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05.04 / 04:11
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Inside Elon Musk’s shock-and-awe months in the White House
Subscribe to enjoy similar stories. WASHINGTON—In the end, all it took to oust Postmaster General Louis DeJoy, whom President Trump appointed in his first term, was a nudge from Elon Musk. During a Friday meeting last month at Trump’s Bedminster, N.J., club, Musk complained to the president that DeJoy was resisting his cost-cutting efforts at the U.S.
05.04 / 03:43
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Tamil Nadu BJP president K Annamalai opts out of 'state leadership race' ahead of party's internal polls
K Annamalai on Friday announced that 'he is not in the race' to become the next state unit chief. «There is no contest in Tamil Nadu BJP; we will select a leader unanimously. But I am not in the race. I am not in the BJP state leadership race,» Annamalai said while speaking to reporters here today. The tenure of K Annamalai as the Tamil Nadu state President ended a few months back as per the party laws and is currently continuing in the position until the next chief is elected. The state party Presidency elections are likely to take place on the 9th and 10th of this month. They will be headed by the state party in charge and leaders from Delhi. Earlier, AIADMK general secretary Edapaddi K Palaniswami met Union Home Minister Amit Shah in New Delhi a few days back, which gave rise to speculations of an alliance between the two parties once again.
05.04 / 03:43
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Pete Hegseth to travel to Panama for meetings following Trump's demands for canal
Sean Parnell, chief Pentagon spokesman, said Friday that Hegseth will participate in the 2025 Central American Security Conference. He said Hegseth will take part in meetings that «will drive ongoing efforts to strengthen our partnerships with Panama and other Central American nations toward our shared vision for a peaceful and secure Western Hemisphere.» He did not mention the canal, which was built by the US in the early 1900s as it looked for ways to facilitate the transit of commercial and military vessels between its coasts. Washington turned control over to Panama on Dec. 31, 1999, under a treaty signed in 1977 by President Jimmy Carter. Trump has claimed that Carter «foolishly» gave the canal away. After Trump's threats, a Hong Kong-based conglomerate has agreed to sell its controlling stake in a subsidiary that operates ports near the Panama Canal to a consortium including BlackRock Inc., effectively putting the ports under American control. The deal will give the U.S. investment management company BlackRock Inc. control over 43 ports in 23 countries, including the ports of Balboa and Cristobal, located at either end of the Panama Canal. Other ports are in Mexico, the Netherlands, Egypt, Australia, Pakistan and elsewhere.
05.04 / 03:43
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Donald Trump, tariffs and China's counter punch: Anand Mahindra urges India to grab this opportunity
trade tariffs, industrialist Anand Mahindra believes India is being overlooked — and that could be a big mistake. On Wednesday, U.S. President Donald Trump announced sweeping reciprocal tariffs on global trade partners, including a 34% duty on Chinese goods. In response, China hit back with a 34% tariff on all imports from the U.S., escalating fears of a prolonged trade war. While the spotlight has largely remained on China, the U.S. also slapped a 26% reciprocal tariff on Indian goods, citing high import duties imposed by New Delhi. Amid this global shake-up, Mahindra sees an opening for India. Taking to X, the Mahindra Group Chairman said that while most global forums are focused on how China may benefit or retaliate, India remains a “non-topic of discussion." However, he argued that India is poised to become the world’s third-largest economy and, as the world’s largest democracy, is uniquely positioned thanks to its vast domestic consumption and strong supply chains. Mahindra also called for a “measured reaction” to tariffs, urging India to adopt smart policies that help it emerge as the world’s most reliable economic partner — and a key pillar in a new, multipolar global order.
05.04 / 03:43
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Elon Musk lost $11B—and he wasn’t even the biggest loser: Trump’s tariffs obliterate $208B in billionaire wealth
At the centre of the storm was Meta CEO Mark Zuckerberg, who lost a staggering $17.9 billion in a single day. The tech mogul now stands at $189 billion in total wealth, down $18.6 billion in 2025 alone, according to the Bloomberg Billionaire Index. Amazon founder Jeff Bezos came in close behind, shedding $15.9 billion. Elon Musk, Tesla chief and a close Trump ally through his advisory roles and links to the Department of Government Efficiency (DOGE), was third on the list. He saw $11 billion wiped off his wealth overnight, bringing his total losses for 2025 to over $110 billion. “This is not just a tech correction. It’s a direct consequence of aggressive policy moves that are shaking investor trust,” said David Bahnsen, Chief Investment Officer at The Bahnsen Group, speaking to Reuters.
