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The Indian stock market is making history — unfortunately, for the wrong reasons. The Nifty-50 index has fallen for 5 consecutive months, its longest losing run in 29 years. While benchmark indices ended little changed despite turbulent activity on Thursday, the market breadth or the advance-to-decline ratio hit a five-year low.

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Hong Kong and Singapore are intensifying their competition to become Asia’s leading cryptocurrency hub, each implementing strategic policies to attract investors and digital asset firms. Watch in for more details!

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Asian stock markets mostly ended in the red today, weighed down by concerns over U.S. investment restrictions on China and weak global economic data. Watch in for more details!

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While markets remain volatile amid US President Donald Trump’s tariffs onslaught, big tech giants seem to follow Trump’s aggressive ‘America first’ stance. The country is witnessing a surge in AI and semiconductor investments, with major firms committing hundreds of billions of dollars to expand domestic production. Watch in for more details!

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Indian equity markets ended lower today, with the Nifty closing at 22,553 down by 1%. The Sensex fell to 74,454 points.

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In recent weeks, Asian stocks have rallied, with Alibaba's sold earnings report boosting China's tech optimism further. The question doing the rounds in the markets is whether the AI euphoria is moving to Asia from America. Watch in for more details!

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As we mark 3 years since Russia invaded Ukraine in February 2022, 'peace' is now a far-sighted possibility. With Donald Trump pursuing an end to the Russia-Ukraine war, Ukraine's vast mineral wealth is now at the centre of negotiations.
Ukraine is home to some of the world's largest reserves of critical minerals. Reports estimate that 111 billion tonnes of resources worth $14.8 trillion are hidden beneath its soil. This includes essential rare earth metals like Neodymium, Lanthanum, and Yttrium. The country is ranked among the top 10 suppliers, and was a major supplier of Titanium, Gallium, and Neon gas before Russia's invasion, which disrupted Ukraine's energy supply chains. According to Ukraine, Russia controls over 40 per cent of its critical mineral resources.
&lsquo;We have information that, unfortunately, there is about $350 billion worth of these useful critical materials in the temporarily occupied territory. We understand that these are resources that the aggressor unfortunately has and that can be used. The same titanium, used primarily for the aviation industry, the defence industry, the medical industry, will be used against us in this fight,&rsquo; Yulia Svyrydenko, Ukraine&rsquo;s deputy prime minister, recently said.&nbsp;
<h2>United States eyes Ukraine's 'hidden wealth'</h2>
The US has been one of the major lenders for Ukraine since 2022. The billion-dollar aid made so far allowed Ukraine to persevere against the Russian onslaught. Now, with a new administration at the helm, Ukraine's foreign aid faces an uncertain future.
Donald Trump has expressed interest in Ukraine's critical mineral reserves to counter China's market dominance. Trump believes that Ukraine should allow access to its strategic reserves in exchange for continued military aid. However, Zelensky has rejected the deal, citing no benefit for Ukrainians. He argues that the proposed sum vastly exceeds the $100 billion in aid received from the US.
'That is why I did not allow ministers to sign the agreement because it is not ready. In my opinion, it does not protect us. It is not ready to protect us, our interests. For me, it is very important to talk about investments in Ukraine, and investments in particular. And it must be written out legally correctly, correctly, and it is an investment,' he said.
<h2>Commercial viability of Ukraine's critical minerals</h2>
According to experts, Ukraine's natural resource potential relies on outdated Soviet-era data. Additionally, the energy infrastructure of the country has been severely damaged, making large-scale mining projects difficult and expensive. The commercial aspects of the deal are still in question, with Ukraine's economic future at stake.

Business & Economy, Ukraine is ranked among the top 10 suppliers, and was a major supplier of Titanium, Gallium, and Neon gas before Russia's invasion

As we mark 3 years since Russia invaded Ukraine in February 2022, 'peace' is now a far-sighted possibility. With Donald Trump pursuing an end to the Russia-Ukraine war, Ukraine's vast mineral wealth is now at the centre of negotiations. Ukraine is home to some of the world's largest reserves of critical minerals. Reports estimate that 111 billion tonnes of resources worth $14.8 trillion are hidden beneath its soil. This includes essential rare earth metals like Neodymium, Lanthanum, and Yttrium. The country is ranked among the top 10 suppliers, and was a major supplier of Titanium, Gallium, and Neon gas before Russia's invasion, which disrupted Ukraine's energy supply chains. According to Ukraine, Russia controls over 40 per cent of its critical mineral resources. ‘We have information that, unfortunately, there is about $350 billion worth of these useful critical materials in the temporarily occupied territory. We understand that these are resources that the aggressor unfortunately has and that can be used. The same titanium, used primarily for the aviation industry, the defence industry, the medical industry, will be used against us in this fight,’ Yulia Svyrydenko, Ukraine’s deputy prime minister, recently said. United States eyes Ukraine's 'hidden wealth' The US has been one of the major lenders for Ukraine since 2022. The billion-dollar aid made so far allowed Ukraine to persevere against the Russian onslaught. Now, with a new administration at the helm, Ukraine's foreign aid faces an uncertain future. Donald Trump has expressed interest in Ukraine's critical mineral reserves to counter China's market dominance. Trump believes that Ukraine should allow access to its strategic reserves in exchange for continued military aid. However, Zelensky has rejected the deal, citing no benefit for Ukrainians. He argues that the proposed sum vastly exceeds the $100 billion in aid received from the US. 'That is why I did not allow ministers to sign the agreement because it is not ready. In my opinion, it does not protect us. It is not ready to protect us, our interests. For me, it is very important to talk about investments in Ukraine, and investments in particular. And it must be written out legally correctly, correctly, and it is an investment,' he said. Commercial viability of Ukraine's critical minerals According to experts, Ukraine's natural resource potential relies on outdated Soviet-era data. Additionally, the energy infrastructure of the country has been severely damaged, making large-scale mining projects difficult and expensive. The commercial aspects of the deal are still in question, with Ukraine's economic future at stake.

U.S-Ukraine critical minerals deal: What's at stake?

In recent weeks, Asian stocks have rallied, with Alibaba&rsquo;s sold earnings report boosting China&rsquo;s tech optimism further. The question doing the rounds in markets: is the ai euphoria moving to Asia from America?<o:p></o:p>
Last week's moves in Asian stocks give us a glimpse of euphoria in the regional tech stocks. An Asian stocks gauge jumped more than 1 per cent to its highest since November 8 on Friday, marking a sixth straight week of gains. That was also the longest such winning streak in over two years. <o:p></o:p>
<h2 class="MsoNormal">Chinese tech shares lift Asian markets<o:p></o:p></h2>
The Hang Seng index rose to a three-year peak. The Hang Seng index surged nearly four per cent to its highest level since February 2022, driven by a 14.7 per cent jump in Alibaba shares following strong earnings.<o:p></o:p>
The Hang Seng tech index climbed over six per cent. China's stock index gained over one per cent. The latest ai breakthrough by Deepseek has investor enthusiastic in China&rsquo;s technological prowess. That has propelled Chinese stocks to new heights in recent days.<o:p></o:p>
European and US stocks took a hit last week on weak economic data. US stocks have retreated from record highs as concerns around trade tariffs weighed on sentiment. Wall street suffered a broad selloff on Friday as investors grappled with weak economic data and persistent inflation concerns, prompting a flight to safer assets.<o:p></o:p>
Fresh economic reports fuelled concerns about a slowing US economy, with the University of Michigan consumer sentiment index falling sharply in February-- now that heightened inflation worries amid potential new tariffs meanwhile, existing home sales fell more than expected, and the US services PMI dipped into contraction territory, intensifying investor caution.<o:p></o:p>
One month after trump's inauguration, the investor euphoria around the so-called trump trade and the ai euphoria is fading. The S&amp;P 500's record run still trails European, Chinese and Mexican benchmarks, crypto assets are off their peak and the greenback looks anaemic.<o:p></o:p>
The dollar was trading near its year-to-date lows as the bulls were starting to get nervous. The conflict-of-interest narrative is also gaining traction. Despite a broader market weakness, Elon Musk's companies are set to add 613 billion dollars in value since the election.<o:p></o:p>
Commerce secretary Howard Lutnick built a new dynasty on wall street as he handed control of Cantor Fitzgerald to his sons. Looking ahead, investors will focus on fresh economic data, including fed policy signals. Geopolitical developments, particularly in Ukraine and US-China trade relations, will also be closely monitored.<o:p></o:p>
(With inputs from the agencies)<o:p></o:p>

Business & Economy: Last week's moves in Asian stocks give us a glimpse of euphoria in the regional tech stocks. An Asian stocks gauge jumped more than 1 per cent to its highest since November 8 on Friday, marking a sixth straight week of gains.

