Category: Economy

Move to double tariffs rattles global markets as White House eyes ‘industry security’ The U.S. is bracing for a new wave of trade tension as President Donald Trump announced plans to double tariffs on nearly all foreign steel and aluminium imports starting Wednesday midnight. The decision will send tariff rates soaring to 50%, setting off alarm bells from Detroit to New Delhi. The new hike targets a vast range of…

“Homer Alpha” aims to reshape urban living with European materials, low-rise comfort, and meticulous planning A newcomer to Georgia’s development scene is wasting no time making a statement. Homer, a fresh face in real estate development, has officially teamed up with Anagi — one of the country’s most respected construction firms — to bring its ambitious inaugural project, Homer Alpha, to life. The partnership, announced this week, marks a significant…

Tensions flare again as China hits back at the US for allegedly violating a recent trade agreement, putting a damper on hopes for a quick high-level chat between President Xi Jinping and Donald Trump. The dispute centers on fresh US restrictions, sparking fears of renewed trade friction. Trade Truce Under Strain After New US Restrictions China’s Ministry of Commerce didn’t hold back Monday. It publicly slammed the US for what…

India is racing against time to finalize a phased trade agreement with the United States, hoping to soften the blow of President Donald Trump’s looming reciprocal tariffs. The goal? Get the first piece of the deal done before July hits—and the new duties hit even harder. Delhi Eyes Quick Fix Before Tariff Clock Runs Out There’s no sugarcoating it. July could be brutal for Indian exporters if things don’t move…

Median forecast sees FY26 inflation at 3.8%, opening the door for a 50 basis point cut India’s inflation is softening faster than expected, and that’s got economists predicting rate cuts on the horizon. With April’s consumer prices hitting a 68-month low, the Reserve Bank of India could have enough room to trim interest rates — possibly as early as June. A Moneycontrol poll of 15 economists shows growing consensus: inflation…

NEW DELHI – Prime Minister Narendra Modi on Tuesday reaffirmed India’s ambitious economic trajectory, declaring the country’s ascent to the world’s third-largest economy as “certain,” citing resilience, youth potential, and rapid economic expansion despite global headwinds. “We have become the fifth largest economy from 11th in very little time… despite global challenges, India didn’t pause,” Modi said at News18’s Rising Bharat Summit, highlighting that the country doubled its GDP in…

April 2 is expected to bring a seismic shift for Indian pharmaceutical companies as Donald Trump’s proposed reciprocal tariffs take effect. While the world waits for an official announcement on the specifics, Indian drug manufacturers are bracing for a hit that could reshape their access to the US market. Pharma Industry in the Crosshairs A large chunk of India’s pharmaceutical exports heads to the United States, making the sector vulnerable…

India’s gold imports have collapsed to their lowest level in two decades, with February shipments expected to be down 85% year-on-year. The surge in gold prices has left buyers hesitant, even during the peak wedding season, typically a period of high demand for the precious metal. Gold Prices Surge, Consumers Hold Back Gold prices have been on an unprecedented climb, with spot prices reaching an all-time high of $2,956.15 per…

The much-anticipated Income-Tax Bill, 2025, is set to be tabled in Parliament on February 13. If passed, it will replace the Income Tax Act of 1961, marking the biggest overhaul of India’s tax system in over six decades. The bill, spanning 622 pages, aims to simplify tax laws, modernize compliance, and introduce new tax slabs. The proposed changes could have far-reaching implications for individuals, businesses, and the digital economy. Key…

The railway freight trade between Georgia and Kazakhstan has reached an all-time high, with a record 2.74 million tons transported in 2024. The announcement from the Georgian government underscores the growing significance of the Middle Corridor, a key transport route linking Europe and Asia. Middle Corridor Gains Momentum The surge in freight volume signals increased collaboration between Georgia and Kazakhstan in the logistics sector. The Middle Corridor, an alternative to…