China’s military conducted a naval and air patrol in the disputed South China Sea on Sunday – the same day the Philippines, US, Japan and Australia held joint drills in the area. Watch to know more.

Japan, Australia, Philippines and US hold joint military drills in South China Sea

The first solar eclipse of 2024 is slated to occur today, but it will not be seen from India. This total solar eclipse will travel across North America, covering Mexico, the United States, and Canada. Watch to know more.

Total Solar Eclipse 2024: Skywatchers in India to miss solar eclipse

Exercise in South China Sea: Japan, US, Australia & the Philippines hold maritime drill

North America is set to witness a celestial phenomenon as a total solar eclipse is set to darken the skies over north America. The event known as totality will be visible from a 185-km stretch spanning Mexico, the US And Canada offering a once in a lifetime experience. Watch in for more details!

Eclipse fever grips US | Apps to plan your Eclipse photographs

Total Solar Eclipse to sweep across North America

Russia's top Diplomat Sergey Lavrov is in China for talks on the war in Ukraine bilateral ties and the situation in Asia Pacific region. Watch in for more details!

Russia's foreign minister Sergei Lavrov in China to talk on Ukraine, Asia-Pacific

Watch in top headlines of the hour: - Russia's foreign minister arrives in China - Israel reduces troops in South Gaza - Netanyahu: One step away from victory - Iraq to send 10 mn litres of fuel to Gaza - India: NIA says 'unprovoked' attack on team - US: Boeing flight loses engine cover - Eclipse watchers hope for clear weather

US: Boeing flight loses engine cover | Russia declares emergency in Orenburg

Goldman Sachs Group has warned that the implementation of steep tariffs on Chinese imports proposed by former President Donald Trump, could hamper the growth of the US economy and lead to a surge in inflation. <o:p></o:p>

According to a Bloomberg report, the investment bank's analysts outlined that every percentage point increase in the effective tariff rate could possibly reduce US growth by up to 0.15 per cent, particularly if China responds with retaliatory measures. <o:p></o:p>

Even if the resulting revenue from tariffs is utilised to finance tax cuts, leading to increased spending and investment, the impact on gross domestic product (GDP) would still be huge, with a projected minimum decline of 0.05 per cent.<o:p></o:p>

Goldman Sachs’s analysis suggests that a major escalation in tariffs could elevate core consumer prices by just over 0.1 per cent. <o:p></o:p>

This increase arises from the likelihood of firms passing on the higher costs of imports to consumers, alongside opportunistic price adjustments by domestic producers. <o:p></o:p>

As a result, heightened tariffs could lead to a temporary surge in inflation lasting for approximately a year, posing additional challenges for policymakers tasked with maintaining price stability and economic growth.<o:p></o:p>

Former President Trump's tenure was marked by an aggressive stance towards trade with China, with the imposition of tariffs on over $300 billion worth of Chinese imports. <o:p></o:p>

This move triggered retaliatory measures from Beijing, contributing to growing trade tensions between the two economic powerhouses. <o:p></o:p>

While President Joe Biden has largely maintained these tariffs, Trump has indicated intentions to further escalate trade measures if re-elected in November's presidential vote, proposing an increase in China tariffs to at least 60 per cent. <o:p></o:p>

Goldman Sachs’s analysis indicates the magnitude of the impact of Trump's proposed tariff hikes. <o:p></o:p>

The effective tariff rate on Chinese imports increased by 1.5 percentage points between 2017 and 2019, and Trump's proposals could worsen this trend, resulting in far-reaching economic consequences. <o:p></o:p>

Although higher tariffs would boost government revenues by approximately $30 billion per year, or 0.1 per cent, Goldman Sachs’s senior economist Ronnie Walker warned that the overall effect on the economy would likely be negative. <o:p></o:p>

Walker noted that the adverse effects of higher tariffs on GDP are expected to outweigh the benefits, with the decline in real income and consumer spending outweighing any reductions in the trade deficit.<o:p></o:p>

Likewise, the indirect repercussions, such as diminished business sentiment and disruptions in global supply chains, could make the negative economic impact far worse.<o:p></o:p>

(With inputs from Bloomberg)<o:p></o:p>

Goldman Sachs Group has warned that the implementation of steep tariffs on Chinese imports proposed by former President Donald Trump, could hamper the growth of the US economy and lead to a surge in inflation.

