International

Business

IMEC to slash logistics costs by 30%, transit time by 40%, says Piyush Goyal

April 17, 2025 revoi editor

The India-Middle East-Europe Economic Corridor (IMEC) is expected to reduce logistics costs by up to 30% and cut transportation time by 40%, Union Minister of Commerce and Industry Piyush Goyal said on Wednesday. The Minister was addressing the IMEC High-Level Roundtable on Connectivity and Economic Growth in New Delhi. Highlighting these figures, Goyal said IMEC […]

Business

US tariffs are weakening credit conditions, says Moody’s

April 16, 2025 revoi editor

New Delhi: Moody’s Ratings on Wednesday said the US-imposed tariffs will weaken credit conditions and raise default risks, especially for low-rated and speculative-grade corporates. These ongoing impositions will have a major impact on global credit conditions and might lead to a possible recession, the media reported. Non-financial corporations are the most at risk from tariffs. […]

Business

The UK: Inflation declines to the lowest in three months

April 16, 2025 revoi editor

New Delhi: Inflation in the United Kingdom slipped to its lowest in three months ended March 2025, according to the Bank of England’s released data. Inflation slowed at an annual rate of 2.6 percent in March from 2.8 percent in February, and below expectations of 2.7 percent, stated the Office for National Statistics (ONS). Unlike […]

Business

Roving Periscope: Trump tries to flush out Lib-Dem’s vestiges on varsity campuses

April 16, 2025 revoi editor

Virendra Pandit New Delhi: After facing multiple court cases during the Joe Biden presidency, and still winning the election in November 2024, US President Donald Trump, in his second, non-consecutive term, has now trained his guns on America’s elite educational institutions to flush out the vestiges of the Liberal-Democrat politico-economic “Deep State” that infested […]

Business

Trade war: Now, China faces up to a 245% tariff on some exports to the US

April 16, 2025 revoi editor

Virendra Pandit New Delhi: In their ongoing Game of Chicken, the US has now imposed additional levy, to a total of 245 percent of tariff on some imports from China. The White House said on Tuesday that this step was taken as a result of China’s retaliatory actions, according to the media reports. President […]

English

Trump maintains position on Canada, believes it would benefit as 51st US state: White House

April 16, 2025 revoi editor

US President Donald Trump still believes Canada would benefit from becoming the 51st state of the United States, White House Press Secretary Karoline Leavitt said during a press briefing on Tuesday. Responding to a question about whether Trump’s stance on Canada had changed, Leavitt said, “I would reject the notion that the president’s position on […]

English

Japan’s population declines straight for 14th year concerns rises

April 16, 2025 revoi editor

Japan’s population contracted by half a million last year , underscoring the country’s mounting challenges in tackling labor shortages and financing its social security system with a shrinking tax base. The issue of population decline has been a major issue for the country, as japan is the third largest economy in the world, and the […]

Business

Singapore: Parliament dissolved, fresh polls on May 3

April 15, 2025 revoi editor

Virendra Pandit New Delhi: After the dissolution of its parliament, the island nation of Singapore will head to the general elections on May 3, in what will be the first electoral test for its new Prime Minister Lawrence Wong, who came to power in 2024. Voting is compulsory for Singapore’s 2.75 million eligible citizens. […]

FILE PHOTO: U.S. President Trump delivers remarks on tariffs, at the White House

English

Asia-Pacific: Growth to decline if President Trump implements reciprocal tariffs

April 15, 2025 revoi editor

New Delhi: Major Asia-Pacific economies, like China, India and Japan, will witness growth decline by 0.2 percent to 0.4 percent over the next two to three years due to implementation of the reciprocal tariff that US President Donald Trump announced on April 2. According to Standard & Poor, the impact of this tariff regime could […]

Business

Roving Periscope: Sensing trouble within, President Xi sacks PLA’s No 2

April 15, 2025 revoi editor

Virendra Pandit New Delhi: Ever since he got the Communist Party scrap the two-term limit on his presidency in 2018, effectively allowing him to remain in power for life, an insecure Chinese President Xi Jinping has been sacking hundreds of officers at different levels of his government on “corruption” charges to shield his own […]