Election Financial News

Keir Starmer described the British economy as «in a bad state» on Monday, saying his new government would make the decisions needed to bring about change. «The economy is in a bad state, I think the whole country knows that. That's why there was such a strong mandate for the incoming Labour government for change,» Starmer, who led his party to a landslide election win last week, said. «What we now have to do is to get on and deliver that change.»

Drivers for ride-hailing companies in Massachusetts are pushing ahead with what they describe as a first-of-its-kind ballot question that could win them union rights if approved by voters

bypolls held in four assembly seats in West Bengal began on Saturday, amid tight security arrangements, an Election Commission official said. The counting of votes commenced at 8 am. «We have made adequate security arrangements in and around the counting centres. Apart from the state police, central forces are also deployed,» the official told PTI. The bypolls for Maniktala, Bagdah, Ranaghat Dakshin and Raiganj assembly seats were held on July 10.

Biden on Friday said he had «a bad night» and he was «exhausted» and «sick» during his first presidential debate with his Republican rival Donald Trump. He asserted that only the "Lord Almighty" could make him drop out of the race to win the November 5 election. Biden, 81, said this in a television interview, a week after his subpar debate performance in Atlanta on June 27 against Trump, following which some of his own party leaders started urging him to step down and his approval rating plummeted. Seeking his second term from his fellow Americans, Biden alleged that Trump is a pathological liar.

₹59,931 crore worth of new projects across the country during the quarter, the lowest in over a decade and down 92% year-on-year, showed the latest data from the project-tracking database of the Centre for Monitoring Indian Economy (CMIE). The data is provisional and can be updated later. Private companies continued to lead new investments in the June quarter, but they, too, fell below ₹1 trillion for the first time since the June quarter of 2020, which saw a hit due to the covid-led nationwide lockdown.

Investor resilience was on display again in a week in which high election drama couldn’t keep the S&P 500 from doing what it’s done in nine of the last 11 weeks: go up, this time in all sessions. Even markets that initially lurched on President Joe Biden’s debate travails, such as Treasuries, calmed appreciably as economic data bolstered the case for rate cuts.

Telangana Congress MLC MS Prabhakar Rao on Saturday took a swipe at the Bharat Rashtra Samiti (BRS) claiming that the party's leaders had been «suffocating» due to lack of communication and democracy within the party. Rao who recently switched to the Congress from the BRS said that the decision of the BRS party chief was deemed final in the party, and as a result, most of the MLAs and MLCs were not allowed to speak at all. Speaking to on Saturday, Rao said, «There is a lack of democracy in the BRS party. Most of the leaders are suffocating there. It is a regional party. Whatever decision is taken by the party chief is final. So, most of the MLAs and MLCs were suffocating in this BRS party as they were not allowed to speak at all.»

British Prime Minister Keir Starmer is heading off Sunday to the four corners of the UK as part of an «immediate reset» with governments in Scotland, Northern Ireland and Wales. Starmer, who said he has a «mandate to do politics differently» after his party's landslide victory, will meet Scottish First Minister John Swinney in Edinburgh in an effort to «turn disagreement into cooperation». «That begins today with an immediate reset of my government's approach to working with the first and deputy first ministers,» he said. «Meaningful co-operation centered on respect will be key to delivering change across our United Kingdom.»

Iran's president-elect Masoud Pezeshkian said he looks forward to improved relations with European nations, even though he accused them of reneging on commitments to mitigate the impact of US sanctions. Pezeshkian on July 6 won a runoff election against ultraconservative Saeed Jalili. The 69-year-old has called for «constructive relations» with Western countries to «get Iran out of its isolation», and favours reviving the 2015 nuclear deal between Iran and global powers.

Bharat Rashtra Samithi is now faced with the defection of its MLAs and MLCs to the ruling Congress in Telangana. Till date, seven MLAs and six MLCs of BRS switched over to the Congress since the Assembly polls. Several other leaders, including BRS Rajya Sabha member K Keshav Rao, his daughter and Hyderabad Mayor Vijaya Laxmi R Gadwal, also joined the Congress. Keshav Rao has, however, quit his post after joining Congress. With the ruling Congress and the BJP looking to consolidate their gains in the Assembly and Lok Sabha polls, the BRS faces an uphill task to resurrect itself following the exodus of leaders.

banks may face modest earnings growth in the fiscal first quarter squeezed by pressures on net interest margin (NIM) mainly due to higher deposit costs. While compressed NIM can hurt profitability, this will be partially offset by loan growth outpacing deposit growth, and robust treasury earnings helped by lower bond yields and a rallying equity market for most lenders, analysts said.

