President Financial News

South Delhi will now receive water only once daily instead of twice, as part of a water rationing strategy announced by Water Minister Atishi on Tuesday. This decision affects areas like Greater Kailash, Lajpat Nagar, Panchsheel Park, Hauz Khas, Chittaranjan Park, and nearby locations. The change will remain in effect until the water supply situation improves. «I know that where water is being supplied twice a day, people will be troubled if it is cut off for once a day, but I appeal to all Delhiites that we should not think only about ourselves. We should think about everyone,» minister Atishi said. North and South West Delhi, including Mehrauli and Chattarpur, are also facing significant water challenges this summer amid a prolonged heatwave in northwest India as temperature in outskirts of Delhi soared closer to 50 degrees. The situation has been exacerbated by Haryana's cessation of Yamuna water releases to Delhi since the beginning of May, the minister claimed.

Nawaz Sharif has admitted that his country “violated" a peace agreement with India in 1999.This disclosure came as Sharif assumed the Pakistan Muslim League's (Nawaz) presidency, six years after being disqualified by the country's Supreme Court.“On May 28, 1998, Pakistan carried out five nuclear tests. After that Vajpayee Saheb came here and agreed with us. But we violated that agreement...

Americans expect more federal student debt forgiveness in a survey conducted by the Federal Reserve Bank of New York last month.

Inflation has declined to the lowest point in three years, and the federal government has created the economic conditions that would allow the Bank of Canada to cut interest rates when it meets next week on June 5, says Deputy Prime Minister Chrystia Freeland.

Volodymyr Zelenskyy received a second $1-billion promise of military aid in as many days on Tuesday during a whirlwind tour of three European Union countries, even as President Vladimir Putin warned that hitting Russian soil with Western-supplied weapons could set the war on a dangerous new path. The aid pledge for 2024 came from Belgium, which topped up the money with a commitment to give Ukraine 30 F-16 fighter jets in the next four years. «Our task is to use the first F-16 on the battlefield this year and in such way that it will fortify our positions,» Zelenskyy said.

Treasuries fell and stocks churned after a pair of weak US bond sales, with traders also weighing mixed economic data and remarks from Federal Reserve speakers that will help shape the outlook for rates.

Steward Partners is strengthening its profile in Florida as it welcomes a women-led practice from Merrill Lynch.

'Going to bed': Joe Biden jokes about rushing to nap between presser in VietnamSome even poked fun at Joe Biden saying that “defending democracy is tiresome", some called him a “disgrace" to America and others said he's “unfit" to be a President.“Today, Joe Biden fell asleep during a memorial ceremony to honor our fallen heroes. We owe these brave service members and their families a profound apology for Biden’s embarrassing behavior," an X user said.Also Read | Elon Musk taunts Joe Biden as ‘sleeping’ for ignoring SpaceX successBefore the Memorial Day service, Joe Biden was joined by Vice President Kamala Harris and Defense Secretary Lloyd Austin to place a wreath at the Tomb of the Unknown Soldier.

Cuba on Tuesday, in a move designed to boost private businesses on the island. The measures will allow independent entrepreneurs to open and access U.S. bank accounts online to support their businesses.

Dominari Financial CEO Kyle Wool discusses Federal Reserve policy, stock performance and top IPOs on 'The Claman Countdown.'

PayPal hopes to boost its growth by starting an ad network juiced with something it already owns: data on its millions of users. The digital payments company plans to build an ad sales business around the reams of data it generates from tracking the purchases as well as the broader spending behaviors of millions of consumers who use its services, which include the more socially-enabled Venmo app. PayPal has hired Mark Grether, who formerly led Uber’s advertising business, to lead the effort as senior vice president and general manager of its newly-created PayPal Ads division.

With stubborn inflation and higher costs, layoffs at small businesses are sometimes a necessity

Russia and Uzbekistan have signed an accord for Moscow to build a small nuclear power plant in the Central Asian country

Karnataka Home Minister G Parameshwara on Tuesday said Chief Minister Siddaramaiah and State Congress chief D K Shivakumar should consult senior party leaders like him regarding selection of candidates for the MLC polls. The statement comes against the backdrop of Siddaramaiah and Shivakumar's trip to New Delhi today to discuss with the party high command candidates for biennial election to 11 seats of Karnataka Legislative Council on June 13. «The Chief Minister and KPCC President are in responsible positions. It is appropriate if they consult seniors like us. Without consulting if they both decide on their own, it is not right according to me. Those with seniority and experience, both in the party and the government and having contacts, should be consulted. They have to discuss with us,» Parameshwara said.

Karnataka Congress President D K Shivakumar on Tuesday said that the party leadership is in a «difficult position» as there are more than 300 ticket aspirants for the upcoming legislative council elections in the state. Shivakumar, who is also the state's deputy chief minister, said the party high command will decide on the tickets. Biennial elections to 11 seats of the Karnataka Legislative Council to be elected by Members of the Legislative Assembly will be held on June 13. As per the existing strength of parties in the assembly, the Congress can win 7 seats, the BJP three and JD(S) one seat. Chief Minister Siddaramaiah and Shivakumar today left for New Delhi to discuss candidates with the Congress high command. The schedule for filing nominations for the MLC election has already begun, and it will go on till June 3.

Congress president Mallikarjun Kharge dismissed the BJP's '400 paar' claim as «bakwas», or nonsense and said the party will not cross 200 seats in the Lok Sabha polls. Addressing the media in Amritsar, Kharge said the BJP's seats were declining as compared to the last elections while the Congress and the INDIA bloc were making gains. The BJP-led National Democratic Alliance has been claiming that it will get over 400 seats in the Lok Sabha elections. Replying to a question on it, Kharge asked the basis of such claims by the BJP.

Federal Reserve Bank of Cleveland President Loretta Mester said the US central bank should consider ways to better communicate to the public how economic conditions will affect future policy decisions.

—Vangmayi ParakalaA while ago, I embarked on an exercise I call “The Agatha Christie Project" in my head. I re-read a Christie novel, watch available adaptations, and listen to the related episode on All About Agatha, a podcast dedicated to discussing every novel and short story written by the Queen of Crime. As far as Christie podcasts go, this is the definitive one, going into the minutest details of every mystery and ranking each novel for elements like plot mechanics, plot credibility, characterisation, setting and tone and how stuck in its time it is.

Ayatollah Ali Khamenei, the lead-up to the early vote on June 28 has prompted a diverse array of hopefuls from various political factions to enter the fray.The registration for presidential candidates will start on Thursday.Iranian lawmakers on Tuesday reaffirmed their choice of former Revolutionary Guards commander Mohammad Baqer Qalibaf as the speaker of parliament. Qalibaf had been touted as a potential candidate in the presidential race by insiders and Iranian state media, AP reported.Also Read: Who was Ebrahim Raisi? Protégé of Iran's supreme leader Ali KhameneiUltraconservative Raisi, who had over a year remaining in his first term, passed away on May 19 in a helicopter crash, along with his foreign minister Hossein Amir-Abdollahian and six others.

Advocates say they won't slow their efforts to unionize college athletes even with the NCAA’s agreement this week to allow players to be paid from a limited revenue-sharing pool

Nigeria’s government is cracking down on illegal mining, making dozens of arrests of unlicensed miners since April for allegedly stealing the country’s lithium, a critical mineral used in batteries for electric vehicles, smartphones and power systems