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The Commerce Department on Tuesday reports retail sales data for May; grocery store giant Kroger reports its first-quarter results on Thursday, and on Friday the National Association of Realtors releases its monthly snapshot of existing U.S. home sales

U.S. consumer sentiment fell in June for the third straight month as Americans took a dimmer view of their own finances and worried about persistent inflation

Cyprus says it won’t let up on a course of strict fiscal discipline while supporting economically vulnerable groups and the middle class after credit ratings agency Standard & Poors upgraded the country’s rating to BBB+ from BBB

China has kept a key lending rate unchanged despite signs of continued weakness in the second-largest economy's manufacturing and the property sectors

Since calling a general election for July 4, British Prime Minister Rishi Sunak has been at pains to repeat a key message on the campaign trail: The economy is turning a corner

A rural Florida county is hoping a new $300 million airport will transform its economy and create more than 1,400 new, high-skilled jobs

India's monsoon has delivered 20 per cent less rain than normal this season, according to the weather department. This shortfall raises concerns for the country's critical agricultural sector, which relies heavily on monsoon rains. News agency Reuters reported that as per the Indian Meteorological Department, India has received 20 per cent less rainfall than normal since June 1. Almost all regions except for a few southern states have seen shortfalls and some northwestern states experiencing heat waves, the report said. «The monsoon's progress is stalled. It has weakened. But when it revives and becomes active, it can erase the rain deficit in a short burst,» an IMD official told Reuters.

India has been on a remarkable trajectory of economic and technological growth. With a young and vibrant population, a robust tech ecosystem driving innovation and a rapidly evolving digital landscape, India has become a formidable force in the burgeoning digital economy.

Trade openness is measured as the ratio of trade to GDP. India’s is close to 50%, as per World Bank data. It used to be 7% in 1970, about 15% in 1980 and 1990, and jumped to 26% in 2000 and 49% in 2010.

Blaming corporate greed for inflation isn’t working. Hence Team Biden’s new deflection: Donald Trump would make inflation worse. The president’s chihuahuas in the press are running with the line.

IT sector is currently a dark horse, influenced more by the global economic regime than India's policy framework,” says Naveen Kulkarni, Chief Investment Officer, Axis Securities PMS. In an interview with ETMarkets, Kulkarni said: “The stock markets will likely trend upward in the next six months. The upcoming budget will be a critical factor to watch out for,” Edited excerpts:

₹2 trillion, although the interim budget for 2024-25 had a relatively modest projection, we have the fiscal space to rid this levy of its complexity and go for simplified stability. While GST slabs need a reset, we must also widen its coverage to include fuel, liquor and other stuff left out for later consideration. Since states with heavy local levies on these items had feared it would hollow out their coffers, a consensus on this is a challenge.

Also Read: Union Budget 2024: Finance Minister Nirmala Sitharaman to break Morarji Desai's THIS recordThe Indian economy is projected to grow 7.2 per cent in FY25 on the back of improving rural demand and moderating inflation, according to recent estimates by the Reserve Bank of India (RBI). The Modi 3.0 government inherits a strong economy with fiscal prudence in place with a special advantage as the RBI had announced the highest-ever dividend of ₹2.11 lakh crore for FY24.The key policy priorities for the third term of Prime Minister Narendra Modi-led government would include dealing with food inflation, unemployment, stress in the agriculture sector, job creation, sustaining capex momentum and pushing revenue growth to stay on the fiscal consolidation path.Rating agency S&P has maintained a positive stance on the economic policies followed by the Modi regime in the past 10 years.

Nirmala Sitharaman is likely to hold pre-budget consultations with industry chambers on June 20, sources said. The budget for 2024-25 fiscal is likely to be presented in Parliament in the second half of July. Industry sources said the pre-budget consultation with Sitharaman would be preceded by a meeting with Revenue Secretary Sanjay Malhotra on June 18. The 2024-25 Budget is likely to lay out Modi 3.0 government's economic agenda.

Jitendra Singh on Sunday said India is set to become the sixth country to have its own deep-sea mission. Chairing a meeting to discuss the ministry's 100-day action plan, Singh expressed pride and happiness on the progress of the deep-sea mission and India being among the very few nations to achieve this feat. He asked institutes to focus on achieving a resilient blue economy to empower people dependent on the ocean and its energy for livelihood. Singh said the deep-sea mission is not limited to mineral exploration but development of ocean sciences and exploration of flora and fauna and conservation of marine biodiversity.

It seems Canada’s largest bank isn’t expecting a whole lot of upside in the short-term from what appears to be the start of a campaign by the Bank of Canada to bring interest rates down.

When lenders size you up for a mortgage, they analyze your ratio of debt to income, down payment, credit and so on, and most people get approved.

It would seem bizarre that anyone would welcome new taxes, especially those that have to pay them. And I am guessing I am in the top one per cent of Canadian taxpayers. So, is what you are about to read an endorsement of Finance Minister Chrystia Freeland’s increase in the capital gains tax? Yes and no. The “no” is easy: We are all against new taxes. But it’s not that simple. And that’s the problem — no one is attempting to provide the whole picture, the understanding of which would help assess the merits of this particular tax initiative.

A number of analysts attribute the Bharatiya Janata Party’s (BJP) underperformance in the general election to voter unhappiness with the Narendra Modi government over unemployment, job reservations and farmer livelihoods. The Agnipath scheme of military recruitment came in for criticism during the election campaign and many political commentators expect that the new government will be compelled to make changes to it. We should view interpretations of election results with some scepticism, but it does appear that the issue of inadequate employment opportunities has bubbled up to the surface of our political ocean.

cricket match, Rashid Khan had 4/17 in 4 overs and Mohammad Nadi took 2 wickets for 16 in 4 overs to crash the Kiwi batting line-up.Gurbaz, who plays for the Kolkata Knight Riders (KKR) at the Indian Premier League (IPL), is the highest scorer at the T20 World Cup 2024 as of now. Gurbaz, who scored 39 off 32 in the IPL final, is ahead of seasoned players like Australia’s Marcus Stoinis and Travis Head. In 3 matches, the Afghan opener has scored 167 runs.Among highest individual scores, Gurbaz occupies the 2nd the the 3rd spot while Aaron Jones tops the list.

Rishi Sunak is seeking his own public mandate at next month's general election having been installed as Conservative leader and UK prime minister by his own colleagues in parliament. The 44-year-old former financier was tasked with stabilising the UK economy, and his own notoriously fractious party, when he succeeded Liz Truss in October 2022 after her 49-day premiership imploded.