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Israel announces major expansion of settlements in occupied West Bank Israel announces major expansion of settlements in occupied West Bank Israeli ministers say 22 new Jewish settlements have been approved in the occupied West Bank – the biggest expansion in decades. Several already exist as outposts, built without government authorisation, but will now be made legal under Israeli law, according to Defence Minister Israel Katz and Finance Minister Bezalel Smotrich. The issue of settlements – which are widely seen as ******** under international law, though Israel disputes this – is one of the most contentious areas of dispute between Israel and the Palestinians. Katz said the move “prevents the establishment of a ************ state that would endanger Israel”, while the ************ presidency called it a “dangerous escalation”. The Israeli anti-settlement watchdog Peace Now said the new settlements would “dramatically reshape the West Bank and entrench the occupation even further”. Israel has built about 160 settlements housing some 700,000 Jews since it occupied the West Bank and East Jerusalem – land the Palestinians want as part of a future state – in the 1967 Middle East war. Source link #Israel #announces #major #expansion #settlements #occupied #West #Bank Pelican News View the full article at [Hidden Content]
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KalGold secures 75 per cent stake in fruitful WA gold project KalGold secures 75 per cent stake in fruitful WA gold project Kalgoorlie Gold Mining has locked in a 75 per cent stake in its highly prospective Pinjin gold project near Kalgoorlie, completing the first milestone of its farm-in agreement over the project. The company has sealed the deal with a $1.65 million all-cash settlement for the project, which incorporates its Kirgella Gift and Providence mineral resources, alongside its promising breakout Lighthorse discovery and Wessex gold prospect. KalGold says potential remains for it to earn full ownership over the project upon a decision to mine the resources. The development means the company is now firmly positioned as a potential toll treating operation in Western Australia’s gold-rich Laverton Tectonic Zone. The farm-in agreement covers four exploration tenements and several prospecting licences, marking a pivotal step for KalGold. The company surpassed all its required metrics to reach its three-quarter stake in under two years. It swiftly defined a 76,400-ounce shallow gold resource at Kirgella Gift and Providence, grading a mineable 1 grams per tonne (g/t) gold, while unearthing significant gold anomalism at both Lighthorse and Wessex. The Lighthorse corridor, in particular, shows massive resource potential. Stretching north to within 1 kilometre of Hawthorn Resources’ Anglo Saxon open pit mine, which is under care and maintenance, Lighthorse provides serious exploration upside as KalGold looks to develop its defined resources. “In less than two years, the company has defined over 75,000 ounces of gold in a near-surface JORC resource at Kirgella Gift and Providence. Beyond this, we have defined gold mineralisation and anomalism across multiple prospects throughout the tenement package, including the hugely prospective Lighthorse and Wessex prospects.” Kalgoorlie Gold Mining managing director Matt Painter The company says its all-cash settlement minimises dilution to its shareholders, while maximising the upside for gold-hungry investors. Under the agreement, the vendors are free carried until a bankable feasibility study or decision to mine, at which point they must contribute costs or convert their 25 per cent interest into a 2 per cent net smelter royalty. Should KalGold reach a decision to mine, the company could secure full ownership of the project, cementing its control over a project sitting just 25km north of Ramelius Resources’ 1-million-ounce Rebecca gold project. Rebecca is set for first production in 2027. KalGold’s Pinjin project lies within the prolific Laverton Tectonic Zone, a crustal-scale suture hosting giants such as the Sunrise Dam, Granny Smith and Wallaby gold mines, which have a combined output of 30M ounces gold. The company’s tenure spans a multi-kilometre corridor ripe for exploration, which is already turning up economic gold. Alongside it, historic Newmont prospects, such as T12 and T15, are yet to be fully tested. February’s Lighthorse discovery has already lit up the market with more than a 400 per cent share price run on reports of high-grade hits, including 17m at 4.81g/t gold from 48m and 9m at 3.52 g/t gold from 58m. A recent reverse circulation drilling program confirmed primary orogenic gold mineralisation beneath a supergene blanket, pointing to a potentially large hydrothermal system. KalGold is wasting no time, with plans to accelerate air core, reverse circulation and and diamond drilling across the 2.4km Lighthorse corridor and beyond. Targeted geophysical programs are also on the horizon, designed to sniff out alteration zones, structures and new mineralisation. The company’s track record speaks for itself: It defined 214,000 ounces of gold across its WA portfolio, including the 138,000-ounce La Mascotte deposit at its Bulong Taurus project at a discovery cost of $4.60 per ounce. The company says the farm-in deal strengthens KalGold’s position to engage strategic partners. Its commanding tenure and low-cost discovery model is drawing attention in a gold market buoyed by prices above $5000 per ounce, more than 1000 times KalGold’s current rate of discovery. With a clear path to potential production of its near-surface supergene gold deposits and a pipeline of exploration catalysts, KalGold is shaping up as a serious contender as a cash-flushed WA gold producer. Is your ASX-listed company doing something interesting? Contact: *****@*****.tld Source link #KalGold #secures #cent #stake #fruitful #gold #project Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]
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Slovakia’s central bank chief convicted of bribery and fined $225,000 Slovakia’s central bank chief convicted of bribery and fined $225,000 BRATISLAVA, Slovakia (AP) — Slovakia’s central bank chief, who is a member of the European Central Bank committee that decides monetary policy for 20 countries, was convicted of bribery and fined 200,000 euros ($225,000) on Thursday. The verdict against central bank Gov. Peter Kažimír was issued by Judge Milan Cisarik at the country’s Special Criminal Court in Pezinok. Kažimír’s attorneys argued that he should have been acquitted because of the recent changes in Slovakia’s penal code, which reduced punishment for corruption and that recently ended a number of corruption cases and trials. Kažimír wasn’t present at the court. He said in a statement that he would appeal. His six-year term in office expires on Sunday. Kažimír was accused of paying a bribe of 48,000 euros ($54,000) at the turn of the year in 2017-18 to the head of the country’s tax office in connection with a tax audit of several private companies. At the time, Kažimír was acquiring a luxury villa located in an upscale neighborhood of Bratislava, the capital, from the owner of the companies. Kažimír, who pleaded not guilty, had previously said that he considered the charges to be ******** and fabricated. The case dates to when Kažimír served as finance minister in the leftist government of populist Prime Minister Robert Fico from 2012 to 2019. He was a member of Fico’s Smer, or Direction, party before taking the central bank job. Smer lost the 2020 general election and was replaced by a coalition government whose parties campaigned on an anti-corruption ticket. Since that government took power, a number of people linked to Fico’s party faced prosecution in corruption scandals. Kažimír was the first minister of Fico’s government to stand trial. Slovakia is one of 20 countries that use the euro currency, and Kažimír is a member of the ECB’s governing council, its main decision-making body. A number of people linked to the prime minister’s party faced prosecution in corruption scandals. Fico returned to power for the fourth time in 2023 after his leftist party Smer won the Sept. 30 parliamentary election on a pro-Russia and anti-American platform. In February 2024, lawmakers loyal to Fico’s new coalition government approved changes to the penal code and eliminated the office of the special prosecutor that deals with major crime and corruption. The legislation faced sharp criticism at home and abroad while thousands of Slovaks repeatedly took to the streets to protest. The changes include a reduction in punishments for corruption and some other crimes, including the possibility of suspended sentences, and a significant shortening of the statute of limitations. Source link #Slovakias #central #bank #chief #convicted #bribery #fined Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]
