US President Donald Trump's administration imposed new tariffs of 10-12.5% on 60 economies, citing failure to enforce forced labor bans. Australia, New Zealand, the EU, Japan, and South Korea vehemently objected, calling the claims unfounded and the tariffs unjustified, warning of increased costs and trade uncertainty.
India's telecom industry anticipates a 12-15% tariff increase within 3-4 months due to market consolidation favoring established players. ARPU is expected to rise slightly this quarter, driven by 4G/5G upgrades, with Reliance Jio and Bharti Airtel gaining subscribers while Vodafone Idea expands its 5G network.
Australia's beef imports have reached 90% of the quota specified in Ministry of Commerce Announcement 2025 No. 87. Starting three days after reaching 100% of the quota, a 55% tariff will be imposed on Australian beef imports.
US President Donald Trump on Thursday said the European Union must ratify its trade deal with the United States by July 4 or face “much higher” tariffs, after European officials fell short of agreement on the pact. The US president said he spoke to EU chief Ursula von der Leyen about the issue and “agreed to give her until our Country’s 250th Birthday or, unfortunately, their Tariffs would immediately jump to much higher levels”. The Fourth of July holiday this year marks 250 years since the...
The World Data Organization launched in Beijing on March 30, aiming to align national data policies, develop industry standards, and reduce compliance costs for multinationals. The organization has 200 members across 40 countries, including companies, universities, think tanks, and financial institutions. This launch adds to a growing network of multilateral bodies headquartered in China with international participation.
Vodafone Idea CEO Abhijit Kishore stated the company will implement only minor tariff corrections rather than a broad rate hike. The telecom operator is currently prioritizing performance improvements and subscriber growth following recent gains.
