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UNBELIEVABLE: 2 - The Untold Story

Not just El Nino: What else is holding back India's monsoon?

India's monsoon has slowed significantly. A weak surge from the Arabian Sea and missing weather systems are causing a rainfall deficit. This pause impacts the kharif sowing season. Meteorologists are monitoring conditions for renewed monsoon activity. Farmers are advised to prepare for potential low rainfall.

The Economic Times

EU leaders back stronger trade defences amid Chinese export surge

EU leaders agreed on Thursday to strengthen trade defences against a Chinese exports surge that Brussels views as a threat to European industry, while maintaining “constructive dialogue” with Beijing. The move reflects growing concern over the EU’s dependence on China, as the bloc’s goods trade deficit reached about 360 billion…

France 24

Dollar Strength and Crude Oil Weakness Pressure Sugar Prices

July NY world sugar #11 (SBN26 ) on Thursday closed down -0.26 (-1.88%), and Aug London ICE white sugar #5 (SWQ26 ) closed down -6.90 (-1.53%). Sugar prices settled lower on Thursday, with NY sugar matching Tuesday’s 1.75-month low. Dollar strength and weakness in crude oil prices on Thursday pressured...

Barchart

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Sugar Prices Fall on Dollar Strength and Crude Oil Weakness

July NY world sugar #11 (SBN26 ) today is down -0.27 (-1.95%), and Aug London ICE white sugar #5 (SWQ26 ) is down -6.10 (-1.35%). Sugar prices are falling today, with NY sugar matching Tuesday’s 1.75-month low. Dollar strength and weakness in crude oil prices today are pressuring sugar prices....

Barchart

India facing 41% rainfall deficit as southwest monsoon stalls over Maharashtra

India is experiencing a significant rainfall deficit. The southwest monsoon has stalled, impacting large parts of the country. Several meteorological factors are contributing to this slowdown. This situation poses challenges for kharif crops. Authorities are preparing contingency plans for farmers. Water conservation and alternative crop strategies are being emphasized.

The Economic Times

Brent crude expected at USD 90-95/barrel, raising India's CAD risk: Crisil

India's current account deficit is projected to widen significantly. Higher crude oil prices are expected to drive this increase. This will put pressure on the economy. Experts anticipate Brent crude to average between USD 90-95 per barrel this fiscal. This is a substantial rise from previous levels. The deficit is…

The Economic Times

India monsoon starts almost 40% short as El Niño upends weather

India's monsoon has begun with a significant 40% deficit in rainfall, threatening crucial crops like rice and soybeans. The El Niño phenomenon is expected to prolong this dry spell through July and August, impacting agriculture and industrial activities. Authorities have already implemented water restrictions for construction, highlighting the severity of…

The Economic Times

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Sugar Prices Rise on Weak India Monsoon Rains

July NY world sugar #11 (SBN26 ) on Wednesday closed up +0.03 (+0.22%), and Aug London ICE white sugar #5 (SWQ26 ) closed up +2.30 (+0.51%). Sugar prices moved higher on Wednesday for a second day amid concerns over India’s sugar crop. Late Monday, India’s Meteorological Department reported that India’s...

Barchart

Sugar Prices Climb on Concerns Over India’s Sugar Crop

July NY world sugar #11 (SBN26 ) today is up +0.09 (+0.65%), and Aug London ICE white sugar #5 (SWQ26 ) is up +2.70 (+0.60%). Sugar prices are moving higher today for a second session amid concerns over India’s sugar crop. Late Monday, India’s Meteorological Department reported that India’s cumulative...

Barchart

Japan's exports jump 17% in May, but it logs a deficit as imports surge

Japan has reported a $2.4 billion trade deficit in May even though its exports surged 17% from a year earlier

AAP

Japan's exports jump 17% in May, but logs a deficit as imports surge

Japan has reported a $2.4 billion trade deficit in May even though its exports surged 17% from a year earlier

AAP

Sugar Prices Jump on Slack Monsoon Rain in India

July NY world sugar #11 (SBN26 ) on Tuesday closed up +0.14 (+1.02%), and Aug London ICE white sugar #5 (SWQ26 ) closed up +7.50 (+1.70%). Sugar prices erased early losses on Tuesday and settled higher on concerns over India’s sugar crop. Short covering emerged in sugar after India’s Meteorological...