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Trump expected to find a workaround after trade court blocks tariffs Trump expected to find a workaround after trade court blocks tariffs US President Donald Trump prepares to sign executive orders in the Oval Office of the White House in Washington, DC, on May 23, 2025. Mandel Ngan | Afp | Getty Images U.S. President Donald Trump is expected to find a workaround after suffering a major blow to a core part of his economic agenda. The U.S. Court of International Trade on Wednesday ruled that the president had overstepped his authority by invoking the International Emergency Economic Powers Act (IEEPA) to impose sweeping tariffs on numerous countries. The Manhattan-based court not only ordered a permanent halt to most of Trump’s tariffs, but also barred any future modifications to them. A panel of three judges gave the White House 10 days to complete the formal process of halting the tariffs. The Trump administration swiftly appealed the ruling. Economists at Goldman Sachs said the White House has a few tools at its disposal that could ensure it is only a temporary problem. “This ruling represents a setback for the administration’s tariff plans and increases uncertainty but might not change the final outcome for most major US trading partners,” analysts at Goldman Sachs said in a research note. “For now, we expect the Trump administration will find other ways to impose tariffs,” they added. Four options on the table The Wall Street bank said the ruling blocks the 10% baseline tariff imposed by Trump on most imports, as well as the additional tariffs on China, Canada and Mexico – but not sectoral tariffs, such as those imposed on steel, aluminum and autos. The Trump administration does have other legal means of imposing tariffs, however, according to Goldman. These include Section 122 of the Trade Act of 1974, Section 301 and Section 338 of the Trade Act of 1930. Section 122 does not require a formal investigation and could therefore be one of the swiftest ways to get around the court roadblock. “The administration could quickly replace the 10% across-the-board tariff with a similar tariff of up to 15% under Sec. 122,” analysts at Goldman said. They noted, however, that such a move would only last for up to 150 days after which law requires Congressional action. Trump could also swiftly launch Section 301 investigations on key U.S. trading partners, laying the bureaucratic groundwork for tariffs, although Goldman said that this process will likely take several weeks at a minimum. Section 232 tariffs, which are already in place for steel, aluminum and auto imports, could also be broadened to other sectors, while Section 338 allows the president to impose levies of up to 50% on imports from countries that discriminate against the U.S. Goldman noted that the latter has not been used before. What about the Supreme Court? James Ransdell, partner at the law firm Cassidy Levy Kent, said the court opinion marks the first of many other cases still pending — and the first substantive opinion out of federal court “to really address the meat of the plaintiffs challenge.” Ransdell said the speed of the Trump administration’s appeal was “very unusual” and suggests the government could be working through the night to prepare its motion for an emergency stay of the order. He added that it was “certainly a possibility” that the Supreme Court could end up having the last say. “There is not a lot of precedent on this particular statute and on similar actions by the president so there might be an interest that the Supreme Court has in taking this up,” Ransdell told CNBC’s “The China Connection” on Thursday. Traders work on the floor of the New York Stock Exchange during morning trading on May 27, 2025 in New York City. Michael M. Santiago | Getty Images Steven Blitz, chief U.S. economist at TS Lombard, said Trump had a “very good” level of understanding of how to play the courts to get what he wants in terms of playing for time. “The first thing he will probably do is an emergency appeal to the Supreme Court … wanting to get a ruling from them that basically says you can keep these tariffs in place while the appeals process runs through,” Blitz said Thursday. “This king-like executive order was always going to, at some point, going to run into the courts … The difference between being a monarchy and being a constitutional democracy is the legal system,” he added. Source link #Trump #expected #find #workaround #trade #court #blocks #tariffs Pelican News View the full article at [Hidden Content]
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Victoria’s Secret hit by outages as it battles security incident – TechCrunch Victoria’s Secret hit by outages as it battles security incident – TechCrunch Victoria’s Secret hit by outages as it battles security incident TechCrunchVictoria’s Secret Security Incident Disrupts Website, Email Bloomberg.comVictoria’s Secret responds after website, app shutdown leaving customers in the dark nbc4i.comVictoria’s Secret tech glitch disrupts operations in Ohio, worldwide WSYXVictoria’s Secret pulls down website amid security incident Yahoo Finance Source link #Victorias #Secret #hit #outages #battles #security #incident #TechCrunch Pelican News View the full article at [Hidden Content]
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Woman, accused argued before fatal fire, say neighbours Woman, accused argued before fatal fire, say neighbours A shocked British house guest told neighbours how he and a woman had an argument the night she was found dead and her house burnt down, a jury has heard. Source link #Woman #accused #argued #fatal #fire #neighbours Pelican News View the full article at [Hidden Content]
