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Gus Atkinson press conference: On Shubman Gill run out, Chris Woakes injury and good score

Gus Atkinson press conference: On Shubman Gill run out, Chris Woakes injury and good score

Time of India7 days ago
U.S. Now Punishes India With This BIG Pakistan Announcement; Declares BRICS As Anti-America
Just hours after imposing 25% tariffs on India, former U.S. President Donald Trump ignited fresh geopolitical tension by announcing a strategic oil partnership with Pakistan. In a Truth Social post, Trump revealed plans to help develop Pakistan's oil reserves and even floated the idea of Islamabad eventually selling oil to India. He further escalated rhetoric by criticizing India's ties with BRICS, accusing it of aiding Russia and threatening U.S. dollar dominance. Trump warned of additional penalties, vowing to counter any challenge to American economic supremacy.#Trump #IndiaUSRelations #PakistanOilDeal #Geopolitics #BRICS #USDominance #RussiaIndia #TruthSocial
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Bitcoin surges as Trump backs crypto in 401(k) plans
Bitcoin surges as Trump backs crypto in 401(k) plans

Economic Times

time5 minutes ago

  • Economic Times

Bitcoin surges as Trump backs crypto in 401(k) plans

U.S. President Donald Trump is set to sign an executive order allowing cryptocurrencies, private equity, and real estate into 401(k) retirement plans. The move could transform the $12 trillion retirement market, giving Americans access to high growth assets. While markets rallied, experts warn the shift comes with risks and will require strong oversight and investor education. Tired of too many ads? Remove Ads $12 Trillion Market Could Open to Alternatives Bitcoin and Crypto Stocks Surge in Response Tired of too many ads? Remove Ads Experts Urge Caution Amid Potential Risks FAQs: President Donald Trump is expected to sign an executive order that could significantly reshape retirement investing in the U.S. The order will direct the Department of Labor and the Securities and Exchange Commission to ease restrictions on including alternative assets like cryptocurrency, private equity, and real estate in employer sponsored retirement accounts such as 401(k) 401(k) plans mostly limit participants to mutual funds and other traditional investments. If implemented, this shift could allow Americans to access high growth assets previously out of reach in mainstream retirement move could unlock the vast $12 trillion 401(k) market for firms specializing in private and digital assets. Major players in private equity, such as Blackstone, KKR, and Apollo, could benefit immensely if retirement plans begin allocating capital toward these types of the crypto front, the inclusion of digital currencies in retirement accounts may also boost adoption and institutional credibility. The White House reportedly sees this initiative as a way to modernize retirement investing and align it with evolving financial trends and markets have responded swiftly. Bitcoin jumped to over $116,500 following news of the order, and Ethereum gained more than 7%, signaling strong investor confidence. Shares of crypto companies like Coinbase also saw notable advocates are hailing the move as a major win, believing it could encourage broader use and acceptance of digital assets. However, experts warn that cryptocurrencies remain volatile and may not suit all retirement savers, especially those close to retirement the executive order could introduce more flexibility and diversification to retirement planning, it's also raising concerns. Private equity and crypto assets typically involve higher fees, liquidity challenges, and increased risk. Fiduciary responsibilities will be crucial, especially for employers offering these options to workers unfamiliar with the protection and clear guidelines will likely be required to ensure these investment options benefit, rather than harm, retirement savers. As details emerge, financial advisors and retirement plan sponsors will need to navigate this new terrain carefully.A1. The order aims to allow cryptocurrencies, private equity, and real estate investments in employer-sponsored 401(k) retirement plans. It directs agencies like the Department of Labor and SEC to ease current restrictions.A2. Yes, cryptocurrencies like Bitcoin may become available as part of retirement investment options. However, plan providers and employers will decide whether to include them.

Shrimp, organic chemicals, apparel, jewellery exports may dip 50-70% due to Trump tariff: GTRI
Shrimp, organic chemicals, apparel, jewellery exports may dip 50-70% due to Trump tariff: GTRI

Economic Times

time5 minutes ago

  • Economic Times

Shrimp, organic chemicals, apparel, jewellery exports may dip 50-70% due to Trump tariff: GTRI

