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South Korea holds bilateral trade talks with 14 partners at APEC meeting South Korea has discussed ways of enhancing bilateral economic and trade cooperation with the United States, China, Japan and several other partner nations on the sidelines of the Asia-Pacific Economic Cooperation (APEC) meeting amid heightened uncertainties in the global economic and trade landscape, the industry ministry said.  The two-day APEC Ministers Responsible for Trade Meeting took place on South Korea's southern resort island of Jeju from Thursday, providing an opportuni...
South Korea holds bilateral trade talks with 14 partners at APEC meeting
South Korea holds bilateral trade talks with 14 partners at APEC meeting
Source: IANS
2025-05-17 11:23:52 am
India willing to remove 100 pc tariffs on US goods: Donald Trump US President Donald Trump has claimed that India offered to remove all tariffs on American goods, but added that he was in no rush to finalise a trade deal despite the apparent breakthrough.  In an interview with Fox News on Friday, Donald Trump said India is a top example of a country with barriers he is determined to dismantle. "They make it almost impossible to do business. Do you know they're willing to cut 100 per cent of their tariffs for the United States?" the...
India willing to remove 100 pc tariffs on US goods: Donald Trump
India willing to remove 100 pc tariffs on US goods: Donald Trump
Source: IANS
2025-05-17 11:15:03 am
South Korea requests exemption from all US tariffs South Korea has again asked the United States to exempt the country from all tariffs, Seoul's Industry Minister Ahn Duk-geun said on Friday, after meeting with US Trade Representative Jamieson Greer on the sidelines of a trade ministers' meeting of the Asia-Pacific Economic Cooperation (APEC) member economies.  In the meeting, the two sides agreed to hold their second round of technical discussions in Washington next week on six areas related to trade -- trade imbalances, non-...
South Korea requests exemption from all US tariffs
South Korea requests exemption from all US tariffs
Source: IANS
2025-05-17 09:54:37 am
HD Hyundai CEO meets USTR Greer to discuss shipbuilding cooperation The chief executive officer (CEO) of HD Hyundai, South Korea's leading shipbuilding conglomerate, met with US Trade Representative (USTR) Jamieson Greer to explore cooperation in the shipbuilding sector, the company said on Friday.  HD Hyundai CEO Chung Ki-sun and Greer held the meeting on the sidelines of the Asia-Pacific Economic Cooperation (APEC) trade ministers' meeting, held on Jeju Island from Thursday to Friday, the company said in a press release. The meeting marke...
HD Hyundai CEO meets USTR Greer to discuss shipbuilding cooperation
HD Hyundai CEO meets USTR Greer to discuss shipbuilding cooperation
Source:
2025-05-16 12:27:11 pm
South Korean, US trade chiefs to hold talks over tariffs South Korea's trade chief Ahn Duk-geun was set to hold talks with US Trade Representative (USTR) Jamieson Greer on Friday on the sidelines of a trade ministers' meeting of the Asia-Pacific Economic Cooperation (APEC) member economies, officials said.  The meeting to be held on South Korea's southern island of Jeju comes about three weeks after their last gathering in Washington for high-level trade consultations, where the two sides agreed to pursue a "package" d...
South Korean, US trade chiefs to hold talks over tariffs
South Korean, US trade chiefs to hold talks over tariffs
Source: IANS
2025-05-16 11:23:14 am
India is increasingly positioned as Apple’s most viable alternative to China India's competitive edge makes it a natural choice for tech giants like Apple and the US-based company has assured the government of its commitment to manufacture its products and boost the ‘Make in India’ initiative.  The country has shown big companies like Apple the value of "Make in India”, according to informed sources on Thursday. According to people close to the matter, “There is no change in Apple’s investment plans in India”. ...