Barchart

Sugar Prices Rebound on India Crop Concerns

July NY world sugar #11 (SBN26 ) today is up +0.11 (+0.80%), and Aug London ICE white sugar #5 (SWQ26 ) is up +6.40 (+1.45%). Sugar prices erased early losses today and moved higher on concerns over India’s sugar crop. India’s Meteorological Department reported that India’s cumulative monsoon rainfall was...

Barchart

Even an AI-Sparked Economic Miracle Will Not Save the Federal Budget

Congress cannot sit by and hope for AI to fix the deficit.

Reason

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The Economic Times

UP, Gujarat, Jharkhand, 10 other states record revenue surplus in FY25: CAG report

Fifteen Indian states faced revenue deficits in the fiscal year 2024-25. Thirteen states, however, reported revenue surpluses. The Comptroller and Auditor General's report highlights these financial outcomes. States' own tax revenues are growing, forming a significant part of total receipts. Committed expenditures like salaries and pensions remain a major cost…

The Economic Times

Fiscal stress deepens across states as all 28 post deficits in FY25: CAG report

India's states continued to face mounting fiscal pressures in 2024-25, with all 28 states reporting fiscal deficits and their combined liabilities rising to Rs 90.51 lakh crore as of March 31, 2025, according to the Comptroller and Auditor General's (CAG) report State Finances 2024-25 released on Monday.

The Economic Times

India's export outlook is challenging for FY27, but worst is over: Elara Securities

India's export outlook remains challenging in FY27 amid moderating global demand and elevated electronics imports, but the worst phase appears to be behind as a weaker rupee, resilient services exports and strong remittance inflows are likely to cushion external sector pressures, according to a report by Elara Securities.

Barchart

Weakness in Crude Oil Weighs on Sugar Prices

July NY world sugar #11 (SBN26 ) on Monday closed down -0.02 (-0.15%), and Aug London ICE white sugar #5 (SWQ26 ) closed down -2.20 (-0.49%). Sugar prices were under pressure on Monday, with NY sugar falling to a 1.75-month low and London sugar falling to a 2.5-week low. Monday’s...

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Barchart

Sugar Prices Undercut as Crude Oil Sinks

July NY world sugar #11 (SBN26 ) today is down -0.04 (-0.29%), and Aug London ICE white sugar #5 (SWQ26 ) is down -3.00 (-0.67%). Sugar prices are under pressure today, with NY sugar falling to a 1.75-month low and London sugar falling to a 2.5-week low. Today’s -5% plunge...

The Conversation

Spectacular deficits and record revenues: FIFA’s financial cycles are a winning strategy

The 2026 FIFA World Cup has kicked off across North America. FIFA, the governing body that organizes it, is widely seen as a prosperous organization. After all, it governs the world’s most popular sport and its most prestigious event. It’s regarded as a machine generating billions of dollars.

The Guardian - UK

EU trade deficit with China reaches record €1bn a day, data shows

Import and export figures come as European leaders prepare to meet this week to address growing imbalance

The Economic Times

India posts $4.7 bn current account surplus in April; FPI outflows hit $8.7 bn

India achieved a current account surplus of $4.7 billion in April 2026. This positive development occurred even with a larger merchandise trade deficit. Stronger net services exports and a significant rise in net transfers contributed to this surplus. Foreign direct investment also saw a substantial increase. However, foreign portfolio investment…

The Economic Times

India's trade deficit narrows slightly to $28.21 billion in May as petroleum exports cushion energy import blow

India's trade deficit saw a slight reduction in May. A recent US-Iran agreement is bringing welcome relief. This deal is expected to stabilize shipping through the Strait of Hormuz. Consequently, global crude oil prices should moderate. This will ease pressure on India's import bill and help control inflation. Exporters anticipate…

The Economic Times

US-Iran peace deal may help boost India's exports, stabilise rupee

A peace deal between the US and Iran is set to reopen the Strait of Hormuz. This agreement is anticipated to significantly boost India's exports to West Asia. It will also help stabilize the Indian rupee and reduce inflationary pressures. The reopening of this vital shipping route promises economic relief…

The National (Scotland)

AI data centre boom reveals 'democratic deficit' in Scotland's planning system

Recent proposals for AI data centres reveal a 'democratic deficit' at the heart of Scotland's planning system

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