India and EU Close to Finalizing Historic Free Trade Deal Covering Goods, Services & Investments
India and the European Union are on the brink of sealing a historic Free Trade Agreement (FTA), with only a few issues left to resolve. Commerce Minister Piyush Goyal confirmed from Bern that negotiations are 'really very near' completion, emphasizing mutual respect and commitment to fast-tracking the deal. Resumed in 2022, the talks span 23 major chapters, including goods, services, investment, digital trade, IPRs, and sustainable development. External Affairs Minister S. Jaishankar supports concluding an 'ambitious and balanced' deal by the end of 2025. EU foreign policy chief Kaja Kallas called India and the EU 'natural partners' representing 25% of global GDP and population. In 2023–24, India-EU goods trade hit $137.4 billion, with services trade at $51.45 billion. The FTA is set to redefine global trade alignments, opening massive opportunities for collaboration, innovation, and strategic economic growth.#indiaeufta #piyushgoyal #indiaeu #tradenews #fta2025 #eupartnership #strategicdialogue #euindiarelations #globaltrade #jaishankar #toi #toibharat #bharat #breakingnews #indianews
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Business Standard
13 minutes ago
- Business Standard
We are exploring path to reset ties: MEA on India-Canada relations
Describing Indian and Canada as "vibrant democracies", the external affairs ministry on Thursday said New Delhi believes the forthcoming meeting between the prime ministers of the two countries on the sidelines of the G7 Summit will offer an important opportunity to exchange views and explore pathways to reset bilateral ties. Ministry of External Affairs spokesperson Randhir Jaiswal said this in response to a query during his weekly media briefing. "Our Prime Minister had received a call from the Canadian Prime Minister last week. During the call, Prime Minister Mark Carney invited Prime Minister (Modi) to attend G7 (meeting), and as you are aware the invitation has been accepted," he said. The call was also an occasion for the two prime ministers to reflect or talk about India-Canada relations, and how it can be taken forward, the MEA spokesperson said. Canada will be hosting the crucial G7 meeting later this month. "India and Canada are vibrant democracies, which are bound by shared democratic values and steadfast commitment to the rule of law. And, of course, very vibrant people to people ties," Jaiswal said. "We believe that the forthcoming meeting between the two leaders on the sidelines of the G7 Summit in Canada will offer an important opportunity for them to exchange views on bilateral and global issues, and explore pathways to set or reset the relationship, based on mutual respect, shared interests and sensitivity to each other's concerns," he said.
Time of India
18 minutes ago
- Time of India
INDIA bloc rallies behind Tejashwi to ‘change' Bihar
1 2 Patna: A key meeting of the INDIA bloc was held on Thursday under the chairmanship of its coordination committee head, Tejashwi Prasad Yadav , at his residence. The meeting discussed ways to win public support, seize power and transform Bihar. Representatives of all INDIA bloc allies, including the RJD , Congress, Left parties and Vikassheel Insaan Party, were in attendance. Sources said discussions focused on the widespread demand for change among the people of Bihar and how the alliance could turn this aspiration into a political reality. Speaking to reporters after the meeting, Tejashwi said, "Everyone discussed how the people of the state want change in the govt. We decided to fight for the people of Bihar and bring a change in the state." He added that responsibilities had been assigned to different members and that discussions covered various aspects of the campaign. "We have formed a strong team and will fight for bringing about transformation," he said. RJD national spokesperson Manoj Jha said the alliance's goal was clear. "We will together demonstrate our strength. The main goal is to remove the NDA govt from the seat of power in the state," he said. The meeting also addressed the sensitive issue of seat sharing. Former state Congress president Madan Mohan Jha told reporters, "Very soon, Tejashwiji will hold one-to-one meetings with party chiefs to settle the seat-sharing issue." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Memperdagangkan CFD Emas dengan salah satu spread terendah? IC Markets Mendaftar Undo He said the alliance was united and progressing in the right direction. Leaders also resolved to launch mass agitations on issues concerning women, youth, unemployment, crime, and corruption. The meeting expressed full support for the nationwide general strike called by central trade unions on July 9. Heads of key subcommittees, including those on the manifesto, media, social media, campaign strategy and electoral affairs, were also present. This was the fourth INDIA bloc meeting in the past three months, following earlier meetings on April 17, April 24 and May 3. Follow more information on Air India plane crash in Ahmedabad here . Get real-time live updates on rescue operations and check full list of passengers onboard AI 171 .
