Donald Trump
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Trump approves nuclear deal with Saudi Arabia. Here’s what is in 30-year agreement
Fp Explainers •US President Donald Trump has approved a landmark 30-year civilian nuclear agreement with Saudi Arabia, allowing US companies to build the kingdom’s nuclear infrastructure and potentially a uranium enrichment facility. Here’s why it is controversial, and what it could mean for security in the region
2-year shield, 200% cliff: Trump’s drug tariff roadmap poses a tough challenge for Indian generics
Dheeraj Kumar •Trump has announced a phased tariff plan for imported generic drugs, keeping tariffs at 0% for two years before imposing a 100% duty in 2028 and 200% thereafter
0% now, 200% later: What Trump’s phased generic drug tariffs mean for India
Fp Explainers •US President Donald Trump has announced that generic drugs will face zero tariffs for two years from August 1, before a 100 per cent levy takes effect in August 2028 and rises to 200 per cent a year later. This move could impact India, as it supplies nearly 40 per cent of all such drugs to the nation
In win for MBS, Trump approves nuclear deal with Saudi Arabia with few safeguards
Fp Staff •In a major victory for Crown Prince Mohammed bin Salman, US President Donald Trump has approved a nuclear deal with Saudi Arabia with few safeguards. There are concerns that the deal is not strong enough to prevent military usage of enriched uranium and may spark a nuclear race in West Asia.
Pakistan seeks $10 billion US currency lifeline after Iran war mediation role: Report
Fp Business Desk •Pakistan has sought a $10 billion currency stabilisation facility from the US to bolster foreign exchange reserves and ease pressure on the rupee after its diplomatic role in Iran war talks, Reuters reported
$37.5 billion and counting: Hegseth reveals Iran war cost as Pentagon seeks billions more
Fp Business Desk •US Defence Secretary Pete Hegseth says the Iran war has cost Washington $37.5 billion so far as the Pentagon seeks billions more in funding amid rising casualties and growing opposition to the conflict
Paramount-Skydance merger: Why US states are challenging the deal
Fp Business Desk •A US federal judge has temporarily halted the proposed $110 billion Paramount-Skydance and Warner Bros. Discovery merged on August 3, after 12 Democratic-led states argued the deal could significantly reduce competition in the entertainment industry.
‘US can’t secure Strait of Hormuz without ground troops’: Experts wargame US-Iran war
Fp Staff •The US military cannot reopen the Strait of Hormuz without deploying tens of thousands of soldiers in a major ground operation, experts who wargamed the US-Iran war in West Asia have concluded.
Pro-Trump super PAC MAGA amasses $400 million ahead of US midterm elections
Fp Business Desk •Trump-backed super PAC MAGA has amassed more than $400 million in cash, strengthening Republican efforts to defend their narrow House and Senate majorities in the November US midterm elections
Trump declares ‘Netanyahu will not be arrested’ after Mamdani weighs arrest during New York visit
Fp Staff •After New York City Mayor Zohran Mamdani said he was exploring whether he could arrest Benjamin Netanyahu during a visit to the city, US President Donald Trump declared that the Israeli prime minister would not be arrested under any circumstances.