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China gives up developing-country treatment in bid to boost WTO in face of Trump tariffs

BEIJING, September 24, 2025 (AP) — China has said it would no longer seek the special treatment given to developing countries in World Trade Organization agreements — a change long demanded by the United States. Commerce Ministry officials said Wednesday the move was an attempt to boost the global trading system at a time when it is under threat from tariff wars and protectionist moves by individual countries to restrict imports. They did not mention the United States by name or President Donald Trump’s imposition of tariffs on many other countries this year, including China. The U.S. has long argued

Bihar polls would mark beginning of end of Modi govt’s ‘corrupt rule: Kharge

Patna, Sep 24 (PTI) Launching a frontal attack on the BJP, Congress president Mallikarjun Kharge on Wednesday accused it of orchestrating “vote chori” and communal polarisation and asserted that the Bihar Assembly elections would mark the beginning of end of the Modi government’s “corrupt rule”. In his opening remarks at the Congress Working Committee (CWC) meeting here, Kharge also made an apparent reference to US President Donald Trump’s recent statements and actions and took a dig at Prime Minister Narendra Modi. “Our problems at the international level are the result of diplomatic failure of Narendra Modi and his government. The

Stock markets decline in early trade on foreign fund outflows, US H-1B visa fees concern

Mumbai, Sep 24 (PTI) Benchmark indices Sensex and Nifty fell in early trade on Wednesday as foreign fund outflows and concerns over the steep hike in US H-1B visa fees continue to dent investors’ sentiment. The 30-share BSE Sensex dropped 380.48 points to 81,721.62 in early trade. The 50-share NSE Nifty declined 106.45 points to 25,063.05. From the Sensex firms, Tech Mahindra, Tata Motors, ICICI Bank, Bharti Airtel, Tata Consultancy Services, Axis Bank, Titan and Kotak Mahindra Bank were among the major laggards. However, Trent, NTPC, State Bank of India and Asian Paints were among the gainers. Foreign Institutional Investors

Rupee falls 7 paise to 88.80 against US dollar in early trade

Mumbai, Sep 24 (PTI) The rupee depreciated 7 paise from its all-time closing low to 88.80 against US dollar in early trade on Wednesday dragged down by tariff and H-1B visa issues amid persistent foreign fund outflows. Forex traders said rupee is hovering near its all-time low level as enhanced US tariffs on Indian goods as well as US H-1B visa fee hike dented investor sentiments. Moreover, investors’ risk-aversion and trade policy uncertainty has also exacerbated the rupee’s depreciation. At the interbank foreign exchange, the rupee opened at 88.80, registering a decline of 7 paise over its previous close. In

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