Author: TI Editor
Supply Lines is a daily newsletter that tracks global trade. . The CEOs of the three largest American steelmakers are urging US President Donald Trump to resist giving any tariff exemptions on imports of the alloy. Nine US steel industry executives sent a letter to Trump on March 7, just days before the US is expected to implement a 25% tariff on all steel imports. The letter said prior exemptions given to nations allowed for increased import volumes that damped the original impact of Trump’s duties during his first administration. The CEOs, which include Nucor Corp.’s Leon Topalian, United States Steel…
Elon Musk is set to be questioned under oath about his 2022 acquisition of Twitter Inc. in an investor lawsuit alleging that his on-again off-again move to purchase the social media platform was a ruse to lower its stock price. After attorneys for the world’s richest person initially balked at making him appear in person for a deposition, Musk has agreed to meet with lawyers for the investors on April 3 in Washington, DC, according to a court filing submitted Friday by lawyers on both sides. While Musk has been busy lately as a key adviser to President Donald Trump…
(Bloomberg) — Software firm ServiceNow Inc is planning a major expansion in West Palm Beach and has explored relocating its headquarters there from Silicon Valley, according to two people familiar with the idea, boosting the South Florida city’s status as a nexus of money and power. On Thursday, the people told Bloomberg that ServiceNow was planning to move its headquarters to West Palm Beach, eventually creating thousands of jobs in the city. The people cautioned that the plans could still change. On Friday, a company spokesperson confirmed it was exploring an expansion while keeping its corporate base in Santa Clara.…
(Bloomberg) — The Trump administration is preparing to force more companies to stop working in Venezuela, increasing pressure on President Nicolas Maduro after ordering Chevron Corp. to end operations there, according to people familiar with the matter. Officials have told companies including French oil producer Etablissements Maurel & Prom SA and an asphalt company run by Florida oil tycoon Harry Sargeant they’ll have 30 days to end operations in Venezuela once the US revokes their waivers to operate there without running afoul of sanctions, the people said. The US Treasury could initiate the process as soon as Friday, one person…
Mexican billionaire Carlos Slim has reportedly terminated his collaboration with Elon Musk’s satellite internet venture, Starlink, in a move that is set to reshape the telecommunications landscape in Latin America.The decision, first reported byMexico Daily Post, follows increasing tensions between the two business magnates, culminating in Slim’s strategic pivot towards independent infrastructure development.Slim’s telecom giant, América Móvil, has announced an ambitious investment of $22 billion over the next three years to enhance its own telecommunications infrastructure, the report added.According to the publication, this initiative aims to solidify its market dominance while reducing reliance on external satellite-based services like Starlink. Analysts…
In India, where good financial management is highly valued, still currently we have limited reach of financial literacy in the country. Investors lack basic understanding of asset classes and investment tools. Due to this it is often seen that: individuals enter unsustainable debt obligations. That is why it is important to be alert about these everyday traps if one wants a stable financial future.Over-dependence on credit cardsCredit cards are easy to use, but excessive dependence on them can soon become debt. Swiping for everyday transactions without a strategy and proper plan of repayment tends to result in accumulating high-interest debt.…
Modern digital times provide the simplest approach to handle personal loans online. Most lending institutions let their customers view loan information through internet portals or mobile applications enabling efficient payments together with budget tracking. This evaluates the benefits of online loan tracking functions while providing key management approaches for accurate payment control.Key tips for managing personal loans online1. Prioritise high interest rates debtAll your current debts should be listed with rates of interest as a basis for their organization. Most of the time credit card rates together with personal loan rates remain higher than standard loan types. By prioritizing debt…
Several different forms of debt such as credit cards demand personal loans and medical expenses become complicated to handle at once. You can simplify debt repayment through debt consolidation loans which also help you decrease both interest costs and payment complexity. Understanding this choice requires specific information for potential applicants.What is debt consolidation?Debt consolidation refers to uniting multiple loans using a single lending agreement which requires one set monthly payment. The debt consolidation loan reduces your payment management to just one due date from multiple different bills. Such simplification of your financial plan enables better management of your money through…
Two con artists were arrested in Gurgaon for scamming a private firm employee through a fraudulent loan offer. The victim saw a loan advertisement on a poster in Udyog Vihar, leading him to contact the scammers.They convinced him that he was eligible for a ₹30,000 loan, but after deducting fees, he would receive ₹28,000. The scammers took the victim’s personal and banking details, but only gave him ₹20,000, later forging a larger loan in his name, reported TOI.By February 25, the victim realized the fraud when multiple banks contacted him about a loan of over ₹1.3 lakh, far exceeding the…
Long queues, time-consuming documentation, rejections in requests, and constant delays, these are typically the images that come to mind when one considers taking advantage of your Employees’ Provident Fund (EPFO) corpus in India.All of this could be a thing of the past soon. Union Labour Minister Mansukh Mandaviya made the announcement of the imminent arrival of EPFO 3.0, a revolutionary overhaul that will introduce banking-like convenience to EPFO subscribers in millions.What’s the big deal about EPFO 3.0?The big buzz around EPFO 3.0 is the assurance to withdraw money from ATMs, a facility which would bring a much needed change. Union…