India is increasingly positioned as Apple’s most viable alternative to China
India is increasingly positioned as Apple’s most viable alternative to China
Source: IANS
2025-05-16 10:34:29 am
APEC trade ministers' meeting kicks off in South Korea A trade ministers' meeting of the Asia-Pacific Economic Cooperation (APEC) member economies kicked off on Thursday on South Korea's southern resort island of Jeju to discuss challenges facing global trade, with many bilateral meetings held on the sidelines highlighting the countries' efforts to address such issues stemming from growing trade protectionism.  The APEC Ministers Responsible for Trade (MRT) Meeting will be held through Friday at the International Convention Ce...
APEC trade ministers' meeting kicks off in South Korea
APEC trade ministers' meeting kicks off in South Korea
Source: IANS
2025-05-16 09:13:51 am
Blackstone-backed ASK Investment Managers launches ASK Special Opportunities Portfolio ASK Investment Managers (“ASK”), part of the Blackstone-backed ASK Asset & Wealth Management group, has announced the launch of its new equity PMS strategy - ASK Special Opportunities Portfolio, to enable agile value investment opportunities in today’s volatile times. The newly launched fund will be a differentiated and limited-period investment offer which aims to invest predominantly in stocks that present special investment opportunities and capita...
Blackstone-backed ASK Investment Managers launches ASK Special Opportunities Portfolio
Blackstone-backed ASK Investment Managers launches ASK Special Opportunities Portfolio
Source: PR Agency
2025-05-15 01:58:21 pm
Money supply falls for 1st time in 23 months in March: BOK South Korea's money supply fell for the first time in 23 months in March, due mainly to a decline in savings deposits and other liquid financial products, central bank data showed on Thursday.  The country's M2, a key gauge of the money supply, stood at 4,227.8 trillion won (US$3.01 trillion) in March, down 0.1 percent from a month earlier, according to the preliminary data from the Bank of Korea (BOK), reports Yonhap news agency. It marked the first monthly decline since A...
Money supply falls for 1st time in 23 months in March: BOK
Money supply falls for 1st time in 23 months in March: BOK
Source: IANS
2025-05-15 12:59:11 pm
US announces $243.5 bn deals with Qatar The US has announced deals totaling more than $243.5 billion with Qatar, calling the series of agreements with the Gulf Arab country will generate an economic exchange worth at least $1.2 trillion.   The White House said in a press statement on Wednesday that Boeing and GE Aerospace secured a $96 billion agreement to sell Qatar Airways up to 210 Boeing 787 Dreamliner and 777X aircraft powered by GE Aerospace engines. The White House noted it is "Boeing's largest-ever wi...
US announces $243.5 bn deals with Qatar
US announces $243.5 bn deals with Qatar
Source: IANS
2025-05-15 12:54:52 pm
USTR Greer arrives in S. Korea to attend APEC trade ministers' meeting US Trade Representative (USTR) zarrived in South Korea on Wednesday to attend a trade ministers' meeting of the Asia-Pacific Economic Cooperation (APEC) member economies and meet with Seoul's trade chief this week.  Greer is set to attend the APEC Ministers Responsible for Trade Meeting, slated for Thursday and Friday at the International Convention Centre on the southern Jeju Island, reports Yonhap news agency. On Friday, Greer will hold talks with Ahn Duk-geun, Seoul'...
USTR Greer arrives in S. Korea to attend APEC trade ministers' meeting
USTR Greer arrives in S. Korea to attend APEC trade ministers' meeting
Source: IANS
2025-05-15 12:22:08 pm
Seoul shares rise for 3rd day on eased trade woes South Korean stocks extended their winning streak to a third day on Wednesday as the Washington-Beijing trade deal boosted investor appetite for the risky assets. The local currency fell against the US dollar.  The benchmark Korea Composite Stock Price Index (KOSPI) added 32.15 points, or 1.23 percent, to close at 2,640.57, following a 1.17 percent jump and 0.04 percent gain on Monday and Tuesday, respectively. Trade volume was moderate at 386.7 million shares worth 8.76 trillion w...
