German Chancellor Friedrich Merz stated that Europe must strengthen its unity and competitiveness to counter a new wave of “great-power politics” that has disrupted the transatlantic relationship. He welcomed US President Donald Trump’s vow not to use force to take Greenland. Tensions at the annual gathering of global business leaders and policymakers eased on Wednesday…
The European Parliament on Wednesday halted its work on a trade agreement between the 27-member European Union and the United States, according to a lawmaker, after US President Donald Trump’s continuous call for US control of Greenland, a semi-autonomous territory of Denmark. The Parliament’s trade committee on Wednesday delayed the vote indefinitely, raising questions about…
The Indian rupee slid sharply on Wednesday, hitting a fresh record low of 91.7450 against the US dollar, weighed down by heightened global uncertainty leading to risk aversion across markets and outflows by foreign portfolio investors. The domestic currency logged its steepest intraday fall in almost two months and depreciated over 7% against the dollar,…
President Donald Trump expressed indifference toward the North American trade agreement with Canada and Mexico, portending a lengthy renegotiation of the US’s largest free-trade pact. Trump on Tuesday said there’s “no real advantage” to the US-Mexico-Canada Agreement, which he signed in 2020 and is subject to a review this year. He said the deal primarily…
India US Trade Deal: The much awaited trade deal between India and America may happen in the first six months of this year. This has been said by Ian Bremmer, head of Eurasia Group and world renowned risk analyst. He says that American tariff increase on India may not even be included in the list…
MUMBAI, Jan 2 (Reuters) – The Indian rupee is likely to open largely flat on Friday, with traders settling into a wait-and-see mode as they assess the New Year flows after a year dominated by central bank intervention and underlying dollar demand. The non-deliverable forward indicated the rupee will open in the 89.94-89.96 range versus…
India is accelerating strategic steps with major trading partners to further strengthen its economy at the global level. Regarding the ongoing trade negotiations with economic superpowers like America and the European Union, there are now indications that the talks have entered the decisive phase. The government’s focus is on such agreements, which are not limited…
