Economic News

U.S.-China Trade War Revival Opens New Doors for Indian Exporters

By Harshit | October 11, 2025 | New Delhi, India The renewed trade conflict between the United States and China could deliver a major boost to Indian exporters, as soaring tariffs on Chinese goods push American buyers to seek alternative suppliers. With U.S. President Donald Trump announcing a sweeping 100% tariff on Chinese exports, Indian […]

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U.S. Port Fees on Chinese-Made Vessels Spark Industry Confusion, Prompt Financing Shifts

By Harshit | October 10, 2025 | New York, 8:45 AM EDT As U.S. port fees targeting Chinese-made vessels are set to take effect next week, global shipping companies and ocean carriers face widespread uncertainty about how the rules will apply to vessel financing arrangements. The U.S. Trade Representative (USTR) fees could affect ships financed

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IMF Chief Warns: “Buckle Up, Uncertainty Is the New Normal” as Global Economy Faces Fresh Risks

By Harshit | Washington, D.C., October 10, 2025 | 8:30 AM EDT A Stark Warning Ahead of IMF Annual Meetings The head of the International Monetary Fund (IMF), Kristalina Georgieva, has issued one of her strongest warnings yet about the precarious state of the global economy, cautioning that “uncertainty is the new normal.” Speaking ahead

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Fed Minutes Reveal Split Over Rate Cuts as Labor Market Shows Strain

By Harshit Washington, D.C., 9 OCTOBER , 2025 – 8:30 AM EDT Federal Reserve policymakers in September were strongly inclined toward further interest rate cuts, though the details of how many remain up for debate, according to minutes of the latest Federal Open Market Committee (FOMC) meeting released Wednesday. The summary revealed near unanimity that

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Novo Nordisk to Acquire Akero Therapeutics in $4.7 Billion Deal, HSBC Pushes Hang Seng Privatization

By Harshit | October 9, 2025 | London LONDON — Shares of Novo Nordisk slipped 1.1% on Thursday after the Danish pharmaceutical giant confirmed plans to acquire U.S. biotech company Akero Therapeutics in a deal worth nearly $5 billion, underscoring the drugmaker’s continued expansion into high-value therapies. Novo Nordisk Expands with Akero Buyout The acquisition

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Christmas Tree Shortage Looms as Tariffs Drive Up Holiday Prices and Cut Imports

By Harshit | October 8, 2025 | New York Import Shortages Threaten Holiday Supply NEW YORK — The joy of holiday decorating may come with a higher price tag this year. Retailers across the U.S. are bracing for a Christmas tree shortage, with tariffs and supply chain constraints leading to fewer artificial trees, wreaths, and

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European Stocks Rise as EU Steel Tariffs Shake Auto Industry and Boost Steelmakers

By Harshit | October 8, 2025 | London EU Tariff Announcement Sparks Market Reactions LONDON — European stocks closed higher on Wednesday even as investors weighed the European Union’s decision to impose steep new tariffs on steel imports, a move that has divided industries across the region. The pan-European Stoxx 600 index rose 0.6% by

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Military Paycheck Looms as Key Pressure Point in Ongoing U.S. Government Shutdown

By Harshit | October 7, 2025 | Washington WASHINGTON — The U.S. government shutdown entered its second week on Tuesday, showing little sign of resolution. But an approaching deadline for military paychecks is emerging as a potential game-changer in the standoff between Congress and the White House. Analysts warn that the Oct. 15 payroll date,

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European Stocks Edge Higher as France Faces Political Turmoil After PM Lecornu’s Resignation

By Harshit | October 7, 2025 | London | 12:10 PM BST LONDON — European stocks traded slightly higher on Tuesday as investors closely monitored political uncertainty in France following the surprise resignation of Prime Minister Sebastien Lecornu, less than a month into his tenure. Market Overview By 12:10 p.m. London time (7:10 a.m. ET),

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IRS Leadership Shake-Up: Scott Bessent to Stay as Commissioner with Frank Bisignano as Deputy

By Harshit Kumar Siddharth | October 6, 2025 | Washington, D.C. | 10:00 AM EDT The U.S. Treasury Department confirmed a significant IRS leadership shake-up on Monday, as Treasury Secretary Scott Bessent will remain the commissioner of the Internal Revenue Service, while Frank Bisignano takes on a newly created top deputy role. The announcement comes

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