India is likely to retain its position as the fastest-growing major economy in the world with 6.4 per cent economic growth in both 2026 and 2027, amid global uncertainty, as per data released by the International Monetary Fund's (IMF) World Economic Outlook Update in January 2026.&nbsp;The IMF estimated India's economy to grow by 7.3 per cent in 2025, and 6.4 per cent for the next two years, significantly outshining global and advanced economy averages. Meanwhile, before easing slightly to 3.2 per cent in 2027, the world economy is expected to expand at 3.3 per cent in 2025 and 2026.<h3>India's growth path remains stronger</h3>India’s strong economic outlook is supported by solid domestic demand, continued public spending and a gradual pickup in private investment. In comparison with other major economies, India's growth path remains notably stronger. The United States is expected to expand at 2.4 per cent in 2026, China at 4.5 per cent, and the Euro Area by a modest 1.3 per cent.&nbsp;India also continues to lead among emerging and developing economies in Asia, outperforming its regional peers and playing a key role in Asia’s projected growth of 5.0 per cent in 2026. The IMF said emerging market and developing economies overall are likely to grow at 4.2 per cent in 2026, well below India’s forecast pace.&nbsp;"In India, growth is revised upward by 0.7 percentage point to 7.3 per cent for 2025, reflecting the better-than expected outturn in the third quarter of the year and strong momentum in the fourth quarter. Growth is projected to moderate to 6.4 per cent in 2026 and 2027 as cyclical and temporary factors wane," the IMF said.&nbsp;The IMF added that inflation in India is likely to return close to the target levels (2-6 per cent) after easing sharply in 2025, largely due to subdued food prices.&nbsp;On the global front, the IMF noted that challenges from changing trade policies are being balanced by strong investment in technology, including artificial intelligence (AI), particularly in North America and Asia, along with fiscal and monetary support, generally supportive financial conditions, and adaptability of the private sector.

The IMF estimated India's economy to grow by 7.3% in 2025 and 6.4 % for the next two years, significantly outshining global and advanced economy averages. Meanwhile, before easing slightly to 3.2 per cent in 2027, the world economy is expected to expand at 3.3 per cent in 2025 & 2026.

India is likely to retain its position as the fastest-growing major economy in the world with 6.4 per cent economic growth in both 2026 and 2027, amid global uncertainty, as per data released by the International Monetary Fund's (IMF) World Economic Outlook Update in January 2026. The IMF estimated India's economy to grow by 7.3 per cent in 2025, and 6.4 per cent for the next two years, significantly outshining global and advanced economy averages. Meanwhile, before easing slightly to 3.2 per cent in 2027, the world economy is expected to expand at 3.3 per cent in 2025 and 2026. India's growth path remains stronger India’s strong economic outlook is supported by solid domestic demand, continued public spending and a gradual pickup in private investment. In comparison with other major economies, India's growth path remains notably stronger. The United States is expected to expand at 2.4 per cent in 2026, China at 4.5 per cent, and the Euro Area by a modest 1.3 per cent. India also continues to lead among emerging and developing economies in Asia, outperforming its regional peers and playing a key role in Asia’s projected growth of 5.0 per cent in 2026. The IMF said emerging market and developing economies overall are likely to grow at 4.2 per cent in 2026, well below India’s forecast pace. "In India, growth is revised upward by 0.7 percentage point to 7.3 per cent for 2025, reflecting the better-than expected outturn in the third quarter of the year and strong momentum in the fourth quarter. Growth is projected to moderate to 6.4 per cent in 2026 and 2027 as cyclical and temporary factors wane," the IMF said. The IMF added that inflation in India is likely to return close to the target levels (2-6 per cent) after easing sharply in 2025, largely due to subdued food prices. On the global front, the IMF noted that challenges from changing trade policies are being balanced by strong investment in technology, including artificial intelligence (AI), particularly in North America and Asia, along with fiscal and monetary support, generally supportive financial conditions, and adaptability of the private sector.

The IMF estimated India's economy to grow by 7.3% in 2025 and 6.4 % for the next two years, significantly outshining global and advanced economy averages. Meanwhile, before easing slightly to 3.2 per cent in 2027, the world economy is expected to expand at 3.3 per cent in 2025 &amp; 2026.

India likely to remain world's fastest-growing economy amid global uncertainty: IMF

The International Monetary Fund (IMF) on Monday (Jan 19) upwardly revised India's economic growth projections for the current financial year (FY26) to 7.3 per cent from its earlier forecast of 6.6 per cent. The rise in growth figures is attributed to the "better-than-expected outturn in the third quarter of the year and strong momentum in the fourth quarter,” the IMF said.&nbsp;The multilateral agency estimated a sharp drop in India's GDP growth in FY 27 and FY 28 to moderate at 6.4 per cent. The country will retain its position as the world's fastest-growing major economy, outperforming global and advanced economy averages.&nbsp;IMF said inflation in India is expected to go back to near target levels (2-6 per cent) after a marked decline in 2025, driven by subdued food prices.In its latest World Economic Outlook, the IMF also upgraded its estimates for global economic growth for calendar years 2025 and 2026 to 3.3%, from 3.2% and 3.1%, respectively, in October. For 2027, it forecast 3.2% growth. However, it cautioned that over-optimism about about arteficial intellignece coupled with rising trade and geopolitical tensions can lead to a sharp market crash and disruption in the global economy.&nbsp;Also Read:<a href="https://www.wionews.com/world/after-pm-modi-russia-president-vladimir-putin-invited-to-join-trump-s-gaza-board-of-peace-1768822239920"> After PM Narendra Modi, Russia President Vladimir Putin invited to join Donald Trump's Gaza 'Board of Peace'</a>&nbsp;The IMF noted that emerging market and developing economies as a group are expected to grow at 4.2 per cent in 2026, while advanced economies as a bloc are estimated to grow at 1.8 per cent. India's growth figures released at the end of November 2025 surprised experts as the GDP growth unexpectedly surged to 8.2 per cent in the July-September quarter, surpassing earlier estimates. Based on the high figures, the Reserve Bank of India revised its growth forecast for teh the current financial year to 7.3 per cent. Earlier this month, the Ministry of Statistics and Programme Implementation (MoSPI) released the first advance estimate of GDP growth for 2025-26, pegging it at 7.4%. This implies a slowdown in growth to 6.9% in the second half of the year, from 8% in the first half.

The multilateral agency estimated a sharp drop in India's GDP growth in FY 27 and FY 28 to moderate at 6.4 per cent. The country will retain its position as the world's fastest-growing major economy, outperforming global and advanced economy averages.

The International Monetary Fund (IMF) on Monday (Jan 19) upwardly revised India's economic growth projections for the current financial year (FY26) to 7.3 per cent from its earlier forecast of 6.6 per cent. The rise in growth figures is attributed to the "better-than-expected outturn in the third quarter of the year and strong momentum in the fourth quarter,” the IMF said. The multilateral agency estimated a sharp drop in India's GDP growth in FY 27 and FY 28 to moderate at 6.4 per cent. The country will retain its position as the world's fastest-growing major economy, outperforming global and advanced economy averages. IMF said inflation in India is expected to go back to near target levels (2-6 per cent) after a marked decline in 2025, driven by subdued food prices. In its latest World Economic Outlook, the IMF also upgraded its estimates for global economic growth for calendar years 2025 and 2026 to 3.3%, from 3.2% and 3.1%, respectively, in October. For 2027, it forecast 3.2% growth. However, it cautioned that over-optimism about about arteficial intellignece coupled with rising trade and geopolitical tensions can lead to a sharp market crash and disruption in the global economy. Also Read: After PM Narendra Modi, Russia President Vladimir Putin invited to join Donald Trump's Gaza 'Board of Peace' The IMF noted that emerging market and developing economies as a group are expected to grow at 4.2 per cent in 2026, while advanced economies as a bloc are estimated to grow at 1.8 per cent. India's growth figures released at the end of November 2025 surprised experts as the GDP growth unexpectedly surged to 8.2 per cent in the July-September quarter, surpassing earlier estimates. Based on the high figures, the Reserve Bank of India revised its growth forecast for teh the current financial year to 7.3 per cent. Earlier this month, the Ministry of Statistics and Programme Implementation (MoSPI) released the first advance estimate of GDP growth for 2025-26, pegging it at 7.4%. This implies a slowdown in growth to 6.9% in the second half of the year, from 8% in the first half.

The multilateral agency estimated a sharp drop in India's GDP growth in FY 27 and FY 28 to moderate at 6.4 per cent. The country will retain its position as the world's fastest-growing major economy, outperforming global and advanced economy averages.

IMF raises India’s growth forecast to 7.3% in current fiscal; predicts sharp drop next year

India’s aviation regulator, the Directorate of Civil Aviation (DGCA), on Saturday, took action against IndiGo in connection with the large-scale flight disruptions in December 2025, when thousands of passengers were stranded across the country after flights were cancelled or diverted for an extended duration. After a detailed inquiry into the aviation crisis, the DGCA has imposed a hefty fine of Rs 22.20 crore on IndiGo. Besides, the body has asked the airline to pledge a bank guarantee of Rs 50 crore in favour of the DGCA to ensure compliance with the directives and long-term systemic correction.&nbsp;The large-scale flight delays and cancellations from 3rd to 5th December 2025, including the cancellation of 2,507 flights and 1,852 flights being delayed, led to inconvenience to over three lakh passengers.&nbsp;Also Read: <a href="https://www.wionews.com/india-news/-never-seen-anyone-so-crazy-for-nobel-kailash-satyarthi-on-machado-handing-prize-to-trump-1768659496824">‘Never seen anyone so crazy for Nobel’: Kailash Satyarthi on Machado handing prize to Trump</a>&nbsp;On the directions of the Union Ministry of Civil Aviation (MoCA), the DGCA constituted a four-member committee for a comprehensive review and assessment of the circumstances leading to the disruptions.&nbsp;<h2>‘IndiGo management adopted over-optimised operational model’</h2>&nbsp;The committee concluded that the management of the airline had adopted an over-optimised operational model that was centred on maximum utilisation of crew, aircraft, and network resources, leaving nearly no margin to absorb disruptions. The key findings of the Inquiry Committee were that the primary causes for the disruption were over-optimisation of operations, inadequate regulatory preparedness, deficiencies in system software support, and shortcomings in management structure and operational control on the part of M/s IndiGo.&nbsp;Also Read: <a href="https://www.wionews.com/world/khamenei-calls-trump-a-criminal-blames-him-for-slander-casualties-and-damage-during-protest-1768653081527">Khamenei calls Trump a ‘criminal,’ blames him for slander, casualties and damage during protest</a>&nbsp;The committee also observed that the airline’s management failed to adequately identify planning deficiencies, maintain sufficient operational buffer, and effectively implement the revised Flight Duty Time Limitation (FDTL) provisions. These lapses resulted in widespread flight delays and large-scale cancellations.&nbsp;<h2>DGCA takes action against several officials</h2>&nbsp;After due deliberations, DGCA also took some enforcement actions, including action against officials of InterGlobe Aviation, and cautioned the CEO for inadequate overall oversight of flight operations and crisis management.It also issued a warning to the Accountable Manager (COO) for failure to assess the impact of Winter Schedule 2025 and the revised FDTL CAR that led to disruptions. A warning was also issued to the Senior Vice President (OCC) with directions to relieve him of current operational responsibilities and not to assign any accountable position.&nbsp;Also Read: <a href="https://www.wionews.com/world/iranian-hardline-cleric-calls-for-death-penalty-to-protesters-threatens-trump-1768584627521">Iranian hardline cleric calls for death penalty to protesters, threatens Trump</a>&nbsp;The DGCA also issued warnings to Deputy Head–Flight Operations, AVP–Crew Resource Planning, and Director–Flight Operations for lapses.IndiGo has also been directed to take appropriate action against any other personnel identified through its internal inquiry and submit a compliance report to DGCA.&nbsp;The total penalty of Rs 22.20 crore includes Rs 1.80 crore as one-time systemic penalties for violations under six provisions, with each violation attracting a fine of Rs 30 lakh, and Rs 20.40 crore as a continued non-compliance penalty, calculated at Rs 30 lakh per day for 68 days of non-compliance.&nbsp;InterGlobe Aviation Limited issued a statement, saying, “We are in receipt of the orders of the Directorate General of Civil Aviation of India in relation to the events which led to a major operational disruption of IndiGo’s flights in early December, 2025.”“We would like to take this opportunity to inform all of our stakeholders, particularly our valued customers, that the Board and the Management of IndiGo are commited to taking full cognizance of the orders and will, in a thoughtul and timely manner, take appropriate measures.”

The large-scale flight delays and cancellations from 3rd to 5th December 2025, including the cancellation of 2,507 flights and 1,852 flights being delayed, led to inconvenience to over three lakh passengers across the nation.

India’s aviation regulator, the Directorate of Civil Aviation (DGCA), on Saturday, took action against IndiGo in connection with the large-scale flight disruptions in December 2025, when thousands of passengers were stranded across the country after flights were cancelled or diverted for an extended duration. After a detailed inquiry into the aviation crisis, the DGCA has imposed a hefty fine of Rs 22.20 crore on IndiGo. Besides, the body has asked the airline to pledge a bank guarantee of Rs 50 crore in favour of the DGCA to ensure compliance with the directives and long-term systemic correction. The large-scale flight delays and cancellations from 3rd to 5th December 2025, including the cancellation of 2,507 flights and 1,852 flights being delayed, led to inconvenience to over three lakh passengers. Also Read: ‘Never seen anyone so crazy for Nobel’: Kailash Satyarthi on Machado handing prize to Trump On the directions of the Union Ministry of Civil Aviation (MoCA), the DGCA constituted a four-member committee for a comprehensive review and assessment of the circumstances leading to the disruptions. ‘IndiGo management adopted over-optimised operational model’ The committee concluded that the management of the airline had adopted an over-optimised operational model that was centred on maximum utilisation of crew, aircraft, and network resources, leaving nearly no margin to absorb disruptions. The key findings of the Inquiry Committee were that the primary causes for the disruption were over-optimisation of operations, inadequate regulatory preparedness, deficiencies in system software support, and shortcomings in management structure and operational control on the part of M/s IndiGo. Also Read: Khamenei calls Trump a ‘criminal,’ blames him for slander, casualties and damage during protest The committee also observed that the airline’s management failed to adequately identify planning deficiencies, maintain sufficient operational buffer, and effectively implement the revised Flight Duty Time Limitation (FDTL) provisions. These lapses resulted in widespread flight delays and large-scale cancellations. DGCA takes action against several officials After due deliberations, DGCA also took some enforcement actions, including action against officials of InterGlobe Aviation, and cautioned the CEO for inadequate overall oversight of flight operations and crisis management. It also issued a warning to the Accountable Manager (COO) for failure to assess the impact of Winter Schedule 2025 and the revised FDTL CAR that led to disruptions. A warning was also issued to the Senior Vice President (OCC) with directions to relieve him of current operational responsibilities and not to assign any accountable position. Also Read: Iranian hardline cleric calls for death penalty to protesters, threatens Trump The DGCA also issued warnings to Deputy Head–Flight Operations, AVP–Crew Resource Planning, and Director–Flight Operations for lapses. IndiGo has also been directed to take appropriate action against any other personnel identified through its internal inquiry and submit a compliance report to DGCA. The total penalty of Rs 22.20 crore includes Rs 1.80 crore as one-time systemic penalties for violations under six provisions, with each violation attracting a fine of Rs 30 lakh, and Rs 20.40 crore as a continued non-compliance penalty, calculated at Rs 30 lakh per day for 68 days of non-compliance. InterGlobe Aviation Limited issued a statement, saying, “We are in receipt of the orders of the Directorate General of Civil Aviation of India in relation to the events which led to a major operational disruption of IndiGo’s flights in early December, 2025.” “We would like to take this opportunity to inform all of our stakeholders, particularly our valued customers, that the Board and the Management of IndiGo are commited to taking full cognizance of the orders and will, in a thoughtul and timely manner, take appropriate measures.”

The large-scale flight delays and cancellations from 3rd to 5th December 2025, including the cancellation of 2,507 flights and 1,852 flights being delayed, led to inconvenience to over three lakh passengers across the nation.

