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The Hindu
2 days ago
- The Hindu
The Hindu Morning Digest - August 9, 2025
Trump to meet Putin on August 15 in Alaska U.S. President Donald Trump on Friday (August 8, 2025) said he will meet with Russian President Vladimir Putin on August 15 in the U.S. State of Alaska. Earlier, Mr. Trump had said that he will meet 'very shortly' with Russian President Vladimir Putin to discuss ending the war in Ukraine, a potential major milestone after expressing weeks of frustration that more was not being done to quell the fighting. Rajnath postpones U.S. visit; defence purchases unaffected Defence Minister Rajnath Singh has postponed his visit to the U.S., which was originally scheduled for the last week of August. According to sources, the visit has been deferred — not cancelled, as earlier reported — and is likely to take place within the next couple of months. Modi, Putin discuss Ukraine amid Trump tariff row Amidst worsening ties with the United States over India's oil imports from Russia, Prime Minister Narendra Modi spoke over the telephone to Russian President Vladimir Putin on Friday night. According to statements from New Delhi and Moscow, the two leaders discussed Mr. Putin's upcoming visit to India for the 23rd Annual India Russia Summit, their strategic partnership, and the Ukraine conflict. Russia is not Iran, India can't cancel oil imports on U.S. demand: experts India cannot cancel oil imports from Russia as it did six years ago with Iran and Venezuela, given the difference in the scale and importance of the relationship, said experts, warning that the U.S.'s actions against India were damaging the relationship built over decades. In 2018, U.S. President Donald Trump had in his first term, demanded that India 'zero out' its oil imports from Iran and Venezuela. India had eventually complied with the demand before the deadline in May 2019. EU, U.K. ask Israel to reconsider escalation in Gaza as Germany suspends some arms exports to Israel European governments, on Friday, pushed back against the Israeli cabinet's approval of a plan to take over Gaza City. The U.K. and E.U. called for Tel Aviv to 'reconsider' its move and Germany said it would not export arms to Israel that could be used in the Gaza Strip. 'The Israeli government's decision to further extend its military operation in Gaza must be reconsidered,' European Commission President Ursula Von der Leyen said in a statement on social media site X, as she called for an immediate ceasefire. Day after Rahul Gandhi's 'expose', access to voter rolls hits a snag A day after Rahul Gandhi's 'expose' on the alleged voter roll manipulations in an Assembly constituency in Karnataka, the Election Commission's website through which Assembly-wise list of electoral rolls can be downloaded was not working intermittently on Friday. However, the EC posted on social media claiming the links were up. Irish Foreign Minister to meet Indian community members amid attacks Irish Foreign Minister Simon Harris will meet representatives of the Indian community in Ireland on Monday (August 11, 2025) to assure them of safety and security, the Embassy of Ireland said on Friday (August 8, 2025), as attacks against Indian community members soared in recent weeks. In a statement, the Embassy here expressed 'shock' about the indiscriminate attacks against the members of the Indian community. Apollo 13 moon mission leader James Lovell dies at 97 James Lovell, the commander of Apollo 13 who helped turn a failed moon mission into a triumph of on-the-fly can-do engineering, has died. He was 97. In 1968, the Apollo 8 crew of Lovell, Frank Borman and William Anders was the first to leave Earth's orbit and the first to fly to and circle the moon. They could not land, but they put the US ahead of the Soviets in the space race. During the harrowing Apollo 13 flight in April 1970, Lovell was supposed to be the fifth man to walk on the moon. But Apollo 13's service module, carrying Lovell and two others, experienced a sudden oxygen tank explosion on its way to the moon. The astronauts barely survived, spending four cold and clammy days in the cramped lunar module as a lifeboat. Uttarkashi flash floods: Rescue efforts at Dharali continue, heavy rain forecast Rescue and relief operations at Dharali, the village in Uttarakhand ravaged by flash floods on August 5, continued for the fourth day on Friday (August 8, 2025) amid fresh warning of heavy rainfall across the State in the next 24 hours. Doubled U.S. tariffs to increase risks to India's growth, inflation, says Moody's The 50% tariff imposed by U.S. President Donald Trump is expected to increase risk to India's growth and inflation, rating agency Moody's said on Friday. 'Should India continue to procure Russian oil at the expense of the headline 50% tariff rate on goods it ships to the U.S., which is currently its largest export destination, we project that real GDP growth may slow by around 0.3 percentage points compared with our current forecast of 6.3% growth for fiscal 2025-26,' Moody's said.
