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Katlyn Swaffer and Maher Youssef explain how their small businesses have been impacted by inflation and call on President Biden to address the issue.

Indian government bonds eligible for inclusion in the JPMorgan Chase & Co. index look poised to deliver their best monthly returns in nearly a year, helped by fresh foreign inflows and a record central bank payout. The so-called Fully Accessible Route notes, which have no restrictions for foreigners, returned 1.3% in May so far, according to a Bloomberg index. If that result holds, it would be the best monthly performance since April 2023.

defense minister. Then the head of the ministry's personnel directorate was hauled into court. This week, two more senior military officials were detained. All face charges of corruption, which they have denied. The arrests began after President Vladimir Putin began his fifth term and shuffled his ally, longtime Defense Minister Sergei Shoigu, into a new post. It immediately raised questions about whether Putin was reasserting control over the Defense Ministry amid the war in Ukraine, whether a turf battle had broken out between the military and the security services, or whether some other scenario was playing out behind the Kremlin's walls.

«We believe that given that the budget is going to be in July, there is still a lot of steam left. Even after the election results are out, I think the run-up to the budget should be good,» says Dinshaw Irani, CEO, Helios MF. There are two factors at play, one the short-term, which is from here to the election, which is 4th of June and then what happens to the market after that. In last three-four days, we have seen a sizable comeback in the markets, defence, railways, logistics, infrastructure, anything which has got to do with policy, that sector has seen a sizable rally. Do you think markets and some of these policy stocks are now priced to perfection and they are pricing in a near-perfect election scenario? The fact is that we never took that into cognisance in the first place. What we were clear about was that we just need the government to continue. It did not matter whether they came in with a 300-plus or a 400-plus kind of majority, all we needed was them to continue and the continuity is what we were looking forward to and I think more or less that is a given.

Kyung-wha Kang, President and newly appointed CEO, Asia Society, a leading global think tank in an interview with ET's Dipanjan Roy Chaudhury described India as the fastest-growing economy with a lot more potential, and noted that India is diplomatically in a very sweet spot. All countries are courting India. And India has a greater role and greater space to have a voice in steering regional dynamics. Priority for Asia Society in India The Asia Society India Center fosters a nuanced understanding of Asia-Pacific affairs, with a focus on educational programming geared towards community-building in South Asia, and arts programming that encourages contemporary South Asian artists and engages arts enthusiasts and professionals. The Asia Society Policy Institute in Delhi, founded in 2022, conducts policy research and promotes increased awareness of India’s strategic priorities and decision-making. Building on the Asia Society India Center’s deep networks in business and arts, we’re working to foster more holistic engagement in India and South Asia.

International Monetary Fund (IMF) mission and Pakistan have made significant progress towards reaching a staff-level agreement for an extended fund facility, the global lender said on Friday. The IMF has opened discussions with Pakistan on a new loan programme after Islamabad last month completed a short-term $3 billion programme, which helped stave off a sovereign debt default.

«Selling depends on whether you have some cash on the sidelines or not, because the longer-term prospects do not change. So, if you have 10-15% cash on the sidelines, then you do not necessarily need to sell,» says Sandip Sabharwal, asksandipsabharwal.com. What a magical Buddha Purnima it turned out to be, seems like the June 4th magic was struck yesterday itself. But where from here, do you think it is as good as it gets or do you think the short covering bout and maybe some long addition has only started now and the rally could very well have more legs to go? As always, I have maintained that what the Indian markets do because most markets globally are heavily overbought in a way will depend on global cues.

Mint tracker, continuing its trend from the previous year. With a composite score of 84, out of a maximum possible score of 100, India topped the EM league table in April with a persistently strong purchasing managers’ index (PMI) in the manufacturing sector, where it has had the best reading in the rankings for 12 months in a row—and in all but three months since November 2021. All currencies in the list saw a decline against the US dollar in April.

₹416.57 lakh crore) on Thursday, coinciding with the Nifty 50 index reaching a record high of 22,993.60. Meanwhile, in morning deals today (Friday, May 24), Nifty crossed the 23,000 milestone, hitting a new high of 23004.05.According to a press release by the NSE, it took NSE-listed companies just 6 months to jump from $4 trillion to $5 trillion.

