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Critical minerals push: India to make rare earth magnets in Hyderabad; G Kishan Reddy says move to cut China reliance

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India will begin domestic production of rare earth magnets in Hyderabad in a bid to reduce reliance on Chinese imports and strengthen its position in critical technology manufacturing, Union Coal and Mines minister G Kishan Reddy said on Saturday.Speaking to ANI, Reddy said the Centre has tasked the National Institute for Transforming Science and Materials … Read more

India-US trade deal: Donald Trump administration may cut tariff to below 20%; putting India in favourable position against other countries

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India-US trade deal: United States is working toward an interim trade agreement with India that could reduce proposed tariffs to below 20%. This would give India a more favourable position compared to other countries in the region.Unlike many nations, India is not expected to receive a formal tariff hike notice this week, and the agreement … Read more

UK economy: May GDP contracts 0.1% for second straight month; BoE rate cut likely amid fiscal pressure

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Britain’s economy contracted for the second consecutive month in May, dealing a blow to finance minister Rachel Reeves as she navigates a shaky domestic recovery and heightened global uncertainty. Official figures released on Friday showed that gross domestic product (GDP) declined 0.1% in May, following a 0.3% drop in April.The latest reading came as a … Read more