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Moving lower among the most popular loan terms Moving lower among the most popular loan terms Mortgage interest rates are lower today across the most popular loan terms. According to Zillow, the average 30-year fixed rate fell by four basis points to 6.86%, the 20-year fixed rate dropped 11 basis points to 6.61%, and the 15-year mortgage rate slipped five basis points to 6.06%. Bond yields have moved lower since their peak one week ago, and that’s influencing mortgage rates to sag as well. With all of the elevator moves up and down, rates remain just eight basis points from where they were one year ago. And we have a cushion from the peak for the 30-year mortgage of 7.04% in mid-January. Read more: Housing costs are still the stickiest part of an otherwise cool inflation report Here are the current mortgage rates, according to the latest Zillow data: 30-year fixed: 6.86% 20-year fixed: 6.61% 15-year fixed: 6.06% 5/1 ARM: 7.04% 7/1 ARM: 6.73% 30-year VA: 6.39% 15-year VA: 5.76% 5/1 VA: 6.42% Remember, these are the national averages and rounded to the nearest hundredth. Learn more: Here’s how mortgage rates are determined These are today’s mortgage refinance rates, according to the latest Zillow data: 30-year fixed: 6.96% 20-year fixed: 6.80% 15-year fixed: 6.21% 5/1 ARM: 7.33% 7/1 ARM: 6.72% 30-year VA: 6.41% 15-year VA: 5.91% 5/1 VA: 6.22% Again, the numbers provided are national averages rounded to the nearest hundredth. Mortgage refinance rates are often higher than rates when you buy a house, although that’s not always the case. Use the mortgage calculator below to see how various interest rates and loan amounts will affect your monthly payments. It also shows how the term length plays into things. To dive deeper, use the Yahoo Finance mortgage calculator, which includes homeowners insurance and property taxes in your monthly payment estimate. You even have the option to enter costs for private mortgage insurance (PMI) and homeowners’ association dues if those apply to you. These details result in a more accurate monthly payment estimate than if you simply calculated your mortgage principal and interest. There are two main advantages to a 30-year fixed mortgage: Your payments are lower, and your monthly payments are predictable. A 30-year fixed-rate mortgage has relatively low monthly payments because you’re spreading your repayment out over a longer ******* of time than with, say, a 15-year mortgage. Your payments are predictable because, unlike with an adjustable-rate mortgage (ARM), your rate isn’t going to change from year to year. Most years, the only things that might affect your monthly payment are any changes to your homeowners insurance or property taxes. The main disadvantage to 30-year fixed mortgage rates is mortgage interest — both in the short and long term. A 30-year fixed term comes with a higher rate than a shorter fixed term, and it’s higher than the intro rate to a 30-year ARM. The higher your rate, the higher your monthly payment. You’ll also pay much more in interest over the life of your loan due to both the higher rate and the longer term. The pros and cons of 15-year fixed mortgage rates are basically swapped from the 30-year rates. Yes, your monthly payments will still be predictable, but another advantage is that shorter terms come with lower interest rates. Not to mention, you’ll pay off your mortgage 15 years sooner. So you’ll save potentially hundreds of thousands of dollars in interest over the course of your loan. However, because you’re paying off the same amount in half the time, your monthly payments will be higher than if you choose a 30-year term. Dig deeper: 15-year vs. 30-year mortgages Adjustable-rate mortgages lock in your rate for a predetermined amount of time, then change it periodically. For example, with a 5/1 ARM, your rate stays the same for the first five years and then goes up or down once per year for the remaining 25 years. The main advantage is that the introductory rate is usually lower than what you’ll get with a 30-year fixed rate, so your monthly payments will be lower. (Current average rates don’t reflect this, though — fixed rates are actually lower. Talk to your lender before deciding between a fixed or adjustable rate.) With an ARM, you have no idea what mortgage rates will be like once the intro-rate ******* ends, so you risk your rate increasing later. This could ultimately end up costing more, and your monthly payments are unpredictable from year to year. But if you plan to move before the intro-rate ******* is over, you could reap the benefits of a low rate without risking a rate increase down the road. Learn more: Adjustable-rate vs. fixed-rate mortgage The national average 30-year mortgage rate is 6.86% right now, according to Zillow. But keep in mind that averages can vary depending on where you live. For example, if you’re buying in a city with a high cost of living, rates could be even higher. Mortgage rates will likely remain in a tight range over the next few months. There are many questions regarding the economy, inflation, and the job market. Don’t look for big moves in interest rates unless bad economic news builds. Not significantly. Mortgage rates continue to be about where they were one year ago. In many ways, securing a low mortgage refinance rate is similar to when you bought your home. Try to improve your credit score and lower your debt-to-income ratio (DTI). Refinancing into a shorter term will also land you a lower rate, though your monthly mortgage payments will be higher. Source link #Moving #among #popular #loan #terms Pelican News View the full article at [Hidden Content]
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Fed May Meeting Minutes Are Out. What to Know. – Barron's
Pelican Press posted a topic in World News
Fed May Meeting Minutes Are Out. What to Know. – Barron's Fed May Meeting Minutes Are Out. What to Know. – Barron's Fed May Meeting Minutes Are Out. What to Know. Barron’sThe Fed Forecasts Stagflation WSJFed worried it could face ‘difficult tradeoffs’ if tariffs reaggravate inflation, minutes show CNBCFed ‘Well Positioned’ to Wait on Rate Cuts Even as Economic Risks Rise, Minutes Show The New York TimesFed Well Positioned to Wait for Clarity on Outlook, Minutes Say Bloomberg.com Source link #Fed #Meeting #Minutes #Barron039s Pelican News View the full article at [Hidden Content] -
Flyadeal CEO on wet leasing deal with Cebu Pacific & flights to Syria Flyadeal CEO on wet leasing deal with Cebu Pacific & flights to Syria ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Steven Greenway, CEO of Saudi Arabia’s low-cost carrier flyadeal, says that “competition is a given” amongst the low-cost carrier portion of the airline industry and shares how he is repositioning flights to meet the new demand for flights to Syria. Source link #Flyadeal #CEO #wet #leasing #deal #Cebu #Pacific #flights #Syria Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]
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Flyadeal CEO on wet leasing deal with Cebu Pacific & flights to Syria Flyadeal CEO on wet leasing deal with Cebu Pacific & flights to Syria ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Steven Greenway, CEO of Saudi Arabia’s low-cost carrier flyadeal, says that “competition is a given” amongst the low-cost carrier portion of the airline industry and shares how he is repositioning flights to meet the new demand for flights to Syria. Source link #Flyadeal #CEO #wet #leasing #deal #Cebu #Pacific #flights #Syria Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]
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Erin Patterson 'venting' to friends on husband's family Erin Patterson 'venting' to friends on husband's family Lawyers for accused triple ********* Erin Patterson say she had been “venting” to her online friends when she sent frustrated messages about her former in-laws. Source link #Erin #Patterson #039venting039 #friends #husband039s #family Pelican News View the full article at [Hidden Content]
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Silicon Quantum Computing CEO on Quantum Industry Silicon Quantum Computing CEO on Quantum Industry Silicon Quantum Computing CEO on Quantum Industry Source link #Silicon #Quantum #Computing #CEO #Quantum #Industry Pelican News View the full article at [Hidden Content]
