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Tariffs drive June inflation rise in US, delaying Fed rate cut hopes

The personal consumption expenditures (PCE) price index rose 0.3 per cent last month after an upwardly revised 0.2 per cent gain in May, the Commerce Department's Bureau of Economic Analysis said

US tariffs may hit India's IT sector indirectly via tech spend cuts: EY

Though the Indian IT services sector is not directly hit by the newly-announced 25 per cent US tariffs on goods, the ripple effects could be "substantial" as rising input costs may prompt US companies to scale back discretionary tech spends, Nitin Bhatt, Technology Sector Leader at EY India said on Thursday. The tariff announcement comes at a time when the export-led Indian IT industry is grappling with macroeconomic uncertainties and the advent of Artificial Intelligence (AI). "While the Indian IT services sector isn't directly hit by the newly announced 25 per cent US tariffs, the ripple effects could be substantial. Rising input costs may prompt US companies to scale back discretionary tech spending. Simultaneously, growing unease around workforce mobility and evolving digital taxation frameworks could redefine how cross-border services are priced and delivered," Bhatt said. Companies that pivot to hybrid delivery models, diversify geographically, and embed AI at scale will be ..

US economy rebounds in second quarter; but underlying trend is soft

Gross domestic product increased at a 3.0 per cent annualized rate last quarter, the Commerce Department's Bureau of Economic Analysis said in its advance estimate of second-quarter GDP on Wednesday

US team to visit India on Aug 25 for next round of talks for trade pact

The US team will visit India on August 25 for the next round of negotiations for the proposed bilateral trade agreement between the two countries, an official said on Tuesday. The official added that the two sides continue to be engaged in an interim trade deal as the August 1 deadline is approaching. August 1 marks the end of the suspension period of tariffs imposed by US President Donald Trump on dozens of countries, including India (26 per cent). "The US team is visiting for the sixth round of talks," the official said. India and the US teams concluded the fifth round of talks for the agreement last week in Washington. India's chief negotiator and special secretary in the Department of Commerce Rajesh Agrawal and Assistant US Trade Representative for South and Central Asia Brendan Lynch held the deliberations. These deliberations are important as both sides are looking at finalising an interim trade deal before August 1. On April 2 this year, Trump announced high reciprocal .

Thailand, Cambodia ceasefire holds as displaced villagers return home

A ceasefire between Thailand and Cambodia appeared to hold Tuesday as tensions lingered despite a truce agreement to end deadly border clashes following economic pressure from the US The ceasefire that was reached in Malaysia was supposed to take effect at midnight, but was quickly tested. The Thai army accused Cambodia of launching attacks in multiple areas early Tuesday, but Cambodia said there was no firing in any location. The Thai army later said fighting had stopped after military commanders along the border from both sides met. They agreed to halt troop movements, avoid escalation and establish coordination teams ahead of a joint border committee meeting in Cambodia on August 4, army spokesman Major General Winthai Suvaree said. Cambodian Defence Minister Tea Seiha said he spoke to his Thai counterpart about incidents that occurred during the implementation of the ceasefire but stressed the Cambodian army abided by the truce. He said Cambodian defence officials will lead a ..

'Seed money': Japan will invest $550 bn in US at my direction, says Trump

President Donald Trump is bragging that Japan has given him, as part of a new trade framework, USD 550 billion to invest in the United States. It's an astonishing figure, but still subject to negotiation and perhaps not the sure thing he's portraying. "Japan is putting up USD 550 billion in order to lower their tariffs a little bit," Trump said Thursday. They put up, as you could call it, seed money. Let's call it seed money. He said 90 per cent of any profits from the money invested would go to the US even if Japan had put up the funds. It's not a loan or anything, it's a signing bonus, the Republican president said, on the trade framework that lowered his threatened tariff from 25 per cent to 15 per cent, including on autos. A White House official said the terms are being negotiated and nothing has been formalised in writing. The official, who insisted on anonymity to detail the terms of the talks, suggested the goal was for the USD550 billion fund to make investments at Trump's .

