The Trump administration is pausing its trade war with China, withdrawing threats of 100% tariffs and potentially easing chip export curbs. In return, China has agreed to delay rare earth restrictions and resume buying U.S. soybeans, though the framework lacks firm commitments and fails to address core structural issues.
Russia's successful test of the Burevestnik, a nuclear-powered cruise missile with virtually unlimited range, represents a significant leap in military technology. President Putin is using this development to both flex military muscle and simultaneously offer dialogue on arms control, like extending the New START Treaty.
Bangladesh is actively strengthening its relationship with Pakistan, evidenced by high-level military meetings, removal of visa restrictions, and new trade routes. This pivot away from its historically close ties with India is causing concern in New Delhi, particularly regarding security in India's northeast.
The global luxury market is experiencing a split. India's market for luxury goods is projected to grow by 10%, attracting brands like Estee Lauder and Shiseido. Conversely, the luxury electric vehicle (EV) sector is struggling, with Porsche posting massive losses and both Mercedes and Maserati scaling back EV ambitions due to weak consumer demand and high costs.
Keep pulling the thread on Palki Sharma.