COST Financial News
15.03 / 20:41
markets
COST
UPS
Citi
reports
Eggs are now the new hottest smuggled item into the US, even more than drugs
From crates of contraband eggs being seized at checkpoints to fines being issued for unauthorized poultry products, eggs have suddenly become one of the hottest black-market items according to a report from The Wall Street Journal. In fact, since October, U.S. Customs and Border Protection (CBP) has recorded more than 3,700 seizures of bird and poultry-related products—a staggering number when compared to just 352 fentanyl seizures in the same period.
15.03 / 17:39
markets
COST
UPS
Research
innovations
reports
Pharmaceuticals
China’s biotech is redrawing the global pharma map; what India can learn
China though it has not got the sensational public attention the AI model received. China’s biotech research is redrawing the global map. The axis of innovation is tilting from the West to Beijing. Scores of small biotech startups, which have sprung up across China over the last decade, are coming up with medical breakthroughs. Impressed by the speed of drug research and new treatment modalities, global pharmaceutical companies are throwing princely sums to buy leads, which have the potential to be drugs. There is a big lesson or two here for India, which has been prioritising generics over innovation. The quiet change in China is stark. Barely two decades ago, it was looked down as a big factory for low-cost production of chemicals and raw materials for the pharmaceutical industry. Now savvy and young scientists, trained in the US and Europe, are regrouping in their home turf. Popularly referred to as sea turtles (which return from the sea to the beach to lay eggs), they come back with their knowledge of science and business. This disruption has become an existential risk for the centuries-old, entrenched American and European pharmaceutical industries.
15.03 / 17:21
15.03 / 11:55
COST
UPS
Provident
Target
Research
Chinese ships are carrying America’s cargo. The US wants to reverse that.
Subscribe to enjoy similar stories. SINGAPORE—In 2002, with China’s shipyards producing just 8% of global commercial tonnage, then-Premier Zhu Rongji challenged his nation. “China," he said, “can hope to become the world’s No.
15.03 / 11:47
COST
Citi
security
Analysis
show
country
Realty firms buy nearly 6,000 acres land during 2022-24 for Rs 90,000 cr to build projects
Real estate developers have acquired 5,885 acres land during 2022-24 for Rs 90,000 crore to build projects amid strong demand for housing and commercial assets, according to JLL India. Real estate consultant JLL India data showed that real estate developers bought 1,603 acres of land in 2022 for Rs 18,112 crore, 1,947 acres in 2023 for Rs 32,203 crore. During 2024, the land acquisition by developers touched 2,335 acres costing Rs 39,742 crore. During the 2022-24 period, real estate developers bought 5,885 acres for Rs 90,057 crore.
15.03 / 11:17
COST
Reddit
cover
travelers
shock
Destinations
yachting
Couple hosts lavish destination wedding — then asks guests to pay Rs 3,600 for dinner
The Reddit post quickly gained traction, with users overwhelmingly criticizing the couple’s decision. «Yikes! That’s super tacky. Welcome dinners should be paid for by the hosts. This is not common,» wrote one user. Another added, «It’s not normal to charge guests for ANY part of a wedding, destination or not. This is weird.»
15.03 / 08:57
markets
COST
DOW
Trade
War
patient
Warren Buffett’s guide to market chaos: 3 investing lessons amid tariff tensions
trade war has rattled Wall Street, pushing the Nasdaq into correction territory, while the S&P 500 and Dow continue to decline. The Atlanta Fed has slashed its first-quarter U.S. growth forecast from a 2.4% expansion to a 2.8% contraction, fueling recession concerns. In his latest annual letter, Buffett called Trump’s tariffs an “act of war” and warned of risks from inflation, rising rates, and global instability. Buffett, known for thriving in market turmoil, has long preached that stock prices ultimately reflect business fundamentals, not short-term sentiment.
15.03 / 01:23
COST
UPS
Software
voice
Interviews
AI tool of the week | Using voice AI to speed up initial job screening
Subscribe to enjoy similar stories. Sorting through hundreds or thousands of resumes and conducting early-stage interviews is challenging and time-consuming. It leads to delays in the hiring process and inconsistent candidate experiences.
15.03 / 00:41
COST
UPS
CEO
Healthcare
cover
Profiles
Rising healthcare costs: Policyholders tap loans to retain health cover
healthcare costs and insurance premiums, many Indians are opting for premium-financing loans to maintain or increase their health coverage. Startups such as Finsall, Bimpay Finsure and InsurFin, which specialise in insurance premium financing, are seeing increasing demand for such loans. Finsall and Bimpay said they get around 7,000 new customers each month. The average loan is for Rs 40,000 and the interest rate ranges from 12% to 16% on a reducing balance basis, depending on the borrower's credit profile.
14.03 / 19:27
markets
COST
economy
wellness
Trade
President
social
Commodities navigate Trump trade turbulence
global commodity markets as they navigate the mounting challenges posed by US President Donald Trump's erratic and inconsistent trade policies. While the media focus on each headline-grabbing announcement and social media post about new and retaliatory tariffs from the US leader and his administration, commodity markets are busy doing what they have done so well in the past, adapting to rapidly changing circumstances. For commodities it's important to make distinctions between those already being affected by Trump's trade policies, those likely to be in the future, and those unlikely to suffer direct impact, but which might feel second-round effects from a slowing world economy. The first group includes steel and aluminium, with Trump's 25% tariffs on all imports of the metals having started. The main impact is likely to be price increases for steel and aluminium in the United States, as domestic producers have limited scope to boost output significantly.