In recent weeks, Asian stocks have rallied, with Alibaba’s sold earnings report boosting China’s tech optimism further. The question doing the rounds in markets: is the ai euphoria moving to Asia from America? Last week's moves in Asian stocks give us a glimpse of euphoria in the regional tech stocks. An Asian stocks gauge jumped more than 1 per cent to its highest since November 8 on Friday, marking a sixth straight week of gains. That was also the longest such winning streak in over two years. Chinese tech shares lift Asian markets The Hang Seng index rose to a three-year peak. The Hang Seng index surged nearly four per cent to its highest level since February 2022, driven by a 14.7 per cent jump in Alibaba shares following strong earnings. The Hang Seng tech index climbed over six per cent. China's stock index gained over one per cent. The latest ai breakthrough by Deepseek has investor enthusiastic in China’s technological prowess. That has propelled Chinese stocks to new heights in recent days. European and US stocks took a hit last week on weak economic data. US stocks have retreated from record highs as concerns around trade tariffs weighed on sentiment. Wall street suffered a broad selloff on Friday as investors grappled with weak economic data and persistent inflation concerns, prompting a flight to safer assets. Fresh economic reports fuelled concerns about a slowing US economy, with the University of Michigan consumer sentiment index falling sharply in February-- now that heightened inflation worries amid potential new tariffs meanwhile, existing home sales fell more than expected, and the US services PMI dipped into contraction territory, intensifying investor caution. One month after trump's inauguration, the investor euphoria around the so-called trump trade and the ai euphoria is fading. The S&P 500's record run still trails European, Chinese and Mexican benchmarks, crypto assets are off their peak and the greenback looks anaemic. The dollar was trading near its year-to-date lows as the bulls were starting to get nervous. The conflict-of-interest narrative is also gaining traction. Despite a broader market weakness, Elon Musk's companies are set to add 613 billion dollars in value since the election. Commerce secretary Howard Lutnick built a new dynasty on wall street as he handed control of Cantor Fitzgerald to his sons. Looking ahead, investors will focus on fresh economic data, including fed policy signals. Geopolitical developments, particularly in Ukraine and US-China trade relations, will also be closely monitored. (With inputs from the agencies)

Is the AI euphoria moving to Asia?

It appears China is getting richer as India expands its electric vehicle (EV) sector, driven by government initiatives and consumer adoption. In 2023-24, the country sold 1.9 million EVs, making up 7.46 per cent of total automobile sales, said a report in The Print. This growth, it noted, led to increased dependence on Chinese imports, particularly for lithium-ion batteries and other key components.
According to The Print report, India is heavily reliant on China for its EV supply chain, with imports of EV batteries and magnets exceeding $7 billion over the last five years. These imports do not include smaller but essential components such as battery insulation materials, noted the report. Experts have raised concerns that this growing dependence may turn India into an "EV colony" of China, further widening the trade imbalance between the two nations.
China plays a major role in the global EV industry, accounting for over 53 per cent of the world&rsquo;s EV battery production in 2024. The country&rsquo;s government-backed investments in the sector have helped establish a strong global presence, affecting not only India but also markets in the US and the European Union.
Also read: <a href="https://www.wionews.com/autonews/chinas-byd-to-complete-usd-1-billion-indonesia-plant-by-year-end-executive-says-8637957">China's BYD to complete USD 1 billion Indonesia plant by year-end, executive says</a>
Chinese firms such as BYD and MG Motor have expanded their presence in India, with projections indicating that one in three EVs on Indian roads could be manufactured by Chinese companies in the near future. This trend raises concerns about economic and strategic vulnerabilities, as China holds significant leverage over the supply chain.
<h2 class="p1">India's Lack of Domestic Battery Manufacturing</h2>
Despite India&rsquo;s efforts to boost domestic EV production, the country currently lacks significant battery manufacturing capacity. Most Indian EV manufacturers, including Tata Motors, Mahindra &amp; Mahindra, Ola Electric, TVS, and Ather, do not produce their own batteries. Instead, they rely on imports of battery cells, mainly from China, with local companies like Exide Energy and Amara Raja assembling them in India.
Industry experts highlight that manufacturing EV batteries requires the production of battery cells, which no Indian company currently undertakes. This adds to India&rsquo;s import dependence, as lithium-ion battery imports have more than doubled since 2019, with China supplying over 75 per cent of these imports.
<h2 class="p1">Motors and Rare Earth Metals</h2>
In addition to batteries, Indian EV manufacturers rely on China for rare earth metals used in motors and controllers. Permanent magnets made from neodymium-iron-boron (Nd-Fe-B) are essential components of EV motors, and India has no significant domestic production capacity for these materials. As a result, the country must import them, with China serving as the primary supplier.
Chinese firms control a significant portion of the global supply of rare earth metals, further solidifying their influence over India&rsquo;s EV sector. Smaller EV components, such as insulation materials and contractors, are also primarily sourced from China.
Also read:&nbsp;<a href="https://www.wionews.com/autonews/a-rare-spectacle-of-125-vintage-cars-and-50-vintage-motorcycles-8743891">A rare spectacle of 125 vintage cars and 50 vintage motorcycles!</a>
<h2 class="p1">Policy Measures and Trade Shifts</h2>
To reduce import dependence and promote domestic manufacturing, India has imposed high import duties on completely built EVs, ranging from 70 per cent to 100 per cent. However, in March 2024, the government lowered import duties to 15 per cent for EV manufacturers committing to invest $500 million in local production.
This policy is expected to facilitate the entry of international players like Tesla into the Indian market. At the same time, German automakers, including Audi, Mercedes, Volkswagen, BMW, and Skoda, have gained a stronger foothold in the Indian EV import market. Germany accounted for a significant share of EV imports into India in 2023, surpassing China.
<h2 class="p1">Challenges and the Road Ahead</h2>
Experts suggest that India needs to focus on research and development (R&amp;D) to reduce dependency on China and establish a competitive EV industry. Currently, Indian battery companies allocate less than 2 per cent of their net sales to R&amp;D, while Chinese firms like BYD invest at least 10 per cent.
Some industry analysts argue that India should prioritise innovation in battery technology rather than competing with China in mass production. Given the rapid advancements in EV battery technology, investment in outdated battery manufacturing processes could become obsolete within a few years.
China's dominance in the global EV supply chain remains a significant challenge for India. Without indigenous alternatives for batteries, motors, and other key components, India's EV industry remains largely an assembly operation dependent on foreign imports. While domestic manufacturing efforts are underway, it will take years for India to establish a self-sufficient EV ecosystem.

Indian EV manufacturers rely on China for rare earth metals used in motors and controllers. Permanent magnets made from neodymium-iron-boron (Nd-Fe-B) are essential components of EV motors, and India has no significant domestic production capacity for these materials.

It appears China is getting richer as India expands its electric vehicle (EV) sector, driven by government initiatives and consumer adoption. In 2023-24, the country sold 1.9 million EVs, making up 7.46 per cent of total automobile sales, said a report in The Print. This growth, it noted, led to increased dependence on Chinese imports, particularly for lithium-ion batteries and other key components. According to The Print report, India is heavily reliant on China for its EV supply chain, with imports of EV batteries and magnets exceeding $7 billion over the last five years. These imports do not include smaller but essential components such as battery insulation materials, noted the report. Experts have raised concerns that this growing dependence may turn India into an "EV colony" of China, further widening the trade imbalance between the two nations. China plays a major role in the global EV industry, accounting for over 53 per cent of the world’s EV battery production in 2024. The country’s government-backed investments in the sector have helped establish a strong global presence, affecting not only India but also markets in the US and the European Union. Also read: China's BYD to complete USD 1 billion Indonesia plant by year-end, executive says Chinese firms such as BYD and MG Motor have expanded their presence in India, with projections indicating that one in three EVs on Indian roads could be manufactured by Chinese companies in the near future. This trend raises concerns about economic and strategic vulnerabilities, as China holds significant leverage over the supply chain. India's Lack of Domestic Battery Manufacturing Despite India’s efforts to boost domestic EV production, the country currently lacks significant battery manufacturing capacity. Most Indian EV manufacturers, including Tata Motors, Mahindra & Mahindra, Ola Electric, TVS, and Ather, do not produce their own batteries. Instead, they rely on imports of battery cells, mainly from China, with local companies like Exide Energy and Amara Raja assembling them in India. Industry experts highlight that manufacturing EV batteries requires the production of battery cells, which no Indian company currently undertakes. This adds to India’s import dependence, as lithium-ion battery imports have more than doubled since 2019, with China supplying over 75 per cent of these imports. Motors and Rare Earth Metals In addition to batteries, Indian EV manufacturers rely on China for rare earth metals used in motors and controllers. Permanent magnets made from neodymium-iron-boron (Nd-Fe-B) are essential components of EV motors, and India has no significant domestic production capacity for these materials. As a result, the country must import them, with China serving as the primary supplier. Chinese firms control a significant portion of the global supply of rare earth metals, further solidifying their influence over India’s EV sector. Smaller EV components, such as insulation materials and contractors, are also primarily sourced from China. Also read: A rare spectacle of 125 vintage cars and 50 vintage motorcycles! Policy Measures and Trade Shifts To reduce import dependence and promote domestic manufacturing, India has imposed high import duties on completely built EVs, ranging from 70 per cent to 100 per cent. However, in March 2024, the government lowered import duties to 15 per cent for EV manufacturers committing to invest $500 million in local production. This policy is expected to facilitate the entry of international players like Tesla into the Indian market. At the same time, German automakers, including Audi, Mercedes, Volkswagen, BMW, and Skoda, have gained a stronger foothold in the Indian EV import market. Germany accounted for a significant share of EV imports into India in 2023, surpassing China. Challenges and the Road Ahead Experts suggest that India needs to focus on research and development (R&D) to reduce dependency on China and establish a competitive EV industry. Currently, Indian battery companies allocate less than 2 per cent of their net sales to R&D, while Chinese firms like BYD invest at least 10 per cent. Some industry analysts argue that India should prioritise innovation in battery technology rather than competing with China in mass production. Given the rapid advancements in EV battery technology, investment in outdated battery manufacturing processes could become obsolete within a few years. China's dominance in the global EV supply chain remains a significant challenge for India. Without indigenous alternatives for batteries, motors, and other key components, India's EV industry remains largely an assembly operation dependent on foreign imports. While domestic manufacturing efforts are underway, it will take years for India to establish a self-sufficient EV ecosystem.