Seoul shares rise for 3rd day on eased trade woes
Seoul shares rise for 3rd day on eased trade woes
Source: IANS
2025-05-14 03:27:43 pm
Credit Saison India Secures USD 150 million in ECB Funding from Mizuho Bank Credit Saison India (“CS India”), a leading non-banking financial company and the Indian subsidiary of Japan’s Credit Saison Co., has secured External Commercial Borrowing (ECB) funding of USD 150 million from Mizuho Bank Ltd. under a bilateral arrangement. This development follows Mizuho Bank’s equity investment for a 15% stake in CS India, with an investment of USD 145 million in 2024 which further deepens the strategic relationship between the two financial institut...
Credit Saison India Secures USD 150 million in ECB Funding from Mizuho Bank
Credit Saison India Secures USD 150 million in ECB Funding from Mizuho Bank
Source: PR Agency
2025-05-14 12:44:02 pm
Samsung acquires German ventilation firm FlaktGroup Holding for $1.68 billion Samsung Electronics said on Wednesday it has acquired FlaktGroup Holding, a Germany-based ventilation company, for 1.5 billion euros ($1.68 billion), marking its largest takeover in about eight years.  The company has signed an agreement with European investment firm Triton to take over a 100 percent stake in the German heating, ventilation and air-conditioning (HVAC) company, according to Samsung Electronics. "Through the acquisition of FlaktGroup, an applied HVAC specialist,...
Samsung acquires German ventilation firm FlaktGroup Holding for $1.68 billion
Samsung acquires German ventilation firm FlaktGroup Holding for $1.68 billion
Source: IANS
2025-05-14 11:30:02 am
Seoul shares edge up after US-China trade deal; won sharply down South Korean stocks edged up on Tuesday following a trade agreement between the United States and China. The local currency fell sharply against the US dollar.  The benchmark Korea Composite Stock Price Index (KOSPI) added 1.09 points, or 0.04 percent, to close at 2,608.42, following a 1.17 percent jump on the previous day, reports Yonhap news agency. Trade volume was moderate at 413.3 million shares worth 8.32 trillion won ($5.87 billion), with gainers closely beating decliners 45...
Seoul shares edge up after US-China trade deal; won sharply down
Seoul shares edge up after US-China trade deal; won sharply down
Source: IANS
2025-05-13 04:34:34 pm
South Korean ICT minister to visit US for GPU cooperation talks South Korean Minister of Science and ICT Yoo Sang-im will visit the United States later this week to discuss ways to expand cooperation with Nvidia in securing advanced graphic processing units (GPUs), the ministry said on Tuesday.  The announcement came during a meeting of the government-led special committee on artificial intelligence (AI) computing, which Yoo chairs. At the meeting, the ministry also unveiled an additional budget of 1.46 trillion won ($1.03 billion) aimed at pur...
South Korean ICT minister to visit US for GPU cooperation talks
South Korean ICT minister to visit US for GPU cooperation talks
Source: IANS
2025-05-13 12:13:32 pm
Seoul`s industrial output, retail sales decline in Q1 this year Industrial output and retail sales in Seoul declined from a year earlier in the first quarter of this year, while the city's service sector remained relatively strong despite the broader economic slowdown, government data showed on Tuesday.  Seoul's industrial production dropped 2.1 percent on-year during the January-March period, mainly due to reduced output in the electricity and gas, food manufacturing and machinery equipment sectors, according to the data from Statistics K...
Seoul`s industrial output, retail sales decline in Q1 this year
Seoul`s industrial output, retail sales decline in Q1 this year
Source: IANS
2025-05-13 10:57:11 am
US stocks soar as tariff truce with China sparks global market rally Wall Street kicked off the week with a powerful surge on Monday, as major US stock indexes soared after the United States and China struck a long-awaited deal to reduce tariffs. The agreement, which aims to ease tensions in the ongoing trade war between the two largest economies, lifted investor confidence and sparked a global market rally. The Dow Jones Industrial Average jumped 1,037.13 points, or 2.51 per cent, at 42,286.51. The broader S&P 500 climbed 150.24 points, or 2....