DGCA levies Rs 22.20 crore fine on IndiGo for Dec 2025 flight disruptions

Even with external uncertainties lingering, the Indian economy is expected to record healthy growth of seven per cent in the upcoming financial year 2026-27, CareEdge Ratings has asserted. The growth momentum, according to the rating agency, will be supported by factors such as low inflation, lower interest rates, and a lower tax burden.&nbsp;"While India's merchandise exports have come under pressure amid tariff uncertainties, the healthy services exports are expected to remain supportive of the external position," it said. The Indian economy has demonstrated relative resilience in the current financial year 2025-26, with the GDP growth pegged at 7.4 per cent, as per the First Advance Estimate (FAE) by the government.&nbsp;The growth momentum has been supported by income tax cuts, GST rate rationalisation, continued momentum in services exports, easing inflationary pressures and RBI rate cuts, the rating agency added. "Overall, the domestic fundamentals remain largely resilient despite a turbulent global economic landscape," the CareEdge Ratings report read.&nbsp;For 2026-27, CareEdge projected real GDP growth at 7 per cent, with nominal GDP growth estimated at 10.1 per cent. India's macroeconomic outlook remains constructive heading into 2026-27. For 2025-26, the RBI has projected GDP growth at 7.3 per cent. Sachin Gupta, Chief Rating Officer and Executive Director, CareEdge, said, "As India steps into 2026, the macroeconomic picture appears, at first glance, remarkably encouraging."&nbsp;Gupta said inflation is largely under control, interest rates remain reasonable, and the banking sector is in its strongest shape in over a decade, supported by low non-performing assets and robust corporate credit quality. "Add to this a steadily declining fiscal deficit, a stabilising public debt profile, political continuity, and an increasing emphasis on structural reforms, and the narrative seems overwhelmingly positive," Gupta asserted. Yet beneath this optimistic surface lie emerging challenges that warrant closer attention. One concerning trend is the weakening of the Indian rupee, not only against the US dollar but also more sharply against other major currencies. Over the past year, the rupee has depreciated by over 15 per cent against the British pound and the euro. Foreign investment trends also paint a sobering picture, it added.&nbsp;According to CareEdge, foreign portfolio investors recorded net outflows of nearly USD 18 billion in 2025, while net FDI has fallen sharply over the past four years, from USD 44 billion in 2021-22 to barely USD 0.5 billion in 2024-25. These declines, however, signal more than a cyclical shift in sentiment, CareEdge added.&nbsp;India's ambition to become a "Viksit Bharat" hinges not only on strong domestic fundamentals but also on its ability to attract long-term investment and compete effectively in global markets. "While the growth story remains intact for now, the warning signs--weak capital inflows, currency pressures, and rising trade barriers--suggest that sustaining this momentum will require a careful recalibration of economic strategy."&nbsp;This year's Union Budget will be presented in the backdrop of healthy domestic growth and low inflation, even though on the external front, there continues to be a threat. Rajani Sinha, Chief Economist, CareEdge, suggested that the government must focus on R&amp;D and innovation, job creation, and concerted support to the agriculture sector. As has been the convention, the Union Budget for 2026-27 will be presented in the Parliament on February 1, 2026.&nbsp;Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for the WION audience.

The rating agency said that the growth momentum has been supported by income tax cuts, GST rate rationalisation, continued momentum in services exports, easing inflationary pressures and RBI rate cuts.

Even with external uncertainties lingering, the Indian economy is expected to record healthy growth of seven per cent in the upcoming financial year 2026-27, CareEdge Ratings has asserted. The growth momentum, according to the rating agency, will be supported by factors such as low inflation, lower interest rates, and a lower tax burden. "While India's merchandise exports have come under pressure amid tariff uncertainties, the healthy services exports are expected to remain supportive of the external position," it said. The Indian economy has demonstrated relative resilience in the current financial year 2025-26, with the GDP growth pegged at 7.4 per cent, as per the First Advance Estimate (FAE) by the government. The growth momentum has been supported by income tax cuts, GST rate rationalisation, continued momentum in services exports, easing inflationary pressures and RBI rate cuts, the rating agency added. "Overall, the domestic fundamentals remain largely resilient despite a turbulent global economic landscape," the CareEdge Ratings report read. For 2026-27, CareEdge projected real GDP growth at 7 per cent, with nominal GDP growth estimated at 10.1 per cent. India's macroeconomic outlook remains constructive heading into 2026-27. For 2025-26, the RBI has projected GDP growth at 7.3 per cent. Sachin Gupta, Chief Rating Officer and Executive Director, CareEdge, said, "As India steps into 2026, the macroeconomic picture appears, at first glance, remarkably encouraging." Gupta said inflation is largely under control, interest rates remain reasonable, and the banking sector is in its strongest shape in over a decade, supported by low non-performing assets and robust corporate credit quality. "Add to this a steadily declining fiscal deficit, a stabilising public debt profile, political continuity, and an increasing emphasis on structural reforms, and the narrative seems overwhelmingly positive," Gupta asserted. Yet beneath this optimistic surface lie emerging challenges that warrant closer attention. One concerning trend is the weakening of the Indian rupee, not only against the US dollar but also more sharply against other major currencies. Over the past year, the rupee has depreciated by over 15 per cent against the British pound and the euro. Foreign investment trends also paint a sobering picture, it added. According to CareEdge, foreign portfolio investors recorded net outflows of nearly USD 18 billion in 2025, while net FDI has fallen sharply over the past four years, from USD 44 billion in 2021-22 to barely USD 0.5 billion in 2024-25. These declines, however, signal more than a cyclical shift in sentiment, CareEdge added. India's ambition to become a "Viksit Bharat" hinges not only on strong domestic fundamentals but also on its ability to attract long-term investment and compete effectively in global markets. "While the growth story remains intact for now, the warning signs--weak capital inflows, currency pressures, and rising trade barriers--suggest that sustaining this momentum will require a careful recalibration of economic strategy." This year's Union Budget will be presented in the backdrop of healthy domestic growth and low inflation, even though on the external front, there continues to be a threat. Rajani Sinha, Chief Economist, CareEdge, suggested that the government must focus on R&D and innovation, job creation, and concerted support to the agriculture sector. As has been the convention, the Union Budget for 2026-27 will be presented in the Parliament on February 1, 2026. Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for the WION audience.

The rating agency said that the growth momentum has been supported by income tax cuts, GST rate rationalisation, continued momentum in services exports, easing inflationary pressures and RBI rate cuts.

India’s economy to remain resilient with 7% growth in FY27 amid global uncertainties: Report

Kerala is showcasing its industrial development and investor confidence at the World Economic Forum in Davos, being held on January 19-23. The south Indian state continues to offer one of the best quality of life in the nation, and consistently tops human development index (HDI). The best living standards in India play a crucial role in attracting global talent and senior leadership to the state.<h2>Kerala ranks high on Human Developent Index , sustainable development goals</h2>Kerala retained its top position in the NITI Aayog Sustainable Development Goal (SDG) India Index of 2023-24, with a score of 79 out of 100. Kerala’s Human Development Index (HDI), at 0.758, is comparable to that of many developed nations. The state also maintains the highest Physical Quality of Life Index (PQLI) at 95.34.&nbsp;Also read: <a href="https://www.wionews.com/business-economy/davos-2026-how-kerala-s-skilled-manpower-is-boosting-its-knowledge-economy-world-economic-forum-news-1768556796917">Davos 2026 | How Kerala’s skilled manpower is boosting its knowledge economy</a><h2>Environmental Excellence: Kerala offers good air quality crucial to today's businesses</h2>Kerala has an average Air Quality Index (AQI) of 26, which is significantly cleaner than the national average. This ensures a healthy environment for the workforce, as "Quality of Life" is a major draw for global firms’ senior leadership and expats.&nbsp; With a far superior AQI compared to other industrial hubs and excellent social infrastructure, Kerala makes it easy for companies to attract and maintain top-tier executive talent. High social stability and low crime rates also enable a business-positive environment. Kerala has a healthy, educated, and satisfied population, which ensures social stability and low crime rates. These are key requirements for a stable business environment.<h2>Rural-urban continuum: Kerala’s unique "Continuous City" model</h2>Kerala has a unique geography that provides a strategic advantage for logistics and decentralised industrial growth. Unlike other states with a single primate city, Kerala operates as a polycentric network of towns, offering a "rural-urban continuum".<a href="https://www.wionews.com/videos/davos-2026-explore-kerala-as-india-s-next-deep-tech-hub-1768714533077/embed">https://www.wionews.com/videos/davos-2026-explore-kerala-as-india-s-next-deep-tech-hub-1768714533077/embed</a><h2>State-run high-speed internet and 100 per cent digital literacy: Key advantages of Kerala</h2>Kerala Fibre Optic Network or K-FON is the Kerala government's project to provide high-speed internet across the state at affordable rates. K-FON aims to bridge the digital divide by offering free connections to below poverty line (BPL) families and low-cost plans for others. This vast optical fibre network connects homes, businesses and government offices for enhanced e-governance, education, and digital access.K-FON, made available in every corner of the state, combined with 100 per cent digital literacy, ensures that the state has world-class infrastructure crucial for global firms.Also read: <a href="https://www.wionews.com/business-economy/davos-2026-how-kerala-is-strengthening-brand-image-with-the-motto-responsible-investment-responsible-industry-1768554714220">Davos 2026 | How Kerala is strengthening brand image with the motto ‘responsible Investment, responsible Industry’</a><h2>Kerala’s climate-smart zoning and local governance for sustainable urbanisation</h2>Kerala Urban Policy Commission (KUPC) recently submitted a report, paving the way for "City Cabinets" in Thiruvananthapuram, Ernakulam, and Kozhikode. This envisions climate-smart zoning and metropolitan-level governance, making the state a "lighthouse" for sustainable urbanisation in India. By 2035, more than 90 per cent of Kerala’s population is projected to live in urbanised clusters, ensuring a uniform market and talent pool for investors across the state’s geography. This prevents the "slumification" and congestion associated with rapid urbanisation. It allows for decentralised development, ensuring that the benefits of industrialisation reach every district.<h2>Advantage for investors: No need to pay "city-centre" premiums for land in Kerala</h2>Investors can set up manufacturing units in suburban or rural settings while still enjoying urban-grade connectivity, power, and high-speed internet. This "distributed supply chain" model reduces operational overheads and provides access to a stable and localised workforce.&nbsp;

At World Economic Forum in Davos, India's Kerala is highlighting its investor-friendly ecosystem, driven by high HDI, top SDG rank, clean air, digital literacy, high-speed internet, strong infrastructure, and a unique decentralised urban-industrial model.



Kerala is showcasing its industrial development and investor confidence at the World Economic Forum in Davos, being held on January 19-23. The south Indian state continues to offer one of the best quality of life in the nation, and consistently tops human development index (HDI). The best living standards in India play a crucial role in attracting global talent and senior leadership to the state. Kerala ranks high on Human Developent Index , sustainable development goals Kerala retained its top position in the NITI Aayog Sustainable Development Goal (SDG) India Index of 2023-24, with a score of 79 out of 100. Kerala’s Human Development Index (HDI), at 0.758, is comparable to that of many developed nations. The state also maintains the highest Physical Quality of Life Index (PQLI) at 95.34. Also read: Davos 2026 | How Kerala’s skilled manpower is boosting its knowledge economy Environmental Excellence: Kerala offers good air quality crucial to today's businesses Kerala has an average Air Quality Index (AQI) of 26, which is significantly cleaner than the national average. This ensures a healthy environment for the workforce, as "Quality of Life" is a major draw for global firms’ senior leadership and expats. With a far superior AQI compared to other industrial hubs and excellent social infrastructure, Kerala makes it easy for companies to attract and maintain top-tier executive talent. High social stability and low crime rates also enable a business-positive environment. Kerala has a healthy, educated, and satisfied population, which ensures social stability and low crime rates. These are key requirements for a stable business environment. Rural-urban continuum: Kerala’s unique "Continuous City" model Kerala has a unique geography that provides a strategic advantage for logistics and decentralised industrial growth. Unlike other states with a single primate city, Kerala operates as a polycentric network of towns, offering a "rural-urban continuum". https://www.wionews.com/videos/davos-2026-explore-kerala-as-india-s-next-deep-tech-hub-1768714533077/embed State-run high-speed internet and 100 per cent digital literacy: Key advantages of Kerala Kerala Fibre Optic Network or K-FON is the Kerala government's project to provide high-speed internet across the state at affordable rates. K-FON aims to bridge the digital divide by offering free connections to below poverty line (BPL) families and low-cost plans for others. This vast optical fibre network connects homes, businesses and government offices for enhanced e-governance, education, and digital access. K-FON, made available in every corner of the state, combined with 100 per cent digital literacy, ensures that the state has world-class infrastructure crucial for global firms. Also read: Davos 2026 | How Kerala is strengthening brand image with the motto ‘responsible Investment, responsible Industry’ Kerala’s climate-smart zoning and local governance for sustainable urbanisation Kerala Urban Policy Commission (KUPC) recently submitted a report, paving the way for "City Cabinets" in Thiruvananthapuram, Ernakulam, and Kozhikode. This envisions climate-smart zoning and metropolitan-level governance, making the state a "lighthouse" for sustainable urbanisation in India. By 2035, more than 90 per cent of Kerala’s population is projected to live in urbanised clusters, ensuring a uniform market and talent pool for investors across the state’s geography. This prevents the "slumification" and congestion associated with rapid urbanisation. It allows for decentralised development, ensuring that the benefits of industrialisation reach every district. Advantage for investors: No need to pay "city-centre" premiums for land in Kerala Investors can set up manufacturing units in suburban or rural settings while still enjoying urban-grade connectivity, power, and high-speed internet. This "distributed supply chain" model reduces operational overheads and provides access to a stable and localised workforce.

At World Economic Forum in Davos, India's Kerala is highlighting its investor-friendly ecosystem, driven by high HDI, top SDG rank, clean air, digital literacy, high-speed internet, strong infrastructure, and a unique decentralised urban-industrial model.&nbsp;

Davos 2026 | The real Kerala story: How the south Indian state enjoys top quality of life, HDI ranking and internet for all

Kerala is showcasing its industrial development and investor confidence at the World Economic Forum 2026 being held in Davos on January 19-23. The south Indian state’s greatest asset is its highly skilled, digitally literate workforce. This workforce is being further refined for the Industry 4.0 era, or the Fourth Industrial Revolution, which involves the digital transformation of manufacturing and industrial processes by integrating smart technologies like AI, the Internet of Things (IoT), robotics, and Big Data.<h2>Kerala, a hub of global capacity centres</h2>Boosted by its skilled workforce and supportive government policies, Kerala is emerging as a significant hub for Global Capability Centres (GCCs) in India. The state is leveraging its strong IT infrastructure: the Technopark in Thiruvananthapuram, Infopark in Kochi and Cyberpark in Kozhikode. &nbsp;Adding to this is India's first AI township at Infopark Phase 3. Kerala's upcoming dedicated GCC policy is set to attract global firms, positioning cities like Kochi and Thiruvananthapuram as key destinations for innovation and investment.<a href="https://www.wionews.com/videos/kerala-at-davos-2026-building-a-future-ready-tourism-economy-1768453566190/embed">https://www.wionews.com/videos/kerala-at-davos-2026-building-a-future-ready-tourism-economy-1768453566190/embed</a><h2>The Kerala Knowledge Economy Mission to give 2 million jobs as state focuses on niche skill development</h2>Kerala Knowledge Economy Mission (KKEM) is a flagship initiative that aims to provide 2 million jobs in the knowledge sector in the state that now has the highest density of tech-ready professionals in India. Kerala has already established systems in place for niche skilled development. One of them is the Kerala Academy for Skills Excellence (KASE), a non‐profit company and nodal agency for facilitating and coordinating various skill development initiatives.&nbsp;Also read: <a href="https://www.wionews.com/business-economy/davos-2026-how-kerala-is-strengthening-brand-image-with-the-motto-responsible-investment-responsible-industry-1768554714220">Davos 2026 | How Kerala is strengthening brand image with the motto ‘responsible Investment, responsible Industry’</a>&nbsp;The other is ASAP Kerala, the Additional Skill Acquisition Programmme, a public-private venture that includes training centres to boost employability by providing industry-relevant skill training. The government initiative bridges the gap between academia and industry through courses, skill parks, internships, and placements for students and youth. The focus is on job-ready skills and tech fields like AI and Machine Learning. &nbsp; Through the KASE and ASAP Kerala, the state has empanelled international skilling partners for sunrise sectors like Graphene, Green Hydrogen, AI, Fintech, BioTech and renewable energy.Also read: <a href="https://www.wionews.com/photos/world-economic-forum-2026-what-to-expect-who-s-coming-and-how-to-follow-the-summit-1768126584794">World Economic Forum 2026: What to expect, who’s coming and how to follow the summit</a><h2>Changing from migrating employees high-value employment, with a ‘plug and play’ talent pool&nbsp;</h2>These initiatives are shifting the state’s labour profile from "outward migration" to "local high-value employment." The idea is to retain talent and boost the State Domestic Product (GSDP) through the service and high-tech manufacturing sectors.With the initiatives, investors in Kerala will gain access to a "plug-and-play" talent pool. Unlike saturated tech hubs in the rest of India, Kerala offers significantly higher retention rates and lower attrition, reducing the long-term costs of recruitment and retraining. &nbsp;

At Davos 2026, Kerala is highlighting its skilled, Industry 4.0-ready workforce. The south Indian state is emerging as a GCC hub with its IT parks, AI focus, skill missions, and a plug-and-play talent ecosystem.


