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IMF Cuts Global Growth Outlook Amid Trump Tariffs, Has Warning For India Too
The global economic growth is set to slow down in the coming months, largely due to the trade war sparked by US President Donald Trump's steep tariffs on virtually all trading partners, the International Monetary Fund (IMF) said on Wednesday.
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International Monetary Fund Slashes Growth Outlook On Impact Of US Tariffs
Given the stop-start nature to Trump's tariff rollout, the IMF introduced a cutoff date of April 4, meaning they do not include the administration's latest salvos, which have hiked the level of new levies against China to 145 percent.
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Tariff War 2.0: Trump Says Europe Next, Cuts Funds For South Africa
A day after imposing 25 per cent tariffs on Mexico and Canada and hitting China with a 10 per cent tariff, US President Donald Trump on Sunday said he would be implementing tariffs on goods from the European Union "pretty soon".
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Microsoft, Meta Back Big AI Spending Despite DeepSeek's Low Costs
Microsoft and Meta's CEOs defended massive spending on AI efforts after China's DeepSeek launched an AI assistant, it claims is more data and cost-efficient compared to the AI models that have emerged from the US. The top executives of these big tech firms said funds were needed to stay competitive in the field.
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NDTV Explainer: How DeepSeek, Once A Stock Trader, Became A Major AI Player
DeepSeek, which started as a finance-focused hedge fund, has rapidly ascended to AI stardom with a powerful and cost-efficient model.
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Chinese Billionaire Gifts Cash To Hometown Villagers As Thank You For Funding His Education Years Ago
In a heartwarming gesture, Richard Liu Qiangdong, the billionaire founder and former CEO of Chinese e-commerce giant JD.com, has moved the residents of his hometown by announcing that he would distribute gifts to them, ahead of the Chinese New Year.
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"First 40 Tejas Still Not...": Air Force Chief As China Tests 6th Gen Jets
Chief of Air Staff, Air Chief Marshal AP Singh, flagged delays in the delivery of the Tejas fighter aircraft into service, calling for increased private partnership in developing defence products and providing more funds for Research and Development
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Chinese Student Scams 63 Hotels Using 'Dead Cockroaches' And 'Used Condoms' Amid Travel Fund Shortage
A 21-year-old student from Taizhou, China, named Jiang, devised a scheme to extort hotels for free stays and compensation by creating false hygiene issues with props like dead cockroaches and used condoms.
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US Government Commission Pushes Manhattan Project-Style AI Initiative
A US congressional commission has proposed a Manhattan Project-style initiative to fund the development of AI systems that will be as smart or smarter than humans. The Manhattan Project was a large-scale collaboration between the US government and the private sector during World War Two that produced the first atomic bombs.
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Neither US Nor China Can Ignore India Today: Sitharaman
India's priority is not to impose its dominance but to enhance its influence, Union Finance Minister Nirmala Sitharaman has said, asserting that no country, whether the US or China, can ignore New Delhi today.
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India's Manufacturing Incentives Progress Amid Efforts to Cut China Imports
Since 2020, India's cash incentives to boost domestic manufacturing have attracted over $17 billion (roughly Rs. 1,42,279 crore) of investment. The scheme, which offers four to six percent cash incentives on incremental sales to manufacturers, was launched across 14 sectors including electronics, pharmaceuticals, textiles and white goods.
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China Pledges Another $51 Billion For Debt-Distressed Africa - New Debt Trap?
Chinese President Xi Jinping today pledged to step up China's support across the debt-distressed African continent with funding of nearly $51 billion, backing for more infrastructure initiatives and a promise to create at least 1 million jobs.
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India To Soon Top China Among Emerging Global Markets: Morgan Stanley
India is likely to soon overtake China as the most influential in a key emerging markets index, pulling in more foreign funds and adding fuel to a stock market rally that is "only past the halfway mark", Morgan Stanley said.
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Maldives Police Investigate Alleged Coup Plot To Overthrow Government
Police in the Maldives are investigating an alleged attempt to topple President Mohamed Muizzu by stirring anger over the Indian Ocean archipelago's worsening financial conditions.
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China, Saudi, UAE Agree To Roll Over Pak's $12 Billion Debt For A Year
China, Saudi Arabia and the UAE have agreed to roll over cash-strapped Pakistan's $12 billion debt for one year, as the International Monetary Fund (IMF) is likely to approve its $7 billion bailout package later this month.