US stocks soar as tariff truce with China sparks global market rally
US stocks soar as tariff truce with China sparks global market rally
Source: IANS
2025-05-13 09:16:14 am
Apple clocks highest 23 pc growth in India in March quarter Apple registered the highest growth of 23 per cent among the top five brands in India in the January-March quarter, shipping a first-quarter record of three million units, an IDC report said on Monday.  In the March quarter, iPhone 16 was the highest shipped model, accounting for 4 per cent of overall India shipments during Q1 2025. The first two months of the year saw fewer launches with brands focusing on offering retail support, discounts and price drops on older models to clear...
Apple clocks highest 23 pc growth in India in March quarter
Apple clocks highest 23 pc growth in India in March quarter
Source: IANS
2025-05-12 04:30:51 pm
US, China sign deal to roll back tariffs for 90 days US Treasury Secretary Scott Bessent announced here on Monday that an agreement has been reached with China, at the trade talks held here, for a bilateral reduction in tariffs with effect from May 14 for a 90-day period.  The US will reduce tariffs on Chinese goods from 145 per cent to 30 per cent for 90 days, while China said it will cut tariffs on US goods from 125 per cent to 10 per cent for 90 days. “We have reached an agreement on a 90-day pause and to substantially move ...
US, China sign deal to roll back tariffs for 90 days
US, China sign deal to roll back tariffs for 90 days
Source: IANS
2025-05-12 03:50:15 pm
South Korea adds robotics on list of national strategic technologies South Korea has newly designated robotics and defence technologies as part of its portfolio of advanced technologies the country aims to strategically develop as new economic growth engines, the industry ministry said on Monday.  The Ministry of Trade, Industry and Energy posted a notification of designation of the two new national strategic technologies on the official gazette, bringing the total number of such technologies to 19. Before the addition of robotics and defence, South...
South Korea adds robotics on list of national strategic technologies
South Korea adds robotics on list of national strategic technologies
Source: IANS
2025-05-12 10:18:12 am
USTR Greer to visit South Korea for trade talks this week US Trade Representative (USTR) Jamieson Greer plans to visit South Korea this week for talks on the US new tariff scheme and other bilateral trade issues, officials said on Sunday.  Greer is scheduled to arrive in South Korea on Thursday for a two-day stay to attend the Asia-Pacific Economic Cooperation (APEC) trade ministers meeting, which will be held on the southern resort island of Jeju, according to government officials, reports Yonhap news agency. On the sidelines of the meet...
USTR Greer to visit South Korea for trade talks this week
USTR Greer to visit South Korea for trade talks this week
Source: IANS
2025-05-11 12:49:46 pm
South Korea to decide on Google's transfer of high-precision map data by August The South Korean government will decide by August whether to allow Google to transfer the country's high-precision map data overseas amid heated debates over national security, digital sovereignty and other trade issues, officials said on Sunday.  In February, the U.S. tech giant submitted an application to the state-run National Geographic Information Institute, seeking approval for the transfer of 1:5,000-scale high-precision map data to its data centres abroad. The review pa...
South Korea to decide on Google's transfer of high-precision map data by August
South Korea to decide on Google's transfer of high-precision map data by August
Source: IANS
2025-05-11 12:29:16 pm
South Korea records lowest Q1 economic growth among major economies South Korea posted the lowest economic growth among 19 major economies in the first quarter, data showed on Sunday, amid a domestic political crisis and uncertainties caused by US President Donald Trump's administration's sweeping tariff policies.  The country's real gross domestic product (GDP) -- a key measure of economic growth -- shrank by 0.246 percent in the January-March period from a quarter earlier, according to the data from the Bank of Korea (BOK). It marked ...
South Korea records lowest Q1 economic growth among major economies
South Korea records lowest Q1 economic growth among major economies
Source: IANS
2025-05-11 12:16:18 pm
India, New Zealand aim to conclude FTA this year India and New Zealand have reaffirmed their common vision and mutual understanding to work towards a future-ready framework and conclude the free trade agreement (FTA) this year.  In a major step towards expanding bilateral trade and investment engagement, the first round of negotiations for the India–New Zealand FTA concluded successfully in New Delhi. The next round will be held in July 2025. “As India steadily advances its footprint through multiple trade agreements,...
