India is set to approve a scheme offering production-linked incentives and waiving import duties on capital goods to establish domestic lithium and nickel processing facilities, aiming to reduce overseas dependence and build critical minerals capacity.
Prime Minister Narendra Modi will disburse ₹2,400 crore in incentives under the Pradhan Mantri Viksit Bharat Rojgar Yojana, benefiting 1.5 million employees and employers. He will also transfer the 23rd instalment of ₹18,880 crore under the PM-KISAN scheme to over 9.44 crore farmer beneficiaries.
A leaked 14-point document outlines a US-Iran framework deal: Iran pledges no nuclear weapons, reopening Strait of Hormuz; US offers $300bn fund, sanctions relief. Deal veracity unconfirmed, Trump expresses irritation.
Solstice launched its SLX token after achieving $500M TVL, prioritizing product-market fit over token-first models. The company emphasizes sustainable yield generation, risk management, and building infrastructure for institutional adoption, aiming to differentiate from past "extractive tokenomics" and cyclical market behavior.
US Vice President JD Vance and several Republican senators voiced skepticism about a newly reached agreement with Iran, citing a lack of specifics and demanding more information before it is finalized. The deal reportedly involves reopening the Strait of Hormuz and financial incentives for Iran.
Elon Musk responded to claims that his companies, Tesla and SpaceX, owe their success to government support, stating such claims are "totally false." He argued that government incentives represent less than 2% of their value and that removing EV tax credits actually boosted Tesla sales.
Hong Kong's HK$20,000 newborn baby bonus, launched in 2023, is set to expire in October. The government will consult the public on whether to continue the incentive, which has benefited over 65,000 babies and cost HK$1.3 billion.
Trump Accounts, launching July 4 with a $1,000 U.S. Treasury deposit for children born 2025-2028, aim to build long-term financial security. Experts question their impact on the wealth gap due to opt-in requirements and varying family contributions.
Locksmithing and lead-lighting in Tasmania face recruitment challenges as traditional crafts struggle to attract new talent, while leather whip-making thrives. The Beacon Foundation highlights the need for transferable skills for Gen Z's non-linear career paths.
Italy's tax system struggles with low fiscal compliance among the self-employed, despite efforts to combat evasion. The UPB highlights inefficiencies in tax collection, particularly for local administrations, and disparities in treatment between different income types. Corporate taxes have increased, especially for banking and insurance sectors, while business incentives are seen as a disorganized complex of measures needing reform.
India's declining fertility rate (1.9) sparks concerns for future economic growth. Economists suggest boosting women's workforce participation, not financial incentives, as the key to meeting labor needs and achieving developed nation status, while local governments must address an aging population.
Italian businesses can now book incentives for the new Transizione 5.0 plan, offering hyper-amortization for investments in digital and energy transition. Reservations open tomorrow on the GSE portal.
Global companies are relocating operations from Singapore to Malaysia, seeking lower costs, tax incentives, and larger markets. This trend, accelerated by recent policy signals and cost pressures, involves firms like H&M and Heineken moving production and regional functions.
Patrick Mahomes and the Kansas City Chiefs have agreed to a contract restructure that adds two years to his deal, extending it through 2033 and increasing his total compensation to over $504 million. This move provides financial flexibility for the Chiefs and includes a significant pay raise for Mahomes.
The Chamber of Deputies approved a decree on fair wages and employment incentives with 137 votes in favor. The bill, which includes measures against digital exploitation and provides significant contribution exemptions for hiring young people and women, now moves to the Senate.
Christmas Day wins the 2026 Derby on soft ground, with the race marred by controversy over the declaration of favourite Benvenuto Cellini as a non-runner due to a starting issue, resulting in a 25p Rule 4 deduction for backers.
The Toronto Maple Leafs are reportedly considering a low-risk move for former 40-goal scorer Patrik Laine as NHL free agency approaches. Laine, who is expected to leave the Montreal Canadiens, faced injury issues in the 2025-26 season, raising durability concerns.
India's Ministry of Mines is set to launch a new policy offering incentives for lithium and nickel processing, with an estimated outlay of Rs 3,000 crore. This initiative aims to bolster the domestic electric vehicle supply chain and support the nation's ambitious EV penetration goals by 2030.
Turkey's 'Asset Peace' law, allowing legalization of undeclared domestic and foreign assets, is now in effect. It extends installment periods for public receivables, offers tax exemptions for new residents' foreign earnings, and provides significant corporate tax reductions for specific service centers and production companies.
Andhra Pradesh CM N Chandrababu Naidu announced cash incentives for third and fourth child births to counter falling fertility rates and fears of political representation loss. Critics argue the policy ignores economic realities and women's safety, while experts suggest long-term support is more effective than one-time payments.
A new study reveals a significant shift in American work culture, with many employees prioritizing mental health, flexibility, and work-life balance over high-paying promotions and leadership roles. Burnout is a major factor driving this "job-dropping" trend.
Hong Kong and Kazakhstan are discussing the revival of direct flights, with Kazakh Invest offering potential subsidies to airlines. A Hong Kong-based carrier is exploring a route, seen as vital for boosting investment, trade, and tourism between the two regions.
Italy's latest fiscal decree (DL 38/2026) introduces significant changes to tax collection, including a five-day grace period for payments and modifications to the biennial preventive settlement for businesses with lower ISA reliability scores. The decree also updates incentives like hyper-amortization.
Italy's government launched a new decree and a €1.3 billion fund for the automotive sector. However, direct incentives for consumers are limited, focusing on electric motorcycles, scooters, commercial vehicles, and social rentals, while the bulk supports businesses.
