Business News - Page 8

Trump softens stance on ‘reciprocal tariffs’ as April 2 nears, may implement tailored duties: Report

The shift toward a narrower focus would be a departure from earlier plans to introduce a broader three-tiered tariff framework encompassing high, medium and low categories for virtually all US trading partners

Global share markets: Asian equities falter as Trump's ‘Liberation Day’ tariffs edge closer

Since returning to office in January, Trump has reignited tensions with key allies by reviving protectionist rhetoric and threatening a swathe of import duties, including on steel and cars– moves that have rattled financial markets from Tokyo to Frankfurt

India slaps anti-dumping duties on Chinese products as tensions over market access persist

India has frequently used anti-dumping measures as a tool to address its ballooning trade deficit with China, which reached $85 billion in the 2023-24 financial year

Rich countries are paying more interest on debts than spending on their militaries

Debt service costs as a percentage of GDP for the 38 OECD countries rose to 3.3% in 2024, up from 2.4% in 2021, according to a report

Indian stock market boosted by bulls! Sensex surges 900 points, Nifty breaches 23K mark

The 30-share BSE Sensex surged 899.01 points, settling at 76,348.06 after breaching the 76K mark. The broader Nifty 50 index, on the other hand, jumped 283.05 points to end the day at 23,190.65

CNN-News18 unveils enhanced viewer experience, celebrates 3-year milestone as India’s No. 1 English news channel

To mark the special occasion, CNN-News18 has unveiled a visually immersive and clutter-breaking experience that prioritizes impactful storytelling through less text and more visuals

European stocks are soaring: Investors have Germany's Chancellor-in-waiting, Merz, to thank

Around noon (GMT), the Frankfurt benchmark index advanced 1.1 per cent to 23,412.68, while Paris’s CAC 40 and London’s FTSE 100 each rose 0.4 per cent to 8,106.84 and 8,712.02, respectively

Wealthy Americans, middle-class citizens to cut spending, impacting consumption: Is it the Trump effect?

Shoppers are cutting back on spending, rattled by market volatility and Trump's escalating trade wars. Investors' enthusiasm has soured as concerns mount over his administration's aggressive and unpredictable tariff policies

Trump says won’t be any exemption on US steel, aluminum tariffs in duties taking effect on April 2

Trump previously stated that his administration is preparing reciprocal tariffs– which would impose import taxes on each country based on a calculation involving its own tariff and non-tariff barriers

Chinese economy on shaky ground in first two months of 2025, data shows

Data also showed that unemployment rose, while housing prices continued to fall in most major cities. This comes despite efforts to revive confidence in the world's second-largest economy

Global CEOs set to meet Xi Jinping as China pushes ‘open for business’ message

The visit comes as Beijing seeks to reassure foreign investors amid ongoing economic headwinds and a cooling business climate. Xi has ramped up engagement with the private sector in recent months, following a period of regulatory crackdowns and slowing growth

India’s retail inflation dips below 4%, February index at 7-month low

India's retail inflation fell below 4% in February for the first time in six months mainly due to a decline in vegetable prices. Annual retail inflation in February eased to 3.61%, below economists' estimate of 3.98% and the lowest since July

Singapore-based Temasek to acquire 10% stake in Haldiram’s snacks division for $1 billion

Haldiram Snacks Foods, the combined FMCG business of the Delhi and Nagpur branches of the Haldiram’s family, is a dominant player in India’s snack industry

Japan's Nissan to chuck out CEO Uchida as cimpany struggles to keep up with competition

Facing broader struggles, Nissan has lowered its profit forecast three times this fiscal year. In November, Uchida announced a restructuring plan that included reducing global production capacity and cutting thousands of jobs

Jio inks deal with Musk's SpaceX for Starlink internet services in India

The development comes a day after the company's rival, Bharti Airtel, announced that it had inked a similar pact

Vietnam Airlines adds Bengaluru and Hyderabad flights from May 2025

Vietnam Airlines expands India network with new Bengaluru and Hyderabad flights, enhancing connectivity and catering to growing travel demand

