On Monday, the Indian rupee plunged by 67 paise to hit a record low of 87.29 against the US dollar. This sharp depreciation came in the wake of US President Donald Trump's decision to impose tariffs on Canada, Mexico, and China, sparking fears of a global trade war. Trump’s tariffs—25% on Canada and Mexico, and 10% on China—sent shockwaves through the financial markets. As the US dollar gained strength amid risk aversion, the rupee faced mounting pressure due to sustaine

Trump's Tariff Announcement and Border Security: President Donald Trump announced plans to impose tariffs of up to 25% on Mexico and Canada, effective February 1, 2025, arguing that both countries are contributing to illegal immigration and drug smuggling into the US. This move, part of his broader trade policy agenda, comes after his inauguration address, where he emphasized using tariffs to strengthen the US economy. However, such tariffs could risk igniting a trade con

In his first major act as the 47th President of the United States, Donald Trump signed an executive order aimed at dismantling birthright citizenship, a cornerstone of US immigration law. The order seeks to reinterpret the 14th Amendment of the US Constitution, which has historically granted citizenship to anyone born in the US, to exclude children born to undocumented immigrants. This controversial move has sparked intense debate and is expected to face numerous legal challenges from organiz

US President Donald Trump's economic policies are facing significant challenges, according to market experts like Ramesh Damani and Samir Arora. While Trump has made bold promises, including ramping up US oil production and taking a tough stance on trade with countries like China, the actual implementation of these policies is likely to be constrained by governance realities. Damani pointed out that Trump's ambitious goal of increasing US crude oil production by three millio

Trump’s National Energy Emergency Declaration President-elect Donald Trump is set to sign an executive order declaring a national energy emergency to promote affordable and reliable energy in the U.S. Aiming to lower costs and boost domestic production, the measure would focus on removing regulations and promoting energy independence. Focus on Alaska’s Natural Resources Trump will also sign an executive order targeting Alas

In response to the potential imposition of 25 percent tariffs on Canadian imports by US President-elect Donald Trump, Canadian Foreign Minister Melanie Joly issued a stark warning on Friday. Joly described the proposed tariffs as a "Trump tariffs tax" that could trigger the biggest trade war between Canada and the US in decades. The US president-elect's plans also involve increa

On January 9, 2025, the state funeral of President Jimmy Carter, held at Washington’s National Cathedral, provided a rare moment of political camaraderie between President-elect Donald Trump and former President Barack Obama. The two, who have a long history of public disagreement and political rivalry, were seen engaged in a friendly conversation during the ceremony. This unexpected interaction quickly caught the attention of attendees and quickly went viral on social media. Despite th

US Secretary of State Antony Blinken addressed the controversial comments made by President-elect Donald Trump regarding the potential US acquisition of Greenland, stating that such an action is not realistic and urging the world not to waste time discussing it. Speaking in Paris during his farewell tour, Blinken stressed that the Biden administration's foreign policy focuses on maintaining strong alliances, with the belief that the US is more effective when working alongside its allies.

In a recent legal development, the vacation bench of the Karnataka High Court, led by Justice Suraj Govindaraj, intervened in the case involving cricketer Robin Uthappa. Uthappa, who is the director of Centaurus Lifestyle Brands Pvt. Ltd., approached the court to challenge the recovery notices and arrest warrant issued against him. The case revolves around allegations of financial mismanagement, where U

Laura Loomer, a prominent right-wing figure, has harshly criticized Elon Musk for his views on immigration in the tech sector. Loomer's grievance stems from Musk's support for increasing immigration in the United States, particularly from countries like China and India, which she opposes. On social media, Loomer accused Musk of trying to influence Donald Trump’s policies, labeling his collaboration with Vivek Ramaswamy on the “Department of Government Efficiency” pro