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IKEA now sells affordable heat pumps in even more countries, and is ‘actively’ looking to launch them in more places IKEA now sells affordable heat pumps in even more countries, and is ‘actively’ looking to launch them in more places IKEA now sells air-to-water and air-to-air heat pumps Part of commitment to affordable renewable energy home solutions The heat pumps are available now in Sweden, Italy, Spain and coming soon to Germany IKEA is no longer just the place you’ll visit to pick up a cheap flat-pack wardrobe or get your Swedish meatball fix; soon it might be the company you turn to to upgrade your home energy system. Late last month (April 2025), IKEA introduced a range of new affordable heat pumps in some European countries, as part of a commitment to make renewable energy solutions accessible to more people. Heat pumps are a more sustainable source of home energy than conventional central heating systems. Rather than relying on fossil fuels, heat pumps simply use the air around them to generate heat to warm your home or hot water for your showers. The heat pump offerings are currently available in Sweden, Italy, and Spain, and will soon also go on ***** in Germany. It looks like more countries could be added to the list, too. A spokesperson told us: “We are actively exploring opportunities to expand into additional markets.” You may like (Image credit: IKEA) However, when asked about the *** specifically, the answer was less promising. The spokesperson told us IKEA was “deeply committed to making sustainable living more accessible and affordable to the many” and that it continued to “explore a range of possible services and solutions in support of a more sustainable future”. They flagged services like BuyBack, Re-shop and Re-use online and mattress take-back, but didn’t make any reference to heat pumps specifically. Reading between the lines, it sounds like IKEA is open to the idea of launching heat pumps in the ***, but it’s not in the pipeline right now. Sustainable solutions There are two systems in the IKEA heat pump range. Air-to-water heat pumps offer heating, hot water and cooling, and are designed to work with an existing system. Air-to-air heat pumps offer heating and cooling options in a single unit, but no hot water. The venture is part of a partnership with Svea Solar, a Swedish solar energy specialist that IKEA has been working with on its sustainable energy solutions since 2020. According to Taner Karacan, Managing Director of Svea Solar Germany, using a heat pump can “reduce CO2 emissions by up to three-quarters”. Sign up for breaking news, reviews, opinion, top tech deals, and more. We don’t have any actual prices – if you live in a country where the heat pumps are already available, it looks like you’ll need to request an assessment to see if one can be fitted it your home, which suggests how much the pump costs will vary depending on the situation. However, IKEA is clearly pitching them as a more affordable option. The initial press release makes reference to significant government subsidies (“up to 70%”) to bring down costs further. What is available will vary from country to country – that number looks like it’s for Germany – but it’s certainly something worth looking into if you’re thinking of getting one of these fitted. IKEA is also offering an additional 15% discount if you’re part of its Family or Business loyalty scheme. You might also like… Source link #IKEA #sells #affordable #heat #pumps #countries #actively #launch #places Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]
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Stocks, dollar rally as Trump tariffs hit court roadblock – Reuters Stocks, dollar rally as Trump tariffs hit court roadblock – Reuters Stocks, dollar rally as Trump tariffs hit court roadblock ReutersFederal court blocks Trump from imposing sweeping tariffs under emergency powers law AP NewsTrump administration to fight court tariff ruling as aide labels it a ‘judicial coup’ – US politics live The GuardianUS court blocks most Trump tariffs, says president exceeded his authority ReutersCourt strikes down many of Trump’s tariffs, ruling them ******** CBS News Source link #Stocks #dollar #rally #Trump #tariffs #hit #court #roadblock #Reuters Pelican News View the full article at [Hidden Content]
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Guy Sebastian to take stand in trial of ex-manager over embezzlement allegations Guy Sebastian to take stand in trial of ex-manager over embezzlement allegations Guy Sebastian is expected to take the stand in a Sydney court in the coming days as his former manager battles allegations he embezzled hundreds of thousands of dollars from the Aussie pop star. Titus Emanuel Day is standing trial in the NSW District Court where he has denied he embezzled hundreds of thousands in royalties and performance fees owed to the superstar musician. On day one of Mr Day’s trial on Thursday, Crown prosecutor Brett Hatfield SC told the jury that the inaugural *********** Idol winner had an arrangement with Mr Day and his company 6 Degrees to manage his career and affairs. Mr Hatfield told the court that Mr Sebastian placed a “significant trust” in his manager and that he “abused” that by embezzling his money. “Through his role as Mr Sebastian’s manager, and his capacity of collecting his money on behalf of Mr Sebastian, the accused is alleged to have embezzled Mr Sebastian’s money and he’s done that by collecting Mr Sebastian’s money and failing to remit it in accordance with his agreement,” Mr Hatfield said. Camera IconGuys Sebastian’s former manager Titus Day is facing trial in the NSW District Court. NewsWire / John Appleyard. Credit: News Corp Australia Mr Day has pleaded not guilty to 34 counts of embezzlement as a clerk or servant and one count of attempting to dishonestly obtain financial advantage by deception. Mr Sebastian is expected to be called to give evidence in the coming days. The court was told on Thursday afternoon that Mr Sebastian was previously managed by the 22 Management agency, where he first worked with Mr Day. He then agreed to join Mr Day’s 6 Degrees company as a marquee client when Mr Day broke away and formed his own company in 2009. The court heard that their relationship began to deteriorate over time after he found what he alleged were irregularities in his financial records. The court heard that Mr Day worked on a commission of 20 per cent of Mr Sebastian’s income after costs. It’s alleged by the Crown that Mr Day failed to remit performance fees and royalties which were collected on Mr Sebastian’s behalf. Camera IconTitus Day and Guy Sebastian before their split. Supplied Credit: News Corp Australia The court was told that one of the charges related to an allegation that Mr Day failed to remit $187,000 to Mr Sebastian for performance fees as a support act for Taylor Swift on her 2013 tour of Australia. The court was told that in 2018 Mr Sebastian filed proceedings in the Federal Court, which prompted Mr Day and 6 Degrees to file a counterclaim. “Mr Sebastian will tell you that this agreement reposed significant trust in the accused and the Crown case is that the accused abused this trust by dishonestly embezzling Mr Sebastian’s money,” Mr Hatfield said. The trial before Judge Alister Abadee will continue with Mr Hatfield’s opening submissions on Friday before Mr Day’s barrister Thomas Woods will give his opening to the jury. Source link #Guy #Sebastian #stand #trial #exmanager #embezzlement #allegations Pelican News View the full article at [Hidden Content]