'$7 billion in 5 years': How China is getting rich from India's EV boom, says report

Asian shares rose on Friday, reversing Wall Street’s negative lead as the US exceptionalism narrative continued to lose its shine, while once unloved Chinese stocks found themselves more buyers thanks to optimism over AI.

Chinese shares lift Asian markets

In recent weeks, a wave of mass firings has swept through both the federal government and the tech industry in the United States, leading to significant upheaval for thousands of employees. President Donald Trump and Elon Musk, head of the Department of Government Efficiency (DOGE), have been at the forefront of these actions, each implementing extensive layoffs within their respective domains.
Since the commencement of President Trump's second term, approximately 20,000 federal civil service workers have been dismissed. These layoffs have predominantly targeted probationary employees with less than one or two years of service.
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Below is a table summarising the number of federal employees fired by the Trump administration since the start of its second term in January 2025. The numbers have been compiled using data from various agencies and based on the latest available information as of February 21, 2025, with estimates where exact figures could be incomplete or unconfirmed.
<figure class="tinymce-table-div">
<table border="1" style="border-collapse: collapse; width: 639px; height: 815.944px; border-width: 1px; border-style: solid;"><colgroup><col style="width: 96px;"><col style="width: 422px;"><col style="width: 120px;"></colgroup>
<tbody>
<tr style="height: 99.1953px;">
<td style="height: 99.1953px;">S. No</td>
<td style="height: 99.1953px;">
Department/Agency
</td>
<td style="height: 99.1953px;">
Number of Employees Fired
</td>
</tr>
<tr style="height: 22.3984px;">
<td style="height: 22.3984px;">1</td>
<td style="height: 22.3984px;">Internal Revenue Service</td>
<td style="height: 22.3984px;">6000-6500</td>
</tr>
<tr style="height: 22.3984px;">
<td style="height: 22.3984px;">2</td>
<td style="height: 22.3984px;">Department of Agriculture (USDA)</td>
<td style="height: 22.3984px;"></td>
</tr>
<tr style="height: 22.3984px;">
<td style="height: 22.3984px;"></td>
<td style="height: 22.3984px;">US Forest Service</td>
<td style="height: 22.3984px;">3400</td>
</tr>
<tr style="height: 22.3984px;">
<td style="height: 22.3984px;"></td>
<td style="height: 22.3984px;">Other USDA Divisions</td>
<td style="height: 22.3984px;">800</td>
</tr>
<tr style="height: 22.3984px;">
<td style="height: 22.3984px;">3</td>
<td style="height: 22.3984px;">Department of Energy (DOE)</td>
<td style="height: 22.3984px;"></td>
</tr>
<tr style="height: 22.3984px;">
<td style="height: 22.3984px;"></td>
<td style="height: 22.3984px;">Main DOE</td>
<td style="height: 22.3984px;">2000</td>
</tr>
<tr style="height: 22.3984px;">
<td style="height: 22.3984px;"></td>
<td style="height: 22.3984px;">National Nuclear Security Administration</td>
<td style="height: 22.3984px;">300-325</td>
</tr>
<tr style="height: 22.3984px;">
<td style="height: 22.3984px;">4</td>
<td style="height: 22.3984px;">Department of Veterans Affairs (VA)</td>
<td style="height: 22.3984px;">&gt; 1000</td>
</tr>
<tr style="height: 44.7969px;">
<td style="height: 44.7969px;">5</td>
<td style="height: 44.7969px;">Department of Health and Human Services</td>
<td style="height: 44.7969px;"></td>
</tr>
<tr style="height: 22.3984px;">
<td style="height: 22.3984px;"></td>
<td style="height: 22.3984px;">Centers for Disease Control and Prevention</td>
<td style="height: 22.3984px;">1300</td>
</tr>
<tr style="height: 22.3984px;">
<td style="height: 22.3984px;"></td>
<td style="height: 22.3984px;">Indian Health Services (IHS)</td>
<td style="height: 22.3984px;">&gt; 850</td>
</tr>
<tr style="height: 22.3984px;">
<td style="height: 22.3984px;"></td>
<td style="height: 22.3984px;">Other HHS (NIH, FDA, etc.)</td>
<td style="height: 22.3984px;">3050</td>
</tr>
<tr style="height: 44.7969px;">
<td style="height: 44.7969px;">6</td>
<td style="height: 44.7969px;">Department of Homeland Security (DHS)</td>
<td style="height: 44.7969px;"></td>
</tr>
<tr style="height: 22.3984px;">
<td style="height: 22.3984px;"></td>
<td style="height: 22.3984px;">Federal Emergency Management Agency</td>
<td style="height: 22.3984px;">&gt; 200</td>
</tr>
<tr style="height: 22.3984px;">
<td style="height: 22.3984px;"></td>
<td style="height: 22.3984px;">Cybersecurity and Infrastructure Security</td>
<td style="height: 22.3984px;">&gt; 130</td>
</tr>
<tr style="height: 22.3984px;">
<td style="height: 22.3984px;"></td>
<td style="height: 22.3984px;">US Citizenship and Immigration Services</td>
<td style="height: 22.3984px;">&lt; 50</td>
</tr>
<tr style="height: 22.3984px;">
<td style="height: 22.3984px;"></td>
<td style="height: 22.3984px;">Transportation Security Administration (TSA)</td>
<td style="height: 22.3984px;">243</td>
</tr>
<tr style="height: 22.3984px;">
<td style="height: 22.3984px;">7</td>
<td style="height: 22.3984px;">Department of Interior</td>
<td style="height: 22.3984px;">2300</td>
</tr>
<tr style="height: 22.3984px;">
<td style="height: 22.3984px;">8</td>
<td style="height: 22.3984px;">Department of Education</td>
<td style="height: 22.3984px;">50-100</td>
</tr>
<tr style="height: 22.3984px;">
<td style="height: 22.3984px;">9</td>
<td style="height: 22.3984px;">Small Business Administration (SBA)</td>
<td style="height: 22.3984px;">720</td>
</tr>
<tr style="height: 22.3984px;">
<td style="height: 22.3984px;">10</td>
<td style="height: 22.3984px;">Office of Personal Management (OPM)</td>
<td style="height: 22.3984px;">250</td>
</tr>
<tr style="height: 22.3984px;">
<td style="height: 22.3984px;">11</td>
<td style="height: 22.3984px;">Environmental Protection Agency (EPA)</td>
<td style="height: 22.3984px;">388</td>
</tr>
<tr style="height: 22.3984px;">
<td style="height: 22.3984px;">12</td>
<td style="height: 22.3984px;">National Archives and Records</td>
<td style="height: 22.3984px;">64</td>
</tr>
<tr style="height: 22.3984px;">
<td style="height: 22.3984px;">13</td>
<td style="height: 22.3984px;">Consumer Financial Protection Bureau</td>
<td style="height: 22.3984px;">170</td>
</tr>
<tr style="height: 22.3984px;">
<td style="height: 22.3984px;">14</td>
<td style="height: 22.3984px;">Department of Justice (DOJ)</td>
<td style="height: 22.3984px;"></td>
</tr>
<tr style="height: 22.3984px;">
<td style="height: 22.3984px;"></td>
<td style="height: 22.3984px;">US Attorney's Office (Washington, DC)&nbsp;</td>
<td style="height: 22.3984px;">&gt; 12</td>
</tr>
<tr style="height: 22.3984px;">
<td style="height: 22.3984px;"></td>
<td style="height: 22.3984px;">Federal Bureau of Investigation (FBI)</td>
<td style="height: 22.3984px;">8</td>
</tr>
<tr style="height: 22.3984px;">
<td style="height: 22.3984px;">15</td>
<td style="height: 22.3984px;">Federal Aviation Administration (FAA)</td>
<td style="height: 22.3984px;">200-300</td>
</tr>
<tr style="height: 22.3984px;">
<td style="height: 22.3984px;">16</td>
<td style="height: 22.3984px;">US Agency for International Development</td>
<td style="height: 22.3984px;">600+</td>
</tr>
<tr style="height: 22.3984px;">
<td style="height: 22.3984px;"></td>
<td style="height: 22.3984px;">TOTAL</td>
<td style="height: 22.3984px;">20000-25000</td>
</tr>
</tbody>
</table>
</figure>
This table reflects the latest scenario, but numbers may shift as additional data emerges or legal challenges (e.g., CFPB, USAID) resolve. Federal workers have expressed confusion and anger over the sudden terminations, especially those who had received positive performance evaluations prior to their dismissal.&nbsp;
Also read: <a href="https://www.wionews.com/world/us-judge-refuses-to-halt-trump-administrations-mass-layoffs-of-federal-employees-8742559">US judge refuses to halt Trump administrations mass layoffs of federal employees</a>
The extensive layoffs orchestrated by President Trump and Elon Musk have far-reaching implications for both public sector operations and private industry practices. While supporters argue that these measures are necessary for efficiency and cost reduction, critics contend that the loss of experienced personnel and the erosion of institutional knowledge could undermine the effectiveness of essential services and operations.&nbsp;

Federal workers have expressed confusion and anger over the sudden terminations, especially those who had received positive performance evaluations prior to their dismissal.

