Trump, Claiming Weak Jobs Numbers Were ‘Rigged,’ Fires Labor Official
Economists said ousting the head of the Bureau of Labor Statistics could undermine confidence in government economic data. Source link
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With new 40% tariff on transshipments, Trump takes aim at US dependence on China’s factories
Ever since President Trump began raising tariffs on goods from China during his first term, Chinese companies have raced to set up warehouses and factories in Southeast Asia, Mexico and elsewhere to bypass US tariffs with indirect shipments to the American market via other countries. But on Thursday, Trump took aim at all indirect American…
Fed Governor Resigns, Giving Trump Opportunity to Shape Central Bank
The resignation comes as President Trump has openly pressured the central bank to lower interest rates and called for Jerome H. Powell, the chair, to step down. Source link
ICICI’s UPI fee to pinch fintechs
MUMBAI: Payment aggregators are feeling the pinch as ICICI Bank has now started charging them for processing purchases made using UPI,Fintechs that route transactions through the bank must now factor in new charges, intensifying the debate on the long-term viability of free digital payments. Payment aggregators with escrow accounts at ICICI will be charged two…
Michael Cardozo, 84, New York City’s Longest-Serving Chief Lawyer, Dies
As the city’s corporation counsel under Mayor Michael Bloomberg, he defended stop-and-frisk policing and a ban on smoking in bars and restaurants. Source link
Street vendor push: Loan hike, credit cards okayed | India News
NEW DELHI: Govt has approved higher subsidised loans for street vendors under the second phase of PM SVANidhi scheme and expanded its coverage by bringing around 50 lakh more beneficiaries under its ambit. TOI has learnt that the proposal to enable around 11 beneficiaries who have paid the first two tranches of subsidised loans to…
Trump Turns to Untested Tariffs to Reorder Global Trade
President Trump has long wanted to rework world trade. The tariffs set to go into effect next week will carry out that plan. Source link
‘Limited direct impact from US tariffs’: Fitch revises India GDP forecast to 6.3% for FY26; infrastructure spending, local demand seen supporting key sectors
Fitch Ratings has revised India’s GDP growth projection for the current financial year down to 6.3%, from its earlier estimate of 6.4%, while stating that the recently announced US tariffs are likely to have only a limited direct effect on Indian corporates.In its latest India Corporates Credit Trends report released Friday, the global rating agency…
Fed Governor Steps Down Early, Giving Trump Opportunity to Appoint New Official
The resignation comes as President Trump has been openly pressuring the central bank to lower interest rates and calling for Jerome H. Powell, the chair, to step down. Source link
India-US trade: Union minister Piyush Goyal to hold talks on August 2–4 with exporters in Mumbai, key sectors flag urgent concerns amid 25% Trump tariffs
Commerce and Industry minister Piyush Goyal will meet exporters from sectors including food processing, textiles, engineering, and chemicals in Mumbai from August 2-4 to discuss the implications of the 25% tariff announced by the United States, an industry official said on Friday.Exporters from fisheries, IT, pharma, and engineering will also participate in the meetings. A…