A turf war is breaking out in the vast world of digital payments – and the incumbents are suddenly on defense. Tech firms and crypto startups are moving in on territory long dominated by Visa and Mastercard, powered by a new type of currency – the stablecoin – and a pitch merchants can’t ignore: lower…
NEW DELHI: In what has the potential to disturb India’s strong march in manufacturing, tensions with China have seen the neighbouring country delay delivery of critical machinery while ordering the pullout of some of its citizens from Indian factories, including those engaged in engineering and manufacturing jobs at Foxconn, Apple’s contract manufacturer.This comes just as…
Kuwait began enforcing a new electronic exit permit system for expatriate workers in the private sector, in a move that marks a major shift in the country’s labour and travel policies.From July 1, 2025, all foreign employees under Article 18 of the Foreigners’ Residence Law must obtain prior approval from their employer to travel abroad….
Elon Musk owned Tesla is feeling the heat as his political opinion has been casting a shadow over the company’s sales since the last three months. Over the period, the sales of Tesla electric cars have fallen 13%, with predictions that the EV giant could also disappoint with its earnings.Between April and June, Tesla sold…
US employers could be facing a $82.3 billion bill thanks to US President Donald Trump’s sweeping tariff regime, a new report has revealed. This could be a deep financial toll on American businesses, potentially triggering price hikes, layoffs, hiring freezes or lower profit margins.The report, Exposure to tariffs for midsize firms by metro area, published…
The RBI has announced that interest rates for its floating rate savings bonds for July to December 2025 will remain unchanged at 8.5%. The interest rate is the same as before, from the period of January to June 2025. In a statement dated July 1, 2025, the RBI said, “Accordingly, the coupon rate on FRSB…
Traditional Kolhapuri sandals are seeing a surge in sales and renewed interest after luxury fashion house Prada sparked controversy for showcasing a strikingly similar design without acknowledging its roots.Footwear sellers and artisans are riding a wave of nationalist sentiment and social media buzz, turning what some called the Prada “sandal scandal” into a sales opportunity….
Certain aspects of Donald Trump’s financial portfolio, particularly his investments in stocks and cryptocurrency, are publicly accessible. (AI image) What is US PresidentDonald Trump’s net worth? Trump has often called himself a billionaire – but the actual net worth is not easy to assess. The exact value of Trump’s assets remains unclear, primarily because his…
Best-selling author Robert Kiyosaki has once again stirred the investment world, this time with a forecast that silver prices are set to “explode in July.” Taking to social media platform X, the Rich Dad Poor Dad author called silver the “best asymmetric buy” currently available, highlighting its high reward-to-risk ratio.“Silver is the best ‘asymmetric buy’…
US President Donald Trump announced on Wednesday that he has struck a trade deal with Vietnam. Under the terms of the deal, Vietnam will impose a 20% tariff on all goods exported to the United States which the US will have to pay zero tariffs.“I just made a Trade Deal with Vietnam. Details to follow!”…
