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A preliminary March survey of consumers showed sentiment sank by more than projected, while long-term inflation expectations jumped as the Trump administration pushes forward with higher duties on foreign goods just as price pressures showed signs of easing. Meanwhile, the UK economy shrank unexpectedly at the start of the year on weaker manufacturing and construction. In China, the economy remains hamstrung by persistent deflation.

NASA astronaut Sunita Williams and her crewmate Butch Wilmore are finally set to return to Earth after spending nine months aboard the International Space Station (ISS). Their return has been made possible by the launch of SpaceX Crew-10, which lifted off from Kennedy Space Center on Friday night as part of NASA’s Commercial Crew Program. The newly launched crew will replace the current astronauts, ensuring a smooth transition before Williams and Wilmore head back home. NASA in collaboration with Elon Musk's SpaceX will send its crew into space on March 12 to bring back the stranded astronauts. Excited about their homecoming, Sunita Williams and Butch Wilmore shared their excitement about returning to Earth in a press conference. The duo have spent months in space since after their Boeing Starliner spacecraft encountered several technical glitches and returned home without them. ALSO READ: Trump layoffs strike NASA: Will space agency job cuts impact its future projects? Check details

iDEX award from the Ministry of Defence. «In a major step towards strategic autonomy, Pravaig has won the prestigious iDEX Award for its VEER Electric Tactical All-Terrain Vehicle (E-TATV) — a cutting-edge, highly stealthy vehicle designed for forward patrolling, reconnaissance, and ISR operations,» Pravaig Dynamics said in a post on X. Atima Corporation, a wholly-owned subsidiary of Pravaig, won the iDEX Award by the Defence Innovation Organisation (DIO), under the aegis of the Department of Defence Production in the Ministry of Defence, «for deepening India's sovereignty by building cutting-edge defence technologies and reinforcing the country's strategic autonomy.» The scheme for iDEX-Innovations for Defence Excellence was launched in May 2021 by DIO to foster innovation and technology development in the Defence sector. The mission is to build, own and operate India's defence technology. The award is considered the first step towards induction into Indian Defence Services. Pravaig said technology dependency on foreign entities proved to be an Achilles' heel for not just Ukraine, but even for India, as evidenced by the GPS denial by the US during the Kargil War.

Donald Trump launched a full-fledged large-scale military strikes against Yemen's Iran-aligned Houthis on Saturday over the group's attacks against Red Sea shipping, killing at least 24 people at the start of a campaign expected to last many days. At least 21 people were killed after Trump ordered large scale military strikes against Houthis on Saturday. The action follows the group's attacks on Red Sea shipping, which Trump vowed to stop, warning that «hell will rain down» on the Houthis if they continue.

Trump on Saturday invoked the Alien Enemies Act for the first time since World War II, granting himself sweeping powers under a centuries-old law to deport people associated with a Venezuelan gang. Hours later, a federal judge halted deportations under Trump's order. The act is a sweeping wartime authority that allows non-citizens to be deported without being given the opportunity to go before an immigration or federal court judge. ALSO READ: Trump invokes the 18th-century Alien Enemies Act

Trump on Saturday invoked the Alien Enemies Act of 1798, claiming the United States was being invaded by a Venezuelan gang called Tren de Aragua. This rarely used war-time law grants the president broad powers to expedite mass deportations, potentially advancing Trump's aggressive immigration crackdown. Trump asserted that Tren de Aragua was acting on behalf of Venezuela's government, describing the gang as a hostile force that poses a serious threat to the United States. «Over the years, Venezuelan national and local authorities have ceded ever-greater control over their territories to transnational criminal organisations, including TdA,» Trump's statement read. «The result is a hybrid criminal state that is perpetrating an invasion of and predatory incursion into the United States.» Hours after Trump’s proclamation, US District Court Chief Judge James E. Boasberg issued an emergency order blocking deportations under the 18th-century law. Boasberg intervened after reports emerged that the government had already begun flying deportees to El Salvador and Honduras for detention.

US recession fears and tariff wars, unleashed by President Donald Trump. The top 10 laggards in the week gone by include BMW Industries, Triveni Turbine, Veranda Learning Solutions, Jai Corp, Orchid Pharma, Coffee Day Enterprises, Max Estates, EKI Energy Services, Gensol Engineering and K&R Rail Engineering which fell between 16% and 43%.

Indian equities by the Foreign Portfolio Investors (FPIs) continued in the first fortnight of March where they sold shares worth Rs 30,015 crore. The total FII selling in this year so far has been at Rs 1,42,616 crore. In January, FPIs sold shares worth Rs 78,027 crore and followed it up with a sell-off amounting to Rs 34,574 crore in February.

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.

Subscribe to enjoy similar stories. A mineral-rights deal that the Trump administration says will make the U.S. vested in Ukraine’s defense has an instructive historical precedent in Washington’s unofficial oil-for-security pact with Saudi Arabia.