Business Standard
2 days ago
- Business Standard
Herbalife India Recognised as 'Leader of the Year - Consumer Health' at the 12th IAA Leadership Awards
PRNewswire Mumbai (Maharashtra) [India], August 8: Herbalife India, a premier health and wellness company, community and platform, has been named the 'Leader of the Year - Consumer Health' at the 12th edition of the International Advertising Association (IAA) Leadership Awards, held in Mumbai on August 7. The recognition comes as part of IAA's annual effort to highlight exemplary leadership across key sectors of the Indian economy. Winners were selected by an independent jury comprising senior industry leaders from across sectors. The jury was chaired by Prabha Narasimhan, Managing Director and CEO of Colgate Palmolive India Ltd, and included members such as Santosh Iyer (MD & CEO, Mercedes-Benz India), Suparna Mitra (CEO, Watches and Wearables, Titan), Shivam Puri (MD & CEO, Cipla Health), and Gaurav Dwivedi (CEO, Prasar Bharati), among others. The award in the consumer health category recognizes leadership in a fast-evolving industry where increased health awareness, demand for preventive wellness solutions, and a shift toward nutrition-focused lifestyles are shaping long-term market trends. On this recognition, Ajay Khanna, Managing Director, Herbalife India, said, "Herbalife India's recognition comes at a time when the consumer health and wellness segment continues to witness structural growth, with a rise in functional foods, supplement-based nutrition, and personalized wellness products. Industry analysts expect the segment to further expand as both urban and rural consumers prioritize lifestyle and dietary changes." "The IAA Leadership Awards are key markers of how companies have performed within their respective categories. This year our exhaustive evaluation process scanned over 2000 companies across 14 sectors. This assessment is grounded in rigorous analysis of growth, market share, CAGR, brand health, credit ratings, ESG metrics and more. In the consumer health category, Herbalife was unanimously selected by the jury as the leader of the year in consumer health, said Nandini Dias, the chairperson of the IAA Leadership awards. Instituted in 2013, the IAA Leadership Awards recognize outstanding individuals and organizations that have exemplified business excellence, driven innovation, and made a significant impact within their sectors. This year's awards spanned 14 categories including automobiles, FMCG, consumer durables, financial services, e-commerce, and healthcare. As consumer health continues to evolve from product-led offerings to integrated wellness solutions, recognitions like these underscore the role of companies in driving that transition responsibly and at scale. About Herbalife International India Private Ltd. Herbalife (NYSE: HLF) is a premier health and wellness company, community and platform that has been changing people's lives with great nutrition products and a business opportunity for its independent distributors since 1980. The Company offers science-backed food products to consumers in more than 90 markets through entrepreneurial distributors who provide one-on-one coaching and a supportive community that inspires their customers to embrace a healthier, more active lifestyle to live their best life. For more information, visit
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Business Standard
2 days ago
- Business Standard
Is Donald Trump winning on economic policy, or just shifting the rules?
Six months into his second term, it is fair to say that US President Donald Trump has swept the board when it comes to economic policy — at least by the standards he set for himself. In fact, he has imposed his will to a degree no other post-World War II President, with the possible exception of Ronald Reagan, has been able to achieve. For starters, Mr Trump got his One Big Beautiful Bill Act passed, despite a razor-thin majority in the House of Representatives and credible projections that his signature tax and spending package will add more than $3 trillion to the federal deficit over the coming decade. And the southern US border is now more tightly controlled than it has been in decades. On tariffs in particular, Mr Trump got what he wanted. Europe and Japan effectively capitulated — agreeing to eliminate their own trade barriers while accepting a 15 per cent US tariff on their exports. Given these humiliating terms, it was more than a little absurd to see European Commission President Ursula von der Leyen hail the deal as a success simply because Mr Trump backed down from his initial threat of a 30 per cent tariff. Both the European Union and Japan also committed to invest hundreds of billions of dollars in the US economy, with Mr Trump exerting significant influence over where that money would be directed. His self-styled 'Tariff Man' persona clearly rattled world leaders, many of whom failed to recognise that his threats were unsustainable in the long run. In retrospect, they would have been better off calling his bluff. While European policymakers were busy mitigating the impact of American tariff threats, Mr Trump pushed through legislation aimed at bringing cryptocurrencies into the mainstream financial system with minimal oversight. Astonishingly, despite the Trump family's multi-billion-dollar crypto holdings, Congress has shown little interest in investigating the President's glaring conflict of interest. To be sure, the GENIUS Act does contain some worthwhile ideas. One provision, for example, requires that stablecoins — cryptocurrencies pegged to a traditional currency or commodity, usually the US dollar — be backed by safe, liquid assets. But overall, instead of laying out clear guidelines for taming the crypto Wild West, the GENIUS Act amounts to little more than a regulatory skeleton. As several critics have noted, Mr Trump's stablecoin framework bears striking similarities to the free-banking era of the 1800s, when the US did not have a central bank. At the time, private banks issued their own dollar-backed currencies, often with disastrous consequences such as fraud, instability, and frequent bank runs. That said, some criticisms may be overstated, as today's leading issuers are generally more transparent and better capitalised than their nineteenth-century counterparts. Fortunately, the US economy has remained resilient amid the uncertainty and chaos unleashed by Mr Trump's tariff war. Although growth appears to be slowing, and the July jobs report was soft — a hard reality that Mr Trump's firing of the technocrat in charge of producing the data will not change — second-quarter data show that the country is not yet in a recession. Likewise, higher tariffs have not yet triggered a surge in domestic inflation, and the US is on track to collect $300 billion in tariff revenue in 2025. So far, importers have been reluctant to pass those costs on to consumers, but that could change if the current tariff war ever winds down. Some analysts have even argued that the apparent success of Mr Trump's heterodox policies proves that conventional economic models are wrong. I doubt that, though the jury is still out. This short-term optimism, however, overlooks long-term consequences. While some of former President Joe Biden's policies were damaging, numerous economists have warned that Mr Trump's actions could prove devastating to American institutions and the global economic order. Most critically, the rule of law would be severely weakened if the expanded presidential powers Mr Trump has claimed are allowed to become permanent. A big test is coming if the Supreme Court ultimately decides that he lacks authority to impose tariffs without Congress's approval. If they stand, Mr Trump's sweeping tariffs may have long-term effects on US growth. The rest of the world is unlikely to tolerate Mr Trump's protectionist policies indefinitely. If he starts to look weak for any reason, expect foreign governments to retaliate with sweeping tariffs of their own. The Big Beautiful Bill could compound the damage, triggering a cycle of higher interest rates, rising inflation, and financial repression. Still, we should give Mr Trump his due and acknowledge that his second presidency is off to a far stronger start than almost anyone — aside from Mr Trump himself and his most fervent acolytes — could imagine six months ago. We should not be surprised by whatever comes next — and that might be the scariest part. ©Project Syndicate, 2025