ANI India-US trade (Image for representation) The imposition of a 50 per cent US tariff on Indian goods will impact exports of nine product categories, including shrimp, organic chemicals, apparel, and jewellery by 50-70 per cent, think tank GTRI said on Thursday. US President Donald Trump on Wednesday slapped an additional 25 per cent tariff, raising the total duties to 50 per cent on goods coming from India, as a penalty for New Delhi's continued purchase of Russian oil. The 50 per cent duty will come into effect from August 27. This is on top of the usual US import duties, called Most Favoured Nation (MFN) decision makes India one of the most heavily taxed US trading partners, worse off than China (30 per cent) or Vietnam (20 per cent), and on par with in its analysis, has categorised India's export segments in three categories- very high impact sectors (exports may be down by 50-70 per cent), high-impact sectors (exports may be down by 30-50 per cent), and low or no impact areas. In the first category, there are nine product categories - shrimp, organic chemicals, carpets, knitted and woven apparel, made-ups, diamonds, gold and jewellery, machinery and mechanical appliances, and furniture and high-impact segment goods are steel, aluminium, copper, and auto last category items are pharmaceuticals, smartphones, and petroleum products, the Global Trade Research Initiative (GTRI) exported USD 2 billion worth of shrimps to the US in FY2025, accounting for 9.52 per cent of total US shrimp now face a 50 per cent tariff, an antidumping duty and a countervailing duty of about 10 per cent."India faces stiff competition from Canada (16.16 per cent share, zero tariff under USMCA) and Chile (15.02 per cent share, 10 per cent tariff). With such high duties, Indian shrimps risk losing significant ground to lower-taxed competitors like Chile," GTRI founder Ajay Srivastava said. India exported USD 2.7 billion of organic chemicals to the US, holding a 5.11 per cent market share, and now faces a 54 per cent total tariff (4 per cent MFN + 50 per cent Trump tariff). In contrast, Ireland (36.11 per cent share) pays just 15 per cent, and Switzerland (6.46 per cent ) pays 39 per cent."Indian chemical exporters will struggle to stay competitive against these low-tariff suppliers," he said, adding that India is the largest exporter of carpets to the US, with a 35.48 per cent market share and USD 1.2 billion in export also said that with USD 10 billion in exports and a 13.63 per cent market share, this is India's top sector to the US, now facing 52.1 per cent duty (2.1 per cent MFN + 50 per cent).Switzerland (17.02 per cent) and Canada (10.44 per cent) pay lower duties -- 39 per cent and 35 per cent, the country exported USD 6.7 billion in machinery, with a 6.79 per cent share of US imports."Now facing a 51.3 per cent duty (1.3 per cent MFN + 50 per cent), India trails behind Mexico (19.92 per cent, zero tariffs), China (16.03 per cent, 30 per cent duty), and Taiwan (10 per cent, 15 per cent levy)," Srivastava said. "Top Indian firms include GE India, Bharat Forge, and JCB India. Tariffs could derail India's climb in advanced manufacturing exports," he noted.

US President Donald Trump Demands Immediate Resignation Of Intel CEO Amid China Connection Controversy
US President Donald Trump Demands Immediate Resignation Of Intel CEO Amid China Connection Controversy

India.com

time5 minutes ago

  • India.com

US President Donald Trump Demands Immediate Resignation Of Intel CEO Amid China Connection Controversy

US President Donald Trump seems to have created tensions globally with several bold moves. Recently, he increased tariffs on Indian goods by an additional 25 per cent, taking the total tariff to 50 per cent, which was widely criticized in India and internationally. The dispute over trade policies was still simmering when Trump created a new storm by demanding the immediate resignation of Intel CEO Lip-Bu Tan. This unexpected demand has stirred up the IT industry and further fuelled the ongoing debate over Trump's aggressive and unconventional approach to global trade and diplomacy. In a post on his social media platform, Truth Social, US President Donald Trump said, "Intel's CEO is extremely confused and should resign immediately. There is no other solution to this problem. Thank you for paying attention to this problem!" Intel Shares Fall After Trump's statement, Intel shares also started to decline. Intel shares have fallen. So far, there has been a decline of about 5% in pre-market trading. US Senator Raised Questions Recently, US Senator Tom Cotton has written a letter to Intel raising questions about Lip Bu Tan's relationship with Chinese companies. Reportedly, in this letter, he has questioned Tan's investment in China's semiconductor companies, his relationship with the Communist Party and the military. Not only this, Cotton has also mentioned in his letter that Intel has been given a full $ 8 billion fund from the US government under the CHIPS Act. In such a situation, such relations of the CEO of the company become a matter of concern for the security of the country. Only after this, Trump has now asked Tan to resign immediately. Tan's China Connection In April this year, a report came out that said that Tan or his venture firms have invested about $2 billion in several advanced chip and manufacturing companies in China. Many of these companies are also linked to the Chinese military. On the other hand, sources also claimed that Tan has now withdrawn from these companies. However, now, once again, questions are being raised about his relationship with China.

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