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Subscribe to enjoy similar stories. Mumbai: A spell of weakness in Asian markets spilled into Indian equities on Friday, sparking a sell-off that swept across sectors. Indian markets that averted a steep fall a day earlier plunged 1.5%, as fears of a US recession and its consequences grew.

Subscribe to enjoy similar stories. NEW DELHI : As the US recalibrates its reciprocal tariff policy following a data miscalculation, India will now face an additional 26% tariff across a range of commodities starting 9 April. This marks a slight downward revision from the 27% hike announced on 2 April after the US administration corrected its trade deficit computations.

According to a FactSet monthly summary, most asset classes suffered lower inflows last month, with fixed income and equities down 39% and 13%, respectively. Trump's 'erratic' policies push $22bn out of US equities in 21 days However, $101bn flowed into bond ETFs in the first quarter of the year, representing a third (33%) of all inflows in Q1 and marking a 24% rise from Q4. FactSet noted that «during times of uncertainty, investors may seek to hedge against equity volatility by pivoting to fixed income». The only sectors that posted inflows last month were real estate, consumer ...

The figures from the US Bureau of Labor Statistics today (4 April) came in above market expectations, with economists polled by Reuters expecting a 135,000 rise. US adds 151,000 jobs in February as unemployment rate ticks up Last month's numbers marked a significant increase from the downwardly-revised figure of 117,000 jobs for February this year. The healthcare sector added 54,000 jobs in March, slightly above the previous 12-month average gain of 52,000, while social assistance came in second with 24,000 jobs, higher than the average monthly gain of 19,000 over the prior ye...

Subscribe to enjoy similar stories. Nothing is more American than the pickup truck. One big reason why: the “chicken tax." The U.S.

Barclays, and Bank of America are sounding warnings over the prospect for a recession across the globe following US president Donald Trump's latest imposition of high tariffs, reported CNBC. JPMorgan said that if the tariffs remain imposed for long, it might lead the United States and the world into a recession, according to the report.

trade war fears rage on. Dow Jones futures are down as much as 3%, while Nasdaq is on track to fall another 3%. This came after China pledged additional tariffs on US goods in retaliation to Trump's reciprocal levies. US stocks fell sharply on Thursday too with S&P 500 plunging nearly 5%, its largest one-day percentage decline since June 2020.

With this move, the two small islands off the Canadian coast have gone from relative obscurity to being the unexpected face of an escalating US-France trade clampdown. While larger countries like China and Mexico are often the focus of trade battles, this time it’s a quiet fishing outpost of under 6,000 people caught in the crossfire.

Subscribe to enjoy similar stories. Bankers don’t import or export sneakers or cars. But that doesn’t mean they are immune to tariffs.

The S&P 500 was down 4.8% when markets closed yesterday, losing $2.5trn in market value throughout the day, while the Nasdaq fell almost 6%, taking it back to levels not seen since August 2024, according to data from MarketWatch. Futures have not recovered either, with both S&P 500 and Nasdaq futures down 0.7% and 0.4%, respectively, at the time of reporting. Markets plunge as Trump pushes ahead with global 'reciprocal' tariffs «With markets having suffered their worst week in five years, investors were hiding under their duvet on Friday (4 April) hoping the pain would go away,» sa...

Subscribe to enjoy similar stories. WASHINGTON—President Trump promised a new American golden age. But the immediate fallout from his expansive tariffs has been a shuddering stock market and rising fears of a recession.

Communist Party of China (CPC) has said in a message to the CPI(M), extending wishes for the party congress underway in Madurai. According to a document shared by the Communist Party of India (Marxist), 34 Left parties from across the world have sent it messages wishing success to its 24th party congress. Besides the CPC, they include Workers' Party of Korea, Communist Party of Vietnam, Communist Party of Cuba, Communist Party of Australia, Workers' Party of Belgium, Palestinian People's Party, besides communist parties from the US, France and Germany among others. Communist Party of Bangladesh, Workers Party of Bangladesh, Communist Party of Nepal (United Socialist), Awami Workers' Party, Pakistan, Communist Party of Pakistan and Communist Party of Burma also sent messages wishing success to the CPI(M) congress. The CPC in its message said in the present international landscape, an improving China-India relationship serves the common interest of both countries and the region. «The international landscape and world order are now in a new round of transformation. An improving China-India relationship serves the common interests of both countries and the region,» CPC said.

