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April 18, 2025 1:18 PM

United States eases port fees on China-built ships after industry backlash

The Trump administration shielded on Thursday domestic exporters and vessel owners servicing the Great Lakes, the Caribbean and U.S. territories from port fees to be levied on China-built vessels, aiming to revive U.S. shipbuilding and counter China'...

April 17, 2025 1:31 PM

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

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 ...

April 17, 2025 6:24 PM

Type 5 Diabetes Officially Recognized: A type impacting the malnourished

Last Week, at the 75th Diabetes World Congress in Bangkok, the International Diabetes Federation (IDF) officially classified Type 5 diabetes as a distinct form of the disease affecting lean, undernourished young adults in low- and middle-income count...

April 17, 2025 6:23 PM

The Domino Effect of U.S. Tariffs: Why the World Can’t Ignore Trump’s Tariff War

President Donald Trump’s latest tariff salvo has ignited a fierce global trade war, slapping a 10% baseline tariff on all U.S. imports, with steeper "reciprocal" duties of 104% on China, 49% on Cambodia, 46% on Vietnam, and 20% on the EU, targeting...

April 17, 2025 10:19 AM

Trump officials could face criminal contempt over deportations, judge says

Trump administration officials could face criminal contempt charges for violating a U.S. federal judge's order halting deportations of alleged members of a Venezuelan gang who had no chance to challenge their removals, the judge said on Wednesday. I...

April 17, 2025 10:23 AM

World Bank’s Banga urges developing nations to lower tariffs, focus on regional trade

World Bank President Ajay Banga urged developing countries on Wednesday to liberalize trade, saying many maintained higher tariffs than advanced economies and lowering them could offset the risk of reciprocal import taxes. Banga told reporters that ...

April 17, 2025 10:23 AM

Trump administration says Harvard may lose ability to enroll foreign students

The U.S. Department of Homeland Security said Harvard University will lose its ability to enroll foreign students if it does not meet demands from the Trump administration to share information on some visa holders, marking the government's latest esc...

April 17, 2025 9:07 AM

Ukraine, US make ‘substantial progress’ on minerals deal, Kyiv says

Ukraine and the United States have made "substantial progress" in their talks on a minerals deal and will sign a memorandum in the near future, First Deputy Prime Minister Yulia Svyrydenko said on Wednesday. U.S. President Donald Trump is seeking ...

April 16, 2025 4:46 PM

Israel will keep Gaza buffer zone, minister says, as ceasefire efforts stall

Israeli troops will remain in the buffer zones they have created in Gaza even after any settlement to end the war, Defence Minister Israel Katz said on Wednesday, as efforts to revive a ceasefire agreement faltered. Since resuming their operation la...

April 16, 2025 4:19 PM

China responds to 245% US tariff: “Ask US for details”

Reacting to the White House’s claim that China now faces tariffs of up to 245% on exports to the United States, Chinese Foreign Ministry spokesperson Lin Jian urged reporters to “ask the US side for specific tax rate figures.” Addressing a...

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