Hopes for easing trade tensions under Donald Trump were dashed as he threatened new tariffs on the EU and smartphones, causing market instability. Despite some progress with the UK and potential deals with India, Trump asserted his aggressive trade strategy, leaving business leaders wary of ongoing uncertainty.
The rupee at record low will end India’s cheap-money era
Elevated energy import costs have pushed the Indian rupee to a record low, prompting urgent questions about Reserve Bank of India rate hikes. Despite a