India seeks WTO nod for retaliatory tariffs on US

India seeks WTO nod for retaliatory tariffs on US

NEW DELHI, India: India has submitted a revised proposal to the World Trade Organization (WTO) in Geneva to implement retaliatory tariffs...

AI boom propels Nvidia to historic market cap milestone

AI boom propels Nvidia to historic market cap milestone

SAN FRANCISCO, California: Nvidia, the Silicon Valley chipmaker at the heart of the artificial intelligence boom, this week briefly...

AI saves $500 million for Microsoft as layoffs reshape strategy

AI saves $500 million for Microsoft as layoffs reshape strategy

REDMOND, Washington: Artificial intelligence is transforming Microsoft's bottom line. The company saved over US$500 million last year...

FTC’s rule to ease subscription cancellations struck down by court

FTC’s rule to ease subscription cancellations struck down by court

WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...

Musk’s X loses CEO Linda Yaccarino amid AI backlash, ad woes

Musk’s X loses CEO Linda Yaccarino amid AI backlash, ad woes

BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...

Ex-UK PM Sunak takes advisory role at Goldman Sachs

Ex-UK PM Sunak takes advisory role at Goldman Sachs

NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...

Gold ETF inflows hit 5-year high as tariffs drive safe-haven bets

Gold ETF inflows hit 5-year high as tariffs drive safe-haven bets

LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...

PwC: Copper shortages may disrupt 32 percent of chip output by 2035

PwC: Copper shortages may disrupt 32 percent of chip output by 2035

AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...

U.S. stocks recover after Trump-tariffs-induced slump

U.S. stocks recover after Trump-tariffs-induced slump

NEW YORK, New York - U.S. stocks rebounded Tuesday with all the major indices gaining ground. Markets in the UK, Europe and Canada...

Stocks slide as Trump unveils 25% tariffs on Japan, S. Korea

Stocks slide as Trump unveils 25% tariffs on Japan, S. Korea

NEW YORK CITY, New York: Financial markets kicked off the week on a cautious note as President Donald Trump rolled out a fresh round...

BRICS issues rebuke on trade and Iran, avoids direct US criticism

BRICS issues rebuke on trade and Iran, avoids direct US criticism

RIO DE JANEIRO, Brazil: At a two-day summit over the weekend, the BRICS bloc of emerging economies issued a joint declaration condemning...

BP appoints ex-Shell finance chief Simon Henry to board

BP appoints ex-Shell finance chief Simon Henry to board

LONDON, U.K.: This week, BP appointed Simon Henry, former Shell finance chief, to its board as a non-executive director effective September...

FedEx, UPS step up as Canada Post loses market share in strikes

FedEx, UPS step up as Canada Post loses market share in strikes

OTTAWA, Canada: With Canada Post struggling to maintain operations amid labour unrest, rivals like FedEx and UPS are stepping in to...

U.S. stocks steady Tuesday despite tariffs turmoil

U.S. stocks steady Tuesday despite tariffs turmoil

NEW YORK, New York - U.S. and global markets showed a mixed performance in Tuesday's trading session, with some indices edging higher...

Beijing blamed for covert disinformation on French fighter jet Rafale

Beijing blamed for covert disinformation on French fighter jet Rafale

PARIS, France: French military and intelligence officials have accused China of orchestrating a covert campaign to damage the reputation...

Birkenstock steps up legal battle over fakes in India

Birkenstock steps up legal battle over fakes in India

NEW DELHI, India: Birkenstock is stepping up its efforts to protect its iconic sandals in India, as local legal representatives conducted...

MP: Nepal Embassy and PHDCCI India-Nepal Centre organised 'Economic Cooperation Meet' in Bhopal

MP: Nepal Embassy and PHDCCI India-Nepal Centre organised 'Economic Cooperation Meet' in Bhopal

Bhopal (Madhya Pradesh) [India], July 13 (ANI): In association with the Embassy of Nepal in India, PHDCCI India-Nepal Centre organised...

