India's debt-to-GDP ratio provisionally moderated to 58.2% in FY26, down from 58.5% in the previous year, Parliament was informed. Interest payments have declined post-Covid, and effective capital expenditure for FY27 is projected to exceed fresh debt receipts, indicating a focus on asset creation and improved fiscal health.
India's residential real estate market is entering a consolidation phase, not a downturn, with demand supported by urbanization and lower borrowing costs. Premium housing leads growth, while affordable segments face pressure. Unsold inventory is rising as launches outpace sales.
Spain's Nico Williams condemns a tackle by Uruguay's Nicolás de la Cruz as 'completely unnecessary' after suffering an adductor injury in Spain's 1-0 World Cup win, with both Williams and Yéremy Pino facing uncertain availability due to moderate injuries.
Denmark's Prime Minister Mette Frederiksen announced a new minority government on Wednesday, formed after months of talks following inconclusive elections. The government includes 21 ministers, with women outnumbering men for the first time in the country's history. Lars Lokke Rasmussen will continue as foreign minister.
Spain will begin phasing out VAT and special tax reductions on electricity, natural gas, briquettes, pellets, and firewood starting June 1st due to moderating prices. Measures for fuels will continue until June 30th.
The conservative People's Party won the Andalusia regional election but lost its majority, requiring support from the far-right Vox party to form a government. The result is a setback for PP moderates ahead of national elections.
