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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
JG Chemicals surges as its arm purchases land at APIIC Industrial Park in Andhra Pradesh JG Chemicals is currently trading at Rs. 315.80, up by 5.50 points or 1.77% from its previous closing of Rs. 310.30 on the BSE. The scrip opened at Rs. 306.70 and has touched a high and low of Rs. 316.00 and Rs. 305.40 respectively. So far 8704 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 484.00 on 27-Nov-2024 and a 52 week low of Rs. 200.10 on 04-Jun-2024. Last one week high and low of the scrip stood at Rs...
JG Chemicals surges as its arm purchases land at APIIC Industrial Park in Andhra Pradesh
JG Chemicals surges as its arm purchases land at APIIC Industrial Park in Andhra Pradesh
Source: Accord Fintech
2025-05-07 12:57:20 pm
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
4 UAE-based companies with India trade links sanctioned by US for trading Iran petroleum products  In a crackdown on Iranian exports, the US has sanctioned four United Arab Emirates-based companies that have trade links with Indian companies for allegedly trading in Iranian petroleum products.   "So long as Iran attempts to generate oil and petrochemical revenues to fund its destabilising activities and support its terrorist activities and proxies, the United States will take steps to hold both Iran and all its partners engaged in sanctions evasion accountable," US Secret...
4 UAE-based companies with India trade links sanctioned by US for trading Iran petroleum products 
4 UAE-based companies with India trade links sanctioned by US for trading Iran petroleum products 
Source: IANS
2025-05-01 02:03:42 pm
HD Hyundai, Hanwha pledge deeper ties with US in naval shipbuilding HD Hyundai Heavy Industries Co. and Hanwha Ocean Co., South Korea's leading shipbuilders, have pledged to strengthen cooperation with the United States in naval shipbuilding and maintenance during a visit by a top U.S. Navy official this week, according to the companies on Thursday.  U.S. Secretary of the Navy John Phelan on Wednesday visited the headquarters of HD Hyundai Heavy in Ulsan, some 300 kilometers southeast of Seoul, followed by a trip to a shipyard of Hanwha Ocean in G...
HD Hyundai, Hanwha pledge deeper ties with US in naval shipbuilding
HD Hyundai, Hanwha pledge deeper ties with US in naval shipbuilding
Source: IANS
2025-05-01 12:37:28 pm
South Korea`s exports rise 3.7 pc in April South Korea's exports gained 3.7 percent from a year earlier in April, marking a third consecutive month of increase, while outbound shipments to the United States dropped sharply on the Donald Trump administration's hefty tariffs, data showed on Thursday.  Outbound shipments came to US$58.2 billion last month, the highest-ever for an April, according to data compiled by the Ministry of Trade, Industry and Energy. Imports dropped 2.7 percent on-year to $53.3 billion, result...
South Korea`s exports rise 3.7 pc in April
South Korea`s exports rise 3.7 pc in April
Source: IANS
2025-05-01 12:34:21 pm
South Korea wins $18.2 bn deal to build nuclear reactors in Czech power plant South Korea has won a multibillion-dollar project to build two nuclear reactors in the Czech Republic, its first overseas nuclear power plant project in 16 years, according to a news report and officials.  A South Korean consortium, led by Korea Hydro & Nuclear Power Co. (KHNP), will sign a final agreement on the project with the Czech Republic's Elektrarna Dukovany II (EDU II) next Wednesday, Reuters reported, citing the Czech government, reports Yonhap news agency. Th...
South Korea wins $18.2 bn deal to build nuclear reactors in Czech power plant
South Korea wins $18.2 bn deal to build nuclear reactors in Czech power plant
Source: IANS
2025-05-01 12:23:40 pm
Deal with India close but not there yet: Top US trade official India and the US are close to a trade deal but they are not there yet, the top US trade negotiator said on Wednesday.   US media and policy circles have been agog with talk of a US-India trade deal as the first to be announced in the rush for agreements to beat President Donald Trump's 90-day pause in the implementation of his sweeping levies on nearly all of America's trading partner countries. "I wouldn't say finish line (but) close," Jamieson Greer, the US...
Deal with India close but not there yet: Top US trade official
Deal with India close but not there yet: Top US trade official
Source: IANS
2025-05-01 12:12:58 pm
Goyal holds talks in Oslo to strengthen India-Norway trade & investment ties Commerce and Industry Minister Piyush Goyal held separate meetings here, on Wednesday, with Norway’s Minister of Foreign Affairs Espen Barth Eide and the Scandinavian country’s Minister of Trade and Industry Cecilie Myrseth to discuss the implementation of the India-EFTA Trade and Economic Partnership Agreement and strengthen bilateral ties between the two countries.  "In my first engagement after arriving in Oslo, held a bilateral meeting with Espen Barth Eide, the N...
