Business News - Page 3

US Tariffs: Why is Trump going soft on China but playing hardball with India?

2 months ago

US President Donald Trump has extended a tariff truce with China while imposing steep duties on India over its Russian oil imports. The US continues to negotiate with Beijing to avoid economic disruption, yet New Delhi faces a combined 50 per cent tariff burden — a starkly different trade approach towards the two major partners

The case of Bao Fan, China's star banker released from detention after 2 years

2 months ago

Bao Fan, founder of China Renaissance and one of China’s most influential dealmakers, has been released after over two years in detention. His disappearance in 2023 shocked the business community and rattled markets. While his return has boosted investor sentiment, questions remain over the opaque investigation

Who is Stephen Miran, Trump’s short-term Fed pick?

2 months ago

US President Trump has appointed economist Stephen Miran to the Federal Reserve Board for a short-term role lasting until January 2026. A staunch advocate of tariffs and rate cuts, Miran's nomination could influence future monetary policy as Trump looks to reshape the Fed’s direction — especially with Fed chair Jerome Powell’s term set to expire in May 2026

Textiles, gems, chemicals... The sectors most affected by Trump's 50% tariffs on India

2 months ago

As the US enforces a 25 per cent tariff on Indian goods and an additional 25 per cent later, major export sectors like textiles, gems, chemicals, and seafood are facing unprecedented cost burdens. With Washington targeting India over its Russian oil ties, exporters fear job losses, declining orders and global market displacement

What does US import from Russia as Trump rants about India's oil trade?

2 months ago

As Trump threatens steep tariffs on India over its Russian oil imports, data reveals the US quietly continues to import billions worth of palladium, uranium, and fertilisers from Russia. While Washington criticises New Delhi’s energy ties with Moscow, its own trade in strategic commodities with Russia raises questions about economic double standards

Trump new tariffs: How India stacks up against rest of Asia

3 months ago

US President Donald Trump’s sweeping new tariffs — reaching up to 41 per cent — have redrawn global trade lines. India now faces a 25 per cent duty as negotiations stall, while Japan, Thailand and others negotiated reductions. With Asian markets wobbling and currencies sliding, what’s next for the region?

Trump’s tariffs and Russia penalty: How much does India depend on Moscow?

3 months ago

US President Donald Trump has slapped 25 per cent tariffs on Indian goods, citing trade deficits and India’s deepening energy and defence ties with Russia. With talk of an added 'penalty' for Moscow links, India faces one of its toughest balancing acts yet — defending vital oil and arms imports while safeguarding its US trade relationship

Hindustan Unilever gets its first woman boss. Who is Priya Nair?

3 months ago

For the first time in its 92-year history, Hindustan Unilever Ltd (HUL) has appointed a woman, Priya Nair, as its next Chief Executive Officer and Managing Director. She currently heads Unilever’s Beauty and Wellbeing division, a business worth 13 billion euros that includes brands like Dove, Sunsilk, Clear, and Vaseline. She will take on her new role from August 1, 2025

From Canada to every corner of Asia: Which countries have received Trump's tariff letters?

3 months ago

Over 20 nations — from economic allies like Canada and Japan to developing economies such as Cambodia and Sri Lanka — have received letters from Donald Trump threatening steep tariffs by August 1. With rates reaching as high as 50 per cent, countries are rushing to negotiate new trade terms, while the US President warns against retaliation or attempts to bypass duties

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