Business

Busan: President Donald Trump described his face-to-face with Chinese leader Xi Jinping Thursday as a roaring success, saying he would cut tariffs on China, while Beijing had agreed to allow the export of rare earth elements and start buying American soybeans. The president told reporters...

Washington: US Federal Reserve Wednesday lowered its benchmark lending rate by a quarter percentage point, bringing the target range to 3.75 per cent to 4 per cent, as policymakers grapple with limited economic data due to a federal government shutdown. The rate cut marks the...

Busan(South Korea): President Donald Trump met face-to-face with Chinese leader Xi Jinping Thursday, a chance for the leaders of the world's two largest economies to stabilise relations after months of turmoil over trade issues. Trump's aggressive use of tariffs since returning to the White House...

Washington: Florida Governor Ron DeSantis announced Wednesday that he is directing the state’s Board of Governors to end the use of H-1B visas across state universities, saying that positions currently held by visa holders should be filled by Florida residents. Speaking at a press conference...

Mumbai: Prime Minister Narendra Modi Wednesday exhorted global investors to take bets on the Indian shipping sector, pointing out that this is the "right time" for such a move. The Prime Minister also met a select chief executives of global majors, including DP World and...

New York: Nvidia has become the first $5 trillion company, just three months after the Silicon Valley chipmaker was first to break through the $4 trillion barrier. Hitting the new benchmark puts more emphasis on the upheaval being unleashed by an artificial intelligence craze that's...

New Delhi: HPCL-Mittal Energy Ltd (HMEL) has suspended purchases of Russian crude oil, the company said Tuesday, clarifying that the vessels, which delivered previous consignments, were not under international sanctions. The private refiner, a joint venture between state-run Hindustan Petroleum Corporation Ltd (HPCL) and steel...

New Delhi: India and Russia have firmed up a joint collaboration to produce a twin-engine narrow-body passenger aircraft for short-haul flights in line with growing strategic ties between the two countries. State-run aerospace major Hindustan Aeronautics Ltd (HAL) reached an agreement with Russia's Public Joint...

Seattle: Amazon will cut approximately 14,000 corporate jobs as the online retail giant increases its spending on artificial intelligence. “The reductions we're sharing today are a continuation of this work to get even stronger by further reducing bureaucracy, removing layers, and shifting resources to ensure...

Washington: The United States and China are not going to resolve all the issues that divide them before President Donald Trump and President Xi Jinping meet Thursday in Busan, South Korea. But they are likely to make enough progress on China's stranglehold on strategic minerals,...