Former Treasury Secretary Lawrence Summers has criticized Donald Trump’s proposed tariffs, questioning how they could possibly help combat inflation. Summers expressed concern about the potential impact on families, particularly during the holiday season, as tariffs could significantly increase the cost of imported goods, including toys.
India’s steel import industry is facing a significant hurdle – bureaucratic red tape. The complex and time-consuming import procedures are creating a bottleneck, impacting the flow of steel into the country. This article explores the challenges faced by importers, the reasons behind the bureaucratic hurdles, and potential solutions to streamline the process.
Billionaire investor Mark Cuban warns that tariffs imposed by former President Trump could significantly increase the cost of Christmas shopping for American families. Cuban highlights the potential impact on both consumers and local businesses, arguing that the increased prices could lead to reduced spending and harm to small retailers.
Pakistan has formally requested a supplementary loan of 10 billion yuan (approximately USD 1.4 billion) from China, highlighting the country’s ongoing financial struggles. This request comes after fully utilizing an existing Chinese trade facility and amidst concerns over potential delays in other loans. The move underscores Pakistan’s heavy reliance on China for financial support, even as it navigates a challenging economic landscape.
Rahul Gandhi, Congress leader and Lok Sabha opposition leader, shared a video of his recent visit to a Delhi barber’s shop, where he witnessed firsthand the financial hardships faced by a common man. The video, shared on social media platform X, highlights the plight of the working class and the impact of rising inflation on their livelihoods.
A volatile day in the Indian stock market, with the Sensex and Nifty 50 falling sharply. Meanwhile, Ratan Tata’s will reveals details of his legacy, including provisions for his half-sisters, staff, and even his beloved German Shepherd. Read on for these and other top stories.
A new poll reveals a tight race between former President Donald Trump and Vice President Kamala Harris, with the economy, abortion, and immigration emerging as key issues for voters. Undecided Jewish voters in swing states could play a crucial role in determining the outcome of the election, according to former Florida Rep. Peter Deutsch. The poll also highlights concerns over both candidates’ ages and President Biden’s approval ratings.
In Ohio’s 9th Congressional District, a crucial swing district, Republican volunteers are rallying around economic anxieties and immigration concerns, fueling their support for GOP candidates like Derek Merrin. Voters are expressing frustration with rising costs and feeling ‘left behind’ by Washington, while highlighting their belief that former President Trump is the solution.
Harley-Davidson, Inc. (HOG) announced its third-quarter 2024 financial results, revealing a decline in sales driven by macroeconomic challenges and a softening global market. Despite facing headwinds, the company remains optimistic about its future, highlighting the success of its new touring models and anticipating an improved economic landscape in 2025.
Vice President Kamala Harris criticized former President Donald Trump’s economic strategy, claiming it would be detrimental to entrepreneurs and small businesses. In a video previewing a live discussion with billionaire entrepreneur Mark Cuban, Harris highlights Cuban’s business acumen and suggests that Trump’s approach would be too drastic for the current economic climate.
