The United States is leveraging its trade policy to promote the adoption of Elon Musk’s Starlink satellite internet system in countries facing steep tariffs, with Lesotho emerging as the latest-and most prominent-example of this strategy. Starlink’s Global Push Tied to U.S. Trade Policy According to recently obtained State Department cables, U.S. embassies and diplomats have … Read more
Norway’s sovereign wealth fund, the world’s largest with $1.7 trillion in assets, reported a staggering $40 billion loss in the first quarter of 2025, driven by a sharp decline in technology stocks. The fund, managed by Norges Bank Investment Management (NBIM), faced its biggest quarterly loss in 18 months, highlighting the volatility of global markets. … Read more
Mumbai, April 7, 2025 – Indian stock markets nosedived into chaos today, earning the grim moniker “Black Monday,” as the Sensex plummeted 2,226 points to close at 73,137.90—a 2.95% drop—while the Nifty shed 742.85 points, or 3.24%, to end at 22,161.60. Intraday losses were even steeper, with the Sensex dipping below 70,500 and the Nifty … Read more
In a move that has sent shockwaves through the global economy, the United States has escalated its tariff war, imposing a 25% tariff on imports from Canada and Mexico and a 10% tariff on Chinese goods. Economists warn that these measures could have far-reaching implications for trade dynamics, economic growth, employment, and inflation across multiple … Read more