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Trump tariff carnage drags Nasdaq near bear territory; Dow falls 4.4%

Second day of market chaos since Trump tariff announcement; Nasdaq drops 20% from all-time closing highs

Meta's content moderation contractor to cut 2,000 jobs in Barcelona

A Meta spokesperson said the company has moved the services that were being performed from Barcelona to other locations and the company is not reducing its content review efforts

Larger tariffs may fuel inflation, dampen growth: Fed's Jerome Powell

Powell said it was not the Fed's role to comment on the Trump administration's policies but rather to react to how they might affect an economy that he and his colleagues made comment about

US job growth beats expectations in March amid Trump's tariff concerns

The labor market is being underpinned by low layoffs, generating solid wage gains that are helping to sustain the economic expansion

S&P to review all global forecasts in wake of Trump's tariff shock

The impact on US GDP will depend on the level of retaliation from its trading partners and how the tariff revenues get used, especially if they fund tax cuts, S&P said

Oil prices see drop 8% amid China retaliating with tariffs on US goods

Brent futures dived by $5.30, or 7.6 per cent, to $64.84 a barrel by 1254 GMT. US West Texas Intermediate crude futures lost $5.47, or 8.2 per cent, to $61.48

Indian IT companies brace for impact as tariffs fan US recession fears

The tariffs come at a time the sector was counting on Trump to revive client confidence and discretionary spending after years of weak revenue growth

WEF founder Klaus Schwab to step down as chair of board of trustees

He did not give a timeline for his departure from the organisation, but the WEF said in a statement to the FT that the process should be completed by January 2027

How IndusInd Bank's profit push and lax controls drove it into crisis

IndusInd disclosed in March accounting discrepancies in its derivatives portfolio whose impact roughly equated to an entire quarter's profits

Gold snaps five-day winning streak, plunges Rs 1,350 to Rs 93,000 per 10g

China's finance ministry announced that it will impose additional tariffs of 34 per cent on all US goods starting from April 10, in response to reciprocal tariffs unveiled by Trump this week

Indian delegation to visit Chile, seek stake in SQM's lithium projects

Government-backed Khanij Bidesh India Ltd (KABIL), Coal India, Oil India, and ONGC Videsh are in talks with SQM for stakes of 20 per cent in its Mount Holland and Andover projects in Australia

NaBFID to raise ₹8,000 cr via bonds, includes first 5-yr paper: Bankers

It also aims to raise at least ₹2,000 crore through 10-year papers, with a greenshoe option of ₹3,000 crore, the bankers added

BP Chair Helge Lund to step down by 2026 as search for successor begins

Lund had backed BP's 2020 strategy under former CEO Bernard Looney to move away from oil and gas, including an ambition to cut its hydrocarbon output by 40 per cent this decade

US tariffs risk slowing global growth significantly: ADB chief economist

US tariffs impose substantial levies on trading partners, including Southeast Asian nations, with Vietnam, Laos and Cambodia facing some of the highest rates

London's Canary Wharf office vacancies hit record high amid tenant exodus

London's Canary Wharf struggles to recover from pandemic-era demand slump, even as central city areas and global hubs like New York and Paris show signs of commercial property rebound

India's March services growth moderated, inflation eased sharply: PMI data

The HSBC final India Services Purchasing Managers' Index, compiled by S&P Global, fell to 58.5 last month from 59.0 in February, but was higher than a preliminary estimate

Banks propose RBI switch to overnight liquidity management, new benchmark

The 14-day variable rate repo, or reverse repo, has been the RBI's main cash management tool since a change in 2020 that was intended to reduce lenders' reliance on the central bank

RBI to cut rates three more times this year on tariff threat, says Citi

India's economy is forecast to grow by 6.7 per cent in the current financial year, according to the central bank's estimate released in February

Trump tariffs provoke world condemnation, fears of a $2,300 iPhone

The penalties announced by Trump on Wednesday triggered a plunge in world financial markets and drew condemnation from other leaders

US is committed to Nato, but Europe must spend more on defence: Rubio

According to NATO estimates, some of the continent's big economies, such as Italy and Spain, are among those below the current 2 per cent target, at around 1.5 per cent and 1.3 per cent respectively