Page 641 - World News
Trump's tariffs may end quarter-century era of cheap goods for US consumers
Even after Trump's U-turn on Wednesday that paused steep new tariffs on about 60 nations for 90 days, average US duties remain much higher than a couple of months ago
 "Trump's tariffs may end quarter-century era of cheap goods for US consumers")
Oil crash could push Saudi Arabia's budget deficit to $67 bn: Goldman Sachs
Crude has plunged to its lowest level in about four years after US President Donald Trump unveiled new tariffs on almost all countries
 "Oil crash could push Saudi Arabia's budget deficit to $67 bn: Goldman Sachs")
EU, China start talks on lifting EU tariffs on Chinese electric vehicles
The European Union imposed tariffs on Chinese-made electric vehicles (EVs) late last year, saying they were needed to counter cheap loans
 "EU, China start talks on lifting EU tariffs on Chinese electric vehicles")
Trump administration freezes $1.8 billion for Cornell, Northwestern
The White House on late Tuesday confirmed the hold on the public money but offered no further details on what that meant or what grants were affected
 "Trump administration freezes $1.8 billion for Cornell, Northwestern")
'Everything is going to work out well': Trump on tariff reversal decision
After his reversal on social media, Trump's team was put in the unenviable position of trying to spin the media that this was the plan all along, a brilliant strategy
 "'Everything is going to work out well': Trump on tariff reversal decision")
Goldman Sachs cuts China GDP growth forecasts citing tariff impact
However, the report added that "even these significant easing measures are unlikely to fully offset the negative effects of the tariffs
 "Goldman Sachs cuts China GDP growth forecasts citing tariff impact")
Wall Street execs credit Dimon & Ackman for swaying Trump on tariffs
Investors are breathing a sigh of relief, Varadhan replied, according to a person briefed on the discussion. Goldman had just predicted a US recession
 "Wall Street execs credit Dimon & Ackman for swaying Trump on tariffs")
Beijing bites back at US tariffs by imposing curbs on Hollywood movies
After three decades during which China annually imported 10 Hollywood movies, its National Film Administration said Trump's increase of tariffs on Chinese imports would further sour domestic demand
 "Beijing bites back at US tariffs by imposing curbs on Hollywood movies")
New Trump tariffs push total China duties to 145%, key imports spared
The cumulative tariff burden on some Chinese products stands at 145 per cent, including duties left in place from previous administrations
 "New Trump tariffs push total China duties to 145%, key imports spared")
London's Imperial College to open Indian hub in Bengaluru: Prez Hugh Brady
The hub called "Imperial Global India" will be established as a Liaison Office and will focus on strengthening and co-creating new research partnerships
 "London's Imperial College to open Indian hub in Bengaluru: Prez Hugh Brady")
US, Russia describe talks on diplomatic missions as constructive & positive
The meeting of the US and Russian delegations in Istanbul followed initial talks in February, after the war in Ukraine triggered the biggest confrontation between Moscow and the West since Cold War
 "US, Russia describe talks on diplomatic missions as constructive & positive")
House GOP okays Trump's big bill framework after intense internal wrangling
Donald Trump, at a black-tie fundraising dinner this week, had admonished Republicans to 'stop grandstanding' on the budget
 "House GOP okays Trump's big bill framework after intense internal wrangling")
Man uses AI avatar in court, raising fresh concerns over ethical boundaries
The use of an AI-generated avatar in a New York courtroom has sparked a debate over the ethical boundaries of artificial intelligence, raising questions about its role in legal proceedings and beyond
 "Man uses AI avatar in court, raising fresh concerns over ethical boundaries")
OpenAI sues Elon Musk for unfair competition, escalating legal feud
The allegations against Musk were filed Wednesday in a federal court in California as a counterclaim to Musk's lawsuit against OpenAI
 "OpenAI sues Elon Musk for unfair competition, escalating legal feud")
US inflation slows in March, offering relief before looming tariff impact
The inflation slowdown reflected a decline in energy costs, used vehicles, hotel stays and airfares. The cost of motor vehicle insurance
 "US inflation slows in March, offering relief before looming tariff impact")
Wall Street opens lower after sharp rally on Trump tariff reversal
The Dow Jones Industrial Average fell 611.5 points, or 1.51 per cent, at the open to 39,996.93
 "Wall Street opens lower after sharp rally on Trump tariff reversal")
UK financial watchdog's Indian-origin CEO re-appointed for second term
The FCA, as a regulator for the UK's financial markets and over 40,000 financial services firms, is in charge of holding them to account
 "UK financial watchdog's Indian-origin CEO re-appointed for second term")
Pakistan to invite fresh bids for privatising national airline PIA
However, Islamabad's attempt to privatise PIA last year fell flat when it received only a single offer, well below the asking price of more than $300 million
 "Pakistan to invite fresh bids for privatising national airline PIA")
Prada to buy Versace for $1.375 bn, uniting top Italian fashion houses
Prada is seeking to expand, having defied a slowdown in luxury demand, while Versace has been operating at a loss
 "Prada to buy Versace for $1.375 bn, uniting top Italian fashion houses")
China slashes US film imports over tariffs, says open to fair dialogue
Separately, China's Commerce Ministry spokesperson He Yongqian told a press briefing on Thursday that while Beijing remains open to talks