Russia suspends sunflower oil duty till end of August to boost exports

Russian lobby group Oil and Fat Union estimates that Russia is the world's leading producer of sunflower oil and the second largest exporter after Ukraine

Trump says 50-50 chances of negotiating a trade deal with European Union

Trump earlier this month issued a letter saying the EU would face a 30 per cent tariff on most goods if they fail to reach an agreement by Aug 1

Netanyahu, Trump appear to abandon Gaza ceasefire negotiations with Hamas

Netanyahu said Israel was now mulling "alternative" options to achieve its goals of bringing its hostages home from Gaza and ending Hamas rule in the enclave

Trump wants Musk's firms to thrive in US, says he won't pull subsidies

Musk's SpaceX had been considered a frontrunner to build out Trump's $175 billion Golden Dome missile defense shield and remains a natural choice for key elements of the project

'Great Jeans': Sydney Sweeney campaign fuels American Eagle rally

The company has partnered with Sweeney for its fall season denim collection that includes a limited-edition denim jacket as well as a 'The Sydney Jean'

US fertility rate reached new low in 2024 with 1.6 kids per woman: CDC

The fertility rate in the US dropped to an all-time low in 2024 with less than 1.6 kids per woman, new federal data released Thursday shows. The US was once among only a few developed countries with a rate that ensured each generation had enough children to replace itself about 2.1 kids per woman. But it has been sliding in America for close to two decades as more women are waiting longer to have children or never taking that step at all. The new statistic is on par with fertility rates in western European countries, according to World Bank data. Alarmed by recent drops, the Trump administration has taken steps to increase falling birth rates, like issuing an executive order meant to expand access to and reduce costs of in vitro fertilisation and backing the idea of baby bonuses that might encourage more couples to have kids. But there's no reason to be alarmed, according to Leslie Root, a University of Colorado Boulder researcher focused on fertility and population policy. We're

US bans flu shots with thimerosal in RFK Jr led vaccine policy shift

About 5 per cent of flu shots given in the US in the last flu season were multi-dose vials that contained the preservative, which was largely phased out decades ago

610 antiquities retrieved from six countries in five years, says govt

A total of 610 antiquities were retrieved from the US, the UK and four other countries over the last five years, the government informed Parliament on Monday. Union Culture Minister Gajendra Singh Shekhawat shared this information in a written reply to a question on whether the government has conducted any survey or study regarding theft of Indian artefacts in the last five years; and details of the total number of artefacts recovered, still missing and unaccounted for over the same period. The Archaeological Survey of India (ASI) maintains up-to-date data of theft cases in respect of protected monuments, sites and museums under its jurisdiction, he said. On retrieval of antiquities from abroad, according to the data shared by him, in 2020, three artefacts were brought back from Australia and five from the UK. In 2021, 157 antiquities were brought back from the US and one each from Canada and the UK. In 2023 and 2024, the figures stood at 105 (the US) and 297 (the US) ...

Samyukt Kisan Morcha to mark Aug 13 as 'Corporations Quit India' day

The Samyuk Kisan Morcha (SKM) on Monday said it would observe August 13 as 'Corporations Quit India' day, as it warned of a major "showdown" on November 26, marking five years of the historic farmers' protest at Delhi's borders. SKM leaders in a press conference said the agitation will be over their long-standing demands of a guaranteed MSP based on the Swaminathan commission's recommendation, loan waivers, privatisation, as well as land acquisitions happening across the country, and against the trade deal with the US. All India Kisan Sabha (AIKS) leader Vijoo Krishnan said 106 delegates from 37 farmer organisations from 12 states participated in the meeting held on Sunday. "SKM will observe 13th August 2025 as 'Corporations Quit India' Day throughout the country," Krishnan said. Raminder Singh Patiala of Kirti Kisan Union expressed his concern at the land pooling issue in Punjab and land acquisitions across the country. "On August 13, we will hold vehicle and tractor parades, and

Air India cockpit recording suggests captain cut off fuel supply: Report

The US assessment is not contained in a formal document, said the source, who emphasized the cause of the June 12 crash in Ahmedabad, India, that killed 260 people remains under investigation

Domino's tops Q2 US sales estimates on strong demand, new menu deals

The world's largest pizza chain introduced items such as the parmesan-stuffed crust pizza to its list, and attracted value-conscious consumers through deals under its rewards program

China stood up to Trump, and it's not giving Europe an inch, either

Beijing is betting that economic pressure and diplomatic defiance will force concessions, but its stance could put more strain on its ties with Europe at a crucial time

EU plans retaliation strategy as US hardens trade stance before deadline

The overwhelming preference is to keep negotiations with Washington on track in a bid for an outcome to the impasse ahead of next month's deadline

Bangladesh signs US wheat-import deal in bid to curb tariff pressure

The US tariff hike has rattled Bangladesh export sector, especially the ready-made garments industry, which fears losing competitiveness in one of its largest markets