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Hello, this is Amala Balakrishner, writing from Singapore. This week, I examine the outlook for Indian equities for the second half of the year and how it compares to its other Asian market peers.Daily activity in Old Delhi shows congestion, overpopulation and lifestyleDanny Lehman | The Image Bank | Getty ImagesThis report is from this week’s CNBC’s “Inside India” newsletter, which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here.Each weekday, CNBC’s “Inside India” news show gives you news and market commentary on the…

The House of Representatives votes on President Trump’s “big beautiful bill” reconciliation package in the House chamber in the U.S. Capitol on Thursday, July 3, 2025.Bill Clark | CQ-Roll Call, Inc. | Getty ImagesThe House of Representatives on Thursday passed President Donald Trump’s massive tax-and-spending bill, delivering him a major political victory and teeing him up to enshrine much of his sweeping domestic agenda into law.The final vote was 218-214, with two Republicans — Thomas Massie of Kentucky and Pennsylvania’s Brian Fitzpatrick — voting against it alongside all of the chamber’s Democrats.The bill now heads to Trump’s desk for his…

CNN  —  The deputy chief of the Russian Navy has been killed by Ukraine in Russia’s Kursk region, Oleg Kozhemyako, the governor of the Primorsky region in Russia’s far east, said Thursday. Guards Maj. Gen. Mikhail Gudkov, the Deputy Commander-in-Chief of the Russian Navy who also led a brigade that fought in Ukraine, was killed in the Russian border region that saw a successful Ukrainian incursion last year. He is one of Russia’s highest-ranking officers to have been killed since the start of the full-scale invasion of Ukraine three years ago. Kozhemyako previously handed Gudkov awards for bravery and said…

CNN  —  Electric vehicles are a common sight on roads across the world — but not everywhere. In Saudi Arabia, electric vehicles (EVs) account for just over 1% of overall car sales, according to PricewaterhouseCoopers’ (PwC) “eMobility Outlook 2024: KSA Edition,” published in September 2024. Globally, about 18% of all cars sold in 2023 were electric, according to the International Energy Agency. There are several roadblocks to the rollout of cleaner cars in the desert kingdom, but things are changing quickly. The Electric Vehicle Infrastructure Company (EVIQ) is at the forefront of that transformation. EVIQ was founded in late 2023…

Prime Minister Keir Starmer and Finance Minister Rachel Reeves to his right, looking visibly upset, in the House of Commons on Wednesday.Image sourced under the Open Parliament Licence v3.0All eyes are now on the U.K.’s ruling Labour Party for any sign of further political fractures that could rattle Britain’s economic stability, after the extraordinary sight of the country’s finance minister crying in parliament on Wednesday.U.K. bond yields spiked and the pound sank against the dollar and euro as tears fell down Chancellor Rachel Reeves’ face, as an apparently unaware Prime Minister Keir Starmer failed to back her when asked about…

The 10-year U.S. Treasury yield advanced on Thursday after June’s nonfarm payroll report came in hotter than anticipated.The benchmark 10-year yield rose more than 5 basis points to 4.346%. The 30-year bond yield added more than 3 basis points, sitting at 4.861%. The 2-year Treasury yield advanced more than 9 basis points to 3.886%.One basis point is equal to 0.01%, and yields move inversely to prices.U.S. payrolls increased by 147,000 in June, beating the consensus forecast of 110,000 from economists polled by Dow Jones. The unemployment rate fell to 4.1%.Thursday’s release eased fears about weakness in the labor market after the ADP payrolls report…

A Nike store in Hanoi, Vietnam, on July 3, 2025.Nhac Nguyen | Afp | Getty Images If I had to choose between having a job and paying less for Nike shoes, you’d see me running barefoot to the office. Wednesday’s market moves, however, suggested that Wall Street preferred the cheaper shoes.  The U.S. economy lost private sector jobs in June, the first time hiring had contracted since March 2023, according to payrolls processing firm ADP. It’s even more startling because a Dow Jones survey of economists had pegged job numbers to expand by 100,000.Meanwhile, U.S. President Donald Trump announced on…

CNN  —  A deferral on abortion. A major shift in turnout strategy. A reversal on early voting. President Donald Trump and his team made a series of political calculations steeped in cynicism months before the November 2024 election, according to a new book from a trio of reporters who chronicled the election – which ultimately laid the groundwork for his victory. It depicts a candidate more focused on winning than steadfast beliefs. CNN has exclusively obtained a passage from Josh Dawsey, Tyler Pager, and Isaac Arnsdorf’s “2024: How Trump Retook the White House and the Democrats Lost America.” The chapter…

Greg Taylor has described his decision to leave Celtic as the toughest of his career.The Scotland international joined Greek side PAOK on Tuesday after choosing not to sign a new contract with the Scottish champions. Taylor made more than 200 appearances and won 11 trophies during his six years at the club, including five league titles and a domestic treble under Ange Postecoglou in 2022/23.Current manager Brendan Rodgers was keen to keep the left-back in Glasgow, but the return of Kieran Tierney from Arsenal this summer made it likely that Taylor would be used as a backup for his international…

PROVIDENCE, R.I. (AP) — Passing a new law restricting assault weapons took Rhode Island lawmakers more than 10 years, but it may offer a road map to other states looking to ease the proliferation of such firearms.For advocates, the fight is a prime example of the current challenges to passing gun control measures in the U.S., particularly surrounding semiautomatic rifles that have become the weapon of choice among those responsible for most of the country’s devastating mass shootings.When Rhode Island’s bill was signed into law by Democratic Gov. Dan McKee late last month, its sponsor, Democratic Rep. Jason Knight, told…