Page 8 - Mint Explainer News Today

Share buybacks are a tax-efficient way of rewarding shareholders, but may also indicate the company lacks avenues for further growth

The US Supreme Court has blocked President Bidens plan to cancel $430 billion in student loan debt, ruling that the administration overstepped its authority.

The US Federal Reserve held interest rates steady at its meeting on June 14, but its hawkish tone has caused some concern among investors. Some analysts believe the Fed may be overestimating the inflation trajectory and that it may not hike rates as projected.

Turkeys lira fell over 7% to a record low as the new-elected government eased stabilising measures and shifted towards more orthodox policies.

Despite an economic crisis and criticism over Erdogans handling of the February earthquake, he won 52.18 percent of the vote while his secular rival Kemal Kilicdaroglu won 47.82 percent.

SCO Meet: Bhutto Zardari, who would be the first foreign minister to visit India since 2011, is leading the Pakistan delegation to the Council of Foreign Ministers (CFM) of the Beijing-based Shanghai Cooperation Organisation (SCO).

President Joe Biden on Tuesday formally announced that he is running for reelection in 2024, asking voters to give him more time to “finish this job” and extend the run of America’s oldest president for another four years.

China has recently revised its wartime military recruitment rules, shortly after conducting extensive military drills in the vicinity of Taiwan. The new regulations emphasize the importance of preparing for war and aim to enhance efficiency by recruiting ‘high calibre’ personnel.

Amul had recently announced that it will sell dairy products in Bengaluru, triggering outrage in the Opposition ranks.

Given large volume of oil trade between Russia and other countries, its age old fleet like oil tanker Turba poses a massive disaster risk due to its low maintenance and poor safety standards