In recent weeks, a wave of mass firings has swept through both the federal government and the tech industry in the United States, leading to significant upheaval for thousands of employees. President Donald Trump and Elon Musk, head of the Department of Government Efficiency (DOGE), have been at the forefront of these actions, each implementing extensive layoffs within their respective domains. Since the commencement of President Trump's second term, approximately 20,000 federal civil service workers have been dismissed. These layoffs have predominantly targeted probationary employees with less than one or two years of service. Also read: Why Elon Musk wants to 'crash' International Space Station as soon as possible? Below is a table summarising the number of federal employees fired by the Trump administration since the start of its second term in January 2025. The numbers have been compiled using data from various agencies and based on the latest available information as of February 21, 2025, with estimates where exact figures could be incomplete or unconfirmed. S. No Department/Agency Number of Employees Fired 1 Internal Revenue Service 6000-6500 2 Department of Agriculture (USDA) US Forest Service 3400 Other USDA Divisions 800 3 Department of Energy (DOE) Main DOE 2000 National Nuclear Security Administration 300-325 4 Department of Veterans Affairs (VA) > 1000 5 Department of Health and Human Services Centers for Disease Control and Prevention 1300 Indian Health Services (IHS) > 850 Other HHS (NIH, FDA, etc.) 3050 6 Department of Homeland Security (DHS) Federal Emergency Management Agency > 200 Cybersecurity and Infrastructure Security > 130 US Citizenship and Immigration Services < 50 Transportation Security Administration (TSA) 243 7 Department of Interior 2300 8 Department of Education 50-100 9 Small Business Administration (SBA) 720 10 Office of Personal Management (OPM) 250 11 Environmental Protection Agency (EPA) 388 12 National Archives and Records 64 13 Consumer Financial Protection Bureau 170 14 Department of Justice (DOJ) US Attorney's Office (Washington, DC) > 12 Federal Bureau of Investigation (FBI) 8 15 Federal Aviation Administration (FAA) 200-300 16 US Agency for International Development 600+ TOTAL 20000-25000 This table reflects the latest scenario, but numbers may shift as additional data emerges or legal challenges (e.g., CFPB, USAID) resolve. Federal workers have expressed confusion and anger over the sudden terminations, especially those who had received positive performance evaluations prior to their dismissal. Also read: US judge refuses to halt Trump administrations mass layoffs of federal employees The extensive layoffs orchestrated by President Trump and Elon Musk have far-reaching implications for both public sector operations and private industry practices. While supporters argue that these measures are necessary for efficiency and cost reduction, critics contend that the loss of experienced personnel and the erosion of institutional knowledge could undermine the effectiveness of essential services and operations.

'National layoff': Trump and Elon Musk fire over 20,000 employees from US federal workforce! Check out the full list

Imagine owning a credit card that perfectly matches your lifestyle, offering benefits specifically designed for your unique needs. With the latest innovations in the financial sector, this is now possible. Customisable credit cards empower you to design a card that aligns with your spending habits and preferences, providing a personalised banking experience.
Customisable credit cards allow you to select features, rewards, and benefits that cater to your lifestyle. Whether you&rsquo;re a frequent traveller, a food enthusiast, or an avid online shopper, these cards let you prioritise perks that matter most to you. For example, you can opt for cashback on dining, reward points for travel bookings, or discounts on e-commerce platforms.&nbsp; &nbsp; Banks offering this facility typically provide a base card with optional add-ons, such as enhanced reward points, higher credit limits, or waived fees for specific transactions, often at an additional cost. &nbsp;
<h2>Why choose a customisable credit card?</h2>
1. Maximise value &nbsp;
These cards are designed to offer maximum value by allowing you to tailor benefits to your spending patterns. For instance, if dining out is a significant expense, you can choose cashback on restaurants. If you travel often, you can prioritise rewards on flight and hotel bookings. Many cards also let you switch benefits periodically, ensuring your card adapts to your evolving lifestyle. &nbsp;&nbsp; 2. Flexibility &nbsp;
Some issuers allow cardholders to adjust their selected benefits every few months. This flexibility ensures your card remains relevant to your changing needs, making it a versatile financial tool. &nbsp;&nbsp; 3. Cost efficiency &nbsp;
While customisable cards may come with higher fees, the personalised perks can make them cost-effective in the long run. For example, consistent cashback or reward points on your primary spending categories can offset the additional costs. Some cards also waive annual fees if you meet specific spending thresholds.&nbsp; &nbsp;
<h2>Things to consider&nbsp;</h2>
1. Understand your spending habits &nbsp;
Analyse your spending patterns to identify your primary expenses. This will help you choose the most relevant benefits. For instance, if you spend heavily on groceries, prioritise cashback on supermarket purchases. &nbsp;
2. Avoid over-customisation
While the freedom to add multiple features is appealing, each add-on may come with extra costs. Focus on essential benefits to avoid inflating your annual fees. &nbsp;
3. Evaluate the base card &nbsp;
Ensure the base card meets your basic needs, even without customisations. Check details like interest rates, billing cycles, and default perks such as complimentary insurance or airport lounge access. &nbsp;
4. Review terms and conditions &nbsp;
Carefully read the fine print, as some features may have usage caps or expiry dates. For example, cashback rewards might be limited to a specific amount per month. Also make sure to compare different cards to evaluate different features. This will help you make an informed decision that aligns with your financial goals. &nbsp;
Customisable credit cards are an excellent choice for those who have well-defined spending habits and the discipline to manage features responsibly. However, if your spending is diverse or unpredictable, a traditional card with broad benefits might be more suitable.&nbsp;

Business & Economy, Customisable credit cards empower you to design a card that aligns with your spending habits and preferences, providing a personalised banking experience.

Imagine owning a credit card that perfectly matches your lifestyle, offering benefits specifically designed for your unique needs. With the latest innovations in the financial sector, this is now possible. Customisable credit cards empower you to design a card that aligns with your spending habits and preferences, providing a personalised banking experience. Customisable credit cards allow you to select features, rewards, and benefits that cater to your lifestyle. Whether you’re a frequent traveller, a food enthusiast, or an avid online shopper, these cards let you prioritise perks that matter most to you. For example, you can opt for cashback on dining, reward points for travel bookings, or discounts on e-commerce platforms. Banks offering this facility typically provide a base card with optional add-ons, such as enhanced reward points, higher credit limits, or waived fees for specific transactions, often at an additional cost. Why choose a customisable credit card? 1. Maximise value These cards are designed to offer maximum value by allowing you to tailor benefits to your spending patterns. For instance, if dining out is a significant expense, you can choose cashback on restaurants. If you travel often, you can prioritise rewards on flight and hotel bookings. Many cards also let you switch benefits periodically, ensuring your card adapts to your evolving lifestyle. 2. Flexibility Some issuers allow cardholders to adjust their selected benefits every few months. This flexibility ensures your card remains relevant to your changing needs, making it a versatile financial tool. 3. Cost efficiency While customisable cards may come with higher fees, the personalised perks can make them cost-effective in the long run. For example, consistent cashback or reward points on your primary spending categories can offset the additional costs. Some cards also waive annual fees if you meet specific spending thresholds. Things to consider 1. Understand your spending habits Analyse your spending patterns to identify your primary expenses. This will help you choose the most relevant benefits. For instance, if you spend heavily on groceries, prioritise cashback on supermarket purchases. 2. Avoid over-customisation While the freedom to add multiple features is appealing, each add-on may come with extra costs. Focus on essential benefits to avoid inflating your annual fees. 3. Evaluate the base card Ensure the base card meets your basic needs, even without customisations. Check details like interest rates, billing cycles, and default perks such as complimentary insurance or airport lounge access. 4. Review terms and conditions Carefully read the fine print, as some features may have usage caps or expiry dates. For example, cashback rewards might be limited to a specific amount per month. Also make sure to compare different cards to evaluate different features. This will help you make an informed decision that aligns with your financial goals. Customisable credit cards are an excellent choice for those who have well-defined spending habits and the discipline to manage features responsibly. However, if your spending is diverse or unpredictable, a traditional card with broad benefits might be more suitable.

