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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…
After years of scepticism and branding Chinese stock markets as “uninvestable”, foreign investors are once again turning their attention to Chinese equities, betting on the country’s resilience in artificial intelligence, semiconductors and biotech as well as a growing need for diversification beyond US assets.Progress in China’s AI adoption, its push in semiconductors, and breakthroughs in…
The government’s proposed Export Promotion Mission, designed to shield Indian exporters from global trade shocks, is set to be placed before the Union Cabinet for approval soon, sources told PTI. Inter-ministerial consultations on the scheme have been completed.The mission, first announced in the Union Budget, is expected to offer about Rs 25,000 crore worth of…
A parliamentary panel has recommended that India should consider renegotiating or even exiting the Information Technology Agreement (ITA) under the World Trade Organization (WTO), pointing to the US’s unilateral exit from WTO obligations and use of tariffs to protect its domestic industry as a possible template, sources told PTI. The Standing Committee on Communications and…
US President Donald Trump (R) and Chinese foreign minister Wang Yi (R) China has hit back strongly at the Donald Trump-led US after Washington called on its Nato allies to impose major sanctions on Beijing — 50 to 100 per cent — alleging China’s role in funding Russia and adding to its lethal potency in…
Trump-Xi-Putin (AI image generated using ChatGPT) US President Donald Trump has threatened sweeping new tariffs of up to 100% on Chinese goods while calling on Nato allies to halt oil purchases from Russia, arguing that such measures would end the war in Ukraine swiftly.In an aggressive post on Truth Social, which he described as “a…
India’s home textile exporters are set to face a revenue fall of 5-10% this year, along with lower operating profitability, after the United States enforced a steep 50% tariff from 27 August, according to a report by Crisil Ratings. Exports make up nearly three-quarters of the industry’s turnover, making the impact significant.As per news agency…
