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What US Supreme Court’s ruling in the Cook case means for Federal Reserve independence

WASHINGTON, June 30, 202 (AP) — The U.S. Supreme ​Court on Monday said the Federal Reserve, unlike any other agency in Washington, has a measure of independence from the presidency and day-to-day politics. But the court didn’t define to what extent. The case is the latest round in an unprecedented fight between the Fed and President Donald Trump. More political interference at the Fed could upend financial markets around the world, which closely follow its interest rate moves. Trump has repeatedly demanded that the central bank cut its key interest rate to lower borrowing costs for homeowners, businesses, and even

India’s summer crop planting lags after slow monsoon start

MUMBAI, June 29 (Reuters) – Indian farmers have fallen behind in ​planting summer crops, including rice, cotton, corn and soybeans, as a slow start to ‌the monsoon has meant below average rainfall so far. India is the world’s largest rice exporter, accounting for about 40% of global shipments. Its farmers begin sowing summer crops in June and July with the arrival of the annual monsoon, ​but this year it reached the southern state of Kerala three days late and its advance ​across western farming regions stalled for about two weeks. There is still time for the ⁠monsoon to gather momentum

India’s May industrial output grows 5.1% y/y on higher electricity output

NEW DELHI, June 29 (Reuters) – India’s industrial output rose 5.1% in May, led by a pickup in ​electricity growth, government data showed on Monday, while ‌growth in manufacturing moderated due to supply disruptions linked to the Middle East conflict. Economists polled by Reuters expected industrial output to ​ease to 4.5% in May, compared to a ​growth of 4.9% a month earlier. The May reading ⁠is the second under the revised 2022-23 base ​year series, reflecting the government’s shift to producer prices ​from wholesale prices for calculating factory output. KEY NUMBERS * Manufacturing output grew 5.5% year-on-year in May against

What is migration for? How national needs wrestle with a basic human desire

June 29, 2026 (Conversation) Migration debates often begin in the wrong place. They ask how many migrants a country should accept, which migrants should be prioritised and how quickly they should arrive. These are important questions, but they are not the first question. The first question is more basic: what is migration for? The answer is not simple, because migration serves more than one purpose. It’s a tool of economic management. It’s a response to demographic change. It’s part of how countries remain connected to the world. But it is also something deeper: an expression of the human condition itself.

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