MUMBAI: The rupee bucked the trend among Asian peers on Friday, slipping to a record low even as most emerging market currencies strengthened against the dollar. It closed at 88.27 after touching an intra-day low of 88.36, weaker than Thursday’s close of 88.15.The fall came amid concerns over US tariffs, while intervention by Reserve Bank of India through state-run banks …
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US President Donald Trump is set to sign an executive order on Friday to rename the Department of Defence as the “Department of War,” a White House official confirmed on Thursday. The move, aimed at reshaping the identity of the government’s largest institution, is being seen as part of Trump’s effort to leave his imprint on federal agencies. The order …
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President Donald Trump on Thursday (US local time) signed an executive order formally implementing the US-Japan trade agreement, a landmark pact that lowers tariffs on Japanese autos to 15% and secures a $550 billion investment pledge from Tokyo, the White House announced.The White House confirmed the move in a statement posted on X.Under the agreement, nearly all Japanese imports entering …
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US President Donald Trump said on Wednesday that China’s “beautiful ceremony” marking the end of World War II should have acknowledged the United States’ role in defeating Japan. “I thought it was a beautiful ceremony. I thought it was very, very impressive,” Trump told reporters in the Oval Office, hours after he suggested on social media that foreign leaders meeting …
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The Trump family’s latest foray into cryptocurrency has triggered questions over conflict of interest after a $750 million transaction put their businesses on both sides of the deal, The Wall Street Journal reported.According to the WSJ, the arrangement centres on World Liberty Financial (WLFI) — the Trump family’s flagship crypto venture launched last year. Earlier this month, WLFI took over …
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Donald Trump (File photo) US President Donald Trump marked Labor Day weekend by spotlighting what the White House described as “nearly $10 trillion” in new investments aimed at American workers, part of what officials are calling a “Golden Age of Prosperity.” “President Trump believes that American workers are the heart and soul of our economy, which is why he’s championed …
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US President Donald Trump has dropped plan to visit India later this year, as trade frictions and political disagreements strain relations between Washington and New Delhi, the New York Times reported, citing people familiar with the matter. The development comes after months of escalating tensions, with both sides struggling to make progress on trade talks. In recent weeks, the United …
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US President Donald Trump (Pic credit: AP) The US federal court’s ruling over the tariff, calling it “illegal”, came as a major setback for President Donald Trump. The court said that the Republican leader overstepped his authority when he declared trade deficits and border issues as “national emergencies” to justify sweeping tariffs he imposed on nearly every trading partner.Trump who …
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On Friday, a divided U.S. appeals court ruled that the majority of tariffs imposed by President Donald Trump are illegal, delivering a major setback to one of his key international economic policy tools. The decision challenges Trump’s use of these levies to influence global trade relations and could have wide-ranging effects on U.S. trade agreements, affected industries, and supply chains. …
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US President Donald Trump (Pic credit: AP) US President Donald Trump on Friday said that he would “fight back” after a US federal court in a significant ruling found his global tariffs “illegal.” The US court of appeals for the federal circuit in Washington ruled that many of Trump’s tariffs were illegal; however, it allowed them to remain in place …
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