Goyal holds talks in Oslo to strengthen India-Norway trade & investment ties
Goyal holds talks in Oslo to strengthen India-Norway trade & investment ties
Source: IANS
2025-05-01 11:10:31 am
US Navy secretary visits HD Hyundai Heavy, Hanwha Ocean to explore shipbuilding US Secretary of the Navy, John Phelan, visited South Korea's leading shipbuilders, HD Hyundai Heavy Industries and Hanwha Ocean on Wednesday, as Washington seeks to strengthen bilateral cooperation in the sector under President Donald Trump.  Phelan, on a two-nation Asia trip also involving Japan, visited HD Hyundai Heavy's headquarters in Ulsan, some 300 kilometers southeast of Seoul, and toured a yard where next-generation Aegis destroyers are being built. He then held ta...
US Navy secretary visits HD Hyundai Heavy, Hanwha Ocean to explore shipbuilding
US Navy secretary visits HD Hyundai Heavy, Hanwha Ocean to explore shipbuilding
Source: IANS
2025-05-01 09:59:35 am
Adani pauses talks with Israel's Tower for $10 billion India chip foray, sources say -Indian billionaire Gautam Adani's group has paused discussions with Israel's Tower Semiconductor for a $10 billion chip project as it did not make strategic and commercial sense for the group, two people familiar with the matter told Reuters. India's western Maharashtra state in September announced approval for Adani and Tower to set up a facility which would produce 80,000 wafers per month and create 5,000 jobs, helping Prime Minister Narendra Modi's ambition of making In...
Adani pauses talks with Israel's Tower for $10 billion India chip foray, sources say
Adani pauses talks with Israel's Tower for $10 billion India chip foray, sources say
Source: Reuters
2025-05-01 09:19:01 am
Piyush Goyal highlights investment opportunities at India-UK business roundtable Union Commerce and Industry Minister Piyush Goyal on Tuesday highlighted opportunities for further investments to strengthen India-UK bilateral economic ties at a roundtable of businessmen and CEOs of the two countries.  "Addressed the India-UK Business Roundtable, bringing together prominent business leaders and CEOs from both countries. Highlighted opportunities to strengthen economic ties, drive innovation-led growth, and expand investment avenues between India and the UK,&quo...
Piyush Goyal highlights investment opportunities at India-UK business roundtable
Piyush Goyal highlights investment opportunities at India-UK business roundtable
Source: IANS
2025-04-30 12:26:22 pm
Seoul, Washington to launch working groups on trade consultations this week South Korea and the United States plan to complete forming working groups this week for technical negotiations on various trade issues, including tariff measures and investment cooperation, a senior South Korean official said on Monday.  Seoul, Washington to launch working groups on trade consultations this week
Seoul, Washington to launch working groups on trade consultations this week
Seoul, Washington to launch working groups on trade consultations this week
Source: IANS
2025-04-29 11:08:05 am
Stocks drift, dollar slips on US-China standoff  Stocks ticked sideways on Tuesday while the dollar headed towards its largest monthly fall for years as investors braced for the trade war to be felt in earnings and economic data. U.S. President Donald Trump's tariffs have rattled faith in U.S. assets and even though numerous backdowns have helped the S&P 500 recover much of its early April losses, the dollar has managed only to steady, without a big rebound. It slipped overnight when U.S. Treasury Secretary Scott Bessent...
Stocks drift, dollar slips on US-China standoff
Stocks drift, dollar slips on US-China standoff
Source: Reuters
2025-04-29 09:10:29 am
Hanwha Aerospace eyes US Air Force repair hub role Hanwha Aerospace is seeking to join a US Department of Defence initiative to establish a network of military repair hubs in the Indo-Pacific, a move that could significantly enhance the combat readiness of U.S. Forces Korea (USFK) and strengthen South Korea's strategic role in allied security efforts, company officials said.  The initiative, known as the Regional Sustainment Framework (RSF), was announcement by the Pentagon in May last year to regionalise military logistics by shi...
Hanwha Aerospace eyes US Air Force repair hub role
Hanwha Aerospace eyes US Air Force repair hub role
Source: IANS
2025-04-27 11:37:53 am
Hanwha Aerospace eyes US Air Force repair hub role Hanwha Aerospace is seeking to join a US Department of Defence initiative to establish a network of military repair hubs in the Indo-Pacific, a move that could significantly enhance the combat readiness of U.S. Forces Korea (USFK) and strengthen South Korea's strategic role in allied security efforts, company officials said.  The initiative, known as the Regional Sustainment Framework (RSF), was announcement by the Pentagon in May last year to regionalise military logistics by shi...
