Trump penalised India for continuing to be “Russia’s largest buyer of energy, along with China,” despite the ongoing war in Ukraine. He also took aim at India’s heavy reliance on Russian military equipment, arguing that such ties contradict Western pressure on Russia US President Donald Trump’s latest move to impose a blanket 25% tariff on…
India’s energy security and economic stability may be heading into rough waters. With global pressure mounting over India’s ongoing dependence on Russian oil, experts at commodities analytics firm Kpler warn that if India is pushed to reduce or halt these purchases, it could end up paying an extra $9 to $11 billion every year on…
Indonesia’s annual economic growth accelerated to 5.12% in the second quarter from 4.87% in the previous three months, official data showed Tuesday. A Reuters poll had expected growth of 4.80%. The second-quarter growth rate was the fastest since the second quarter of 2023, data from the statistics bureau showed. Read More…
Removal of import restrictions by a major Indian rice importer will help boost the grain’s exports and reduce the impact of fresh US tariffs, Indian Rice Exporters Federation said on Monday. Read More…
This is an AI Free Zone: Text created by Large Language Models is spreading across the Internet. It’s well-written, but frequently inaccurate. If you find a mistake on Spaceweather.com, rest assured it was made by a real human being. Read More…
In a critical juncture for US-China trade relations, officials from both nations are working to resolve their differences and potentially reach a trade agreement that could prevent the imposition of severe tariffs. Read More…
The term ‘recession indicator’ is trending all over social media in the US. Have you ever wondered what do a Labubu toy and the US Treasury yield curve have in common? For Gen Z, everything from the popularity of Labubus to listening to emo music to lipstick sales are a possible indicator of a recession.…
Apple CEO Tim Cook said that most iPhones sold in the US during last quarter i.e. Q2 were made in India, despite President Donald Trump’s repeated criticism of Apple’s manufacturing shift. Speaking after Apple’s quarterly results on July 31, Cook said India has now become the main hub for iPhone production for the US market,…
Indian Tea Industry has been witnessing a steady growth in the quantum of tea imported to India. While in 2019 15.80 million kgs of tea where imported and in 2023 the imported tea stood at 23.65million kgs. TAI stated that the actual export of Tea of Kenya to India in 2024 (as published by Tea…
The India-US trade imbroglio continues. While all eyes are on August 7, the new date from which the 25% Trump tariff will be applicable, SBI Reseach has come out with a bold statement. They have said that this current salvo of tariffs plus penalty from US President, Donald Trump is a “bad business decision.” Moreover,…