welcome to newsday, reporting live from singapore, i m arunoday mukharji. let s get you the headlines. ajury has found hunter biden guilty of all three felony gun charges in the first criminal trial of a child of a sitting us president. hamas responds to the latest peace proposal for gaza, saying its ready to engage but still wants israel to commit to a permanent ceasefire and completely withdraw its forces. india confirms two of its nationals have been killed while fighting illegally for the russian forces in ukraine. welcome to bbc news broadcasting to viewers in the uk and around the world. we begin in the united states where the president s son, hunter biden, has been found guilty of lying about his drug use to illegally buy a gun. the jury in the trial in delaware convicted him on all three counts. he could face a maximum of 25 years in jail. our north america editor sarah smith has been following the story and has more. handin hand in hand with his step mother, the fi
keeping inflation higher than rbi s stated target of 4%, which is needed to pivot to a rate cut. and the rbi doesn t have compulsions, too. like other global central banks, such as in europe and canada, that are dealing with slower economic growth and have moved on to cut rates. and have moved on to cut rates as inflation eased. india reported an 8% plus economic expansion in the last fiscal. projections are it will grow at near 7% in the coming quarters, giving rbi enough room. besides, the new government is yet to take over, likely led by mr narendra modi in a rare third term. but his party will need allies to form the government. now, larger reforms are expected to slow down, and economists feel an alliance could push the government to spend more on welfare programmes, risking its promise of reducing the fiscal deficit. rbi s views on the new government and its fiscal
rates unchanged for eight consecutive times and cuts pushed to much later in the year. now, while inflation has eased, it was still 4.83% in april, mostly driven by stubbornly high prices of cereals, spices and vegetables. keeping inflation higher than rbi s stated target of 4%, which is needed to pivot to a rate cut. and the rbi doesn t have compulsions, too, like other global central banks, such as in europe and canada, that are dealing with slower economic growth and have moved on to cut rates as inflation eased. india reported an 8% plus economic expansion in the last fiscal. projections are it will grow at near 7% in the coming quarters, giving rbi enough room. besides, the new government is yet to take over, likely led by mr narendra modi in a rare third term. but his party will need allies to form the government. now, larger reforms are expected to slow down, and economists feel an alliance could push
and the rbi doesn t have compulsions, too. like other global central banks, such as in europe and canada, that are dealing with slower economic growth and have moved on to cut rates. as inflation eased. india reported an 8% plus economic expansion in the last fiscal. projections are it will grow at near 7% in the coming quarters, giving rbi enough room. besides, the new government is yet to take over, likely narendra modi in a rare third term. but his party will need allies to form the government. now, larger reforms are expected to slow down, and economists feel an alliance could push the government to spend more on welfare programmes, risking its promise of reducing the fiscal deficit. rbi s views on the new government and its fiscal policy in the upcoming budget will be crucial to watch out for. from one election to another this time south africa. parties have until the 16th ofjune to try and form some sort of coalition government after recent elections. but the country is facing