Hanwha Aerospace eyes US Air Force repair hub role
Hanwha Aerospace eyes US Air Force repair hub role
Source: IANS
2025-04-27 10:29:13 am
Musk`s Starlink service set to launch in South Korea this year US space firm SpaceX's Starlink satellite internet service is expected to be available in South Korea this year, following a recent revision to the Radio Waves Act, the science ministry said on Sunday.  Starlink Korea LLC applied for approval of a cross-border supply agreement from the Ministry of Science and ICT in May 2023 to provide its low Earth orbit (LEO) satellite internet service. According to the ministry, the government amended related regulations this month concernin...
Musk`s Starlink service set to launch in South Korea this year
Musk`s Starlink service set to launch in South Korea this year
Source: IANS
2025-04-27 10:18:31 am
South Korea, US to begin working-level talks on tariffs next week South Korea and the United States will start working-level discussions next week to advance their agreement on trade tariffs and other areas of cooperation, Industry Minister Ahn Duk-geun said on Saturday.  Ahn made the remark as he returned from Washington, where he and Finance Minister Choi Sang-mok had the "two-plus-two" consultations on tariffs with Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer. The two sides agreed to craft a package d...
South Korea, US to begin working-level talks on tariffs next week
South Korea, US to begin working-level talks on tariffs next week
Source: IANS
2025-04-27 09:07:07 am
Bank of America strengthens global payments solutions team with key appointments in Hong Kong and Mexico Bank of America has announced two strategic leadership appointments within its Global Payments Solutions business, reinforcing its commitment to expanding capabilities across key international markets. Phil Carmalt will join the Hong Kong office, while Gabriel Andrade has taken up his role in the Mexico office, further strengthening the bank’s global client support in treasury and transaction services Phil Carmalt is to join the bank in late May as head of Asia Pacific Global Payment...
Bank of America strengthens global payments solutions team with key appointments in Hong Kong and Mexico
Bank of America strengthens global payments solutions team with key appointments in Hong Kong and Mexico
Source: PR Agency
2025-04-25 03:31:23 pm
The long-term success of UN Tourism is at stake - We must restore good governance and protect core values The election of the next Secretary General of UN Tourism marks a critical turning point for the future of global tourism.  There are only two different options:  One, is the path of stagnation: a push for an unprecedented third term, despite widespread criticism and growing concern within the global community. It’s a path that has disregarded core United Nations values—including the regional rotation of the role of Secretary-General of UN Tourism.  The othe...
The long-term success of UN Tourism is at stake - We must restore good governance and protect core values
The long-term success of UN Tourism is at stake - We must restore good governance and protect core values
Source: PR Agency
2025-04-24 05:17:54 pm
Stocks, dollar rebound in Asia as Trump steps back  Stock markets were enjoying a much-needed relief rally in Asia on Wednesday after President Donald Trump said he had no plans to fire the head of the Federal Reserve, and hinted at lower tariffs for China. The dollar jumped across the board after Trump walked back on threats to dismiss Fed Chair Jerome Powell, which had badly shaken investor confidence in U.S. assets. Trump also reiterated he wanted to do a deal with China where tariffs would not be anywhere near 145%, but added t...
Stocks, dollar rebound in Asia as Trump steps back
Stocks, dollar rebound in Asia as Trump steps back
Source: Reuters
2025-04-23 09:23:10 am
Stocks and dollar fall as Trump's Fed attacks jangle nerves Asian equities and U.S. stock futures slid on Monday as anxiety over tariffs and public criticism of the Federal Reserve by President Donald Trump hit sentiment, pushing the dollar down sharply and catapulting safe-haven gold to a record high. Trump launched a series of attacks against Fed Chair Jerome Powell on Thursday, with his team evaluating whether they could fire Powell, a move that has great consequence for the central bank's independence and for global markets. Most markets...
Stocks and dollar fall as Trump's Fed attacks jangle nerves
Stocks and dollar fall as Trump's Fed attacks jangle nerves
Source: Reuters
2025-04-21 09:52:29 am
South Korea, US to hold '2+2' trade consultation of finance, trade ministers South Korea and the United States will hold "two plus two" tariff negotiations in Washington this week, involving the countries' finance and trade ministers, the Seoul government said on Sunday.  From Seoul, Finance Minister Choi Sang-mok and Trade Minister Ahn Duk-geun will lead the negotiations, while U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer will be in charge of the U.S. side, according to the government. The government said...