Indian stock markets to track Q1 earnings, tariff talks, and macroeconomic data this week: Experts

Indian stock markets to track Q1 earnings, tariff talks, and macroeconomic data this week: Experts

Mumbai (Maharashtra) [India], July 13 (ANI): Participants in the Indian stock markets will closely monitor first-quarter earnings of...

TRKIYE-ANKARA-CENTRAL BANK-INTEREST RATES-EXPECTATION

TRKIYE-ANKARA-CENTRAL BANK-INTEREST RATES-EXPECTATION

(250713) -- ANKARA, July 13, 2025 (Xinhua) -- A teller counts banknotes at a currency exchange office in Ankara, Trkiye, on July 11,...

Daily World Briefing, July 13

Daily World Briefing, July 13

Air India crash report shows both engines shut down shortly after takeoff Both engines of the recently crashed Air India airplane...

Trump announces 30% tariffs on EU and Mexico

Trump announces 30% tariffs on EU and Mexico

The US President has threatened to impose the levies starting on August 1 US President Donald Trump announced on Saturday that Washington...

Former pilot points to chip malfunction, not pilot error in initial report on AI171 tragic crash

Former pilot points to chip malfunction, not pilot error in initial report on AI171 tragic crash

London [UK], July 13 (ANI): A report released by the Aircraft Accident Investigation Bureau following the fatal crash of Air India...

Billionaires gather in Sun Valley in US for Allen & Co.'s annual conference

Billionaires gather in Sun Valley in US for Allen & Co.'s annual conference

Idaho [US], July 12 (ANI): Tech titans and top executives are back together in Sun Valley, Idaho, in the United States for the annual...

Xinhua Commentary: Now is time to broaden path of practical China-Australia cooperation

Xinhua Commentary: Now is time to broaden path of practical China-Australia cooperation

Over the past three years, China-Australia relations have steadily stabilized, improved and delivered tangible results through joint...

EU chief slams Trump tariff threat, pledges retaliation if required

EU chief slams Trump tariff threat, pledges retaliation if required

Imposing 30 percent tariffs on EU exports would disrupt essential transatlantic supply chains, to the detriment of businesses, consumers,...

Von der Leyen warns U.S. tariffs on EU would hurt transatlantic supply chains

Von der Leyen warns U.S. tariffs on EU would hurt transatlantic supply chains

BRUSSELS, July 12 (Xinhua) -- European Commission President Ursula von der Leyen warned that the United States' 30 percent tariffs...

Donald Trump announces 30% import tariffs on EU and Mexico over trade and border issues

Donald Trump announces 30% import tariffs on EU and Mexico over trade and border issues

Washington [US], July 12 (ANI): US President Donald Trump on Saturday announced a 30 percent tariff on goods from Mexico and the European...

US Treasury reports surprise surplus

US Treasury reports surprise surplus

The gains are largely driven by President Donald Trumps tariff hikes, which pushed customs duty collections to record highs The US...

"It was a test of India's indigenous systems vs Chinese systems...": Warfare expert Spencer on Pakistan's escalation during Op Sindoor

"It was a test of India's indigenous systems vs Chinese systems...": Warfare expert Spencer on Pakistan's escalation during Op Sindoor

New Delhi [India], July 12 (ANI): Noting that Indian strikes during Operation Sindoor were a message about its capability not just...

EU nation seeking guarantees in fight over Russian gas PM

EU nation seeking guarantees in fight over Russian gas  PM

Slovakia has made finding a solution for its energy security a condition for approving the latest EU sanctions package Slovakia hopes...

"Operation Sindoor wasn't just 4-day war, it was a decade of preparation put to test": Warfare scholar John Spencer

"Operation Sindoor wasn't just 4-day war, it was a decade of preparation put to test": Warfare scholar John Spencer

New Delhi [India], July 12 (ANI): John Spencer, warfare scholar and chair of Urban Warfare Studies at the Modern War Institute, stressed...

Column: Brazil says no to U.S. tariff threats

Column: Brazil says no to U.S. tariff threats

U.S. President Donald Trump's announced measure against Brazil lacks any justification from a trade balance perspective. by Evandro...

