Global News for You – Top News – Current News
U.S. President Donald Trump’s “reciprocal tariffs”, that go into effect this week, could have a “devastating impact” on global trade, and even lead to the collapse of some national economies, warns Asia Society president and CEO Kyung-wha Kang. In this interview with The Hindu during a recent visit to India, Ms. Kang — who was…
Image used for representational purposes. | Photo Credit: Reuters The dollar slumped on Friday (April 11, 2025) as waning confidence in the U.S. economy prompted investors to ditch U.S. assets to the benefit of safe havens such as the Swiss franc, yen and euro, as well as gold. The yellow metal recorded a new…
New Delhi: India likes to do things differently. While the world has been struggling to get back on its feet after US President Donald Trump pulled the rug from underneath, with his reciprocal tariffs announcement, some nations, like China and Canada retaliated shortly after, with tit-for-tat tariffs. While China countered the US’ 34 per cent…
New Delhi: Russia, whose economy is heavily dependent on oil, energy, and mineral exports to the world, is staring at a crisis should oil prices continue to plummet the way they are currently. Moscow has sounded the alarm as oil prices dropped to as low as $60 per barrel on Monday. Russia’s Urals Oil dipped…
Chinese Foreign Ministry spokesperson Lin Jian. | Photo Credit: Reuters China on Monday (April 7, 2025) accused the U.S. of unilateralism, protectionism and economic bullying with tariffs. “Putting the U.S. first over international rules is a typical act of unilateralism, protectionism and economic bullying,” Foreign Affairs spokesperson Lin Jian told reporters. President Trump announced sweeping…
The Nasdaq index confirmed it entered a bear market on Friday (April 4, 2025), as oil prices and other commodities plunged amid a massive global market decline following Mr. Trump’s announcement of sweeping tariffs. File | Photo Credit: AP Indian shares opened sharply lower on Monday (April 6, 2025), as concerns over a global trade…
Commerce Secretary Sunil Barthwal. File photo | Photo Credit: PTI The Union Commerce Ministry is analysing the impact of 26 per cent reciprocal tariffs or import duties imposed by the United States on India, a senior government official said on Thursday (April 3, 2025). Click here for the live updates on U.S. President Donald Trump’s tariff…
Washington: While announcing his country’s “reciprocal tariffs” on those who tariff the United States, Donald Trump recalled his brief remark to Prime Minister Narendra Modi regarding trade ties with India, when the two leaders met in Washington recently. “You’ve not been treating us right,” he recalled as saying to PM Modi, when he spoke about…
President Donald Trump departs after signing an executive order at an event to announce new tariffs in the Rose Garden of the White House on April 2, 2025. | Photo Credit: AP U.S. President Donald Trump on Wednesday (April 2, 2025) listed the high tariffs charged by India on American products as he announced reciprocal…
Von der Leyen said that as part of its response, the EU would further diversify its trading partnerships and “double down” on the internal EU Single Market. File | Photo Credit: Reuters On the eve of U.S. President Donald Trump’s sweeping ‘reciprocal tariffs’ on April 2, the E.U. and U.K. had starkly contrasting responses planned, with…