Recession ahead? Why the US economy is on shaky ground under Trump

The US economy is facing growing recession fears as key indicators signal trouble ahead. The Atlanta Federal Reserve has projected a 2.4 per cent GDP contraction in Q1 2025, while US consumer confidence saw its sharpest decline since August 2021. Adding to the uncertainty are mass government layoffs, rising unemployment and Trump's global tariffs, leaving economists divided over America's future

Japan's Seven & i Holdings under pressure to negotiate buyout with Canada's Couche-Tard

Couche-Tard, which operates Circle K convenience stores and gas stations, made an offer last year to acquire Seven & i Holdings, the parent company of 7-Eleven, for $18.19 per share

US added 151,000 jobs in February but sees unemployment tick up in first report of Trump’s new term

The US added 151,000 jobs in February, while the unemployment rate edged up to 4.1 per cent from 4 per cent the month before in the first jobs report of President Donald Trump’s second term, according to a report

D-Street inches towards comeback: Nifty snaps 10-day losing streak, Sensex up 740 points at closing

Cutting short its record 10-day falling streak, the broader Nifty of NSE rebounded by 254.65 points or 1.15 per cent to settle at 22,337.3. BSE Sensex surged by 740.30 points or 1.01 per cent to close at 73,730.23

Elon Musk fails to stop OpenAI’s transition to for-profit business as US Judge says no to injunction

Musk had argued that OpenAI’s co-founders, including Altman, misled him into funding the startup under the pretense that it would remain a nonprofit. The judge, however, said he failed to demonstrate that an injunction against OpenAI was necessary

Foxconn subsidiary Ennoconn joins Make In India drive, registers in Tamil Nadu as business entity

Ennoconn’s entry occurs at a time when Foxconn is reportedly aiming to diversify beyond iPhone assembly into sectors like information and communication technology (ICT) products and AI servers

Driven by defence spending, global govt borrowing set to hit record $12.3 tn in 2025

Global government borrowing is projected to hit a record $12.3 trillion this year, driven by increased defence spending and other expenditures in major economies, along with rising interest rates, according to a report

Jejurikar of M&M is CEO of the year at glittering Forbes India Leadership Awards 2025

The Forbes India Leadership Awards 2025 celebrated visionary leaders at Mumbai’s Jio World Convention Centre, recognising their transformative impact on industries and the nation

Indian stock market today: Another bleak start for D-Street as Sensex, Nifty 50 tank

The 30-share BSE Sensex opened below the 73,000 mark at 72,817.34, down 268.6 points from the previous session's closing. The broader Nifty 50 index opened at 21,974.45

US stock market: Wall Street indices sink as Trump confirms tariffs on Mexico, Canada

The Dow Jones Industrial Average fell 1.5 per cent to 43,191.24, while the S&P 500 lost 1.8 per cent to close at 5,849.72. The Nasdaq Composite saw a steeper decline, dropping 2.6 per cent to 18,350.19

US-China trade war looms as Beijing vows retaliation to Trump’s new tariffs taking effect today

China would reportedly hit back with a series of both tariffs and non-tariff measures in response to the additional 10 per cent duties imposed by Trump. American agricultural and food products were expected to be caught in the crossfire

Crypto prices see surge after Trump reveals names of five coins for 'crypto reserve'

The prices of three crypto coins mentioned in Trump's first post jumped by 62 per cent on Sunday. Meanwhile, Bitcoin and Ethereum also jumped by more than 10 per cent each

Forbes India to celebrate transformative leaders at 14th annual awards

The journey to this year’s awards began on December 3 last year

Is Nissan looking to replace CEO Uchida over poor earnings, failed Honda merger talks?

Nissan faces mounting financial pressures, with a record debt bill coming due next year. It has also been struggling to attract consumers with an ageing vehicle lineup and has relied heavily on incentives and promotions to clear inventory