US Fed holds interest rates steady despite Trump’s push for cuts
The US Federal Reserve has kept its benchmark interest rate unchanged at 4.25% to 4.5%, resisting mounting pressure from former President Donald Trump to lower borrowing costs amid mixed economic signals. In a statement released Wednesday, the Federal Open Market Committee (FOMC) noted
US student detained in Chennai for carrying banned satellite phone
An American university student was detained at Chennai International Airport after authorities discovered a banned satellite phone in his possession during a routine security check. The incident occurred early Thursday as a Scoot Airlines flight bound for Singapore was preparing for takeoff at
Trump imposes 50% universal tariff on copper imports to boost domestic industry
U.S. President Donald Trump has signed a proclamation imposing a 50% universal tariff on all imports of semi-finished copper and copper-intensive derivative products, effective August 1. The move aims to protect and strengthen the domestic copper industry, which is considered vital to national
Philippines President to visit India to boost defence and maritime ties
Philippines President Ferdinand R. Marcos Jr. will embark on a State Visit to India from August 4 to 8, marking his first trip to the country since taking office. The visit aims to strengthen bilateral cooperation, particularly in defence, maritime security, and regional
Kremlin says Russian economy resilient despite sanctions pressure
The Russian economy has developed resilience against Western sanctions after years of enduring external pressure, said Kremlin spokesman Dmitry Peskov on Wednesday. “We have been living under a significant number of sanctions for quite some time. Our economy continues to function under a
Man shot dead by police after assault in Melbourne suburb
A man was shot dead by police after he was seen assaulting a woman at a property in Yarra Junction, a town located about 55 km east of Melbourne, Victoria. The incident occurred around 5:30 p.m. local time on Wednesday. According to a
Panama’s Vice Minister in Delhi ahead of UNSC presidency, holds key talks
As Panama prepares to assume the presidency of the United Nations Security Council in August, its Vice Minister of Foreign Affairs, Carlos Arturo Hoyos, held delegation-level talks with senior Indian officials in New Delhi on Thursday. Vice Minister Hoyos met Ministry of External
US also imposes high tariffs to protect local industry, WTO data shows
As US President Donald Trump criticizes India for high tariffs, World Trade Organization (WTO) data shows that the US itself levies steep duties to protect its domestic industries. The US imposes tariffs as high as 200% on dairy products, 132% on fruits and
Baloch activist warns Trump: Pakistan misleading US on oil reserves in Balochistan
Prominent Baloch human rights activist Mir Yar Baloch has warned US President Donald Trump against trusting Pakistan’s claims over major oil reserves, asserting that the resources lie in Balochistan — not Punjab — and are being misrepresented by Pakistan’s military. The statement came
South Korea to enforce detention warrant against former President Yoon Suk Yeol
South Korea’s special counsel announced plans to enforce a court-issued detention warrant on Friday to bring former President Yoon Suk Yeol in for questioning over multiple criminal allegations. Special Counsel Min Joong-ki’s team said an assistant special counsel, a prosecutor, and investigators will
Trump imposes 25% tariff penalty on Indian imports from August 1
In a significant trade move, US President Donald Trump announced a 25% tariff with additional penalties on imports from India starting August 1. The announcement, made via his social media platform Truth Social, cited India’s high tariffs and ongoing military and energy deals
Eminent economist Lord Meghnad Desai passes away at 85
Lord Meghnad Desai, renowned economist and UK House of Lords member, passed away at 85. Born in Vadodara in 1940, Desai had a distinguished academic career, teaching at the London School of Economics from 1965 to 2003. He was elevated to the House
Musk confirms Tesla’s $16.5B chip partnership with Samsung Electronics
Tesla CEO Elon Musk confirmed he had a direct video discussion with Samsung Electronics Chairman Lee Jae-yong and top executives to solidify a major chip supply agreement between the two companies. Responding to a comment on his social media platform X suggesting Samsung
Trump says tariff talks unlikely to conclude as deadline nears
U.S. President Donald Trump has said that tariff negotiations, including those with South Korea, are unlikely to be completed by Wednesday, just days ahead of the August 1 deadline he set for new trade deals. Speaking to reporters upon returning from Scotland, Trump
Most Australians skeptical AUKUS will deliver nuclear submarines: Survey
A new survey has revealed that a majority of Australians doubt the country will ever receive nuclear-powered submarines under the AUKUS defence pact with the US and UK. According to a poll conducted by Essential Research, 60% of respondents said it is “not
Gauff edges past Collins; Ito shocks Paolini at Canadian Open
Top seed Coco Gauff survived a tense three-hour battle to defeat fellow American Danielle Collins 7-5, 4-6, 7-6(2) in the second round of the Canadian Open, notching her first win since her French Open triumph in June. In a dramatic match, Gauff came
Zverev, Rune, Musetti advance with opening wins at Canadian Open
Top seed Alexander Zverev launched his Canadian Open campaign with a gritty 7-6(6), 6-4 victory over Adam Walton in Toronto. The 28-year-old German, a seven-time ATP Masters 1000 champion, including a 2017 title in Canada, survived a lung-busting rally to claim a pivotal
Ed Sheeran says family needs 24/7 security due to ‘sinister’ threats
Grammy-winning artist Ed Sheeran revealed that his family now requires round-the-clock security following multiple “sinister” incidents, including kidnap threats and attempted break-ins. Speaking on Australia’s 60 Minutes, Sheeran said, “It’s more than just fans wanting selfies. We’ve had break-in attempts and things left
Jeremy Renner says he’s ready for ‘Hawkeye 2’ and more Marvel roles after recovery
Hollywood actor Jeremy Renner says he’s physically and mentally prepared to return as Hawkeye in the Marvel Cinematic Universe, following his remarkable recovery from a near-fatal snowplough accident in 2023. Renner, who sustained 38 broken bones, a collapsed lung, and a lacerated liver
India’s tier 2 cities now have 4,625 EV charging stations: Centre
India’s tier 2 cities now host 4,625 operational electric vehicle (EV) charging stations as of April 1, 2025, the government informed the Lok Sabha on Tuesday. Minister of State for Steel and Heavy Industries, Bhupathiraju Srinivasa Varma, shared the data in a written