Shawn Fain, Who Pledged to Reform U.A.W., Faces Internal Dissent
Dissidents are seeking to oust Mr. Fain as president of the United Automobile Workers union as he prepares to run for re-election next year. Source link
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India-US trade talks resume: Deal unlikely unless extra 25% tariffs lifted, says GTRI; urges firm stance on farm, dairy
Progress in India–US trade negotiations depends heavily on Washington revoking the additional 25 per cent tariffs linked to India’s Russian oil imports, according to a report by the India-based Global Trade Research Initiative (GTRI) as discussions resumed in New Delhi on Tuesday.“Negotiations will remain slow unless Washington signals genuine flexibility,” the GTRI report stated, as…
How Wall Street’s Big Bets on A.I. Are Driving Interest in Huge Parking Lots
J.P. Morgan, Blackstone and other financial giants are buying “industrial outdoor storage,” sites vital to logistics, trade and the construction of data centers. Source link
GST revamp: Government asks retailers to highlight discounts, focus on festive season sales
In a major relief to the consumers, the commerce and industry ministry has asked retail chains to clearly display and advertise discounts arising from the recent rationalisation of GST rates, directing them to pass on the benefit to final buyers ahead of the festive season.In a communication to the Retailers Association of India, the Department…
Federal Reserve to Meet Under Cloud of Trump’s Attacks
Stephen Miran and Lisa Cook will both cast votes at the central bank’s meeting on Wednesday, where policymakers are expected to lower interest rates. Source link
Gold loans surge as small borrowers shun MFIs: 122% jump in June, shows RBI data; soaring prices, lower rates fuel shift
Lower-income borrowers with limited income are increasingly turning to gold loans instead of microfinance institutions (MFIs) to meet urgent financial needs. Rising gold prices, lower gold-loan interest rates and stricter MFI lending norms are driving the trend. RBI data show gold-backed loans jumped 122 per cent year-on-year until June, while the Microfinance Industry Network reported…
China’s Snub of U.S. Soybeans Is a Crisis for American Farmers
North Dakota farmers are scrambling to find extra storage space and bracing for land values to fall as soybeans that should be bound for China begin to pile up. Source link
India’s first private-sector strategic petroleum reserve! Megha Engineering bags Rs 5,700-crore project; why it’s important
The venture includes a crude oil filling expense of $1.25 billion (Rs 11,020 crore) at present rates. (AI image for representative purpose) India is looking to build its first-ever private sector strategic petroleum reserve in the next five years. The massive Rs 5,700 crore project contract has been awarded to Megha Engineering & Infrastructures Ltd.According…
U.S.-British Deal Would Speed Nuclear Plant Construction
An agreement between London and Washington is expected to be signed during President Trump’s state visit to Britain this week. Source link
Russia’s economy to outpace global growth; focus on fiscal stability, technology and foreign ties: Putin
Russian President Vladimir Putin stressed the need for Russia’s economic growth to outpace global rates during a conference addressing financial matters.At the conference, Putin highlighted how the country’s fiscal stability and execution of initiatives and schemes are directly linked to its economic performance. “It is obvious that the stability of public finances, the implementation of…