India, New Zealand aim to conclude FTA this year
India, New Zealand aim to conclude FTA this year
Source: IANS
2025-05-11 09:18:00 am
Korean Air to acquire 10 pc stake in Canada`s WestJet Korean Air Lines, South Korea's leading air carrier, said it will acquire a 10 percent stake in WestJet, Canada's second-largest airline, in a bid to strengthen its presence in the North American market.  The South Korean airline's board approved the US$220 million deal earlier in the day, the company said in a press release. Delta Air Lines, Korean Air's joint venture partner in the United States, will also purchase a 15 percent stake in WestJet for $330 million, repo...
Korean Air to acquire 10 pc stake in Canada`s WestJet
Korean Air to acquire 10 pc stake in Canada`s WestJet
Source: IANS
2025-05-10 02:00:57 pm
US conducting security impact probe into imported aircraft, jet engines, parts US President Donald Trump's administration is conducting a probe to determine whether imported commercial aircraft, jet engines and related parts pose a national security threat to the United States, a Commerce Department notice showed, a move that could lead to new tariffs on the aerospace industry.  In the notice posted on the Federal Register, the department's Bureau of Industry and Security said that Commerce Secretary Howard Lutnick initiated the investigation on May 1 un...
US conducting security impact probe into imported aircraft, jet engines, parts
US conducting security impact probe into imported aircraft, jet engines, parts
Source: IANS
2025-05-10 11:20:03 am
US investment firm Vanguard cuts Ola's valuation to $1.25 billion as IPO faces uncertainty US-based asset management firm Vanguard has sharply reduced the valuation of ride-hailing company Ola to $1.25 billion, according to its latest filing with the US Securities and Exchange Commission (SEC).  This marks a significant drop of over 80 per cent from Ola’s peak valuation of $7.3 billion in 2021. Earlier in February 2024, Vanguard had valued the Bhavish Aggarwal-led company at $1.88 billion for the first time, later revising it slightly upward to around $2 billion in...
US investment firm Vanguard cuts Ola's valuation to $1.25 billion as IPO faces uncertainty
US investment firm Vanguard cuts Ola's valuation to $1.25 billion as IPO faces uncertainty
Source: IANS
2025-05-10 11:05:50 am
US and UK announce first of Trump’s trade deals The United States and United Kingdom on Thursday announced a trade deal that is the first under President Donald Trump’s sweeping tariffs on nearly all of America's trading partners in April. President Trump previewed the deal in posts on Truth Social and was joined by Prime Minister Keir Stammer of the UK on phone at the formal announcement in the Oval Office of the White House. “Today is an incredible day for America as we deliver our first Fair, Open, and Reciprocal T...
US and UK announce first of Trump’s trade deals
US and UK announce first of Trump’s trade deals
Source: IANS
2025-05-09 11:54:49 am
Eco-friendly cars account for 81 pc of new imported car sales in April in South Korea. The number of imported vehicles sold in South Korea last month dropped slightly from a year earlier, but eco-friendly vehicles such as hybrids and electric vehicles (EVs) accounted for a record 81 percent of the total, industry data showed on Thursday.  According to the Korea Automobile Importers and Distributors Association (KAIDA), a total of 21,495 imported cars were newly registered in April, down 0.3 percent from a year ago. KAIDA attributed the decrease to price hikes and inv...
Eco-friendly cars account for 81 pc of new imported car sales in April in South Korea.
Eco-friendly cars account for 81 pc of new imported car sales in April in South Korea.
Source: IANS
2025-05-08 10:01:53 am
India-UK FTA bypasses China’s dependence, navigates US tariffs: SBI India and the United Kingdom have signed a landmark free trade agreement (FTA), momentous not only in quantitative magnitude -- encompassing reductions across 90 per cent of tariff lines -- but also in its emblematic stature as a recalibration of post-globalisation economic strategy, an SBI report said on Wednesday.  The FTA signal a new global trade strategy, bypassing China’s dependence, navigating US tariffs and reshaping post BREXIT Britain. The FTA takes place in the bac...
