Economy
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Why has Nepal removed the disputed map from its new coin? Is this a signal to reset with India?
Anmol Singla •Nepal has approved a new one-rupee coin that removes the disputed map featuring Lipulekh, Kalapani and Limpiyadhura, replacing it with the Lo Ghyakar Monastery. While Kathmandu cites technical reasons, the move has turned heads over whether it signals a thaw in India-Nepal relations
Andy Burnham announces tax cuts on energy bills to ‘give people more breathing space’
Fp Business Desk •UK Prime Minister Andy Burnham will scrap VAT on household electricity bills from October, funding the tax cut by cancelling the controversial £1.8 billion digital ID scheme
IMF clears $690 million for Ukraine after review, says reforms broadly on track despite war
Fp Business Desk •The IMF has approved a new $690 million disbursement for Ukraine after completing the latest review of its $8.1 billion financing programme, while warning that reform implementation has slowed amid the ongoing war
New Zealand inflation climbs to 4.1%, highest in over two years, as fuel prices bite
Fp Business Desk •New Zealand's annual inflation accelerated to 4.1 per cent in the second quarter, its highest level in over two years, as soaring petrol and diesel prices kept price pressures elevated, strengthening expectations of further interest rate hikes by the Reserve Bank of New Zealand
German producer prices rise 1.8% in June, miss forecasts as factory-gate inflation eases
Fp Business Desk •Germany's producer prices rose 1.8 per cent year-on-year in June, slightly below market expectations of 1.9 per cent, indicating easing factory-gate inflation and moderating cost pressures in Europe's largest economy
India joins select group of countries with hydrogen-powered train as PM Modi flags off first service
Fp Business Desk •Prime Minister Narendra Modi flagged off India's first hydrogen-powered passenger train from Haryana's Jind, placing the country among a select group of nations adopting hydrogen rail technology as Indian Railways accelerates its transition towards cleaner, low-emission transport
EU warns Pakistan over rights record as €732 million trade benefits come under scrutiny
Fp Business Desk •The European Union has warned Pakistan that continued access to its preferential GSP+ trade scheme beyond 2027 will depend on improving its human rights record, after a report flagged rising enforced disappearances, media repression and discrimination against minorities despite €732 million in tariff benefits last year
India visa, passport services on hold in Australia, to resume only after govt nod: VFS Global
Fp Business Desk •Consular, Passport and Visa services remain suspended since July 1, with applications on hold until the High Commission of India authorises their reinstatement.
E20 fuel lands in court: Vehicle owner wins compensation over alleged engine damage
Fp Business Desk •A Chhattisgarh consumer court has ordered a vehicle manufacturer and dealer to compensate a car owner who alleged E20 petrol caused engine problems. The ruling comes amid ongoing debate over ethanol-blended fuel safety
Fed sounds alarm as soaring fuel costs force Americans to cut non-essential spending
Fp Business Desk •The US Federal Reserve has warned that soaring fuel prices are forcing Americans to cut back on non-essential spending, while businesses remain optimistic about economic growth despite lingering inflation and energy cost concerns ahead of the central bank's July policy meeting