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Govt denies report of new $2-billion India-Russia nuclear submarine lease
The deal comes after nearly 10 years of negotiations and ahead of Russian President Vladimir Putin's two-day visit to New Delhi
India's economic growth, financial markets muddied by US trade deal woes
President Donald Trump's punitive 50 per cent tariffs, the highest among most major economies, have weighed on sentiment as exporters see orders from the US dry up
Updated On: Nov 28 2025 | 11:56 AM ISTIndia tops Russian oil imports via 30 false-flagged tankers: Think tank
European think tank CREA has claimed that these shipments made India the largest national destination for crude moved by Russia's growing 'shadow fleet'
Updated On: Nov 27 2025 | 4:59 PM ISTLatest Updates on Trump tariffs
Black Friday may no longer be the retail bacchanalia of years past, when the promise of one-time bargains caused people to leave Thanksgiving tables for malls where some customers got into fistfights over toys or TVs. But the event still has enough enthusiasts to make it the biggest shopping day in the US. For that reason, the day retains its crown as the official start of the holiday shopping season. This year's kickoff comes as companies navigate an uncertain economic environment and wrestle with the volatility of President Donald Trump's wide-ranging tariffs on imported goods. Many have absorbed some of the costs and pulled back on hiring instead of raising prices for customers. Consumer confidence in the US economy fell this month to the lowest since April when Trump announced his tariffs in the aftermath of the government shutdown, weak hiring and stubborn inflation, according to a report The Conference Board issued Tuesday. Shoppers nonetheless have remained resilient and ..
Japan's global exports gained 3.7 per cent in October from a year ago, while imports from the world edged up 0.6 per cent, according to government data released Friday. Exports to the US dipped 3.1 per cent, marking the seventh straight month of on-year declines, Finance Ministry data showed. Worries remain about the possible negative impact from US tariffs. President Donald Trump announced a trade framework with Japan in July, placing a 15 per cent tax on goods imported from that nation. That's lower than the 25 per cent rate Trump initially said would kick in starting in August. Previously, tariffs on most goods stood at 2.5 per cent. Soybean imports from around the world surged 37.3 per cent from a year ago, while those in iron and steel products dipped 17.1 per cent. Imports from the US jumped 20.9 per cent in October from the previous year, especially food imports, such as cereal, as well as petroleum. Exports to the US dropped in computer parts and other machinery, as well
President Donald Trump has further loosened tariffs on Brazil as part of his effort to lower consumer costs for Americans. The decision, released Thursday, affects coffee, fruit and beef, among other goods. The White House said last week that Trump was rolling back some worldwide tariffs that were originally announced in April. However, Brazil said that didn't affect levies that Trump had enacted in July to punish the country for prosecuting his political ally, former President Jair Bolsonaro. Thursday's decision harmonises Trump's plans, ensuring that neither the April nor July tariffs apply to certain products. Trump and Brazilian President Luiz Inacio Lula da Silva have been negotiating over trade, which could further reduce tariffs.
US President Donald Trump has said he settled tension between India and Pakistan after threatening the two countries with 350 per cent tariffs and claimed that Prime Minister Narendra Modi had called him to say we're not going to go to war. Trump has repeated the claim over 60 times that he helped settle tension between India and Pakistan in May this year even as India has consistently denied any third-party intervention. I'm good at settling disputes, and I've always been. I've done very well with that over the years, even before this. I was talking about the different wars India, Pakistan... they were going to go at it, nuclear weapons, Trump said on Wednesday. Speaking at the US-Saudi Investment Forum attended by visiting Crown Prince of Saudi Arabia Mohammed bin Salman, Trump said that he told the two nuclear-armed neighbours that they can go at it, but I'm putting a 350 per cent tariff on each country. No more trade with the United States. Claiming that both India and Pakistan
Japan's economy sank at an annualised rate of 1.8 per cent in the July-September period, government data showed on Monday, as President Donald Trump's tariffs sent the nation's exports spiralling. On a quarter-by-quarter basis, Japan's gross domestic product, or GDP, or the sum value of a nation's goods and services, slipped 0.4 per cent, in the first contraction in six quarters, the Cabinet Office said. The annualised rate shows what the economy would have done if the same rate were to continue for a year. The fall was still smaller than the 0.6 per cent drop the market had expected. A big decline during the quarter came in exports, which were 1.2 per cent down from the previous quarter. Some businesses had sped up exports, when they could, to beat the tariffs kicking in, inflating some of the earlier data for exports. On an annualised basis, exports dropped 4.5 per cent in the three months through September. Imports for the third quarter slipped 0.1 per cent. Private consumptio
President Donald Trump signed an executive order Friday to get rid of tariffs on a broad swath of commodities, including beef, coffee and tropical fruits. It's part of a response to pressure from consumers who complain prices are too high. The move comes after voters in off-year elections earlier this month cited economic concerns as their top issue, resulting in big wins for Democrats in races in Virginia and New Jersey.