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4 Things to Stop Doing After 5 P.M. If You Have High Cholesterol, According to Dietitians 4 Things to Stop Doing After 5 P.M. If You Have High Cholesterol, According to Dietitians Reviewed by Dietitian Kelly Plowe, M.S., RD Design elements: Getty Images. EatingWell design. Managing high cholesterol levels may mean making lifestyle changes you can sustain all day. To manage high cholesterol levels, nutrition experts share the top habits to avoid after 5 p.m. Limiting alcohol, snacking and irregular sleep schedules can help keep your cholesterol in check. 4 Things to Avoid After 5 P.M. If You Have High Cholesterol, According to Experts High cholesterol is a risk factor for cardiovascular disease, raising your risk for heart attack and stroke. Adopting lifestyle changes you can sustain can help get your cholesterol levels in check, which is essential for managing your long-term health. While the start of your day is a crucial time to get on track with these healthy habits, how you wind down the day matters, too. Nutrition experts share the top four habits they want you to avoid after 5 p.m. if you have high cholesterol. 1. Snacking Snacking later in the evening may lead to eating more overall calories and a greater intake of saturated **** and added sugar. Jennifer O’Donnell-Giles, M.S., RDN, agrees that late-night snacking tends to involve processed foods that are high in **** and sugar, which can raise LDL cholesterol: “The excess calories and lack of movement late at night make them more likely to be stored as ****. Choose nutrient-dense options or skip the snack if you’re not truly hungry.” If you find yourself overdoing it on the p.m. snacking, then you may want to look at what you’re noshing on earlier in the day. Not eating balanced meals during the day can leave you feeling hungry. Ensuring that your meals include a mix of fiber-filled carbohydrates, healthy fats and lean protein can help you feel satisfied. Additionally, mindless snacking at night can also be due to stress or some other cause. “Tuning into hunger cues is important while also knowing if it’s a habitual thing, boredom thing or true hunger,” says O’Donnell-Giles. If you choose to snack, consider it an opportunity to add nutrients to your diet that can help manage cholesterol. “Adding foods that are high in fiber, like oatmeal, whole grains, chia seeds, beans, fruits and veggies, can help lower cholesterol levels,” says Amy Woodman, RD. Try some of our favorite high-fiber snacks the next time you feel the urge to nosh late at night. 2. Skipping Your Regular Bedtime Keeping a consistent bedtime routine isn’t just for kids—it benefits adults, too. An inconsistent sleep schedule can disrupt your circadian rhythm, which is detrimental to sleep quality. This, in turn, can have a negative effect on cholesterol levels. “Sleep impacts cholesterol more than most people realize,” says O’Donnell-Giles, emphasizing that poor or inconsistent sleep can raise LDL cholesterol and lower HDL cholesterol., Not getting enough sleep can lead to increases in cortisol and inflammation, both of which can have negative impacts on cholesterol levels., “Adequate sleep, along with a regular bedtime, helps regulate lipid metabolism and reduces inflammation,” says O’Donnell-Giles. Not getting enough sleep also disrupts hormones that regulate hunger and fullness, which can negatively affect food choices throughout the day. To combat these effects, find a bedtime that works for your schedule while also aiming for at least seven hours of sleep per night. Tips like avoiding screens in the few hours before bed and skipping large meals close to bedtime can help improve your sleep quality. 3. Drinking Alcohol Cutting back on alcohol can benefit your health, including your cholesterol levels. But if you choose to drink, know that when and what you drink also plays a role in managing your cholesterol. Drinking later in the day, especially within a few hours of bedtime, may help you fall asleep, but your overall quality of sleep could suffer. And we know falling short on quality sleep consistently can increase inflammation and cortisol levels, in turn, negatively affecting cholesterol levels. While there’s no ideal time of day to drink alcohol to avoid these negative health effects, the late-night intake may be particularly bad for cholesterol for a variety of reasons. “Late-night alcohol can increase triglycerides, disrupt sleep and trigger poor food choices,” says O’Donnell-Giles. “I recommend limiting alcohol—especially at night—if you’re working to lower cholesterol.” Instead, try making a mocktail or infused water as a special drink, versus one that contains alcohol. Making this swap even a few nights per week can help improve your sleep quality while also lowering total calorie intake, particularly if you choose low- or no-added-sugar beverages in place of alcohol. 4. Eating Foods High in Saturated **** and Added Sugar In general, it’s best to limit excess saturated **** and added sugar in the diet, especially if you are prioritizing heart health. Eating foods that are high in one or more of these nutrients later in the day can result in unintentionally adding excess calories, saturated **** and added sugar to your diet. “Unfortunately, the most common after-dinner snacks that people tend to reach for are chips or sweets that are often high in saturated fats,” says Woodman. Research indicates that eating later in the night leads to greater caloric intake overall and is associated with poor diet quality. If you have high cholesterol, it’s best to skip fried foods, heavy fatty meals, sugary desserts, processed carbs and mindless snacking, says O’Donnell-Giles. “Focus instead on balanced, whole-food dinners with fiber, lean protein and healthy fats.” The Bottom Line Managing your cholesterol requires making sustainable lifestyle changes. This includes changes to your nightly routine, like what and when you eat, as well as improving your sleep hygiene. “Focus on fiber, healthy fats (think avocados, nuts, olive oil), lean protein and whole grains,” says Bess Berger, RDN. If you choose to snack late at night, stick to whole, nutrient-dense foods that are filling and satisfying. Get on a consistent schedule to promote healthy sleep habits. Berger recommends turning off electronics before bed and aiming for seven to nine hours of sleep per night. Remember, managing your health is a 24-hour job, and mixing up your nightly routine to better support your health will go a long way in helping you reach your long-term goals to feel your best. Read the original article on EATINGWELL Source link #Stop #P.M #High #Cholesterol #Dietitians Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]
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Google says Instagram fixed a battery drain issue on Android – The Verge Google says Instagram fixed a battery drain issue on Android – The Verge Google says Instagram fixed a battery drain issue on Android The VergeGoogle says Pixel battery woes on May update were due to Instagram bug 9to5GoogleGoogle says Instagram has been tanking your battery, but a fix is out Android PoliceThis popular social media app is draining your Android phone’s battery, Google confirms MoneycontrolGoogle issues warning – update Instagram on Android to stop battery drain The Shortcut | Matt Swider Source link #Google #Instagram #fixed #battery #drain #issue #Android #Verge Pelican News View the full article at [Hidden Content]
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Ford income falls 65 per cent as Trump's tariffs bite Ford income falls 65 per cent as Trump's tariffs bite US car giant Ford says tariffs applied by the Trump administration may cost it billions, and has delayed its financial forecast due to the uncertainty. Source link #Ford #income #falls #cent #Trump039s #tariffs #bite Pelican News View the full article at [Hidden Content]
