US President Donald Trump on Wednesday renewed his attack on Federal Reserve Chair Jerome Powell, saying he would fire him if he continues in the role beyond the end of his mandate.Powell’s term as Fed chair ends in mid-May, and Trump has repeatedly criticised him for not cutting interest rates more aggressively, AFP reported. Watch…
Jerome H. Powell’s term as chair of the Federal Reserve ends on May 15, but it appears increasingly likely that he will stay on in some capacity at the central bank after that. Source link
Veteran investor Mark Mobius, widely regarded as a pioneer of emerging markets investing, has died at the age of 89, marking the end of a decades-long career that helped shape global investment strategies, according to a Bloomberg report.According to Bloomberg, Mobius died in Singapore, with the news confirmed in a LinkedIn post attributed to his…
The music industry colossus that includes Ticketmaster was found to have violated antitrust laws by using its dominance in the industry to stifle competition. Source link
India has strongly pushed back against the United States’ Section 301 investigations, rejecting allegations of unfair trade practices and seeking immediate termination of the probes.In its submission to the US Trade Representative (USTR), India “firmly denies all allegations made in the initiation notice” related to claims of excess structural capacity and production in manufacturing sectors,…
The company, which owns the social media app Snapchat, said it was laying off about 1,000 employees as it increases its reliance on artificial intelligence. Source link
NEW DELHI: National Highways Authority of India (NHAI) on Wednesday directed all banks issuing FASTags to undertake “immediate” validation of Vehicle Registration Numbers (VRNs) linked to the smart tags issued by them. The banks have been directed to blacklist FASTags that are found linked to incorrect or invalid VRNs.The decision follows receipt of complaints regarding…
Amid signs of a prolonged period of high energy costs, policymakers are urging restraint as governments open up the public till to protect households and businesses. Source link
Benchmark indices surged sharply on Wednesday, with investors turning bullish as easing oil prices and hopes of renewed US-Iran talks lifted sentiment across sectors.The BSE Sensex jumped 1,263.67 points, or 1.64%, to close at 78,111.24, after rising as much as 1,422.85 points, or 1.85%, during the session. The NSE Nifty climbed 388.65 points, or 1.63%,…
More than a dozen U.S. Navy warships are enforcing a blockade on all vessels from all nations entering or leaving coastal areas or ports in Iran. Source link
