Trump doubts trade deal with Japan
U.S. President Donald Trump has said he is not confident about reaching a trade agreement with Japan, warning that talks are unlikely to succeed befor...
India’s central bank made a bigger-than-expected interest rate cut, lowering the repo rate by half a percent to 5.5%, the lowest level in three years.
This is the third rate cut in a row as the country faces slower growth and falling inflation.
RBI Governor Sanjay Malhotra said the economy is growing slower than expected and the bank wants to encourage more spending and investment amid global uncertainties.
India’s economy grew 6.5% last year, still the fastest among big economies, but down from 9.2% the year before. Inflation has dropped to a six-year low of 3.16%, helped by falling food prices.
The central bank also increased money supply but shifted its policy stance to “neutral,” meaning future rate changes will depend on how growth and inflation develop.
Lower rates should help consumers with cheaper home and car loans and support companies by cutting borrowing costs. This could also boost India’s struggling real estate market, especially affordable housing, as lower mortgage payments make homes more affordable.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
Prices for goods made in China and sold on Amazon.com are rising at a pace faster than overall inflation, signaling the growing impact of U.S. tariffs on consumers, a new analysis by retail analytics firm DataWeave reveals.
U.S. Secretary of State Marco Rubio convened his counterparts from India, Japan, and Australia on Tuesday for a high-stakes meeting of the Indo-Pacific Quad, aiming to reaffirm the group's commitment to countering China’s influence in the region.
A U.S. federal judge on Tuesday rejected Huawei Technologies Co Ltd's request to dismiss the majority of charges in a sweeping indictment, allowing the Chinese telecoms giant to face trial over allegations of trade secret theft, bank fraud, and sanctions violations.
Denmark has expanded its military conscription to include women, aiming to recruit more soldiers and strengthen defence amid growing security concerns in Europe.
During his visit to the migrant detention centre in the Florida Everglades, known as “Alligator Alcatraz,” U.S. President Donald Trump claimed that former president Joe Biden wanted him imprisoned there.
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