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
WORLD
Trump weighs measures to bring farm workers back to US legally
Foreign-born workers comprise nearly 20% of the US labor force, compared with about 17% prior to the pandemic, according to Bureau of Labor Statistics data
BUSINESS
Why Trump’s dream of made-in-the-USA iPhones isn’t going to happen
Apple is unlikely to move iPhone production to the US in the foreseeable future for a variety of reasons, including the shortage of facilities and labor needed to produce the devices
MARKETS
Chinese stocks end three-day winning run as US tariffs hit 145%
A key gauge of Hong Kong-listed Chinese stocks dropped as much as 0.9% in early Friday trade, while the onshore CSI 300 Index shed 0.6%
WORLD
Asia on course for 3rd straight weekly fall as China, Japan stocks tumble on tariff woes
A gauge of Asian stocks is on track for its third consecutive week of decline as market relief turned to angst after the White House clarified US tariffs on China rose to 145%
WORLD
Scott Bessent emerges as Wall Street man-of-the-hour trade negotiator
The former hedge fund manager has vaulted to the front of the line in President Donald Trump’s list of advisers in recent days
BUSINESS
Gold climbs to $3,200 for first time as recession anxiety mounts
Bullion gained as much as 1.3% in early Asian trading on Friday
WORLD
Wall Street plummets as tariff-war woes fuel exodus from US assets
The S&P 500 Index ended the day down 3.5% as investors seized on Wednesday’s historic rebound to sell
BUSINESS
Byju’s US lenders sue founder, wife, top aide over missing cash
Two US bankruptcy judges have largely sided with the lenders, finding recently that Raveendran’s brother and the company, Think & Learn, better known simply as Byju’s, violated their fiduciary duties by wrongly transferring $533 million away from creditors.
WORLD
China to reduce import of Hollywood films as Donald Trump hikes tariffs
The countermeasure was previously floated by two influential Chinese bloggers, who on Tuesday posted an identical set of steps they said authorities were mulling to hit back at Trump’s earlier tariff threats.
