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…
Elon Musk, who heads both Tesla and SpaceX, saw a remarkable 82% increase in his net worth. (AI image) World’s richest persons 2025: Tesla’s Elon Musk has once again claimed his position as the world’s wealthiest individual, securing the top spot on the Hurun Rich List for the fourth time in a five-year period.The 53-year-old,…
WTO data indicates the U.S. trade-weighted average tariff stands at 2.2%, whilst India’s is 12. (AI image) India is willing to reduce tariffs on over 50% of American imports valued at $23 billion during the initial stage of a trade agreement under negotiation between the two countries, two government officials told Reuters. This significant reduction…
Private bank, IndusInd Bank on Monday said that it expects a 2.35% decline in its net worth by December 2024, following discrepancies uncovered during an internal review of its accounts, reported news agency Reuters.The bank stated in a stock exchange filing that it has appointed a reputable external agency to independently review and validate the…
NEW DELHI: Foreign portfolio investors (FPIs) maintained their selling streak in February, pulling out Rs 34,574 crore from Indian equities, as per data from the National Securities Depository Limited (NSDL).The sell-off was particularly strong in the final week of the month, with FPIs offloading Rs 10,905 crore worth of shares between February 24 and February…
NEW DELHI: The metro unit of Delhi Police has recovered and returned more than 450 stolen mobile phones valued at over Rs 1 crore to their owners in 20 days, officials said on Friday. Mobile thefts constitute over 80 per cent of all crimes registered in Delhi Metro, police said. The metro unit of Delhi…
Daron Acemoglu, a winner of the 2024 Nobel in economic science, gave me some answers. “There is a lot of hype in the industry,” he told me in a telephone conversation. Yes, he said, A.I. companies have made some “impressive achievements,” but he added that many financial and economic calculations were being based on mere…
A former Postal Service worker admitted this week that he stole valuable sports collectibles, including Michael Jordan trading cards, an autographed photo of the tennis star Rafael Nadal and a Mickey Mantle card, while he was working as a sorting clerk at a post office in New Jersey, federal prosecutors said. The items, collectively estimated…
Rumor mill is churning out that Barack Obama and Hollywood actor Jennifer Aniston are dating. However, there is no confirmation from anywhere. Barack Obama and Jennifer Aniston, renowned personalities, have reaped extraordinary amounts from their diligence, talents, and successful careers. Let’s dig into more about their net worth, income-generating sources, and the path of money…
NEW DELHI: Congress on Wednesday claimed that Aam Aadmi Party national convener Arvind Kejriwal had made a health scam worth 382 crores, ahead of the Delhi legislative assembly election. As the Delhi is moving ahead for the election, several parties are claiming that the other candidates have made some scams in the past or is…