Indian banks' gross bad loan ratio may drift higher to 1.9% by March 2028, the Reserve Bank of India said in its Financial Stability Report published on Tuesday.Gross bad loan ratio is the proportion of bad assets to total loans.The key measure stood at 1.8% at the end of March 2026.
By Tim McLaughlinPJM, the largest U.S. regional grid, on Tuesday forecast an all-time summer demand record on July 2 as scorching temperatures roll across a territory serving 67 million customers.PJM forecast electric demand of 166.3 gigawatts for Thursday evening, according to the grid operator's…
The Bank of England’s deputy governor Sarah Breeden on Tuesday said Agentic AI’s cyber capabilities were her most immediate financial stability concern.Speaking at the European Central Bank Forum on central banking in Portugal, Breeden said AI agents - which can act autonomously — could amplify vol…
WASHINGTON (dpa-AFX) - The U.S. Supreme Court, in a landmark ruling on Monday, upheld President Donald Trump's firing of Democratic Federal Trade Commission member Rebecca Slaughter, saying the President has the power to remove the leaders of independent federal agencies.In the 6-3 majority opinion…
The Bank of England could keep interest rates unchanged at 3.75% for the remainder of 2026, UBS global research strategists say in a note. The BOE can tackle any second-order effects of inflation by keeping rates on hold at the current restrictive level, they say. In addition, the weak starting poi…
All dates are in ET Time. Tuesday, June 30, 2026 Exp Prev ET/GMT 0830/1230 Jun Principal field crop areas 0830/1230 Apr GDP GDP, M/M% +0.4% -0.1% Qtrly An…
Schneider Electric, a global energy technology leader, announced the launch of the second phase of its Energy Efficiency Audits Initiative, expanding its impact beyond industrial facilities to support energy optimization and decarbonization across Egypt’s building sector.Building on the success of…
Dubai, United Arab Emirates: Magna AI, Inc., the global integrated-value-chain sovereign AI transformation leader established through a partnership between Trend Micro and Wistron Digital Technology Holding Company (WDH), powered by NVIDIA, today announced a strategic collaboration with Emaar Exec…
By Andreas RinkeGermany is demanding a €400 billion ($456 billion) cut to the European Commission's proposed budget of €2 trillion for 2028-2034, warning that the current plans are "unaffordable," according to an internal government document seen by Reuters on Tuesday.Because the EU budget, called…
By Susanna TwidaleBritain must invest around £89 billion ($118 billion) through the 2030s to overhaul its power grid, which could face growing inefficiencies and higher costs for consumers without upgrades, the country's grid operator said on Tuesday.The latest National Energy System Operator estim…
Southern Alliance Mining Ltd. SGX:QNS:
By Uditha JayasingheSri Lanka's Colombo Consumer Price Index rose 6.8% year-on-year in June, after a 5.5% rise in May, the Statistics Department said on Tuesday.The index (LKCCPI=ECI), a leading indicator for broader national prices, tracks inflation in Sri Lanka's capital.Food inflation rose to 3…
Macau's unemployment rate stood at 1.8% in May 2026, unchanged from the previous month.The number of unemployed increased by 6,000 to 7.1 thousand, while employment declined by 5,000 to 374.1 thousand.The labour force participation rate edged down to 66.3% from 66.4%, with the labour force decreasi…
Dubai, United Arab Emirates – REACH, one of the world’s most prestigious real estate technology accelerators is launching a second program in the UAE to support exciting proptech start-ups and the $1.3 trillion Middle East real estate pipeline. The program provides each start-up with funding, world…
Staff WriterPresident Santiago Peña of the Republic of Paraguay today received Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, and an accompanying delegation during their official visit to Asunción, in the presence of Dr. Sagheer Al Ahbabi, UAE Ambassador to Paraguay.Al Zeyoudi conveyed…
India's fiscal deficit (INFISC=ECI) in April-May was at 1.62 trillion rupees, or 9.6% of the estimate for the financial year ending March 31, government data showed on Tuesday.India has set the fiscal deficit target for 2026/27 at 4.3% of the GDP, or 16.96 trillion rupees.
South Africa recorded a budget deficit of 14.62 billion rand ($892.73 million) in May, National Treasury data showed on Tuesday.($1 = 16.3767 rand)
By Muvija M and Nick CareyBritish electric vehicle makers will have to pay £1.4 billion ($1.85 billion) in tariffs if there is no solution on local content requirements with the European Union, the country's main car lobby group estimated on Tuesday.The post-Brexit rules on the sourcing of parts, w…
All dates are in ET Time. Tuesday, June 30, 2026 Exp Prev ET/GMT 0855/1255 06/27 Johnson Redbook Retail Sales Index Ret Sales Mo-to-Date, Y/Y% +9.5% Latest Wk, Y/Y…
Singapore's 2026 GDP growth print is likely to beat the official projection, Maybank economists say in a report. The city-state's economy and inflation have been little affected by the Middle East conflict. The global artificial-intelligence capital expenditure and construction boom is cushioning t…
