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Arresting rupee’s fall: India eyes cut in taxes on bond investments by foreigners
The proposal was suggested by the Reserve Bank of India and is currently under active consideration by the Finance Ministry, sources said. Talks around reducing taxes for overseas investors have accelerated amid efforts to slow the rupee’s decline, they added.
Finance ministry says report on Dar being handed budget-making process 'misleading, incorrect'
The Ministry of Finance said on Thursday that a media report claiming Deputy Prime Minister and Foreign Minister Ishaq Dar had been handed the budget-making process was “misleading” and “factually incorrect”. The clarification came after a report published by The Express Tribune said the government had “handed over the responsibility of making the new budget to Dar after it found the initial work below par”. According to the report, Prime Minister Shehbaz Sharif had constituted a Dar-led committ...
Reeves warns against risks to economic stability after surprise March growth
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Reeves says ‘if economy ain’t broke, don’t fix it’ - as fight to keep her job goes on
Whoever wins the Labour leadership tussle, the chancellor’s prospects for staying inpost have risen given the surprise GDP boostBusiness live – latest updatesUK economy records surprise 0.3% growth despite Iran warThe message from Rachel Reeves is clear. After Britain’s economy defied the predictions for a slump in March, despite the fallout from the Iran war, why put things at risk with a roll of the dice in domestic politics?Responding to bumper growth of 0.3% in March – much stronger than Cit...
India Calls For UN Reforms, Gaza Ceasefire At BRICS Foreign Ministers' Meet
Jaishankar opened his address with a frank assessment of a deteriorating global landscape. Conflicts, climate events, and the Covid pandemic, he said, had been "key contributory factors" to widening vulnerabilities.
India’s wholesale inflation jumps to 8.3% in April as fuel, crude oil prices surge
India's wholesale inflation surged to 8.30% in April 2026, a significant jump from March's 3.88%. This spike is primarily attributed to soaring fuel, power, and crude oil prices, exacerbated by the West Asia crisis. Mineral oils, basic metals, and manufactured products also contributed to the rise, impacting various sectors.
‘Inevitable’ jet fuel shortages will drive up air fares this summer, says Willie Walsh
Impact of disruption caused by US-Israeli war on Iran may be felt into 2027 even if strait of Hormuz reopens, says aviation body headIncreases in air fares for travellers in Europe are “inevitable” over the peak summer period because of the high cost of jet fuel, according to the head of the international aviation body.While some airlines faced with weak demand have reduced their European fares recently, Willie Walsh, the former British Airways boss who leads the International Air Transport Asso...
PM Shehbaz says efforts now needed to turn Pakistan into an 'economic power'
Prime Minister Shehbaz Sharif said on Thursday just as Pakistan had emerged as a nuclear power, efforts were now needed to turn it into an economic power. The premier expressed these views while addressing a federal cabinet meeting in Islamabad, where he also spoke about May 28. On May 28, 1998, Pakistan joined the ranks of nuclear powers after atomic tests in the hills of Chagai, Balochistan. In his address, PM Shehbaz said on that day, Pakistan gained a power that would remain a “defensive ass...
Polish Economy Slows in Early 2026, Casting Doubt on Rates Path
Poland’s economy slowed in the first quarter as an unusually long winter freeze curbed activity in the construction sector, with fading momentum likely to increase uncertainty over central bank policy.
Brookfield Nears $935 Million Loan for World Freight Purchase
Brookfield Asset Management Ltd. is close to securing a $935 million loan to back its purchase of air cargo specialist World Freight Co., according to people familiar with the matter, the latest in a recent spate of acquisition financings in Asia.
Mel Stride slams Rachel Reeves’s ‘absolutely abysmal’ record despite GDP win for Chancellor
Sir Mel Stride has slammed Rachel Reeves’s “absolutely abysmal” record on the economy, despite new data showing the UK's gross domestic product (GDP) rising. Speaking to GB News, the Conservative Shadow Chancellor said he “disputed” that his opposite number was “responsible in any way for a strong economy”. This morning, fresh figures from the Office for National Statistics (ONS) showed that the GDP rate for January to March 2026 rose by 0.6 per cent. For March alone, the economy grew by 0.3 per...
Significant decline! How much have India's forex reserves fallen since US-Iran war?
India Business News: Philippines and India are the Asian countries that have seen the highest percentage losses to their foreign exchange reserves as a result of the ongoi.
Burberry returns to profit as turnaround bears fruit
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Fuel situation in Cuba critical — energy minister
According to Vicente de la O Levy, 100,000 tons of Russian oil has been the only fuel supply to Cuba since December 2025
China Renews Import Permits for US Beef Plants as Xi, Trump Meet
China has renewed import licenses for hundreds of US beef plants, reviving trade in the meat as the leaders of the world’s two biggest economies meet in Beijing to stabilize commercial and geopolitical relations.
Appian Buys Namibia Copper Project Eyeing $400 Million Mine
Appian Capital Advisory, a leading mining-focused private equity firm, has acquired a copper project in Namibia as it looks to boost output of a metal that’s expected to experience rapid demand growth.
Historic Chemicals Downturn Upends a PE Firm’s Big Bet on Sector
A $10 billion private equity firm that made its name as a chemicals specialist has seen a wave of its holdings fall into distress amid a severe industry downturn, pushing the investor to adapt its strategy.
RAJAR: GB News Radio delivers fastest year-on-year growth among UK network stations
GB News Radio is celebrating another sensational set of audience figures after recording the fastest year-on-year growth of any UK network radio station.Latest RAJAR data shows GB News Radio’s reach increased by 21 per cent year-on-year to 676,000 listeners, outperforming all major network rivals over the same period.The figures put GB News Radio ahead of Times Radio, which recorded a reach of 604,000 listeners, and Talk, which reached 560,000 listeners during the first quarter of 2026.GB News R...
3i Slumps on Warning of Middle East Hit on Retailer Action
3i Group Plc shares slumped after the private equity group flagged slowing sales at its discount retailer Action, a sign that even low-cost stores are struggling as inflation squeezes consumers’ wallets.
Rachel Reeves warns 'now is not the time to put UK economic stability at risk' after UK economy GROWS
The Office for National Statistics has confirmed the UK economy has surged 0.3% in March, as the Chancellor Rachel Reeves urges Labour MPs to avoid putting economic stability at risk