A US Federal Reserve official said Friday that the central bank could start cutting interest rates as soon as next month, signaling flexibility amid global economic uncertainty and rising geopolitical risks.“We can start the process of bringing rates down, and then if there’s some big shock due to maybe the Middle East conflict, we can…
British luxury carmaker Jaguar Land Rover (JLR) sharply lowered its earnings outlook for the next financial year, citing growing uncertainty in the global automotive market and new US tariffs that threaten to disrupt international sales.On Monday, JLR revised its earnings before interest and taxes (EBIT) margin forecast for fiscal 2026 to between 5% and 7%,…
US Stock Market: Wall Street futures slipped on Wednesday morning, even as the United States and China reached a broad consensus on advancing a trade deal after months of tit-for-tat tariffs. The agreement followed two days of high-level talks in London, building on earlier discussions in Geneva. Despite the positive steps in diplomacy, US market…
ECB President Christine Lagarde (AP) The European Central Bank lowered its key interest rate by 25 basis points on Thursday, citing growing uncertainty from US trade threats and slowing eurozone momentum.In its eighth consecutive rate cut, the ECB reduced its benchmark rate to 2%, down from a recent high of 4%, as policymakers attempt to…
US President Donald Trump with China’s counterpart Xi Jinping (File Image) US President Donald Trump and China’s counterpart Xi Jinping are likely to speak this week, White House press secretary Karoline Leavitt said on Monday, following the tension that flared between the two economic powerhouses over breaching tariff and trade restriction agreements.Responding to the reporter’s…
Xi Jinping, US President Donald Trump China “firmly rejected” the US’s “bogus charges and unreasonably” allegations of violating an agreement to reduce substantial trade tariffs between the two economic powerhouses.Following discussions between senior officials in Geneva last month, both nations had agreed to a 90-day temporary reduction in their significantly high tariffs.However, US commerce secretary…
If the ruling is upheld it could mean the Trump administration will have to reimburse the substantial import duties already collected. (AI image) What will happen if the US trade court ruling against American President Donald Trump’s reciprocal tariffs is upheld? If that happens, it could necessitate the Trump administration to refund billions in import…
अमेरिकी राष्ट्रपति डोनाल्ड ट्रम्प ने steel और aluminum पर आयात शुल्क को 25% से बढ़ाकर 50% करने की घोषणा की है, जो 4 जून 2025 से प्रभावी होगी। यह कदम उन्होंने domestic industry की रक्षा के नाम पर उठाया है। 2024 में अमेरिका ने लगभग 2.8 करोड़ टन स्टील और 54 लाख टन एल्युमिनियम का…
The upcoming hike in US tariffs on steel and aluminium imports, announced by President Donald Trump, is set to impact Indian metal exports worth $4.56 billion, according to a new analysis by the Global Trade Research Initiative (GTRI).Beginning June 4, the higher duties are expected to raise product costs for Indian manufacturers and exporters in…
Today’s news wrap includes updates on Donald Trump’s tariffs, foreign delegations India-Pakistan relations among others. Trump announced a steep hike in steel import tariffs—from 25% to 50%—aimed at safeguarding the American steel industry, while also reiterating his claim of averting a potential nuclear conflict between India and Pakistan during his tenure. Meanwhile, all-party delegation led…