Goldman Sachs Group has warned that the implementation of steep tariffs on Chinese imports proposed by former President Donald Trump, could hamper the growth of the US economy and lead to a surge in inflation. According to a Bloomberg report, the investment bank's analysts outlined that every percentage point increase in the effective tariff rate could possibly reduce US growth by up to 0.15 per cent, particularly if China responds with retaliatory measures. Even if the resulting revenue from tariffs is utilised to finance tax cuts, leading to increased spending and investment, the impact on gross domestic product (GDP) would still be huge, with a projected minimum decline of 0.05 per cent. Goldman Sachs’s analysis suggests that a major escalation in tariffs could elevate core consumer prices by just over 0.1 per cent. This increase arises from the likelihood of firms passing on the higher costs of imports to consumers, alongside opportunistic price adjustments by domestic producers. As a result, heightened tariffs could lead to a temporary surge in inflation lasting for approximately a year, posing additional challenges for policymakers tasked with maintaining price stability and economic growth. Former President Trump's tenure was marked by an aggressive stance towards trade with China, with the imposition of tariffs on over $300 billion worth of Chinese imports. This move triggered retaliatory measures from Beijing, contributing to growing trade tensions between the two economic powerhouses. While President Joe Biden has largely maintained these tariffs, Trump has indicated intentions to further escalate trade measures if re-elected in November's presidential vote, proposing an increase in China tariffs to at least 60 per cent. Goldman Sachs’s analysis indicates the magnitude of the impact of Trump's proposed tariff hikes. The effective tariff rate on Chinese imports increased by 1.5 percentage points between 2017 and 2019, and Trump's proposals could worsen this trend, resulting in far-reaching economic consequences. Although higher tariffs would boost government revenues by approximately $30 billion per year, or 0.1 per cent, Goldman Sachs’s senior economist Ronnie Walker warned that the overall effect on the economy would likely be negative. Walker noted that the adverse effects of higher tariffs on GDP are expected to outweigh the benefits, with the decline in real income and consumer spending outweighing any reductions in the trade deficit. Likewise, the indirect repercussions, such as diminished business sentiment and disruptions in global supply chains, could make the negative economic impact far worse. (With inputs from Bloomberg)

Goldman Sachs warns of economic consequences of Trump's proposed tariffs on China

Watch in Top Headlines of the hour: - Poland local elections a test for tusk - Fresh peace talks to start in Cairo - US alert amid Iran 'revenge' threat - ISRO Chief interview - WION Exclusive

Poland local elections a test for tusk | US alert amid Iran 'revenge' threat

The upcoming solar eclipse is proving to be a good omen for the travel and tourism industry in the united states. With some parts of the united states falling in the "path of totality", there has been an unprecedented demand for lodging from americans waiting to catch a glimpse of the celestial event. In monday's total solar eclipse, the moon will block the sun for millions of people in mexico, the united states and canada.

Solar Eclipse boosts demand for lodging in United States | World Business Watch

US Treasury Secretary Janet Yellen is on a four-day trip to China. Yellen on Sunday told Premier Li Qiang that difficult conversations have put the two economic superpowers on "a more stable footing". During her bilateral meeting in Beijing, yellen said that two countries have a "duty" to responsibly manage a complex relationship.

Yellen: US & China have to responsibly manage complex relationship

A recent study revealed that middle-aged Americans experience more loneliness than their European counterparts. Watch to know more.

