In a rare emergency session on Saturday, UK lawmakers cut short their Easter break to pass legislation rescuing the country’s last fully integrated steel plant from imminent closure.Prime Minister Keir Starmer called the extraordinary session — only the sixth of its kind since World War II — to pass a bill aimed at halting plans…
Authorities across Central Europe are scrambling to contain an outbreak of foot-and-mouth disease that has led to the culling of thousands of animals and prompted border closures between Hungary, Slovakia, and Austria.The outbreak was first detected in early March on a cattle farm in northwestern Hungary. Within weeks, cases were confirmed on three farms in…
Furniture manufacturers in southern Malaysia are rushing to fulfil orders for American customers, racing against time as they prepare for a potential tariff hike under former US President Donald Trump’s trade policy.Trump, who has proposed a 24% tariff on all imports from Malaysia, announced this week that most countries would instead receive a 10% rate…
US businesses that rely heavily on Chinese manufacturing are reeling after former President Donald Trump imposed sweeping new tariffs on imports from China — raising them to an unprecedented 145% in retaliation for what he called unfair trade practices.As reported by the Associated Press, the dramatic tariff hikes — rolled out unpredictably and at speed…
India joined 62 other nations in voting in favour of the world’s first-ever global carbon tax on the shipping industry, a landmark decision adopted by the United Nations’ shipping agency in London on Friday, PTI reported.The measure, passed after a week of intense negotiations at the International Maritime Organisation (IMO), aims to cut greenhouse gas…
India’s semiconductor industry is set to undergo rapid growth, with end-demand revenues expected to double from $54 billion in 2025 to $108 billion by 2030, a new report by financial services firm UBS revealed.The report projected that the country’s semiconductor market will grow at a 15 per cent compound annual growth rate (CAGR) over the…
NEW DELHI: Industrial output growth slowed to a 6-month low in Feb, dragged down by sluggish manufacturing and mining sectors, while consumer non-durables remained in contraction territory.Data released by the National Statistical Office (NSO) on Friday showed the index of industrial production (IIP) grew by 2.9% in Feb, slower than the 5.6% in Feb last…
MUMBAI: After a mid-week gap, trading on Dalal Street resumed on Friday and the sensex rose over a 1,000 points, mainly on the back of a record Wall Street rally on Wednesday which came after US president Donald Trump announced a pause on introduction of reciprocal tariffs on all countries except China. In the process…
MUMBAI: The rupee closed at 86.04 against the dollar on Friday, gaining 64 paise from Wednesday’s close. However, it ended the week 0.9% weaker, marking its worst weekly performance in two months. The decline followed last weekend’s rally when the currency had strengthened to 84.97.The rupee’s recovery came as the dollar weakened globally. The dollar…
HYDERABAD: The rapidly escalating trade tensions between the US and China propelled gold past the $3,200/ounce mark for the first time on Friday. This in turn also pushed the price of the yellow metal in the domestic market a step closer to the psychologically important Rs 1 lakh/10-gram mark, to Rs 96,000 by Friday evening,…
