Standard Chartered Bank economists Anubhuti Sahay, Saurav Anand and Nagaraj Kulkarni assess Indian states’ finances, projecting the aggregate FY27 fiscal deficit at 2.9% of GDP, similar to FY26. They highlight slower revenue proceeds, persistent high revenue expenditure and steady capex near 1.9% of Gross Domestic Product (GDP). Wider deficits should…
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After months of campaigning for a first-of-its-kind retroactive wealth tax in California, the union-led effort is now taking its next step. The Service Employees International Union–United Healthcare Workers West (SEIU-UHW) said it has collected more than 1.55 million signatures, according to a press release, nearly double the 875,000-signature requirement — to put a one-time tax on billionaire assets on the California ballot.The California Billionaire Tax Act would target the net worth of roughly 200 residents…
OpenAI has the green light to work with Amazon or any other cloud provider, though…
MUFG strategists say EUR/USD has retreated toward the middle of its 1.1400–1.2000 range as the…
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This as-told-to essay is based on a conversation with Meghan Quinn, the bestselling author of romance novels like “A Not So Meet Cute.” The following has been edited for length and clarity. Loading audio narration… I didn’t think becoming an author would be my end-all, be-all career.I worked for Special…
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In the rugged, salt-sprayed hills of Malibu and the sun-drenched valleys of Moorpark, the Golden State is losing its luster. For nearly 80 years, Larry Thorne’s family has watched the Pacific fog roll over fields that feed the community, but today the view is clouded by a different kind of…
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The Chinese government has ordered Meta to unwind its acquisition of Manus, an AI startup that builds autonomous agents. Loading audio narration… Meta announced it would acquire Manus in December as part of a push into building general-purpose AI agents across its products.China’s National Development and Reform Commission said on…
