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Trump says U.S. to impose 50% tariff on copper imports, copper futures jump

A mine worker walks toward the mine shaft at the Resolution Copper exploratory mine shaft 10 facility in Superior, Arizona, U.S. File | Photo Credit: Reuters President Donald Trump said he will announce a 50% tariff on copper on Tuesday (July 8, 2025), hoping to boost U.S. production of a metal critical to electric vehicles, military hardware, the power grid

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US trade deal: Donald Trump says more announcements coming Wednesday; 14 nations notified so far

Donald Trump (File photo) US President Donald Trump on Monday said his administration will release at least seven more tariff letters to trading partners on Wednesday morning, followed by more in the afternoon (local time), escalating tensions ahead of the looming August 1 deadline for a new round of reciprocal tariffs.In a post on Truth Social, Trump wrote, “We will

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Wipro FMCG arm’s revenue up 3.5% in FY25

BENGALURU: Wipro Consumer Care & Lighting (WCCL)’s revenue rose by 3.5% to Rs 10,600 crore in the 2024-25, with demand impacted by inflation and subdued consumer sentiment. “We are clearly seeing a slowdown in China – dramatic drops of 20% to 25%. We haven’t dropped as much but are facing flat or marginal declines there. India shows muted growth, mainly

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Mumbai leads in land deals in H1 2025: Report

MUMBAI: The Mumbai metropolitan region closed a total of 24 land deals spanning over 433 acres in H1 2025 with total deal value estimated to be Rs 11,137 crore. An Anarock report released on Tuesday said over 2,898 acres of land were transacted in 76 deals across India in H1 2025. The total value of the land transacted during this

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EV sales surge 29% to 1.8L units in June: FADA

MUMBAI: Electric vehicle (EV) sales in India rose 28.6% to 1,80,238 units in June over the year-ago period, driven by massive jump in e-passenger vehicle volumes, Federation of Automobile Dealers’ Association (FADA) said in a statement on Tuesday. Electric passenger vehicle sales, as per FADA data, stood at 13,178 units in the previous month compared to 7,323 e-PVs in June

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IPL business worth over $18 billion, rises 13% in a year: Report

MUMBAI: IPL, cricket’s annual showpiece event, has seen its business value jump 13% in a year to $18.5 billion – nearly Rs 1.6 lakh crore. At the same time, its brand value has risen 14% to nearly $4 billion (about Rs 33,000 crore), a report by NYSE-listed investment bank Houlihan Lokey, which has valued several sports franchises around the world,

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Trump explodes over Epstein questions: ‘Are you still talking about this creep?’

US President Donald Trump lashed out Tuesday (July 8) at renewed questions over the Jeffrey Epstein investigation, expressing disbelief that the disgraced financier continues to dominate public interest. “Are you still talking about Jeffrey Epstein? This guy’s been talked about for years,” Trump said during a Cabinet meeting when a reporter asked Attorney General Pam Bondi about newly released files

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Wendy’s CEO Kirk Tanner tapped to lead Hershey

Kirk Tanner, then CEO of North American beverages for PepsiCo Inc., speaks during the Bloomberg Power Players Summit in Miami, Florida, on Jan. 31, 2020. Marco Bello | Bloomberg | Getty Images Wendy’s CEO Kirk Tanner has been named the new chief executive of The Hershey Company, effective August 18. Tanner will replace Michele Buck, who is retiring after almost

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TSA plans to let travelers keep their shoes on at airport security

Traveler wait in a long security line at John Wayne Airport in Santa Ana Wednesday, May 7, 2025. Allen J. Schaben | Los Angeles Times | Getty Images The Transportation Security Administration plans to let many travelers leave their shoes on at U.S. airport checkpoints, ending a roughly 20-year-old rule, according to people familiar with the matter. The TSA briefed

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Trump threatens pharmaceutical tariffs of 200%

US President Donald Trump during a cabinet meeting at the White House in Washington, DC, US, on Tuesday, July 8, 2025. Aaron Schwartz | Bloomberg | Getty Images President Donald Trump on Tuesday threatened to impose up to 200% tariffs on pharmaceuticals imported into the U.S. “very soon.”  “They’re going to be tariffs at very high rate, like 200%,” Trump

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Jane Street row: Congress says ₹44,000 crore of ordinary investors siphoned off to U.S. under government’s nose

