New Zealand Foreign Minister Winston Peters has publicly criticised the recently concluded India–New Zealand Free Trade Agreement, describing it as a low-quality deal that undermines New Zealand’s economic and labour interests. His remarks come just days after India and New Zealand announced the successful conclusion of FTA negotiations, which both governments claim could significantly boost bil

Gold and silver prices have surged to record highs as investors rush back to precious metals, turning them into one of the strongest signals of global economic anxiety. A year that began cautiously is ending with aggressive buying, driven by inflation concerns, interest rate expectations, geopolitical tensions, and fears emerging from global bond markets. On Tuesday, gold prices climbed sharply, with spot gold rising to fresh all-time highs and futures also posting strong gains. Sil

Pakistan’s request to reduce the 18 percent GST on condoms and other contraceptives has been rejected by the International Monetary Fund, leaving the government unable to make birth-control products cheaper in a period of rising population and financial pressure. Prime Minister Shehbaz Sharif had asked the Federal Board of Revenue to approach the IMF for immediate approval to remove the tax, but the lender made it clear that such changes cannot be made mid-year and may only be considered du

The United States has warned that steep tariffs could soon be imposed on China if Beijing proceeds with its newly announced restrictions on rare earth exports, heightening concerns of another trade confrontation between the two largest economies in the world. U.S. Trade Representative Jamieson Greer said Tuesday that the decision now rests largely on China’s next actions, suggesting that the situation remains fluid in the run-up to a crucial diplomatic meeting later this month. Pr

In a recent address from Morristown, New Jersey, U.S. President Donald Trump reaffirmed his administration's commitment to using tariffs as a tool to boost domestic manufacturing, particularly in sectors such as military equipment and advanced technology. Speaking before boarding Air Force One, Trump clarified that his tariff agenda is not intended to revive traditional textile production like sneakers and T-shirts, but rather to prioritize manufacturing of tanks, artificial intelligence

The United States and China are expected to provide more clarity on the progress made during a series of marathon trade discussions held over the weekend in Geneva. These talks brought together high-level officials from both countries, and their outcomes may mark a turning point in ongoing efforts to resolve longstanding economic tensions between the two largest global economies. While full details have not yet been disclosed, early signals from both sides suggest cautious optimis

Veteran emerging markets investor Mark Mobius has shifted nearly all of his investments into cash, citing ongoing global trade tensions and market uncertainty. In an interview with Bloomberg Television, Mobius said that he currently has around 95% of his funds in cash, declaring that “cash is king” as the global economy navigates unstable trade dynamics. Mobius, who has over three decades of experience investing across developing markets and co-founded Mobius Capital P

If Texas were an independent nation, its economy would rank as the eighth-largest in the world, surpassing economic giants like Russia, Canada, and Italy. With a nominal gross domestic product (GDP) of $2.7 trillion, Texas sits just behind the overall United States, China, Germany, and Japan when measured against global economies. Among U.S. states, Texas ranks second only to California and accounts for an impressive 9% of the total U.S. GDP. According to recent data compiled by the Internati

Apple’s App Store continues to make a significant economic impact in India, facilitating a staggering Rs 44,447 crores (approximately $5.31 billion) in developer billings and sales in 2024, according to a newly published report. An overwhelming 94 percent of this commerce flowed directly to developers and businesses without any commission deducted by Apple. The report, authored by IIM Ahmedabad professor Viswanath Pingali, sheds light on the transformative effect the App Store

Singaporeans will head to the polls on May 3, 2025, for a landmark general election that will test Prime Minister Lawrence Wong’s leadership amid increasing global economic uncertainty and domestic political shifts. This marks the first election under Wong, who succeeded Lee Hsien Loong, ending decades of leadership under the influential Lee family. The ruling People's Action Party (PAP), in power since 1959, is expected to retain its majority, but with growing opposition strength a

 China has indicated a willingness to address India’s rising concerns over a ballooning trade deficit that is projected to touch a record $100 billion in the financial year 2024–25. This development comes as China seeks to offset its economic challenges amid intensifying trade friction with the United States. People familiar with the situation have said that Beijing has informally conveyed its openness to increasing imports from India by reducing tariff and non-tariff barriers,

  In a major escalation of the ongoing trade conflict between the United States and China, Beijing has announced a significant hike in tariffs on American goods, raising import duties from 84% to 125%. The move, confirmed by the Chinese finance ministry on Friday, is a direct response to recent tariff increases imposed by the U.S. administration. It marks one of the most severe retaliatory actions taken by China in the prolonged dispute that has gripped global markets and resha

  India's Minister of Commerce and Industry, Piyush Goyal, has expressed confidence that the recent tariff hikes announced by U.S. President Donald Trump could present an opportunity for India to strengthen its position in global trade. In response to the sudden shift in the U.S. trade stance, Goyal stated that India is well-positioned to benefit economically from the new environment created by America's protectionist approach. Trump recently declared a s

Washington: As anticipation builds over US President Donald Trump's so-called "Liberation Day" tariff announcement, the White House has confirmed there will be no exemptions in the new wave of reciprocal tariffs. Speaking at a press briefing on Monday, White House spokesperson Karoline Leavitt made it clear that these tariffs are aimed at putting an end to what the administration calls decades of "unfair trade practices" against American exporters. President Trump has

This month, the announcement of sweeping 25% tariffs on cars “not made in the U.S.” has sent ripples through the global automotive industry, especially affecting Asian car manufacturers. U.S. President Donald Trump’s decision has put significant pressure on automakers ahead of the implementation of the new duties, which are set to take effect later this week. The move has particularly shaken Japanese and South Korean carmakers, many of whom rely heavily on the U.S. market. S

Telangana Chief Minister A. Revanth Reddy proudly announced that the state has secured approximately Rs 1.8 lakh crore in investments during his recent visit to the World Economic Forum (WEF) annual meeting in Davos, Switzerland. This marks a significant milestone for the state, with the Chief Minister emphasizing the importance of these investments in bolstering Telangana's economic growth. Taking a dig at the opposition Bharat Rashtra Samithi (BRS), Reddy refuted their claims