Image used for representative purposes Wall Street’s top ‘fear gauge’ soared to an eight-month high on Friday as US stocks tumbled sharply after China imposed sweeping new tariffs on all US goods. This latest escalation in the trade war between the world’s two largest economies rattled global markets, deepening investor anxiety and fueling fears of…
Global stock markets plunged Friday after China retaliated against the US with steep new tariffs, intensifying a trade war that investors fear could tip the world into recession. Despite a strong US jobs report, panic selling swept Wall Street and Europe, as investors braced for what many now see as an economic reckoning.The S&P 500…
Representative image (AP) As a countermeasure to US tariffs imposed by President Donald Trump, China has expanded its sweeping export restrictions on strategic minerals critical to defence, clean energy, and high-tech industries.The latest development brings out Beijing’s growing willingness to weaponize its dominace over global mineral supply chains. Rare Earths and permanent magnets On Friday,…
The combined wealth of the world’s 500 wealthiest individuals decreased by $208 billion on Thursday following US President Donald Trump’s announcement of broad tariffs, causing global markets to decline sharply.This represents the fourth-largest single-day reduction in the Bloomberg Billionaires Index since its inception 13 years ago, surpassed only by declines during the peak of the…
Picture this: you’re at the grocery store, reaching for your usual $3 avocado, only to find it now costs $4.50. You look around for answers — inflation? Greedy grocers? Nope. It’s a global trade war. Welcome to Trump’s America, Round Two: Tariffs Edition.On Wednesday, President Donald Trump stood in the Rose Garden, squinting into the…
NEW DELHI: Former RBI governor Raghuram Rajan on Thursday described the reciprocal tariffs on about 60 countries by the Trump administration a “self goal” and said its impact on India will be “smaller”.US President Donald Trump has announced the imposition of additional ad-valorem duties ranging from 10% to 50% on imports from all trading partners.“Let…
NEW DELHI: Aircraft lessors will no longer need to fear their assets getting stuck in India for indefinitely long periods of time when an airline here goes belly up — something they witnessed in recent times from the Kingfisher fiasco in 2012 to GoAir closure two years back. India will soon have a law to…
NEW DELHI: Sebi on Thursday exempted govt from making an open offer to the shareholders of Vodafone Idea (VIL), following its proposed acquisition of just over 34% stake in VIL on the conversion of spectrum dues into equity.Sebi whole time member Ashwani Bhatia said, “Acquisition of shareholding by govt in VIL is proposed with the…
The proposed US tariffs would mean unprecedented trade restrictions since the early 1900s. (AI image) Is the world staring at a recession? Economic forecasts have darkened on Wall Street following Donald Trump‘s broad tariff announcements, with major financial institutions signalling recession concerns. Bloomberg reports that JPMorgan’s Chief Economist Bruce Kasman has elevated global recession probability…
A discrepancy emerged between the White House annex and Trump’s Rose Garden presentation charts for at least 14 economies. US President Donald Trump’s reciprocal tariffs announcement on ‘Liberation Day’ left many confused due to different rates visible in the chart that Trump displayed and the annexure released as part of White House’s executive order.For example,…