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Sorry, Clovis students. No graduation ceremony if you break the rules Sorry, Clovis students. No graduation ceremony if you break the rules Two of my close friends in high school got in big trouble the last week before our graduation. It was 1977 in Santa Barbara, and we seniors were attending class with as little effort as possible. We suffered from “senioritis,” and were already done with San Marcos High School, even if the diplomas still had to be handed to us. In a moment of boredom one of those final school mornings, my friends decided to skip class and do something more fun. They hopped into one guy’s dune buggy — a souped-up Volkswagen Bug — and drove the bright-yellow, loud vehicle up hallways on campus. They got caught. Their rule-breaking stunt disqualified them from many activities planned for seniors before graduation. The memory came back to me in light of some students at Clovis North and Buchanan high schools who got busted for having alcohol on a party bus headed to their May 3 prom. Graduation rules A Bee account by staff writer Nick Fenley said about 30 students were involved in the alcohol ******. Of those, about nine students took responsibility for their misdeeds after Clovis Unified School District officials encouraged the youths to admit to their involvement. An attorney representing the students told Fenley that the seniors who came clean won’t be able to take part in their graduation ceremony. The other kids did not admit to any wrongdoing and don’t face the same penalty, said lawyer Steve Smith. One of those who self-reported expressed remorse to the Clovis Unified school board. “I made a huge mistake being on a limo bus that contained alcohol. I felt lost and pressured to do things that didn’t align with what actually happened that night. But at the end of the day, I went and stood in the line that I understood was admitting to alcohol being on the bus,” one student said in a statement read by Smith. Clovis North controversy Some of the students pleaded with the school board to be allowed to take part in graduation by saying they had high grade-point averages, participated in extracurricular activities and boasted a history of attending Clovis Unified schools. But Kelly Avants, the chief communications officer for Clovis Unified, said Tuesday that the district would not relent on its stance. Students sign a “Senior Expectations and Graduation Ceremony Contract,” which makes clear that violating its terms results in being denied the chance to take part in the graduation ceremony. Clovis North also has a dance contract that makes clear disciplinary action awaits any student who is found to have used drugs or alcohol before a school dance. High school seniors have been getting in trouble ever since graduation ceremonies began. That is why districts came up with specific rules governing acceptable behaviors. The Clovis Unified students who got disqualified from graduation are suffering right now — both Buchanan and Clovis North hold their ceremonies next week. But they are also learning a final high school lesson: Rules are not made to be broken, but followed. From a yellow VW bug to a limo bus, that instruction is always the same — and that’s a good thing. Tad Weber, opinion writer at The Fresno Bee Source link #Clovis #students #graduation #ceremony #break #rules Pelican News View the full article at [Hidden Content]
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Ragnarok Crush offers match-3 merge gameplay with tower defence elements, now in pre-registration Ragnarok Crush offers match-3 merge gameplay with tower defence elements, now in pre-registration Clear the board with match-3 and merge elements Defend against the onslaught with familiar RO skills Pre-register now on Google Play If you’re still looking for other ways you can enjoy Prontera’s sprawling castles after Ragnarok X: Next Generation launched early this month, Gravity Game Hub is adding another adventure to look forward to – Ragnarok Crush. The charming match-3-slash-merge-slash-tower-defence will have you clearing stages with familiar Ragnarok Online characters, plus roguelike skills thrown into the mix too. In Ragnarok Crush, you can look forward to challenging MVP Bosses and rediscovering Midgard in a more casual way. As you merge allies on the board, you’ll gain more combat power and skills to progress your hero, and with Prontera, Payon, and other fan-fave maps popping up too. Honestly, it’s really the nostalgia fueling my interest here, especially since RO is such a beloved franchise. It’s not hard to see how this would appeal to fans of the IP, but given its seemingly low barrier to entry, I don’t doubt newbies to the franchise might find it interesting too. For now, if you’re on the hunt for something similar while you wait for the official launch, why not take a look at our list of the best match-3 games on Android to get your fill? In the meantime, if you’re eager to join in on all the fun, you can do so by pre-registering for Ragnarok Crush on Google Play. It’s free-to-play with in-app purchases on Android, but it seems there’s no official link to the App Store just yet for iOS users. For what it’s worth, the Closed Beta Test actually just concluded last May 15th, so we might not have to wait too long until it’s officially released. You can also join the community of followers on the official Facebook page to stay updated on all the latest developments, or visit the official website for more info. Source link #Ragnarok #Crush #offers #match3 #merge #gameplay #tower #defence #elements #preregistration Pelican News View the full article at [Hidden Content]
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Bears QB Caleb Williams insists ‘I wanted to come here’ in response to book details – The New York Times Bears QB Caleb Williams insists ‘I wanted to come here’ in response to book details – The New York Times Bears QB Caleb Williams insists ‘I wanted to come here’ in response to book details The New York TimesWilliams makes it clear he wanted to be a Bear ESPNWhy ending up on the Bears was a blessing in disguise for Caleb Williams FOX SportsCaleb Williams addresses predraft ‘ideas’ about evading Chicago Bears — and declares: ‘I wanted to come here’ Chicago TribuneCaleb Williams: I wanted to come here, I love being here NBC Sports Source link #Bears #Caleb #Williams #insists #wanted #response #book #details #York #Times Pelican News View the full article at [Hidden Content]
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Waratahs seek strong start to beat Eden Park curse Waratahs seek strong start to beat Eden Park curse Struggling at Eden Park is a familiar story for most *********** rugby sides and the NSW Waratahs are no exception. The Waratahs haven’t won in Auckland since 2009 but coach Dan McKellar says, if his team can avoid being blown off the park early in Saturday’s clash, they have every chance of keeping their Super Rugby Pacific finals hopes alive. The Waratahs must beat the Blues and hope the Hurricanes beat Moana Pasifika later on Saturday to sneak into the last finals place. “I think places like Eden Park, you just need to be in it with 20 minutes to go,” McKellar said on Thursday. “Don’t let them get off to a fast start and blow you away. “We’ve seen it with Auckland Blues teams and All ******* teams, a lot of the time the game is close to being done by half-time. “So we’ve got to make sure that we start well and that we’re in the fight with 20 to go.” The second-year coach is happy to accept underdog status but says there are still internal expectations that NSW will defy history and win to maintain the dream of playing finals. “I don’t think there’d be a whole lot of people that would be tipping us so to a certain extent that takes the pressure off,” McKellar said. “But internallly there’s pressure and we’re not going over there to have a nice performance where we lose the game in a close scenario. “We’ve gotta go there and win so that’s what we expect.” Approaching the Auckland fortress without fear is the message being pushed in Waratahs camp as they try to exorcise their Eden Park demons. Only two current Waratahs staffers were playing for NSW the last time they won in Auckland in 2009, in a side captained by Rugby Australia boss Phil Waugh. “I think we’ve just got to understand it’s another patch of grass and a nice stadium,” McKellar said. “We play on plenty of those and the Brumbies showed it earlier in the year that it’s possible. “We don’t need to do anything out of the ordinary other than go over there and do your job and perform well.” McKellar has once again rung the changes with youngster Jack Bowen taking the starting flyhalf position after starring off the bench against the Force and hamstrung halfback Jake Gordon being replaced by Teddy Wilson. Bowen takes the place of Tane Edmed after his off-the-bench heroics led to the last-minute try that keeps the Waratahs a mathematical chance of playing finals football. “Jack’s been very good over a long ******* of time, we’ve sort of given him small tastes here and there,” McKellar said. “He’s transferred how he’s trained into probably his biggest contribution in a game on Saturday in Perth. “He gets a chance this week in a big game knowing that we’ve got Tane and his experience to come in the back end.” The Waratahs must beat the Blues and hope the Hurricanes beat Moana Pasifika later on Saturday to sneak into the last finals place. Source link #Waratahs #seek #strong #start #beat #Eden #Park #curse Pelican News View the full article at [Hidden Content]
