Author: ALJAZEERA

Ludhiana, India – On the floor of a Ludhiana spinning mill, 29-year-old Pankaj Kumar stands at his station, his fingers a blur as he knots loose threads and feeds them onto a spinning wheel. The yarn will soon make its way to the city’s textile factories, which produce woollen knitwear, hosiery, and other garments, much of it destined for the United States.Kumar has worked in different spinneries for nearly a decade, but for the past four months, this one has been his livelihood, bringing in 18,000 rupees ($203.87) a month. But now that US President Donald Trump has slapped India with…

The fintech company made its debut on the New York Stock Exchange on Wednesday.Klarna, the Swedish buy-now-pay-later company, has made its highly anticipated public debut on the New York Stock Exchange (NYSE), the latest in a run of high-profile initial public offerings this year.Klarna sold 34.3 million shares to investors at $40 a share late on Tuesday and was listed on the exchange on Wednesday. That is above the forecasted range of $35 to $37 a share and values the company at more than $15bn.Recommended Stories list of 4 itemsend of listShares of Klarna opened 30 percent above their offer…

Bhadohi, India: Surya Mani Tiwari has had sleepless nights ever since United States President Donald Trump slapped India with 50 percent tariffs.The 78-year-old exports carpets worth more than 1 billion rupees ($11.4m) from Bhadohi in the northern Indian state of Uttar Pradesh to the US every year. But the tariffs, the highest tier so far, have brought business to a screeching halt.Recommended Stories list of 4 itemsend of list“We are completely dependent on the US for our business and have no other markets. The tariffs have brought our production to a halt, and no consignment has been dispatched to the…

New York, USA – Next week, the United States Federal Reserve will hold a two-day policy meeting to decide whether to lower interest rates.The meeting follows a months-long pause in rates and comes amid heightened pressure on the central bank.Recommended Stories list of 4 itemsend of listUS President Donald Trump recently dismissed Federal Reserve Governor Lisa Cook on allegations of mortgage fraud, which she is contesting in court, and has escalated his loud and repeated criticism of Fed Chair Jerome Powell.The Fed, which emphasises its independence from political influence, will weigh new economic data as it considers its next move. The…

The request comes after a federal court earlier this week blocked Lisa Cook’s firing while her lawsuit challenging her dismissal moves forward.The administration of United States President Donald Trump has asked an appeals court to remove Lisa Cook from the Federal Reserve’s board of governors by Monday, before the central bank’s next vote on interest rates.The request on Thursday represents an extraordinary effort by the White House to shape the board before the Fed’s interest rate-setting committee meets next week on Tuesday and Wednesday.Recommended Stories list of 4 itemsend of listAt the same time, Senate Republicans are pushing to confirm Stephen…

The switch in the ranking came after a blockbuster earnings report from Oracle, powered by multibillion-dollar orders, sent Oracle stock shooting up.Published On 10 Sep 202510 Sep 2025Click here to share on social mediashare2ShareOracle cofounder Larry Ellison has wrested the title of the world’s richest person from longtime holder Elon Musk.On Wednesday, as stock in Ellison’s software giant rocketed more than a third in a stunning few minutes of trading, Ellison’s net worth surpassed the Tesla CEO, according to wealth tracker Bloomberg. As of 3pm in New York (19:00 GMT), Oracle stock is up 34.4 percent for the day.Recommended Stories…

Steep tariffs would be part of joint effort to pressure Russia to end its war in Ukraine, according to reports.Published On 10 Sep 202510 Sep 2025United States President Donald Trump has urged the European Union to slap 100 percent tariffs on China and India as part of his efforts to pressure Russia to end its war in Ukraine, US and British media have reported.Trump made the call after dialling into a meeting of US and EU officials in Washington, DC, on Tuesday, according to the reports.Recommended Stories list of 4 itemsend of listThe Financial Times, which first reported the news,…

Flagship carrier Korean Air says plane could depart for Atlanta, Georgia, as soon as Wednesday.Published On 9 Sep 20259 Sep 2025South Korea plans to dispatch a chartered plane on Wednesday to return hundreds of citizens detained in last week’s immigration raid in the US state of Georgia, Korean Air has said.Korean Air, South Korea’s flagship carrier, said on Tuesday that it would operate a flight to Atlanta, Georgia, to repatriate the workers following their arrest at the construction site of a South Korean-operated electric-vehicle battery plant.Recommended Stories list of 4 itemsend of list“Korean Air is planning to operate a charter…

Published On 7 Sep 20257 Sep 2025United States President Donald Trump has warned foreign companies against violating immigration law following the detention of hundreds of South Korean workers at the construction site of a Hyundai plant in the US state of Georgia.In a post on social media on Sunday, Trump urged companies investing in the US to “please respect” the law.Recommended Stories list of 4 itemsend of list“Your Investments are welcome, and we encourage you to LEGALLY bring your very smart people, with great technical talent, to build World Class products, and we will make it quickly and legally possible…

Tech giant fined for third time in a week after being hit with multimillion-dollar penalties in US and France.Published On 5 Sep 20255 Sep 2025The European Union has imposed a penalty of 2.95 billion euros ($3.45bn) on Google for favouring its own advertising services, marking the fourth time the tech giant has been fined in its decade-long fight with the bloc’s competition regulators.The European Commission accused Google of distorting competition in the 27-nation bloc after investigating a complaint from the European Publishers Council, moving to rein in the tech firm despite threats of retaliation from United States President Donald Trump.Recommended…