US clears Nvidia to resume H20 chip exports to China after lifting ban
Licenses mark key win for AI giant in recovering access to critical semiconductor market
Tense phone call between Trump and Modi over May ceasefire marks turning point in US-India ties: report
Irked by Field Marshal Asim Munir’s lunch at White House, Modi turned down an invitation to stop by Washington on his way back from G7 summit in June; rift deepened with 50% Trump tariff on Indian exports
Trump tariffs on Russia’s oil buyers bring economic, political risks
Tariffs could strain US-India-China relations; Potential oil market disruptions could spike global prices
Indian textiles, jewellery at risk of 50% Trump tariffs; pharma, phones exempt
Textile industry is already receiving panic-stricken calls from customers after Trump announced the additional 25% tariff
India pauses plans to buy US arms after Trump’s tariffs
India pausing talks to purchase Stryker combat vehicles, Javelin missiles and some Boeing planes amid tariff dispute
Moody’s warns US tariffs may hurt India’s manufacturing push, slow growth
Wider tariff gap compared with other Asia-Pacific countries would severely curtail India's ambitions to develop its manufacturing sector, says rating agencyÂ
Oil set for steepest weekly losses since June as tariffs cloud demand outlook
Brent crude futures drop 3 cents to $66.40, on track for a decline of more than 4% week-on-week; US WTI crude falls 6 cents to $63.82 a barrel, marking a 5% weekly drop
Gold futures hit record high after report of US tariffs on gold bars
US gold futures jump to an all-time high of $3,534.10; Spot gold on track for second consecutive weekly gain, up 0.7%
Maersk raises 2025 earnings forecast amid robust demand outside the U.S. despite tariff uncertainty
Shipping giant Maersk expects core profits of $8bn to $9.5bn, warns of uncertain global demand due to tariff impacts
Apple to invest $100 billion in U.S., raising total commitment to $600 billion
Major investment boost focuses on U.S. manufacturing, job creation, and production of key components like semiconductors and glass
Global natural disaster losses hit $135 billion in first half of 2025
Swiss Re reports $80 billion of the losses were insured; wildfires account for 7% of total natural catastrophe claims
India-US spat over trade and Russian oil purchases threatens wider fallout
Indian opposition and public urge Modi to resist what they see as Trump’s bullying; bilateral ties are at their lowest since US sanctions after India’s 1998 nuclear tests
Trump’s higher tariff rates hit goods from major US trading partners
Higher tariffs likely to impact global supply chains and inflation; Several major trading partners secure reduced tariff rates
Oil prices rise on US demand strength, though sanctions uncertainty remains
US crude inventories fall by 3 million barrels, exceeding expectations; Investors cautious due to potential US-Russia summit and potential tariffs on India, China
Trump says US will levy 100% tariff on some chip imports
President says tariffs to target non-US chip producers, excludes those building in America; Chip tariffs may impact China, SMIC, Huawei products