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economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
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.»
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Milei has repeatedly and publicly lauded Trump. He has posted doctored images of them embracing. He has gifted Musk a custom chain saw. And when Milei became the first world leader to visit Trump after the US election, he danced around Mar-a-Lago and told the crowd, «Today the world is a much better place.»
Carlos Kikuchi, a conservative talk radio host in Argentina who helped run Milei's campaign, said that, to the Argentine leader, «having such a smooth
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Subscribe to enjoy similar stories.Pain is invisible; the sufferer has to make noise for it to be acknowledged, treated or accepted. Mumbai-based artist Koshy Brahmatmaj, 34, lives with chronic endometriosis, a painful condition that afflicts millions of women around the world.
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FPIs exit Korea & Taiwan: Is India ready for the flow rotation?
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Subscribe to enjoy similar stories.MUMBAI: India’s listed electronics manufacturers are under pressure to defend profitability as the mobile-phone assembly boom slows, prompting a shift towards higher-value industrial electronics.Investors remained jittery through the last fiscal, driven by concerns that slowing consumer sentiment could weigh on the rapid growth that electronics manufacturing services (EMS) firms have delivered so far.In an interview with Mint, Jasbir Singh Gujral, managing director of Syrma SGS Technology Ltd, India’s second-largest listed EMS firm, said, “We’re increasingly looking to capture a larger chunk of contracts from defence, aerospace and med-tech verticals, all of which represent opportunities for original design manufacturing, and also bring significantly higher margins. We’ve already started this transition, and we plan to do more of it this fiscal.”Beyond mobile phones and laptops, EMS firms are expanding into smart metres for electricity boards, aerospace and defence subsystems, railway safety instrumentation, printed circuit boards and display assemblies, and medical devices deployed in hospitals.India’s annual mobile phone shipments have remained subdued since the covid-19 pandemic, with industry estimates pointing to a single-digit decline this calendar year from 152 million smartphones shipped last year.The margin pressure driving this shift is increasingly visible.In FY26, Syrma SGS reported an operating margin of 7.1%, up 2.3 percentage points.
