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Putin began his fifth term Tuesday as Russian leader at a glittering Kremlin inauguration, setting out on another six years in office after destroying his political opponents, launching a devastating war in Ukraine and concentrating all power in his hands. Already in office for nearly a quarter-century and the longest-serving Kremlin leader since Josef Stalin, Putin's new term doesn't expire until 2030, when he will be constitutionally eligible to run again.

economic growth is faltering. For decades, the rapid inflow of migrants helped countries including Canada, Australia and the UK stave off the demographic drag from aging populations and falling birth rates. That’s now breaking down as a surge of arrivals since borders reopened after the pandemic runs headlong into a chronic shortage of homes to accommodate them. Are you immigration ready? Find out Canada and Australia have escaped recession since their Covid contractions, but their people haven’t with deep per-capita downturns eroding standards of living. The UK’s recession last year looked mild on raw numbers but was deeper and longer when measured on a per-person basis.

Rabindranath Tagore's birth anniversary to Border Roads Organisation (BRO) raising day, several incidents are celebrated on May 7, every year. The day also marked a phenomenal development in geopolitics as Vladimir Putin became the President of Russia for the first time on May 7, 2000. Take a look at the key events that were held today in past.

Grant’s Interest Rate Observer founder and editor Jim Grant discusses the financial instability the Federal Reserve is facing on ‘Maria Bartiromo’s Wall Street.’

Global Infrastructure Partners and Canada Pension Plan Investment Board agreed to acquire Allete Inc., a Minnesota-based utility owner, for about US$3.9 billion.

Hundreds of Indians had dropped their plans to visit the Maldives after three Maldivian officials made derogatory comments on India and PM Modi after the latter posted photos of Lakshadweep Islands on his X handle. Since January, the number of tourists visiting the island nation declined by 42 per cent.

Bitcoin falls 5% to $57,000 ahead of Fed decision, slumps 16% in April The employment report from the Labor Department indicated that the U.S. economy saw a lower-than-anticipated increase in job numbers, accompanied by a slight uptick in the unemployment rate and an unexpected slowdown in wage growth. “The crypto market has rebounded from last week’s dip on the back of the recent US jobs data that was much lower than the forecasts and signals towards a slowing economy.

India is on track to become the third largest consumer market in 2026, overtaking Germany and Japan, as people in the affluent category increase, UBS said in its latest report released Monday. “As of 2023, there were an estimated 40 million people in India (4% share in the population of 15 years and above) in the affluent category (annual income above $10,000), and these will likely more than double in the next 5 years,” UBS said, highlighting 88 million people with over $10,000 annual income by 2028. The investment bank noted that consumption growth will likely remain muted at 4-5% in the current and next fiscal and below the 6.5-7% average annual growth witnessed during FY11 and FY20.

European Commission President Ursula von der Leyen said on Monday that the EU would not shrink back from taking tough measures to protect its economy and security, amid tense trade relations with China. «China that plays fair is good for all of us,» she said following trilateral talks in Paris with Chinese President Xi Jinping and French President Emmanuel Macron. «Europe will not waver from making tough decisions needed to protect its economy and its security,» she said. «We will defend our companies, we will defend our economies.»

financial year 2024-2025, all eyes are on the Reserve Bank of India and its actions that will shape the country's economic landscape. With the first monetary policy committee meeting for FY25 being on the hawkish side, the market is eager to gauge how and when will the central bank's stance change amidst the inflationary pressure sustaining.

₹60,000 per 10 grams to ₹71,132 per 10 grams. On April 12, they touched a record high of ₹73,958. This unprecedented surge in gold prices indicates heightened global uncertainty, driven by factors such as trade tensions, financial conflicts among global major powers, record-high interest rates in advanced economies, and ongoing wars, particularly in the Middle East.

Read the full story here.)Sensex Today Live : Indian markets were expected to start on a positive note, following global peers higher as colling wages in the US firmed up anticipation of a sooner rate cut by the US Federal Reserve.Gift Nifty futures were trading at 22,686, around 200 points ahead of Nifty 50's Friday close of 22,475.Asian stocks rose on Monday on renewed bets that the Federal Reserve would likely ease rates this year, while the yen weakened after a strong surge last week from Tokyo's suspected currency intervention.Trading was thinned in Asia with Japan out for a holiday, though markets in mainland China got off to an upbeat start after returning from an extended break.MSCI's broadest index of Asia-Pacific shares outside Japan edged more than 0.5% higher, while China's blue-chip index gained 1.4%.Chinese shares offshore posted strong gains last week while mainland markets were closed from Wednesday to Friday for the Labour Day holiday.Hong Kong's Hang Seng Index rose 4.7% last week and on Friday clocked its longest daily winning streak since 2018. It was last down 0.2%.The Nasdaq-listed Golden Dragon China Index jumped 5.5% last week.Similarly, in currency markets, the offshore yuan was last roughly 0.1% lower at 7.2013 per dollar, after strengthening more than 1% last week, in part due to a broadly weaker dollar.The People's Bank of China on Monday also lifted its official yuan midpoint to the highest in three weeks, catching up with movements offshore.

Goa Chief Minister Pramod Sawant says the BJP will cross the 50% vote share mark in South Goa, a seat the ruling party lost last elections. In an interview with Himani Kothari, the CM calls the BJP a secular party and talks about what his government is doing to ensure Goans always have a place in Goa. Edited excerpts: Q. How has Goa benefitted over the last 10 years because of a double-engine government? Goa has got direct benefit of over Rs 35,000 crore – from infrastructure to the various schemes. Q) How confident is the BJP about winning both the seats? We are 100% confident. We’re winning with 100,000+ margin in North Goa and in South, it would be a margin of 60,000+ votes.

Asian stocks rose on Monday on renewed bets that the Federal Reserve would likely ease rates this year, while the yen weakened after a strong surge last week from Tokyo's suspected currency intervention. Trading was thinned in Asia with Japan out for a holiday, though markets in mainland China got off to an upbeat start after returning from an extended break.

How much that extra cash gives them confidence to spend more — a phenomenon economists call the wealth effect — is a hot topic whenever crypto prices are surging. A group of researchers tried to quantify it and determined that crypto bonanzas in the US aren't exactly spent like windfalls from winning the lottery. And so far, the effect has been relatively modest on the $28 trillion American economy. But if the asset class continues to boom, the study provides insight on potential game-changers in consumer patterns.

By many measures, the new Palestinian Authority in the West Bank is just what the US and others want for a future Palestinian state that could extend its rule to a post-war Gaza: a modern, technocratic group focused on solving problems.

Saudi Arabia posted a budget deficit Saudi Arabia posts budget deficit of $3.30 billion in first quarter of Saudi Arabia posts budget deficit of $3.30 billion in first quarter of 12.387 billion riyals ($3.30 billion) in the first quarter of 2024, the finance ministry said on Sunday, after lower oil revenues and increased spending weighed on the economy. The kingdom needs to spend hundreds of billions of dollars to fund giga-projects aimed at weaning the economy off oil and to boost tourism and the private sector.

Treasury Secretary Janet Yellen argues that a fractured democracy can have destructive effects on the economy

Stocks closed sharply higher on Wall Street, erasing their losses for the week, after the government reported a cooldown in hiring last month

Stocks closed sharply higher on Wall Street, erasing their losses for the week, after the government reported a cooldown in hiring last month

The historic Kashan bazaar in central Iran once sat on a major caravan route, its silk carpets known the world over