14.03 / 17:17
COST
UPS
band
performer
rock
musician
International
Visa fee hikes and delays hinder international artists from touring the United States
A Japanese rock band opened for a German post-punk trio followed by an alternative group from New Zealand. And that was just day one at the New Colossus Festival, held last week. The six-day event takes its name from the poem cast on the Statue of Liberty, viewed as a welcome message for new immigrants: «Give me your tired, your poor, Your huddled masses....»
14.03 / 16:11
COST
UPS
Citi
Strategy
Traffic
DK Shivakumar 'takes serious responsibility' of IT capital after claiming 'even god can't fix Bengaluru traffic'; Here's proposed plan
Bengaluru's traffic woes overnight, the Congress leader on Thursday outlined a strategy to tackle traffic congestion with large-scale infrastructure projects. «I have taken responsibility of Bengaluru seriously. Unlike New Delhi, Bengaluru is not a planned city. Only areas like Jayanagar, Indiranagar, and Malleswaram have planned layouts,» he told the legislative council.
14.03 / 15:47
COST
UPS
Manufacturing
Trade
President
War
Headlines
From champagne to bourbon, alcohol lands on front lines of global trade war
Subscribe to enjoy similar stories. Alcohol has landed on the front lines of a global trade war, throwing French wines, Irish whiskeys, Kentucky bourbon, Japanese beer and Mexican tequila into the crossfire between the U.S. and its biggest trading partners.
14.03 / 09:13
markets
COST
UPS
Digital
CEO
Mobile
Barcelona
'Please unleash us,' Europe's telcos urge regulators as industry bangs drum for more mega-deals
BARCELONA — Europe's telecommunication firms are ramping up calls for more industry consolidation to help the region compete more effectively with superpowers like the U.S. and China on key technologies like 5G and artificial intelligence.
14.03 / 07:35
COST
Provident
CEO
Doge
Department
Podcasts
$5,000 ‘DOGE dividend’ checks: Who qualifies and will it really happen?
James Fishback, CEO of Azoria, has clarified who would be eligible for the proposed $5,000 DOGE Dividend stimulus checks. Speaking on Steve Ram’s podcast, Fishback explained, «If you file a federal income tax return—if you pay federal income tax, which is to say that you worked—you would receive a DOGE dividend check. That individual and their household would benefit from this payment.» The proposal seeks to use cost savings from the newly formed Department of Government Efficiency (DOGE) to provide direct payments to taxpayers. Backed by President Donald Trump and DOGE head Elon Musk, the initiative claims to reward working Americans by redistributing government savings.
14.03 / 06:31
COST
Metro
reports
Department
recommendations
gatherings
Traffic
Bengaluru auto prices to get more costlier? Rs 40 minimum fare proposal under review
Over the past decade, auto fares have been revised twice. The last revision was in November 2021, when the base fare was set at ₹30 for the first 1.9 km and ₹15 per kilometre thereafter. Before that, fares were last revised in 2013.
14.03 / 06:31
markets
COST
Target
Aviat
Remark
performer
International
InterGlobe Aviation among 2025’s best stocks? Hemang Jani thinks so
Hemang Jani expressed a strong bullish stance on InterGlobe Aviation-held IndiGo, stating that the stock should be a core holding in investor portfolios. Highlighting key growth drivers, he pointed to upcoming infrastructure developments and operational advantages that position the company favorably in the aviation sector. «This (IndiGo) has to be the allocation stock and could be one of the best performing stocks in 2025,» Jani remarked in his interaction underscoring the potential upside for investors looking to capitalize on growth in the aviation sector.
14.03 / 05:25
COST
security
ICE
WhatsApp
country
International
Trump spends $200 million on self-deportation campaign as immigration raids lag
Faced with the logistical and financial limits of mass deportations, the Trump administration has turned to a $200 million media campaign aimed at persuading undocumented immigrants to leave the US voluntarily. Branded “Stay Out and Leave Now,” the effort combines the ad blitz with a self-reporting departure app launched this week, and warnings from Homeland Security Secretary Kristi Noem that those who don’t leave will be caught and permanently barred from returning.
14.03 / 03:37
14.03 / 00:51
markets
COST
Target
show
social
Ola Electric’s scooter deliveries hit as it renegotiates contracts with vehicle registration agencies to cut costs
Subscribe to enjoy similar stories. Ola Electric Mobility Ltd’s decision to renegotiate contracts with two of India’s largest vehicle registration agencies last month has resulted in prolonged delays in the deliveries of its scooters, according to store managers and complaints posted by buyers on social media. The waiting period for the company’s electric scooters increased to 20-45 days from 5-7 days before February, managers at seven Ola Electric stores across New Delhi, Mumbai and Bengaluru told Mint.
14.03 / 00:35
COST
Binance
Fox
Align
Trade
President
reports
Donald Trump blasts Rupert Murdoch for ‘Polluted Thinking’ after WSJ’s explosive report on his family business; here's what the newspaper wrote and why the president got irritated
Donald Trump launched a scathing critique of the Wall Street Journal, accusing the publication of promoting “globalist” and “antiquated” agendas after it reported on his family’s alleged negotiations with crypto exchange Binance, as per Daily Mail UK. The report revealed discussions involving the Trump Organization potentially acquiring a stake in Binance, whose founder, Changpeng Zhao, recently served prison time for money laundering violations and sought a presidential pardon.
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