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28.03 / 10:19
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Carney says Trump’s office reached out to schedule a call as trade war continues
Liberal Leader Mark Carney is set to have his first phone conversation with United States President Donald Trump in the coming days, and Trump’s commerce secretary said Canada may get some reprieve from automobile tariffs.
28.03 / 10:19
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Trump tariffs on Canadian lumber risk toilet paper supply
President Donald Trump’s promised tariffs on softwood lumber risk disrupting the supply chain for something nobody wants to be caught without: toilet paper.
28.03 / 10:19
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Trump's global shakeup is complicating life for Canada's $2-trillion pension giants
Ontario Teachers’ Pension Plan Board chief executive Jo Taylor and his investing team usually rely on a lot of real-world data when determining where to allocate billions of dollars of investment money on behalf of retirees. But United States President Donald Trump’s flurry of edicts that threaten to upend global trade and geopolitical alliances makes it hard to know what data points they should even be looking at.
28.03 / 09:35
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RBI Governor calls on President Murmu at Rashtrapati Bhavan
Reserve Bank of India (RBI) Governor Sanjay Malhotra called on President Droupadi Murmu at Rashtrapati Bhavan on Friday. «Shri Sanjay Malhotra, Governor, Reserve Bank of India, called on President Droupadi Murmu at Rashtrapati Bhavan,» the President of India posted on X. Earlier on March 26, Reserve Bank of India (RBI) Governor Sanjay Malhotra raised concerns over threats from money laundering and terror financing to the national and global financial systems, which are continuously evolving and becoming more sophisticated. The RBI Governor noted that technological advancements have given strength to money laundering and terror financing activities. «The threats from money laundering and terror financing to the national and global financial systems are continuously evolving and becoming more sophisticated,» RBI Governor Sanjay Malhotra said, speaking at the Private Sector Collaborative Forum of the Financial Action Task Force (FATF).
28.03 / 08:43
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Trump’s auto tariffs will put more pick-up trucks and SUVs on American roads
Subscribe to enjoy similar stories. The manicured lawns of US President Donald Trump’s Mar-a-Lago resort were crammed earlier this month with beautiful vehicles from European luxury brands like Lamborghini, Ferrari and Bugatti. The annual Palm Event was an opportunity for the super-rich to schmooze and show off, but it was also a celebration of automotive excellence, international specialization and consumer choice.
28.03 / 07:13
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Auto, pharma stocks extend rout as Trump’s tariff plan spooks investors
Nifty Pharma index dropping 0.9%, as investors digested U.S. President Donald Trump’s move to impose a 25% tariff on auto imports starting next week. The move drew backlash from global carmakers and stoked fears of escalating trade tensions. Auto stocks extended their two-day decline to 2%. Mahindra & Mahindra shares dropped 2.8% on Friday, while Tata Motors tumbled 6% over the last three sessions amid fears of a 25% tariff on auto exports to the U.S. Analysts warn that Tata-owned Jaguar Land Rover (JLR) could be particularly affected.
28.03 / 07:13
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Putin suggests temporary administration for Ukraine to end war
Putin's comments, during a visit to the northern port of Murmansk, come amid U.S. attempts to forge a settlement to the conflict by re-establishing links with Russia and engaging with both Moscow and Kyiv, in separate talks. The Kremlin leader has been accused by Ukraine and European leaders of trying to prolong ceasefire talks without any serious intent of stopping fighting. Russia's invasion of Ukraine in February 2022 has left hundreds of thousands of dead and injured, displaced millions of people, reduced towns to rubble and triggered the sharpest confrontation for decades between Moscow and the West. Putin's suggestion of a temporary administration appeared to address his long-held complaint that Ukraine's authorities are not a legitimate negotiating partner as President Volodymyr Zelenskiy has stayed in power beyond the May 2024 end of his mandate.
28.03 / 06:13
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Food
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International
Bezos, Gates, and other donors pledge $2 billion to tackle child malnutrition
Subscribe to enjoy similar stories. Nearly a dozen foundations and philanthropists including Amazon founder Jeff Bezos and his parents, Jackie and Miguel Bezos, the Gates Foundation, and the Rockefeller Foundation, pledged more than $2 billion to address global child malnutrition at an event in Paris on Thursday evening. The financial commitments were announced at a Nutrition for Growth Summit event co-hosted by the Washington nonprofit Stronger Foundations for Nutrition—which works with philanthropies globally to direct funding to nutritional interventions—and the OECD Network of Foundations Working for Development.
