Russia lowers its official economic growth forecast for the year asVladimir Putin orders the government to address the country's ongoing economic slowdown.

Russia's federal budget deficit hits 5.9 trillion rubles in the first four months of 2026, exceeding the full-year target of 3.8 trillion. The Finance Ministry plans to adjust budget parameters without parliamentary approval due to high spending on government contracts.

Russia's federal budget deficit reached 5.9 trillion rubles in the first four months of 2026, exceeding the full-year target of 3.8 trillion rubles. The Ministry of Finance attributes the high spending to accelerated advance payments on government contracts and plans to adjust budget parameters without parliamentary approval.

The European Central Bank signals it will consider raising interest rates at its June 11 meeting. The move follows recent policy discussions regarding the bank's inflation targets.

The European Central Bank has indicated it will evaluate a potential interest rate increase during its meeting on June 11.

European investment firm EQT agrees to acquire Japanese price comparison operator Kakaku.com for approximately 590 billion yen, according to Nikkei.

European investment firm EQT has reached an agreement to acquire Japanese price comparison site operator Kakaku.com for approximately 590 billion yen, according to a report by Nikkei.

The Indian rupee hits a record low against the U.S. dollar as rising oil prices and intensified capital outflows pressure the currency. The decline reflects broader market concerns over energy costs and foreign investment trends.

The Indian rupee has fallen to a record low against the U.S. dollar, driven by rising oil prices and increased capital outflows.