Kerala is showcasing its industrial development and investor confidence at the World Economic Forum 2026 being held in Davos on January 19-23. The south Indian state’s greatest asset is its highly skilled, digitally literate workforce. This workforce is being further refined for the Industry 4.0 era, or the Fourth Industrial Revolution, which involves the digital transformation of manufacturing and industrial processes by integrating smart technologies like AI, the Internet of Things (IoT), robotics, and Big Data. Kerala, a hub of global capacity centres Boosted by its skilled workforce and supportive government policies, Kerala is emerging as a significant hub for Global Capability Centres (GCCs) in India. The state is leveraging its strong IT infrastructure: the Technopark in Thiruvananthapuram, Infopark in Kochi and Cyberpark in Kozhikode. Adding to this is India's first AI township at Infopark Phase 3. Kerala's upcoming dedicated GCC policy is set to attract global firms, positioning cities like Kochi and Thiruvananthapuram as key destinations for innovation and investment. https://www.wionews.com/videos/kerala-at-davos-2026-building-a-future-ready-tourism-economy-1768453566190/embed The Kerala Knowledge Economy Mission to give 2 million jobs as state focuses on niche skill development Kerala Knowledge Economy Mission (KKEM) is a flagship initiative that aims to provide 2 million jobs in the knowledge sector in the state that now has the highest density of tech-ready professionals in India. Kerala has already established systems in place for niche skilled development. One of them is the Kerala Academy for Skills Excellence (KASE), a non‐profit company and nodal agency for facilitating and coordinating various skill development initiatives. Also read: Davos 2026 | How Kerala is strengthening brand image with the motto ‘responsible Investment, responsible Industry’ The other is ASAP Kerala, the Additional Skill Acquisition Programmme, a public-private venture that includes training centres to boost employability by providing industry-relevant skill training. The government initiative bridges the gap between academia and industry through courses, skill parks, internships, and placements for students and youth. The focus is on job-ready skills and tech fields like AI and Machine Learning. Through the KASE and ASAP Kerala, the state has empanelled international skilling partners for sunrise sectors like Graphene, Green Hydrogen, AI, Fintech, BioTech and renewable energy. Also read: World Economic Forum 2026: What to expect, who’s coming and how to follow the summit Changing from migrating employees high-value employment, with a ‘plug and play’ talent pool These initiatives are shifting the state’s labour profile from "outward migration" to "local high-value employment." The idea is to retain talent and boost the State Domestic Product (GSDP) through the service and high-tech manufacturing sectors. With the initiatives, investors in Kerala will gain access to a "plug-and-play" talent pool. Unlike saturated tech hubs in the rest of India, Kerala offers significantly higher retention rates and lower attrition, reducing the long-term costs of recruitment and retraining.

At Davos 2026, Kerala is highlighting its skilled, Industry 4.0-ready workforce. The south Indian state is emerging as a GCC hub with its IT parks, AI focus, skill missions, and a plug-and-play talent ecosystem. &nbsp;

Davos 2026 | How Kerala’s skilled manpower is boosting its knowledge economy

Kerala is showcasing its industrial sector at the World Economic Forum, being held in January 19-23 in Davos. The south Indian sate has&nbsp;rebranded its industrial landscape over the years, shifting the narrative from a traditional base to a hub for sustainable and ethical business.The state has been rebranding its industry as a sustainable sector, while taking an environmenal , &nbsp;social and governnance-driven approach. The state has been regularly topping Ease of Doing Business rankings, and attracting global investments.&nbsp;Also read: <a href="https://www.wionews.com/photos/world-economic-forum-2026-why-the-davos-theme-matters-amid-iran-us-tensions-1768124288406">World Economic Forum 2026: Why the Davos theme matters amid Iran-US tensions</a><h2>Kerala is leading in ease of doing business; global investment summits now a norm</h2>Kerala has achieved the top position in the National Ease of Doing Business (EoDB) Rankings in 2024, with a record 99.1 per cent reform implementation score.Keala has been holding global investment summits for some years now. The Invest Kerala Global Summit 2025 was held in Kochi in February 2025, attracting expressions of Interest (EOIs) worth&nbsp;₹1.80 trillion from 449 companies. The construction has already begun for 100 of these projects, including by global giants like Dynimated and Adani Logistics.<a href="https://www.wionews.com/videos/davos-2026-kerala-s-green-tech-and-climate-goals-wion-at-davos-1768540856656/embed">https://www.wionews.com/videos/davos-2026-kerala-s-green-tech-and-climate-goals-wion-at-davos-1768540856656/embed</a><h2>Developing without hurting ecology:&nbsp;Environmental, Social, and Governance (ESG) focus of Kerala</h2>Kerala has focused on environment-conscious development. The government has undertaken a comprehensive rebranding exercise for all State public sector units (PSUs) and District Industries Centres (DICs).&nbsp;They have adopted a uniform ESG-focused identity, including the implementation of "Mission 1000," aimed at scaling 1,000 medium and small enterprises or MSMEs into&nbsp;₹100 crore turnover.&nbsp;Kerala's rebranding attracts high-value, non-polluting industries like Artificial Intelligence, Space technology and life sciences.&nbsp;Also read: <a href="https://www.wionews.com/photos/world-economic-forum-2026-what-to-expect-who-s-coming-and-how-to-follow-the-summit-1768126584794">World Economic Forum 2026: What to expect, who’s coming and how to follow the summit</a>This ensures economic growth does not compromise Kerala's fragile and precious ecology.Companies today face immense global pressure for ESG compliance. When operating in Kerala, investors automatically align with international sustainability standards. They benefit from a transparent, feedback-linked regulatory system under the Business Reforms Action Plan 2024 (BRAP 2024). Such industries can gain a "Green Premium" for their products.

Kerala is rebranding its industry as a sustainable, ESG-driven hub. The state has been topping Ease of Doing Business rankings, attracting global investments, and promoting non-polluting sectors while protecting ecology


Kerala is showcasing its industrial sector at the World Economic Forum, being held in January 19-23 in Davos. The south Indian sate has rebranded its industrial landscape over the years, shifting the narrative from a traditional base to a hub for sustainable and ethical business.The state has been rebranding its industry as a sustainable sector, while taking an environmenal , social and governnance-driven approach. The state has been regularly topping Ease of Doing Business rankings, and attracting global investments. Also read: World Economic Forum 2026: Why the Davos theme matters amid Iran-US tensions Kerala is leading in ease of doing business; global investment summits now a norm Kerala has achieved the top position in the National Ease of Doing Business (EoDB) Rankings in 2024, with a record 99.1 per cent reform implementation score. Keala has been holding global investment summits for some years now. The Invest Kerala Global Summit 2025 was held in Kochi in February 2025, attracting expressions of Interest (EOIs) worth ₹1.80 trillion from 449 companies. The construction has already begun for 100 of these projects, including by global giants like Dynimated and Adani Logistics. https://www.wionews.com/videos/davos-2026-kerala-s-green-tech-and-climate-goals-wion-at-davos-1768540856656/embed Developing without hurting ecology: Environmental, Social, and Governance (ESG) focus of Kerala Kerala has focused on environment-conscious development. The government has undertaken a comprehensive rebranding exercise for all State public sector units (PSUs) and District Industries Centres (DICs). They have adopted a uniform ESG-focused identity, including the implementation of "Mission 1000," aimed at scaling 1,000 medium and small enterprises or MSMEs into ₹100 crore turnover. Kerala's rebranding attracts high-value, non-polluting industries like Artificial Intelligence, Space technology and life sciences. Also read: World Economic Forum 2026: What to expect, who’s coming and how to follow the summit This ensures economic growth does not compromise Kerala's fragile and precious ecology. Companies today face immense global pressure for ESG compliance. When operating in Kerala, investors automatically align with international sustainability standards. They benefit from a transparent, feedback-linked regulatory system under the Business Reforms Action Plan 2024 (BRAP 2024). Such industries can gain a "Green Premium" for their products.

Kerala is rebranding its industry as a sustainable, ESG-driven hub. The state has been topping Ease of Doing Business rankings, attracting global investments, and promoting non-polluting sectors while protecting ecology &nbsp;

Davos 2026 | How Kerala is strengthening brand image with the motto ‘responsible Investment, responsible Industry’

India's higher education system has a significant gap in industry readiness, with nearly 75% of institutions failing to meet industry needs, according to TeamLease Edtech's report "From Degree Factories to Employability Hubs." Despite the growing national focus on job readiness, the report indicates that only 16.67% of institutions achieve placement rates of 76-100% within six months of graduation.&nbsp;The findings point towards a system-wide design challenge. Shantanu Rooj, Founder and CEO of TeamLease Edtech, noted that the report exposes a "clear gap between aspiration and execution," describing a system that remains "structurally underprepared to deliver the outcomes it aims to achieve." Curriculum relevance has been identified as the most significant structural constraint facing Indian HEIs. The data show that only 8.6% of institutions report full industry alignment across their programs, while over half (51.01%) report no alignment.This lack of synchronisation is compounded by low industry participation in the classroom. Only 7.56% of institutions have integrated "Professors of Practice" across multiple programs, leaving most students without sustained exposure to modern workplace requirements.&nbsp;Furthermore, more than 60% of institutions have not yet explored embedding recognised industry certifications into their academic offerings. The report suggests that for employability to move beyond being a mere "buzzword," curriculum co-creation with industry partners must become a fundamental requirement rather than an optional add-on.&nbsp;While experiential learning is widely considered essential for job readiness, the report finds that it currently “lacks structure and standardisation.” Adoption of mandatory practical training remains low. Internships are integrated across all programs in only 9.4% of institutions. 37.8% of institutions lack any internship integration. Only 9.68% of institutions utilise live industry projects to provide real-world experience. This lack of practical exposure means a large portion of students graduate without the "job-relevant skills" needed to navigate the employment market effectively. The report also highlights the failure of many institutions to leverage one of their most powerful assets: their alumni. While alumni are a critical bridge to industry, only 5.44% of institutions report having "highly engaged" alumni communities. For most, these relationships remain minimal or absent, significantly limiting students' access to mentorship, industry referrals, and informal hiring channels. To transform from "degree factories" into true "employability hubs," the report calls for a radical shift in how educational programs are built and delivered. The proposed roadmap emphasises making industry-aligned curricula, mandatory internships, and formal employer partnerships "non-negotiable" components of the education system.&nbsp;Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for the WION audience.

The data show that only 8.6% of institutions report full industry alignment across their programs, while over half (51.01%) report no alignment. This lack of synchronisation is compounded by low industry participation in the classroom. 

India's higher education system has a significant gap in industry readiness, with nearly 75% of institutions failing to meet industry needs, according to TeamLease Edtech's report "From Degree Factories to Employability Hubs." Despite the growing national focus on job readiness, the report indicates that only 16.67% of institutions achieve placement rates of 76-100% within six months of graduation. The findings point towards a system-wide design challenge. Shantanu Rooj, Founder and CEO of TeamLease Edtech, noted that the report exposes a "clear gap between aspiration and execution," describing a system that remains "structurally underprepared to deliver the outcomes it aims to achieve." Curriculum relevance has been identified as the most significant structural constraint facing Indian HEIs. The data show that only 8.6% of institutions report full industry alignment across their programs, while over half (51.01%) report no alignment. This lack of synchronisation is compounded by low industry participation in the classroom. Only 7.56% of institutions have integrated "Professors of Practice" across multiple programs, leaving most students without sustained exposure to modern workplace requirements. Furthermore, more than 60% of institutions have not yet explored embedding recognised industry certifications into their academic offerings. The report suggests that for employability to move beyond being a mere "buzzword," curriculum co-creation with industry partners must become a fundamental requirement rather than an optional add-on. While experiential learning is widely considered essential for job readiness, the report finds that it currently “lacks structure and standardisation.” Adoption of mandatory practical training remains low. Internships are integrated across all programs in only 9.4% of institutions. 37.8% of institutions lack any internship integration. Only 9.68% of institutions utilise live industry projects to provide real-world experience. This lack of practical exposure means a large portion of students graduate without the "job-relevant skills" needed to navigate the employment market effectively. The report also highlights the failure of many institutions to leverage one of their most powerful assets: their alumni. While alumni are a critical bridge to industry, only 5.44% of institutions report having "highly engaged" alumni communities. For most, these relationships remain minimal or absent, significantly limiting students' access to mentorship, industry referrals, and informal hiring channels. To transform from "degree factories" into true "employability hubs," the report calls for a radical shift in how educational programs are built and delivered. The proposed roadmap emphasises making industry-aligned curricula, mandatory internships, and formal employer partnerships "non-negotiable" components of the education system. Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for the WION audience.

The data show that only 8.6% of institutions report full industry alignment across their programs, while over half (51.01%) report no alignment. This lack of synchronisation is compounded by low industry participation in the classroom.&nbsp;

75% of Indian colleges still not ready for industry; only 8.6% of institutions aligned with job needs: Report

Unicorns are startups with valuations exceeding $1 billion, a label that highlights their rarity and success. This article takes a closer look at the top 10 startup unicorns, along with their respective company valuations.

Unicorns are startups with valuations exceeding $1 billion, a label that highlights their rarity and success. This article takes a closer look at the top 10 startup unicorns, along with their respective company valuations.

From Meesho to Zerodha: India’s top 10 Unicorn startups and their valuations

The United States, as per reports, has completed its first sale of Venezuelan oil since the capture of the country's leader Nicolas Maduro. Talking to Semafor, a senior Donald Trump administration official said that the first sale of Venezuelan oil by the US is valued at about $500 million. The development comes following the capture of Nicolas Maduro, the former leader of the South American country 11 days ago. &nbsp;Following this, Trump said that US is taking control of Venezuela's oil reserves and recruit American companies to invest billions of dollars to refurbish the country's gutted oil industry, CNN had reported,. Trump had, on January 9 (local time) signed an executive order providing details on how his administration plans to block US courts or creditors from seizing any revenue that the US collects from Venezuelan oil and holds in American Treasury accounts. According to the Semafor report, revenue from the oil sales is currently being held in bank accounts controlled by the US government, as indicated in Friday's order, according to the administration official. The main account, according to a second senior administration official, is located in Qatar. "President Trump brokered a historic energy deal with Venezuela, immediately following the arrest of narcoterrorist Nicolas Maduro, that will benefit the American and Venezuelan people," White House spokeswoman Taylor Rogers said in a statement. "President Trump's team is facilitating positive, ongoing discussions with oil companies that are ready and willing to make unprecedented investments to restore Venezuela's oil infrastructure," she continued. Energy Secretary Chris Wright said the US government would oversee the sale of the oil and proceeds would be deposited into accounts controlled by Washington and Fox News has reported that additional sales are expected in the coming days and weeks. As per a CNN report Venezuela is sitting on a massive 303 billion barrels worth of crude -- about a fifth of the world's global reserves, according to the US Energy Information Administration (EIA). Trump previously said he plans to mobilize major U.S. oil companies to invest billions in fixing Venezuela's broken oil infrastructure. We are going to have our very large United States oil companies go in, spend billions of dollars, fix the badly broken oil infrastructure and start making money for the country," Trump said. Meanwhile, US President Trump said on Wednesday (local time) that he had a "long call" with Venezuela's interim president, Delcy Rodriguez. In a Truth Social post Trump said "This partnership between the United States of America and Venezuela will be a spectacular one FOR ALL. Venezuela will soon be great and prosperous again, perhaps more so than ever before!" he added. Rodriguez described the call as "long, productive and courteous" and said they discussed a bilateral agenda aimed at benefiting both countries. Rodriguez, who assumed the acting presidency after the January 3 capture of Maduro by US forces, described the call as conducted "within a framework of mutual respect," in which a bilateral work agenda for the benefit of both nations was addressed, according to her social media posts following the discussion. "I held a long and courteous telephone conversation with the President of the United States, Donald Trump, conducted within a framework of mutual respect, in which we addressed a bilateral work agenda for the benefit of our peoples, as well as pending matters between our governments," Rodriguez said in a post on X. After Maduro's capture, Trump said Washington would "run" Venezuela during a transition and needs "total access... to the oil and to other things in their country." &nbsp;

The US has quietly sold Venezuelan oil worth $500 million just days after Maduro’s capture, with revenues now held under Washington’s control. 

