The Art Market is Broken

Zonszein: Losing US Support Will Be Israel's Top Threat (Video)

UK borrowing surges over forecasts in May as government spending rises – business live

Rolling coverage of the latest economic and financial newsMartin Beck, chief economist at WPI Strategy, has warned that the underlying picture of the UK public finances “remains uncomfortable”, even if the US-Iran deal helps to ease inflation. He points out:The deficit is still large, debt interest is still absorbing a painful share of revenue, and the tax burden is already heading for post-war highs. There is no easy escape route through either borrowing or taxation.

EU summit: Battle for cash begins over €2 trillion budget

The second day of the EU summit is underway. The debate will focus on the next long-term budget, with rival camps still miles apart. The second day of the EU summit is underway, with a heavy focus on the bloc's next seven-year budget, which the European Commission has pencilled at €2 trillion.

Why is stock market down today? Sensex falls 800 points, Nifty50 below 24,000

Stock market today: Indian equity benchmarks, Nifty50 and BSE Sensex, snapped their five day winning streak to tank in trade on Friday. The decline was led majorly by IT sector stocks crashing. Weak global sentiment, aggressive selling in technology stocks and other market pressures dampened investor confidence, dragging benchmark indices into negative territory.