Billionaire Elon Musk took to X, formerly Twitter, to unleash a scathing criticism of President Donald Trump’s new spending and tax bill. “I’m sorry, but I just can’t stand it anymore. This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong. You … Read more
U.S. Commerce Secretary Howard Lutnick said a trade deal between India and the U.S. could happen in the “not too distant future” because “we found a place that really works for both countries.” “When they put the right person in India, put the right person on the other side of the table, and we’ve managed … Read more
Elon Musk-led Tesla is not interested in manufacturing electric cars in India, Heavy Industries Minister Kumara Swamy said on Monday. The minister added that Tesla is only keen to set up showrooms in India.Interestingly, US President Donald Trump has time and again said that it would be ‘very unfair’ if Tesla were to set up … Read more
China accused the US of violating their recent trade deal and vowed to take measures to defend its interests, dimming the prospect of an immediate leadership call that Donald Trump wants to have to further bilateral talks. The Chinese Ministry of Commerce issued a statement on Monday rebuking the US president’s claim that Beijing breached … Read more
Billionaire and world’s richest person, Elon Musk, on May 28 announced he is exiting the Donald Trump-led administration, and leaving as head of the US Department of Government Efficiency, more commonly known as DOGE. “As my scheduled time as a Special Government Employee comes to an end, I would like to thank President@realDonaldTrump for the … Read more
Federal Reserve Chair Jerome Powell assured US President Donald Trump in a meeting held at the White House on Thursday (May 29) that the Fed would “set monetary policy, as required by law, to support maximum employment and stable prices and will make those decisions based solely on careful, objective, and non-political analysis.” Trump presses … Read more
As the prices of Pop Mart toys have increased with the Beijing-based retailer’s global expansion, the Chinese customs authorities have repeatedly stopped suspected smugglers, reported China Daily. According to the report, the Chinese customs agents have intercepted and seized undeclared toys multiple times from passengers who reportedly seek to profit from resales. Also Read | … Read more
South Africa’s largest asset manager with $80 bn in AUM has entered Indian Asset Management Market with Strategic Investment in Shriram AMC. Sanlam already has a long term relationship of more than 20 years with the Shriram Group. It’s an investor into their insurance business, was previously invested into Shriram Finance and has also set up … Read more