Trump’s tariff deadline delay brings hope, confusion to trade partners, businesses
09 Jul
Business News

Trump’s tariff deadline delay brings hope, confusion to trade partners, businesses

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Business WASHINGTON — President Donald Trump’s latest tariff delay provided some hope to major trade partners Japan, South Korea and the European Union that deals to ease duties could still be reached, while bewildering some smaller exporters such as South Africa and leaving companies with no clarity on the path forward.Trump’s form letters to 14 countries informing them of planned tariff rates of 25% to 40% provided what he called a final warning on his “reciprocal” tariffs, while pushing back Wednesday’s previous deadline to August 1, a date he said on Tuesday was final, declaring: “No extensions will be granted.”The move reflects Trump’s frustration with trade negotiations that are proving lengthier and more complicated than the “90 deals in 90 days” that he expected, trade experts and administration officials say.The president, who announced on Tuesday...
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Wipro FMCG arm’s revenue up 3.5% in FY25
09 Jul
Business News

Wipro FMCG arm’s revenue up 3.5% in FY25

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Business BENGALURU: Wipro Consumer Care & Lighting (WCCL)'s revenue rose by 3.5% to Rs 10,600 crore in the 2024-25, with demand impacted by inflation and subdued consumer sentiment. "We are clearly seeing a slowdown in China - dramatic drops of 20% to 25%. We haven't dropped as much but are facing flat or marginal declines there. India shows muted growth, mainly due to the demand environment and last year's election delaying govt orders. However, volume growth was 7.8% last year, the highest in the industry. No quarter grew less than 7% volume-wise. However, premium and economy products did well," its CEO, Vineet Agrawal, said.The company stated that its flagship Santoor soap and body lotion brand crossed sales of over Rs 2,750 crore during the same period, marginally up from Rs 2,650 crore in the year-ago...
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Top South African official accuses police minister of colluding with crime syndicates
07 Jul
Business News

Top South African official accuses police minister of colluding with crime syndicates

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Business A South African top security official accused the police minister and a deputy national commissioner of colluding with crime syndicates, sparking public uproar. In an unprecedented move, General Nhlanhla Mkhwanazi, head of the police in the province of KwaZulu-Natal, called for a press conference Sunday and claimed that Senzo Mchunu and Shadrack Sibiya had interfered with sensitive police investigations. He also alleged both men disbanded a crucial crime unit tasked with investigating repeated politically motivated killings in the province after it was...
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Auckland’s Covid lockdown cut Northland off from rest of country, Royal Commission of Inquiry told
07 Jul
Business News

Auckland’s Covid lockdown cut Northland off from rest of country, Royal Commission of Inquiry told

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Business Navigation for News Categories NorthChamber president Tim Robinson at his business, Bernina Northland. Photo: RNZ / LUKA FORMANNorthland's business community says Auckland was one of the region's biggest obstacles during the Covid-19 pandemic. The region's chamber of commerce was questioned as part of the Royal Commission of Inquiry into New Zealand's pandemic response. When the country went into a two-month lockdown in March of 2020, businesses like those owned by NorthChamber president Tim Robinson took it on the...
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