28.03 / 05:47
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What we lose when the world goes all-in on index investing
When Carol Geremia, president of Boston-based mutual fund company MFS, started in the business 40 years ago, the investing world was in a dark and different place.
28.03 / 05:23
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Pikachu was protesting against Erdogan in Turkey, what happens next will leave you in splits. Watch viral video
Ekrem Imamoglu on charges of alleged links to terrorist organizations. Imamoglu, a key opposition leader and President Tayyip Erdogan’s main political rival, was detained earlier this week. His arrest has led to public outcry, with nearly 1,900 demonstrators reportedly detained during the protests. Viral video of Pikachu costume protester sparks online reactions Amid the ongoing unrest, a viral video has surfaced showing a protester dressed in an inflatable Pikachu costume fleeing from the police. Writer and political commentator Adam Schwarz shared the video on Bluesky, stating, “Pikachu was spotted amongst anti-Erdoğan protesters fleeing from police in Antalya, Turkey last night.” The clip was later reposted on X, where a user joked, “The Pokémon have risen against Erdogan.” According to 404 Media, the video was first captured by Ismail Koçeroğlu, a photojournalist at Akdeniz University in Antalya. Alongside the original footage, an AI-generated image of Pikachu among the protesters has also gained traction on social media. Imamoglu’s response and opposition’s stanceImamoglu, a leading figure in the opposition Republican People’s Party (CHP), addressed the public following his arrest. In a statement on X, he declared, “I will not give up.” His detention has intensified political tensions in Turkey, with opposition supporters rallying against the government’s actions.
28.03 / 05:23
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reports
Bangladesh's Chief Adviser Yunus meets Chinese President Xi Jinping
Chinese President Xi Jinping met with Bangladesh's Chief Adviser Muhammad Yunus here on Friday, official media reported. Yunus, on a four-day visit to China, took part in the country's Boao Forum for Asia Annual Conference in Hainan after his arrival there on Wednesday. He arrived in Beijing on Thursday and was received at the airport by Chinese Vice Foreign Minister Sun Weidong. Gearing up for his meeting with Xi, Yunus called on China on Thursday to reduce interest rates for Chinese loans and waive commitment fees on Chinese-funded projects. In his meeting with the Chinese Executive Vice Premier Ding Xuexiang on the sidelines of the Boao Forum for Asia Annual Conference, Yunus sought Chinese support in an array of development projects, Bangladesh media reports said. He also called for a reduction of interest rates for Chinese loans from three per cent to 1-2 per cent to Bangladesh and sought a waiver of commitment fees on the Chinese-funded projects in Bangladesh. China is Bangladesh's fourth-largest lender after Japan, the World Bank and the Asian Development Bank, with total loans disbursed since 1975 coming to USD 7.5 billion, according to a report in the Daily Star newspaper of Bangladesh.
28.03 / 04:41
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China’s Xi calls on top executives to help restore global order as trade tensions with U.S. rise
BEIJING — Chinese President Xi Jinping on Friday met with global executives and made a case for investing in the country, as Beijing focuses on reaching out to businesses amid escalating trade tensions with the U.S.
28.03 / 03:51
security
President
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peace
Saudi Arabia is the Middle East’s diplomatic capital
Subscribe to enjoy similar stories. Crown Prince Mohammed bin Salman prides himself on strong relations with President Trump, but Mr. Trump’s second term is posing serious dilemmas for the young Saudi leader, known as MBS.
28.03 / 02:33
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Trump executive order on Smithsonian targets funding to programmes with 'improper ideology'
Donald Trump revealed his intentions to reshape the Smithsonian Institution with an executive order on Thursday that targets funding to programmes with "divisive narratives" and "improper ideology". Trump said there has been a «concerted and widespread» effort over the past decade to rewrite American history by replacing «objective facts» with a «distorted narrative driven by ideology rather than truth». He signed an executive order putting Vice President J D Vance in charge of an effort to «remove improper ideology» from the Smithsonian Institution, including its museums, education and research centres and the National Zoo. Trump's order specifically names the National Museum of African American History and Culture and the Women's History Museum, which is in development. «Museums in our nation's capital should be places where individuals go to learn — not to be subjected to ideological indoctrination or divisive narratives that distort our shared history,» the order said. Representatives for the Smithsonian did not immediately respond to an emailed request for comment.
