Stays

Prime minister sends video message to newlyweds instead after bride Sarah Burwin asked him not to ‘ruin’ vibe at Heron House weddingAndy Burnham fulfilled a bride’s wishes by not turning up for her wedding after she asked him not to spoil her big day as she got married at the building housing No 10 North.Sarah Burwin had pleaded on TikTok in July for Burnham not to work from the building in Manchester that day, which hosts the government’s northern headquarters and the city’s register office. Continue reading...

• The Indian stock market ended the session in the green, with the Sensex closing 150 points higher while the Nifty50 remained flat. • Investors balanced market mechanics against expectations for the Reserve Bank of India's upcoming policy decisions, while monitoring crude oil prices and the rupee. • Analysts noted that recent fluctuations are likely due to adjustments in the revised settlement framework rather than a decline in economic fundamentals.

• Analysts warn that the US Federal Reserve's decision to maintain higher interest rates for longer will negatively impact Asia's tech sectors and slow global growth. • Economies with large youth populations and high import reliance, specifically India, Indonesia, Pakistan, and the Philippines, are expected to be most vulnerable to these conditions. • Asian central banks are increasingly diverging from the Fed's path to address local macroeconomic factors, such as varying inflation outlooks and energy price exposure.

• The Euro weakened to approximately 1.1385 against the US Dollar on Thursday after the European Central Bank (ECB) decided to keep its key interest rates unchanged. • In its policy statement, the ECB highlighted that energy prices remain highly volatile and warned that the full inflationary impact of recent energy shocks has not yet materialized. • The decision reflects a cautious approach to monetary policy, as the bank intends to make future adjustments on a meeting-by-meeting basis based on economic data and inflation outlooks.

• The Indian stock market closed with mixed results, as the BSE Sensex ended 100 points higher while the NSE Nifty50 remained flat. • Market volatility was driven by a combination of geopolitical developments, macroeconomic trends, crude oil fluctuations, and foreign institutional investor activity. • Despite the Sensex gain, broader markets and several sectoral indices declined, signaling widespread caution among investors.

• Abheek Biswas, vice president of consumer insights at dentsu India, argues that India's streaming market is shifting from a phase of content abundance to one focused on relevance. • The core thesis is that long-term value for streaming platforms will now be driven by "what stays"—content that audiences continue to watch, recommend, and debate. • This shift matters because entertainment only creates lasting cultural and economic value when it integrates into the daily conversations and rituals of viewers.

• Foreign Direct Investment (FDI) in India has reached a five-year high, driven by strong capital inflows and resilient domestic demand despite global trade headwinds. • The services sector emerged as the primary growth engine with a 10% expansion, followed by industry growth of 7.3% and a more subdued 3.6% increase in agriculture. • This surge is significant as robust investment momentum and gross capital formation are currently offsetting global economic uncertainties and inflation.

• US and Iranian representatives concluded a round of talks in Doha without reaching a breakthrough, as the critical issue of Iran's nuclear programme was omitted from the agenda. • The next set of discussions is scheduled to occur after July 9, following the funeral of Iran's late Supreme Leader, Ayatollah Ali Khamenei. • Global oil prices dropped to their lowest level in four months after President Trump suggested that the likelihood of a full-scale conflict had diminished.

• US stocks traded within a narrow range on Wednesday as investors remained cautious ahead of the Federal Reserve's upcoming policy decision. • Oil prices remained below $80 per barrel, driven by market optimism regarding a potential peace agreement between the US and Iran. • The stability in the market reflects a balancing act between anticipation of interest rate changes and geopolitical hopes for stability in the Middle East.

Flatlining figure confounds forecasts of an increase to 3% as Bank of England prepares to set interest ratesUK inflation unexpectedly remained at 2.8% last month despite the Middle East war driving up energy prices, official figures have shown.May’s annual price rise reading recorded by the Office for National Statistics confounded economists’ forecasts of a rise to 3%. Continue reading...