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Dubai's Emaar says aware of report claiming CEO detained in India
Dubai's Emaar Properties is aware of a media report that its Group Chief Executive Amit Jain has been detained in India, a spokesperson for the company said on Saturday
 "Dubai's Emaar says aware of report claiming CEO detained in India")
India plans to introduce safety rating system for passenger cars: Ministry
India will introduce a safety rating system for passenger cars - a measure it hopes will encourage manufacturers to provide advanced safety features and will boost the "export worthiness"
 "India plans to introduce safety rating system for passenger cars: Ministry")
UK Conservatives lose seats, dealing blow to PM Boris Johnson
The losses suggest the broad appeal Johnson presented to win the 2019 election may be fracturing
 "UK Conservatives lose seats, dealing blow to PM Boris Johnson")
US Senate passes first gun control Bill after nearly three decades: Report
The landmark court ruling and Senate action on gun safety illustrate the deep divide over firearms in the United States
 "US Senate passes first gun control Bill after nearly three decades: Report")
Global M&A braces for dry spell as boardrooms put expansion on hold
Russia's invasion of Ukraine in February and fears that an economic recession is looming dealt a blow to merger and acquisition (M&A) activity
 "Global M&A braces for dry spell as boardrooms put expansion on hold")
Federal Reserve says US banks can weather severe downturn comfortably
Fed said the 34 lenders it oversees would suffer combined losses of $612 bn under a severe downturn
 "Federal Reserve says US banks can weather severe downturn comfortably")
Roe v Wade rubbed out: US Supreme Court overturns abortion rights landmark
The court, in a 6-3 ruling powered by its conservative majority, upheld a Republican-backed Mississippi law that bans abortion after 15 weeks.
 "Roe v Wade rubbed out: US Supreme Court overturns abortion rights landmark")
Pakistan govt slaps 10% super tax on big industries to trim deficit
Tough decisions needed to save economy: Pak PM
 "Pakistan govt slaps 10% super tax on big industries to trim deficit")
Oil rises almost $2 a barrel, still set for weekly drop on recession fears
U.S. Federal Reserve Chair Jerome Powell said the central bank's focus on curbing inflation was "unconditional", adding to fears about more interest rate hikes that have weighed on financial markets
 "Oil rises almost $2 a barrel, still set for weekly drop on recession fears")
India's rice planting down 46% from last year over weak monsoon start
The area planted with cotton totalled 3.18 million hectares, down from 3.73 million hectares a year earlier
 "India's rice planting down 46% from last year over weak monsoon start")
US dollar headed for first weekly decline in June as traders dial down bets
Dollar lost some of its shine since investors started betting the Fed could slow the rate-tightening pace following another 75 basis-point increase in July, and may start easing policy after Mar 2023
 "US dollar headed for first weekly decline in June as traders dial down bets")
Indian Oil expects prices to stay over $100/bbl in 2022 amid Ukraine crisis
An Indian Oil finance executive said on Friday he expects oil prices to hold above $100 per barrel for the rest of 2022 amid the Ukraine crisis
 "Indian Oil expects prices to stay over $100/bbl in 2022 amid Ukraine crisis")
Inflation likely to exceed top of RBI band until December: Shaktikanta Das
India's central bank is on course to bring down prices but the retail inflation rate is likely to remain above the top end of its mandated target band until December, Governor Das said in an article
 "Inflation likely to exceed top of RBI band until December: Shaktikanta Das")
Humble rice bran becomes hot commodity as India scours for edible oils
Rice bran prices have jumped to 30,000 rupees to 36,000 rupees per tonne compared with paddy prices of around 19,000 rupees, which is milled for rice extraction
 "Humble rice bran becomes hot commodity as India scours for edible oils")
Oil trades sideways on fears of slower demand, supply uncertainty
Oil prices traded sideways on Friday after briefly rising nearly $1 per barrel, as the market balanced fears of slower demand from cooling U.S. economic activity with supply uncertainty
 "Oil trades sideways on fears of slower demand, supply uncertainty")
US Supreme Court strikes down New York's limits on concealed guns
The decision represents the court's most important statement on gun rights in more than a decade
 "US Supreme Court strikes down New York's limits on concealed guns")
Gold ekes out gains as recession fears mount, treasury yields retreat
Spot gold rose 0.3% to $1,842.85 per ounce by 1411 GMT. U.S. gold futures inched 0.4% higher to $1,845.20
 "Gold ekes out gains as recession fears mount, treasury yields retreat")
Recession certainly a possibility, says Powell; global growth outlook weak
'The central bank was not trying to engineer a recession in the United States to stop inflation but was fully committed to bringing prices under control even if doing so risks an economic downturn'
 "Recession certainly a possibility, says Powell; global growth outlook weak")
Wall Street struggles for direction on growing recession fears
Lower bond yields lift some technology stocks; Accenture stock slides on tepid current-quarter sales view
 "Wall Street struggles for direction on growing recession fears")
Oil prices weaken on hawkish Fed rhetoric, concerns about demand
US Federal Reserve chief Jerome Powell said the central bank was focused on fighting inflation and that the labor market was unsustainably strong
 "Oil prices weaken on hawkish Fed rhetoric, concerns about demand")