Build your own credit card: Tailor-made financial tools for your lifestyle

A couple of days after proposing universal tariffs of 25 per cent on autos, drugs and pharma imports, US President Donald Trump hinted at a trade deal with China. <o:p></o:p>Trump said a trade deal with China is "possible," even though Beijing is one of the key targets of his tariff rhetoric. The president had agreed to "A great trade deal with China" in 2020.<o:p></o:p>
However, as soon as he was in the white house, trump announced sweeping tariffs on foes and allies. And since then, has shown that he wants a deal and not a war. One can say he is getting a deal based on how things have turned out since his threats of import taxes. <o:p></o:p>India, for example, has given him some concessions and is rushing for a trade deal with the US before his reciprocal and other tariffs kick in. Trump's argument for trade levies is to lower the massive US trade deficit.&nbsp;<o:p></o:p>
<h2 class="MsoNormal">Beijing says 'tariff wars produce no winners'<o:p></o:p></h2>
While Beijing has retaliated with tit-for-tat tariffs on US imports in response to trump's hint of a China deal, Beijing said there are no winners in a trade war. That gives hope of a trade deal sooner rather than later. <o:p></o:p>Data shows that China has the largest trade surplus with the United States in goods&mdash;295.4 billion dollars in 2024. Separately, the European union has responded to trump's tariffs with a promise of similar taxes.<o:p></o:p>
However, the EU trade chief has also signalled the bloc's willingness to negotiate a deal. Within the 27-nation EU, Germany has by far the largest trade surplus with the United States. <o:p></o:p>That is mainly because of the German automobile industry and chemical giants. Still, with trump using the zero-sum mentality more as a strategy, hopes for US trade deals with trading partners have risen.&nbsp;<o:p></o:p>
(With inputs from the agencies)<o:p></o:p>

Business & Economy: Trump said a trade deal with China is "possible," even though Beijing is one of the key targets of his tariff rhetoric. The president had agreed to "A great trade deal with China" in 2020.

A couple of days after proposing universal tariffs of 25 per cent on autos, drugs and pharma imports, US President Donald Trump hinted at a trade deal with China. Trump said a trade deal with China is "possible," even though Beijing is one of the key targets of his tariff rhetoric. The president had agreed to "A great trade deal with China" in 2020. However, as soon as he was in the white house, trump announced sweeping tariffs on foes and allies. And since then, has shown that he wants a deal and not a war. One can say he is getting a deal based on how things have turned out since his threats of import taxes. India, for example, has given him some concessions and is rushing for a trade deal with the US before his reciprocal and other tariffs kick in. Trump's argument for trade levies is to lower the massive US trade deficit. Beijing says 'tariff wars produce no winners' While Beijing has retaliated with tit-for-tat tariffs on US imports in response to trump's hint of a China deal, Beijing said there are no winners in a trade war. That gives hope of a trade deal sooner rather than later. Data shows that China has the largest trade surplus with the United States in goods—295.4 billion dollars in 2024. Separately, the European union has responded to trump's tariffs with a promise of similar taxes. However, the EU trade chief has also signalled the bloc's willingness to negotiate a deal. Within the 27-nation EU, Germany has by far the largest trade surplus with the United States. That is mainly because of the German automobile industry and chemical giants. Still, with trump using the zero-sum mentality more as a strategy, hopes for US trade deals with trading partners have risen. (With inputs from the agencies)

Trump floats another idea on trade, this time with China

According to the Reserve Bank of India’s (RBI) monthly State of the Economy report, the Indian economy is on a recovery trajectory in the second half of the current financial year (H2FY25). The report also highlights a growing likelihood that the policy repo rate cut during the February monetary policy review will stimulate domestic demand.

Economy on recovery path, rate cut to boost demand: RBI Report

US President Donald Trump floated new universal tariffs of 25 per cent on autos, drugs and chips, saying they could come as early as April. With this proposal, trump escalated his tariff rhetoric. In response, India has called for a bilateral meeting with the US to discuss trade ties.
<h2 class="MsoNormal">Japan raises auto tariff issue with US<o:p></o:p></h2>
Japan has raised auto tariffs concerns with the US, seeking concessions. In the next report, we look at if trump's tariff strategy as leverage to negotiate deals is working.&nbsp;&nbsp;A day after reiterating on reciprocal tariffs, trump proposed new universal taxes on imports of autos, semiconductors and pharmaceutical drugs. April is fast becoming a starting point for these US tariffs to kick in. However, there is no clarity on the details of trump's new proposal. India and Japan have rushed to negotiate trade ties before these taxes come into effect.<o:p></o:p>
Ahead of Indian prime minister Narendra Modi&rsquo;s US visit, the country had lowered import duties on high-end motorbikes and bourbon whiskey from America. India's concessions so far to the US come even before the reciprocal tariffs. Trump has called India the tariff king even as he acknowledged the recent cuts by the country. Citi group research pegs India&rsquo;s losses from trump's reciprocal taxes at 7 billion each year. Indian exporters of autos to agriculture are feeling anxious ahead of April, when these tariffs are expected to take effect. Citi analysts say the most vulnerable are chemicals, metal products, and jewellery, followed by automobiles, pharmaceuticals, and food products. Modi and trump agreed to double India-US trade 500 billion dollars this decade and pledged to negotiate a deal soon. Citi estimates India charged US imports an average of 11 per cent, around 8.2 percentage points higher than US tariffs on Indian exports. US manufacturing exports to India, valued at nearly 42 billion dollars last year, face significantly higher tariffs. This ranges from 7 per cent on wood products and machinery to as much as 15 to 20 per cent on footwear and transport equipment and nearly 68 per cent on food items. A White House fact sheet highlighted India&rsquo;s high tariffs on US farm goods and motorbikes. India's agricultural and food exports would be among the most severely affected if the US were to implement reciprocal duties. While India prefers to use tariffs on imported goods to boost domestic manufacturers, trump's zero-sum mentality stems from America&rsquo;s uneven trade math with both allies and foes. The US President has delayed tariffs on America&rsquo;s neighbouring countries; however, he is still focused on bringing down the trade deficit significantly. The shock and awe strategy seems to bring mixed reactions. The European union and China threatened tariffs on the US and warned trump's protectionist trade war would lead to worldwide recessions. Economists have also warned of inflationary concerns from trade wars. Uncertainty around the impact has markets, businesses and countries anxious, with some already caving in from the pressure.
&nbsp;
(With inputs from the agencies)<o:p></o:p>

Business & Economy: US President Donald Trump floated new universal tariffs of 25 per cent on autos, drugs and chips, saying they could come as early as April. With this proposal, trump escalated his tariff rhetoric.

US President Donald Trump floated new universal tariffs of 25 per cent on autos, drugs and chips, saying they could come as early as April. With this proposal, trump escalated his tariff rhetoric. In response, India has called for a bilateral meeting with the US to discuss trade ties. Japan raises auto tariff issue with US Japan has raised auto tariffs concerns with the US, seeking concessions. In the next report, we look at if trump's tariff strategy as leverage to negotiate deals is working. A day after reiterating on reciprocal tariffs, trump proposed new universal taxes on imports of autos, semiconductors and pharmaceutical drugs. April is fast becoming a starting point for these US tariffs to kick in. However, there is no clarity on the details of trump's new proposal. India and Japan have rushed to negotiate trade ties before these taxes come into effect. Ahead of Indian prime minister Narendra Modi’s US visit, the country had lowered import duties on high-end motorbikes and bourbon whiskey from America. India's concessions so far to the US come even before the reciprocal tariffs. Trump has called India the tariff king even as he acknowledged the recent cuts by the country. Citi group research pegs India’s losses from trump's reciprocal taxes at 7 billion each year. Indian exporters of autos to agriculture are feeling anxious ahead of April, when these tariffs are expected to take effect. Citi analysts say the most vulnerable are chemicals, metal products, and jewellery, followed by automobiles, pharmaceuticals, and food products. Modi and trump agreed to double India-US trade 500 billion dollars this decade and pledged to negotiate a deal soon. Citi estimates India charged US imports an average of 11 per cent, around 8.2 percentage points higher than US tariffs on Indian exports. US manufacturing exports to India, valued at nearly 42 billion dollars last year, face significantly higher tariffs. This ranges from 7 per cent on wood products and machinery to as much as 15 to 20 per cent on footwear and transport equipment and nearly 68 per cent on food items. A White House fact sheet highlighted India’s high tariffs on US farm goods and motorbikes. India's agricultural and food exports would be among the most severely affected if the US were to implement reciprocal duties. While India prefers to use tariffs on imported goods to boost domestic manufacturers, trump's zero-sum mentality stems from America’s uneven trade math with both allies and foes. The US President has delayed tariffs on America’s neighbouring countries; however, he is still focused on bringing down the trade deficit significantly. The shock and awe strategy seems to bring mixed reactions. The European union and China threatened tariffs on the US and warned trump's protectionist trade war would lead to worldwide recessions. Economists have also warned of inflationary concerns from trade wars. Uncertainty around the impact has markets, businesses and countries anxious, with some already caving in from the pressure. (With inputs from the agencies)

