Canadian Prime Minister Mark Carney Canada suspended trade talks with the United States on Saturday, citing that Washington had pushed for too many concessions in the final stages of negotiations, prompting Ottawa to recall its negotiators back home. Summing up Ottawa’s position, Prime Minister Mark Carney said, “We are masters in our own home.”He added … Read more
China’s luxury market slumps as tax crackdown on offshore wealth hits spending by the country’s richest consumers Global luxury brands are facing a deepening sales slump in China, as the country’s campaign to tax offshore wealth sends ripples from stock markets to casino floors and dampens spending by the country’s richest consumers. Sales at the … Read more
Indian banks raise $72.8 billion in foreign-currency funds under RBI’s special swap facility as forex inflows surge MUMBAI: Banks have mobilised $72.8 billion of foreign-currency inflows under RBI’s special swap facility as of Aug 21, with the pace of mobilisation accelerating sharply in recent weeks. Foreign currency non-resident (bank) or FCNR(B) deposits accounted for $65.4 … Read more
Up until now, the Amrit Bharat Express has been a non-AC long-distance passenger train. After upgrading train travel for the common man with Amrit Bharat Express, Indian Railways is now set to introduce air-conditioned coaches in the Amrit Bharat 3.0 Express, expected to be rolled out this financial year.Up until now, the Amrit Bharat Express … Read more
Pressure on lending yields and margins will remain key monitorables (file photo) India’s non-banking financial companies (NBFCs) are likely to maintain steady growth in the near to medium term, with credit demand remaining healthy despite geopolitical uncertainties, according to brokerage firm 360 ONE Capital.The brokerage said management teams have retained their FY27 and medium-term growth … Read more
The lawsuit alleges that Meta designed and monetised Facebook & Instagram to encourage compulsive use among young people (representative image) Meta is facing a landmark legal challenge in the US that could have far-reaching implications for how Facebook and Instagram are designed and operated, after 29 states accused the company of deliberately creating products that … Read more
Carney has ordered his trade negotiators to come back after suspending all negotiations with US The United States called the collapse of three days of intensive trade talks with Canada a “missed opportunity”, as Ottawa suspended negotiations and ordered its team to return, as Washington imposed 50 per cent tariffs on Canadian goods.US Trade Representative … Read more
Canada Prime Minister Mark Carney said that they tried negotiating but didn’t work out (File photo) Canada has suspended trade negotiations with the United States, Prime Minister Mark Carney said, after last-minute changes to Washington’s proposed terms were deemed “unfair” and “uneconomic”.Carney said the decision followed recent progress in talks but added that it had … Read more
2.8 million Tesla vehicles will be recalled over emergency door opening situation in China Tesla and eight Chinese automakers are recalling about 4.3 million vehicles in China after regulators raised concerns that occupants could struggle to open their doors during emergencies, making it the country’s largest automotive recall.The action included recalling 2.8 million Tesla vehicles, … Read more
Mid-size SUVs’ market share rises to 18.2% as premiumisation reshapes India’s car market CHENNAI: Indian car buyers’ love for sports utility vehicles (SUVs) is moving up the price ladder. After years in which compact SUVs powered the country’s shift away from hatchbacks and sedans, mid-size SUVs are now taking a bigger slice of the passenger … Read more