World markets advanced sharply on Monday after US President Donald Trump announced a temporary exemption on electronics—including smartphones, laptops, and computer chips—from new tariffs, offering relief to technology companies and boosting investor confidence.In early European trading, Germany’s DAX surged 2.4% to 20,857.54, France’s CAC 40 rose 2% to 7,245.28, and the UK’s FTSE 100 climbed…
Image used for representative image ADDIS: Ethiopia is conducting forced evictions on an “unprecedented” scale, Amnesty International said on Monday, urging authorities to “immediately pause” urban renewal projects.Prime Minister Abiy Ahmed, in power since 2018, is spearheading a “corridor project” in which streets in the capital and in cities across the country have been renovated…
Mehul Choksi (AP file photo) NEW DELHI: After years on the run, fugitive diamond merchant Mehul Choksi was arrested in Belgium on Saturday. While Indian probe agencies are trying to extradite him to India, Choksi’s legal team has already begun preparing to challenge India’s request for his return.His lawyer, Vijay Aggarwal, said that Choksi’s detention…
Bruno Retailleau, French Interior Minister, is visiting Rabat. He will discuss security with Abdelouafi Laftit, Moroccan counterpart. Talks will cover migration, organised crime, and drug trafficking. Relations between France and Morocco improved after France recognised Moroccan sovereignty over Western Sahara. France’s ties with Algeria have deteriorated. Algeria asked 12 French officials to leave. RABAT: French…
Mehul Choksi (File photo) NEW DELHI: Fugitive diamond merchantMehul Choksi, wanted in connection with PNB scam of around Rs 14,000 crore, was arrested on Saturday in Belgium after a renewed extradition push by Indian probe agencies.His arrest came after years of evading authorities since he fled India in 2018.Choksi, 65, was reportedly detained from a…
Beijing warned Britain on Monday against “politicising” an unfolding spat over the future of Chinese-owned British Steel after legislation was approved to prevent the shutdown of the last British factory that can make steel from scratch. A spokesman for China’s foreign ministry urged the British government on Monday to “avoid politicising trade cooperation or linking…
Mehul Choksi (File photo) NEW DELHI: Absconding diamond merchant and key accused in PNB scam case, Mehul Choksi, was arrested in Belgium on Saturday. However, Indian probe agencies may face a tough road ahead in securing his extradition, as Choksi is expected to cite health reasons in court to resist being brought back to India.The…
Japan seeks quick resolution to US tariffs as profits decline. Economic Revitalisation Minister Ryosei Akazawa will negotiate in Washington this week. He aims to review Trump’s tariffs. Japanese firms are major US investors. Vehicles form a large part of Japan’s exports to the US. Prime Minister Shigeru Ishiba discussed the tariff impact with Singapore’s Prime…
NEW DELHI: Terminal 2 of Delhi Airport will be shut for repairs on April 15 for about four months and Terminal 1 will finally start operating at 100% capacity. Airlines operating flights from this all-domestic terminal will shift to T1. These include IndiGo and Akasa among others.In a statement, IndiGo said ” effective April 15,…
Singapore has lowered its 2025 GDP growth forecast to 0-2% due to the anticipated impact of US tariffs on global trade. The Monetary Authority of Singapore has eased monetary policy in response to economic concerns stemming from the US-China trade war. The trade war is expected to negatively affect global trade, economic growth, and business…
