India anticipates a small price impact on its pharmaceutical exports due to new US tariffs from the Trump administration, government sources told CNBC-TV18. They said this is because the Trump administration has not yet imposed punitive tariffs on the pharma sector. India will work within the World Trade Organization (WTO) framework to prevent the dumping […]
Musk team issued inaccurate USAID firing notices – CNBC TV18
Termination notices sent by billionaire Elon Musk’s cost-cutting team to US Agency for International Development staff were so rife with errors that corrected versions are being issued to avoid affecting pensions and pay, according to five sources familiar with the issue. The Department of Government Efficiency ”did this so quickly that they screwed lots of […]
Critics warn staff cuts at federal agencies overseeing US dams could put public safety at risk – CNBC TV18
Trump administration workforce cuts at federal agencies overseeing US dams are threatening their ability to provide reliable electricity, supply farmers with water and protect communities from floods, employees and industry experts warn. The Bureau of Reclamation provides water and hydropower to the public in 17 Western states. Nearly 400 agency workers have been cut through […]
Trump administration ends Iraq’s waiver to buy Iranian electricity – CNBC TV18
The Trump administration rescinded a waiver on Saturday that had allowed Iraq to pay Iran for electricity, as part of President Donald Trump’s “maximum pressure” campaign against Tehran, a State Department spokesperson said. The decision to let Iraq’s waiver lapse upon its expiration “ensures we do not allow Iran any degree of economic or financial […]
Federal Agencies tell workers to pause reply to Musk threat – CNBC TV18
Several US government agencies have advised their employees to ignore for now a demand from Elon Musk’s government efficiency office to justify their jobs or face dismissal. The Pentagon and Department of Justice have told workers to pause on replying to the Trump administration’s email, citing potential legal pitfalls and agency autonomy. The Department of […]
Macron seeks to align Europe, Ukraine with Trump on Peace Talks – CNBC TV18
Emmanuel Macron held talks separately with Donald Trump and Volodymyr Zelenskyy on aligning with the US after the French president spearheaded an effort to bring Europe to the table for discussions on ending Russia’s war on Ukraine. Macron held the phone calls after hastily convening a mini-summit Monday in Paris with several European leaders to […]
Trump to announce new tariffs on Canada and Mexico starting March 1, exemptions possible – CNBC TV18
US President Donald Trump is expected to announce new tariffs against Canada and Mexico that will begin on March 1, but will include a process for the countries to seek specific exemptions for certain imports, three people familiar with the planning told Reuters. The tariff situation remained fluid on Friday and no decision is final […]
Meta nixes diversity, inclusion programme as it prepares for second Trump administration – CNBC TV18
Joining companies such as John Deere and Walmart, Facebook and Instagram’s parent company Meta Platforms Inc is getting rid of its diversity, equity and inclusion programme that includes hiring, training and picking vendors, a company spokesperson confirmed on Friday. The move, which was first reported by Axios, comes on the heels of the social media […]
Trump’s Cabinet 2.0: Here are the Indian-American leaders appointed to top roles – CNBC TV18
1 / 5 Sriram Krishnan: Senior White House Policy Advisor on Artificial Intelligence (AI) | Sriram Krishnan, an Indian-American entrepreneur and venture capitalist, has been appointed Senior White House Policy Advisor on Artificial Intelligence (AI). Krishnan’s journey to this prominent role began in Chennai, India, where he was born. He completed his BTech in Information […]
Madhu Kela bets big on these themes – CNBC TV18
Madhu Kela, market veteran and founder of MK Ventures, is excited about the energy transition theme, calling it a transformative trend that will drive growth over the next 10-20 years. This is because energy transition is now commercially viable and no longer dependent on subsidies, with electric vehicles (EVs) playing a central role in this […]