Category: Politics

US President Donald Trump said on Monday he would impose a 100% tariff on all foreign-made movies, an unprecedented move that threatens to upend Hollywood’s global business model. The step signals Trump’s willingness to extend protectionist trade policies into cultural industries, raising uncertainty for studios that depend heavily on international box-office revenue and cross-border co-productions. Trump […]

New Delhi, The India-European Free Trade Association’s (EFTA) Trade and Economic Partnership Agreement (TEPA) will officially become operational on October 1, with the four-nation bloc comprising Switzerland, Norway, Iceland and Liechtenstein. Under the agreement, the European bloc has committed an investment of $100 billion over a period of 15 years which would facilitate the creation of […]

Accenture CEO Julie Sweet downplayed concerns about the Trump administration‘s new $100,000 H-1B visa fee, stating the policy change poses minimal threat to the global consulting giant’s operations. “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 […]

Modi and Xi Jinping held discussions during the Indian prime minister’s first trip to China in seven years earlier this month. Chief executives of leading automobile and electronics companies said there has been little on-ground improvement in India-China business relationship despite recent top-level bonhomie between the two countries. All 51 applications by Indian auto companies to […]

India could buy corn from the US to produce ethanol, besides making higher purchases of energy, as part of fresh offers to arrive at a trade deal. New Delhi has pressed for removal of the 25% penal tariffs imposed on India for purchasing Russian oil that the US says is helping to fund the Ukraine war. […]

New Delhi, Domestic generic producers are likely to see near-term gains as higher prices for branded drugs can push demand towards cost-effective alternatives after the US announced its decision to impose 100 per cent tariffs on the pharmaceuticals industry from October 1, analysts said on Friday. Generic drugs are currently exempted from US tariffs and according […]

New York, NATO Secretary-General Mark Rutte claimed that the tariffs imposed by US President Donald Trump on India over Russian oil imports are having a major impact on Moscow. The NATO chief claimed that, amid 50 per cent tariffs on India, Prime Minister Narendra Modi had reached out to Russian President Vladimir Putin to seek clarity […]

Three years into Russia’s war in Ukraine, one NATO member is still bankrolling the Kremlin in a way that has stunned both Brussels and Washington. Hungary, under Prime Minister Viktor Orbán, now sources more than 80 percent of its crude oil from Russia, making it the most Russia-dependent economy in the alliance. The irony runs deeper […]

NEW DELHI: External affairs minister S Jaishankar on Thursday delivered a pointed message on global conflicts, terrorism and took a veiled swipe at the United States over its stance on Russian oil while stressing the urgency of multilateral reforms. Addressing the G20 Foreign Ministers’ meeting, Jaishankar called out the “double standards” over buying of Russian energy […]

Pharma stocks hit by Trump’s tariffs: Pharmaceutical stocks declined sharply by up to 5% on Friday, September 26, following US President Donald Trump’s declaration of imposing 100% tariffs on branded and patent-protected medicines. Sun Pharma experienced the steepest decline, touching its yearly low at Rs 1,547, showing a 5% reduction from its last closing price. Biocon […]