India-UK FTA bypasses China’s dependence, navigates US tariffs: SBI
India-UK FTA bypasses China’s dependence, navigates US tariffs: SBI
Source: IANS
2025-05-08 09:34:08 am
India to drop tariffs to ‘nothing’, says Trump US President Donald Trump on Tuesday said India has dropped -- or it will -- its tariffs on imports from the US to “nothing”. He shared no details on goods and sectors affected. The US and India have been negotiating a trade deal that Trump administration officials have said could be one of the first to be announced, among the slew of deals under discussion between the US and its other trade partners. Speaking of the key US demands in these negotiations - drop tariffs or gra...
India to drop tariffs to ‘nothing’, says Trump
India to drop tariffs to ‘nothing’, says Trump
Source: IANS
2025-05-07 11:17:49 am
Centre ropes in top European firm Rhenus to run barges on India’s inland waterways The Centre signed a Memorandum of Understanding (MoU) with global logistics major Rhenus Group on Tuesday to start scheduled barge operations across India’s key National Waterways (NWs) in a big boost to environment-friendly river transport in the country.   As part of the MoU signed by the Inland Waterways Authority of India, Rhenus will introduce 100 barges in a phased manner in the national waterways, while 20 barges and six pushers to be deployed in the first phase, targetin...
Centre ropes in top European firm Rhenus to run barges on India’s inland waterways
Centre ropes in top European firm Rhenus to run barges on India’s inland waterways
Source: IANS
2025-05-07 11:05:26 am
India, Italy explore ways to strengthen economic ties at ADB meet  Union Finance Minister Nirmala Sitharaman on Monday met her Italian counterpart Giancarlo Giorgetti, on the sidelines of the 58th ADB Annual Meeting in the Italian city of Milan and explored ways to strengthen India-Italy economic ties and enhance cooperation in global and multilateral platforms on issues of mutual interest.   The meeting highlighted implementation of the Joint Strategic Action Plan 2025-2029 announced by Prime Minister Narendra Modi and his Italian counterpart ...
India, Italy explore ways to strengthen economic ties at ADB meet
India, Italy explore ways to strengthen economic ties at ADB meet
Source: IANS
2025-05-06 10:24:26 am
India urges Asian Development Bank to discontinue financial support to Pakistan Union Finance Minister Nirmala Sitharaman has taken up the issue of the Pahalgam terror attack and the involvement of Pakistan in the barbaric act with Asian Development Bank (ADB) chief Masato Kanda, reports said on Monday.  The diplomatic measures against Pakistan in the aftermath of the Pahalgam massacre have picked up again, with New Delhi requesting the Asian Development Bank to discontinue financial support to Pakistan. According to NDTV, citing sources, FM Sitharaman took up...
India urges Asian Development Bank to discontinue financial support to Pakistan
India urges Asian Development Bank to discontinue financial support to Pakistan
Source: IANS
2025-05-06 09:21:58 am
Data breach: SK Telecom suspends new subscriber sign-ups SK Telecom suspended new subscriber sign-ups to its network on Monday as part of response measures following a recent company network data breach.  The nationwide suspension took place as the company focuses on replacing mobile phone USIM chips after it detected a cyberattack on April 18 that showed signs of a large-scale leak of customer USIM data, reports Yonhap news agency. The government ordered SKT last week to halt new subscriber sign-ups until it resolves a shortage of ...
Data breach: SK Telecom suspends new subscriber sign-ups
Data breach: SK Telecom suspends new subscriber sign-ups
Source: IANS
2025-05-05 05:00:15 pm
Warren Buffett shares views on tariffs, AI, dollar depreciation, and Berkshire Hathaway’s cash reserves at annual meeting Renowned investor Warren Buffett, at Berkshire Hathaway’s annual meeting where he announced he would be stepping down at the end of the year, shared his opinion on a wide range of important topics, including tariffs, artificial intelligence (AI), currency depreciation, the company's vast cash reserves, and investments in real estate.  The 94-year-old investing legend criticised tariffs, calling them a "big mistake" and warned that trade should never be used as a we...
