Target cuts annual forecast as tariffs, boycotts weigh on sales
Unlike Walmart, Target is more heavily reliant on China for goods, and tariffs on its goods are driving earnings down.
Economy
TATA Electronics Commences iPhone Assembly In India Amid Trump’s Call For Apple’s Production Shift
TATA Electronics has launched iPhone assembly operations at its Hosur facility, potentially establishing itself as a significant player in Apple’s global supply chain even as US President Donald Trump has asked Apple CEO Tim Cook to relocate production from India to the United States. This strategic expansion comes at a critical juncture for Apple’s manufacturing diversification strategy and
Trump’s tariffs creating ‘tensions’ among G7 ahead of summit: Champagne
Finance Minister François-Philippe Champagne is leading three days of meetings with top finance officials from the world’s largest economies, where tariffs are set to dominate.
Musk commits to staying Tesla CEO for another five years
Elon Musk has claimed a turnaround in Tesla’s sales after a slump, even as his internet service provider Starlink grows.
Union Minister Piyush Goyal Meets U.S. Commerce Secretary Lutnick, Advances India-US Trade Talks
Union Commerce and Industry Minister Piyush Goyal recently held high-level discussions with US Commerce Secretary Howard Lutnick in Washington, D.C., marking a significant step forward in the ongoing negotiations for the India-US Bilateral Trade Agreement (BTA).Goyal described the talks as “good discussions” aimed at expediting the first tranche of the agreement, sharing an image of the meeting
Bangladesh Will Discuss With India To Resolve Trade Problems
Bangladesh’s interim government, led by Nobel Laureate Muhammad Yunus, has expressed its willingness to engage in dialogue with India to resolve the recent surge in bilateral trade tensions following India’s imposition of new restrictions on Bangladeshi exports via land ports. These developments mark a significant shift from the previously cooperative trade relations between the two neighbouring
EAM Jaishankar Engages With Strategic Experts In Netherlands, Emphasises Stronger India-EU Ties
External Affairs Minister (EAM) S Jaishankar began his official visit to the Netherlands on May 19, 2025, marking the first leg of a three-nation European tour that also includes Denmark and Germany.In The Hague, Jaishankar engaged with strategic experts, emphasising the importance of deepening India-Netherlands and India-European Union (EU) relations, particularly in the context of a world
Regeneron buys 23andMe for $256m after bankruptcy
Sale of genetic testing company raises concerns about privacy of 23andMe’s 15 million customers.
India’s Trade Restrictions To Have Long-Term Impact On Employment In Bangladesh, Says International Labour Organisation
India’s recent trade restrictions on imports from Bangladesh are expected to have significant long-term implications for Bangladesh’s employment landscape, particularly within the formal sector.According to International Labour Organisation (ILO) Country Director Tuomo Poutiainen, while immediate disruption to jobs is unlikely-given that much of Bangladesh’s workforce is employed informally in
India Clamps Down On Bangladesh Imports As Dhaka Tilts Towards China
India has imposed significant restrictions on imports from Bangladesh, targeting nearly 42% of bilateral imports-valued at approximately $770 million-as a direct response to escalating diplomatic and trade tensions following Dhaka’s growing alignment with China.The new measures, announced in May 2025, limit key Bangladeshi exports such as ready-made garments, processed foods, and plastic goods to