China has ordered domestic steelmakers and traders to halt new purchases of iron ore cargoes from BHP Group, one of the world’s largest mining companies. The directive, issued by the state-run China Mineral Resources Group (CMRG), comes amid an escalating pricing dispute between Beijing and the Australian mining giant. China’s…
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BRICS Warns Against Tariffs, Backs India’s 2026 Chairship
The BRICS bloc has issued a strong warning against what it described as the “indiscriminate rise” of tariffs and protectionist trade measures, cautioning that such practices threaten to marginalize the Global South and weaken global economic stability. Meeting on the sidelines of the 80th United Nations General Assembly (UNGA) in…
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India’s Manufacturing Rise: From Reforms to Global Power
India’s manufacturing sector is entering a decisive phase, with fresh data showing strong growth and renewed investor confidence. The Index of Industrial Production (IIP) recorded 3.5% year-on-year growth in July 2025, led by a sharp 5.4% rise in manufacturing output. This momentum is being fuelled by flagship policies such as…
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Piyush Goyal to Visit Washington for India-US Trade Talks
India and the United States are once again pushing forward on stalled trade talks, with Commerce and Industry Minister Piyush Goyal expected to visit Washington in the coming days. The move follows fresh momentum in negotiations after a senior US delegation visited New Delhi on September 16 for intensive discussions…
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Trump, Xi Discuss TikTok & US-China Trade in Key Call
US President Donald Trump and Chinese President Xi Jinping held a key telephone conversation on September 19, 2025, focusing on the future of the popular social media platform TikTok and broader US-China trade relations. The call, reported by AFP and local media, began on Friday evening and marked the second…
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EU Eyes Stronger Trade, Defence Ties with India
The European Union (EU) has outlined fresh plans to strengthen trade, technology, and defence ties with India, even as concerns linger over New Delhi’s longstanding relationship with Moscow. The move signals Brussels’ intent to deepen strategic cooperation with one of the world’s fastest-growing economies. FTA Negotiations Nearing Conclusion Both sides…
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Global Trade Leaders: Top 5 Exporting Countries in 2025
New Delhi: Global trade continues to be dominated by a handful of economic powerhouses that account for the largest share of exports worldwide. According to a 2024 Statista report, the top five countries—China, the United States, Germany, the Netherlands, and Japan—collectively shape trade flows worth trillions of dollars, driving global…
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India-EU FTA Talks Progress, Goyal Optimistic
New Delhi: India and the European Union are pushing forward with negotiations to finalise a long-awaited Free Trade Agreement (FTA), which Union Minister of Commerce and Industry Piyush Goyal described as fair, balanced, and full of opportunity. Addressing the 65th Annual Session of the Automotive Component Manufacturers Association (ACMA), Goyal…