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Global markets rebounded last week as fears a global trade war would erupt in the first days of Trumps presidency were assuaged after the President avoided placing immediate import levies on goods from Mexico, Canada and China. Threats resurfaced, however, after Trump ordered punitive trade sanctions on Colombia Sunday for rejecting US deportation flights over human rights issues.
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Colombian President Gustavo Petro has arranged for the presidential plane to repatriate Colombian nationals deported from the US, ensuring their dignified return. This follows US President Trump's imposition of 25 per cent tariffs and other sanctions after Colombia blocked US military deportation flights. Colombia aims to guarantee respectful treatment for deported citizens and is seeking humane migration solutions.
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The asset under management (AUM) of Indian mutual funds was $850 billion as of December 2024 and the Indian mutual fund industry aspires to reach a target of $3-4 trillion as key factors such as transparency drive growth in the mutual funds.
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