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Govt tightens steel procurement rules to favour domestic manufacturing

The new rules under the "Domestically Manufactured Iron And Steel Products Policy 2025" mandates all agencies under government to prioritise locally manufactured iron and steel products

Oil prices plunge 6% after Trump tariffs, OPEC+ speeds up output hikes

Trump on Wednesday unveiled a 10% minimum tariff on most goods imported to the United States, the world's biggest oil consumer, with much higher duties on products from dozens of countries

Auto tariff to cost US consumers more than $30 bn in first year: Report

Consultancy firm Anderson Economic Group said in a report on Thursday that 25 per cent tariff on auto imports may cost American consumers more than $30 billion in higher vehicle prices and reduced car

Global leaders vow countermeasures as Trump imposes 'reciprocal tariffs'

Goods from Canada and Mexico are not currently subject to reciprocal tariffs because Trump's prior 25 per cent fentanyl-related duties remain in place on their goods

China urges US to immediately lift tariffs, vows retaliation amid trade war

Trump on Wednesday announced China would be hit with a 34 per cent tariff, on top of the 20 per cent he previously imposed earlier this year, bringing the total new levies to 54 per cent

Trump's auto tariffs to cover billions of dollars in vehicle, parts imports

The update of Trump's auto tariff proclamation from last week included nearly 150 auto parts categories that will face tariffs starting on May 3

Tesla sales plunge 13% to nearly three-year low amid growing challenges

The stumbling sales during the first quarter indicate that the one-time leading brand is reeling from the fallout of the company delaying launches for years, and Musk's foray into politics

US businesses get ready for more pain as Trump rolls out reciprocal tariffs

The US will now impose a 10 per cent baseline tariff on all imports to the country effective April 5 and higher duties on several of its biggest trading partners

Ford to offer broad discounts, capitalising on tariff-driven sales boost

Ford will offer its employee pricing - a discounted rate available to Ford workers - to all customers

Stocks plunge as Trump imposes reciprocal tariffs, shaking global markets

The high-flying tech sector was pummelled as manufacturing hubs in China and Taiwan faced new tariffs above 30 per cent, bringing the total new levy to an eye-watering 54 per cent on imports

Safe-haven gold hits record high as Trump announces sweeping tariffs

All eyes are on the US non-farm payrolls report, due Friday, for further clues on the Federal Reserve's monetary policy path

Govt backs EV tariff cuts for Trump trade deal, defying autos lobby: Report

The automakers are lobbying Prime Minister Narendra Modi's government to delay any cut in EV tariffs until 2029, and then phase in a reduction to 30 per cent from as high as roughly 100 per cent

Aviation industry falling behind on net zero target, warns IATA chief

Walsh criticised fuel companies as the "cause of the problem", saying they had ignored their own SAF supply promises

Russia, Ukraine accuse each other of violating terms of energy truce

Zelenskiy said on Tuesday that Russia was breaking the energy truce and called on the US to boost sanctions against Moscow, as Trump has threatened to do

Tesla first-quarter sales fall 13% amid backlash against Musk, weak demand

Last year, Musk forecast 20 per cent to 30 per cent sales growth in 2025, promising to launch an affordable vehicle in the first half of the year

Trump posts 'Liberation Day' hours before US rolls out reciprocal tariffs

The new duties are due to take effect immediately after Trump announces them, while a separate 25 per cent global tariff on auto imports will take effect on April 3

Putin's investment envoy Dmitriev may visit Washington for talks with US

Kremlin spokesman Dmitry Peskov, when asked by reporters if Dmitriev would be visiting Washington for talks with Trump administration officials

Wall Street set for weaker open as investors await Trump's tariffs plans

Details of Trump's "Liberation Day" tariff plans were still being formulated and closely held ahead of a White House Rose Garden announcement ceremony scheduled for 4 pm ET (2000 GMT)

Dollar dips due to market uncertainty as Trump's tariff announcement nears

Details about the size and scope of the trade barriers set to come into force remain unknown, but the Washington Post reported that Trump's aides were considering a plan that would raise duties

Israel announces plan to seize parts of Gaza as military operation expands

In a statement, Defence Minister Israel Katz said evacuations would take place from areas where there was fighting, while urging Gazans to eliminate Hamas and return Israeli hostages