Loneliness killing middle-aged Americans: Report

Watch in Top Headlines of the hour: -UK: Storm Kathleen havoc - US alert amid Iran 'revenge' threat - 'Chinese workers resent security' - ISRO Chief interview - WION Exclusive

UK: Storm Kathleen havoc | US alert amid Iran 'revenge' threat

Prior to joint military drills with its partners, the Philippines has claimed that two Chinese coastguard ships "harassed" Filipino fishing vessels within its exclusive economic zone (EEZ) in the disputed South China Sea. Watch to know more.

Philippines flags harrasment by China ahead of US-Japan drills

Watch in Top Headlines of the hour: - Tel Aviv: Wave of anti-Netanyahu protests - Fresh peace talks to start in Cairo - US alert amid Iran 'revenge' threat - ISRO Chief interview - WION Exclusive

Tel Aviv: Wave of anti-Netanyahu protests | Fresh peace talks to start in Cairo

US, Japan, Australia and Philippines hold drills

Loneliness killing middle-aged Americans: Study

Parts of US declare state of emergency, huge anticipation in US over total solar eclipse

The launch of India's first semi-cryogenic rocket schedule for today has been delayed again. It uses commercially available aviation turbine fuel or Kerosene and medical-grade liquid oxygen.

Indian astronauts being treated by US & Russian space agencies: S Somanath

Watch in Top Headlines of the hour: - Poland local elections a test for tusk - US alert amid Iran 'revenge' threat - 'Chinese workers resent security' - ISRO Chief interview - WION Exclusive

ISRO Chief on Gaganyaan capabilities | China workers resent security: Maryam Nawaz

Solar eclipse heats up US tourism, Rental bookings surge

US Officials issue Solar Eclipse warning, FBI Homeland security raises terror concerns

ISRO Chief India's space diplomacy | Poland local elections

Let's take a look at how the stock markets across the world performed this week. Both the US and European stock markets experienced a downturn this week amid surging bond yields following indications from fed officials of hesitancy towards rate cuts this year.

Risk-off sentiment hurts investors

China is too large to export its way to rapid growth -- that's US Treasury Secretary Janet Yellen's message to the asian powerhouse. Yellen, who is on a four-day visit to china, has flagged concerns over the economic fallout from Beijing's excess manufacturing capacity.

Yellen: China too large to export its way to rapid growth

The United States Department of Agriculture has recently disclosed updates recently related to the bird flu virus that is spreading through Dairy cattle.

US reveals bird flu updates in dairy cattle | Cattle movement implicated in bird flu outbreak

Earthquakes and aftershocks struck the East coast of the US on Friday, causing the buildings to shake and rattling nerves from Maryland to Maine. It's been termed as the biggest earthquake to hit the US coast in a century.

US Earthquake: Rare earthquake hits New York, felt across border area

US Earthquake: No reports of injuries or damage after earthquake, UNSC meet paused after tremor

A shooting incident at a bustling shopping mall in Florida has resulted in the deaths of two people&nbsp;and injuries to seven others.

According to Miami-Dade police, a confrontation erupted at the Martini Bar within the CityPlace Doral premises early Saturday morning (April 6). The altercation led to the fatal shooting of a security guard, who intervened in the altercation, by the gunman. Subsequently, the assailant was also killed in an exchange of gunfire with law enforcement, as reported by Alvaro Zabaleta, a Miami-Dade detective, cited by the Guardian.

Six bystanders, comprising five men and one woman, sustained injuries during the shootout, along with a police officer who was shot in the leg, as stated by Zabaleta.

“Officers that were working at the commercial establishment at the time immediately responded, and there was an exchange of gunfire,” Zabaleta said during a news conference.

“Unfortunately, the security guard lost his life while he was performing his duties, and of course, our heart goes out to that family,” he added.

The wounded police officer, who applied his own tourniquet according to CBS News, has been discharged from the hospital. Local residents expressed shock at the violent incident.

The identity of the shooter is being investigated by authorities.