The United States, as per reports, has completed its first sale of Venezuelan oil since the capture of the country's leader Nicolas Maduro. Talking to Semafor, a senior Donald Trump administration official said that the first sale of Venezuelan oil by the US is valued at about $500 million. The development comes following the capture of Nicolas Maduro, the former leader of the South American country 11 days ago. Following this, Trump said that US is taking control of Venezuela's oil reserves and recruit American companies to invest billions of dollars to refurbish the country's gutted oil industry, CNN had reported,. Trump had, on January 9 (local time) signed an executive order providing details on how his administration plans to block US courts or creditors from seizing any revenue that the US collects from Venezuelan oil and holds in American Treasury accounts. According to the Semafor report, revenue from the oil sales is currently being held in bank accounts controlled by the US government, as indicated in Friday's order, according to the administration official. The main account, according to a second senior administration official, is located in Qatar. "President Trump brokered a historic energy deal with Venezuela, immediately following the arrest of narcoterrorist Nicolas Maduro, that will benefit the American and Venezuelan people," White House spokeswoman Taylor Rogers said in a statement. "President Trump's team is facilitating positive, ongoing discussions with oil companies that are ready and willing to make unprecedented investments to restore Venezuela's oil infrastructure," she continued. Energy Secretary Chris Wright said the US government would oversee the sale of the oil and proceeds would be deposited into accounts controlled by Washington and Fox News has reported that additional sales are expected in the coming days and weeks. As per a CNN report Venezuela is sitting on a massive 303 billion barrels worth of crude -- about a fifth of the world's global reserves, according to the US Energy Information Administration (EIA). Trump previously said he plans to mobilize major U.S. oil companies to invest billions in fixing Venezuela's broken oil infrastructure. We are going to have our very large United States oil companies go in, spend billions of dollars, fix the badly broken oil infrastructure and start making money for the country," Trump said. Meanwhile, US President Trump said on Wednesday (local time) that he had a "long call" with Venezuela's interim president, Delcy Rodriguez. In a Truth Social post Trump said "This partnership between the United States of America and Venezuela will be a spectacular one FOR ALL. Venezuela will soon be great and prosperous again, perhaps more so than ever before!" he added. Rodriguez described the call as "long, productive and courteous" and said they discussed a bilateral agenda aimed at benefiting both countries. Rodriguez, who assumed the acting presidency after the January 3 capture of Maduro by US forces, described the call as conducted "within a framework of mutual respect," in which a bilateral work agenda for the benefit of both nations was addressed, according to her social media posts following the discussion. "I held a long and courteous telephone conversation with the President of the United States, Donald Trump, conducted within a framework of mutual respect, in which we addressed a bilateral work agenda for the benefit of our peoples, as well as pending matters between our governments," Rodriguez said in a post on X. After Maduro's capture, Trump said Washington would "run" Venezuela during a transition and needs "total access... to the oil and to other things in their country."

The US has quietly sold Venezuelan oil worth $500 million just days after Maduro’s capture, with revenues now held under Washington’s control.&nbsp;

US quietly completes first sale of Venezuelan oil worth $500 million, days after Maduro’s capture

Elon Musk’s Grok will no longer be able to undress women and young girls on X. On Wednesday (Jan 14), X, formerly Twitter, announced measures to stop the AI chatbot from stripping women down into “bikinis, underwear, and similar attire”. The social media giant said it has “geoblock [ed] the ability” for all users, including paid ones. However, when put to the test, WION was able to easily generate the so-called ‘bikini trend’ pics. Turns out, the limitation on Grok also has limitations. All you need to know.<h2>Grok cannot undress women but...</h2>X said it will “geoblock the ability” of all Grok and X users to create, by the simplest of commands, images of females, in many cases minors, in “bikinis, underwear, and similar attire”. However, the block, the company said, will only be put in place in jurisdictions where such actions are deemed illegal."We have implemented technological measures to prevent the Grok account from allowing the editing of images of real people in revealing clothing such as bikinis," said X's safety team in a statement. "This restriction applies to all users, including paid subscribers."Also read | <a href="https://www.wionews.com/trending/elon-musk-pokes-fun-at-x-s-exploitative-bikini-trend-even-as-grok-ai-says-deeply-regret-creating-sexualised-images-of-a-12-year-old-girl-1767417683927">Musk pokes fun at X's exploitative 'bikini' trend, even as Grok AI says 'deeply regret' creating sexualised images of a 12YO girl</a>This comes after California's attorney general launched an investigation into Musk's xAI, the company that developed Grok AI, over sexually explicit material. Similar probes have been launched by other nations, many of which have blocked access to the chatbot.<h2>WION tests Grok's new limitations: Spoiler, it failed</h2>While X said it has “implemented technological measures to prevent the Grok account from allowing the editing of images of real people in revealing clothing such as bikinis,” WION’s attempt to do so was successful. Results not added for obvious reasons. However, till 11 am IST, in India, both image creation and editing to put a person in a bikini or similar revealing clothing were possible.Last week, an analysis of over 20,000 images generated by Grok, conducted by the Paris non-profit AI Forensics, revealed that more than half depicted "individuals in minimal attire", the majority of whom were women, with at least two per cent of them appearing to be minors.Also read | <a href="https://www.wionews.com/world/trump-drops-cryptic-hints-on-iran-says-regime-could-fall-amid-unrest-says-this-about-exiled-crown-prince-pahlavi-1768447993357">Trump drops cryptic hints on Iran, says regime could ‘FALL’ amid unrest; says this about exiled crown prince Pahlavi</a>When asked, Grok said that its ability to generate images like bikini pics is blocked in Malaysia and Indonesia “due to local laws against explicit or non-consensual content”. The chatbot added that “These are the main countries with full blocks as of now, to ensure compliance.”<figure class="image"><img src="https://cdn1.wionews.com/prod/wion/images/2026/20260115/image-1768456796131.png"></figure><h2>Grok can no longer create images</h2>X also said that in an “extra layer of protection”, Grok’s ability to create images and edit photos via the chatbot’s X account would now only be available to paid subscribers.EU’s digital watchdog, the European Commission, said that it had taken note of "additional measures X is taking to ban Grok from generating sexualised images of women and children." Spokesperson Thomas Regnier, in a statement, said it will “carefully assess” the changes to ensure that they “effectively protect citizens in the EU”.

<blockquote class="twitter-tweet"><a href="https://t.co/awlfMjX6FS">https://t.co/awlfMjX6FS</a>&mdash; Safety (@Safety) <a href="https://twitter.com/Safety/status/2011573102485127562?ref_src=twsrc%5Etfw">January 14, 2026</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

X says it has blocked Grok from stripping women and minors into bikinis. But when WION tested it, the feature still worked. Is Musk’s fix really a fix? All you need to know.

Elon Musk’s Grok will no longer be able to undress women and young girls on X. On Wednesday (Jan 14), X, formerly Twitter, announced measures to stop the AI chatbot from stripping women down into “bikinis, underwear, and similar attire”. The social media giant said it has “geoblock [ed] the ability” for all users, including paid ones. However, when put to the test, WION was able to easily generate the so-called ‘bikini trend’ pics. Turns out, the limitation on Grok also has limitations. All you need to know. Grok cannot undress women but... X said it will “geoblock the ability” of all Grok and X users to create, by the simplest of commands, images of females, in many cases minors, in “bikinis, underwear, and similar attire”. However, the block, the company said, will only be put in place in jurisdictions where such actions are deemed illegal. "We have implemented technological measures to prevent the Grok account from allowing the editing of images of real people in revealing clothing such as bikinis," said X's safety team in a statement. "This restriction applies to all users, including paid subscribers." Also read | Musk pokes fun at X's exploitative 'bikini' trend, even as Grok AI says 'deeply regret' creating sexualised images of a 12YO girl This comes after California's attorney general launched an investigation into Musk's xAI, the company that developed Grok AI, over sexually explicit material. Similar probes have been launched by other nations, many of which have blocked access to the chatbot. WION tests Grok's new limitations: Spoiler, it failed While X said it has “implemented technological measures to prevent the Grok account from allowing the editing of images of real people in revealing clothing such as bikinis,” WION’s attempt to do so was successful. Results not added for obvious reasons. However, till 11 am IST, in India, both image creation and editing to put a person in a bikini or similar revealing clothing were possible. Last week, an analysis of over 20,000 images generated by Grok, conducted by the Paris non-profit AI Forensics, revealed that more than half depicted "individuals in minimal attire", the majority of whom were women, with at least two per cent of them appearing to be minors. Also read | Trump drops cryptic hints on Iran, says regime could ‘FALL’ amid unrest; says this about exiled crown prince Pahlavi When asked, Grok said that its ability to generate images like bikini pics is blocked in Malaysia and Indonesia “due to local laws against explicit or non-consensual content”. The chatbot added that “These are the main countries with full blocks as of now, to ensure compliance.” Grok can no longer create images X also said that in an “extra layer of protection”, Grok’s ability to create images and edit photos via the chatbot’s X account would now only be available to paid subscribers. EU’s digital watchdog, the European Commission, said that it had taken note of "additional measures X is taking to ban Grok from generating sexualised images of women and children." Spokesperson Thomas Regnier, in a statement, said it will “carefully assess” the changes to ensure that they “effectively protect citizens in the EU”.

X says it has blocked Grok from stripping women and minors into bikinis. But when WION tested it, the feature still worked. Is Musk’s fix really a fix? All you need to know.

X claims Grok AI can no longer strip women into 'bikinis and underwear,' WION's test shows otherwise

Oil prices late on Thursday (Jan 15) dropped by three per cent following US President Donald Trump's comments that Iran's security forces had stopped killing protesters. West Texas Intermediate dropped 3.0 per cent to $60.16 per barrel while Brent crude was down 2.93 per cent to $64.57.Also read | <a href="https://www.wionews.com/world/donald-trump-says-iran-has-stopped-killing-protesters-but-keeps-military-option-open-we-re-going-to-watch-it-and-see-1768438100885">Donald Trump says Iran has 'stopped killing protesters,' but keeps military option open: 'We're going to watch it and see'</a><h2>What did Trump say?</h2>Speaking at the White House on Wednesday (Jan 14), Trump said he had received assurances from what he described as "very important sources on the other side" that the violent crackdown on demonstrations had stopped and that planned executions would not go ahead. He offered no further details and stressed that the information had not yet been independently confirmed.Also read | <a href="https://www.wionews.com/world/iran-accuses-us-of-plotting-regime-change-after-trump-tells-protestors-help-is-on-its-way-1768353184275">Iran accuses US of plotting 'regime change' after Trump tells protesters, 'HELP IS ON ITS WAY'</a>"They've said the killing has stopped and the executions won't take place," Trump said. "There were supposed to be a lot of executions today, and that the executions won't take place -- and we're going to find out."However, when pressed on whether US military action in Iran was now off the table, Trump struck a cautious note and said, "We're going to watch it and see what the process is".&nbsp;<h2>Oil prices experience volatility amid Iran-US tensions</h2>As the world awaits with bated breath a possible US military intervention in Iran, amid concerns that the situation could restrict supplies of crude, oil prices on Wednesday had risen by around 1.5 per cent. In the week which ended January 9, crude stocks had climbed by 3.4 million barrels to 422.4 million barrels, compared with analysts' expectations of a 1.7 million-barrel draw.<a href="https://www.wionews.com/videos/iran-unrest-allies-warn-iran-strike-could-backfire-boost-regime-1768414835053/embed">https://www.wionews.com/videos/iran-unrest-allies-warn-iran-strike-could-backfire-boost-regime-1768414835053/embed</a>Analyst Michael Wan of financial group MUFG, who earlier this week noted that Iran makes up three per cent of global oil production, on Thursday said that Trump's latest comments "come even as the United States has redeployed some personnel in Qatar and other American bases from ongoing geopolitical tensions and possible Iranian threats to target those locations".&nbsp;&nbsp;<h2>&nbsp;</h2>

Oil prices slid nearly 3 per cent after Donald Trump said Iran had halted killings of protesters, easing fears of imminent US military action. Markets reacted fast as geopolitical risk cooled, although uncertainty over Iran and US moves remains.

Oil prices late on Thursday (Jan 15) dropped by three per cent following US President Donald Trump's comments that Iran's security forces had stopped killing protesters. West Texas Intermediate dropped 3.0 per cent to $60.16 per barrel while Brent crude was down 2.93 per cent to $64.57. Also read | Donald Trump says Iran has 'stopped killing protesters,' but keeps military option open: 'We're going to watch it and see' What did Trump say? Speaking at the White House on Wednesday (Jan 14), Trump said he had received assurances from what he described as "very important sources on the other side" that the violent crackdown on demonstrations had stopped and that planned executions would not go ahead. He offered no further details and stressed that the information had not yet been independently confirmed. Also read | Iran accuses US of plotting 'regime change' after Trump tells protesters, 'HELP IS ON ITS WAY' "They've said the killing has stopped and the executions won't take place," Trump said. "There were supposed to be a lot of executions today, and that the executions won't take place -- and we're going to find out." However, when pressed on whether US military action in Iran was now off the table, Trump struck a cautious note and said, "We're going to watch it and see what the process is". Oil prices experience volatility amid Iran-US tensions As the world awaits with bated breath a possible US military intervention in Iran, amid concerns that the situation could restrict supplies of crude, oil prices on Wednesday had risen by around 1.5 per cent. In the week which ended January 9, crude stocks had climbed by 3.4 million barrels to 422.4 million barrels, compared with analysts' expectations of a 1.7 million-barrel draw. https://www.wionews.com/videos/iran-unrest-allies-warn-iran-strike-could-backfire-boost-regime-1768414835053/embed Analyst Michael Wan of financial group MUFG, who earlier this week noted that Iran makes up three per cent of global oil production, on Thursday said that Trump's latest comments "come even as the United States has redeployed some personnel in Qatar and other American bases from ongoing geopolitical tensions and possible Iranian threats to target those locations".

Oil prices slid nearly 3 per cent after Donald Trump said Iran had halted killings of protesters, easing fears of imminent US military action. Markets reacted fast as geopolitical risk cooled, although uncertainty over Iran and US moves remains.

Oil prices plunge nearly 3% after Trump says Iran protest killings have stopped | Markets react

Pakistan has entered into a new agreement with a US-connected fintech company linked to World Liberty Financial (WLF), the cryptocurrency venture associated with the family of US President Donald Trump. The partnership aims to advance cross-border digital payment infrastructure. The memorandum of understanding was signed in Islamabad by Pakistan’s Finance Minister Muhammad Aurangzeb and Zachary Witkoff, co-founder of WLF.&nbsp;&nbsp;Witkoff is the son of Steve Witkoff, a billionaire real estate investor and a close Trump ally who has played a key diplomatic role for the administration. Donald Trump Jr. is also a leading figure in World Liberty Financial. This arrangement marks one of the earliest publicly disclosed collaborations between a sovereign government and WLF. It comes at a time when ties between Islamabad and Washington have shown signs of improvement following Trump’s return to office in early 2025.&nbsp;Also Read: <a href="https://www.wionews.com/world/trump-s-envoy-steve-witkoff-announces-launch-of-gaza-peace-plan-second-phase-1768412879217">Trump’s envoy Steve Witkoff announces launch of Gaza peace plan second phase</a>&nbsp;As part of the agreement, World Liberty Financial will work alongside Pakistan’s central bank to incorporate its USD1 stablecoin into a regulated digital payments framework, with a focus on facilitating international transactions.Pakistan’s Virtual Asset Regulatory Authority stated that the MoU with SC Financial Technologies is intended to foster technical cooperation and dialogue on next-generation digital payment systems.&nbsp;<a href="https://www.wionews.com/videos/zoe-salda-a-becomes-highest-grossing-actor-of-all-time-surpassing-scarlett-johansson-1768413082243/embed">https://www.wionews.com/videos/zoe-salda-a-becomes-highest-grossing-actor-of-all-time-surpassing-scarlett-johansson-1768413082243/embed</a>&nbsp;The announcement follows multiple engagements between senior Pakistani officials and Trump in recent months. However, Trump’s growing engagement with Pakistan has sparked criticism within the United States. Several officials have accused the administration of allowing private business interests to influence foreign policy. Former US National Security Advisor Jake Sullivan has been particularly vocal, alleging that Trump’s family-linked crypto ventures in Pakistan have strained relations with India. Responding to questions on the matter, Sullivan described the issue as a largely overlooked but significant aspect of Trump’s foreign policy approach.

Pakistan signs deal with Trump-linked crypto company for cross-border payments

Pakistan has entered into a new agreement with a US-connected fintech company linked to World Liberty Financial (WLF), the cryptocurrency venture associated with the family of US President Donald Trump. The partnership aims to advance cross-border digital payment infrastructure. The memorandum of understanding was signed in Islamabad by Pakistan’s Finance Minister Muhammad Aurangzeb and Zachary Witkoff, co-founder of WLF. Witkoff is the son of Steve Witkoff, a billionaire real estate investor and a close Trump ally who has played a key diplomatic role for the administration. Donald Trump Jr. is also a leading figure in World Liberty Financial. This arrangement marks one of the earliest publicly disclosed collaborations between a sovereign government and WLF. It comes at a time when ties between Islamabad and Washington have shown signs of improvement following Trump’s return to office in early 2025. Also Read: Trump’s envoy Steve Witkoff announces launch of Gaza peace plan second phase As part of the agreement, World Liberty Financial will work alongside Pakistan’s central bank to incorporate its USD1 stablecoin into a regulated digital payments framework, with a focus on facilitating international transactions. Pakistan’s Virtual Asset Regulatory Authority stated that the MoU with SC Financial Technologies is intended to foster technical cooperation and dialogue on next-generation digital payment systems. https://www.wionews.com/videos/zoe-salda-a-becomes-highest-grossing-actor-of-all-time-surpassing-scarlett-johansson-1768413082243/embed The announcement follows multiple engagements between senior Pakistani officials and Trump in recent months. However, Trump’s growing engagement with Pakistan has sparked criticism within the United States. Several officials have accused the administration of allowing private business interests to influence foreign policy. Former US National Security Advisor Jake Sullivan has been particularly vocal, alleging that Trump’s family-linked crypto ventures in Pakistan have strained relations with India. Responding to questions on the matter, Sullivan described the issue as a largely overlooked but significant aspect of Trump’s foreign policy approach.

