Trump Will Slap Tariffs on Imported Drugs, Trucks and Household Furnishings
The president said his tariffs would range from 25 to 100 percent and would go into effect next week. Source link
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Rupee invoicing picking up in Middle East: StanChart’s Singh
MUMBAI: Standard Chartered India CEO P D Singh sees the India-Middle East trade corridor as a promising one for adoption of rupee invoicing, even though it’s a gradual shift. “It is picking up in Middle Eastern corridors and could expand in future, much like how Chinese yuan invoicing became common in solar equipment trade,” he…
‘Logistics cost at 8% of GDP, more burden on small cos’
NEW DELHI: A new study has estimated India’s logistics cost at 8% of GDP, with smaller firms having a higher burden.In 2023-24, for entities with turnover of up to Rs 5 crore, the cost added up to 16% of their output while it was pegged at 7.6% in the case of companies with turnover of…
Countries Consider A.I.’s Dangers and Benefits at U.N.
The United Nations announced a new “global dialogue on artificial intelligence governance,” and a new global A.I. panel on the technology’s risks and rewards. Source link
Just 5% of US staff on H-1B visas: Accenture
BENGALURU: Accenture CEO Julie Sweet said H-1B visas are not a major concern for the company, noting that just 5% of its US workforce is on such visas.“This is really a non-issue because we only have about 5% of our people in the US on H-1B visas, and they’re for really specialised experience and skills…
What’s Behind Nexstar and Sinclair Boycotting Jimmy Kimmel?
Nexstar and Sinclair say their boycott of the late-night host is all about what he said. But both are exploring deals for their sprawling networks of local TV stations. Source link
Cyrus Mistry’s son Firoz joins Afcons board
MUMBAI: Firoz Mistry, the older son of the late Cyrus Mistry, has been appointed to the board of Afcons Infrastructure, marking his first directorship in an operating entity of the Shapoorji Pallonji (SP) Group. His appointment comes weeks after his cousin Pallon Mistry was inducted into the Afcons board. The move enhances his role within…
House Committee Opens Inquiry Into Uber Over Sexual Abuse
The inquiry comes weeks after a New York Times investigation found that incidents of sexual assault and sexual misconduct occurred much more frequently than Uber had disclosed. Source link
At Rs 1.4L/kg, silver records new high, up 59% this year
MUMBAI: The price of silver that has been in a bull rally for over three years now, broke above the Rs 1.40 lakh/kg level on Thursday, a new all-time peak in the domestic market after international prices breached the psychologically important $45/ounce mark, a more than 14-year high. A weak rupee also helped the rally…
Trump Wades Into Bailout Politics in Offering a Lifeline to Argentina
A $20 billion loan to support Argentina’s president, Javier Milei, could come with economic and political risks. Source link