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Pressure from Trump for trade deals before Wednesday deadline, but hints of more time for talks

WASHINGTON, July 7, 2025 (AP) — The Trump administration is stepping up pressure on trading partners to quickly make new deals before a Wednesday deadline, with plans for the United States to start sending letters Monday warning countries that higher tariffs could kick in Aug. 1. That furthers the uncertainty for businesses, consumers and America’s trading partners, and questions remain about which countries will be notified, whether anything will change in the days ahead and whether President Donald Trump will once more push off imposing the rates. Trump and his top trade advisers say he could extend the time for

BRICS group condemns increase of tariffs in summit overshadowed by Middle East tensions

RIO DE JANEIRO, July 7, 2025 (AP) — The BRICS bloc of developing nations on Sunday condemned the increase of tariffs and attacks on Iran, but refrained from naming U.S. President Donald Trump. The group’s declaration, which also took aim at Israel’s military actions in the Middle East, also spared its member Russia from criticism and mentioned war-torn Ukraine just once. The two-day summit was marked by the absences of two of its most powerful members. China’s President Xi Jinping did not attend a BRICS summit for the first time since he became his country’s leader in 2012. Russian President

Gold declines Rs 600 to Rs 99,020/10 g; silver plunges Rs 1,000

New Delhi, Jul 4 (PTI) Gold prices declined Rs 600 to Rs 99,020 per 10 grams in the national capital on Friday due to fresh selling by stockists, according to the All India Sarafa Association. The yellow metal of 99.9 per cent purity had settled at Rs 99,620 per 10 grams on Thursday. Gold of 99.5 per cent purity slipped Rs 500 to Rs 98,500 per 10 grams (inclusive of all taxes). It had closed at Rs 99,000 per 10 grams in the previous market close. “Gold prices declined on Friday as the US dollar and treasury yields moved higher

Govt employees under Unified Pension Scheme to get tax benefit akin to NPS: Finmin

New Delhi, Jul 4 (PTI) In a bid to promote Unified Pension Scheme, the government has made necessary changes to provide tax benefits to employees opting for UPS at par with those under National Pension System (NPS). The inclusion of UPS under the tax framework marks another step forward in the government’s effort to strengthen retirement security for central government employees through transparent, flexible and tax-efficient options, the finance ministry said in a statement. “The government has decided that tax benefits as available under NPS would apply mutatis mutandis to UPS as it is an option under NPS,” it said.

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