Pakistan has signed a deal with a Trump-linked fintech company to develop regulated cross-border digital payments using a USD-backed stablecoin

The US State Department is temporarily pausing immigrant visa processing for applicants from 75 countries as it moves to tighten enforcement of laws aimed at preventing immigrants from becoming dependent on public assistance.According to an internal State Department memo obtained by Fox News Digital, consular officers have been instructed to deny visas under existing legal authority while the department reviews and updates its screening and vetting standards. The suspension is set to take effect on January 21 and will remain in place indefinitely until the review is completed. Countries affected by the pause include Somalia, Russia, Afghanistan, Brazil, Iran, Iraq, Egypt, Nigeria, Thailand, Yemen, and dozens of others.&nbsp;Somalia, in particular, has drawn increased attention following a major fraud investigation in Minnesota that uncovered widespread misuse of taxpayer-funded assistance programs. Prosecutors allege many of those involved were Somali nationals or Somali-Americans. The policy builds on guidance issued in November 2025, when the State Department circulated a cable directing consular posts worldwide to more aggressively apply the “public charge” provision of US immigration law. That standard allows officials to deny visas to applicants deemed likely to rely on government benefits. Under the updated guidance, officers are instructed to evaluate factors such as an applicant’s health, age, financial resources, English-language ability, and potential need for long-term medical care. Individuals who are older, overweight, or who have previously received government cash assistance or been institutionalized may face heightened scrutiny or denial.&nbsp;Also Read: <a href="https://www.wionews.com/world/us-withdraws-troops-from-important-middle-east-bases-amid-escalating-tensions-with-iran-report-1768401971221">US withdraws troops from important Middle East bases amid escalating tensions with Iran: Report</a>&nbsp;“The State Department will use its long-standing authority to deny entry to individuals who are likely to become a public charge and take advantage of taxpayer-funded benefits,” spokesperson Tommy Piggott said. He added that visa processing from the affected countries will remain paused while officials reassess procedures designed to protect public resources. Exceptions to the suspension are expected to be rare and will only be granted after applicants successfully clear public charge evaluations.&nbsp;The public charge rule has been part of US immigration law for decades, though its enforcement has fluctuated depending on the administration. A 2022 version implemented under President Joe Biden narrowed the definition, focusing primarily on cash assistance and long-term institutional care, while excluding programs such as SNAP, WIC, Medicaid, and housing assistance.<h2>Here is the complete list of countries:</h2>The full list of countries comprises of Afghanistan, Albania, Algeria, Antigua and Barbuda, Armenia, Azerbaijan, Bahamas, Bangladesh, Barbados, Belarus, Belize, Bhutan, Bosnia, Brazil, Burma, Cambodia, Cameroon, Cape Verde, Colombia, Cote d’Ivoire, Cuba, Democratic Republic of the Congo, Dominica, Egypt, Eritrea, Ethiopia, Fiji, Gambia, Georgia, Ghana, Grenada, Guatemala, Guinea, Haiti, Iran, Iraq, Jamaica, Jordan, Kazakhstan, Kosovo, Kuwait, Kyrgyzstan, Laos, Lebanon, Liberia, Libya, Macedonia, Moldova, Mongolia, Montenegro, Morocco, Nepal, Nicaragua, Nigeria, Pakistan, Republic of the Congo, Russia, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Senegal, Sierra Leone, Somalia, South Sudan, Sudan, Syria, Tanzania, Thailand, Togo, Tunisia, Uganda, Uruguay, Uzbekistan and Yemen.

State Department freezes immigrant visas from 75 countries from January 21. See the complete list here

The US State Department is temporarily pausing immigrant visa processing for applicants from 75 countries as it moves to tighten enforcement of laws aimed at preventing immigrants from becoming dependent on public assistance. According to an internal State Department memo obtained by Fox News Digital, consular officers have been instructed to deny visas under existing legal authority while the department reviews and updates its screening and vetting standards. The suspension is set to take effect on January 21 and will remain in place indefinitely until the review is completed. Countries affected by the pause include Somalia, Russia, Afghanistan, Brazil, Iran, Iraq, Egypt, Nigeria, Thailand, Yemen, and dozens of others. Somalia, in particular, has drawn increased attention following a major fraud investigation in Minnesota that uncovered widespread misuse of taxpayer-funded assistance programs. Prosecutors allege many of those involved were Somali nationals or Somali-Americans. The policy builds on guidance issued in November 2025, when the State Department circulated a cable directing consular posts worldwide to more aggressively apply the “public charge” provision of US immigration law. That standard allows officials to deny visas to applicants deemed likely to rely on government benefits. Under the updated guidance, officers are instructed to evaluate factors such as an applicant’s health, age, financial resources, English-language ability, and potential need for long-term medical care. Individuals who are older, overweight, or who have previously received government cash assistance or been institutionalized may face heightened scrutiny or denial. Also Read: US withdraws troops from important Middle East bases amid escalating tensions with Iran: Report “The State Department will use its long-standing authority to deny entry to individuals who are likely to become a public charge and take advantage of taxpayer-funded benefits,” spokesperson Tommy Piggott said. He added that visa processing from the affected countries will remain paused while officials reassess procedures designed to protect public resources. Exceptions to the suspension are expected to be rare and will only be granted after applicants successfully clear public charge evaluations. The public charge rule has been part of US immigration law for decades, though its enforcement has fluctuated depending on the administration. A 2022 version implemented under President Joe Biden narrowed the definition, focusing primarily on cash assistance and long-term institutional care, while excluding programs such as SNAP, WIC, Medicaid, and housing assistance. Here is the complete list of countries: The full list of countries comprises of Afghanistan, Albania, Algeria, Antigua and Barbuda, Armenia, Azerbaijan, Bahamas, Bangladesh, Barbados, Belarus, Belize, Bhutan, Bosnia, Brazil, Burma, Cambodia, Cameroon, Cape Verde, Colombia, Cote d’Ivoire, Cuba, Democratic Republic of the Congo, Dominica, Egypt, Eritrea, Ethiopia, Fiji, Gambia, Georgia, Ghana, Grenada, Guatemala, Guinea, Haiti, Iran, Iraq, Jamaica, Jordan, Kazakhstan, Kosovo, Kuwait, Kyrgyzstan, Laos, Lebanon, Liberia, Libya, Macedonia, Moldova, Mongolia, Montenegro, Morocco, Nepal, Nicaragua, Nigeria, Pakistan, Republic of the Congo, Russia, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Senegal, Sierra Leone, Somalia, South Sudan, Sudan, Syria, Tanzania, Thailand, Togo, Tunisia, Uganda, Uruguay, Uzbekistan and Yemen.

State Department pauses immigrant visas for 75 countries while reviewing screening rules to prevent applicants likely to rely on public benefits

Amid global conflicts and turbulence, China quietly managed to achieve two records in 2025: a historic trade surplus nearing $1.2 trillion, and improved status as the world’s top automaker by both production and sales volume. The overall trade volume reached nearly $6.48–6.51 trillion, aided by manufacturing strength and strategic diversification of markets. These economic milestones indicate that China continues to dominate global production, even as it adapts its exports to changing market conditions caused by conflicts and trade wars. These feats were achieved in a tense environment that also involves its rivalries with the West over Taiwan and the South China Sea. Here is how China fared in 2025, based on the latest official data.<h2>China posts largest annual trade surplus in its history</h2>The Asian giant showed resilience in manufacturing and exports amid various challenges, including the tariff war unleashed by US President Donald Trump. It posted a record trade surplus of $1.189 trillion for the full year 2025, showed data from the country’s General Administration of Customs on Wednesday (Jan 14). This is the first time that the annual surplus exceeded $1 trillion, and breaks the previous record of around $992–993 billion in 2024 by about 20 per cent. China’s exports totalled around $3.77 trillion, up 5.5 per cent on year, while imports remained relatively flat at around $2.58 trillion.The surplus had crossed the $1 trillion mark by November 2025 already, and widened further in December, with the final month of 2025 alone showing a surplus of $114.14 billion. December saw exports grow 6.6 per cent year on year, while imports were also up 5.7 per cent year on year.Also read: <a href="https://www.wionews.com/india-news/china-lauds-india-for-surpassing-japan-becoming-world-s-fourth-largest-economy-1767177928026">China lauds India for surpassing Japan, becoming world's fourth largest economy</a><h2>Chinese exporters pivoted aggressively to non-US markets</h2>Trade ressures mainly from the US led Chinese exporters to aggressively seek out new markets in the European Union, ASEAN countries in Southeast Asia, Africa, and Latin America. A surge in exports to these regions helped offset declines in shipments to the US. China managed to post monthly trade surpluses exceeding $100 billion at least seven times in 2025, compared to just once in 2024.&nbsp;<a href="https://www.wionews.com/videos/byd-overtakes-tesla-as-the-top-ev-maker-in-2025-1767417674001/embed">https://www.wionews.com/videos/byd-overtakes-tesla-as-the-top-ev-maker-in-2025-1767417674001/embed</a><h2>China retains and improves top automaker status on the back of electric vehicles</h2>This is the 17th straight year in which China ranked top in global auto production and sales. China has held the status of the world’s top auto exporter since 2023. According to China Association of Automobile Manufacturers (CAAM) data, vehicle production in China reached 34.53 million units in 2025, a growth of 10.4 per cent year on year. Vehicle sales hit 34.4 million units, up 9.4 per cent year on year. These figures are also new records.Also read: <a href="https://www.wionews.com/business-economy/byd-overtakes-tesla-in-europe-ev-sales-for-the-first-time-1747988684157">BYD overtakes Tesla in Europe EV sales for the first time</a><h2>How is China retaining its top automaker position?</h2>The bulk of the growth came from new energy vehicles (NEVs), which include electric vehicles and plug-in hybrids. More than 16 million such units were manufactured and sold in 2025, accounting for more than 50 per cent of the total market. Projections by outlets such as Nikkei Asia showed that Chinese vehicle brands like BYD overtook Japanese rivals in global sales for the first time in 2025, selling around 27 million units worldwide, a 17 per cent annual growth, compared with Japan’s 25 million.Chinese vehicles, particularly EVs, were competitively priced and marketed abroad aggressively.&nbsp;BYD overtook Tesla as the world’s largest seller of battery-electric vehicles (BEVs), selling more than 2.25 million units in 2025, an annual growth of nearly 28 per cent. Tesla, meanwhile, sold around 1.64 million units.

China has made history with a record $1.2 trillion trade surplus in 2025. It also retained and improved its position as the world’s top automaker. Both these feats were achieved amid headwinds of tariffs and trade wars with the US. Just how did China manage this?

Amid global conflicts and turbulence, China quietly managed to achieve two records in 2025: a historic trade surplus nearing $1.2 trillion, and improved status as the world’s top automaker by both production and sales volume. The overall trade volume reached nearly $6.48–6.51 trillion, aided by manufacturing strength and strategic diversification of markets. These economic milestones indicate that China continues to dominate global production, even as it adapts its exports to changing market conditions caused by conflicts and trade wars. These feats were achieved in a tense environment that also involves its rivalries with the West over Taiwan and the South China Sea. Here is how China fared in 2025, based on the latest official data. China posts largest annual trade surplus in its history The Asian giant showed resilience in manufacturing and exports amid various challenges, including the tariff war unleashed by US President Donald Trump. It posted a record trade surplus of $1.189 trillion for the full year 2025, showed data from the country’s General Administration of Customs on Wednesday (Jan 14). This is the first time that the annual surplus exceeded $1 trillion, and breaks the previous record of around $992–993 billion in 2024 by about 20 per cent. China’s exports totalled around $3.77 trillion, up 5.5 per cent on year, while imports remained relatively flat at around $2.58 trillion. The surplus had crossed the $1 trillion mark by November 2025 already, and widened further in December, with the final month of 2025 alone showing a surplus of $114.14 billion. December saw exports grow 6.6 per cent year on year, while imports were also up 5.7 per cent year on year. Also read: China lauds India for surpassing Japan, becoming world's fourth largest economy Chinese exporters pivoted aggressively to non-US markets Trade ressures mainly from the US led Chinese exporters to aggressively seek out new markets in the European Union, ASEAN countries in Southeast Asia, Africa, and Latin America. A surge in exports to these regions helped offset declines in shipments to the US. China managed to post monthly trade surpluses exceeding $100 billion at least seven times in 2025, compared to just once in 2024. https://www.wionews.com/videos/byd-overtakes-tesla-as-the-top-ev-maker-in-2025-1767417674001/embed China retains and improves top automaker status on the back of electric vehicles This is the 17th straight year in which China ranked top in global auto production and sales. China has held the status of the world’s top auto exporter since 2023. According to China Association of Automobile Manufacturers (CAAM) data, vehicle production in China reached 34.53 million units in 2025, a growth of 10.4 per cent year on year. Vehicle sales hit 34.4 million units, up 9.4 per cent year on year. These figures are also new records. Also read: BYD overtakes Tesla in Europe EV sales for the first time How is China retaining its top automaker position? The bulk of the growth came from new energy vehicles (NEVs), which include electric vehicles and plug-in hybrids. More than 16 million such units were manufactured and sold in 2025, accounting for more than 50 per cent of the total market. Projections by outlets such as Nikkei Asia showed that Chinese vehicle brands like BYD overtook Japanese rivals in global sales for the first time in 2025, selling around 27 million units worldwide, a 17 per cent annual growth, compared with Japan’s 25 million. Chinese vehicles, particularly EVs, were competitively priced and marketed abroad aggressively. BYD overtook Tesla as the world’s largest seller of battery-electric vehicles (BEVs), selling more than 2.25 million units in 2025, an annual growth of nearly 28 per cent. Tesla, meanwhile, sold around 1.64 million units.

China has made history with a record $1.2 trillion trade surplus in 2025. It also retained and improved its position as the world’s top automaker. Both these feats were achieved amid headwinds of tariffs and trade wars with the US. Just how did China manage this? &nbsp;

China's economic wins: Largest-ever trade surplus of $1.2 trillion, consolidation of top automaker status

Leaders of the world’s leading central banks have publicly backed the US Federal Reserve and its chair, Jerome Powell, stressing that safeguarding central bank independence is essential for economic stability. In a joint statement released on Tuesday (January 13), senior policymakers warned that political pressure on the Fed threatens its ability to act in the public interest. The show of unity followed a controversial move by US prosecutors, who issued subpoenas to Powell in a step widely viewed as escalating President Donald Trump’s long-running conflict with the central bank.&nbsp;Powell broke with tradition on Sunday by responding publicly, pledging that monetary policy decisions would continue to be made “without political fear or favour.” “We express our full support for the Federal Reserve System and Chair Jerome H. Powell,” the statement said. It was endorsed by figures including European Central Bank President Christine Lagarde, Bank of England Governor Andrew Bailey, and South Korean central bank chief Rhee Chang-yong. The Bank of Japan did not sign the statement.&nbsp;Also Read: <a href="https://www.wionews.com/world/-help-is-on-its-way-iranian-patriots-keep-protesting-says-trump-and-urges-protestors-to-take-over-institutions-in-iran-1768316314730">'HELP IS ON ITS WAY. IRANIAN PATRIOTS, KEEP PROTESTING', says Trump and urges protestors to 'take over institutions in Iran'</a>&nbsp;President Trump renewed his criticism of Powell on Tuesday, accusing him of mismanaging a costly renovation of the Fed’s Washington headquarters. Trump suggested the Fed chair was either “incompetent” or “crooked,” continuing a pattern of personal attacks tied to disagreements over interest rate policy. JP Morgan Chase CEO Jamie Dimon cautioned that undermining the Fed could have unintended consequences. He said broad confidence in the central bank’s independence is critical and warned that political interference would likely do more harm than good, even for those who disagree with Fed decisions.&nbsp;<a href="https://www.wionews.com/videos/app-targets-young-people-living-alone-away-from-their-families-1768323039596/embed">https://www.wionews.com/videos/app-targets-young-people-living-alone-away-from-their-families-1768323039596/embed</a>&nbsp;Support also came from the heads of central banks in Australia, Brazil, Canada, Denmark, Norway, Sweden, and Switzerland, as well as the chair of the Bank for International Settlements. At the center of the dispute is a $2.5 billion renovation of the Fed’s historic headquarters, which Trump has repeatedly cited as evidence of mismanagement.

