Washington Financial News
26.03 / 09:41
markets
UPS
Manufacturing
economy
Trade
President
country
India’s confidence in gaining from Trump’s trade distortions is misplaced
Subscribe to enjoy similar stories. India’s policymakers should be drawing up strategies to deal with the new age of trade barriers. Instead, they seem to be looking forward to it with a certain confidence, even optimism.
26.03 / 03:03
Target
Fighting
Remark
Food
President
country
Black Sea deal aimed at Moscow making profit, ensuring food safety, Russia's Lavrov says
Sergei Lavrov said in remarks published late on Tuesday. The United States reached separate deals on Tuesday with Ukraine and Russia to cease fighting in the Black Sea and pause attacks against energy targets, with Washington agreeing to push to lift some sanctions against Moscow. «We want the grain and fertilizer market to be predictable, so that no one tries to 'ward us off' from it,» Lavrov told the Russian state Channel One television. «Not only because we want… to make a legitimate profit in fair competition, but also because we are concerned about the food security situation in Africa and other countries of the Global South.» If implemented, the deal could be the first significant step toward U.S. President Donald Trump's goal to achieve a more encompassing ceasefire in the war in Ukraine that Russia started with its full-scale invasion three years ago.
26.03 / 02:39
markets
UPS
Digital
Google
Trade
country
Google tax: India mustn’t give up on a fair global taxation regime
Subscribe to enjoy similar stories. India’s government seems set to drop its 6% equalization levy on online advertising services rendered to Indian advertisers by offshore digital businesses. This so-called ‘Google tax’—since it impacted this US-based web-search company perhaps the most, though also others like Meta and X—was introduced in 2016, but is abruptly being withdrawn just days before US President Donald Trump’s reciprocal tariffs go into force from 2 April.
26.03 / 00:51
markets
Trade
show
country
electronic
reports
Pharmaceuticals
Will India press for an early harvest in trade talks with US?
Subscribe to enjoy similar stories. India and the US will outline the terms of their trade talks, discuss a schedule for tariff cuts, and work towards an early harvest deal at negotiations that kick off in New Delhi today, three officials aware of the matter said. A US delegation led by Assistant US Trade Representative Brendan Lynch will discuss trade and tariff matters with Indian officials over three days beginning Wednesday, advancing negotiations conducted virtually since an Indian delegation visited the US.
25.03 / 21:13
Career
Patrick
performer
blues
reports
ESPN
NHL
Jakob Chychrun signs 8-year extension with Washington Capitals worth $72 million
Jakob Chychrun on Tuesday re-signed his contract with the Washington Capitals for an eight-year extension worth $72 million. The defenseman, who was acquired by the side in the last offseason, helped them emerge as the top NHL team by delivering offense from the blue line. He has now been signed for a long-term contract with the Washington Capitals, ESPN reported.
25.03 / 21:13
markets
Remark
Election
Opinion
President
Interviews
Relationships
Did Jeff Bezos criticize Washington Post’s employees? US President Donald Trump makes startling revelations
Donald Trump shared his thoughts on Jeff Bezos and the Washington Post in a recent interview. He said Bezos criticized the newspaper’s employees and discussed changes in its opinion section. Trump said he believes Bezos is making efforts to be fair.
25.03 / 10:39
Trade
President
track
country
reports
Pharmaceuticals
India’s US trade deal at risk without fast-track authority: GTRI
Subscribe to enjoy similar stories. NEW DELHI : India is advancing negotiations on a Bilateral Trade Agreement (BTA) with the US—what would typically be called a free trade agreement (FTA)—but a critical gap in Washington’s trade framework threatens to complicate the deal. Unlike past trade agreements, any pact India finalizes could face prolonged scrutiny and potential amendments by US lawmakers, as the country currently lacks Fast Track Trade Authority (FTTA)—a mechanism that allows the US president to negotiate trade deals and present them for a simple up-or-down vote in Congress.
25.03 / 08:43
FIVE
WhatsApp
Features
GT vs PBKS IPL 2025 Predicted Playing 11: From Gill, Siraj, Rashid Khan to Shreyas Iyer, Maxwell, who might make the cut?
Shubman Gill continues to lead the Titans, while Punjab Kings will be captained by Shreyas Iyer, who takes charge after the team's ninth-place finish in IPL 2024. In their five previous encounters, Gujarat Titans have won three times, while Punjab Kings have claimed two victories. With the head-to-head record in GT’s favor, PBKS will be eager to even the tally. Notably, all five matches between the two sides have been won by the chasing team, making the toss a crucial factor in this contest.
