He lays down his cards with outrageous announcements and then back-tracks, especially in bilateral negotiations. It is a pattern repeated in his domestic interventions in different fields as well as his dealings with US neighbours like Canada and Mexico, allies like the UK, EU, Japan and Korea, rivals like China and Russia, and other countries…
‘What does Trump want?’ is a question much of the world has struggled to answer for weeks since US President Donald Trump imposed sweeping tariffs on trade partners, as well as no-commercial trade geographies inhabited only by penguins and seagulls, and then put them most on pause. He raised tariffs on China, then raised them…
President Donald Trump pitched his trade framework with the UK as a historic achievement, and the first step in his revolutionary effort to overhaul the global economy. But as the president began revealing specifics of the deal, it became clear it fell short of the “full and comprehensive” agreement he had promised, or the US-UK…
Though Indian stock market indices have a record of falling in response to armed conflicts, the latest strike by India on targets in Pakistan did not bother investors on Wednesday. The Sensex edged lower at first, but quickly recovered to end 0.13% higher. It offered a sharp contrast with Pakistan’s market, whose primary index dropped…
NEW YORK – Oil prices fell about 2% to a two-week low on Tuesday as investors braced for OPEC to boost output and worried U.S. President Donald Trump’s tariffs would hit the global economy and slow demand for the fuel. Brent crude futures fell by $1.61, or 2.4%, to settle at $64.25 per barrel. U.S….
The US dollar index, which measures the greenback against six major peers, extended its decline to the fourth straight session on Friday, April 11, tumbling 2% to slip below the 100 mark for the first time since July 2023, reaching 99.02. With today’s fall, the US dollar has lost 4.21% of its value so far…
With America’s sudden trade onslaught taking the world to the brink of commercial chaos, the economic outlook for India, like for other countries, has taken a turn for the worse. So, it is not surprising that the Reserve Bank of India’s (RBI) attention has turned decisively to supporting growth. On Wednesday, its monetary policy committee…
As US President Donald Trump sends shockwaves through global markets, one asset class that stands gleaming is gold. On Tuesday, its price reached a new record high of nearly $3,150 per ounce in the international market amid concerns over the global economy taking a big hit once Trump’s reciprocal tariffs come into force from 2…
Estimates of gross value added (GVA) and gross domestic product (GDP) for 2024-25 were released last month along with revised estimates for 2023-24 and final data for 2022-23. The numbers for 2024-25 were broadly in line with estimates released earlier, with GDP growth placed at 6.5%, marginally higher than the 6.4% reported as part of…
Davos, Asserting that Indian workers prove their mettle everywhere they go including in leadership roles, union minister Jayant Chaudhary has said this success story is set to grow further on the global stage. Speaking to PTI in this ski resort town on the sidelines of the World Economic Forum Annual Meeting, the minister said the…
