"About 99 percent of the issues have been settled," Indian commerce minister Piyush Goyal told reporters in Delhi late Monday

The tariffs would partially replace a 50% tariff on many Brazilian goods imposed by US President Donald Trump last year

US President Donald Trump on Monday signed a proclamation amending his Section 232 national security tariffs on some aluminum, steeland copper imports, the White House said.

China’s finished steel exports to India more than doubled in April to ‌the highest in at least two years, sparking worries among the latter’s steelmakers that despite the imposition of import tariffs they will be swamped by cheaply priced products.

Gold prices fell on Monday ‌as renewed US-Iran tensions pushed the dollar and oil prices higher, fuelling fears of inflation and reinforcing the higher-for-longer interest rate outlook.

Chinese companies in 15 key industrial sectors received vastly more state support than their international competitors between 2005 and 2024, according to an OECD report released on Monday.

Repression of workers’ rights has deepened around the globe, with even “stable” countries like France and the United States now seeing eroded labour protections, the world’s largest trade union organisation said Monday.

The economic shock from ​the Iran war hit European factories last month, suppressing demand for their goods and pushing up raw ‌material costs at the fastest rate in four years, although their Asian peers saw activity expand due to stockpiling, surveys showed on Monday.

Bangladesh received $3.42 billion in remittances in May this year as migrant workers and Bangladeshis living abroad sent more money home to help their families celebrate Eid-ul-Azha.

Oil prices rose more than 3 percent on Monday after Iran and the US traded strikes and Israel ordered troops to move further into Lebanon in its battle with Tehran-backed Hezbollah

The US trade deficit in goods contracted more than expected in April as a surge in exports blunted rising imports, but economists cautioned the trend was ​unlikely to be sustainable, with businesses ramping up investment in artificial intelligence.

India’s foreign exchange reserves fell to a more than one-year low of $681.4 ​billion in the week ended May 22, from $688.89 billion ‌a week earlier, the Reserve Bank of India (RBI) data showed on Friday.

China’s ​factory activity stalled in May as new export orders contracted and input costs kept rising, an official survey showed on Sunday, ‌adding to concerns the world’s second-largest economy is losing momentum despite pockets of strength in services and high-tech manufacturing.

Canada’s economy posted a surprise contraction in the first quarter versus the year before, making it two straight ‌quarters of annualised decline - which some economists call a technical recession - as the country struggles with US tariff uncertainty.

Oil futures fell more than 2 percent on Friday, closing out their steepest ​weekly decline since early April as traders awaited word that the US, Israel and Iran had reached agreement on a ceasefire.

Inflation in the euro zone’s four largest economies hovered ​above the European Central Bank’s 2 percent target for a third straight month in May, preliminary data showed ‌on Friday, as a rise in fuel costs triggered by the Iran war began to feed through to other prices.

India has scrapped customs duties on cotton imports for five months, the government said on Saturday, as it seeks to boost supplies of contamination-free natural fibre for textile exporters amid strong overseas demand for yarn.

Sri Lanka raised fuel prices by up to six percent on Sunday, in line with IMF plans to recover energy costs and phase out subsidies to stabilise the economy.

India's foreign exchange reserves fell to $681.4 ​billion in the week ended May 22, from $688.89 billion ‌a week earlier

The current 11 percent import duty will be suspended until October 30