Panamanian President Jose Raul Mulino firmly rejected any negotiations with US President-elect Donald Trump regarding control of the Panama Canal, affirming that the canal belongs solely to Panama. Mulino emphasized that the canal, which was transferred to Panama in 1999 after being built by the United States, cannot be the subject of talks with Washington. Trump's recent comments, which criticized the tolls for US vessels passing through the canal and expressed concern over China's a

The year 2024 was dramatic for the US, with President Joe Biden abandoning his reelection bid after a poor performance in a debate against Donald Trump. Trump, who had been absent from the White House for four years, made a triumphant return after defeating Kamala Harris in the presidential race. His comeback marks the first time since Grover Cleveland that a president has been evicted from the White House and returned four years later. While the Biden administration exits, the Indi

The year 2025 is set to be filled with significant global events, from political upheavals to cultural comebacks and pressing climate challenges. Trump 2.0: Donald Trump will be inaugurated as the 47th President of the United States on January 20, 2025, after a hard-fought election victory against Kamala Harris. Despite facing legal challenges, Trump's second term will likely shape U.S. politics and its global relationships.

In a shift of political support, major US business leaders and companies are lining up to donate substantial sums to Donald Trump’s 2025 inaugural committee, following his landslide victory. Corporate America, which largely supported Kamala Harris and the Democratic agenda in the 2020 presidential race, is now keen to strengthen ties with the incoming Republican administration. With some of the largest donations coming from figures like Meta’s Mark Zuckerberg, OpenAI’s Sam A

In a recent post on Truth Social, Donald Trump raised concerns about the growing influence of China over the Panama Canal, warning that the US would not allow the strategic waterway to fall into "the wrong hands." His remarks were sparked by rising tariffs imposed by Panama on the use of the canal, which Trump criticized as excessive. The Panama Canal, originally constructed by the US and transferred to Panama in 1999, is a critical trade route linking the Atlantic and Pacific Ocean

On Sunday, US President-elect Donald Trump announced the appointment of Sriram Krishnan, an Indian American entrepreneur, venture capitalist, and author, as the Senior White House Policy Advisor on Artificial Intelligence (AI). Krishnan, who has held leadership roles at major tech companies such as Microsoft, Twitter, Yahoo!, Facebook, and Snap, will work alongside David O. Sacks, who will serve as the White House AI & Crypto Czar. Krishnan's role will involve ensuring that

As President-elect Donald Trump prepares for his second term in office, a growing number of U.S. colleges and universities are advising international students to return to campus before January 20, 2025, due to concerns that Trump may reinstate or expand travel restrictions. This advice follows the previous travel bans imposed during his first administration, which restricted entry to the U.S. for citizens from certain predominantly Muslim countries. Many schools, including Ivy League institu

Bitcoin reached an all-time high of $107,791, surpassing its previous peak from December 5, as optimism surrounding President-elect Donald Trump’s support for digital assets and MicroStrategy’s inclusion in the Nasdaq 100 Index fueled the rally. On Monday, Bitcoin surged more than 4.8%, reflecting growing market confidence. This positive momentum was amplified by MicroStrategy’s announcement that it had purchased an additional $1.5 billion in Bitcoin, further solidifying the

A New York judge recently denied US President-elect Donald Trump's request to have his conviction for covering up hush money payments to a porn star thrown out on the grounds of presidential immunity. Judge Juan Merchan ruled that the immunity typically granted to presidents for official actions does not apply to the conduct involved in this case, which he deemed as "unofficial." This ruling keeps Trump's felony conviction intact, despite his legal team's attempt to use

Elon Musk’s Tesla has become one of the top employers of H-1B workers, with over 1,700 H-1B visas approved for Tesla employees in 2020. This marks a significant reliance on skilled foreign workers as Tesla continues to grow. Musk’s early career began with illegal work on a student visa in the U.S., but now Tesla’s future is intertwined with the availability of H-1B workers, a visa program that is crucial for attracting talent to the tech industry. The Trump adminis