Reliance, Meta to make Rs 855 crore joint investment in AI in India
Reliance, Meta to make Rs 855 crore joint investment in AI in India Read More »
India is boosting its electronic waste recycling capacity to recover critical minerals like lithium, cobalt, and nickel. A Rs 1,500 crore incentive scheme aims to reduce import dependence by supporting domestic processing of e-waste and used batteries. This initiative encourages private players and strengthens the formal recycling chain.
The Federal Reserve faces a difficult decision on interest rates amid a US government shutdown, which has halted crucial economic data. Analysts anticipate a quarter-point rate cut, but uncertainty remains regarding future moves due to conflicting inflation and employment signals. Political pressures also complicate the Fed’s independent decision-making process.
Major US employers are pausing or limiting H-1B visa sponsorships following a new $100,000 fee for new applicants outside the US. While intended to attract skilled workers and prevent wage undercutting, critics argue the fee deters international talent and harms US competitiveness. Companies like Intuitive Surgical and Walmart have altered hiring plans, though Nvidia will
US officials indicated progress in finalizing details of a trade agreement with China, following recent talks in Malaysia. The discussions aimed to de-escalate a costly tariff dispute, with both nations seeking a resolution. This development comes amid heightened tensions and threats of further tariffs.
China and the United States commenced trade talks in Malaysia on Saturday, aiming to de-escalate a costly tariff dispute. The discussions, led by Vice Premier He Lifeng, address key economic and trade issues amidst new tariff tensions and threats of further levies. President Trump seeks a favorable deal to end the ongoing trade war.
The FATF cautioned Pakistan that exiting the greylist doesn’t grant immunity from scrutiny over money laundering or terrorist financing. Countries, including those delisted, must continue tightening safeguards against illicit financial activities, as terror groups reportedly exploit digital wallets and crypto channels for funding.
Ontario Premier Doug Ford has paused an anti-tariff advertisement campaign. This move follows US President Donald Trump’s decision to end trade negotiations with Canada. The campaign aimed to highlight the impact of tariffs on American workers and businesses. Ford stated the intention was to start a conversation about the economy.