Page 360 - Donald Trump

RBI ready to weaken rupee in line with yuan after Donald Trump win

A depreciating yuan will lower the cost of Chinese goods, potentially leading to more imports and further widening India's biggest trade deficit

China's energy dominance gets boost from Trump's return to White House

China is responsible for nearly a third of the world's carbon footprint, about 2.5 times the US figure

Democrats need to focus on economic hardships: Indian American Congressman

Days after the defeat of Kamala Harris in the presidential elections, a top Indian American Congressman on Sunday said that the Democratic Party should focus only on addressing the economic hardships of the people. We need to have a vision on building new factories, on helping raise the minimum wage, on dealing with childcare, and emphasizing that our party has a better economic story," said Ro Khanna, who represents Silicon Valley in the US House of Representatives told CBS News in an interview. We did not have a compelling enough economic vision. The Democratic Party should have one simple mission, and that is to address the economic hardships and struggles of many Americans, not just working-class Americans, a large slice of Americans who feel the American Dream has slipped away for their families and their kids, Khanna said. "I think that could unify our party, moderates and progressives. It transcends race and will help us with Latino voters, Black voters, white working-class .

Trump, Musk weigh in on Senate Republican leader contest ahead of vote

Trump insisted the next Republican leader endorse letting him make recess appointments bypassing the Senate

Trump won't abandon Taiwan due to semiconductor prowess: Taiwan Deputy FM

According to Taiwan News, Taiwan would be open to buying more advanced weapons such as the F-35 fighter jet if the US made it available, Wu said

Here's why Donald Trump won't take world by surprise a second time

For many countries, however, the prospect of Trump's return is less disconcerting than one might imagine

Trump pressures candidates for Senate GOP leader to fill Cabinet right away

Days before Senate Republicans pick their new leader, President-elect Donald Trump is pressuring the candidates to change the rules and empower him to appoint some nominees without a Senate vote. Republican Sens. John Thune of South Dakota, John Cornyn of Texas and Rick Scott of Florida are running in a secret ballot election Wednesday to lead the GOP conference and replace longtime GOP leader Mitch McConnell, who is stepping aside from the job after almost two decades. All three have courted Trump's support in the race, vying to show who is the closest to the president-elect as they campaign to become majority leader. Trump has not endorsed in the race, but on Sunday he made clear that he expects the new leader to go around regular Senate order, if necessary, to allow him to fill his Cabinet quickly. In a statement on X and Truth Social, Trump said that the next leader must agree to allow him to make appointments when the chamber is on recess, bypassing a confirmation vote. Any ..

Israeli strikes kill dozens in Lebanon, Gaza; Netanyahu, Trump speak

Israeli strikes killed dozens of people including children on Sunday in Lebanon and isolated northern Gaza, as the world watched for signs of how the US election might affect the war against Iranian-backed militant groups Hamas and Hezbollah. Israeli Prime Minister Benjamin Netanyahu said he has spoken three times with Donald Trump since Tuesday's election and they see eye-to-eye regarding the Iranian threat and all of its components. Israel's president, Isaac Herzog, is scheduled to meet with US President Joe Biden on Tuesday. The Israeli airstrike in Lebanon killed at least 23 people including seven children in Aalmat village north of Beirut, far from the areas in the east and south where Hezbollah has a major presence. There was no Israeli evacuation warning. There was no immediate Israeli comment. Hezbollah began firing rockets, drones and missiles into Israel after war broke out in Gaza, in solidarity with the Palestinians and Hamas. Israel retaliated, and a series of escalati

Best of BS Opinion: For a whiff of fresh air, Nuclear energy, more

Here is the best of Business Standard's opinion pieces for today

Global trade may fragment further under a Donald Trump presidency

With Trump's rather isolationist policies, Europe may find it necessary to divert more resources for building better military capabilities

Statsguru: What Donald Trump's return to the White House means for India

The US gross domestic product grew 2.5-3 per cent annually under Trump's first presidency

Climate promises hang fire as big economies don't warm up to COP29

Indian minister likely to skip summit, which begins today; Trump's shadow looms over climate finance commitments

Market volatility partly driven by structural changes, says Ben Powell

Powell shares his insights on the US economy, the Federal Reserve's (Fed's) decisions, and the broader global economic outlook