HBO has released the teaser trailer for «Industry» Season 3. The upcoming season features Kit Harington as a green tech company leader aiming for a public offering.

Joe Biden has received much needed backing from an eminent American presidential historian who managed to accurately foretell outcome of nine of the past 10 American Presidential elections, as per a New York Post report. American University history professor Allan Lichtman has also advised Democratic Party leadership not to think about dropping Biden out of the Presidential election race. Lichtman also allayed fears over 81-year-old Biden's psychological fitness. While talking to CNN News Central, Lichtman cited Hillary Clinton's example as many pundits in 2016 claimed that Democratic nominee won three out of three debates and Trump's chances were thought to be diminishing. However, results of Presidential election showed that America didn't get its first women President and Trump mania roared on the ballot.

Huntington Private Bank chief economist Olu Omodunbi says the jobs report shows a slowing in the labor market on The Claman Countdown.

Voters in the U.K. are casting their ballots in a national election to choose the 650 lawmakers who will sit in Parliament for the next five years

A big gain for Tesla helped drive Wall Street to more records

Iran will not respond to pressure, President-elect Masoud Pezeshkian said in a statement published on Saturday, in which he also highlighted his country's friendship with China and Russia. Pezeshkian, a relative moderate who beat a hardline rival in elections, also reiterated that Iran does not seek nuclear weapons, adding that Tehran would expand ties with neighbours and engage with Europe. «The United States...needs to recognise the reality and understand, once and for all, that Iran does not — and will not — respond to pressure (and) that Iran's defence doctrine does not include nuclear weapons,» Pezeshkian said in the statement, titled «My message to the new world» and published in the daily Tehran Times.

Delhi Chief Minister Arvind Kejriwal's wife Sunita Kejriwal alleged on Saturday that her husband was a victim of a «deep political conspiracy» and urged the people to rally behind him or else no educated and honest person would like to join politics. In her first video message after the Lok Sabha results, she alleged that Kejriwal was arrested by the ED in the excise policy case based on a «false» statement by a witness and repeated the allegations levelled by the Aam Aadmi Party leaders against Magunta Srinivasulu Reddy (MSR), who was recently elected to Lok Sabha on a TDP ticket, and his son Raghava Magunta, an accused-turned-approver. She said Kejriwal was a normal, educated, patriotic and staunchly honest man, and no educated and honest person in the country will enter politics if Delhi people do not support him. The ED arrested Arvind Kejriwal based on the statement of TDP MP Magunta Srinivasulu Reddy (MSR). The Telugu Desam Party is a constituent of the ruling NDA, she said.

Google said on Monday it would make it mandatory for advertisers to disclose election ads that use digitally altered content to depict real or realistic-looking people or events, its latest step to battle election misinformation. The update to the disclosure requirements under the political content policy requires marketers to select a checkbox in the «altered or synthetic content» section of their campaign settings.

A few months ago, Edmundo González’s life in retirement consisted of academic conferences, visiting old friends and playing with grandchildren at his Caracas high-rise. Few in Venezuela knew him. Now, the soft-spoken 74-year-old is the opposition’s presidential candidate in the July 28 election and what analysts say could be a last hope for democracy in a country ruled for 11 years by the strongman he is challenging, President Nicolás Maduro.

Jill Biden is launching President Joe Biden's outreach to veterans and military families during a campaign swing through battleground states, drawing contrasts with her husband's Republican rival as the Biden team works to shift the conversation away from growing calls for the Democratic incumbent to drop his reelection bid after a damaging debate performance against Donald Trump. The first lady was to announce the formation of Veterans and Military Families for Biden-Harris during stops Monday in Wilmington, North Carolina; Tampa, Florida; and Columbus, Georgia. The states have large populations of veterans and military families. Her daylong tour is part of the Biden campaign's broader effort to rebound from the president's halting performance against Trump in last month's debate, which led a handful of House Democrats and others to call on Biden to end his campaign because they no longer believe the 81-year-old president is mentally and physically capable of defeating Trump in November's election.