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Trump Administration Reportedly Considering Ban on Outsourcing to Indian IT Firms After Imposing 50% Tariff on Indian Goods
Washington / – After slapping a 50% tariff on Indian goods, U.S. President Donald Trump is now reportedly weighing a ban on outsourcing work to Indian IT companies, a move that could have severe repercussions for India’s multibillion-dollar technology sector. The speculation arose from a post by Lara Loomer, a prominent right-wing Trump supporter, who…
Trump renews threat to impose 100% tariffs on non-US made movies
Donald Trump has repeated his threat to impose a 100% tariff on all films not made in the US, claiming the American industry had been “stolen” by other countries. He said on Monday that California had been heavily affected and the levy would “solve this long time, never ending problem”. In May, the US president…
UK sanctions Russia’s oil giants over Ukraine war
Britain is targeting Russia’s largest oil companies and the country’s “shadow fleet” of oil tankers in a bid to cut off Vladimir Putin’s ability to fund the war in Ukraine. The UK government is also pursuing a major Indian oil refinery and four Chinese oil terminals in a package of 90 new sanctions. Chancellor Rachel…
The Manchester community shop selling groceries at huge discounts
Kelly Foranand Jonny Humphries,North West Kelly Foran/BBC Andy Hawthorne said the idea, formed to help ease food insecurity, had “gone a bit nuts” A charity boss who founded a community shop selling groceries at a fraction of the price of supermarkets said the concept was so successful “it had gone a bit nuts”. Andy Hawthorne…
Food price rises slow as UK inflation remains at 3.8%
Charlotte EdwardsBusiness reporter, BBC News Getty Images Food inflation fell, according to the latest figures Food and drinks prices in the UK are increasing at their slowest rate in more than a year, while overall inflation remains unchanged for the third month in a row. Month-on-month, the cost of food and non-alcoholic drinks actually edged…
