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Trump administration imposes 10% Section 301 tariff on India as temporary duties expire
The Trump administration has replaced temporary Section 122 duties with new Section 301 tariffs, setting India’s rate at 10%. Officials and trade experts say the move may affect large shares of Indian exports but could still leave India relatively competitive versus some peers.
Verizon Seals Over $1 Billion Dark Fiber Deal with Google, Raises Profit Forecast
Verizon secures a >$1B deal with Google for dark fiber connectivity to its data centers, boosting its annual adjusted profit forecast and shares by 3%, with additional multi-billion dollar contracts anticipated by year-end under new CEO Dan Schulman.
US Business Activity Sees 8-Month High in July Despite Manufacturing Slowdown
US business activity grew at its fastest pace in 8 months in July, driven by strong service sector demand, despite manufacturing declines and rising costs.
India's Ecommerce Export Reforms Aim to Transform Small-Town MSMEs into Global Exporters
India's latest ecommerce export reforms enable foreign-funded platforms like Amazon and Flipkart to operate inventory-based export models, potentially transforming thousands of small-town MSMEs into global exporters, broadening India's export base.
Sergey Brin's Superyacht Dragonfly Features Dedicated Business Deck
Google co-founder Sergey Brin's 466-foot superyacht, Dragonfly, delivered in 2024, features an entire deck dedicated to business, including a private office and helicopter hangar. This design reflects Brin's hands-on work philosophy, particularly his renewed focus on Google's AI efforts, turning the vessel into a floating headquarters.
India's Energy Supply Challenges Intensify Amid Red Sea and Hormuz Strait Disruptions
India's energy supply faces intensified challenges as the Bab al-Mandeb Strait closes and disruptions persist in the Strait of Hormuz. Three Saudi oil tankers rerouted in the Red Sea due to Houthi blockade, raising global supply concerns, though non-Saudi tankers to India are unaffected. India is sourcing oil from alternative locations like Fujairah.