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UNBELIEVABLE: 2 - Caught on Camera

India's CPI inflation expected to rise to 4.8% with crude oil averaging USD 90/bbl in FY27: Report

Forecasts indicate that by FY27, India’s inflation could hit 4.8%, driven by crude oil prices projected at USD 90 per barrel. Factors such as the ongoing conflict in West Asia and a less favorable monsoon outlook are pivotal. Economic growth might taper to 6.3%, with both fiscal and current account…

The Economic Times

Should You Split Your Retirement Accounts to Reduce Cyber Risk?

AI and cyber threats to brokerages are growing. Will keeping your retirement funds in two or more institutions lessen your risk of getting wiped out?

Kiplinger

Top JPMorgan analyst maps 5 ways America's debt crisis could unfold—and the 'best case' is still alarming

JPMorgan's David Kelly maps out five scenarios for the national debt over the next decade — the best-case is pretty, pretty bad.

Fortune

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Mediation, debt and disorder: Can Pakistan keep balancing China, America and its own crises?

Pakistan has always believed that geography can compensate for weakness. It sits at the intersection of South Asia, Central Asia and the Middle East, possesses nuclear weapons, maintains relationships with superpowers who have shared cold ties, and has spent decades convincing bigger powers that it is too strategically important to…

The Times of India

Austrian paraglider unscathed after terrifying mid-air collision with plane

PRESS REVIEW – Tuesday, May 26: We look at reactions in the Senegalese and French press after President Bassirou Diomaye Faye appoints a new prime minister after firing his former mentor Ousmane Sonko. Also, papers react to Pope Leo XIV's encyclical on the dangers of AI and the need to…

France 24

Senegal's ousted PM Sonko elected parliament speaker in challenge to President Faye

Senegal's National Assembly on Tuesday voted to reinstate ousted PM Ousmane Sonko as a member and appoint him speaker, just days after he was sacked by President Bassirou Diomaye Faye in an escalating power struggle between the two former allies.

France 24

Senegal's President Faye names economist as prime minister after Sonko ouster

Senegalese President Bassirou Diomaye Faye appointed former regional central bank official Ahmadou Al Aminou Lo as prime minister on Monday, days after dismissing Ousmane Sonko amid rising tensions that threaten reforms tied to crucial IMF support.

France 24

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Fed stalwart Claudia Sahm fears Kevin Warsh's policies could undo 20 years of policy progress

"That progression has happened over 20 years at the Fed and it's going to be near impossible and probably very misguided to put the cat back in the bag."

Fortune

European Union's public debt to be on unsustainable path without action, IMF says

European Union nations face significant financial challenges in defence, energy, and pensions over the next 15 years. The International Monetary Fund warns that without action, public debt will become unsustainable. Reforms, consolidation, and potentially joint borrowing are suggested to manage these rising costs and ensure a stable financial future for…

The Economic Times

UK borrows more than forecast in April as inflation adds to benefits bill

The £24.3bn figure comes amid rising cost of pensions as bond market jitters take monthly debt interest to £10.3bn

The Guardian - UK

All this talk about ‘difficult’ cuts, yet the largest part of Britain’s welfare bill is never mentioned. Why?

Pensioners vote and young people don’t, so the truism goes. That’s no longer any reason to avoid dealing with the triple lock, says Guardian columnist Zoe Williams

The Guardian - UK

IMF-Pakistan talks: Key discussions, outcomes and what comes next

In a significant step towards revitalizing its economy, Pakistan has wrapped up vital discussions with the IMF, centering on fiscal strategies and essential reforms. The dialogues emphasized changes in the energy sector, restructuring of state-owned enterprises, and efforts to draw in private investment.

The Times of India

Lifting lid on economic imbalances

Global imbalances are again dominating international economic debates, and with good reason. Large and persistent imbalances often end badly, whether in abrupt capital-flow reversals, exchange-rate volatility, geopolitical conflict, or, as in 2008, financial crisis. And with the United States now running significant current-account deficits, and China having returned to substantial…

Bangkok Post

Africa’s capital must stay home to plug its financing gap: how it could be done

Africa is providing cheap liquidity to wealthy nations. In return it is paying huge interest rates to external institutional investors at the cost of its own development.

The Conversation

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Euronews

Greek stocks vs. Nasdaq 100: Which market won in the last 5 years?

The Athens market has returned 146% in five years, beating the Nasdaq 100. A long read on how a 92% crash became one of finance's best turnarounds.

Evening Standard

FTSE 100 up amid calmer bonds but oil rises again

The FTSE 100 closed up 128.38 points, 1.3%, at 10,323.75.

The Independent UK

IMF raises the UK’s growth forecast – and backs Rachel Reeves

IN FULL

The Independent UK

Labour must stick to Reeves’ fiscal rules to avoid market chaos, IMF warns

UK economy sees growth upgrade but government advised to ‘stay the course’

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Evening Standard

Iran war hit to UK growth less than feared but inflation still to rise – IMF

The International Monetary Fund (IMF) updated its growth projections a month after warning of a sharp slowdown caused by the global energy shock.

The Guardian - UK

IMF urges UK to ‘stay the course’ on borrowing amid Starmer uncertainty

Washington-based fund praises Rachel Reeves for aiming to cut budget deficit as it upgrades growth forecasts

The Economic Times

World imbalances trouble G-7 in wake of Trump’s China encounter

Global finance ministers convene in Paris to address lopsided world growth, focusing on structural misalignments after the US-China trade summit. France aims to tackle America's deficits, Europe's low investment, and China's trade surplus. Economists warn of systemic crisis without concerted re-balancing efforts.

The Times of India

Defence boost for Pakistan: PKR 100 billion military hike on cards in IMF-backed budget

Pakistan plans to increase its defense budget by PKR 100 billion for the next fiscal year, reaching an estimated PKR 2.665 trillion. This move aligns with an IMF-backed reform program projecting a significant rise in federal revenues to PKR 17.144 trillion. The government is also committed to digitizing payments and…

The Economic Times

Pakistan eyes PKR 100 bn defence hike in IMF-linked budget

Pakistan is set to boost its defense budget by approximately PKR 100 billion. This move aligns with an International Monetary Fund program. Revenues are projected to rise significantly. The government will also focus on digitizing payments and tackling corruption. Reforms aim to create a level playing field for businesses. An…

Euronews

Nvidia surpasses Germany: How the market caps of tech giants compare to top economies

Nvidia’s market capitalisation ($5.7 trillion) has overtaken Germany’s GDP ($5.45 trillion). The combined value of the five largest US companies now exceeds the total GDP of Europe’s five largest economies.

The Economic Times

Pakistan receives USD 1.3 bn loan from IMF: Central bank

Pakistan has recieved USD 1.3 billion from the International Monetary Fund. This funding comes from two separate programs, the Extended Fund Facility and the Resilience and Sustainability Facility. The money will help stabilize Pakistan's economy and address climate-related challenges.

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