US President Donald Trump imposed a series of sweeping tariffs on countries around the world that could drastically alter the landscape of global trade, and consumer goods like iPhones could be among the hardest hit, analysts said on Thursday, with increases of 30% to 40% if the company were to pass on the cost to consumers. Most iPhones are still made in China, which was hit with a 54% tariff. If those levies persist, Apple has a tough choice: absorb the extra expense or pass it on to customers.

The rupee closed at 85.2350 against the U.S. dollar, ending stronger on the day and up 0.3% on the week, adding to a 2% gain over the last fortnight.

retaliatory measures, including steep tariffs and export controls on critical materials. The Chinese Finance Ministry has said that starting April 10, Beijing will impose additional tariffs of 34% on all US goods, adding fuel to the already fiery trade war. This comes as a direct response to Trump's recent trade actions, including reciprocal tariffs at 34% and export bans targeting Chinese firms. Meanwhile, the Commerce Ministry has said it is adding 16 US entities to its export control list, further restricting their access to Chinese markets and technologies. Additionally, 11 American firms have been placed on China’s ‘unreliable entity’ list, according to state broadcaster CCTV.

artificial intelligence infrastructure in the country, likely undermining a key goal of the administration, analysts said on Thursday. Trump and technology executives have touted lofty plans by Oracle, SoftBank and others to invest heavily in artificial intelligence since his return to the White House earlier this year. On Wednesday, Trump slapped steep duties on leading technology equipment suppliers including 34% on China, 32% on Taiwan and 25% on South Korea while imposing a 10% baseline tariff on all imports to the U.S.

A total of 682 Indian nationals has been deported from the US since January 2025 till date, the minister said in a written response to a question. «The vast majority of these deportees had attempted to enter the U.S. illegally, but were apprehended at the US border itself and thereafter deported to India after due verification. As such, these deportations may not have any impact on the overall remittance flows to India,» he said.

husband who was married on May 11, 2003 experienced a very challenging time in his life when his wife persistently harassed and threatened him with suicide for about 15 years. The irony is he had supported his wife to get an MSC degree from the New York Institute of Technology, U.S.A. The mental health of this now middle-aged husband broke down to such a degree, that he resigned from his job at TCS (Tata Consultancy Employee) and chose to stay at home. The reason for his resignation, as written by him to the company’s HR was constant and repeated harassment, suicidal threats and physical cruelty performed by his wife.

Ministry of External Affairs (MEA) on Friday said there has been a rise in the number of instances of the Hindu temples being defaced with anti-India graffiti in the US in recent months. This information was shared by Union Minister of State for External Affairs Kirti Vardhan Singh in response to a written question in the Lok Sabha about the steps taken by the government to protect the Hindu temples in the US. «In recent months, there has been a rise in the number of instances of Hindu temples being defaced with anti-India graffiti in the United States of America,» he said. Singh said the government of India «accords highest priority to the welfare, safety and security of Indian citizens and the Indian community abroad». «All incidents of attack and vandalization of temples and places of worship are immediately taken up with the host government through diplomatic channels,» he added.

Subscribe to enjoy similar stories. US President Donald Trump is showing America’s trading partners no mercy. If they export a lot to the US, it will tariff them back—by half.

import duties on Indian goods from April 9, domestic exporters on Friday said they have started talks with their American buyers on ways to absorb these heavy taxes. According to them, communications between the Indian suppliers and American buyers have already started moving as these duties would hurt exports and job creation. «We have to talk to them about how to handle this unprecedented situation,» Federation of Indian Export Organisations (FIEO) President SC Ralhan said. The Ludhiana-based hand tool (an engineering sector item) exporter also said that the sector will not be able to absorb the high duties because of the high steel cost in the domestic market. «Over this, the government is considering imposing a safeguard duty, which they should reconsider. The US duty will impact demand,» Ralhan said, adding that certain steel prices in India have jumped from USD 50,000 per tonne to USD 55,000 per tonne in the last five days only.