Subscribe to enjoy similar stories. “THE ACTION that is needed has to be bold and determined," declared Ursula von der Leyen, the president of the European Commission, this week. She was talking about how the European Union should respond to Donald Trump’s habit of tearing up supposedly “ironclad commitments", thereby threatening “European values".

This month, many investors feel dazed and confused. No wonder: as the U.S. government flirts with another shutdown and U.S. President Donald Trump intensifies his trade war, indices of economic uncertainty have skyrocketed above even the 2020 pandemic or the global financial crisis of 2008.

Alberta’s proven natural gas reserves have increased nearly sixfold to 130 trillion cubic feet since they were last assessed, according to a new study, giving Canada’s oilpatch leaders something to show off this week at a Texas oil summit in hopes of turning heads and capital flows northward.

Donald Trump's wide-ranging trade war rouses fears of recession, global investors have found an unlikely new sanctuary: Chinese equities. Hong Kong's benchmark Hang Seng Index — where many major Chinese companies are listed — is up 17 since Trump entered the White House in January. That compares to an about 9 per cent drop in the S&P 500, which has also shed $4 trillion in market value from record highs last month, Reuters reported. Trump's erratic pronouncement on tariffs and moves to slash federal government spending have challenged assumptions about the appeal of U.S.

The China Securities Regulatory Commission is proposing a 50% pay reduction for fund managers if products overseen by them record a loss or return 10% less than their performance benchmarks, said the people, asking not to be identified discussing a private matter. Such pay cuts are part of a long-term assessment mechanism the regulator is trying to establish, the people said, adding it was not clear what time frame it would be applied over. Under the draft plan, fund returns will account for at least half of the weighting in senior management's evaluation, while other metrics such as the firms' size and ranking will become less important, the people said. The proposal has yet to be finalized and may change, they added. The CSRC didn't respond to a request for comment. The sweeping measures come as policymakers seek to attract more long-term capital into the nation's stock market amid slowing economic growth and an escalating trade war with the US. China's benchmark CSI 300 Index has gained about 1.7% this year.

«In the days to come, you should expect more visas will be revoked as we identify people that we should have never allowed in,» Rubio told reporters following a meeting of G7 foreign ministers. The Trump administration is moving to deport Mahmoud Khalil, a permanent legal resident of the United States who recently graduated from Columbia University and had helped lead high-profile campus protests against Israel's war in the Gaza Strip.

The crimes were perpetrated as part of a systematic, widespread attack against civilians, the UN's Independent International Commission of Inquiry on Ukraine said in a new report to be formally presented next week. «The commission has concluded that Russian authorities committed enforced disappearances and torture as crimes against humanity,» the report said. «Both were perpetrated as part of a widespread and systematic attack against the civilian population and pursuant to a coordinated state policy,» it added. The categorical nature of that statement was unusual for UN investigators.

Mark Carney, who navigated crises when he was the head of the Bank of Canada from 2008, and then in 2013 when he became the first noncitizen to run the Bank of England — helping to manage the worst impacts of Brexit in the U.K. — will now try to steer Canada through the trade war brought by Trump. Mark Carney's path to the top job in Canadian politics has been unusual but, as he said when he launched his campaign to succeed Prime Minister Justin Trudeau, so are the circumstances. Former central banker Mark Carney was sworn in as Canada’s new prime minister on Friday, and will now try to steer his country through a trade war brought by U.S. President Donald Trump, a threat of annexation and an expected federal election. Carney, 59, replaces Prime Minister Justin Trudeau, who announced his resignation in January but remained in power until the Liberal Party elected a new leader. Carney is widely expected to trigger a general election in the coming days or weeks. Carney has called the threats posed by US President Donald Trump «the most serious crisis of our lifetime.»

Diplomats from three countries said they believed they were 99 per cent of the way toward completing a joint statement that would reflect the group's positions. «There is a great deal of unity within the G7,» Canadian Foreign Minister Melanie Joly said Friday. «We talked about many different things.… We support the US proposal for a ceasefire, which is supported by the Ukrainians, and we are waiting for the Russian response.» British Foreign Secretary David Lammy said the group arrived at common positions on Ukraine, the Middle East, wars in Africa and Chinese activity in the South China Sea.

The ruling Liberal Party overwhelmingly backed Carney to replace Justin Trudeau, betting his experience leading two central banks through historic crises will re-assure Canadians facing a potentially devastating trade war. Carney, who turns 60 on Sunday, is a political novice who has never won an elected public office but his campaign skills will be tested soon with Canada likely headed for a general election in weeks. The threats posed by Trump are expected to dominate the vote. The US president has sought to bludgeon Canada, imposing sweeping import tariffs and threatening further levies while claiming the country is not «viable» on its own and should be annexed by Washington.

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.