Economists at EY-Parthenon forecast a modest 2.5% increase in holiday spending, but it’s due in part by gifts being more expensive this year. So what are budget-minded shoppers to do?
India has agreed to stop buying Russian oil — at least that's according to President Donald Trump. The president has pushed India to do this as a way of putting pressure on Russia to end the war in Ukraine, and Trump says he's received assurances from Indian Prime Minister Narendra Modi that India would do this. But that's not quite the story we're hearing from India this morning. The BBC's Arunoday Mukharji reports from Delhi.
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The CDFI fund supports mission-driven lenders operating in rural, tribal, and otherwise underserved parts of the country. Last year, it awarded over $400 million to those institutions.