Global central bank leaders rally behind Fed Chair Jerome Powell amid pressure from Trump

Leaders of the world’s leading central banks have publicly backed the US Federal Reserve and its chair, Jerome Powell, stressing that safeguarding central bank independence is essential for economic stability. In a joint statement released on Tuesday (January 13), senior policymakers warned that political pressure on the Fed threatens its ability to act in the public interest. The show of unity followed a controversial move by US prosecutors, who issued subpoenas to Powell in a step widely viewed as escalating President Donald Trump’s long-running conflict with the central bank. Powell broke with tradition on Sunday by responding publicly, pledging that monetary policy decisions would continue to be made “without political fear or favour.” “We express our full support for the Federal Reserve System and Chair Jerome H. Powell,” the statement said. It was endorsed by figures including European Central Bank President Christine Lagarde, Bank of England Governor Andrew Bailey, and South Korean central bank chief Rhee Chang-yong. The Bank of Japan did not sign the statement. Also Read: 'HELP IS ON ITS WAY. IRANIAN PATRIOTS, KEEP PROTESTING', says Trump and urges protestors to 'take over institutions in Iran' President Trump renewed his criticism of Powell on Tuesday, accusing him of mismanaging a costly renovation of the Fed’s Washington headquarters. Trump suggested the Fed chair was either “incompetent” or “crooked,” continuing a pattern of personal attacks tied to disagreements over interest rate policy. JP Morgan Chase CEO Jamie Dimon cautioned that undermining the Fed could have unintended consequences. He said broad confidence in the central bank’s independence is critical and warned that political interference would likely do more harm than good, even for those who disagree with Fed decisions. https://www.wionews.com/videos/app-targets-young-people-living-alone-away-from-their-families-1768323039596/embed Support also came from the heads of central banks in Australia, Brazil, Canada, Denmark, Norway, Sweden, and Switzerland, as well as the chair of the Bank for International Settlements. At the center of the dispute is a $2.5 billion renovation of the Fed’s historic headquarters, which Trump has repeatedly cited as evidence of mismanagement.

Global central bank chiefs back Jerome Powell, warning that political pressure on the Federal Reserve threatens independence and economic stability

US-based tech major Apple has surpassed Samsung to become the World's leading smartphone manufacturer in 2025, according to the latest report by Counterpoint Research. The iPhone makers' growth is fueled by the strong sales of the iPhone 17 series. The shift marks the first time in 14 years that Apple has surpassed its South Korean rival Samsung in Global shipments. As per the data, Apple has cloaked the highest year-on-year growth among the leading five smartphone brands and secured a 20 per cent share in the international market. Apple has recorded a 10 per cent increase in sales compared to 2024. &nbsp;&nbsp;While the growth is largely attributed to iPhone 17, which launched in 2025 as its iPhone 16 continues to dominate key Asian markets, including Indian, Japan, and Southeast Asia. In the last quarter of 2025, Apple clinched the top spot with a record 25 per cent of total global shipments. In 2025, the global smartphone market recorded a modest growth of 2 per cent. However, Apple has been in an advantageous position due to growing demands for premium devices, along with the replacement cycle reaching millions of users who delayed upgrades during the COVID-19 pandemic.&nbsp;&nbsp;Also Read: <a href="https://www.wionews.com/world/-no-nuclear-rhetoric-in-dgmo-talks-indian-army-chief-points-at-pakistani-politicians-for-their-doings-1768297651362">'No nuclear rhetoric in DGMO talks': Indian Army chief slams Pakistani politicians for their doing</a>&nbsp;The iPhone 16 emerged as top top-selling brand in India the previous year, highlighting customers' preference for expensive, long-lasting handsets. Samsung slipped to second place with a 19 per cent market share, despite recording a 5 per cent year-on-year growth supported by its mid-range A series and high-end Galaxy S25 and Z Fold 7 models. However, the Korean manufacturers had faced several headwinds in Latin American and Western European markets, which erased gains made in Japan and other key markets. Chinese manufacturer Xiomani retained its position as the third largest smartphone brand globally, securing a 13 per cent market share through striking a balance between premium features and efficient distribution in emerging markets.&nbsp;

The iPhone 16 emerged as top top-selling brand in India the previous year, highlighting customers' preference for expensive, long-lasting handsets.

US-based tech major Apple has surpassed Samsung to become the World's leading smartphone manufacturer in 2025, according to the latest report by Counterpoint Research. The iPhone makers' growth is fueled by the strong sales of the iPhone 17 series. The shift marks the first time in 14 years that Apple has surpassed its South Korean rival Samsung in Global shipments. As per the data, Apple has cloaked the highest year-on-year growth among the leading five smartphone brands and secured a 20 per cent share in the international market. Apple has recorded a 10 per cent increase in sales compared to 2024. While the growth is largely attributed to iPhone 17, which launched in 2025 as its iPhone 16 continues to dominate key Asian markets, including Indian, Japan, and Southeast Asia. In the last quarter of 2025, Apple clinched the top spot with a record 25 per cent of total global shipments. In 2025, the global smartphone market recorded a modest growth of 2 per cent. However, Apple has been in an advantageous position due to growing demands for premium devices, along with the replacement cycle reaching millions of users who delayed upgrades during the COVID-19 pandemic. Also Read: 'No nuclear rhetoric in DGMO talks': Indian Army chief slams Pakistani politicians for their doing The iPhone 16 emerged as top top-selling brand in India the previous year, highlighting customers' preference for expensive, long-lasting handsets. Samsung slipped to second place with a 19 per cent market share, despite recording a 5 per cent year-on-year growth supported by its mid-range A series and high-end Galaxy S25 and Z Fold 7 models. However, the Korean manufacturers had faced several headwinds in Latin American and Western European markets, which erased gains made in Japan and other key markets. Chinese manufacturer Xiomani retained its position as the third largest smartphone brand globally, securing a 13 per cent market share through striking a balance between premium features and efficient distribution in emerging markets.

The iPhone 16 emerged as top top-selling brand in India the previous year, highlighting customers' preference for expensive, long-lasting handsets.

Apple becomes world’s leading smartphone brand, surpasses Samsung: Report

Several quick commerce platforms have removed the "10-minute delivery" claim after the Union Labour Minister Mansukh Mandaviya intervened over safety concerns for delivery partners, according to multiple media reports on Tuesday. After the government instruction, Blinkit has revised its main tagline from “10,000+ products delivered in 10 minutes” to “30,000+ products delivered at your doorstep”.&nbsp;This comes after the Labour Ministry instructed Q-comm majors to take into account the well-being of delivery workers. According to the report by ET, a meeting was held with leading firms that include Blinkit, Zepto, Zomato and Swiggy to address issues linked to strict delivery timelines.&nbsp;Mandaviya is said to have convinced major delivery aggregators to drop the 10-minute delivery promise to enhance safety, security and working conditions for gig workers. During the meetings, the minister highlighted that unrealistic delivery targets could place excessive pressure on riders and jeopardise their safety, based on ET reports.&nbsp;The companies also assured that the government for remove delivery-time commitments from their advertisements, branding material and social media platforms, indicating a shift in how quick-commerce services are marketed.<h3>Strike by gig workers for these reasons</h3>The intervention of the government came after a strike by gig workers on December 31, 2025, when delivery partners across different platforms issued serious concerns over low pay, unsafe working conditions and strict delivery timelines. Riders have cautioned that strict, time-driven delivery models were forcing them to take risks on the road to meet targets.&nbsp;Several platforms, including Swiggy Instamart, Blinkit and Zepto, have centred their branding on ultra-fast deliveries, especially the 10-minute guarantee. Delivery workers, however, say such promotional claims often result in heavy on-ground pressure, undermining safety and their overall well-being.&nbsp;Also read: <a href="https://www.wionews.com/world/china-pushes-back-against-trump-s-iran-tariffs-vows-to-protect-its-legitimate-interests-1768293119242">China pushes back against Trump’s Iran tariffs, vows to protect its ‘legitimate interests’</a>&nbsp;

Union Labour Minister Mansukh Mandaviya is said to have convinced major delivery aggregators to drop the 10-minute delivery promise to enhance safety, security and working conditions for gig workers. 

Several quick commerce platforms have removed the "10-minute delivery" claim after the Union Labour Minister Mansukh Mandaviya intervened over safety concerns for delivery partners, according to multiple media reports on Tuesday. After the government instruction, Blinkit has revised its main tagline from “10,000+ products delivered in 10 minutes” to “30,000+ products delivered at your doorstep”. This comes after the Labour Ministry instructed Q-comm majors to take into account the well-being of delivery workers. According to the report by ET, a meeting was held with leading firms that include Blinkit, Zepto, Zomato and Swiggy to address issues linked to strict delivery timelines. Mandaviya is said to have convinced major delivery aggregators to drop the 10-minute delivery promise to enhance safety, security and working conditions for gig workers. During the meetings, the minister highlighted that unrealistic delivery targets could place excessive pressure on riders and jeopardise their safety, based on ET reports. The companies also assured that the government for remove delivery-time commitments from their advertisements, branding material and social media platforms, indicating a shift in how quick-commerce services are marketed. Strike by gig workers for these reasons The intervention of the government came after a strike by gig workers on December 31, 2025, when delivery partners across different platforms issued serious concerns over low pay, unsafe working conditions and strict delivery timelines. Riders have cautioned that strict, time-driven delivery models were forcing them to take risks on the road to meet targets. Several platforms, including Swiggy Instamart, Blinkit and Zepto, have centred their branding on ultra-fast deliveries, especially the 10-minute guarantee. Delivery workers, however, say such promotional claims often result in heavy on-ground pressure, undermining safety and their overall well-being. Also read: China pushes back against Trump’s Iran tariffs, vows to protect its ‘legitimate interests’

Union Labour Minister Mansukh Mandaviya is said to have convinced major delivery aggregators to drop the 10-minute delivery promise to enhance safety, security and working conditions for gig workers.&nbsp;

Blinkit, Zepto, Swiggy to drop 10-minute delivery amid uproar: Check why

China on Tuesday (Jan 13) pushed back against US President Donald Trump's newly-announced 25 per cent tariffs on nations doing business with Iran, saying it would protect its rights and interests.<h2>What did China say?</h2>Hours after Trump took to his Truth Social account to announce the 25 per cent penalising tariffs, Chinese foreign ministry spokeswoman Mao Ning, in a statement, said that it has "always believed that there were no winners in a tariff war." She vowed that "China will resolutely safeguard its legitimate rights and interests".When asked about advice for Chinese citizens travelling to Iran, Ning said that Beijing was "closely monitoring the development of the situation"."We will take all necessary measures to protect the safety of Chinese citizens," she added.Also read | <a href="https://www.wionews.com/world/india-in-the-crosshairs-as-trump-announces-25-tariff-on-iran-trade-partners-protest-death-toll-rises-to-648-1768273204068">India in the crosshairs as Trump announces 25% tariff on Iran trade partners</a><h2>Trump's 25% tariffs to affect China, India and more</h2>Trump on Monday (Jan 12) announced a sweeping new pressure move against Iran - a 25 per cent tariff on any country that continues doing business with Tehran while trading with the United States. Notably, New Delhi has a long history of trade and strategic ties with Tehran, including energy imports and the Chabahar Port project. The tariffs come as rights groups warn that Iran's crackdown on mass protests has turned increasingly lethal, with at least 648 people killed.Also read | <a href="https://www.wionews.com/india-news/china-pushes-illegal-claim-on-india-s-shaksgam-valley-in-kashmir-hides-behind-pakistan-deal-from-1960s-1768279252397">China pushes illegal claim on Indians Shaksgam Valley, hides behind Pak deal</a><h2>When will the tariffs be imposed? How will India be affected?</h2>In a post on his Truth Social platform, Trump said the tariff would take effect "immediately" and described the order as "final and conclusive," without naming specific countries. According to data from Trading Economics, Iran's main trading partners include China, Turkey, the United Arab Emirates and Iraq. India has also been one of Tehran's top five trade partners in recent years. In 2024–25, according to the Indian Embassy in Tehran, India's trade with Iran totalled $1.68 billion, including $1.24 billion in exports and $440 million in imports. &nbsp;

 Chinese foreign ministry spokeswoman Mao Ning vowed that "China will resolutely safeguard its legitimate rights and interests".

China on Tuesday (Jan 13) pushed back against US President Donald Trump's newly-announced 25 per cent tariffs on nations doing business with Iran, saying it would protect its rights and interests. What did China say? Hours after Trump took to his Truth Social account to announce the 25 per cent penalising tariffs, Chinese foreign ministry spokeswoman Mao Ning, in a statement, said that it has "always believed that there were no winners in a tariff war." She vowed that "China will resolutely safeguard its legitimate rights and interests". When asked about advice for Chinese citizens travelling to Iran, Ning said that Beijing was "closely monitoring the development of the situation". "We will take all necessary measures to protect the safety of Chinese citizens," she added. Also read | India in the crosshairs as Trump announces 25% tariff on Iran trade partners Trump's 25% tariffs to affect China, India and more Trump on Monday (Jan 12) announced a sweeping new pressure move against Iran - a 25 per cent tariff on any country that continues doing business with Tehran while trading with the United States. Notably, New Delhi has a long history of trade and strategic ties with Tehran, including energy imports and the Chabahar Port project. The tariffs come as rights groups warn that Iran's crackdown on mass protests has turned increasingly lethal, with at least 648 people killed. Also read | China pushes illegal claim on Indians Shaksgam Valley, hides behind Pak deal When will the tariffs be imposed? How will India be affected? In a post on his Truth Social platform, Trump said the tariff would take effect "immediately" and described the order as "final and conclusive," without naming specific countries. According to data from Trading Economics, Iran's main trading partners include China, Turkey, the United Arab Emirates and Iraq. India has also been one of Tehran's top five trade partners in recent years. In 2024–25, according to the Indian Embassy in Tehran, India's trade with Iran totalled $1.68 billion, including $1.24 billion in exports and $440 million in imports.

&nbsp;Chinese foreign ministry spokeswoman Mao Ning vowed that "China will resolutely safeguard its legitimate rights and interests".

China pushes back against Trump’s Iran tariffs, vows to protect its 'legitimate interests'

After the divorce between Bill Gates and Melinda French Gates, assets worth nearly $8 billion were transferred as part of their settlement. This comes after the newly disclosed tax filings have shed light on their financial scale. The filings highlighted that the asset transfers were routed through a web of charitable trusts and investment entities after the couple’s divorce announcement in 2021, bringing their 27-year marriage to an end.&nbsp;At the time, both sides kept the financial details confidential, making the latest disclosures the clearest indication yet of how the settlement was arranged. Much of the wealth appears linked to Melinda French Gates’ decision to move away from joint philanthropy and focus on her own initiatives. Instead of a simple cash payout, assets were largely directed into philanthropic and long-term impact structures, reflecting the Gateses’ long-standing wealth strategy.&nbsp;Rather than a straightforward cash settlement, much of the wealth was channelled through philanthropic and long-term impact vehicles, consistent with the Gateses’ long-standing approach to managing their fortune. According to a tax filing earlier reported by the New York Times’ DealBook, the Microsoft co-founder committed $7.88 billion to French Gates’ private foundation.&nbsp;The transfer significantly expanded the scale of Pivotal Philanthropies Foundation, firmly establishing French Gates as a major force in US philanthropy. Established in 2022, Pivotal Philanthropies Foundation says its mission is to “accelerate the pace of social progress for women and young people.”<h3>Bill Gates and Melinda French Gates' separation</h3>According to tax filings, the Gates donation led to the significant Philanthropies’ assets up by over 1,000 per cent and raised nearly $7.4 billion in 2024 from $604 million at the end of 2023, Fortune reported. The sudden spike placed the foundation among the ranks of the largest private philanthropies of the US just over a year after both of them separated their philanthropic operations in May 2024.&nbsp;The $7.88 billion transfer is part of a larger $12.5 billion sum that French Gates previously said would be distributed under what she called her “agreement with Bill.” According to Fortune, the entire $12.5 billion has now been paid, with Bill Gates’ contribution making up a portion of that total.&nbsp;However, the destination of the remaining roughly $4.6 billion is still unknown. DealBook reported that the money may have been directed to French Gates’ wider Pivotal LLC, which is not required to file tax returns and is therefore exempt from the public disclosure rules that apply to charitable foundations.

Much of the wealth appears linked to Melinda French Gates’ decision to move away from joint philanthropy and focus on her own initiatives. Instead of a simple cash payout, assets were largely directed into philanthropic and long-term impact structures.