Warren Buffett shares views on tariffs, AI, dollar depreciation, and Berkshire Hathaway’s cash reserves at annual meeting
Warren Buffett shares views on tariffs, AI, dollar depreciation, and Berkshire Hathaway’s cash reserves at annual meeting
Source: IANS
2025-05-05 09:55:37 am
Warren Buffett’s wisdom has inspired countless people, myself included: Tim Cook In a heartfelt tribute to one of the most influential figures in business, Apple CEO Tim Cook on Sunday shared his admiration for Warren Buffett, the legendary investor who built Berkshire Hathaway Inc. into a $1.16 trillion empire.  Cook took to social media platform X to express how Buffett’s wisdom has inspired countless individuals, including himself, calling it a great privilege to have known him personally. "There’s never been someone like Warren, and countle...
Warren Buffett’s wisdom has inspired countless people, myself included: Tim Cook
Warren Buffett’s wisdom has inspired countless people, myself included: Tim Cook
Source: IANS
2025-05-04 06:17:50 pm
Piyush Goyal commends India-UK sustainability initiatives during London visit Union Minister of Commerce and Industry Piyush Goyal, who is currently in London for ongoing India-UK Free Trade Agreement (FTA) talks, visited the International Centre for Sustainability and praised its efforts to promote India’s sustainability initiatives and strengthen bilateral ties.  Taking to the social media platform X, Goyal shared his appreciation after meeting Sachin Nandha, the founding trustee of the Centre. The Minister expressed his delight in learning about the...
Piyush Goyal commends India-UK sustainability initiatives during London visit
Piyush Goyal commends India-UK sustainability initiatives during London visit
Source: IANS
2025-05-04 02:23:56 pm
Mexico welcomes US decision to waive tariffs on auto parts under USMCA Mexico has welcomed a US decision to exempt Mexican auto parts from tariffs under the United States-Mexico-Canada Agreement (USMCA), calling it a major breakthrough for the country's manufacturing sector. Secretary of Economy Marcelo Ebrard said on Friday that the exemption was confirmed in new US customs guidance published on Thursday, reaffirming that Mexican auto parts will be treated as if they originated in the US and will enter duty-free, Xinhua news agency reported. "Thi...
Mexico welcomes US decision to waive tariffs on auto parts under USMCA
Mexico welcomes US decision to waive tariffs on auto parts under USMCA
Source: IANS
2025-05-04 09:33:02 am
University of York Plans to Open First UK Campus in Mumbai; Signs MoU with Maharashtra Government Marking a bold new chapter in UK-India research opportunities, the University of York—one of the UK’s most prestigious research-intensive institutions and a member of the elite Russell Group—has announced plans to open a new campus in Mumbai. University of York Vice-Chancellor, Professor Charlie Jeffery, discussed the initiative with Hon’ble Prime Minister Narendra Modi during the ongoing World Audio Visual & Entertainment Summit (WAVES) in...
University of York Plans to Open First UK Campus in Mumbai; Signs MoU with Maharashtra Government
University of York Plans to Open First UK Campus in Mumbai; Signs MoU with Maharashtra Government
Source: PR Agency
2025-05-03 03:38:58 pm
Majority of iPhones sold in US in June quarter to come from India: Tim Cook India will be the country of origin for a majority of iPhones sold in the US in the June quarter, the company's CEO Tim Cook has said, as Apple rejigs its supply chain away from China.  In an analysts’ call after declaring bumper March quarter results, Cook said existing tariffs that apply to Apple today are based on the product’s country of origin. “For June, we do expect the majority of iPhones sold in the US will have India as their country of origin and Vi...