25.03 / 02:49
Action
security
President
country
information
A leak reveals Team Trump’s carelessness, and contempt for allies
Subscribe to enjoy similar stories. MANY KNOW the mortification of sending the wrong text message to the wrong person. But when the fat thumb is that of America’s national security adviser, Mike Waltz, the message is a detailed military plan to bomb Yemen and the recipient is a prominent journalist, the error is not just a cause of shame but potentially a serious breach of national security.
25.03 / 01:37
Provident
Racing
Analysis
Bill
President
social
Department
US could run out of cash by July, analysis finds
Bipartisan Policy Center. That deadline, known as the «X-date» — the moment when the United States is unable to meet its financial obligations and might default on its debt — is a fiscal milestone that's among the most closely watched in Washington and on Wall Street. The date is subject to considerable uncertainty. It relies on estimates of how much wiggle room the Treasury has to use accounting maneuvers — known as «extraordinary measures» — to keep paying the government's bills by shifting money around. The Bipartisan Policy Center, a think tank, provided estimates suggesting that the X-date could come as late as the beginning of October. Efforts to address the debt limit will likely consume Congress and the Trump administration later this year as Republicans race to enact trillions of dollars of tax cuts. The debt limit is a cap on the total amount of money that the United States is authorized to borrow to fund the government and meet its financial obligations.
25.03 / 01:09
Target
Action
security
President
War
Courts
rights
Nazis were treated better than Venezuelans deported by Trump, US judge says at hearing
U.S. appeals court judge said on Monday that Nazis were given more rights to contest their removal from the United States during World War Two than Venezuelan migrants deported by the Trump administration. In a contentious hearing, U.S. Circuit Judge Patricia Millett questioned government lawyer Drew Ensign on whether Venezuelans targeted for removal under a little-used 18th-century law had time to contest the Trump administration's assertion that they were members of the Tren de Aragua gang before they were put on planes and deported to El Salvador. «Nazis got better treatment under the Alien Enemies Act than has happened here,» Millett said, to which Ensign responded, «We certainly dispute the Nazi analogy.» Prior to the Trump administration's invocation of the 1798 Alien Enemies Act, the law had been used three times in U.S. history, most recently to intern and remove Japanese, German and Italian immigrants during World War Two. The Trump administration was asking the appeals court to halt Washington-based U.S. District Judge James Boasberg's two-week ban, imposed on March 15, on the use of the law to justify deportation of alleged Tren de Aragua members without final removal orders from immigration judges.
24.03 / 21:59
Action
Remark
film
Freedom
social
Interviews
George Clooney, Donald Trump and Press Freedom: All you may want to know
George Clooney spoke about government interference in journalism during a ‘60 Minutes’ interview. He warned about efforts to limit press freedom and emphasized the role of journalists in holding power accountable. Clooney also defended his public statements on Joe Biden’s leadership. Donald Trump criticized Clooney’s remarks on social media.
24.03 / 13:45
security
President
Experts
information
reports
Department
Donald Trump, Elon Musk's sacking thousands of federal workers raises possible espionage, national security threats from Russia, China, claim experts
Elon Musk work to overhaul the federal government, they’re forcing out thousands of workers with insider knowledge and connections who now need a job, as per a report. For Russia, China and other adversaries, the upheaval in Washington as Musk's Department of Government Efficiency guts government agencies presents an unprecedented opportunity to recruit informants, national security and intelligence experts say, AP reported. Mass layoffs and resignations at the federal government are prompting concerns that a disgruntled former employee may seek to sell secrets to a foreign power. National security experts say that while the overwhelming majority of federal workers are conscientious patriots who would never sell out their country, it would only take one or two informants to cause a significant national security crisis. Counterespionage is a concern even when the federal workforce is stable. But in recent weeks President Donald Trump and Elon Musk’s Department of Government Efficiency have slashed thousands of jobs. National security and intelligence experts say Russia, China and other adversaries will seek to take advantage of the opportunity. “This information is highly valuable, and it shouldn’t be surprising that Russia and China and other organizations — criminal syndicates for instance — would be aggressively recruiting government employees,” said Theresa Payton, a former White House chief information officer under President George W. Bush, who now runs her own cybersecurity firm.
