Soaring housing costs pose threat to global financial stability: WEF

IANS | July 12, 2026 9:06 PM

New Delhi, July 12 (IANS) Housing costs across 21 countries frequently exceed affordable limits, which is leading to continuous wealth erosion and threatening financial stability, and this crisis is expected to pressure household budgets and retirement savings, particularly for younger generations facing demographic shifts, according to a report released by the World Economic Forum (WEF).

Agreements signed during PM Modi's visit showcase India, Australia as long-term strategic partners: Report

IANS | July 12, 2026 8:46 PM

New Delhi, July 12 (IANS) India and Australia signed several agreements spanning several areas like defence, economic security, energy, education, science, technology, and culture, during Prime Minister Narendra Modi's recent visit to Melbourne, showcasing that both nations do not view one another as important bilateral partners but as long-term strategic partners whose cooperation covers almost every major area of national policy, as per a report.