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Italy's PM Meloni comes out on top in EU vote, strengthens her position

Projected forecasts based on the early count said Brothers of Italy had won 28.3 per cent, more than four times what it took in the last EU election in 2019

BOJ to drop clues on bond tapering plan next week, new rules expected

While details are not finalised, the central bank could trim monthly purchases or clarify plans to proceed with a slow but steady taper

UK job market on its way to recovery after downturn, say recruiters

Billings for temporary staff dropped by the least since January

US officials expect G7 to warn small Chinese banks over Russia ties: Report

This year's G7 summit is also expected to focus on leveraging profits generated by Russian assets frozen in the West for Ukraine's benefit

At least 9 killed as terrorists open fire at bus carrying pilgrims in J&K

The attack marks a significant escalation in violence in the region. Reasi district has been relatively untouched by terrorist activities compared to neighbouring areas such as Rajouri and Poonch

Over half of Aramco share sale allocated to foreign investors: Report

International demand for the secondary share sale was greater than for Aramco's IPO in 2019, sources had previously told Reuters

Israel rescues 4 hostages in Gaza raid; Hamas says 210 Palestinians killed

The hostage rescue operation and an intense accompanying air assault took place in central Gaza's al-Nuseirat, a densely built-up and often embattled area in the conflict between Israel and Hamas

IPOs of Flipkart, PhonePe could take couple of years, says Walmart exec

Walmart may put an initial public offering of PhonePe ahead of Flipkart, even though Flipkart is a more mature business

Saudi Arabia set to raise $11.2 bn from secondary offering of Aramco shares

Aramco's book was covered four to five times near the bottom of the price range of 26.7 to 29 riyals

US job gains blow past expectations in May, wage growth accelerates

Nonfarm payrolls increased by 272,000 jobs last month, the Labor Department's Bureau of Labor Statistics said

Lok Sabha election results: Rural vote fall cost Modi decisive poll win

The BJP, which held 201 rural constituencies in the 543-member parliament, retained only 126 of them in the mammoth election, the analysis showed

Major world economies seek to halt financing of private sector coal deals

Under the plan, financial institutions would fund the early retirement of coal plants, rather than divest from these assets

German central bank warns of inflation, lowers growth forecast for 2024

The warning from Europe's biggest economy is likely to reinforce expectations that interest rates can only come down slowly. Inflation has fallen from double-digit territory in late 2022

India's medium-term fiscal consolidation may get more challenging: Fitch

"Our expectation is that the government will look to achieve the 4.5% fiscal deficit target by 2025-26," Jeremy Zook, director - Asia-Pacific sovereigns at Fitch told Reuters in an interview

Russian central bank keeps key rate unchanged at 16%; inflation at 8.17%

"The Bank of Russia holds open the prospect of increasing the key rate at its upcoming meeting," the bank said in a statement

World food prices surge for third consecutive month in May, says UN

The FAO index hit a three-year low in February as food prices continued to ease off from a record peak set in March 2022, following Russia's invasion of fellow crop export major Ukraine

RBI's GDP projections, gains in IT stocks help Indian shares trade higher

The NSE Nifty 50 index was up 1% at 23,060 points and the S&P BSE Sensex added 1.2% to 75,941 points after the rate decision

Germany looking into buying 8 additional Lockheed Martin F-35 fighter jets

The jets are equipped with advanced sensors and other gear, and nearly impossible to track with radar

Growing reliance on Big Tech firms for AI carries new risks: European banks

Excitement around using artificial intelligence (AI) in financial services - widely used already for detecting fraud and money-laundering - has soared

Assessing need for more measures to slow unsecured lending: RBI Guv Das

The Reserve Bank of India has warned lenders against "all forms of exuberance" due to worries about the rising risks