Majority of iPhones sold in US in June quarter to come from India: Tim Cook
Majority of iPhones sold in US in June quarter to come from India: Tim Cook
Source: IANS
2025-05-03 10:22:38 am
Seismic shift in US trade policy will slow world economic growth: S&P Global The seismic shift in the US trade policy will slow world economic growth, with all regions being affected negatively, according to an S&P Global report released on Friday.  While India and Japan are expected to slow down by 0.2 to 0.4 percentage points in 2025-26, China is expected to take a 0.7 percentage points hit to its GDP growth. In emerging markets (EM), more open Asia-Pacific economies, such as Malaysia, Vietnam, Thailand and Singapore, see the biggest decline in GDP gr...
Seismic shift in US trade policy will slow world economic growth: S&P Global
Seismic shift in US trade policy will slow world economic growth: S&P Global
Source: IANS
2025-05-03 09:53:01 am
Sales of Hyundai, Kia vehicles rise 16 pc in US in April Hyundai Motor and its affiliate Kia said on Friday their combined vehicle sales in the United States surged 16 per cent in April from a year earlier, driven by strong demand for sport utility vehicles (SUVs).  Hyundai and Kia sold a total of 162,615 vehicles in the U.S. last month, up from 139,865 units a year ago, according to the companies' sales data. Hyundai's vehicle sales jumped 19 percent to 81,503 units from 74,111 over the cited period, while those of Kia advanced ...
Sales of Hyundai, Kia vehicles rise 16 pc in US in April
Sales of Hyundai, Kia vehicles rise 16 pc in US in April
Source: IANS
2025-05-03 08:50:36 am
Meta fined for alleged lack of consumer protection measures in South Korea South Korea's antitrust regulator said on Friday it has decided to fine Meta Platforms, the operator of Facebook and Instagram, on charges of violating the country's law on consumer protection.  Meta Platforms was slapped with a 6 million-won ($4,176) fine and ordered to take necessary measures to align with the Act on the Consumer Protection in Electronic Commerce, according to the Fair Trade Commission (FTC). The FTC said the U.S.-based company failed to fulfill consumer ...
Meta fined for alleged lack of consumer protection measures in South Korea
Meta fined for alleged lack of consumer protection measures in South Korea
Source: IANS
2025-05-02 02:30:29 pm
Apple clocks quarterly record in India, new retail stores coming this year: Tim Cook Apple has set quarterly growth record (January-March period) in several countries and regions across the world, including India, where the company has doubled down on local manufacturing amid rising exports.  According to Apple CEO Tim Cook, “in retail, in addition to the two stores we opened during the quarter, we’re also looking forward to a new retail store in the UAE, the arrival of the online store in Saudi Arabia, and new retail stores in India starting later this ye...
Apple clocks quarterly record in India, new retail stores coming this year: Tim Cook
Apple clocks quarterly record in India, new retail stores coming this year: Tim Cook
Source: IANS
2025-05-02 02:22:27 pm
Mexico, US to work to improve trade balance: Sheinbaum Mexican President Claudia Sheinbaum has said she had a "very positive" telephone call with her US counterpart Donald Trump, during which they agreed to continue working together to improve the trade balance and address pending issues.   Sheinbaum described her sixth and most recent call with Trump as "positive," noting on X that both administrations are working to improve trade conditions of their nations. "I had a very positive conversation with President...
Mexico, US to work to improve trade balance: Sheinbaum
Mexico, US to work to improve trade balance: Sheinbaum
Source: IANS
2025-05-02 02:03:43 pm
Asian stocks rise on signs of easing Sino-US trade tensions  Asian stock markets and U.S. futures rose on Friday as signs of possible trade talks between the U.S. and China lifted risk sentiment after lacklustre earnings from tech bellwethers Apple and Amazon fuelled worries about the impact of tariffs. China's commerce ministry said on Friday the United States has repeatedly expressed its willingness to negotiate on tariffs and that Beijing's door is open for talks. The comments helped U.S. stock futures reverse course from earlier...
Asian stocks rise on signs of easing Sino-US trade tensions
Asian stocks rise on signs of easing Sino-US trade tensions
Source: Reuters
2025-05-02 10:04:06 am