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China’s exports to US sink, offset by trade with other economies, as US tariffs hit global trade

China’s exports to US sink, offset by trade with other economies, as US tariffs hit global trade

May 9, 2025 (AP) China’s exports to the United States tumbled in April while its trade with other economies surged, suggesting that President Donald Trump’s tariffs offensive is hastening a shakeup in global supply chains. Total exports from China rose 8.1% last month from a year earlier, much faster than the 2% pace most economists had been expecting. That was much slower than the 12.4% year-on-year increase in March. Imports fell 0.2% in April from the year before. Shipments to the U.S. sank 21% in dollar terms as Trump’s tariffs on most Chinese exports rose to as high as 145%.

Sanjay Raut slams those celebrating war, advocates restricting propaganda amid escalation

Sanjay Raut slams those celebrating war, advocates restricting propaganda amid escalation

New Delhi [India], May 9 (ANI): Shiv Sena (UBT) MP Sanjay Raut on Friday asserted that the Centre must restrict propaganda being spread in the media amid escalation between India and Pakistan as both sides resort to continuous retaliation, posing a threat to civilian lives. He also criticised those celebrating war rather than extending support to the armed forces and those being “martyred” in the ongoing tensions. “The government should control the propaganda happening (in the media during such times). Otherwise, it will pull down the morale of our Army. The entire world is laughing at us. Even the retired

Sensex, Nifty tumble in early trade amid soaring tensions between India-Pakistan

Sensex, Nifty tumble in early trade amid soaring tensions between India-Pakistan

Mumbai, May 9 (PTI) Stock market benchmark indices Sensex and Nifty tumbled in early trade on Friday as tensions soared between India and Pakistan fuelling fears of a wider conflict. India on Thursday night swiftly thwarted Pakistan’s fresh attempts to strike military sites with drones and missiles including in Jammu and Pathankot after foiling similar bids at 15 places in northern and western regions of the country, as tensions soared between the two countries amid fears of a wider conflict. The Indian armed forces on Wednesday had carried out precise missile strikes on nine terror targets in Pakistan-occupied Kashmir (PoK)

Rupee falls 30 paise to 85.88 against US dollar in early trade

Rupee falls 30 paise to 85.88 against US dollar in early trade

Mumbai, May 9 (PTI) The rupee depreciated 30 paise to 85.88 against the US dollar in early trade on Friday, weighed down by intensifying geopolitical tensions between India and Pakistan. Forex traders said geopolitical tensions between India and Pakistan have sparked risk-off sentiment in the market leading to the rupee weakness. Besides, increased demand for the US dollar further dented investor sentiments. At the interbank foreign exchange, the domestic unit opened at 85.88 against the greenback, registering a fall of 30 paise over its previous close. On Thursday, the rupee saw its steepest single-day fall in more than two-and-a-half years

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