-
IMF Cuts Global Growth Outlook Amid Trump Tariffs, Has Warning For India Too
The global economic growth is set to slow down in the coming months, largely due to the trade war sparked by US President Donald Trump's steep tariffs on virtually all trading partners, the International Monetary Fund (IMF) said on Wednesday.
-
International Monetary Fund Slashes Growth Outlook On Impact Of US Tariffs
Given the stop-start nature to Trump's tariff rollout, the IMF introduced a cutoff date of April 4, meaning they do not include the administration's latest salvos, which have hiked the level of new levies against China to 145 percent.
-
Tariff War 2.0: Trump Says Europe Next, Cuts Funds For South Africa
A day after imposing 25 per cent tariffs on Mexico and Canada and hitting China with a 10 per cent tariff, US President Donald Trump on Sunday said he would be implementing tariffs on goods from the European Union "pretty soon".
-
Microsoft, Meta Back Big AI Spending Despite DeepSeek's Low Costs
Microsoft and Meta's CEOs defended massive spending on AI efforts after China's DeepSeek launched an AI assistant, it claims is more data and cost-efficient compared to the AI models that have emerged from the US. The top executives of these big tech firms said funds were needed to stay competitive in the field.
-
NDTV Explainer: How DeepSeek, Once A Stock Trader, Became A Major AI Player
DeepSeek, which started as a finance-focused hedge fund, has rapidly ascended to AI stardom with a powerful and cost-efficient model.
-
Chinese Billionaire Gifts Cash To Hometown Villagers As Thank You For Funding His Education Years Ago
In a heartwarming gesture, Richard Liu Qiangdong, the billionaire founder and former CEO of Chinese e-commerce giant JD.com, has moved the residents of his hometown by announcing that he would distribute gifts to them, ahead of the Chinese New Year.
-
"First 40 Tejas Still Not...": Air Force Chief As China Tests 6th Gen Jets
Chief of Air Staff, Air Chief Marshal AP Singh, flagged delays in the delivery of the Tejas fighter aircraft into service, calling for increased private partnership in developing defence products and providing more funds for Research and Development
-
Chinese Student Scams 63 Hotels Using 'Dead Cockroaches' And 'Used Condoms' Amid Travel Fund Shortage
A 21-year-old student from Taizhou, China, named Jiang, devised a scheme to extort hotels for free stays and compensation by creating false hygiene issues with props like dead cockroaches and used condoms.
-
US Government Commission Pushes Manhattan Project-Style AI Initiative
A US congressional commission has proposed a Manhattan Project-style initiative to fund the development of AI systems that will be as smart or smarter than humans. The Manhattan Project was a large-scale collaboration between the US government and the private sector during World War Two that produced the first atomic bombs.
-
Neither US Nor China Can Ignore India Today: Sitharaman
India's priority is not to impose its dominance but to enhance its influence, Union Finance Minister Nirmala Sitharaman has said, asserting that no country, whether the US or China, can ignore New Delhi today.
-
India's Manufacturing Incentives Progress Amid Efforts to Cut China Imports
Since 2020, India's cash incentives to boost domestic manufacturing have attracted over $17 billion (roughly Rs. 1,42,279 crore) of investment. The scheme, which offers four to six percent cash incentives on incremental sales to manufacturers, was launched across 14 sectors including electronics, pharmaceuticals, textiles and white goods.
-
China Pledges Another $51 Billion For Debt-Distressed Africa - New Debt Trap?
Chinese President Xi Jinping today pledged to step up China's support across the debt-distressed African continent with funding of nearly $51 billion, backing for more infrastructure initiatives and a promise to create at least 1 million jobs.
-
India To Soon Top China Among Emerging Global Markets: Morgan Stanley
India is likely to soon overtake China as the most influential in a key emerging markets index, pulling in more foreign funds and adding fuel to a stock market rally that is "only past the halfway mark", Morgan Stanley said.
-
Maldives Police Investigate Alleged Coup Plot To Overthrow Government
Police in the Maldives are investigating an alleged attempt to topple President Mohamed Muizzu by stirring anger over the Indian Ocean archipelago's worsening financial conditions.
-
China, Saudi, UAE Agree To Roll Over Pak's $12 Billion Debt For A Year
China, Saudi Arabia and the UAE have agreed to roll over cash-strapped Pakistan's $12 billion debt for one year, as the International Monetary Fund (IMF) is likely to approve its $7 billion bailout package later this month.
