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French President Macron urges EU to consider trade ‘bazooka’ in response to US tariffs threat

BRUSSELS, January 21, 2026 (AP) — Rattled by President Donald Trump’s aggression towards Greenland, the European Union is readying counter-measures against the United States. But as primarily a trading bloc of 27 nations, the EU’s toolkit is mostly financial instruments, from steep tariffs on U.S. goods to the so-called “trade bazooka” touted by French President Emmanuel Macron. The term is shorthand for the bloc’s Anti-Coercion Instrument, or ACI, that could sanction individuals or institutions found to be putting undue pressure on the EU. Those sanctions could inflict untold billions of dollars in costs to U.S. companies by restricting EU market

Rupee plunges to record low of 91.64 against US dollar

Mumbai, Jan 21 (PTI) The rupee plunged 67 paise to close at an all-time low of 91.64 (provisional) against the American currency on Wednesday, pressured by persistent foreign fund outflow amid heightened uncertainty and risk-off sentiment in global markets. The rupee recorded its previous all-time low of 91.14 on December 16, 2025, and so far this month, the local unit has fallen by 1.50 per cent, forex traders said, adding that the depreciation can be attributed to heightened geopolitical uncertainty. Rising tensions in Europe over the Greenland issue and potential tariffs, along with a negative trend in the domestic market,

OpenAI seeks to increase global AI use in everyday life

SAN FRANCISCO, Jan 21 (Reuters) – OpenAI is expanding its efforts to convince global governments to build more data centers and encourage greater usage of artificial intelligence in areas such as education, health and disaster preparedness. The initiative – called OpenAI for Countries – will expand the reach of its products and help close the gap between countries with broad access to AI technology and nations that do not yet have the capacity, the company said. OpenAI also hopes to encourage deeper usage of its tools, adding that AI systems are capable of more complex tasks than many people realize.

India fiscal policy to turn pro-growth as government moves to target debt-to-GDP, economists say

MUMBAI, Jan 21 (Reuters) – India’s fiscal policy is expected to turn more growth-supportive as the federal government shifts to targeting the debt-to-GDP ratio starting April 2026, several economists said in notes ahead of the annual budget on February 1. Until now, the government targeted the fiscal deficit, which will be lowered to a targeted 4.4% of GDP for the year ended March 2026 from 9.2% in 2020-21. The shift to debt-to-GDP as the key fiscal measure will result in a more modest pace of tightening, supporting growth, economists said. “We believe government will look to target 55% of GDP

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