05.04 / 03:43
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Marathon US Senate session under way over Trump's sweeping tax, budget steps
U.S. Senate began an overnight "vote-a-rama" marathon on Friday aimed at eventually handing Republican President Donald Trump sweeping legislation to extend tax cuts and achieve budget reductions in the face of staunch Democratic opposition. Republicans and Democrats were due to vote on dozens of amendments aimed at altering a budget framework for Trump's tax, border, immigration and military agenda, with a vote to pass the resolution expected in the pre-dawn hours of Saturday. Congress needs to pass the budget resolution to unlock a fast-track procedure to circumvent Democratic roadblocks and enact Trump's legislation in the months ahead. If the Senate approves the measure, it will move to the House of Representatives for consideration next week. Trump is pushing hard for Republicans, who narrowly control both chambers, to hand him what he calls «one big beautiful bill» that also would pay for additional resources for securing the U.S. border with Mexico, deporting immigrants and bolstering the military. Some Republicans said the path forward for Trump's agenda could be complicated by recession worries if financial markets continue to reel over the president's tariff policy.
05.04 / 02:37
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President Trump’s mindless tariffs will cause economic havoc
Subscribe to enjoy similar stories. IF YOU failed to spot America being “looted, pillaged, raped and plundered by nations near and far" or it being cruelly denied a “turn to prosper", then congratulations: you have a firmer grip on reality than the president of the United States. It’s hard to know which is more unsettling: that the leader of the free world could spout complete drivel about its most successful and admired economy.
05.04 / 02:37
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The week in charts: Trump tariffs, Vodafone Idea's second bailout, PMI cheer
Subscribe to enjoy similar stories. US President Donald Trump announced sweeping reciprocal tariffs on nearly all US trade partners on Wednesday, including a 26% tariff on India. Meanwhile, the government offered another lifeline to debt-ridden Vodafone Idea by converting some of the company's dues into equity.
05.04 / 01:53
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Zelenskyy blames Putin for rejecting ceasefire after 16 killed in Russian strikes on Ukraine's Kryvyi Rih
Ukrainian President Volodymyr Zelenskyy on Saturday confirmed that the death toll from recent Russian strikes has reached 16 in Kryvyi Rih, including six children, while five others were killed in Kharkiv following a targeted drone attack. He further said that 34 people were also injured in the strike, which involved six «Shahed» drones. Sharing a post on X, Zelenskyy wrote, «Rescue operations are currently underway in Kryvyi Rih following a Russian missile strike. As of now, 16 people are confirmed dead, including six children. In Kharkiv, rescue efforts continued all day after a targeted Russian drone strike. A deliberate attack by six „Shahed“ drones. Sadly, five people were killed. Thirty-four were injured. My condolences to all the families and loved ones. In Kherson — another targeted strike by a Russian FPV drone hit an energy facility — the Kherson thermal power plant.» He further said, «These strikes cannot be accidental — the Russians know exactly what they're hitting. They know these are energy facilities that should be protected from attacks under what Russia itself promised to the American side. Every Russian promise ends with missiles or drones, bombs or artillery. Diplomacy means nothing to them.»
05.04 / 01:53
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That Sinking Feeling: Stocks swoon as tariff reality hits investors hard
Indian equities were swamped by a wave of selling that swept riskier assets globally on Friday, tracking Wall Street's overnight slump-the worst since 2020-in response to US President Donald Trump's reciprocal tariff regime that has led to fears about a global downturn. NSE Nifty fell 1.5%, or 345.65 points, to finish at 22,904.45. BSE Sensex dropped 1.2%, or 930.67 points, to 75,364.69. The slump wiped out ₹10 lakh crore in market value Friday.
05.04 / 01:53
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Taiwan detects 12 Chinese aircraft sorties, six naval vessels near its territory
Of the 12 aircraft sorties, nine crossed the median line of the Taiwan Strait and entered Taiwan's southwestern and eastern Air Defense Identification Zones (ADIZ). In a post on X, the MND wrote, «12 sorties of PLA aircraft and 6 PLAN vessels operating around Taiwan were detected up until 6 a.m. (UTC+8) today.» It added, «9 out of 12 sorties crossed the median line and entered Taiwan's southwestern and eastern ADIZ. We have monitored the situation and responded accordingly.»
04.04 / 23:01
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Emanuel Macron’s Elysée Palace antics exposed: Bombshell book claims president drenches in cologne, sports ugly sunglasses to dominate guests
From overwhelming perfume to clumsy sunglasses, the French president's quirky habits may be more than mere personal quirks; they may be deliberate shows of strength. French President Emmanuel Macron's image management seems to be designed to reinforce charisma, control, and presence, blending political theater and personal branding in a distinctly French manner. According to a shocking new book, Emmanuel Macron makes fun of his aides by wearing «industrial amounts» of cologne and carrying a box of «ugly» sunglasses.
