World News

Trump raises global tariff to 15% from 10% day after US court's big ruling

He said the administration would determine and announce revised tariff levels for different countries in the coming months within the limits permitted under law

US envoy's 'Israel take it all' remark sparks backlash in West Asia

Since its establishment in 1948, Israel has not had fully recognised borders. Its frontiers with Arab neighbours have shifted as a result of wars, annexations, ceasefires and peace agreements

US military airlifts microreactor as Trump pushes nuclear expansion

Skeptics warn that nuclear energy poses risks and say microreactors may not be safe or feasible and have not proved they can meet demand for a reasonable price

Indian film nominees in spotlight ahead of BAFTA Awards in London

An Indian American director Geeta Gandbhir is shortlisted for a Best Documentary BAFTA for her film "The Perfect Neighbour", also nominated for Best Documentary Feature at the Oscars next month

With tariffs ruling, US Supreme Court reasserts its power to check Trump

Shane noted that the tariffs case did not require the court to wade into the wisdom of Trump's policy or the soundness of his discretion - and may not undermine Trump's power going forward

Govt studying implications of US Court tariff ruling; Trump remarks

The US Supreme Court ruled that Trump exceeded his authority by imposing tariffs under the International Emergency Economic Powers Act (IEEPA), a 1977 law intended for national emergencies

Explained: What Trump's 10% global import tariff reset means for India

From 50% duties to a temporary 10% levy, US tariff rules on Indian goods have shifted, lowering costs for now while leaving sectoral duties and trade deal negotiations largely unchanged

Asian economies assess impact of fresh Trump tariff moves, confusion

The court struck down several Trump-era tariffs on Asian export giants, China, South Korea, Japan, and Taiwan, key players in tech supply chains and the global chip market

Sri Lanka's new law scrapping pensions for parliamentarians takes effect

The main aim of the bill was to repeal the Parliamentary Pensions Law No 1 of 1977 which had established a non-contributory life time pension to persons who have ceased to be members of parliament

Murky outlook for business amid Trump's new moves against SC tariff verdict

Trump admin says its tariffs help boost American manufacturers and reduce trade gap, but many US businesses have had to raise prices and adjust in other ways to offset higher costs spurred by tariffs

Russia's FSB says Ukraine can access front-line data via Telegram

Russia's communications watchdog limited access to Telegram - a popular messaging app owned by Russian-born billionaire Pavel Durov - over a week ago for failing to comply with Russian laws

Iran prepares nuclear counterproposal as Trump weighs military strikes

Iranian FM did not give specific timing for when Iran would deliver its counterproposal to Witkoff and Kushner but said a diplomatic deal could be achieved 'in a very short period of time'

Israeli strikes in Lebanon kill at least 12, intensifying regional tensions

Death toll from Friday's strikes was unusually high and comes at a moment of intensified tensions in the region as United States has threatened to strike Iran- a backer of both Hezbollah and Hamas

For Europe Inc, US tariff relief brings unexpected trade uncertainty

Many firms cautioned that Trump could pursue other avenues to impose similar tariffs, reducing the benefit of lower levies, while tariff refunds are likely to be difficult to obtain

OpenAI expects $600 bn in compute spending through 2030 ahead of IPO

The development comes as Nvidia nears finalising a $30 billion investment in OpenAI as part of a fundraising round in which the AI startup is seeking more than $100 billion

US military strikes another alleged drug boat in eastern Pacific, killing 3

Friday's attack raises the death toll from the Trump administration's strikes on alleged drug boats to at least 148 people in at least 43 attacks carried out since early September

US SC tariff verdict clouds Fed's rate path after a year of upheaval

Markets fluctuated on Friday between bets that the Fed would cut rates in June or wait until July, reflecting the complications introduced by the Supreme Court ruling

Who is Neal Katyal, the Indian-origin lawyer behind Trump tariffs verdict

The US Supreme Court's 6-3 decision striking down Donald Trump's reciprocal tariffs has put Indian-origin lawyer Neal Katyal in focus, after he successfully argued that only Congress can impose tariff

USTR plans new Section 301 probes covering major trading partners

Trump administration has cautioned foreign trading partners and the business community for months that it would use alternative tools to address its trade concerns if IEEPA tariffs were struck down

Mexico, Canada secure exemption from 10% US levy, but USMCA risks remain

Mexican and Canadian officials know that even if using IEEPA is out, the Trump administration is ready to employ other tactics to gain an edge over them