markets
US to Ban Canadian Alcohol, Dairy Products and Motorcycles From September 29
The US will ban imports of some Canadian alcohol, dairy products and motorcycles from September 29, taking its trade war with Canada beyond tariffs as Ottawa retaliates against Washington and both sides raise pressure on one of the world’s most integrated economic relationships.
Huawei Faces US Jury as Landmark Racketeering Trial Begins in New York
Huawei faces a US jury in a landmark racketeering trial involving allegations of trade-secret theft, sanctions evasion and financial fraud, bringing an eight-year legal battle at the heart of the US-China technology rivalry to court.
RBI Defends Rupee as Oil Nears $100 a Barrel
The RBI has stepped into currency markets again to support the rupee as rising oil prices and geopolitical tensions increase demand for dollars, extending a sustained intervention campaign aimed at preventing sharp swings in the Indian currency.
Five Killed as Amazon Cargo Plane Overruns Runway at Miami Airport
Five killed, five injured after Amazon cargo plane overshoots runway at Miami International Airport, authorities confirm.
Pakistan’s Farmers Squeezed as Rising Costs Eat Into Profits
Rising costs and falling output plague Pakistan's agricultural sector, with farmers facing mounting systemic challenges, reports indicate.
Sridhar Vembu Takes On Raghuram Rajan Over India’s Economic Model
Zoho CEO Sridhar Vembu invokes IIT entrance rank while challenging ex-RBI chief Raghuram Rajan's economic policy critiques in viral exchange.
Indian banks raise $136.4 billion through RBI forex swap facility, FCNR deposits account for 93%
RBI's foreign exchange swap facility mobilizes $136.4 billion by end-August, with non-resident deposits comprising 93% of total inflows.
NBA strips LA Clippers of five draft picks, fines team $30M over Leonard salary cap violations
League imposes historic penalty on LA franchise, stripping five first-round picks through 2033 and banning owner Steve Ballmer for one year after salary cap probe.