Then-President Donald Trump fired the first shots with tariffs on China seven years ago, and then Joe Biden ushered America into the new industrial policy age. Stage three, punctuated by Biden’s latest round of duties on Chinese imports, builds on the first two: using tariffs to defend US interests, with subsidies now at the core of policy and without fear of retaliation. The $31 trillion arena of international commerce has withstood a series of shocks in recent years, including the US-China trade war. This time, the linchpin is the European Union — caught between preserving its self-styled role as defender of multilateral rules and fearing the loss of millions of jobs and tens of billions in investment while the US and China wield market-distorting subsidies and tariffs.

India is nearing the end of weeks-long election battle in the world's largest democracy, job talks are taking center stage with the Prime Minister and Opposition making opposite claims. BJP, the ruling party, led by Prime Minister Narendra Modi, is talking up good signs in employment, but the opposition, especially Congress leader P. Chidambaram, isn't buying it, asking tough questions and stirring up the conversation. In a recent chat with The Economic Times, PM Modi, who is seeking to return to power for a third term, boasted about job growth in India. “Look at the indicators which prove the job generation. The returns filed by individual taxpayers more than doubled from 3.36 crore in 2013-14 to 8.18 crore in 2023-24,” Modi said. Also Read: Is India suffering from an unemployment issue? PM Modi says the country is generating jobs

Republican presidential candidate Donald Trump claimed without evidence on Thursday that immigrants from Africa, the Middle East and elsewhere were «building an army» to attack Americans «from within,» once again using inflammatory rhetoric about migrants in the U.S. illegally. During a rally in the mainly Hispanic and Black neighborhood of New York City's South Bronx, Trump sought to portray migrants from China, the Democratic Republic of the Congo and other countries as a violent threat, even as studies show immigrants are not more likely to engage in criminality.

₹90,000-mark, fuelled by a parallel rise in gold and copper prices, but market watchers warn of a pullback. India Inc's corporate results have been a mixed bag so far with banking and financial services firms dominating much of the topline growth and profits. The price of silver on India's commodity exchange, MCX, has surged past ₹90,000 per kg.

Americans got their household finances in order during the COVID recession, thanks to billions and billions of dollars in government support. By shoveling out all that relief, however, good old Uncle Sam saw his balance sheet substantially deteriorate.

ALSO READ: IndiGo's net profit doubles to ₹1,895 crore in Q4 as travel demand soarsThis comes on the day the airline announced a record profit of ₹8,172.4 crore, not just the highest for the airline but the highest for any airline in India ever. The airline announced that it is taking the next step in IndiGo’s evolution.

Canada Pension Plan Investment Board’s exposure to investments in yuan has fallen by half in just two years, as the money manager pulls back in the world’s second-largest economy because of higher risks.

Interglobe Aviation reported that its net profit more than doubled to ₹1,894.8 crore in the quarter ended March 2024. India's largest airline recently decided to purchase 30 wide-body aircraft.Also Read: IndiGo's net profit doubles to ₹1,895 crore in Q4 as travel demand soars"In a groundbreaking move to redefine business travel in India, IndiGo, India's most preferred airline, announces the plan to launch a tailor-made business product for India’s busiest and business routes," IndiGo said in a statement.‘’Considering India’s soaring economy and the evolving aspirations of Indian society, it’s time for IndiGo to redefine premium travel in India, increasing availability of this service for the nation.

The World Bank says poverty in Lebanon has tripled over the course of a decade during which the small Mediterranean country slid into a protracted financial crisis

₹2.1 lakh crore dividend to the government. This development is a significant macroeconomic positive for the market, with direct implications for the fiscal deficit and bond yields."The infusion of funds is akin to an indirect rate cut for the economy, as it is expected to lead to a reduction in bond yields.

Michael Summersgill, chief executive of the platform, argued the GB ISA was «not the right solution» to boost investment in the UK economy or revive the health of the London stock market, suggesting the «extra complexity» would only further damage an ISA system that has «already become too complicated». GB ISA panel: Success for UK equities will be in the details «Our research shows complexity deters would-be retail investors from engaging with investing altogether, meaning that over the long term there is a high risk a UK ISA would actually be counterproductive,» he wrote. «We bel...

Asian shares are trading mixed, as investor sentiment in Tokyo was boosted by news in the U.S. about soaring Nvidia earnings