24.03 / 07:31
24.03 / 05:33
Target
security
community
SPY
information
Department
Concerns about espionage rise as Trump and Musk fire thousands of federal workers
Donald Trump and billionaire Elon Musk work to overhaul the federal government, they're forcing out thousands of workers with insider knowledge and connections who now need a job. For Russia, China and other adversaries, the upheaval in Washington as Musk's Department of Government Efficiency guts government agencies presents an unprecedented opportunity to recruit informants, national security and intelligence experts say. Every former federal worker with knowledge of or access to sensitive information or systems could be a target. When thousands of them leave their jobs at the same time, that creates a lot of targets, as well as a counterespionage challenge for the United States. «This information is highly valuable, and it shouldn't be surprising that Russia and China and other organisations — criminal syndicates for instance — would be aggressively recruiting government employees,» said Theresa Payton, a former White House chief information officer under President George W. Bush, who now runs her own cybersecurity firm. Many agencies oversee crucial data Each year an average of more than 100,000 federal workers leave their jobs. Some retire; others move to the private sector. This year, in three months, the number is already many times higher.
23.03 / 15:21
Remark
Election
President
War
information
reports
Putin and Trump may have spoken more than twice, Kremlin says
Trump, who says he wants to be remembered as a peacemaker, has repeatedly said that he wants the three-year conflict in Ukraine to end and has warned of the risks of it escalating into a world war between the United States and Russia. There have so far been two announced phone calls between Putin and Trump this year — on Feb. 12 and on March 18 — though there has been speculation about much more frequent contact, and also reports that they spoke before Trump was elected last year. When asked by the most prominent Kremlin correspondent for state television about remarks by Trump that indicated there may have been more than two calls, Kremlin spokesman Dmitry Peskov said information had been released about those calls he knew of. «Listen, we inform you about the conversations that we are aware of. But we can't rule out everything else,» Peskov said.
22.03 / 03:09
Target
security
Election
President
Experts
Golf
Trump pulls security clearances for Kamala Harris, Hillary Clinton
Donald Trump on Friday took away security clearances for former Vice President Kamala Harris, former Secretary of State Hillary Clinton and others in his latest move against his Democratic opponents. The Republican president, who has also revoked the security clearance for former President Joe Biden, defeated Clinton in the 2016 presidential election and Harris in last year's election. «I have determined that it is no longer in the national interest for the following individuals to access classified information,» Trump said in a late Friday memorandum that also included former Secretary of State Antony Blinken. While the revocations may not have immediate impacts, it is another sign of the growing political rift in Washington as Trump seeks revenge on his perceived enemies. The memorandum was issued hours after Trump arrived at his Bedminster, New Jersey, golf property for the weekend.
21.03 / 14:43
21.03 / 11:25
Cooper
Racing
security
Align
Stealth
peace
Stealth jets, submarines & missiles: Is China giving Pakistan the edge over India in the growing arms race?
Hangor-class submarine to Pakistan, strengthening their long-standing military alliance. The submarine, launched in Wuhan, China, is part of a $5 billion deal for eight such vessels, aimed at enhancing Pakistan’s naval prowess in the Arabian Sea and the Indian Ocean. Armed with cutting-edge weaponry and sensor technology, the Hangor-class submarines signify a shift in regional maritime security dynamics. This naval cooperation aligns with China’s expanding strategic influence, particularly around Pakistan’s Gwadar port in Balochistan, a linchpin of the China-Pakistan Economic Corridor (CPEC). Beijing’s support to Islamabad extends beyond submarines—Pakistan has also received advanced naval frigates, reconnaissance drones, and fighter jets from its closest ally.
21.03 / 02:09
markets
Fallout
Trade
President
show
country
International
Trump trade upheaval leaves foreign central banks guessing
foreign central banks and others confront the spillovers from President Donald Trump's fast-moving effort to rewire international trade. With analysts in the U.S. noting the stagflationary direction of the U.S. outlook — weaker output and higher prices — central banks globally are parsing what the fallout may mean for them.
21.03 / 02:09
UPS
Target
Trade
President
track
Oil set for weekly gain on Iran sanctions, OPEC+ plan to rein in overproduction
Oil prices rose in early Asian trading on Friday, and were set for their second consecutive weekly gains, after fresh U.S. sanctions on Iran and a new OPEC+ plan for seven members to cut output raised bets on tightening supply. Brent crude futures climbed 42 cents, or 0.6%, to $72.40 per barrel by 0026 GMT. U.S. West Texas Intermediate crude futures were up 45 cents, or 0.6%, to $68.52 a barrel.
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