Time of India
26 minutes ago
- Time of India
US stock market today: Dow struggles, Nasdaq dips, S&P slides as Boeing crashes and Trump sparks fresh China tariff fears
US stock market live updates: Dow Jones back in green even as Trump hints at 55% China tariffs and geopolitical tensions rise- Wall Street futures dip despite Trump's remarks on a 'done' China deal; Iran warning and oil price spike add to market pressure. The US stock market opened with fresh volatility on June 12, 2025, as President Donald Trump declared that a trade deal with China is 'done,' but still subject to final approval by top leaders of both countries. Despite this announcement, stock futures dipped, reflecting investor skepticism and growing global uncertainty. As of the latest update, Dow Jones futures reversed earlier losses and moved back into the green briefly, while S&P 500 futures remained 25 points lower and Nasdaq futures dropped around 100 points. The initial drop came after President Trump's unexpected statement that China would face a 55% tariff under the new agreement framework. Commerce Secretary Howard Lutnick added to the confusion, saying that tariffs on China 'will not change' under the London framework agreed over the past weekend. Meanwhile, China has not issued any official response regarding the deal or the talks that took place in London over the last two days. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Live Comfortably: 60 m² Prefab Bungalow for Seniors in Lakhdaria Pre Fabricated Homes | Search Ads Search Now Undo What are the major indices doing today? Dow Jones Industrial Average : Slightly down at 42,860 , shedding around 0.01% . S&P 500 : Slipping by 0.27% , currently hovering near 6,022 . Nasdaq Composite : Leading the decline with a drop of 0.50% , sitting around 19,615 . Major stocks today: Oracle soars, Boeing crashes, GameStop tumbles as Wall Street swings on Trump tariffs and inflation data Wall Street is riding a rollercoaster today as investors react to a mix of strong tech earnings, a shocking plane crash, and renewed trade war fears. Here's a detailed look at the biggest stock movers , sector trends , and what's shaping the markets this Thursday. Live Events Which major stocks are making headlines today? Top Gainers Oracle (ORCL): Shares exploded nearly 13% after the tech giant crushed earnings expectations and raised its guidance, thanks to booming demand in AI and cloud services. Cardinal Health (CAH): Gained around 3.3% as defensive healthcare names attracted buyers amid rising uncertainty. Newmont (NEM): Up 3.1% , riding the wave of rising gold prices as investors seek safe havens. Top Losers Boeing (BA): Crashed 5–6% after an Air India Boeing 787 Dreamliner was involved in a deadly accident, raising fresh concerns about the company's long-troubled aircraft models. Oxford Industries (OXM): Slid over 11% amid fears that Trump's potential new tariffs on Chinese goods could squeeze retail margins. GameStop (GME): Tumbled nearly 20% after the company announced a massive $1.75 billion convertible note offering, rattling meme stock investors. What's pulling the stock market down? 1. Trump's new tariff threats: President Trump reignited trade war fears with fresh threats of tariffs against both China and Iran , shaking investor confidence. This escalation is weighing particularly hard on industrials and multinationals. 2. Boeing takes a nosedive: Shares of Boeing fell more than 5% following the crash of an Air India Boeing 787 Dreamliner , dragging down the Dow. The news reignited safety concerns and reminded investors of Boeing's previous struggles. 3. Rising tensions in the Middle East: Geopolitical jitters are flaring up again as tensions rise between the US and Iran. Oil prices are slightly higher, and safe-haven assets like gold are gaining traction. Any bright spots in today's market? Oracle shines: In an otherwise cautious market, Oracle stock surged over 12% after reporting strong quarterly results and issuing an upbeat revenue forecast. This tech rally helped cushion some of the Nasdaq's losses. Soft inflation data helps Fed outlook: Both consumer and wholesale inflation came in softer than expected, boosting hopes that the Federal Reserve could cut interest rates later this year—a sentiment that's helping to limit broader declines. Why are US stock market still down despite Trump's China deal announcement? While Trump's declaration of a 'done deal' with China would typically spark a rally, markets appear to be questioning the details and stability of the agreement. His mention of a 55% tariff on Chinese imports—a sharp jump from existing levels—caught investors off guard. This sharp increase suggests a more aggressive trade stance, which could trigger retaliation from Beijing. And with no confirmation from China, traders remain on edge. The Dow Jones futures briefly dipped by 200 points, with the Nasdaq futures off by 100 points, as markets try to digest the possible impact of this dramatic shift in trade policy. What did Commerce Secretary Lutnick say about tariffs and the London agreement? Howard Lutnick, the US Commerce Secretary, clarified that the tariff structure would remain unchanged despite Trump's remarks. According to Lutnick, the framework finalized in London over two days of talks will be implemented as it is, with no immediate tariff hike. This directly contradicts the President's statement and raises further questions about internal policy alignment within the administration. Without clear communication or official documents released, investors are left guessing, which is fueling market uncertainty. How are rising tensions with Iran affecting the market today? Markets are also reacting to new geopolitical threats coming from the Middle East. According to a report from AFP, Iran's Defence Minister warned that the country could strike US military bases in the region if the ongoing nuclear talks with Washington collapse. This strong statement has added to the already tense atmosphere, pushing Brent Crude prices above $70 per barrel, marking the biggest single-day gain since October 2024. The oil market surge is also being driven by fears of potential conflict, which could disrupt supply in the region. Is the US dollar weakening and gold gaining in response to global uncertainty? Yes, the financial markets are showing classic signs of a risk-off environment. As concerns rise over trade policies and geopolitical conflicts, the US Dollar has dropped to its lowest point since late 2023. In contrast, Gold prices have surged, as investors look for safer assets to protect their portfolios. This trend reflects a broader lack of confidence in the near-term economic outlook, especially as market-moving headlines continue to pour in without confirmation or consistency from global leaders. What should investors watch for next as volatility spikes? With both Trump's tariff announcement and Iran's threats sending shockwaves across markets, investors should stay focused on two key developments: An official statement from China on the outcome of the London trade talks, which could either confirm or contradict Trump's announcement. Updates on Iran-US nuclear talks, which could either defuse or escalate military tensions. Until these uncertainties clear up, the US stock market is likely to remain volatile, with sensitive reactions to every new headline. FAQs: Q1: Why are US stock market futures falling after Trump's China deal? Markets are unsure due to conflicting messages and lack of China's response. Q2: What caused oil prices to rise above $70? Iran's warning over US military bases spiked crude prices.
