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A broadcast screen at the Bombay Stock Exchange (BSE) in Mumbai, India, on April 3, 2025, displays news of U.S. President Donald Trump announcing sweeping new trade tariffs. Nurphoto | Nurphoto | Getty ImagesIndia’s goods trade deficit hit an all-time high of $41.7 billion in October as gold imports surged on festive season demand, while exports to U.S. bore the brunt of steep tariffs.The deficit, which was sharply wider than Reuters poll estimates of $28.8 billion, topped the previous all-time high of $37.8 billion in November 2024, according to LSEG data.During October, India imported gold worth of $14.7 billion, up…

Larry SummersCameron Costa | CNBCFormer Treasury Secretary Larry Summers said Monday that he was stepping back from all public commitments amid fallout from the release of emails between him and the notorious sex offender Jeffrey Epstein.”I am deeply ashamed of my actions and recognize the pain they have caused. I take full responsibility for my misguided decision to continue communicating with Mr. Epstein,” Summers said in a statement obtained by CNBC.”While continuing to fulfill my teaching obligations, I will be stepping back from public commitments as one part of my broader effort,” said Summers, a former president of Harvard University…

After decades of fierce controversies over sexuality and theology in the Anglican Communion, some leaders of a conservative coalition say it’s time to make a final break from what has long been one of the world’s largest Protestant church families.That would make a slow-growing Anglican schism complete — if it happens.But how many church provinces go along with the rupture remains to be seen. Some of the communion’s largest and fastest-growing churches in Africa belong to the conservative group that announced the break — known as the Global Anglican Future Conference, or Gafcon. But several member churches have been silent…

BOSTON (AP) — Larry Summers, the former president of Harvard University who once served as U.S. treasury secretary, issued a statement saying he would step back from public commitments after the release of emails showing he maintained a friendly relationship with Jeffrey Epstein long after the financier pleaded guilty to soliciting prostitution from an underage girl in 2008. The statement sent to The Harvard Crimson and other media on Monday said Summers would step back to “rebuild trust and repair relationships with the people closest to me.”“I am deeply ashamed of my actions and recognize the pain they have caused.…

People pose for pictures at the Wall Street Bull in New York’s Financial District on June 24, 2024 in New York City. Spencer Platt | Getty Images The Nasdaq Composite dropped 0.84% Monday stateside as technology stocks were under pressure, with Apple, Meta and Oracle retreating more than 1% each.Artificial intelligence lynchpin Nvidia performed worse, losing almost 2%. CEO Jensen Huang in October said the chipmaker had “half a trillion dollars” of business on the books for 2025 and 2026. When Nvidia reports its third-quarter earnings Wednesday stateside, investors will be combing through Huang’s comments for signs of strong 2026 growth,…

WASHINGTON (AP) — For years, Washington has been warning others not to trust loans from Chinese state banks fueling its rise as a superpower. But a new report reveals an ironic twist: The United States is the biggest recipient of all — by far. And the security and technology implications have yet to be fully understood.China’s state lenders have funneled $200 billion into U.S. businesses for a quarter of a century, but many of the loans have been kept secret because the money was first routed through shell companies in the Cayman Islands, Bermuda, Delaware and elsewhere that helped obscure…

WELLINGTON, New Zealand (AP) — He was one of the most powerful police officers in New Zealand and a year ago almost won the country’s top law enforcement job. But the public didn’t know Deputy Police Commissioner Jevon McSkimming was facing claims of sexual abuse during an affair with a young staffer and would soon be charged with viewing illegal sex images, including of child abuse, on his work computer.The case has provoked public outrage and reignited a debate about police power two decades after a national outcry about how the force handled another young woman’s sexual violence accusations against…

Nov 17, 2025, 07:46 PM ETFIFA World Cup ticket holders will be able to receive prioritized visa interviews before arriving in the United States for the tournament.The announcement came Monday after a meeting between U.S. President Donald Trump, the White House Task Force and FIFA president Gianni Infantino.Editor’s Picks2 RelatedThe FIFA Priority Appointment Scheduling System, or FIFA PASS, is meant to help the Trump administration balance a strict immigration system while ensuring that visitors for the global soccer tournament can enter the United States without issue.”America welcomes the world,” Infantino said in a statement. “We have always said that this…

With a direct letter sent to nations, host country Brazil is shifting the U.N. climate conference into a higher gear. The letter sent late Monday comes during the final week of what has been billed as a historic climate summit, the first ever in the Amazon rainforest, a key regulator of climate because trees absorb carbon dioxide, a greenhouse gas that warms the planet. The letter comes ahead of speeches of high-level ministers Tuesday. Headliners include representatives from influential European countries like Ed Miliband, energy secretary of the United Kingdom, and Deputy Prime Minister Sophie Hermans of the Netherlands. More…

Low angle view of tall buildings in Tokyo, Japan, showcasing diverse architectural stylesGeorge Pachantouris | Moment | Getty ImagesAsia-Pacific markets fell Tuesday, following a tech-led slide on Wall Street.Japan’s benchmark Nikkei 225 slid 0.92%, while the Topix declined 0.6%. South Korea’s Kospi was 0.64% lower while the small-cap Kosdaq slid 0.58%.Hong Kong’s Hang Seng index lost 0.86%, while mainland CSI 300 was flat.Australia’s benchmark S&P/ASX 200 fell 0.76%.Yields on Japan’s 20-year government bond rose almost 4 basis points to 2.78%, the highest since July 1999, data from LSEG showed. Yields on the 10-year government bond rose around 2 basis points…