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A Joby Aviation electric vertical take-off and landing (eVTOL) aircraft

NEW DELHI: India’s gross Goods and Services Tax (GST) revenue

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India’s foreign exchange reserves rose by $2.703 billion to $698.192 billion during the week ended July 25, according to the Reserve Bank of India’s latest data released on Friday.This increase

A Joby Aviation electric vertical take-off and landing (eVTOL) aircraft during an event at Edwards Air Force Base in Edwards, California, US, on Monday, Sept. 25, 2023. Air taxi start-up

NEW DELHI: India’s gross Goods and Services Tax (GST) revenue rose 7.5% year-on-year to Rs 1.96 lakh crore in July, according to data released by the finance ministry on Thursday.In

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The Karnataka Labour Minister, Santosh Lad, announced on Thursday that his department has sought clarification from TCS amid their plans to cut 12,000 employees from their workforce.“We got information that

India’s manufacturing sector achieved a 16-month peak of 59.1 in July, driven by increased orders and output amidst positive market conditions, according to a Friday survey report.The HSBC India Manufacturing

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India’s foreign exchange reserves rose by $2.703 billion to $698.192 billion during the week ended July 25, according to the Reserve Bank of India’s latest data released on Friday.This increase

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India’s manufacturing sector achieved a 16-month peak of 59.1 in July, driven by increased orders and output amidst positive market conditions, according to a Friday survey report.The HSBC India Manufacturing

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Pityush Goyal (File photo) NEW DELHI: Amid Donald Trump’s offensive, the government on Thursday dug its heels in on trade, saying it will not compromise on the interests of farmers.Commerce

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Tariffs ‘hurt multilateral trade and world economic order,’ says China

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Tariffs 'hurt multilateral trade and world economic order,' says China
China’s president Xi Jinping (File photo)

Chinese President Xi Jinping on Wednesday strongly criticized the use of tariffs, warning they undermine the multilateral trading system and destabilize the global economic order.
Speaking in Beijing during talks with Azerbaijani President Ilham Aliyev, Xi claimed that trade wars “undermine the legitimate rights and interests of all countries, hurt the multilateral trading system, and impact the world economic order.“
His remarks, reported by state news agency Xinhua, come amid escalating tensions between Beijing and Washington. Earlier this month, US President Donald Trump imposed a sweeping 145 per cent tariff on Chinese imports, triggering swift retaliation from China, which slapped a 125 percent duty on American goods.
Beijing had earlier issued stark warnings to other nations considering trade agreements with the United States. A spokesperson for China’s commerce ministry stated on Monday, “China firmly opposes any party reaching a deal at the expense of China’s interests,” adding that “appeasement will not bring peace, and compromise will not be respected.”
Meanwhile, a show of diplomatic outreach, Chinese foreign minister Wang Yi held phone discussions with his British and Austrian counterparts on Tuesday, urging the UK and the European Union to stand in defense of multilateral trade principles.
Despite growing global tensions, Xi highlighted the resilience of China’s bilateral relationships, noting that ties with Azerbaijan have remained strong “despite a constantly changing international situation.”





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