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Slovak central bank governor Kazimir guilty of corruption, court rules Slovak central bank governor Kazimir guilty of corruption, court rules Peter Kazimir, governor of Slovakia’s central bank, attending a press conference in Bratislava in 2016. Tomas Benedikovic | Afp | Getty Images A Slovak court ruled on Thursday that central bank governor and European Central Bank policymaker Peter Kazimir is guilty of corruption, a judge said. The Specialised Criminal Court ruled Kazimir must pay a 200,000 euro ($225,620) fine, or face a one-year prison sentence, Judge Milan Cisarik said. The verdict can be appealed and therefore does not force Kazimir out of office. Kazimir, who is a member of the ECB’s rate-setting governing council, did not attend the ruling while on a business trip to Hong Kong. He said in a pre-recorded message played by Slovak TA3 television before the ruling that he maintained his innocence, and was also of the opinion that his case should have been dismissed based on the statute of limitations. He said in the message that he would appeal any guilty verdict to a higher court. The case dates back to Kazimir’s previous position as finance minister before he became the central bank’s chief in 2019. Kazimir’s current six-year term ends on June 1, but he is expected to stay on, in line with the law, until a decision on whether he will be granted another term or replaced. Slovak central bank governors are nominated by the government, approved by parliament and appointed by the president. Prosecutors allege that while Kazimir was finance minister in 2012-2019, he delivered a 48,000-euro bribe to the then head of the national tax administration to influence tax proceedings. Source link #Slovak #central #bank #governor #Kazimir #guilty #corruption #court #rules Pelican News View the full article at [Hidden Content]
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Couple With $38K Salary Loses $300K While Day Trading, Dave Ramsey Asks, ‘Where Did You Have $300K That You Could Lose?’ Couple With $38K Salary Loses $300K While Day Trading, Dave Ramsey Asks, ‘Where Did You Have $300K That You Could Lose?’ A recent call to “The Ramsey Show” opened with a tax question but quickly revealed a much larger financial and emotional crisis. The caller, a woman with a household income of just $38,000, shared that she and her husband had lost over $300,000 through day trading. Dave Ramsey‘s immediate reaction cut to the heart of the issue: “Where did you have $300K that you could lose?” The answer? An inherited IRA that had been liquidated and lost in a flurry of trades. Don’t Miss: According to the caller, the trading took place over a six-week ******* during which her husband, later diagnosed with bipolar disorder, experienced a manic episode. She had just given birth and was recovering from a complicated pregnancy when her husband began trading full time from home. “He was doing it and doing well… until he wasn’t,” she said. “There’s no such thing,” Ramsey responded. He cited research showing that 78% of day traders lose money, noting that it’s “statistically… all of them.” Comparing the couple’s experience to gambling, he said, “That’s like saying I’m at the roulette table and I hit, so I’m doing well.” Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — this is your last chance to become an investor for $0.80 per share. The call was originally about capital loss deductions. After their losses, the couple had $316,000 in capital losses on the books. Their accountant told them they could deduct $3,000 per year against ordinary income. At that rate, the caller joked, “It would take 115 years.” The accountant also suggested opening a taxable brokerage account to generate gains that could be offset by those losses. Ramsey acknowledged the technical validity of the idea. However, he warned that trying to create new investment income to take advantage of past losses could expose the caller’s husband to more risk — something he clearly believed was unsafe, given the history. See Also: Maximize saving for your retirement and cut down on taxes: Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation. While the accountant may have given sound tax advice, Ramsey stressed the importance of considering the full context. Story Continues “Before I put your family at further risk playing with the same snakes that already bit you, I would just say forget it,” he said. “It’s just gone.” Ramsey urged the caller to seek a second opinion from another tax professional, just in case safer alternatives exist. But he also made his stance clear: her husband should not go anywhere near a brokerage account again. This couple’s story is a sobering reminder of the risks tied to active trading — especially when life circumstances are unstable. In this case, financial loss was compounded by health challenges and emotional strain. Fortunately, the caller said their marriage remains strong and that they’re in counseling and working through it together. Read Next: Image: Shutterstock Up Next: Transform your trading with Benzinga Edge’s one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today’s competitive market. Get the latest stock analysis from Benzinga? This article Couple With $38K Salary Loses $300K While Day Trading, Dave Ramsey Asks, ‘Where Did You Have $300K That You Could Lose?’ originally appeared on Benzinga.com © 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. Source link #Couple #38K #Salary #Loses #300K #Day #Trading #Dave #Ramsey #Asks #300K #Lose Pelican News View the full article at [Hidden Content]
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India set to be world’s fourth-largest economy India set to be world’s fourth-largest economy India is set to become the world’s fourth-largest economy. Dinodia Photo | Corbis Documentary | Getty Images This report is from the latest edition of CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary every week 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 emerging powerhouse businesses, and the people behind its rise. Livestream the show on YouTube and catch highlights here. SHOWTIMES: U.S.: Sunday-Thursday, 23:00-0000 ETAsia: Monday-Friday, 11:00-12:00 SIN/HK, 08:30-09:30 India Europe: Monday-Friday, 0500-06:00 CET The big story A top Indian official’s recent claim that the South Asian powerhouse has become the world’s fourth-largest economy has created a lot of buzz in the country’s social media, with an outpouring of self-congratulatory messages. While India has taken giant strides in boosting its GDP — it was ranked No. 10 in 2014 — and continues to be the fastest-growing major economy, it’s best to take the latest claims with a fistful of salt. Briefing the media on Sunday, B.V.R. Subrahmanyam, CEO of India’s state-run think tank Niti Aayog said, “we are the fourth-largest economy as I speak … and this is not my data. This is IMF [international monetary fund] data.” “India today is larger than Japan,” Subrahmanyam said, adding that the nation will go on to displace Germany as the third-largest economy and place just behind the U.S. and China in around three years. IMF data, however, projects India’s economy to reach $4.187 trillion in 2025, marginally surpassing Japan’s $4.186 trillion. So while not already there, the country is very much on the path to