India's fiscal deficit (INFISC=ECI) in April-May was at 1.62 trillion rupees ($17.11 billion), or 9.6% of the estimate for the financial year ending March 31, government data showed on Tuesday.The deficit in the same period last year stood at 131.6 billion Indian rupees.India has set the fiscal def…
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The U.S. Food and Drug Administration has agreed to review Chinese generics drugmaker Hybio Pharmaceutical's SZSE:300199 two experimental generic tirzepatide GLP-1s that, if approved, would rival obesity and diabetes drugs made by Eli Lilly NYSE:LLY.
Airline SAS is ordering 18 new Airbus EURONEXT:AIR A330neo jets, industry sources said on Tuesday.The Scandinavian carrier said earlier it planned to buy a total of up to 40 widebody aircraft from the European planemaker in what it described as its largest investment.
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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.
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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…
White House officials last year awarded a no-bid contract worth up to $500 million for the construction of the East Wing ballroom, the Washington Post reported on Tuesday, citing a copy of the agreement.The contract was awarded through the Executive Residence, an office that is exempt from rules re…
The U.N. trade and development agency warned on Tuesday that while the reopening of the Strait of Hormuz will bring immediate relief to energy markets, vulnerable economies remain at risk from prolonged increases in food and fuel costs.Food and transport systems are likely to take longer than energ…
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The United Nations said on Tuesday that an Ebola outbreak could cost Africa up to $3.6 billion and hundreds of thousands of jobs, potentially causing a development crisis.The outbreak of the Bundibugyo strain of Ebola, for which there is no tested vaccine or treatment, has infected 1,307 people and…
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