After the divorce between Bill Gates and Melinda French Gates, assets worth nearly $8 billion were transferred as part of their settlement. This comes after the newly disclosed tax filings have shed light on their financial scale. The filings highlighted that the asset transfers were routed through a web of charitable trusts and investment entities after the couple’s divorce announcement in 2021, bringing their 27-year marriage to an end. At the time, both sides kept the financial details confidential, making the latest disclosures the clearest indication yet of how the settlement was arranged. Much of the wealth appears linked to Melinda French Gates’ decision to move away from joint philanthropy and focus on her own initiatives. Instead of a simple cash payout, assets were largely directed into philanthropic and long-term impact structures, reflecting the Gateses’ long-standing wealth strategy. Rather than a straightforward cash settlement, much of the wealth was channelled through philanthropic and long-term impact vehicles, consistent with the Gateses’ long-standing approach to managing their fortune. According to a tax filing earlier reported by the New York Times’ DealBook, the Microsoft co-founder committed $7.88 billion to French Gates’ private foundation. The transfer significantly expanded the scale of Pivotal Philanthropies Foundation, firmly establishing French Gates as a major force in US philanthropy. Established in 2022, Pivotal Philanthropies Foundation says its mission is to “accelerate the pace of social progress for women and young people.” Bill Gates and Melinda French Gates' separation According to tax filings, the Gates donation led to the significant Philanthropies’ assets up by over 1,000 per cent and raised nearly $7.4 billion in 2024 from $604 million at the end of 2023, Fortune reported. The sudden spike placed the foundation among the ranks of the largest private philanthropies of the US just over a year after both of them separated their philanthropic operations in May 2024. The $7.88 billion transfer is part of a larger $12.5 billion sum that French Gates previously said would be distributed under what she called her “agreement with Bill.” According to Fortune, the entire $12.5 billion has now been paid, with Bill Gates’ contribution making up a portion of that total. However, the destination of the remaining roughly $4.6 billion is still unknown. DealBook reported that the money may have been directed to French Gates’ wider Pivotal LLC, which is not required to file tax returns and is therefore exempt from the public disclosure rules that apply to charitable foundations.

Much of the wealth appears linked to Melinda French Gates’ decision to move away from joint philanthropy and focus on her own initiatives. Instead of a simple cash payout, assets were largely directed into philanthropic and long-term impact structures.

Bill Gates transfers nearly $8 billion to ex-wife Melinda French Gates’ foundation after divorce

To ease economic restrictions on China, India is being examined at the highest levels, with any relaxation tied to reciprocal and calibrated steps from Beijing. The discussions are taking place against the backdrop of a rapidly changing global trade environment and the risk of more severe US tariffs.&nbsp;Officials indicated that the approach being considered would be incremental rather than broad-based. India has already simplified the process of granting business visas to Chinese workers and is now reviewing whether some investment-related restrictions could also be eased.&nbsp;“It (easing of norms for China) is being worked upon. It will take time, though. There has to be reciprocity. Earlier, flights were restored, visas were given, and entry norms were eased as we had to allow technicians for stalled projects, etc. So it will happen gradually,” an official said, the Indian Express reported.&nbsp;Considerable groundwork has already been done. A high-level panel led by NITI Aayog member Rajiv Gauba had earlier proposed lifting restrictions on Chinese investments. In addition, the Economic Survey 2023-24 argued for attracting Chinese capital to boost India’s export competitiveness.<h3>Stricter rules on Chinese investments</h3>India imposed stricter rules on Chinese investments in April 2020 through Press Note 3, requiring government approval for investments from countries sharing land borders with India. The measure was introduced to prevent opportunistic takeovers during the Covid-19 pandemic and has remained in place amid heightened security concerns following the Galwan clash later that year.&nbsp;To stabilise the broader relationship, a similar diplomatic approach was also adopted. This includes resumption of the Kailash Mansarovar Yatra; restoration of direct flights; issuance of visas for journalists and think-tank researchers, and the sharing of trans-border river data. Following the development, India responded that both sides had “reviewed the state of India-China bilateral relations comprehensively” and decided on “people-centric steps” aimed at stabilising and rebuilding ties.

India has already simplified the process of granting business visas to Chinese workers and is now reviewing whether some investment-related restrictions could also be eased.

To ease economic restrictions on China, India is being examined at the highest levels, with any relaxation tied to reciprocal and calibrated steps from Beijing. The discussions are taking place against the backdrop of a rapidly changing global trade environment and the risk of more severe US tariffs. Officials indicated that the approach being considered would be incremental rather than broad-based. India has already simplified the process of granting business visas to Chinese workers and is now reviewing whether some investment-related restrictions could also be eased. “It (easing of norms for China) is being worked upon. It will take time, though. There has to be reciprocity. Earlier, flights were restored, visas were given, and entry norms were eased as we had to allow technicians for stalled projects, etc. So it will happen gradually,” an official said, the Indian Express reported. Considerable groundwork has already been done. A high-level panel led by NITI Aayog member Rajiv Gauba had earlier proposed lifting restrictions on Chinese investments. In addition, the Economic Survey 2023-24 argued for attracting Chinese capital to boost India’s export competitiveness. Stricter rules on Chinese investments India imposed stricter rules on Chinese investments in April 2020 through Press Note 3, requiring government approval for investments from countries sharing land borders with India. The measure was introduced to prevent opportunistic takeovers during the Covid-19 pandemic and has remained in place amid heightened security concerns following the Galwan clash later that year. To stabilise the broader relationship, a similar diplomatic approach was also adopted. This includes resumption of the Kailash Mansarovar Yatra; restoration of direct flights; issuance of visas for journalists and think-tank researchers, and the sharing of trans-border river data. Following the development, India responded that both sides had “reviewed the state of India-China bilateral relations comprehensively” and decided on “people-centric steps” aimed at stabilising and rebuilding ties.

India has already simplified the process of granting business visas to Chinese workers and is now reviewing whether some investment-related restrictions could also be eased.

Economic reset? India examines step-by-step relaxation in trade with China

AI has redefined how recruiters measure talent, and what defines hiring success. Amidst the volume of applications, hiring time is becoming critical alongside talent quality – making it imperative to balance speed, skills, and ROI. As a result, recruiters are leaning on data technology and AI for ground-level assessments, spending more time on evaluating value than filtering through volume. With 52% of recruiters in India prioritising smarter hiring technology, AI is turning recruiters into the ultimate filter for talent signal and business fit.&nbsp;In the first episode of Zee Media’s special series, ‘Beyond AI, CVs &amp; JDs’ with LinkedIn, Ruchee Anand, Head of LinkedIn Talent &amp; Learning Solutions, India, and Sanjeev Jain, Chief Operating Officer of Wipro, discuss how AI is rewriting recruiters’ priorities, reshaping success metrics, and helping them evolve into strategic talent advisors.&nbsp;<h2>Hiring faster = good. Hiring smarter = better. Hiring with business intent = critical</h2>&nbsp;Today’s recruiters are operating with a very different mandate. According to data by LinkedIn, the top priorities for Indian recruiters are finding high-quality candidates with transferable skills (52%), adopting smarter hiring technology (52%) and in tandem, proving the ROI of hiring investments to C-suite leaders (46%). This shift reflects a broader move away from transactional hiring towards business-linked outcomes.&nbsp;During the episode, Anand captures this evolution clearly. Recruiters, she notes “are shifting focus today from cost per hire to revenue per employee,” from filling roles quickly to ensuring each hire drives measurable impact. Organisations are increasingly evaluating recruitment not by how little they spend, but by how effectively hiring strengthens workforce performance, productivity, and overall business output.&nbsp;<h2>AI is powering smarter, intuitive, and strategic decision making</h2>&nbsp;With rising demand for speed, quality and accuracy, more recruiters are relying on AI-powered tools across stages of the hiring process. From screening and assessments to personalised outreach – AI is increasingly supporting every stage of hiring, but value depends on judgment, governance, and role clarity.&nbsp;Jain offers a grounded example from Wipro. AI now helps the company create job descriptions that are rooted in skill requirements, ensuring roles are defined by abilities, not titles. He further elaborates on how their systems now screen profiles against these skills-based requirements, reducing manual effort and improving quality of shortlists. Wipro also uses AI to conduct first-round interviews, which improves consistency, reduces bias, and frees recruiters’ time to focus on higher-value work. Jain notes, “AI takes away repetitive cycles so recruiters can spend more time on the things that actually matter.”&nbsp;Across India, this pattern is accelerating. Recruiters are now using AI to shortlist faster, communicate smarter, personalise engagement, and create more efficient hiring journeys.&nbsp;<h2>The recruiter’s role is now business-critical</h2>&nbsp;No longer seen purely as execution partners, recruiters are increasingly stepping into the role of strategic advisors who influence organisational capability and long-term growth. As Anand notes, this shift was always underway but is now being significantly amplified by AI. With deep visibility into skills, hiring patterns, and talent movement, recruiters bring a unique perspective to workforce strategy. AI amplifies this by giving them access to richer data, allowing them to anticipate needs, consult business leaders, and design talent pipelines aligned to organisational goals.&nbsp;LinkedIn’s research reinforces this shift, with 90% of recruiters saying AI will elevate them into strategic career advisors, and 89% believing automation will free them for value-added work. As Jain noted, this translates into tangible business impact — improving quality of hire, enhancing productivity and efficiency, and building greater workforce agility — positioning recruiters as true growth partners for the business.&nbsp;<a href="https://www.wionews.com/technology/the-connected-workplace-where-ai-changes-how-teams-hire-learn-and-move-talent-1767940104078">The connected workplace: where AI changes how teams hire, learn, and move talent</a>&nbsp;Watch the first episode of Beyond AI, CVs &amp; JDs here:&nbsp;&nbsp;&nbsp;

<figure class="media"><oembed url="https://www.youtube.com/watch?v=7bXkG4WxB3U"></oembed></figure> (This article is from the Brand Desk. User discretion is advised.)

With rising demand for speed, quality and accuracy, more recruiters are relying on AI-powered tools across stages of the hiring process. From screening and assessments to personalised outreach, AI is supporting all stages of hiring, but value depends on judgment, governance, and role clarity.

AI has redefined how recruiters measure talent, and what defines hiring success. Amidst the volume of applications, hiring time is becoming critical alongside talent quality – making it imperative to balance speed, skills, and ROI. As a result, recruiters are leaning on data technology and AI for ground-level assessments, spending more time on evaluating value than filtering through volume. With 52% of recruiters in India prioritising smarter hiring technology, AI is turning recruiters into the ultimate filter for talent signal and business fit. In the first episode of Zee Media’s special series, ‘Beyond AI, CVs & JDs’ with LinkedIn, Ruchee Anand, Head of LinkedIn Talent & Learning Solutions, India, and Sanjeev Jain, Chief Operating Officer of Wipro, discuss how AI is rewriting recruiters’ priorities, reshaping success metrics, and helping them evolve into strategic talent advisors. Hiring faster = good. Hiring smarter = better. Hiring with business intent = critical Today’s recruiters are operating with a very different mandate. According to data by LinkedIn, the top priorities for Indian recruiters are finding high-quality candidates with transferable skills (52%), adopting smarter hiring technology (52%) and in tandem, proving the ROI of hiring investments to C-suite leaders (46%). This shift reflects a broader move away from transactional hiring towards business-linked outcomes. During the episode, Anand captures this evolution clearly. Recruiters, she notes “are shifting focus today from cost per hire to revenue per employee,” from filling roles quickly to ensuring each hire drives measurable impact. Organisations are increasingly evaluating recruitment not by how little they spend, but by how effectively hiring strengthens workforce performance, productivity, and overall business output. AI is powering smarter, intuitive, and strategic decision making With rising demand for speed, quality and accuracy, more recruiters are relying on AI-powered tools across stages of the hiring process. From screening and assessments to personalised outreach – AI is increasingly supporting every stage of hiring, but value depends on judgment, governance, and role clarity. Jain offers a grounded example from Wipro. AI now helps the company create job descriptions that are rooted in skill requirements, ensuring roles are defined by abilities, not titles. He further elaborates on how their systems now screen profiles against these skills-based requirements, reducing manual effort and improving quality of shortlists. Wipro also uses AI to conduct first-round interviews, which improves consistency, reduces bias, and frees recruiters’ time to focus on higher-value work. Jain notes, “AI takes away repetitive cycles so recruiters can spend more time on the things that actually matter.” Across India, this pattern is accelerating. Recruiters are now using AI to shortlist faster, communicate smarter, personalise engagement, and create more efficient hiring journeys. The recruiter’s role is now business-critical No longer seen purely as execution partners, recruiters are increasingly stepping into the role of strategic advisors who influence organisational capability and long-term growth. As Anand notes, this shift was always underway but is now being significantly amplified by AI. With deep visibility into skills, hiring patterns, and talent movement, recruiters bring a unique perspective to workforce strategy. AI amplifies this by giving them access to richer data, allowing them to anticipate needs, consult business leaders, and design talent pipelines aligned to organisational goals. LinkedIn’s research reinforces this shift, with 90% of recruiters saying AI will elevate them into strategic career advisors, and 89% believing automation will free them for value-added work. As Jain noted, this translates into tangible business impact — improving quality of hire, enhancing productivity and efficiency, and building greater workforce agility — positioning recruiters as true growth partners for the business. The connected workplace: where AI changes how teams hire, learn, and move talent Watch the first episode of Beyond AI, CVs & JDs here:

With rising demand for speed, quality and accuracy, more recruiters are relying on AI-powered tools across stages of the hiring process. From screening and assessments to personalised outreach, AI is supporting all stages of hiring, but value depends on judgment, governance, and role clarity.

Smarter hiring, bigger impact: why recruiters are becoming business-critical

United States President Donald Trump on Friday (Jan 10) said that his administration will no longer let the American public be "ripped off" by credit card companies that charge 20 to 30 per cent interest rates. He called for a one-year cap of 10 per cent. While this may read like a great idea, here's why the POTUS attempting to dictate market forces could actually be a "mistake" that Americans would end up paying for.<h3>Trump's 'anniversary gift'?</h3>In a post on Truth Social, Trump said that the cap would take effect on January 20, 2026, exactly one year after he returned to office. This effectively makes the credit card interest cap an "anniversary gift" to the American public.Also read | <a href="https://www.wionews.com/world/trump-says-won-t-let-americans-be-ripped-off-offers-relief-from-20-30-credit-card-interest-rates-1768023567271">Trump says won't let Americans be 'ripped off,' offers relief from 20-30% credit card interest rates</a>"Effective January 20, 2026, I, as President of the United States, am calling for a one-year cap on Credit Card Interest Rates of 10%," Trump wrote. He said the date would coincide with what he called the "historic and very successful" first year of his administration.<h2>Dangerous waters ahead</h2>On X, Brian Krassenstein, an anti-Trump influencer and podcaster, pointed out that “what this will do is force the credit card companies to drop all the people who have bad credit and only provide credit to those who have good and excellent credit.”

<blockquote class="twitter-tweet">Newsflash: you can’t announce this. You need an act of Congress for this to take place. Moreover, what this will do is force the credit card companies to drop all the people who have bad credit and only provide credit to those who have good and excellent credit.— Brian Krassenstein (@krassenstein) <a href="https://twitter.com/krassenstein/status/2009806466379817178?ref_src=twsrc%5Etfw">January 10, 2026</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Billionaire investor Bill Ackman, who had endorsed Trump during the 2024 presidential elections also publicly criticised the proposal, warning it was a "mistake".&nbsp;

<blockquote class="twitter-tweet">This is a mistake President <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a>. Without being able to charge rates adequate enough to cover losses and to earn an adequate return on equity, credit card lenders will cancel cards for millions of consumers who will have to turn to loan sharks for credit at rates… <a href="https://t.co/d0yvkGzSZ4">https://t.co/d0yvkGzSZ4</a>— Bill Ackman (@BillAckman) <a href="https://twitter.com/BillAckman/status/2009812485302264099?ref_src=twsrc%5Etfw">January 10, 2026</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

<h2>How can the proposal hurt Americans</h2>As Krassenstein stated, capping the credit rate interest rates could lead to companies denying credit to Americans with bad credit scores, as a safeguard against losing money.Also read | <a href="https://www.wionews.com/trending/shot-dying-then-insulted-disturbing-video-shows-ice-agent-mutter-crude-slur-after-killing-renee-nicole-good-fucking-bitch-jonathan-ross-1768018859463">Shocking video shows ICE agent spit crude slur after killing Renee Good | Watch</a>This could push people to seeking loans from other sources, including "loan sharks" notorious for offering unregulated, usually sky-high interest rates, and dubious terms as pointed out by Ackman: "Without being able to charge rates adequate enough to cover losses and to earn an adequate return on equity, credit card lenders will cancel cards for millions of consumers who will have to turn to loan sharks for credit at rates higher than and on terms inferior to what they previously paid."According to the Washington-based Bank Policy Institute (BPI), "as many as two-thirds" of cardholders who regularly use credit cards for borrowing by rolling over a portion of their balance from month to month could face adverse effects. This, as per the institute, translates to "14.3 million individuals and families".<h2>Possible ways banks might respond to the interest rate cap</h2>As per BPI, there are a number of steps banks might take to safeguard themselves.- They could deny credit lines to people with bad credit scores.- Banks could reduce credit limits and raise the minimum payment required.- They could seek to reduce costs by engaging in less marketing and promotional activity, "including by eliminating or curtailing zero-interest or low-rate promotional offers".- For consumers whose pre-existing rates exceed the cap only marginally, banks might reduce interest rates to comply with the cap. Nevertheless, Banks' willingness depends on their credit card activities' current profitability.<h2>Can Trump implement this unilaterally without the US Congress?</h2>Trump did not outline how the cap would be implemented or whether it would require congressional approval. Still, he argued that the intent was clear. "Please be informed that we will no longer let the American Public be 'ripped off' by Credit Card Companies that are charging Interest Rates of 20 to 30%, and even more", he said, casting the move as part of a broader affordability push.However, Trump cannot implement the cap unilaterally. To do it formally would require congressional legislation. His announcement, for now, is more of a proposal or call for action, and not an immediate executive order.&nbsp;

US President Donald Trump’s proposed 10% cap on credit card interest sounds consumer-friendly, but critics warn it could backfire. Here's how.

