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Donald Trump hailed the creation of Department of Government Efficiency, popularly referred to as "Doge," a new agency aimed at reducing government waste. Speaking at the US Capitol, Trump stressed that his administration is «ending the flagrant waste of taxpayer dollars» with the formation of the Elon Musk-led agency. Trump took a moment to spotlight his billionaire ally and tech entrepreneur Elon Musk, who was present in the audience wearing a sharp suit and a blue tie.

Elon Musk's effort to slash U.S. government spending and the size of the federal workforce. However, the view it offers of the cost-cutting enterprise is often muddied by major errors. President Donald Trump and Musk's Department of Government Efficiency say that in just six weeks they have already saved American taxpayers tens of billions of dollars through rapid-fire moves to cancel contracts, fire workers and root out fraud and waste in the government. The only support for the assertions comes from data posted by DOGE to a newly created website that went live last month. But in the last two weeks alone, DOGE has deleted hundreds of claimed savings, including some of the largest items it had previously boasted about.

The US Department of Justice is currently pursuing two anti-monopoly cases against Google — one over search and another over advertising technology. «We routinely meet with regulators, including with the DOJ to discuss this case. As we've publicly said, we're concerned the current proposals would harm the American economy and national security,» a Google spokesperson said.

trade tensions, Swaminathan Aiyar, Consulting Editor at ET Now Swaminathan Aiyar has downplayed concerns over the direct impact of U.S. tariff plans on India. In an interaction with ET Now, Aiyar asserted that India is «hardly on the radar screen» when it comes to Washington’s trade actions, which are largely aimed at economic heavyweights like Russia, China, and Mexico. While Union Minister Piyush Goyal’s upcoming visit to the U.S. has sparked speculation over potential trade negotiations, Aiyar believes that the scope of such discussions remains limited.

China's yuan was firm in offshore trading following a rally of about 0.7% in the prior session, as annual parliamentary sessions of the National People's Congress (NPC) kicked off with Beijing retaining a 5% economic growth goal for 2025.

Donald Trump's much anticipated speech got underway on the wee hours of Wednesday and the 78-year-old Republican hailed the country's achievements in the last 40-odd-days and said that 'America is back'. «We have accomplished more in 43 days than most administrations accomplish in four years or eight years — and we are just getting started,» Trump said as chants of «USA, USA!» erupted from the lawmakers seated in the US Capitol. «The American Dream is surging — bigger and better than ever before. The American Dream is unstoppable, and our country is on the verge of a comeback the likes of which the world has never witnessed, and perhaps will never witness again.»

egg prices continue to rise across the US, President Donald Trump is likely to outline his plans to curb soaring costs that have burdened American households in his address to Congress. According to excerpts obtained by the BBC, Trump will say President Joe Biden «let the price of eggs get out of control—and we are working hard to get it back down.» Earlier, the Trump administration has unveiled a $1-billion plan to combat the ongoing bird flu crisis, which has significantly reduced egg production across the country. U.S. Department of Agriculture (USDA) Secretary Brooke Rollins announced on February 26 that most of the funds would be allocated to assisting farmers, expanding biosecurity programs at egg-laying facilities, and researching a vaccine to control the virus.

Jim Walker, Chief Economist, Aletheia Capital, says if the US economy begins to slow and which is very likely, then the direction of travel is going to have to change and that really means that he is going to have to back off some of this aggression towards his partners and within his own country. Hopefully by the middle of this year, a lot more sensible decisions will be made and a lot more visibility about where we are going. The underlying fundamentals remain the same. Asia looks pretty good, India looks great, China is recovering, and the real problems lie in the advanced economies in America. Walker said to clients this week that this is the time to absolutely double down on the long in India, go much longer and although we worry about the valuations in the Indian stock market, my view is that economic growth is going to take off from here and those valuations will be quickly supported by corporate earnings. Walker, who had predicted the 2008 crisis, does not think the present situation is like 2008. It will be a pretty painful slowdown, but we can go to the other end of it without the kind of government and central bank action that took place in 2008, 2009.

Subscribe to enjoy similar stories. President Trump won the Presidency a second time by promising working-class voters he’d lift their real incomes. Which makes it all the more puzzling that he’s so intent on imposing tariffs that will punish those same Americans.

