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India's April-May fiscal deficit at 9.6% of 2026/27 target

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.

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Economy
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UK car lobby group warns of £1.4 billion hit from post-Brexit rules

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…

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Economy

Doubled by halftime

By Mike DolanWhat matters in U.S. and global markets todayBy Mike Dolan, Editor-at-Large, Finance and MarketsIt's halftime for 2026 markets as the whistle blows on a turbulent and volatile first six months of the year.Despite the energy-shocking four-month Iran war and rancorous geopolitics over Ve…

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Panasonic to localise its US data centre battery production, CEO says

Panasonic is seeking to localise its U.S. supply chain for energy storage systems as it prepares to produce battery cells at a plant in Kansas as part of a shift towards supplying data centres, the Japanese group's CEO said on Tuesday."Since most of our customers are in the U.S. for these energy st…

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