Mexico's new UK ambassador, Alejandro Gertz Manero, disclosed extensive wealth including luxury cars, properties, and jewellery, contrasting sharply with the governing Morena party's austerity motto. This follows several scandals involving other Morena officials exhibiting opulent lifestyles.
While the US stock market has doubled since 2020, many American families face economic hardship. Rising costs for cooling homes, credit card debt, and utility bills strain household budgets, contrasting with the perceived success of the wealthy.
The Reserve Bank of India has launched its annual surveys for the 2025-26 period, collecting data on mutual funds' foreign financial liabilities and assets, and on computer software and IT-enabled services exports. This data is crucial for compiling India's external sector statistics.
Finance Minister Nirmala Sitharaman has directed Indian banks to strengthen cybersecurity systems to counter emerging threats from advanced AI models, particularly Anthropic's Claude Mythos. Chairing a high-level meeting with bank chiefs and IT minister Ashwini Vaishnaw, she urged lenders to take all necessary pre-emptive measures to secure IT systems, protect customer data and establish real-time threat intelligence sharing with IndianCERT and other agencies. The Indian Banks' Association will develop a coordinated mechanism led by the SBI chairman.