becoming the fourth-largest economic powerhouse, preceded by Germany, China and the U.S. Keeping the trajectory in focus, and putting aside the merits of the claim, what is it that’s working for the country — and what is holding it back? Growth levers “Long-term structural dynamic,” driven by India’s huge demographic and growing educated youth population, is enhancing India’s capabilities in technology and services, while also paving its ambitions to become a manufacturing hub, said Malcolm Dorson, senior portfolio manager at Global X ETFs — one of the largest foreign asset owners in India. Dorson also sees “tactical tailwinds” from lower oil and higher gold prices, given India imports around 80% of its energy needs, while roughly 20% of the nation’s household savings in physical gold. Collectively, these factors make India a “fine-tuned compounding machine,” he said, adding that the country gaining a spot in the top four by GDP ranking “is a done deal.” Dhiraj Nim, foreign exchange strategist and economist at ANZ Bank agrees: It should not be surprising if India becomes the world’s fourth-largest economy around mid to end this year, aided by improving domestic consumption as demand in rural clusters improves. Consumption constitutes over 56% of India’s economy — making it the top growth engine. Rural areas accounted for nearly 40% of overall consumer goods sales in the first quarter of 2025, data from market research firm NielsenIQ shows. A sizable number of India’s rural population is farmers, so Nim expects a pickup in their spending in the upcoming quarters with better weather conditions facilitating higher crop yields and in turn stronger income and purchasing power, with falling inflation also supporting consumption. He also expects urban consumption to grow, albeit at a slower pace, following tax cuts and stimulus doled out in the budget earlier this year, with more rate cuts by the Reserve Bank of India offering an added boost. The benefits of India’s economic growth will translate into increased capital flows, as foreign investors would want to capitalize on it, Dorson said. “This could lead to higher valuations, which inherently would translate into more supply, and deeper capital markets. We could also see Indian equities more prominently included in global exchanges, which would lead to more flows,” he said. ‘Natural course of events’ India has strong tailwinds supporting its economy, but it needs to undertake several reforms to ensure sustained growth. While India is set to be the world’s fourth-largest economy, there is a “huge disconnect in the standard of living and the social, economic and physical infrastructural between India and Japan,” Shumita Deveshwar, chief India economist at TS Lombard said. India’s current per capita GDP is $2,880, a fraction of Japan’s $33,960, IMF data shows. “There’s so much work that really needs to be done in India to bridge this gap and it starts from increasing capital expenditure on infrastructure such as transportation networks, to improving access to education, workforce skills upgrading and jobs in general,” Deveshwar noted. ANZ’s Nim calls India becoming the world’s fourth-largest economy merely a “natural course of events.” “It really means not much to me. India is now the fifth-largest economy, but is not very prosperous, so more work needs to be done to increase the prosperity of citizens,” he said, flagging the need for India to be more open to foreign businesses which already have an incentive to be in the country given its cheap cost structures. He suggests that policymakers strategically identify sectors India has a comparative advantage in, rather than try to manufacture everything. Focusing on select industries over a range of sectors will ensure that the workforce has the needed skills to make quality products that are competitive against those produced in other emerging markets with lower costs. Deveshwar highlights that policymakers should ensure that reforms are meted out quickly, so that growth is sustained. Lack of capacity, manpower and physical infrastructure have historically held back policy rollouts, so effective execution is needed to meet quite aspirational and ambitious targets. “There have been hurdles and lags in policy implementation such as in passing labor reforms, farm reforms and other incomplete reforms that have really delayed the productivity and output in many sectors. We need to fix that so India remains competitive and sustains its position as the world’s fourth — or eventually even third largest economy,” Deveshwar added. Need to know A trade deal between India and U.S. could be reached in late June. Negotiations are progressing quickly and U.S. officials are expected to visit India soon to discuss the deal further, reported CNBC-TV18, which cited government sources. Imports of genetically modified crops from the U.S. will still be prohibited by New Delhi because of regulation, but non-modified agricultural products could see the green light. India’s shipment of iPhones to the U.S. jumped in April. Market analyst firm Canalys, now part of Omdia, estimates that total shipment rose 76% year on year to around 3,000,000. By contrast, China’s iPhone shipments to the U.S. fell to 900,000 in the same month, plummeting roughly 76% from a year earlier. The huge shifts in numbers are because of harsh tariffs the White House imposed on China, Omdia said. U.S. President Donald Trump told Apple CEO Tim Cook he wants iPhones built in America. Smartphones manufactured outside the U.S., whether in “India, or anyplace else,” wrote Trump on his social media platform Truth Social, will incur a “Tariff of at least 25%.” Analysts have said it would be a tall feat for Apple to shift production to America because of supply chain and cost issues. Apple is also continuing to expand its operations in India. — Yeo Boon Ping What happened in the markets? Indian stocks were trading flat Thursday even as most Asian markets rose after a U.S. federal trade court ruled that President Donald Trump exceeded his authority with his “reciprocal” tariffs. The benchmark Nifty 50 and the BSE Sensex were little changed as of 12.10 p.m. Indian Standard Time. Since the start of the year, the 50-stock benchmark has risen 4.6%, while the BSE Sensex has gained over 4%. The benchmark 10-year Indian government bond yield were down marginally at 6.171%. Stock Chart IconStock chart icon On CNBC TV this week, Nikhil Bhandari, Goldman Sachs’ co-head of APAC natural resource and clean energy research, said the bank believes India’s oil demand will be the “fastest growing” among large economies over the next two decades because of income growth in the country. However, as India’s oil production is flat, the South Asian nation will have to rely on diversifying its import sources for energy security. Meanwhile, Abrar Mir, managing partner at Quadria Capita, a private equity firm that focuses on healthcare companies, said that there’s “significant” innovation happening in India’s hospital sector. Businesses in the country are building high quality hospital systems that serve the underprivileged in rural areas, while doing it in a financially viable way, which is an “eminently exportable business model,” Mir said. — Yeo Boon Ping What’s happening next week? India’s first-quarter economic growth data, out Friday, will give an indication if the country’s economy can meet its growth target for the current fiscal year. With four mainline initial public offerings the upcoming week, India’s IPO market seems to be picking up. May 30: India gross domestic product data for FY25 fourth quarter June 2: India HSBC manufacturing PMI, final reading, for May, Aegis Vopak Terminals IPO, Schloss Bangalore IPO June 3: Prostarm Info Systems IPO June 4: India HSBC services PMI, final reading, for May, Scoda Tubes IPO — Yeo Boon Ping Source link #India #set #worlds #fourthlargest #economy Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]