I.M.F. Raises Global Growth Outlook as U.S. Looks to Avert Trade Wars
The International Monetary Fund warned that trade tension continued to be a risk for the global economy. Source link
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TCS layoffs: Amidst mass sackings, Tata Consultancy Services stops salary hikes & senior level hiring; ‘huge cost cutting in…’
TCS communicated to its employees through an internal email on Saturday regarding challenges from market and economic uncertainties. (AI image) TCS layoffs: Tata Consultancy Services (TCS) has decided to stop recruitment of senior staff and freeze yearly salary increments across its global operations. This decision follows the company’s recent announcement to reduce its over 6…
Union Pacific to Buy Norfolk Southern in $85 Billion Railroad Deal
The merger would create the United States’ first coast-to-coast rail network, spanning 50,000 miles and 43 states. Source link
Tariff impact: Donald Trump’s new import duties could push US factory costs up to 4.5%, economists warn; flag risks to jobs, AI growth and margins
As President Donald Trump prepares to implement a sweeping set of new import tariffs starting August 1, a new analysis suggests these policies could significantly strain US manufacturers by raising their costs between 2% and 4.5%. The research, conducted by the Washington Center for Equitable Growth, warns that such increases may crimp already-thin profit margins,…
Powell Under Siege as Fed Plans to Stand Pat on Rate Cuts
Jerome H. Powell, the Federal Reserve chair, is facing relentless attacks from the president, a lively campaign to replace him and divisions in his own ranks over when to cut interest rates. Source link
NSE Q1 results: Net profit rises 14% to Rs 2,924 crore, contribution to exchequer logs at Rs 14,331 crore in April–June
The National Stock Exchange (NSE) on Tuesday reported a 14% year-on-year rise in consolidated net profit to Rs 2,924 crore for the April–June quarter of FY26, even as its total income dipped 3% to Rs 4,798 crore compared with Rs 4,950 crore in the same period last year.In the year-ago quarter, the bourse had posted…
Europe Made Major Trade Concessions to Trump. How Did That Happen?
Some European politicians are dismayed that the European Union did not drive a harder bargain, but facing the threat of a damaging trade war, officials say they had little choice. Source link
Hang Seng index dips amid China-US trade talks; European stocks rise, Fed decision in focus
Global shares traded on mixed cues on Tuesday as investors focused on high-stakes trade negotiations between the US and China, while awaiting key economic data and central bank decisions later this week.France’s CAC 40 rose 1.1% to 7,887.57, Germany’s DAX advanced 1% to 24,191.38, and the UK’s FTSE 100 was up 0.3% in early trade….
Trump Is Winning His Trade War. What Will That Mean for the Economy?
The president’s vision for reshaping global trade is falling into place, but he is embarking on an experiment that economists say could still produce damaging results. Source link
Wistron to expand India operations: Telangana unit planned with Rs 1,000 crore investment; focus on non-iPhone hardware
Taiwanese manufacturer Wistron, which sold its Karnataka iPhone facility to Tata Electronics in 2023, is now planning an electronics production unit in Telangana with a proposed investment of Rs 1,000 crore, according to informed Economic Times sources.The company is currently looking for suitable land in Hyderabad to establish a facility dedicated to manufacturing servers, routers…