India's passenger vehicle industry recorded a 33% year-on-year increase in domestic dispatches in July, reaching nearly 4.7 lakh units. Major manufacturers like Maruti Suzuki and Hyundai achieved record sales, bolstered by demand-supporting measures such as GST 2.0 and lower repo rates.
JAM Software, the company behind TreeSize, has frustrated users by ending support and updates for perpetual licenses unless customers subscribe, and by not providing license keys or installers after the support period, citing economic conditions and the need for predictable revenue.
Andy Burnham faces economic headwinds with high borrowing and debt, but falling energy prices and easing inflation offer potential relief. He must balance spending promises with fiscal rules and avoid tax speculation.
Deputy Finance Minister Ivan Chebeskov stated that 20 Russian companies are candidates for initial public offerings, predominantly in new economy sectors like IT, pharmaceuticals, and telecommunications. These companies are smaller and going public at earlier stages compared to the 2000s, indicating a growing IPO agenda among Russian businesses despite economic pressures.
A new International Crisis Group report details how Israeli restrictions on movement, revenue, and land are crippling the West Bank's economy, leading to high unemployment, business decline, and the potential for increased instability and violence.
Federal Reserve Governor Christopher Waller said Friday current economic conditions are complicating the Fed's approach to interest rates, with policymakers facing a potentially long-lasting inflation shock and a labor market with no job growth that nonetheless appears stable. He said the Fed may need to stay on hold for a prolonged period until the economic direction becomes clearer.