28.03 / 02:33
Career
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Billionaire worth Rs 45,000 cr blasts Gen Z for job hopping every two years and calls it a 'red flag'. Blames the pandemic and parents. Why?
Elizabeth Uihlein has raised concerns over the growing trend of job-hopping among young professionals, stating that the traditional value of workplace stability has significantly declined. According to Uihlein, previous generations prioritized long-term career growth and financial security, but today’s workforce appears more willing to switch jobs frequently. She highlights how young employees at Uline, the packaging and shipping supply giant she leads, often resign before completing two years, posing challenges for companies investing in recruitment and training. She highlights three points- Free Health Insurance One of the key reasons behind this shift, she points out, is the accessibility of free health insurance. Under the Affordable Care Act, young adults can remain on their parents’ health plans until age 26, eliminating a major incentive to stay in one job. Additionally, financial support from parents for expenses like phone bills, car insurance, and streaming services allows many young workers to change jobs without worrying about immediate financial stability.
28.03 / 02:33
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Equality
Customs duty cuts, levy withdrawals an ongoing process, not linked to global events: FM Sitharaman
Nirmala Sitharaman on Thursday said the ongoing process of rationalizing customs duties and withdrawing the 6 per cent equalization levy, which began in 2023, is independent of any global events and will continue. Sitharaman said customs duty reductions are part of India's broader objective to strengthen its manufacturing hub and boost battery and advanced chemistry capacities. Replying to a debate on the Finance Bill 2025 in Rajya Sabha, Sitharaman said, «Consistently, budget after budget, we are coming up with a reduction in duties so that India's aspiration for being a manufacturing hub and India's aspiration in building capacities for battery manufacturing and advanced chemistry is being supported. So, this is a consistent thing.» «I heard quite a few members say, „Oh, the tariff war has started, so in response to the tariff announcements made by President Trump, here we are doing it. No, we have been doing it since 2023, steadily, every year. Newer items are being brought in, keeping in mind Atmanirbhar Bharat and, at the same time, Viksit Bharat's requirements, as well as simplifying the customs duty and compliance details,“ Sitharaman said. »So, this is an ongoing process. It has nothing to do with today's global situation but is a process that will continue even in the future," she added.
28.03 / 02:11
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Japan's Nikkei slumps 1.5% as automakers track US peers lower
automakers tracked losses of their Wall Street counterparts following U.S. President Donald Trump's announcement of trade tariffs. As of 0017 GMT, the Nikkei was down 1.5% at 37,222.21.
28.03 / 02:11
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Canada PM Carney declares end of close US ties, plans talks with Trump amid tariff row
Canada and the United States «is over,» Prime Minister Mark Carney said Thursday, after President Donald Trump announced steep auto tariffs. Trump's planned 25 percent levy on vehicle imports to the United States is to come into force next week and could be devastating for a Canadian auto industry that supports an estimated 500,000 jobs. After Trump's announcement, Carney paused his campaign ahead of Canada's April 28 election to return to Ottawa for a meeting of cabinet members working on tactics in the trade war with the United States. He called Trump's auto tariffs «unjustified,» and said they were in breach of existing trade deals between the countries. He also warned Canadians that Trump had permanently altered relations with the United States and that, regardless of any future trade deals, there would be «no turning back.»
28.03 / 02:11
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Fed's Collins says it is clear tariffs will drive inflation up near term
Federal Reserve Bank of Boston President Susan Collins said on Thursday that Trump administration tariffs will drive up inflation in the U.S. but it is unclear how persistent that upward pressure will be. «It looks inevitable that tariffs are going to increase inflation in the near term» and it seems more likely than not the jump will be short lived, she said in an appearance in Boston.
28.03 / 02:11
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Trump's tariff plans propel safe-haven gold to record high
Gold prices scaled a record peak on Friday as concerns over U.S. President Donald Trump's fresh tariff plans ignited fears of a global trade war, driving a rush towards the safe-haven allure of the precious metal.
28.03 / 02:11
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Reuters
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Dollar hovers ahead of PCE and tariff onslaught
dollar was headed for a steady week on Friday and a quarterly loss next week as concern about tariffs slowing U.S. growth has pushed down U.S. yields, stocks and the currency. The euro, at just below $1.08, was headed for its largest quarterly rise in more than a year, gaining more than 4% since the start of 2025 on a combination of peace prospects in Ukraine, dollar weakness, and a leap in benchmark German yields.
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