Fed's future path: Donald Trump's election victory increases uncertainty

Higher tariffs and tax cuts will benefit American companies but will increase inflation and the Budget deficit. This explains the different positions of the debt and equity markets

Aditya Birla Group eyes more US investments, cites strong Trump-India ties

Aditya Birla Group Chairman Kumar Mangalam Birla on Sunday said his group is looking to invest further in the US as President-elect Donald Trump has been "positively" inclined towards India in the past. "We are looking forward to investing more in the US. Going by his (Donald Trump's) past record, he is positively inclined towards India and (besides that) he also has a good bond with Narendra Modi," Birla told PTI video services on the sidelines of the silver jubilee celebrations of the Aditya Birla Group's scholarships programme in Mumbai. Aditya Birla Group is a strong player in the metals and chemicals sector in the US through its businesses -- Novelis and Aditya Birla Chemicals. In June this year, the group announced an investment of USD 50 million in a manufacturing and research and development (R&D) centre in Texas. Stating that it is "too early" to comment on how Trump's second tenure as President of the US will be for the industry, Birla said, "Going by the past ...

What a Trump victory means for tech world: Boost for crypto, Musk

Another Trump presidency will be good for crypto and Elon Musk, but every big tech company may not benefit

Opponents of wind energy expect Trump to kill industry upon return to WH

Opponents of offshore wind energy projects expect President-elect Donald Trump to kill an industry he has vowed to end on the first day he returns to the White House. But it might not be that easy. Many of the largest offshore wind companies put a brave face on the election results, pledging to work with Trump and Congress to build power projects and ignoring the incoming president's oft-stated hostility to them. In campaign appearances, Trump railed against offshore wind and promised to sign an executive order to block such projects. We are going to make sure that that ends on Day 1, Trump said in a May speech. I'm going to write it out in an executive order. It's going to end on Day 1." They destroy everything, they're horrible, the most expensive energy there is, Trump said. They ruin the environment, they kill the birds, they kill the whales. Numerous federal and state scientific agencies say there is no evidence linking offshore wind preparation to a spate of whale deaths al

America First: Here's who Donald Trump may tap for national security

Besides national security, Trump will be looking to build out the heads of financial regulatory agencies, which are expected to take a more light-handed approach than Biden's administratration

Iranian charged by FBI, tasked to target Israeli tourists in Sri Lanka: US

An Iranian national charged by the FBI for plotting assassination on president-elect Donald Trump was tasked by the Iranians to target Israeli tourists in Sri Lanka, the Department of Justice has alleged. Farhad Shakeri, 51, of Iran was charged Friday in a criminal complaint in connection with their alleged involvement in a plot to murder a Trump. Shakeri is an Islamic Revolutionary Guard Corps (IRGC) asset, remains at large and is believed to reside in Tehran, Iran. "He was also tasked with targeting Israeli tourists in Sri Lanka, the Department of Justice said. According to documents filed in a federal court, Shakeri was asked by IRGC to target Israeli tourists in Sri Lanka and to plan a mass shooting event in October 2024. On or about October 23, 2024, the governments of the United States and Israel publicly warned travellers about threats of an attack targeting tourist locations in the Arugam Bay area, and, on or about the following day, Sri Lankan authorities reported having ..

Donald Trump wins Arizona, defeats Harris in all seven battleground states

US President-elect Donald Trump has won the election in Arizona, defeating his Democratic rival Kamala Harris in all seven battleground states. The seven battleground states in this election cycle were Arizona, Nevada, Wisconsin, Michigan, Pennsylvania, North Carolina, and Georgia. The victory in Arizona took Trump's electoral college tally to 312 against 226 of Vice President Harris. Arizona holds 11 electoral college votes. The Republican Party has regained control of the Senate and is all set to retain a majority in the House of Representatives. Currently, the party has 52 seats in the Senate and the Democrats have 47. In the House, Republicans have so far won 216 seats against 209 of the Democrats. The majority mark is 218. Republicans are confident that they will get the necessary number of seats to cross the halfway mark. In 2020, President Joe Biden became the first Democrat to win Arizona since Bill Clinton in 1996. Trump has now flipped it back. He campaigned heavily o