Raises more questions than answers: Aviation expert on Air India crash preliminary report

Raises more questions than answers: Aviation expert on Air India crash preliminary report

Pune (Maharashtra) [India], July 12 (ANI): Aviation expert Sanjay Lazar on Sunday said that the preliminary report by the Aircraft...

"No stone should be left unturned,": Aviation safety firm's CEO on AI 171's crash report

"No stone should be left unturned,": Aviation safety firm's CEO on AI 171's crash report

New Delhi [India], July 12 (ANI): Martin Consulting's Chief Executive Officer (CEO) Mark D Martin, an aviation safety expert said on...

EU plans to tax big corporates to boost coffers FT

EU plans to tax big corporates to boost coffers  FT

The plan is being explained by new spending demands, including for military buildup, and rising debt interest, the newspaper notes...

Indian consumer discretionary sector to show mixed signals: HDFC Securities

Indian consumer discretionary sector to show mixed signals: HDFC Securities

New Delhi [India], July 12 (ANI): The consumer discretionary sector is likely to show mixed signals and is expected to grow at a rate...

India pharma, healthcare revenue to grow steadily in Q1FY26E; EBITDA margins under pressure: Report

India pharma, healthcare revenue to grow steadily in Q1FY26E; EBITDA margins under pressure: Report

New Delhi [India], July 12 (ANI): Indian pharma and healthcare sector will witness steady revenue growth in the first quarter of the...

FPIs infuse Rs 5260 cr in Indian equities this week: NSDL

FPIs infuse Rs 5260 cr in Indian equities this week: NSDL

By Nikhil Dedha New Delhi [India], July 12 (ANI): Foreign portfolio investors (FPIs) remained net buyers in the Indian equity markets...

India's forex reserves fall by $3.05 bn to $699.74 bn; Gold reserves rise by $342 mn

India's forex reserves fall by $3.05 bn to $699.74 bn; Gold reserves rise by $342 mn

Mumbai (Maharashtra) [India], July 12 (ANI): India's foreign exchange reserves (forex) witnessed a slip of USD 3.049 billion to USD...

India highlights growing Indo-Pacific role under SAGAR vision in 2024 MEA report

India highlights growing Indo-Pacific role under SAGAR vision in 2024 MEA report

New Delhi [India], July 12 (ANI): The Ministry of External Affairs (MEA) has underlined India's increasing involvement in the Indo-Pacific...

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Houthis attack cargo ship in Red Sea, raising maritime safety fears
Houthis attack cargo ship in Red Sea, raising maritime safety fears

DUBAI, U.A.E.: A cargo ship flagged under Liberia, known as the Eternity C, sank in the Red Sea following an attack executed by Yemen's...


Trump administration restarts Ukraine arms deliveries
Trump administration restarts Ukraine arms deliveries

WASHINGTON, D.C.: The Trump administration has started sending some weapons to Ukraine again, just a week after the Pentagon told officials...


From France’s shores, desperate migrants look to reach British coast
From France’s shores, desperate migrants look to reach British coast

ECAULT BEACH, France: On clear days, the white cliffs of the United Kingdom, are visible from northern France, where men, women, and...


CDC: US records 1,288 measles cases, most since 1992 outbreak
CDC: US records 1,288 measles cases, most since 1992 outbreak

ATLANTA, Georgia: The United States is facing its worst measles outbreak in more than three decades, with 1,288 confirmed cases so...


Gaza War sucking life out of an Israeli generation
Gaza War sucking life out of an Israeli generation

In the past month alone, 23 Israeli soldiers have been killed in Gaza—three more than the number of remaining living hostages held...


Faulty IT system at heart of UK Post Office scandal, says report
Faulty IT system at heart of UK Post Office scandal, says report

LONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...


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Abbott Ireland announces expansion plans, new jobs

DONEGAL, Ireland - Announcing plans to expand its workforce in Donegal, the U.S. healthcare giant Abbott unveiled plans to create 500 new jobs in the country.Abbott Ireland currently hires c ...

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