Subscribe to enjoy similar stories. After America announced on March 3rd that it is suspending military aid to Ukraine, it looks increasingly likely that Ukraine will have to depend on Europe. Donald Trump might be persuaded to reverse the suspension, for instance if Volodymyr Zelensky agrees to sign a deal on its minerals industry.

Subscribe to enjoy similar stories. When Warren Buffett lambasted US President Donald Trump’s imposition of tariffs as “an act of war to some degree," he wasn’t wrong. Of course, there’s no conventional battle going on.

Subscribe to enjoy similar stories. One of the most famous quips about India that has long held good is British economist Joan Robinson’s “Whatever you can rightly say about India, the opposite is also true." A telling example is the contrast between our high position in the world’s GDP league table, where we rank third in terms of purchasing power parity, and our abysmal 119th spot when it comes to per capita income. But one measure on which we have unanimity, even among argumentative Indians, relates to the rapid adoption of digital technology.

Donald Trump on Tuesday is expected to lay out for Congress and the American people his plans for the weeks and months ahead after a turbulent first few weeks in office, which have featured a dismantling of the federal government, tensions with America's allies and a trade war compounding economic uncertainty. His joint address to Congress is the latest marker in Trump's takeover of the nation's capital, where the Republican-led House and Senate have done little to restrain the president as he and his allies work to slash the size of the federal government and remake America's place in the world. With a tight grip on his party, Trump has been emboldened to take sweeping actions after overcoming impeachments in his first term and criminal prosecutions in between his two administrations. Trump's theme will be the «renewal of the American dream,» the White House said, and he was expected to lay out his achievements as well as appeal to Congress to provide more money to finance his aggressive immigration crackdown.

Here's a look at the decision and its implications. How much of Ukraine's aid comes from the US?

global selloff in markets. Equities opened lower in Sydney and mixed in Tokyo after mayhem on Tuesday that saw a global index approach levels from the start of this year. Contracts for the S&P 500 rose 0.8% — after the index dropped 1.2% on Tuesday — echoing gains in late trading after Lutnick hinted at a compromise with Canada and Mexico. That was within hours of the US imposing the largest set of new tariffs in nearly a century on goods from its neighbors and China.

China is keeping its economic growth target at «around 5%» for 2025 despite a looming trade war with the United States and other headwinds. The target for GDP growth was announced Wednesday in a report being presented by Premier Li Qiang at the opening session of the National People's Congress, the annual meeting of China's legislature. It gives an indication of how ambitious the government is about boosting growth in challenging economic times. The IMF has projected China's economy will grow 4.6% this year, down from 5% in 2024, according to Chinese government statistics.

Subscribe to enjoy similar stories. On 4 March, the Sensex and Nifty declined due to the impact of new US tariffs on major trading partners such as China, Canada, and Mexico. These tariffs unsettled global markets and hurt investor confidence.

Subscribe to enjoy similar stories. Early indicators suggest that the US economy is slowing down. This, even before the adverse effect of President Donald Trump’s policies such as additional import tariffs kick-in.

India marking the 20th anniversary of the Bengaluru office for the Wall Street bellweather, Goldman Sachs CEO David Solomon spoke with ET’s Arijit Barman, emphasizing that the global economy will remain deeply interconnected despite the rising intensity of trade tariff rhetoric. During his brief one-day visit to India where the firm has invested over $8.5 billion, Solomon will stop at the firm’s Bengaluru campus where Goldman Sachs’ technology engineers and quants are driving innovation—developing systems that span from trade execution and risk management to advancing the immersion of AI with their global colleagues throughout the firm.

The actions, which could upend nearly $2.2 trillion in two-way annual trade, went live hours after Trump declared that all three countries had failed to do enough to stem the flow of the deadly fentanyl opioid and its precursor chemicals into the US. China announced additional tariffs of 10-15% on certain US imports from March 10. It also slapped export and investment curbs on 25 US firms on grounds of national security. «Trying to exert extreme pressure on China is a miscalculation and a mistake,» a foreign ministry spokesperson said in Beijing, adding that China had never succumbed to bullying or coercion.

Tariffs on Canada and Mexico took effect Tuesday — and they're bound to raise prices for consumers, sometimes in unexpected ways, according to economists.