Weakens

• On June 9, major US stock indices weakened during the early trading session, with the Nasdaq Composite dropping 0.79% to 25,724.55 and the S&P 500 falling 0.32% to 7,382.36. • The Dow Jones Industrial Average showed slight resilience, edging up 0.08% to 50,828.49, while other indices reversed their earlier gains. • This volatility follows a consensus warning from four major investment banks highlighting significant risks currently facing the stock market.

• Government considers steps to attract dollar inflows amid rupee depreciation pressures. • Policy moves aim to stabilise currency and support economic indicators. • Initiative critical for managing trade deficits and foreign reserves.

Cryptocurrency ATMs also face ban, after public inquiry found Canada lacked anti-money-laundering strategyCanada is to establish a new and powerful law enforcement agency to investigate financial crime, in stark contrast to the US, where weakened federal investigators have struggled to pursue fraudsters and the White House has pardoned convicted money launderers.A bill to create the Financial Crimes Agency (FCA) completed its first reading in parliament this week. The legislation was introduced by the governing Liberals and with their parliamentary majority, the party is likely to move the it through both levels of government quickly. Continue reading...

Silvia Salis, the leftwing mayor of Genoa and former Olympian, is described as ‘a breath of fresh air’ and potential unifierIt has been a turbulent month in Italian politics.A failed referendum on a judicial overhaul pierced prime minister Giorgia Meloni’s aura of invincibility, triggering government resignations and leaving her scrambling to restore credibility. At the same time, her once special relationship with Donald Trump has frayed after the US president publicly scolded her this week for criticising his broadside against Pope Leo and for not supporting the US-Israeli war on Iran. Continue reading...