Mumbai: The higher US tariffs against select Indian imports to the world’s largest economy that is set to kick off today, and no end in sight to the India-US impasse, spooked Dalal Street as investors pressed the sell button on Tuesday. In addition, Wednesday being a trading holiday also weighed on investor sentiment since any negative development for the market …
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Emer Moreau Business reporter, BBC News We Need To Talk Adam Frisby founded In The Style with just £1,000 in 2013 The founder of online womenswear brand In The Style has said he has “no regrets” about leaving the company two years ago. In a wide-ranging interview on the We Need to Talk podcast, Adam Frisby went into detail about …
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Korean Air on Monday announced a record-breaking $50 billion order for 103 Boeing aircraft and GE Aerospace engines and servicing, coinciding with South Korean President Lee Jae Myung’s visit to Washington. The purchase marks the largest in the carrier’s history, as per Reuters.The order includes a mix of 787s, 777s and 737s worth about $36.5 billion, while a separate agreement …
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Gold became more expensive in the national capital on Tuesday, as the prices surged by Rs 600 to Rs 1,00,770 per 10 grams, supported by a weaker rupee and firm global trends, according to the All India Sarafa Association. The metal of 99.9% purity had settled at Rs 1,00,170 per 10 grams on Monday.Gold of 99.5% purity also rose, climbing …
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Potential tariff on pharma imports into the US, while still under Section 232 investigation, is unlikely to impact the credit profiles of Indian pharma companies, India Ratings and Research (Ind-Ra) said.While the US contributes around 35% to the total revenue for leading domestic pharma companies, this proportion has been steadily declining over the past few years due to price erosion …
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Michelle Fleury New York business correspondent Chip Somodevilla/ Getty Images Donald Trump (left) has openly criticised the US central bank, calling its chair Jay Powell (right) a ‘numbskull’ Donald Trump says he’s sacking Federal Reserve governor Lisa Cook. She says she’s not going anywhere – and is threatening legal action. No one quite knows how this will unfold, or whether …
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US President Donald Trump’s attempt to dismissal Federal Reserve governor Lisa Cook is expected to land in court, raising questions over the extent of presidential powers against the traditionally independent central bank.Legal experts say Trump’s claim that he can fire Cook, a Biden appointee, is legally weak but unprecedented. The Supreme Court has recently allowed presidents more authority to remove …
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The US government is evaluating potential ownership stakes in defence industry firms. (AI image) The Donald Trump administration seems to be eyeing America’s top defence giants for a stake after it struck a deal with Intel last week. The US government is evaluating potential ownership stakes in defence industry firms, including Lockheed Martin Corp, US Commerce Secretary Howard Lutnick has …
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BBC Gas and electricity prices are expected to rise slightly during the autumn and winter months, after a new energy price cap takes effect on 1 October. The increase comes after a fall at the start of July, but there are concerns that bills remain unaffordable for some. The energy price cap sets the maximum amount customers can be charged …
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Poundland could run out of money by the end of the week if a restructuring plan is not approved. The budget chain has asked a High Court judge to approve a deal which would save it from having to go into administration. Poundland has around 14,700 staff and operates about 800 stores. It previously announced plans to close 68 shops …
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