WORLD
Trump officials say letter to Harvard sent by mistake: NYT
The letter was sent by the acting general counsel of the Department of Health and Human Services, Sean Keveney, the paper said, citing three unidentified people who were briefed on the matter.
BUSINESS
Xi Jinping’s no. 2 signals openness to policy shift as tariffs hit
China’s GDP expanded 5.4% last quarter from a year before, thanks in part to Beijing’s consumer subsidies, along with an export surge to get ahead of the tariffs
WORLD
Trump raises Powell firing as ire toward US Fed chair explodes
Trump has been asking those around him about the possibility of removing the Federal Reserve chair, according to people familiar with the matter
WORLD
Asian stocks trade in tight range, Japan edges up
Stocks fluctuated at the open with modest gains in Japan while most of the other markets are shut for the Good Friday holiday
BUSINESS
Tata inks £750 million loan to fund biggest UK battery plant
The two-year loan has been priced at a spread over the Sterling Overnight Index Average, or SONIA, and the deal has been signed but disbursement is ongoing, the people said.
BUSINESS
H-1B Visa: US agency probes workers' bias claims against Tata Consultancy Services
TCS is India’s biggest IT services firm by revenue, with more than 600,000 employees globally.
WORLD
Hermès quarterly sales hurt by weakness in Chinese luxury demand
First-quarter sales in Asia Pacific excluding Japan rose 1.2% at constant exchange rates, Hermès International SCA said in a statement
WORLD
How coal power plants, carbon-emitting cars are affecting global blood supply
The study is the first globally to look at how climate change can affect each stage of the blood supply chain, based on a review of international studies
WORLD
Harvard University says IRS revoking tax-exempt status would be ‘unlawful’
With a $53 billion endowment, Harvard has emerged as the highest-profile university to contest Trump’s attempts to force sweeping changes on higher education
WORLD
Xi urges ‘Asian family’ unity as Trump seeks to confine China
Xi landed in Phnom Penh on Thursday, kicking off the final leg of his three-nation tour
MARKETS
Fed’s Powell says strong labour market depends on price stability
Powell said policymakers would balance their dual responsibilities of fostering maximum employment and stable prices
BUSINESS
Gold hits fresh record as trade war, Powell fire up haven demand
Bullion rose as much as 0.4% to $3,357.78 an ounce on Thursday, before paring gains
MARKETS
US stocks slump as Powell remarks add to chipmakers’ woes
The S&P 500 Index fell as much as 3.3% before ending the session down 2.2% in New York, and the Nasdaq 100 Index slumped 3%.
WORLD
Powell to volatile stock market: You’re on your own, for now
It was a message equity investors weren’t expecting after two weeks of volatility following President Trump’s unveiling of punitive tariffs on scores of countries
MARKETS
Asian stocks edge up, yen weakens on tariff talks
Japanese shares gained slightly after President Donald Trump said negotiators made “big progress” in talks to strike a deal to avoid higher levies
WORLD
China open to talks if Trump shows respect, names point person
Other conditions include a more consistent US position and a willingness to address China’s concerns around American sanctions and Taiwan
WORLD
American shoppers flock to Chinese apps on tariff fears
Viral videos touting the high quality, and cheap prices, of goods available on Chinese services have spurred Americans to download apps such as DHgate
WORLD
China names new trade envoy as tariff war with US escalates
Beijing has named Li Chenggang as vice commerce minister and trade envoy, replacing Wang Shouwen
COMPANIES
KKR-backed InCred’s private credit arm to raise $174 million
The fund-raising underscores the growing need for capital in one of the world’s fastest-growing major economies
WORLD
China’s economic growth beats forecasts ahead of tariff impact
China’s gross domestic product grew 5.4% in the first quarter from a year ago, according to govt data
WORLD
Biden breaks silence to jab Trump for social security risks
Social Security has been engulfed in turmoil since becoming a target of Elon Musk’s Department of Government Efficiency despite pledges by Trump to safeguard benefits
BUSINESS
Asian stocks, US futures slide after Nvidia curbs
Contracts for the Nasdaq 100 fell more than 1.4% in early trading and S&P 500 futures dropped 0.9% after Nvidia slumped in after-hours trading.
BUSINESS
Mark Zuckerberg says he considered spinning off Instagram in 2018
Zuckerberg wondered whether Meta Platforms Inc., then known as Facebook Inc., “should consider the extreme step of spinning Instagram out as a separate company.”
BUSINESS
Trump launches critical minerals probe to weigh new tariffs
Trump’s order comes as China retaliates to US tariffs in the form of new export restrictions on the minerals, which are expected to have broad impacts across the US, Europe, and Japan.