04.04 / 23:01
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Volkswagen to add 'import fee' to cars sold in US
Volkswagen, the German automaker, has told its car dealers that it plans to add an import fee later this month to the price of imported cars sold in the United States. The company's move is one of the first and clearest examples of automakers using price increases to deal with the 25% tariffs President Donald Trump imposed on car and auto parts imports. The tariffs on vehicles went into effect Thursday, and the levies on parts will become effective May 3. In a Tuesday memo to dealers, Volkswagen said that the exact fees would be determined by the middle of April. The New York Times reviewed a copy of the memo. The automaker also told dealers it planned to cut back on sales incentives and had halted rail shipments of cars to the United States from its plants in Mexico, although shipments by sea continue. Volkswagen plans to hold cars that are subject to the tariffs in port for «the near term.» It also told dealers that the price of the Volkswagen Atlas sport utility vehicle, which is made in Chattanooga, Tennessee, could be affected by the tariffs because it includes important imported components. The extent of the impact most likely will not be known until May, the memo said. The automaker, including its Audi and Porsche brands, imports almost all the cars it sells in the United States. Besides the Atlas, Volkswagen also assembles the ID.4 electric sport-utility vehicle in Tennessee.
04.04 / 19:41
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As the U.S economy goes up in flames following Liberation Day tariffs, Donald Trump jets off to watch golf in Miami
Donald Trump arrived in Miami for a weekend of golf and appearances. Even though Marine One experienced an unanticipated delay when it appeared that it had two flat tyres at Miami International Airport, President Trump arrived at his Doral golf resort Thursday afternoon for a LIV Golf event, as quoted in a report by CBS News. President Trump planned a weekend of speeches and golf, including time at Mar-a-Lago. Local officials warned drivers about traffic delays near the resort. ALSO READ: White House grounds off-limits as anti-Trump protests loom, forcing postponement of iconic garden tours
04.04 / 19:41
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What's the formula for a good equation with Donald Trump? Flattery
Donald Trump antagonised world leaders across the globe with his most extensive set of tariffs yet, he was scheduled to fly to Florida and potentially see the one leader he has called his «favourite president». That leader, President Javier Milei of Argentina, had flown overnight to receive an award Thursday at a right-wing gala at Mar-a-Lago. Trump was scheduled to also be there late Thursday — Milei said Trump would receive an award, too — and Milei said he hoped the two would meet. It was Milei's 10th trip to the US in 15 months as president, and nearly every time, he has met Trump or Elon Musk. Trump has posited that he is reshuffling US foreign policy strictly around what is good for the United States. So what can be puzzling about his elevation of Argentina to the front row of America's allies — Milei and Italian Prime Minister Giorgia Meloni were the only world leaders onstage at Trump's inauguration — is that the chronically distressed South American nation is not particularly important as an economic or geopolitical partner. Instead, through Milei, Argentina has offered Trump something else he appears to crave: adoration. «I love him because he loves Trump,» Trump said of Milei in a speech last year. «Anybody that loves me, I like them.»
04.04 / 19:19
04.04 / 19:17
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Budget Session: Over 100% productivity in Lok Sabha, Rajya Sabha; 6 Bills passed amid debates, protests
Motion of Thanks to the President's Address, Union budget and the Waqf (Amendment) Bill, 2025. A total of 16 Bills were passed in this session. Though the Opposition registered its protests over issues, it refrained from forcing adjournments and chose to stage walkouts or attack the government through debates on most occasions. Rajya Sabha ex-officio Chairman Jagdeep Dhankhar informed the House in his concluding address on Friday that productivity of the session was 119% (PRS Legislative Research data puts it at 112%).
04.04 / 19:17
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White House grounds off-limits as anti-Trump protests loom, forcing postponement of iconic garden tours
White House is being pushed back by one day. With a major anti-Trump rally expected to draw thousands to D.C. on Saturday, officials have postponed the garden tours that were scheduled for that day, citing safety and crowd concerns around the White House.
04.04 / 18:19
04.04 / 17:29
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electronic
US recalibrates tariff on India to 26%, China fires back with retaliation and WTO complaint
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.
04.04 / 15:33
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Powell sees tariffs raising inflation and says Fed will wait before further rate moves
Federal Reserve Chair Jerome Powell said Friday that he expects President Donald Trump's tariffs to raise inflation and lower growth, and indicated that the central bank won't move on interest rates until it gets a clearer picture on the ultimate impacts.
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