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2025-05-02 21:11:11| The Economic Times

Donald Trump's administration plans significant federal budget changes. The proposal includes a $163 billion cut, impacting education and housing. Defence and border security spending will increase. Non-defence discretionary spending faces a 23% reduction. The budget aims to fulfil Trump's promises on border security. Tax cuts extension could add $5 trillion to the national debt. Democrats criticise the cuts as severe.


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2025-05-02 21:06:02| The Economic Times

China is considering trade talks with the U.S. after observing signals from Washington expressing a willingness to negotiate tariffs. This development follows increased tariffs by the U.S. and subsequent retaliation from China, potentially signaling a shift in the economic stalemate.


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2025-05-02 20:57:41| The Economic Times

The United Nations is contemplating a significant restructuring, potentially merging numerous agencies into four main departments amid funding challenges exacerbated by US aid cuts. This overhaul could consolidate humanitarian operations, integrating entities like the World Food Programme and WHO.


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