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BUDGET DEFICIT
India can grow over 8% despite oil shocks, crude impact overblown in narrative: World Bank execIndia's economy shows strong growth, defying fears of oil price shocks. Neelkanth Mishra, World Bank Executive Director, states India is we...- India considers spending curbs to protect fiscal deficit targetIndia's government is reviewing potential budget spending cuts. Higher oil prices are increasing subsidy costs and threatening fiscal goals...
- Markets in limbo as US–Iran uncertainty clouds global outlook: Geoff DennisGlobal markets are grappling with US-Iran standoff uncertainty, with conflicting signals leaving investors hesitant. Despite geopolitical t...
- Russian spies are aggressively seeking Western technology as sanctions bite, officials sayRussia's intelligence agencies are aggressively seeking Western technology and defense secrets to bolster its war economy, employing fake c...
- Despite Trump's pressure, Cuba may not turn out like VenezuelaThe U.S. is increasing pressure on Cuba, but unlike Venezuela, the island nation lacks a clear opposition leader or succession plan. Cuba's...
- US 30-year yield hits highest since 2007 on inflation angstUS Treasury's 30-year bond yields surged to nearly two-decade highs as accelerating inflation concerns and rising energy prices fueled a gl...
- Economic outlook at risk of further deterioration, OECD saysOECD Secretary General Mathias Cormann stated that the ongoing Middle East conflict is worsening global economic risks, exerting downward p...
- World imbalances trouble G-7 in wake of Trump’s China encounterGlobal finance ministers convene in Paris to address lopsided world growth, focusing on structural misalignments after the US-China trade s...
- Global Markets | Australian shares fall for third day as banks weigh ahead of federal budgetAustralia's stock market saw a decline for the third consecutive day. Banks led the losses as investors anticipated a federal budget focuse...
- Trump likes the idea of government owning some US companies but took a pass on Spirit AirlinesPresident Trump showed interest in government taking over companies like Spirit Airlines. He saw these moves as financial wins and a way to...
- Trump's 'gold card' visa starting at $1 million granted to just 1 person so far, White House saysPresident Donald Trump's 'gold card' visa program, requiring a $1 million investment for legal U.S. residency, has seen one approval. Comme...
- What made Putin sell 22,000 kg gold from Russia this year?Russia’s central bank has sold 21.8 tonnes or 22,000 kilograms of gold so far in 2026 to help fund the country’s widening budget deficit, w...
- Russia cuts oil output in April, sources sayRussian oil output saw a significant drop in April. Ukrainian drone attacks on key ports and refineries forced Russia to cut production. Th...
- Elon Musk scorned "shady" loopholes, yet offshore tax tricks likely saved Tesla hundreds of millionsTesla has reportedly saved over 400 million dollars on US taxes. This was achieved through a financial maneuver involving its units in the ...
- Saudi to focus $925 billion fund on domestic economy under new 5-year planSaudi Arabia's Public Investment Fund is shifting focus to domestic growth. A new five-year strategy prioritizes six key themes including t...
- IMF cuts global growth outlook for 2026, warns of potential recession if Iran war worsensThe International Monetary Fund has cut its global growth outlook, warning the economy could near recession if the Middle East conflict kee...
- America’s demographic stagnation to make it poorer?America faces a future of slower economic growth due to demographic stagnation. A declining birth rate and reduced immigration are shrinkin...
- Gas sale at 40% discount: Why is Russia selling LNG at deep discounts and how it may provide a sigh of relief for India?Russia is attempting to sell natural gas from its sanctioned facilities to South Asian nations. These offers come at a significant discount...
- Iran war doubles Russia's main oil revenue to $9 billion in AprilIn a remarkable twist for Russia's economy, oil tax revenues are projected to soar to $9 billion by April, doubling amidst the turbulent gl...
- Russia sells gold bars for first time in 25 years to fund budget deficit amid high military spending: ReportRussia has sold physical gold from its central bank reserves for the first time in 25 years to address a widening budget deficit fueled by ...
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