A year after the Liberation Day tariffs, US President Donald Trump has rolled out another set of duties, this time targeting medicines and key metals. The move is aimed towards pushing companies to manufacture within the US. The new measures impose tariffs on steel, aluminium and copper, strengthening efforts to boost domestic production.The announcements come…
Oil prices rose sharply on Friday as tensions in the Middle East intensified, with the US launching more strikes on Iran, fueling concerns over the energy supply flows through the Strait of Hormuz. Brent crude, the global benchmark, climbed 7.8% to $109.03 per barrel after soaring beyond the $111 per barrel mark. At the same…
NEW DELHI: India’s oil basket recorded $113.49 a barrel in March, the highest in four years, due to disrupted global supplies amid the conflict in West Asia. In March 2023, the oil basket had reached $112.87 after the Ukraine war broke out, but it slowly eased. The cost of crude for Indian refiners was pegged…
Nepal’s spring Everest climbing season opened this week amid a police probe into an alleged insurance fraud worth nearly $20 million in which guides, helicopter operators, hospital staff and agents are accused of staging or inflating medical emergencies to trigger costly helicopter evacuations and bogus insurance claims.Police said the methods included mixing baking soda into…
NEW DELHI: The Centre on Thursday stepped in with fresh measures to help industry beat the impact of higher input costs by fully exempting 40 petrochemical products from customs duty for three months, while indicating that more measures are in the offing as the war in West Asia has hurt global trade and economy. “The…
SRINAGAR: J&K State Investigating Agency (SIA) on Thursday filed a chargesheet before a designated court against a Poonch resident, Sabar Hussain, for harbouring terrorists involved in the brutal killing of a govt employee two years ago in Jammu’s Rajouri district.An official spokesperson said unidentified terrorists suspected to be associated with Lashkar-e-Taiba (LeT)/The Resistance Front (TRF)…
US defence secretary Pete Hegseth has asked army chief of staff general Randy George to step down and take immediate retirement, reports CBS News.Hegseth reportedly wants someone in the role who will fully implement the vision he and President Trump have for the army. A senior defence department official told CBS News, “We are grateful…
US President Donald Trump fires his attorney general Pam Bondi TOI Correspondent from Washington: Another one bites the dust. US President Donald Trump has fired a second cabinet member – attorney general Pam Bondi – within a month, illustrating that just loyalty without serving his cause is not enough to hold a job in his…
Renowned economist and Columbia University professor Jeffrey Sachs has sharply criticised the ongoing conflict, accusing US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu of igniting the crisis despite warnings from experts. It has been over a month since the first missiles and bombs struck Iran. Now, a month later, the conflict has left…
The Election Commission on Thursday transferred the probe into the gherao of judicial officers dealing with cases related to the Special Intensive Revision (SIR) in West Bengal’s Malda to the National Investigation Agency (NIA).A spokesperson for the poll body said an NIA team is expected to arrive in the poll-bound state on Friday to begin…