South Korea, US to hold '2+2' trade consultation of finance, trade ministers
South Korea, US to hold '2+2' trade consultation of finance, trade ministers
Source: IANS
2025-04-20 11:45:20 am
4 major South Korean defence firms set to report robust results in Q1 South Korea's four major defence industry companies are estimated to report robust earnings results for the first three months of the year on increased orders, a survey showed on Sunday.  The four defence firms -- Korea Aerospace Industries Co. (KAI), Hanwha Aerospace Co., Hyundai Rotem Co. and LIG Nex1 Co. -- are expected to report a combined operating profit of 657 billion won (US$461 million) in the first quarter, compared with 197.1 billion won posted in the first quarter of l...
4 major South Korean defence firms set to report robust results in Q1
4 major South Korean defence firms set to report robust results in Q1
Source: IANS
2025-04-20 11:29:15 am
Robust India-Saudi Arabia Strategic Partnership set for major boost during PM Narendra Modi's Riyadh visit next week  India and Saudi Arabia are expected to further strengthen their multifaceted partnership during Prime Minister Narendra Modi's two-day visit to the Kingdom, next week.     ?The April 22-23 visit at the invitation of Saudi Crown Prince and Prime Minister Mohammed bin Salman will be PM Modi's third to the Kingdom after his previous visits in 2016 and 2019. It follows the State Visit of Prince Mohammed bin Salman to New Delhi in September 2023 to attend the G20 Summ...
Robust India-Saudi Arabia Strategic Partnership set for major boost during PM Narendra Modi's Riyadh visit next week
Robust India-Saudi Arabia Strategic Partnership set for major boost during PM Narendra Modi's Riyadh visit next week
Source: IANS
2025-04-19 04:49:26 pm
LG-led consortium to withdraw $7.7 bn battery supply chain project in Indonesia A South Korean consortium led by LG has decided to withdraw a project worth around 11 trillion won ($7.7 billion) to establish an electric vehicle (EV) battery supply chain in Indonesia, industry sources said on Friday.  The consortium, which includes LG Energy Solution, LG Chem, LX International Corp. and other partners, had been working with the Indonesian government and state-owned companies to build an "end-to-end value chain" for EV batteries, reports YOnhap news agency...
LG-led consortium to withdraw $7.7 bn battery supply chain project in Indonesia
LG-led consortium to withdraw $7.7 bn battery supply chain project in Indonesia
Source: IANS
2025-04-19 11:59:46 am
US cites national security to justify steel tariffs to counter India at WTO The US has informed the World Trade Organisation (WTO) that the Donald Trump administration’s decision to levy tariffs on steel and aluminium, was based on national security grounds and should not be considered as safeguard measures.  The US defence came in response to India filing a request with the WTO on April 11 for the holding of consultations with the US on the tariff hikes under the WTO's Safeguards Agreement. India has said that despite the US's characterisati...
US cites national security to justify steel tariffs to counter India at WTO
US cites national security to justify steel tariffs to counter India at WTO
Source: IANS
2025-04-18 04:47:13 pm
Seoul shares end nearly 1 pc higher on optimistic US-Japan tariff talks South Korean stocks rose nearly 1 percent on Thursday as investors became optimistic about the ongoing trade talks between the United States and Japan. The local currency rose to a more than four-month high against the US dollar.  The benchmark Korea Composite Stock Price Index (KOSPI) added 22.98 points, or 0.94 percent, to close at 2,470.41, rebounding from a 1.21 percent drop the previous day, reports Yonhap news agency. Trade volume was moderate at 589.6 million shares worth 6....
Seoul shares end nearly 1 pc higher on optimistic US-Japan tariff talks
Seoul shares end nearly 1 pc higher on optimistic US-Japan tariff talks
Source: IANS
2025-04-17 04:29:10 pm
BOK holds key rate steady amid weak won, Trump tariffs South Korea's central bank kept its benchmark interest rate unchanged on Thursday in a bid to support the wobbly currency and ensure financial stability, while adopting a cautious stance amid heightened uncertainty from the Donald Trump administration's sweeping tariff campaign.  In a widely expected decision, the monetary policy committee of the Bank of Korea (BOK) held its key rate unchanged at 2.75 percent during a rate-setting meeting in Seoul. The decision follows a qu...
BOK holds key rate steady amid weak won, Trump tariffs
BOK holds key rate steady amid weak won, Trump tariffs
Source: IANS
2025-04-17 11:30:08 am
LG CNS to build EV charging, smart city infrastructure in US  LG CNS, an information technology affiliate of South Korea's LG Electronics, said on Thursday it has signed agreements to develop electric vehicle (EV) charging infrastructure and smart city solutions in the United States.  Under a deal with the New York City Economic Development Corporation, LG CNS will install and operate EV charging stations at the Brooklyn Army Terminal (BAT), a former military supply base now being redeveloped into a modern commercial, manufacturing hub...
LG CNS to build EV charging, smart city infrastructure in US
LG CNS to build EV charging, smart city infrastructure in US
Source: IANS
2025-04-17 10:57:53 am