Supriya Shrinate claimed that Jane Street, an American algorithm trading firm, looted unsuspecting small investors of Indian markets for five continuous years. | Photo Credit: SHASHI SHEKHAR KASHYAP The Congress on Tuesday (July 8, 2025) alleged that the New York-based hedge fund Jane Street has siphoned off ₹44,000 crore of ‘unsuspecting small investors’ by manipulating the Futures and Options (F&O)

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US Treasury targets $500 billion cash cushion by end-July as 2025 tariff revenue nears $100 billion

The US government has already collected around $100 billion in tariff revenue so far in 2025 and is on track to triple that amount by the year’s end, Treasury Secretary Scott Bessent said on Tuesday, highlighting the fiscal boost from President Donald Trump’s aggressive trade policy. Bessent projected tariff income could reach $300 billion by December. The US Treasury Department

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Tata Sons’ stake in Tata Capital valued at over $11 billion

Tata Sons’ stake in its subsidiary, IPO-bound Tata Capital, is worth around $11.5 billion, post the rights issue earlier this year, and based on the price of ₹281 per share, at which the rights shares were issued. According to Tata Capital’s annual report, its holding firm Tata Sons’ stake in it rose a notch to 92.86 per cent at the

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Some international LGBTQ+ travelers pull back on U.S. trips

Participants march in the Reclaim Pride Coalition’s seventh annual Queer Liberation March in New York, June 29, 2025. Erik McGregor | Lightrocket | Getty Images Canadian citizen Robert Sharp was planning to visit Provincetown, Massachusetts — one of the most LGBTQ+-friendly places in America — for his friend’s milestone birthday in July. But against a backdrop of ongoing trade tensions

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Daimler Trucks increasing its focus on India for both domestic and export markets

India is strategically important for cost competitiveness with R&D, manufacturing and logistics | Photo Credit: Hannibal Hanschke German auto major Daimler Truck is increasing its focus on India not only for export of its vehicles but also plans to use the country as a major sourcing destination and for developing new products. The commercial vehicles major also expects the India-EU

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‘Uber may implement social security code for drivers by year end’

If the code is in place, social security of the workers at Uber, mostly drivers, will be interoperable, which means they can benefit even if they go to Rapido or Ola | Photo Credit: Shanker Chakravarty Uber India may implement the Code on Social Security for its drivers by the end of the calendar year and is in talks with

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Short supply of rare earth magnets remains a concern for auto sector: ACMA

China controls 90 per cent of the global processing capacity for magnets used across sectors The limited availability of rare earth magnets remains a concern for the auto industry, underscoring the need for a national strategy on critical minerals to secure the future of electric vehicle (EV) and mobility manufacturing in India, the Automotive Component Manufacturers Association of India (ACMA)

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Shoe removal rule ending at US airports after nearly 20 years

Nearly 20 years after airline passengers were first required to remove their shoes for security screening, the Transportation Security Administration (TSA) is beginning to phase out the policy at airports across the United States, according to media reports. The directive, issued last week, states that starting Sunday, all passengers will be allowed to keep their shoes on in general screening

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General strike: Ten Central trade unions join hands, RSS-backed BMS not to participate

The charter of demand urged hosting an Indian Labour Conference. The tripartite body last met in 2015 | Photo Credit: iStockphoto The platform of 10 Central trade unions and independent sectoral federations and associations got support from farmers union for the nationwide strike against the four labour codes on Wednesday. RSS-backed Bhartiye Mazdoo Sangh (BMS) announced that it will not

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Boeing delivers most airplanes since late 2023 as 737 Max output rises

Boeing 737 MAX airliners are pictured at the company’s factory in Renton, Washington, on Sept. 12, 2024. Stephen Brashear | AP Boeing delivered 60 airplanes last month, the most since December 2023, as the plane maker seeks to raise production of its bestselling 737 Max jets after a series of manufacturing and safety problems. The tally was the highest since

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Adani group plans to raise $2 bn more in current fiscal year

The group is also negotiating a loan amount of around ₹16,000 crore with Indian banks for its airport arm. | Photo Credit: AMIT DAVE The Adani group is planning to raise an additional $2 billion in the current fiscal year having already mopped up $3 billion so far, according to sources. The fund raising would be by group companies Adani

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