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US Immigration curbs to hit economy hard in 2025, finds Fed study

Immigration at the US-Mexico border dropped sharply last year and continued to decline after President Donald Trump's election

Jane Street shows dangers of treating finance as 'shampoo sachet'

Sebi's trading ban on Jane Street and freezing ₹4,840 crore ($570M) profits sends shockwaves through global finance and algorithmic trading markets

Asia remains in Trump's tariff sights as deadline moves to August 1

The extension leaves Asia's economies squarely in the US administration's tariff sights while giving officials a little over three additional weeks to negotiate lower rates

Samsung's profit halves, falls 1st time since 2023 on chip business crisis

The disappointing results underscore how South Korea's largest company has ceded leadership in the AI market to SK Hynix Inc. in the post-ChatGPT infrastructure boom

NSE GIFT City exchange plans first equity listing in foreign currency

The NSE IX exchange, situated in the financial hub of Gujarat International Finance Tec-City, or GIFT City, is initially targeting unlisted companies for the debut

US airport security may soon drop shoe removal rule for all travellers

TSA's reversal would end a policy that has been for nearly two decades one of the most visible - and criticized - features of the post-9/11 heightened US airport security system

Apple's top AI models executive leaves to join Meta's AI expansion drive

Apple's overall AI strategy is now run primarily by Craig Federighi, Apple's head of software engineering, and Mike Rockwell, who helped create Apple Vision Pro headset, now leads engineering for Siri

Iran's Prez Pezeshkian says he's open to talks with US despite strikes

Pezeshkian claimed the Trump administration authorised Israeli attacks on Iran that began on June 13

Xiaomi succeeds where Apple failed as its new EV surpasses 289K orders

Xiaomi has set a delivery target of 350,000 units in 2025, up from its previous goal of 300,000, buoyed by demand for the newly launched YU7 and a ramp up in production

Sebi cracks down on Jane Street, halts India trading over manipulation

Sebi imposed a temporary trading ban on the US-based firm and ordered the seizure of Rs 4,840 crore, citing 'an intentional, well-planned and sinister scheme'

Mukesh Ambani bets big on US ethane amid shifting global trade dynamics

Mukesh Ambani's Reliance ramps up US ethane imports as India shifts from naphtha-based production, reshaping petrochemical supply chains amid evolving global trade and energy dynamics

Trump's tariff deadline arrives, set to bring clarity to global trade ties

Heading into the final days before the July 9 deadline, negotiators are scrambling to come up with trade pacts

Hamas agrees to 'immediately' enter talks on 60-day Gaza ceasefire plan

A deal on the framework would see Hamas return half of the 50 hostages it still holds and pursue mediated talks with Israel to end the war

Airbus signs $20 bn Malaysia jet deals during PM Anwar's Europe trip

The buying spree, particularly for commercial jets, comes as both Airbus and its American rival Boeing Co benefit from trade visits and bilateral tariff negotiations

Brics set to condemn Trump's 'coercive' tariffs, Mideast, climate issues

Brics leaders are discussing a call for full Israeli withdrawal from Gaza and voicing opposition to any forced displacement of Palestinians from their territory

OPEC+ may boost oil production faster than expected, weighs August hike

Since April, OPEC and its partners have pivoted from years of output restraint to reopening the taps, surprising crude traders and raising questions about the group's long-term strategy

Trump signs his 'big, beautiful' tax bill at White House ceremony

The legislative milestone reinforces Trump's grip on the Republican Party, whose Capitol Hill leaders muscled the bill through the House and Senate this week

Indian insurers urge IRDAI to revamp bond valuation to boost debt market

Insurance companies are seeking a shift to a method that values bonds individually, for example differentiating between debt issued by state-run firms and private companies

Early monsoon rains boost hopes of record grain harvest in India

With rains arriving ahead of schedule in many regions, farmers have been able to begin sowing earlier than usual, Farm Secretary Devesh Chaturvedi said

China plans cash subsidies for families to boost birthrate, growth

The government is set to provide 3,600 yuan ($503) a year for each child, born on or after Jan. 1 this year, until they turn three under a nationwide initiative