Trump's escalates tariff threat with new 25% universal taxes

India&rsquo;s edtech sector has seen a dramatic shift with the downfall of Byju&rsquo;s, once valued at $22 billion. While many of its acquired startups crumbled, Great Learning has emerged as a rare survivor, regaining independence and returning to profitability.<o:p></o:p>
<h2 class="MsoNormal">Navigating challenges in startup space<o:p></o:p></h2>
Acquired by Byju&rsquo;s for $600 million in 2021, great learning maintained operational control under its original founders, unlike other acquisitions that were integrated and later collapsed. As Byju&rsquo;s struggled with mounting debt, it attempted to sell Great Learning in 2023-24, but a failed deal led the edtech firm&rsquo;s ownership to shift to its founders and Byju&rsquo;s creditors. Despite ownership turbulence, great learning expanded globally, serving learners across India, the US, UK, and UAE. &nbsp;The company posted a net profit of $1.5 million in fiscal year 24, with revenue reaching $118 million&mdash;50 per cent of which comes from the US market. What changed? The company leveraged AI to reduce customer acquisition costs and optimise operations, avoiding layoffs while maintaining a 1,700-strong workforce. It also launched AI-powered courses under a new brand, Glaide, offering cost-effective upskilling solutions, particularly in India&rsquo;s price-sensitive market. With corporate demand for AI, data science, and machine learning skills rising, Great Learning&rsquo;s partnerships with top universities like Johns Hopkins and northwestern provide executive education that helps professionals secure significant salary hikes.<o:p></o:p>
The company has no immediate plans for fundraising or an IPO but aims to sustain profitability and expand. &nbsp;As Byju&rsquo;s crumbles, great learning&rsquo;s story highlights resilience in India&rsquo;s evolving edtech space, proving that strategic leadership and adaptability can turn a crisis into an opportunity.<o:p></o:p>
(With inputs from the agencies)<o:p></o:p>

Business & Economy: India’s edtech sector has seen a dramatic shift with the downfall of Byju’s, once valued at $22 billion. While many of its acquired startups crumbled, Great Learning has emerged as a rare survivor.

India’s edtech sector has seen a dramatic shift with the downfall of Byju’s, once valued at $22 billion. While many of its acquired startups crumbled, Great Learning has emerged as a rare survivor, regaining independence and returning to profitability. Navigating challenges in startup space Acquired by Byju’s for $600 million in 2021, great learning maintained operational control under its original founders, unlike other acquisitions that were integrated and later collapsed. As Byju’s struggled with mounting debt, it attempted to sell Great Learning in 2023-24, but a failed deal led the edtech firm’s ownership to shift to its founders and Byju’s creditors. Despite ownership turbulence, great learning expanded globally, serving learners across India, the US, UK, and UAE. The company posted a net profit of $1.5 million in fiscal year 24, with revenue reaching $118 million—50 per cent of which comes from the US market. What changed? The company leveraged AI to reduce customer acquisition costs and optimise operations, avoiding layoffs while maintaining a 1,700-strong workforce. It also launched AI-powered courses under a new brand, Glaide, offering cost-effective upskilling solutions, particularly in India’s price-sensitive market. With corporate demand for AI, data science, and machine learning skills rising, Great Learning’s partnerships with top universities like Johns Hopkins and northwestern provide executive education that helps professionals secure significant salary hikes. The company has no immediate plans for fundraising or an IPO but aims to sustain profitability and expand. As Byju’s crumbles, great learning’s story highlights resilience in India’s evolving edtech space, proving that strategic leadership and adaptability can turn a crisis into an opportunity. (With inputs from the agencies)

How Great Learning escaped Byju’s collapse

The sweeping tariffs threatened or already imposed by US President Donald Trump risk triggering inflation, market distortions, and even a global recession, China said Tuesday at the World Trade Organization.

US- China trade war escalates | China slams US tariffs

Argentine President Javier Milei on Monday denied promoting a cryptocurrency that crashed, costing investors billions of dollars and prompting a flood of complaints, as prosecutors prepared an investigation into the scandal. Watch to know more.

Argentina's President Milei denies crypto fraud allegations

The Ukraine peace talks between the US and Russia are also turning into pro-economic discussions. Representatives from Russia and the United States have initiated talks on reviving economic cooperation. Kirill Dmitriev, the CEO of the Russian direct investment fund, is at the centre of the negotiations.
According to him, US companies suffer equally from these sanctions, having lost an estimated $300 billion after exiting the Russian market. While details remain undisclosed, Dmitriev indicated that both sides are considering economic initiatives that could move forward within 2-3 months.
<h2>Impact of sanctions on the Russian economy</h2>
Russia has been severely impacted by the sanctions onslaught following the war in Ukraine. Measures include trade restrictions, freezing Russian assets worth $300 billion, and cutting Russian banks off global financial networks. Despite this, the Russian economy has survived, instead thrived, driven by military spending and 'shadow' oil revenues. The discussions in Saudi Arabia have come as a major relief for the Russian economy, which is slowly seeing the adverse effects of sanctions in the long run.&nbsp;
The question remains --- Could the US lift or ease economic sanctions on Russia? President Donald Trump has already voiced scepticism over economic sanctions. While he hinted at putting sanctions on the negotiations table to get some leverage, he also signalled a willingness to strike a broader deal.
While the Russian economy dealt with the consequences of sanctions, western brands were also in the crossfire. Many had to exit a lucrative Russian market and reassess their business priorities as geopolitical uncertainties mount.
<h2>Strategy shift for the European Union?</h2>
The European Union has not embraced the idea of opening to Russia, at least economically. The region controls most of Russia's frozen assets and has implemented 15 rounds of sanctions targeting Russian energy.
The EU will face a reality check if the US softens its stance on Russia. The union is also facing its own economic challenges, with corporations periodically highlighting the economic consequence of sanctions.
The coming months will determine whether these talks lead to a strategic realignment.&nbsp;

Business & Economy, The discussions in Saudi Arabia have come as a major relief for the Russian economy, which is slowly seeing the adverse effects of sanctions in the long run.

The Ukraine peace talks between the US and Russia are also turning into pro-economic discussions. Representatives from Russia and the United States have initiated talks on reviving economic cooperation. Kirill Dmitriev, the CEO of the Russian direct investment fund, is at the centre of the negotiations. According to him, US companies suffer equally from these sanctions, having lost an estimated $300 billion after exiting the Russian market. While details remain undisclosed, Dmitriev indicated that both sides are considering economic initiatives that could move forward within 2-3 months. Impact of sanctions on the Russian economy Russia has been severely impacted by the sanctions onslaught following the war in Ukraine. Measures include trade restrictions, freezing Russian assets worth $300 billion, and cutting Russian banks off global financial networks. Despite this, the Russian economy has survived, instead thrived, driven by military spending and 'shadow' oil revenues. The discussions in Saudi Arabia have come as a major relief for the Russian economy, which is slowly seeing the adverse effects of sanctions in the long run. The question remains --- Could the US lift or ease economic sanctions on Russia? President Donald Trump has already voiced scepticism over economic sanctions. While he hinted at putting sanctions on the negotiations table to get some leverage, he also signalled a willingness to strike a broader deal. While the Russian economy dealt with the consequences of sanctions, western brands were also in the crossfire. Many had to exit a lucrative Russian market and reassess their business priorities as geopolitical uncertainties mount. Strategy shift for the European Union? The European Union has not embraced the idea of opening to Russia, at least economically. The region controls most of Russia's frozen assets and has implemented 15 rounds of sanctions targeting Russian energy. The EU will face a reality check if the US softens its stance on Russia. The union is also facing its own economic challenges, with corporations periodically highlighting the economic consequence of sanctions. The coming months will determine whether these talks lead to a strategic realignment.

