Scott Bessent (File photo) TOI correspondent from Washington: US Treasury Secretary Scott Bessent signaled a prospective removal of the 25 per cent penalty tariffs on India for its purchase of Russian oil, citing “success” in Washington’s pressure tactics while appearing to disapprove the outreach of the European Union, which is on the verge of concluding…
Singapore will invest more than Sg$1 billion ($785 million) in public research on artificial intelligence through 2030, as the city-state looks to strengthen its technological capabilities and sharpen its global competitiveness, the government said on Saturday.The funding will be used to set up “world-class” AI research centres, build capabilities to support industrial applications of artificial…
It’s no secret that bitcoin BTC$89,129.30 is currently failing its many narratives, including the claim that it can serve as an inflation hedge or a safe-haven asset amid uncertainty. While gold has climbed more than 80% during this period of high inflation, geopolitical skirmishes, and interest rate uncertainty, bitcoin has dropped 14% year over year….
The Trump administration has quietly expanded the scope for government-backed mortgage giants Fannie Mae and Freddie Mac to buy far more mortgage bonds than previously allowed, a move aimed at lowering home loan rates but one that has revived concerns about financial risk and policy overreach.According to an internal email obtained by the Associated Press,…
Kyiv and other Ukrainian regions came under a massive Russian drone and missile attack overnight as talks continue between US, Russian and Ukrainian officials in the United Arab Emirates aimed at finding a path to end to the war. Kremlin forces launched more than 370 drones and 21 missiles, Ukrainian President Volodymyr Zelenskiy said in…
NEW DELHI: Chief election commissioner Gyanesh Kumar, while describing pure electoral rolls as bedrock of democracy, on Saturday said the success of special intensive revision (SIR) process in Bihar was evident from the zero appeals filed against the final roll and the record-breaking 67% turnout recorded in the state assembly election held thereafter.In a televised…
Global mining stocks have shot to the top of fund managers’ must-have list, as soaring metals demand and tight supplies of key minerals hint at a new supercycle in the sector. With a nearly 90% gain since the start of 2025, MSCI’s Metals and Mining Index has beaten semiconductors, global banks and the Magnificent Seven…
WWE is all set to host its first major event of the year this weekend. The Saturday Night’s Main Event will be held at the Bell Centre in Montreal, a city in Canada’s Quebec. Barring any major update from Friday’s WWE SmackDown episode, the card currently features three announced matches. This includes one championship match,…
State governments’ tourism-related infrastructure is still in need of further improvement as per a ‘National Tourism Day’ report by LocalCircles which stated that only 22% of the respondents reported safety, security and crowd management was effective at tourism sites over the last three years. National Tourism Day is celebrated every year on Jan. 25, with…
Trump and Carney (File photo) US President Donald Trump on Saturday warned Canada and its Prime Minister Mark Carney over making any deals with China. Refering to Carney as “governor”, he said that US will impose 100 per cent tariffs if Canada makes any such deals.“If Governor Carney thinks he is going to make Canada…