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🇺🇸 
🔴<a href="https://twitter.com/hashtag/BREAKING?src=hash&amp;ref_src=twsrc%5Etfw">#BREAKING</a> 
MIAMI: Several people were shot, including a police officer, during a shooting this morning at Bar Martini, on City Place in Doral. <a href="https://t.co/HQvk16iSUV">pic.twitter.com/HQvk16iSUV</a>
— South Today (@SickleStar5) <a href="https://twitter.com/SickleStar5/status/1776599949435625732?ref_src=twsrc%5Etfw">April 6, 2024</a></blockquote>
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<h2>Police say not looking for any suspects</h2>

Police stated they are not searching for any suspects. Chief of Police Edwin Lopez, during a press briefing, commended the prompt response and "heroic deeds" of the City of Doral police officers on the scene, which prevented the situation from worsening.

The Florida Department of Law Enforcement is investigating the shooting involving officers, while Miami-Dade police are examining the homicide aspect.

<a href="https://www.wionews.com/world/data-lab-alarming-stats-in-charts-us-has-more-gun-dealers-than-mcdonalds-starbucks-outlets-put-together-617139">Also read |&nbsp;Data Lab | Alarming stats, in charts: US has more gun dealers than McDonald's, Starbucks outlets put together</a>

Authorities mentioned they aren't seeking any suspects but have detained several witnesses for questioning.

(With inputs from agencies)

A shooting incident at a bustling shopping mall in Florida has resulted in the deaths of two people and injuries to seven others. According to Miami-Dade police, a confrontation erupted at the Martini Bar within the CityPlace Doral premises early Saturday morning (April 6).

A shooting incident at a bustling shopping mall in Florida has resulted in the deaths of two people and injuries to seven others. According to Miami-Dade police, a confrontation erupted at the Martini Bar within the CityPlace Doral premises early Saturday morning (April 6). The altercation led to the fatal shooting of a security guard, who intervened in the altercation, by the gunman. Subsequently, the assailant was also killed in an exchange of gunfire with law enforcement, as reported by Alvaro Zabaleta, a Miami-Dade detective, cited by the Guardian. Six bystanders, comprising five men and one woman, sustained injuries during the shootout, along with a police officer who was shot in the leg, as stated by Zabaleta. “Officers that were working at the commercial establishment at the time immediately responded, and there was an exchange of gunfire,” Zabaleta said during a news conference. “Unfortunately, the security guard lost his life while he was performing his duties, and of course, our heart goes out to that family,” he added. The wounded police officer, who applied his own tourniquet according to CBS News, has been discharged from the hospital. Local residents expressed shock at the violent incident. The identity of the shooter is being investigated by authorities. 🇺🇸 🔴#BREAKING MIAMI: Several people were shot, including a police officer, during a shooting this morning at Bar Martini, on City Place in Doral. pic.twitter.com/HQvk16iSUV — South Today (@SickleStar5) April 6, 2024 × Police say not looking for any suspects Police stated they are not searching for any suspects. Chief of Police Edwin Lopez, during a press briefing, commended the prompt response and "heroic deeds" of the City of Doral police officers on the scene, which prevented the situation from worsening. The Florida Department of Law Enforcement is investigating the shooting involving officers, while Miami-Dade police are examining the homicide aspect. Also read | Data Lab | Alarming stats, in charts: US has more gun dealers than McDonald's, Starbucks outlets put together Authorities mentioned they aren't seeking any suspects but have detained several witnesses for questioning. (With inputs from agencies)

US: Two dead, seven injured in shooting at Florida shopping mall

US President Joe Biden urged the leaders of Egypt and Qatar to pressure Hamas militants to agree to a Gaza ceasefire and a hostage deal.

US President Biden urges Egypt, Qatar to press Hamas for peace talks | WION World DNA

US President Joe Biden visited Baltimore collapsed site to get a firsthand look at the efforts being made to clear away remains off the collapsed bridge.

US President Joe Biden surveys collapsed Baltimore bridge site, says 'nation has your back'

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