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Indian readies for punishing US tariffs
Indian exports to the United States will face some of the highest tariffs in the world this week, barring a last-minute reversal from President Donald Trump. - The United States was India's top export destination in 2024, with shipments worth $87.3 billion.
Asian stocks down after Trump Fed firing, tariff threats
Asian stocks retreated Tuesday after a series of market-rattling announcements by US President Donald Trump, including the unusual firing of a central bank official and threats to impose export controls on microchips. Asian markets started Tuesday broadly lower, tracking drops made the previous day in New York and Europe.
Norway wealth fund divests from Caterpillar over Gaza 'rights violations'
Norway's sovereign wealth fund said Monday that it had divested from US construction equipment firm Caterpillar over purported involvement in rights violations in the Israel-Hamas war. The fund said it had also withdrawn from five Israeli firms for financing the construction of illegal settlements in the Israel-occupied West Bank.
Australia joins countries suspending post to US
Australia joined on Tuesday a string of countries suspending some postal deliveries to the United States, citing a "complex and rapidly evolving situation" with US President Donald Trump's looming tariffs.
Trump moves to fire a Fed governor over mortgage fraud claims
US President Donald Trump moved to fire Federal Reserve Governor Lisa Cook "effective immediately" on Monday, citing allegations of false statements on her mortgage agreements -- as he expanded pressure on the independent central bank. The referral, Trump said, provided "sufficient reason" to believe that Cook might have made "false statements" on one or more mortgage agreements.
Women's NBA could face lockout as union deal deadline looms
Revitalized by Caitlin Clark and other stars and boosted by a new media rights deal, the Women's NBA is struggling to reach a union deal 60 days before the deadline. That led to the WNBA getting $200 million a season starting next year as part of an 11-year media rights deal worth $2.2 billion the NBA signed with Disney, Amazon and NBCUniversal.
Diamond czar Maurice Tempelsman, Jackie O companion, dead at 95
Maurice Tempelsman, a renowned diamond merchant and long-time companion of former US first lady Jacqueline Kennedy Onassis, died in New York, his family said. In 1984 he acquired New York-based diamond jewelers Lazare Kaplan, propelling him onto New York's business and social scene, and quickly becoming one of the world's premier diamond merchants.
Bolivia candidate vows to scrap China, Russia lithium deals
Bolivian right-wing presidential hopeful Jorge Quiroga on Monday vowed to scrap billion-dollar lithium extraction deals struck by the outgoing government with Russia and China if elected leader. In 2023 and 2024 Arce's government signed deals with Russia's Uranium One and China's CBC, a subsidiary of battery manufacturer CATL, to extract lithium from the salt pan.
Musk's xAI sues Apple, OpenAI alleging antitrust violations
Elon Musk's companies xAI and X filed a sweeping US antitrust lawsuit Monday against Apple and OpenAI, alleging the tech giants formed an illegal partnership to stifle competition in artificial intelligence and smartphone markets.
AFP
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