Donald Trump says more tariff letters coming! US President warns no extension on August 1 deadline; ‘there has been no change…’

US President Donald Trump on Tuesday firmly declared that sweeping new tariffs on foreign imports will come into effect from August 1, 2025, warning that no further extensions will be granted. Taking to his Truth Social platform, Trump wrote, “As per letters sent to various countries yesterday, in addition to letters that will be sent […]

Donald Trump releases more tariff letters: Japan, South Korea, Myanmar, Malaysia & other countries to face up to 40% duties from August 1; check details

Donald Trump tariffs (AI image) US President Donald Trump on Monday released letters sent by his administration to various trading partners informing them of the reciprocal tariff rates that will be effective from August 1, 2025. The first two letters posted by Trump on social media platform Truth Social revealed that US will be imposing […]

Donald Trump’s tariff date set! New rates to likely come into effect from August 1; US to issue letters shortly

Trump, buoyed by recent legislative success and record-breaking US stock market performance, is wielding tariffs as an economic instrument. (AI image) August 1, 2025 – that’s the date on which tariffs for countries not finalising a trade agreement with the US will come into effect. US President Donald Trump intends to reveal trade agreements and […]

Oil market watch: Saudi, Russia-led OPEC+ eyes fresh hike for August; focus to likely shift from price stability to market share

Saudi Arabia, Russia and six other major oil producers from the OPEC+ alliance will meet on Saturday to decide their crude output strategy for August, with analysts expecting the bloc to approve another production hike of 411,000 barrels per day (bpd), mirroring decisions made for May, June and July. The meeting will be held virtually […]

Employment-linked incentive scheme for job creation; direct incentives for employees and employers from August – who will benefit

The Indian government has approved the RS 99,446 crore Employment-Linked Incentive (ELI) scheme, aimed at generating over 2 crore formal jobs by offering direct financial support to new employees and hiring incentives to employers. The scheme, launching on August 1, 2025, is expected to transform India’s formal job market.As part of the initiative, newly employed […]

India’s services recovery gains pace: PMI at highest since August 2024; export demand stays strong

This is an AI-generated image, used for representational purposes only. India’s services sector expanded at its fastest pace in ten months in June, driven by robust domestic demand, higher international sales, and continued job creation, according to the HSBC India Services PMI report released Thursday. The seasonally adjusted Services PMI Business Activity Index rose to […]