Union Budget. In their pre-Budget discussions with Sitharaman, industry representatives emphasized the need for heightened focus on infrastructure development to sustain economic growth. They also highlighted the importance of bolstering the MSME (micro, small, and medium enterprises) sector, which is crucial for the Indian economy and a key source of employment.

Dividend Distribution Tax (DDT) underwent significant changes in India with the abolition of DDT in the 2020-21 Budget. Traditionally, dividends are payments made by companies to shareholders from their profits. DDT, introduced in the Finance Act of 1997, was a tax levied on these dividends distributed by domestic companies, irrespective of their income tax obligations on those profits. The decision to abolish DDT marked a substantial shift in tax policy. Previously, DDT imposed a burden directly on companies, reducing the amount of dividends received by shareholders. Post-abolition, Finance Minister Nirmala Sitharaman announced that dividends would now be taxed in the hands of the shareholders themselves. This change aimed to streamline the taxation process, making it more transparent and aligning it with international norms where dividends are typically taxed at the individual level. The economic implications of abolishing DDT were widely anticipated. By removing this tax, Indian equities were expected to become more attractive to investors. The move was seen as potentially boosting market sentiment and encouraging companies to reinvest profits back into the economy. This reinvestment could stimulate economic growth and create employment opportunities. Moreover, the abolition of DDT was expected to make India a more appealing destination for foreign investors, potentially leading to increased Foreign Direct Investment (FDI).

dollar edged higher against other major currencies on Friday, hitting a fresh eight-week high against the yen as data showed a strong U.S. economy and as the Federal Reserve's patient approach to interest-rate cuts stood in contrast to more dovish peers. U.S. business activity hit a 26-month high in June amid a rebound in employment while price pressures subsided considerably, suggesting that a recent slowdown in inflation was likely to be sustained.

Wall Street analyst has predicted that the US Stocks could drop by as much as 5% by the end of 2024 due to an overall economic gloom. Recently, it was found that consumer confidence is at its lowest level in recent times. Sam Stovall who is CFRA Research’s Chief investment strategist said there has been a recent surge in stock prices which is mostly tech-driven. He predicted that this will also fall by the end of this year after data pertaining to consumer confidence for the month of June is published. It is expected to show a slowdown in the economy. Drop in stock prices:

global economic crisis, interest and exchange rates moved steadily to make NRI deposits more rewarding. This was aided by temporary easing of interest rate flexibility, and risk provision allowed by RBI on such deposits. Finally, India has not been a contributor to global uncertainty in economic or political terms, which improves the risk profile of deposits held by NRIs in the country. These favourable influences are expected to continue, making for secular growth in India's non-resident deposits.

Also read | With premium coffees and pricey hair serums, consumer goods makers woo the well-heeledHUL’s turnover in the financial year ended 31 March increased 2.5% year-on-year to ₹59,579 crore, while profit after tax rose 1.5% to ₹10,114 crore. Volumes grew 2%.While HUL is focused on expanding its premium products portfolio, Paranjpe is hopeful of a recovery at the mass-end of the market.“It is really the mass-end of the business where inflation had squeezed discretionary incomes of people and curtailed demand.

Nasdaq and the S&P 500 slipped at the open on Friday, with focus on business survey data for more clues on the health of the world's largest economy. The Dow Jones Industrial Average rose 73.75 points, or 0.19%, at the open to 39,208.51.

«As you mentioned, valuations, the market has certainly got more expensive and the usual story certainly when overseas investors look at India and some of them compare it to the likes of China and are hoping of a broader recovery in China, you have seen a little bit of profit, yes, a little bit of switching, but not much,» says Jonathan Schiessl, Westminster Asset Management. It has been fairly volatile from that crash that we saw on June 4th, the rally that we have seen post that. What is your own estimate with respect to where the Indian market is headed because a lot of people believe that valuations are sticky, the fundamentals and the positives are baked in, but some of the stock prices continue to surprise? Jonathan Schiessl: Yes, I would agree. I think we have had a pretty impressive recovery as you mentioned from that crash just a short few days ago. The market has pushed up a lot higher and it is interesting to note the more growth orientated markets globally have really pushed up, clearly in the US for example Nasdaq, but certainly in the emerging market space India does stand out as very strong recent gains.