Russia eyes economic reset on Ukraine peace talks

Qatar has pledged a massive 10 billion dollars investment across key sectors in India, marking a major boost to trade and business ties between the two nations. The announcement came after a high-profile visit by Qatar&rsquo;s Emir Sheikh Tamim Bin Hamad al-Thani to New Delhi.<o:p></o:p>
<h2 class="MsoNormal">Qatar commits $10 billion investment in India<o:p></o:p></h2>
In a significant step towards strengthening bilateral relations. Qatar has committed to investing 10 billion dollars in India. Currently, Qatar&rsquo;s foreign direct investment has flowed into India into a variety of industries, including telecommunications, retail, education, healthcare, information technology, electricity, and affordable housing. The latest investment plan will span infrastructure, technology, manufacturing, food security, logistics, hospitality, and more. The announcement follows the first visit by a Qatari Emir to India in a decade.<o:p></o:p>
Amir of the state of Qatar, Sheikh Tamim bin Hamad al Thani, said, "Last year we witnessed significant progress in our cooperation, especially in the energy sector, with the signing of an important agreement between our two countries in the fields of trade and mutual investments." <o:p></o:p>
"Additionally, our countries reached an agreement to establish a strategic partnership, reflecting a strong commitment to developing cooperation in various fields and enhancing the bonds between our people."<o:p></o:p>
Trade between India and Qatar is already substantial. Bilateral trade between both the nations stood at 18.77 billion dollars. With liquefied natural gas or LNG being the major contributor. Qatar accounted for 48 per cent of India&rsquo;s LNG imports, solidifying its role as a key energy partner. India's exports to Qatar includes copper, construction material, cereals, vegetables, fruits, spices, and processed food products, electrical and other machinery, textiles and garments, chemicals and precious stones.<o:p></o:p>
Looking ahead, both countries aim to double trade volumes to 28 billion dollars within the next five years. Additionally, discussions are underway for a potential free trade agreement which could further boost economic ties. The agreement also explores deeper energy cooperation. Mutual investments in infrastructure and the settlement of trade in domestic currencies, a move that could reduce dependency on the dollar and enhance financial flexibility. <o:p></o:p>
(With the inputs from the agencies)<o:p></o:p>

Business & Economy: Qatar has pledged a massive 10 billion dollars investment across key sectors in India, marking a major boost to trade and business ties between the two nations

Qatar has pledged a massive 10 billion dollars investment across key sectors in India, marking a major boost to trade and business ties between the two nations. The announcement came after a high-profile visit by Qatar’s Emir Sheikh Tamim Bin Hamad al-Thani to New Delhi. Qatar commits $10 billion investment in India In a significant step towards strengthening bilateral relations. Qatar has committed to investing 10 billion dollars in India. Currently, Qatar’s foreign direct investment has flowed into India into a variety of industries, including telecommunications, retail, education, healthcare, information technology, electricity, and affordable housing. The latest investment plan will span infrastructure, technology, manufacturing, food security, logistics, hospitality, and more. The announcement follows the first visit by a Qatari Emir to India in a decade. Amir of the state of Qatar, Sheikh Tamim bin Hamad al Thani, said, "Last year we witnessed significant progress in our cooperation, especially in the energy sector, with the signing of an important agreement between our two countries in the fields of trade and mutual investments." "Additionally, our countries reached an agreement to establish a strategic partnership, reflecting a strong commitment to developing cooperation in various fields and enhancing the bonds between our people." Trade between India and Qatar is already substantial. Bilateral trade between both the nations stood at 18.77 billion dollars. With liquefied natural gas or LNG being the major contributor. Qatar accounted for 48 per cent of India’s LNG imports, solidifying its role as a key energy partner. India's exports to Qatar includes copper, construction material, cereals, vegetables, fruits, spices, and processed food products, electrical and other machinery, textiles and garments, chemicals and precious stones. Looking ahead, both countries aim to double trade volumes to 28 billion dollars within the next five years. Additionally, discussions are underway for a potential free trade agreement which could further boost economic ties. The agreement also explores deeper energy cooperation. Mutual investments in infrastructure and the settlement of trade in domestic currencies, a move that could reduce dependency on the dollar and enhance financial flexibility. (With the inputs from the agencies)

India and Qatar aim to double bilateral trade to $28 billion

Germany's high-stakes federal election is scheduled for Sunday. European stock markets are pricing in a near-perfect result. However, the risk is that investors may be more vulnerable to unpleasant surprises from the election outcome. <o:p></o:p>The German benchmark DAX index and other European stock indices have set new records repeatedly this year. That is largely driven by hopes that the next German administration would have a strong parliamentary majority and implement long-overdue reforms to revive the economy.<o:p></o:p>
<h2 class="MsoNormal">European shares break record highs<o:p></o:p></h2>
The German stock index has outperformed the US and European peers since the snap election was called. However, some analysts warn of the risks of betting on a definite outcome or underestimate the likelihood of market volatility. <o:p></o:p>Last year's surprise European parliament elections, which toppled the French government and led to a deep sell-off in markets, is a fine example of uncertainty.<o:p></o:p>
Daniel Murray, deputy chief investment officer at EFG asset management, said, "There is a clear risk that the outcome isn't as market friendly as is currently expected." He added, "If there's anything we've learned with regard to election outcomes, it's that they've become much less predictable."<o:p></o:p>
The German election has given investors hope that the new government will likely relax its tight borrowing restrictions. Friedrich Merz, the Christian democrat chancellor candidate, is leading in opinion polls and has shown a willingness to move away from the 'debt brake.' However, he has emphasised that Germany must first reduce bureaucracy and spending before contemplating further debt. A coalition including his party's alliance with either the social democrats or the greens &mdash; both advocates of increased borrowing &mdash; is regarded as the most market-friendly scenario.&nbsp;Investors will keep a close eye on the election outcome amidst a broader market risk of Trump's trade tariffs.<o:p></o:p>
(With the inputs from the agencies)<o:p></o:p>

Business & Economy: European stock markets are pricing in a near-perfect result. However, the risk is that investors may be more vulnerable to unpleasant surprises from the election outcome.

Germany's high-stakes federal election is scheduled for Sunday. European stock markets are pricing in a near-perfect result. However, the risk is that investors may be more vulnerable to unpleasant surprises from the election outcome. The German benchmark DAX index and other European stock indices have set new records repeatedly this year. That is largely driven by hopes that the next German administration would have a strong parliamentary majority and implement long-overdue reforms to revive the economy. European shares break record highs The German stock index has outperformed the US and European peers since the snap election was called. However, some analysts warn of the risks of betting on a definite outcome or underestimate the likelihood of market volatility. Last year's surprise European parliament elections, which toppled the French government and led to a deep sell-off in markets, is a fine example of uncertainty. Daniel Murray, deputy chief investment officer at EFG asset management, said, "There is a clear risk that the outcome isn't as market friendly as is currently expected." He added, "If there's anything we've learned with regard to election outcomes, it's that they've become much less predictable." The German election has given investors hope that the new government will likely relax its tight borrowing restrictions. Friedrich Merz, the Christian democrat chancellor candidate, is leading in opinion polls and has shown a willingness to move away from the 'debt brake.' However, he has emphasised that Germany must first reduce bureaucracy and spending before contemplating further debt. A coalition including his party's alliance with either the social democrats or the greens — both advocates of increased borrowing — is regarded as the most market-friendly scenario. Investors will keep a close eye on the election outcome amidst a broader market risk of Trump's trade tariffs. (With the inputs from the agencies)

German election risk to record high European stocks

CEO of Zee Entertainment Enterprises Ltd (ZEEL), Punit Goenka, said in an exclusive interview with Zee Business Managing Editor Anil Singhvi that the domestic investors' trust has grown in the company despite merger challenges with Sony. 'Other players in the industry have come from foreign markets, we have erected the business from the ground,' Goenka said as he participated in a range of topics - from market challenges to his long-term vision of the company.
<h2>Key takeaways:</h2>
'The real thrill is in creating content'
On his changing role in the company, Goenka said, 'I have never worked only for my shareholding in the company. The real thrill is in creating content, telling stories, and nothing else.' Goenka stepped down as Managing Director of ZEEL last year and now serves solely as the CEO. 'The entire credit of my leadership goes to my team,' he added.
'Only thing that matters is the interests of the company'
Regarding the much-hyped Sony-Zee merger, Goenka expressed openness to exploring such proposals even beyond Sony. In August, both companies settled a 6-month-long dispute related to a failed $10 billion merger. Both sides have agreed to withdraw all claims.
'We are focused on growth now'
On profits and competition, Goenka highlighted the post-merger 'chaos' and how the company took 6-7 months to optimise its costs. 'We have 3 pillars of growth: content, content monetisation and frugality,' he said. According to the CEO, the right content at the right cost is the key.
&nbsp;
The interview also touched upon several other points, including the evolving market environment and the role of compliance. According to Goenka, customers remain at the centre of their several initiatives, be it TV or OTT.
'I believe perhaps nobody in the industry goes to the extent when it comes to ensuring compliance the way we do...the board has only independent directors,' he said while talking about corporate governance.

Business & Economy, The interview also touched upon several other points, including the evolving market environment and the role of compliance.

CEO of Zee Entertainment Enterprises Ltd (ZEEL), Punit Goenka, said in an exclusive interview with Zee Business Managing Editor Anil Singhvi that the domestic investors' trust has grown in the company despite merger challenges with Sony. 'Other players in the industry have come from foreign markets, we have erected the business from the ground,' Goenka said as he participated in a range of topics - from market challenges to his long-term vision of the company. Key takeaways: 'The real thrill is in creating content' On his changing role in the company, Goenka said, 'I have never worked only for my shareholding in the company. The real thrill is in creating content, telling stories, and nothing else.' Goenka stepped down as Managing Director of ZEEL last year and now serves solely as the CEO. 'The entire credit of my leadership goes to my team,' he added. 'Only thing that matters is the interests of the company' Regarding the much-hyped Sony-Zee merger, Goenka expressed openness to exploring such proposals even beyond Sony. In August, both companies settled a 6-month-long dispute related to a failed $10 billion merger. Both sides have agreed to withdraw all claims. 'We are focused on growth now' On profits and competition, Goenka highlighted the post-merger 'chaos' and how the company took 6-7 months to optimise its costs. 'We have 3 pillars of growth: content, content monetisation and frugality,' he said. According to the CEO, the right content at the right cost is the key. The interview also touched upon several other points, including the evolving market environment and the role of compliance. According to Goenka, customers remain at the centre of their several initiatives, be it TV or OTT. 'I believe perhaps nobody in the industry goes to the extent when it comes to ensuring compliance the way we do...the board has only independent directors,' he said while talking about corporate governance.