United States President Donald Trump on Friday (Jan 10) said that his administration will no longer let the American public be "ripped off" by credit card companies that charge 20 to 30 per cent interest rates. He called for a one-year cap of 10 per cent. While this may read like a great idea, here's why the POTUS attempting to dictate market forces could actually be a "mistake" that Americans would end up paying for. Trump's 'anniversary gift'? In a post on Truth Social, Trump said that the cap would take effect on January 20, 2026, exactly one year after he returned to office. This effectively makes the credit card interest cap an "anniversary gift" to the American public. Also read | Trump says won't let Americans be 'ripped off,' offers relief from 20-30% credit card interest rates "Effective January 20, 2026, I, as President of the United States, am calling for a one-year cap on Credit Card Interest Rates of 10%," Trump wrote. He said the date would coincide with what he called the "historic and very successful" first year of his administration. Dangerous waters ahead On X, Brian Krassenstein, an anti-Trump influencer and podcaster, pointed out that “what this will do is force the credit card companies to drop all the people who have bad credit and only provide credit to those who have good and excellent credit.”

US President Donald Trump’s proposed 10% cap on credit card interest sounds consumer-friendly, but critics warn it could backfire. Here's how.

Dangerous waters: How Trump's 10% credit card interest rate cap can turn into a gift for 'loan sharks'

United States President Donald Trump has called for a one-year cap of 10 per cent, vowing that his administration will no longer let the American public be "ripped off" by credit card companies that charge 20 to 30 per cent interest rates.<h2>Trump's 'anniversary gift' to the American public?</h2>In a post on Truth Social, Trump said that the cap would take effect on January 20, 2026, exactly one year after he returned to office. This effectively makes the credit card interest cap an "anniversary gift" to the American public. The announcement happens to be the fulfilment of a key campaign promise made during the 2024 presidential race, one that critics had repeatedly accused him of shelving during much of his first term.Also read | <a href="https://www.wionews.com/business-economy/dangerous-waters-how-trump-s-10-credit-card-interest-rate-cap-can-turn-into-a-gift-for-loan-sharks-1768033556399">Dangerous waters: Trump's 10% credit card interest rate cap and ‘loan sharks’</a>"Effective January 20, 2026, I, as President of the United States, am calling for a one-year cap on Credit Card Interest Rates of 10%," Trump wrote. He said the date would coincide with what he called the "historic and very successful" first year of his administration.The president also took aim at his predecessor, Joe Biden, blaming him for allowing high interest rates. The high interest rates "festered unimpeded during the Sleepy Joe Biden Administration," he claimed.

<h2>Can Trump implement this unilaterally without the US Congress?</h2>Trump did not outline how the cap would be implemented or whether it would require congressional approval. Still, he argued that the intent was clear. "Please be informed that we will no longer let the American Public be 'ripped off' by Credit Card Companies that are charging Interest Rates of 20 to 30%, and even more", he said, casting the move as part of a broader affordability push.However, Trump cannot implement the cap unilaterally. To do it formally would require congressional legislation. His announcement, for now, is more of a proposal or call for action, and not an immediate executive order.Also read | <a href="https://www.wionews.com/trending/trump-beware-denmark-soldiers-will-shoot-first-ask-questions-later-if-us-tries-to-invade-greenland-1767862463458">Trump Beware! Denmark soldiers will 'shoot first, ask questions later' if US tries to invade Greenland</a><h2>Reactions to Trump's credit cap announcement</h2>On X, the official White House account reposted the Truth Social message with the caption "HUGE: President Donald J. Trump announces a one-year cap on Credit Card Interest Rates of 10% effective January 20, 2026."&nbsp;

<blockquote class="twitter-tweet">HUGE: President Donald J. Trump announces a one year cap on Credit Card Interest Rates of 10% effective January 20, 2026. 💸 <a href="https://t.co/WKJ4Fk4SnC">pic.twitter.com/WKJ4Fk4SnC</a>&mdash; The White House (@WhiteHouse) <a href="https://twitter.com/WhiteHouse/status/2009799629442035968?ref_src=twsrc%5Etfw">January 10, 2026</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

The announcement triggered swift reactions with many celebrating the interest rate cap, however other raised concern about the POTUS attempt to control market forces. "what this will do is force the credit card companies to drop all the people who have bad credit and only provide credit to those who have good and excellent credit," pointed out Brian Krassenstein, an anti-Trump influencer and podcaster. Similarly, not all of Trump’s allies were impressed. Billionaire investor Bill Ackman who had endorsed Trump during the 2024 presidential elections, publicly criticised the proposal, warning it was a "mistake". He argued that limiting rates would push lenders to cancel cards for higher-risk consumers, potentially driving them toward "loan sharks".Also read | <a href="https://www.wionews.com/world/trump-says-venezuela-open-for-business-but-big-oil-isn-t-convinced-uninvestable-says-exxon-1768015196739">Trump makes bold Venezuela oil play, but Exxon says 'uninvestable' | Deets here</a> &nbsp;

Donald Trump has called for a cap of 10 per cent on credit card interest, pitching it as an anniversary gift to Americans fed up with high rates. All you need to know.

United States President Donald Trump has called for a one-year cap of 10 per cent, vowing that his administration will no longer let the American public be "ripped off" by credit card companies that charge 20 to 30 per cent interest rates. Trump's 'anniversary gift' to the American public? In a post on Truth Social, Trump said that the cap would take effect on January 20, 2026, exactly one year after he returned to office. This effectively makes the credit card interest cap an "anniversary gift" to the American public. The announcement happens to be the fulfilment of a key campaign promise made during the 2024 presidential race, one that critics had repeatedly accused him of shelving during much of his first term. Also read | Dangerous waters: Trump's 10% credit card interest rate cap and ‘loan sharks’ "Effective January 20, 2026, I, as President of the United States, am calling for a one-year cap on Credit Card Interest Rates of 10%," Trump wrote. He said the date would coincide with what he called the "historic and very successful" first year of his administration. The president also took aim at his predecessor, Joe Biden, blaming him for allowing high interest rates. The high interest rates "festered unimpeded during the Sleepy Joe Biden Administration," he claimed.

Donald Trump has called for a cap of 10 per cent on credit card interest, pitching it as an anniversary gift to Americans fed up with high rates. All you need to know.

Trump says won't let Americans be 'ripped off,' offers relief from 20-30% credit card interest rates

US President Donald Trump on Friday (Jan 9) met with top American oil executives, urging them to pour money into Venezuela's vast oil reserves, pitching the country as 'open for business' after the dramatic capture of president Nicolas Maduro. However, the response from the industry was cautious at best, with one top executive commenting that Venezuela was "uninvestable".<h2>Was a deal reached?</h2>After the vital meeting, Trump claimed that big oil companies were prepared to invest "at least 100 Billion Dollars" though he offered no details. However, reports suggest otherwise. Despite Trump's assurance that companies will have "total security," his pitch was met with scepticism.&nbsp;Also read | <a href="https://www.wionews.com/world/-deal-with-us-directly-trump-in-meeting-with-oil-executives-claims-us-not-venezuela-will-make-decisions-on-caracas-vast-reserves-1768010458229">Trump tells oil executives US will make decisions on Venezuela's vast reserves</a>According to AFP, Darren Woods, the chief executive of ExxonMobil, bluntly questioned the premise. "We've had our assets seized there twice," he said. "And so, you can imagine, to re-enter a third time would require some pretty significant changes.""If we look at the legal and commercial constructs and frameworks in place today in Venezuela -- today, it's uninvestable," he added.Trump argued that foreign firms had been exposed and unprotected under Maduro’s rule, but claimed that had now changed. "Now you have total security," he told the room. "It's a whole different Venezuela". He insisted that oil companies would "deal with us directly."<h2>Who was in attendance?</h2>Alongside Trump, in attendance were Vice President JD Vance, Secretary of State Marco Rubio and Energy Secretary Chris Wright. They met with executives from Chevron, ExxonMobil, ConocoPhillips, Halliburton, Shell, Valero, Marathon, Trafigura, Vitol Americas and Repsol, among others.A ConocoPhillips spokesperson said CEO Ryan Lance welcomed discussions about making Venezuela "investment ready," but stopped short of any commitments.Also read | <a href="https://www.wionews.com/india-news/india-lost-a-major-trade-deal-because-of-no-call-from-modi-says-trump-aide-lutnick-1767944914723">India lost a major trade deal with US because of ‘no call from Modi’, says Trump aide Lutnick</a>Energy analysts also warned that Venezuela's headline reserves, estimated at around 300 billion barrels, do not translate into quick or profitable production. Years of neglect, crumbling infrastructure, heavy crude that is costly to extract and lingering political risk all pose serious obstacles."There's lots of talk about the size of the reserves -- 300 billion barrels of proved reserves -- but what's often missing from the conversation is how realistic it is for those to be economically extracted," said Rich Collett White of Carbon Tracker.Following the talks, even Trump's Energy Secretary Chris Wright conceded that rebuilding Venezuela's oil sector would "take time," despite earlier saying Washington could control it "indefinitely".

Donald Trump claimed oil giants were ready to invest $100 billion in Venezuela after Maduro’s capture. However, oil executives pushed back, saying the country was “uninvestable” despite US assurances. All you need to know.

US President Donald Trump on Friday (Jan 9) met with top American oil executives, urging them to pour money into Venezuela's vast oil reserves, pitching the country as 'open for business' after the dramatic capture of president Nicolas Maduro. However, the response from the industry was cautious at best, with one top executive commenting that Venezuela was "uninvestable". Was a deal reached? After the vital meeting, Trump claimed that big oil companies were prepared to invest "at least 100 Billion Dollars" though he offered no details. However, reports suggest otherwise. Despite Trump's assurance that companies will have "total security," his pitch was met with scepticism. Also read | Trump tells oil executives US will make decisions on Venezuela's vast reserves According to AFP, Darren Woods, the chief executive of ExxonMobil, bluntly questioned the premise. "We've had our assets seized there twice," he said. "And so, you can imagine, to re-enter a third time would require some pretty significant changes." "If we look at the legal and commercial constructs and frameworks in place today in Venezuela -- today, it's uninvestable," he added. Trump argued that foreign firms had been exposed and unprotected under Maduro’s rule, but claimed that had now changed. "Now you have total security," he told the room. "It's a whole different Venezuela". He insisted that oil companies would "deal with us directly." Who was in attendance? Alongside Trump, in attendance were Vice President JD Vance, Secretary of State Marco Rubio and Energy Secretary Chris Wright. They met with executives from Chevron, ExxonMobil, ConocoPhillips, Halliburton, Shell, Valero, Marathon, Trafigura, Vitol Americas and Repsol, among others. A ConocoPhillips spokesperson said CEO Ryan Lance welcomed discussions about making Venezuela "investment ready," but stopped short of any commitments. Also read | India lost a major trade deal with US because of ‘no call from Modi’, says Trump aide Lutnick Energy analysts also warned that Venezuela's headline reserves, estimated at around 300 billion barrels, do not translate into quick or profitable production. Years of neglect, crumbling infrastructure, heavy crude that is costly to extract and lingering political risk all pose serious obstacles. "There's lots of talk about the size of the reserves -- 300 billion barrels of proved reserves -- but what's often missing from the conversation is how realistic it is for those to be economically extracted," said Rich Collett White of Carbon Tracker. Following the talks, even Trump's Energy Secretary Chris Wright conceded that rebuilding Venezuela's oil sector would "take time," despite earlier saying Washington could control it "indefinitely".

Donald Trump claimed oil giants were ready to invest $100 billion in Venezuela after Maduro’s capture. However, oil executives pushed back, saying the country was “uninvestable” despite US assurances. All you need to know.

Trump says Venezuela 'open for business,' but big oil isn't convinced; 'Uninvestable' says Exxon

US President Donald Trump on Friday (Jan 9) urged top American oil executives to pour money into Venezuela's vast oil reserves, pitching the country as 'open for business' after the dramatic capture of former president Nicolas Maduro. The response from the industry, however, was cautious at best.<h2>'Deal with us directly'</h2>Speaking at the White House, Trump told executives that the United States, not Caracas, would decide which companies are allowed to operate in Venezuela. "We're going to be making the decision as to which oil companies are going to go in," he said. "(We're) going to cut a deal with the companies".In attendance were Vice President JD Vance, Secretary of State Marco Rubio and Energy Secretary Chris Wright, alongside executives from Chevron, ExxonMobil, ConocoPhillips, Halliburton, Shell, Valero, Marathon, Trafigura, Vitol Americas and Repsol.Also read | <a href="https://www.wionews.com/india-news/india-lost-a-major-trade-deal-because-of-no-call-from-modi-says-trump-aide-lutnick-1767944914723">India lost a major trade deal with US because of ‘no call from Modi’, says Trump aide Lutnick</a>Trump argued that foreign firms had been exposed and unprotected under Maduro’s rule, but claimed that had now changed. "Now you have total security," he told the room. "It's a whole different Venezuela". He insisted that oil companies would "deal with us directly," making it clear that Washington intends to position itself as the gatekeeper to Venezuela's oil wealth, sidelining the oil-rich but cash-starved nation from decisions about exploiting its own resources.<h2>How receptive were the oil executives?</h2>Reports suggest that Trump's pitch was met with scepticism. According to AFP, Darren Woods, the chief executive of ExxonMobil, bluntly questioned the premise. "We've had our assets seized there twice," he said. "And so, you can imagine, to re-enter a third time would require some pretty significant changes."Also read | <a href="https://www.wionews.com/world/-we-are-gonna-start-now-hitting-land-donald-trump-says-us-will-launch-land-strikes-against-drug-cartels-1767929603922">'We are gonna start now hitting land': Donald Trump says US will launch strikes against drug cartels | Watch</a>"If we look at the legal and commercial constructs and frameworks in place today in Venezuela -- today, it's uninvestable," he added.&nbsp;The meeting came less than a week after US forces captured Maduro, an operation Trump has openly linked to control over Venezuela's oil.&nbsp; &nbsp;

Donald Trump urged US oil giants to invest in Venezuela after Maduro’s capture, promising security and saying Washington will decide who drills. Here's what he said.

US President Donald Trump on Friday (Jan 9) urged top American oil executives to pour money into Venezuela's vast oil reserves, pitching the country as 'open for business' after the dramatic capture of former president Nicolas Maduro. The response from the industry, however, was cautious at best. 'Deal with us directly' Speaking at the White House, Trump told executives that the United States, not Caracas, would decide which companies are allowed to operate in Venezuela. "We're going to be making the decision as to which oil companies are going to go in," he said. "(We're) going to cut a deal with the companies". In attendance were Vice President JD Vance, Secretary of State Marco Rubio and Energy Secretary Chris Wright, alongside executives from Chevron, ExxonMobil, ConocoPhillips, Halliburton, Shell, Valero, Marathon, Trafigura, Vitol Americas and Repsol. Also read | India lost a major trade deal with US because of ‘no call from Modi’, says Trump aide Lutnick Trump argued that foreign firms had been exposed and unprotected under Maduro’s rule, but claimed that had now changed. "Now you have total security," he told the room. "It's a whole different Venezuela". He insisted that oil companies would "deal with us directly," making it clear that Washington intends to position itself as the gatekeeper to Venezuela's oil wealth, sidelining the oil-rich but cash-starved nation from decisions about exploiting its own resources. How receptive were the oil executives? Reports suggest that Trump's pitch was met with scepticism. According to AFP, Darren Woods, the chief executive of ExxonMobil, bluntly questioned the premise. "We've had our assets seized there twice," he said. "And so, you can imagine, to re-enter a third time would require some pretty significant changes." Also read | 'We are gonna start now hitting land': Donald Trump says US will launch strikes against drug cartels | Watch "If we look at the legal and commercial constructs and frameworks in place today in Venezuela -- today, it's uninvestable," he added. The meeting came less than a week after US forces captured Maduro, an operation Trump has openly linked to control over Venezuela's oil.

Donald Trump urged US oil giants to invest in Venezuela after Maduro’s capture, promising security and saying Washington will decide who drills. Here's what he said.

'Deal with us directly': Trump tells oil executives US, not Venezuela, will make decisions on Caracas' vast reserves