May 26, 2025: Best photos from around the world
A Schnauzer and Chihuahua take part in the Best Bridgerton Lookalike competition at the annual Greenwich Dog Show held at the Old Royal Naval College in London, Britain.
Credit: Reuters Photo
Sophie Hawkshaw (9), dressed as a Headless Horseman participates in a lead rein fancy dress competition for riders under 10 years old at an agricultural show, in Athenry, Ireland.
Credit: Reuters Photo
A worker carries apricots collected from the trees during the harvest season, in Al Qalyubia Governorate, Egypt.
Credit: Reuters Photo
US Homeland Security Secretary Kristi Noem rides a camel after a tour of Qal'at al-Bahrain Fort.
Credit: Reuters Photo
Preparations underway ahead of Prime Minister Narendra Modi's visit, in Ahmedabad.
Credit: PTI Photo
Credit: PTI Photo
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The Print
42 minutes ago
- The Print
India vehemently opposed ADB's loan Pakistan as it could be misused: Govt sources
Asian Development Bank (ADB) on Tuesday approved USD 800 million programme to strengthen fiscal sustainability and improve public financial management in Pakistan. 'India shared deep concerns regarding the potential misuse of ADB resources, particularly in light of Pakistan's increasing defence expenditure, its declining tax-to-GDP ratio, and the lack of demonstrable progress on key macroeconomic reforms,' they said. New Delhi, Jun 4 (PTI) India had vehemently opposed ADB's decision to grant USD 800 million loan to Pakistan saying the fund could be misused for increasing expenditure on its military, government sources said. Earlier in the day, the Congress in a post on X quipped that Prime Minister Narendra Modi met ADB President Masato Kanda on June 1 and three days later ADB cleared the USD 800-million loan to Pakistan. Modi government's influence did not work on the IMF earlier and Pakistan got loan last month, the post said, adding that this happened even when the conflict between India and Pakistan was going on. Government sources said India expects the ADB management to adequately ring-fence the ADB financing, to prevent any such misuse. Pakistan's poor track record of implementation stems from the military's deeply entrenched interference in economic affairs, posing risks of policy slippages and reversal of reforms as has been witnessed in the past, they said. Even when a civilian government is in power, the army continues to play an outsized role in domestic politics and extends its tentacles deep into the economy, they added. Pakistan's policy of cross-border terrorism has led to a worsening of the security situation in the region and has significantly escalated macroeconomic risks for Pakistan, which also heightens the enterprise risks for the ADB, sources said. India also highlighted that the economic fragility of the borrowing country (Pakistan) poses credit risks to the ADB too, sources added. PTI DP TRB This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
The Print
42 minutes ago
- The Print
Rupee depreciates 22 paise to 85.61 against US dollar
RBI's Monetary Policy Committee (MPC) will begin deliberations on its bi-monthly policy on Wednesday and the outcome is scheduled to be announced on June 6. According to forex traders, the local unit remained under pressure tracking negative domestic equity markets amid geopolitical uncertainties. Investors are also awaiting cues from the Reserve Bank's monetary policy announcements. Mumbai, Jun 3 (PTI) The rupee depreciated 22 paise to settle at 85.61 against the US dollar on Tuesday, weighed down by a firm American dollar, while selling pressure in secondary markets added further weakness to the currency. At the interbank foreign exchange, the domestic unit opened at 85.55 and moved between the high of 85.44 and a low of 85.63 against the greenback during the day. The unit closed the session at 85.61 against the dollar, registering a loss of 22 paise from its previous close. On Monday, the rupee appreciated 16 paise to settle at 85.39 against the dollar. 'The Indian rupee erased Monday's gains amid risk-averse sentiments, a rebound in the US dollar, and foreign fund outflows. The local currency has been consolidating within a narrow range over the past five days, awaiting fresh triggers — most notably the upcoming RBI policy announcement,' said Dilip Parmar – Senior Research Analyst, HDFC Securities. In the near term, the spot USD/INR is expected to trade between 85.10 and 85.90, Parmar added. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading higher by 0.45 per cent at 99.14. Brent crude, the global oil benchmark, rose 1.56 per cent to USD 65.64 per barrel in futures trade. 'Trade tensions between US and China and renewed geopolitical tensions between Ukraine and Russia may also weigh on the domestic unit. Traders may take cues from job openings and factory orders data from the US,' Anuj Choudhary, Research Analyst at Mirae Asset Sharekhan, said, adding, 'USD-INR spot price is expected to trade in a range of 85.20 to 85.90,' In the domestic equity market, the 30-share BSE Sensex tanked 636.24 points, or 0.78 per cent, to close at 80,737.51, while the Nifty declined 174.10 points, or 0.70 per cent, to 24,542.50. Foreign institutional investors (FIIs) sold equities worth Rs 2,853.83 crore on a net basis on Tuesday, according to exchange data. A monthly survey released on Monday showed India's manufacturing sector growth fell to a three-month low in May, restricted by inflationary pressures, softer demand and heightened geopolitical conditions. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) fell from 58.2 in April to 57.6 in May, highlighting the weakest improvement in operating conditions since February. PTI HVA DRR This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
The Print
42 minutes ago
- The Print
India can help French businesses become more competitive in manufacturing: Goyal
Addressing businesses of India and France, the minister said the level of trade and investments between the two countries needs to be enhanced, as the current figures do not reflect their true potential. This could be a shared mission where France and India collaborate closely to strengthen bilateral economic ties, he added. Paris, Jun 3 (PTI) India can help French businesses become more competitive in manufacturing to tap global markets, Commerce and Industry Minister Piyush Goyal said on Tuesday here. 'Manufacturing is something where we can help French businesses become more competitive to capture world markets. And that could be a mission where France and India could work together,' he said. Talks for the proposed free trade agreement between India and the European Union are moving forward at a 'very' fast pace, and this 'leap of faith' would be incomplete with businesses on both sides working together aggressively to expand this relationship, he noted. The minister urged businesses to make full use of the agreement once it is implemented. 'I agree with my friend (French minister of foreign trade Laurent Saint-Martin) that we cannot be satisfied at all with a USD 15 billion bilateral trade between two such large economies of significance. 'How can we be happy with the levels of investment…on both sides that we are currently boasting?… There's so much we can add in terms of scale. There's so much we can add in terms of speed,' Goyal said. India's exports to France stood at USD 8 billion in 2024-25, while imports were USD 7.3 billion. 'There's so much to do to expand our exchange, not only in defence,' he said. The minister suggested setting up a working group on artificial intelligence to enhance engagement on the subject. 'We've already got a lot of exchanges between the two countries on banking and insurance. We could look at seeing how that could be taken to the next level,' Goyal said, adding 'We could look at global capability centres, and we have a fair bit coming in from all across the world to India to leverage the huge pool of talent and skill'. Further, the minister highlighted that there is no need to ease business regulations in the EU. '… identify areas of trade where we can expand with each other, and areas where we could even help each other in crossing the Rubicon of regulation. We have regulation in India too, but the kind of regulation with the EU, and on top of that, each member state. So, my businesses are just completely foxed. 'How to go through that maze, but we've got to sort out that. We can't just remain foxed. We've got to find solutions,' he added. The aim should be to remove some of the roadblocks, reduce compliance, make it easier to engage and grow businesses and have a rapid response mechanism that works to create mutual recognition agreements, Goyal noted. This will enable REACH certification for chemicals to be done in India, just as a quality control order or BIS registration can be done in France. PTI RR BAL BAL BAL This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