Domestic investors’ trust has grown in ZEEL, says CEO Punit Goenka

The Indian Rupee made a significant comeback to mark its best week in 19 months after falling to a record low. The currency was lifted by the central bank's heavy intervention in the foreign exchange market and kept speculators betting against the currency at bay.<o:p></o:p>
The&nbsp;Rupee&nbsp;closed out the week 0.1 per cent higher at 86.82 against the dollar. For the week, it gained 0.7 per cent, the most since mid-July of 2023. This comes after the currency fell to a new all-time low of 87.95 on Monday.<o:p></o:p>
Slowing economic growth in India, the Reserve Bank of India&rsquo;s (RBI) rate cut last week, foreign investor exodus from domestic stocks, and fears of a global trade war in response to Trump's tariff measures have put pressure on the&nbsp;Rupee.<o:p></o:p>
<h2 class="MsoNormal">Rupee&nbsp;recovers sharply from record low<o:p></o:p></h2>
After the currency fell to a new life low, the RBI sold dollars in the foreign exchange market on Monday, limiting the&nbsp;Rupee's decline.<o:p></o:p>
The central bank reportedly intervened significantly again on Tuesday. The&nbsp;Rupee&nbsp;is expected to trade within the 86.60 to 87.20 range in the near term. The RBI burning through its forex reserves has raised some concerns.<o:p></o:p>
However, analysts gave a thumbs up to the central bank for intervening to stabilise the currency. Broad expectations were that the rbi would start limiting its intervention and start building on the forex reserves.<o:p></o:p>
The latest data shows India&rsquo;s import cover risen for the third consecutive week after having fallen for four months. Before the current positive run, the country's forex reserves had fallen in 15 of the 16 weeks, hitting an about 11-month low.<o:p></o:p>
India's import cover has fallen about 65 billion dollars since hitting a record high of about 705 billion dollars in September. Currently, India&rsquo;s forex war chest is sufficient to cover about 11 months of projected imports.<o:p></o:p>
(With inputs from the agencies)<o:p></o:p>

Business & Economy: The Indian Rupee made a significant comeback to mark its best week in 19 months after falling to a record low. The Rupee closed out the week 0.1 per cent higher at 86.82 against the dollar.

The Indian Rupee made a significant comeback to mark its best week in 19 months after falling to a record low. The currency was lifted by the central bank's heavy intervention in the foreign exchange market and kept speculators betting against the currency at bay. The Rupee closed out the week 0.1 per cent higher at 86.82 against the dollar. For the week, it gained 0.7 per cent, the most since mid-July of 2023. This comes after the currency fell to a new all-time low of 87.95 on Monday. Slowing economic growth in India, the Reserve Bank of India’s (RBI) rate cut last week, foreign investor exodus from domestic stocks, and fears of a global trade war in response to Trump's tariff measures have put pressure on the Rupee. Rupee recovers sharply from record low After the currency fell to a new life low, the RBI sold dollars in the foreign exchange market on Monday, limiting the Rupee's decline. The central bank reportedly intervened significantly again on Tuesday. The Rupee is expected to trade within the 86.60 to 87.20 range in the near term. The RBI burning through its forex reserves has raised some concerns. However, analysts gave a thumbs up to the central bank for intervening to stabilise the currency. Broad expectations were that the rbi would start limiting its intervention and start building on the forex reserves. The latest data shows India’s import cover risen for the third consecutive week after having fallen for four months. Before the current positive run, the country's forex reserves had fallen in 15 of the 16 weeks, hitting an about 11-month low. India's import cover has fallen about 65 billion dollars since hitting a record high of about 705 billion dollars in September. Currently, India’s forex war chest is sufficient to cover about 11 months of projected imports. (With inputs from the agencies)

Indian Rupee marks best week in 19 months

As US President Donald Trump seeks an end to the Russia Ukraine war, Europe seems unprepared to take on its substantial share of the responsibility to protect Ukraine and expand its defence. <o:p></o:p>Trump is starting to tell the leaders of the European union how to end the conflict in Ukraine. However, his demands are going to test the limits of the EU.<o:p></o:p>
Last week, Trump initiated peace negotiations in his discussion with his Russian counterpart, Vladimir Putin. <o:p></o:p>At the same time, the US Defence secretary briefed his European partners that they would need to shoulder the cost of any peace deal.<o:p></o:p>
<h2 class="MsoNormal">Europe&rsquo;s $3 trillion burden on Ukraine<o:p></o:p></h2>
According to Bloomberg economics, the big nations on the continent would likely need to spend an extra 3.1 trillion dollars over the next decade to defend Ukraine and build up their own military. <o:p></o:p>If the EU were to make such a pledge, it would reveal divisions within the bloc the alliance has been ignoring for far too long.<o:p></o:p>
Some politicians and security experts warn Putin will step up his efforts to undermine and, eventually, dismantle the European union and the north Atlantic treaty organisation (NATO).<o:p></o:p>
According to a Bloomberg report quoting two sources, European diplomats were stunned by trump's call with Putin as important partners were unaware of the significant diplomatic manoeuvre. <o:p></o:p>These sudden changes have shown just how big of a problem the Europeans are up against, and they are unprepared.<o:p></o:p>
Meanwhile, EU nations are debating whether to rely solely on European suppliers, who may not be prepared to provide some weapons for years or to also collaborate with the British or purchase from the Americans.<o:p></o:p>
Some have argued that the group would be better off spending its money on roads instead of weaponry. <o:p></o:p>The money needed to rebuild Ukraine&rsquo;s military over a decade may be as high as 175 billion dollars.<o:p></o:p>
Despite Zelenskiy&rsquo;s claims that even more troops will be needed, a peacekeeping force of forty thousand would cost around 30 billion dollars.<o:p></o:p>
Most of the funding would be used towards strengthening the military forces of EU member states and increasing the total defence budget to around 3.5 per cent of GDP. <o:p></o:p>The additional funds would be used to support missile systems, air defences, and artillery stocks.<o:p></o:p>
It would lead to a huge increase in the European defence industry's production, fortify the EU&rsquo;s eastern frontiers, and get the EU military ready for rapid deployment.<o:p></o:p>
(With inputs from the agencies)<o:p></o:p>

Business & Economy: Trump is starting to tell the leaders of the European union how to end the conflict in Ukraine. However, his demands are going to test the limits of the EU.

As US President Donald Trump seeks an end to the Russia Ukraine war, Europe seems unprepared to take on its substantial share of the responsibility to protect Ukraine and expand its defence. Trump is starting to tell the leaders of the European union how to end the conflict in Ukraine. However, his demands are going to test the limits of the EU. Last week, Trump initiated peace negotiations in his discussion with his Russian counterpart, Vladimir Putin. At the same time, the US Defence secretary briefed his European partners that they would need to shoulder the cost of any peace deal. Europe’s $3 trillion burden on Ukraine According to Bloomberg economics, the big nations on the continent would likely need to spend an extra 3.1 trillion dollars over the next decade to defend Ukraine and build up their own military. If the EU were to make such a pledge, it would reveal divisions within the bloc the alliance has been ignoring for far too long. Some politicians and security experts warn Putin will step up his efforts to undermine and, eventually, dismantle the European union and the north Atlantic treaty organisation (NATO). According to a Bloomberg report quoting two sources, European diplomats were stunned by trump's call with Putin as important partners were unaware of the significant diplomatic manoeuvre. These sudden changes have shown just how big of a problem the Europeans are up against, and they are unprepared. Meanwhile, EU nations are debating whether to rely solely on European suppliers, who may not be prepared to provide some weapons for years or to also collaborate with the British or purchase from the Americans. Some have argued that the group would be better off spending its money on roads instead of weaponry. The money needed to rebuild Ukraine’s military over a decade may be as high as 175 billion dollars. Despite Zelenskiy’s claims that even more troops will be needed, a peacekeeping force of forty thousand would cost around 30 billion dollars. Most of the funding would be used towards strengthening the military forces of EU member states and increasing the total defence budget to around 3.5 per cent of GDP. The additional funds would be used to support missile systems, air defences, and artillery stocks. It would lead to a huge increase in the European defence industry's production, fortify the EU’s eastern frontiers, and get the EU military ready for rapid deployment. (With inputs from the agencies)

EU’s burden to protect Ukraine and expanding militaries