BUSINESS
Nvidia says new limits on China exports to cost $5.5 billion
The government informed Nvidia on Monday that the H20 would require a license to export to China “for the indefinite future,” the company said in a regulatory filing Tuesday.
WORLD
Stressed and sidelined homebuyers start to strain Canada economy
Nationwide, sales slumped about 9.3% from a year earlier, the lowest for the month since 2009, according to the Canadian Real Estate Association.
WORLD
China suppliers mock tariffs with Nike, Lululemon deals on TikTok
The sheer volume of similarly themed videos in a short period of time points to a popular backlash against President Donald Trump’s barrage of tariffs, including a 145% levy on China
BUSINESS
Asian stocks rise led by Japan on auto tariff reprieve
Indexes in Japan rose more than 1% with companies such as Toyota Motor and Honda Motor jumping. Shares in China and Hong Kong fluctuated at the open
BUSINESS
Trump floats temporary reprieve for autos as parts tariffs loom
Shares of General Motors, Ford Motor and Chrysler parent Stellantis NV hit session highs after Trump’s comments, reversing earlier declines.
WORLD
Donald Trump’s tangled tariffs sow confusion as negotiators line up
Diplomats and other officials who’ve sought to engage in talks with the US are similarly unsure about how best to proceed.
BUSINESS
India to start sector-specific trade talks with US, aims to finalise key details within 6 weeks
During PM Modi's visit to the White House in February, India and the US had said they plan to conclude the first tranche of the trade deal by fall.
MARKETS
BofA seeks to rebuild India investment banking team post probe, resignations
The Wall Street firm is in talks with senior bankers at rival firms to fill key deal advisory roles
WORLD
Dubai airport ranked world's busiest. Check which Indian airport is on the top 10 list
London’s Heathrow was second, followed by Seoul Incheon. Singapore and Amsterdam rounded out the top five
WORLD
Tariffs to impact millions of Chinese workers in blow to economy
Goldman Sachs Group Inc. estimates that up to China's 20 million people — or about 3% of the labor force — may be exposed to US-bound exports
INDIA
India eyes wrapping key aspects of US trade talks in six weeks
By end of May, both sides aim to have clarity on the sectors where they have room for concessions
WORLD
Chinese exports swell ahead of US tariffs that will snarl trade
Exports in dollar terms rose 12.4% from a year earlier, the customs authority said Monday, well above the 4.6% gain projected by economists
WORLD
Apple was on brink of crisis before Trump tariff concession
Trump’s 125% tariffs on goods produced in China threatened to upend its supply chain as seriously as the Covid snarls did five years ago
MARKETS
Asia stocks rise as Donald Trump pauses tech tariffs
Shares in the region gained along with equity-index futures for the US and Europe early Monday as Trump paused some tech levies
BUSINESS
Trump warns tariffs are coming for electronics after reprieve
The late Friday reprieve — exempting a range of popular electronics from 125% tariffs on China and a 10% flat rate around the globe — is temporary and a part of the longstanding plan to apply a different, specific levy to the sector.
BUSINESS
Japan’s stock futures climb after US electronic tariffs paused
Chip-related shares, including Tokyo Electron Ltd., may be active Monday after Trump’s administration exempted some smartphones, computers and other electronics from its so-called reciprocal tariffs.
BUSINESS
Oil steady after Trump’s tariff reprieve and US-Iran talks
Trump’s punitive levies have weighed on oil, with futures last week sinking to their lowest level since 2021 as traders fretted about the impact on global demand.
BUSINESS
Apple India produces $22 billion of iPhones in shift from China
The ramp-up suggests the iPhone maker and its suppliers are accelerating a pivot to India from China, a process it began when harsh Covid lockdowns hurt production at Apple’s largest plant.
WORLD
Trump exempts phones, computers, chips from ‘reciprocal’ tariffs
The exclusions, published late Friday by US Customs and Border Protection, narrow the scope of the levies by excluding the products from Trump’s 125% China tariff and his baseline 10% global tariff on nearly all other countries.
BUSINESS
Trump floats possible exceptions to 10% baseline tariff
Beijing on Friday raised tariffs on all US goods to 125%, mirroring a move by the White House that pushed duties on Chinese imports to the same level, on top of an existing 20% tax.
WORLD
Bill Ackman calls out triple-levered ETFs, zero-day options boom
Ackman wrote that such instruments, and the overuse of leverage in general — could be a danger to the health of financial markets.
BUSINESS
Apollo Hospitals planning buyouts to boost North India footprint
Apollo is also planning to build a $29 million cancer center, and sees oncology, cardiac, neurology and preventive health care as key pillars of growth, Reddy said.
INDIA
US sanctions Indian national allegedly linked to Iranian oil
Since the Trump administration took office in January, it has issued several waves of Iranian oil sanctions as part of Trump’s “maximum” pressure campaign
WORLD
US defence secretary Hegseth plans to cut $5 billion in contracts after DOGE review
The cuts include consulting services from companies such as Accenture, Booz Allen Hamilton Inc., and Deloitte US serving the Defense Health Agency
