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US consumer confidence fell sharply in September as Americans’ concerns over inflation and a weakening job market deepened, according to the Conference Board’s latest survey. The consumer confidence index dropped 3.6 points to 94.2, down from August’s 97.8, marking the lowest reading since April, when President Donald Trump implemented sweeping tariff policies.The index measuring Americans’…
File photo (Picture credit: AP) The United Nations has reimposed wide-ranging sanctions on Iran over its nuclear programme, further tightening the squeeze on the Islamic Republic as it grapples with soaring food prices, currency collapse and fears of renewed conflict with Israel and the United States.According to news agency Associated Press (AP), the sanctions—revived through…
Canada’s Indian student visa approvals fall by 50% in 2025: IRCC data Canada has recorded a steep decline in the number of Indian international students receiving study permits in 2025. According to data published by the ICEF Monitor, there has been a 50% year-over-year decrease in study permit approvals for Indian nationals.The downturn is part…
The US economy grew at an unexpected 3.8 per cent annualised pace in the second quarter, significantly higher than the previously estimated 3.3 per cent, government data showed Thursday. The revision highlights a strong rebound from a first-quarter contraction of 0.6 per cent and underscores the influence of shifting trade patterns on the country’s economic…
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday approved the doubling of the 104 km Bakhtiyarpur–Rajgir–Tilaiya railway line in Bihar at an estimated cost of Rs 2,192 crore.The project will expand the Indian Railways network across four districts and improve connectivity to important destinations such as Rajgir, Nalanda and…
Nirmala Sithraman (File photo) NEW DELHI: The next generation GST reforms will leave more disposable income with the people, boost consumption and help inject nearly Rs 2 lakh crore in the economy, finance minister Nirmala Sitharaman said on Wednesday.Addressing a GST outreach programme in Visakhapatnam, Sitharaman said after the GST tax rate rationalisation, 99 per…
Union commerce minister Piyush Goyal on Wednesday said that he expects India’s exports to rise by around 6% this year as compared with 2024.Speaking to reporters, Goyal highlighted India’s strong global trade performance despite challenges and said talks on free trade agreements (FTAs) were progressing with several countries.“India’s exports would grow by around 6% this…
Canada’s central bank on Wednesday lowered its key lending rate to 2.5%, giving some relief to borrowers as the country’s economy feels the strain of US President Donald Trump’s trade war.The Bank of Canada had kept its rate steady at 2.75% since March, while assessing the impact of Trump’s shifting tariffs on Canadian businesses that…
During the Outreach and Interaction Program on Next Gen GST Reforms, FM Sitharaman highlighted that post-tax reforms. (PTI photo) GST rate cuts impact: Finance Minister Nirmala Sitharaman on Wednesday said that GST rate cuts announced by the Modi government, effective September 22, will inject Rs 2 lakh crore into the economy.“With this new gen tax…
Retail spending in the US exceeded expectations in August, rising 0.6 percent month-on-month, government data showed on Tuesday, even as President Donald Trump’s tariffs continue to impact the global trade environment. On a year-on-year basis, retail sales climbed 5 percent.The Commerce Department data highlighted that motor vehicle and parts dealers saw a 0.5 percent increase…
