Big payback: US launches portal to refund $166 billion in tariffs collected from Trump policy nixed by SCOTUS

The US government launched a portal Monday to refund more than $166 billion in revenue from tariffs imposed by President Donald Trump and struck down by the Supreme Court.In February, the conservative-majority high court ruled against a swath of Trump’s tariffs. The decision marked a stinging rebuke of his key economic policy and opened the…

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Raids, arrests & green file: Why I-PAC is in political crosshairs in Mamata’s West Bengal | India News

NEW DELHI: An Enforcement Directorate (ED) probe into political consultancy firm I-PAC has snowballed into a major political flashpoint in poll-bound West Bengal, placing it at the centre of a fierce battle between Mamata Banerjee’s Trinamool Congress and the BJP-led Centre. What began as a money-laundering investigation has now expanded into a wider confrontation involving…

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How Middle East war could impact India’s trade and macro stability: NITI Aayog report

Ongoing conflict in the Middle East might have a direct impact on India’s economy. According to NITI Aayog, the Iran war poses risks to New Delhi’s trade and macroeconomic landscape, putting pressure on the current account deficit (CAD) and the exchange rate. In its quarterly report Trade Watch Oct–Dec (Q3) FY 2025-26, released on Monday,…

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Hyundai, TVS ink pact to manufacture electric 3-wheelers in India: Details

Hyundai Motor Company and TVS Motor Company have officially entered into a partnership to develop and manufacture electric three-wheelers for India. The two companies have signed a Joint Development Agreement (JDA) to jointly work on electric three-wheeler (E3W) solutions tailored for Indian conditions, with plans to expand into other global markets as well. The idea…

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OpenAI’s top executive openly criticises company’s biggest rival Anthropic in employee memo; says: ‘Anthropic’s story is built on fear, restriction and the idea that…

Denise Dresser, OpenAI’s chief revenue officer, took direct aim at Anthropic in an internal memo sent to employees over the weekend—calling out its rival’s revenue accounting, compute strategy, and company philosophy in unusually blunt terms. The memo reads less like a strategic briefing and more like a case built against a courtroom opponent, dedicating significant…

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America tells France that we do not support your probe against Elon Musk’s X, says: This investigation seeks to use criminal legal system in France to …

The US is not ready to help France in its investigation into Elon Musk’s X (formerly Twitter). This investigation follows French officials’ raid on the social media company’s Paris office earlier this year. In a recent two-page letter (seen by the Wall Street Journal), the US Department of Justice said it would not facilitate requests…

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