Elon Musk Political Party
Elon Musk Political Party | আমেরিকার রাজনীতিতে মাস্ক, নতুন দল গঠন ইলনের | Zee 24 Ghanta
Elon Musk Forms New Political Party in U.S. | Major Shake-Up in American Politics | Zee 24 Ghanta
Elon Musk Forms New Political Party in U.S. | Major Shake-Up in American Politics | Zee 24 Ghanta
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Updated:
Jul 06, 2025, 03:40 PM IST
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Elon Musk Forms New Political Party in U.S. | Major Shake-Up in American Politics | Zee 24 Ghanta
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Business Standard
28 minutes ago
- Business Standard
Rupee slips on Trump's additional 10% Brics tariff; opens lower at 85.57/$
The Indian Rupee fell on Monday as US President Donald Trump threatened to impose an additional 10 per cent on countries aligning with Brics policies. The domestic currency opened 18 paise lower at 85.57 against the dollar on Monday, according to Bloomberg. All Asian currencies traded in the red with Thai Baht leading the fall, as caution loomed over the US reciprocal tariff deadline. The currency has appreciated 0.17 per cent so far this month, after having fallen 0.18 per cent in the first six months of the calendar year. President Trump, on Monday, threatened to levy an additional 10 per cent tariff on any country aligning itself with 'the Anti-American policies of BRICS,' fueling more uncertainty in the markets. 'Any country aligning themselves with the Anti-American policies of BRICS will be charged an ADDITIONAL 10 per cent Tariff,' Trump said in a Truth Social post. 'There will be no exceptions to this policy.' The group's leaders, over the weekend, agreed to continue talks on a cross-border payment system for trade and investments, according to a Bloomberg report. Trump had previously threatened to slap 100 per cent levies on Brics in case they drop the dollar in bilateral trade. Meanwhile, Treasury Secretary Scott Bessent told CNN that several major agreements are nearing completion, according to reports. As others remain out of reach, he added that some deals may include a three-week extension option. However, India and the US are likely to take a final decision on the 'mini trade deal' in the next 24-48 hours, as per media reports. The Indian Rupee has remained range-bound over the past few days, trading between 85.30 and 85.60, analysts said. Nationalised banks have been buying dollars on dips, while exporters and other inflows have been selling on upticks, according to Anil Kumar Bhansali, head of treasury and executive director at Finrex Treasury Advisors LLP. Exporters are awaiting a move towards 86 to hedge, while importers are eyeing 85, he said. "In the meantime, market participants can cover their daily and weekly requirements. Today's opening is around 85.50, with an expected range of 85.30–85.80."
Time of India
37 minutes ago
- Time of India
Tesla CFO Vaibhav Taneja named treasurer as Elon Musk launches ‘America Party'
Academy Empower your mind, elevate your skills A federal election commission (FEC) document is being widely shared on social media, revealing that Elon Musk has registered the America Party with the close examination, an Indian-origin name can be found on the document: Vaibhav Taneja, the chief financial officer (CFO) of is listed as the treasurer and custodian of records for Musk's new political party. His appointment to these key roles isn't surprising, considering his deep experience in financial roles and his involvement in Tesla's financial became Tesla's CFO in August 2023. Taneja joined the company in 2017 following its acquisition of SolarCity, where he held a senior finance position. Over the years, he climbed the ranks, starting as assistant corporate controller, then becoming corporate controller, chief accounting officer, and eventually announced on Sunday, that he is launching The America Party, to fight against Trump's 'big, beautiful' tax a post on X, he stated, 'Today, the America Party is formed to give you back your freedom.'He said, 'By a factor of 2 to 1, you want a new political party and you shall have it!'Taneja also made news recently for reportedly earning $139 million in 2024, which is far more than what other big tech executives are earning, including Microsoft's Satya Nadella and Google's Sundar Pichai.
The Wire
an hour ago
- The Wire
At Rio Summit, BRICS Hits Out at Tariffs, Iran Attacks and Gaza, but Stops Short of Naming US
New Delhi: As the United States prepares to notify its trade partners of revised tariff rates on their imports, the BRICS grouping of emerging economies, several of whom are engaged in trade talks with Washington, voiced 'serious concerns' over 'unilateral tariff and non-tariff measures,' but stopped short of directly naming Washington. US President Donald Trump has, meanwhile, issued a stark waring from White House. 'Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy,' he posted on his social media platform, Truth Social. The leaders' joint statement, issued after the BRICS summit in Rio de Janeiro on Sunday, reflected the difficulty negotiators from the 11 members faced in agreeing on language that could reconcile competing national interests across a range of issues, from US trade policy and UN Security Council expansion to condemning Israel for Gaza conflict and the recent Iran-Israel escalation. India is among the five founding members of BRICS, alongside Brazil, Russia, China and South Africa. In 2024, the bloc expanded to include Indonesia, Iran, Egypt, Ethiopia and the United Arab Emirates. Next year, India will be hosting the BRICS summit for the second time. While the heads of state of nearly half the member countries stayed away, key leaders present in Rio included Indian prime minister Narendra Modi, Indonesian president Prabowo Subianto, South African president Cyril Ramaphosa and Ethiopian prime minister Abiy Ahmed. Russian president Vladimir Putin and Chinese president Xi Jinping were both absent. This was Xi's first time skipping a BRICS summit since becoming president in 2013, while Putin's absence was linked to an International Criminal Court warrant. India and terrorism While global attention was largely fixed on how the BRICS bloc would respond to US tariff measures, India was more focused on the language in the joint statement concerning terrorism and United Nations Security Council reform. The leaders' declaration 'condemn[ed] in the strongest terms' the terror attack at Pahalgam on April 22, which India had blamed on Pakistan. The incident led to a four-day military exchange between the two countries, with India targeting what it described as terror infrastructure across the border. Although the BRICS statement did not explicitly name Pakistan, it reaffirmed the group's commitment to addressing the cross-border movement of terrorists, terror financing and safe havens. This language closely reflected the wording used in last year's Kazan declaration. Both statements called for 'zero tolerance' towards terrorism, rejected 'double standards' in its handling, reiterated support for the long-pending UN Comprehensive Convention on International Terrorism proposed by India, and underlined that terrorism should not be associated with any religion, nationality or ethnic identity. In his statement during the session on peace and security, Modi said that 'condemning terrorism must be a matter of principle, and not just of convenience'. 'If our response depends on where or against whom the attack occurred, it shall be a betrayal of humanity itself,' he added. In this image released by @MEAIndia via X on July 6, 2025, Prime Minister Narendra Modi addresses a session on 'Peace and Security and Reform of Global Governance' during the 17th annual BRICS Summit, in Rio de Janeiro, Brazil. Photo: Via PTI. India and UNSC The other issue highlighted by India is the UN Security Council reform. While BRICS declarations have routinely supported 'comprehensive reform' of the United Nations, this year's statement added that such reform should result in 'the amplified voice of the Global South'. It referred back to earlier declarations from the summits in Beijing and Johannesburg, which recorded the support of China and Russia – both permanent members of the Security Council, for the "aspirations of Brazil and India to play a greater role in the United Nations, including its Security Council." However, the declaration again stopped short of endorsing their candidacy for permanent seats. Negotiations over this paragraph were reportedly among the most difficult in the run-up to the BRICS summit, largely due to the group's recent expansion. Until 2023, South Africa had consistently been listed alongside Brazil and India as an aspirant for 'greater role' in UN. But with Egypt and Ethiopia now part of BRICS, African representation on the issue has become more complicated. Both Egypt and Ethiopia pushed for a formulation that acknowledged that the African Union had yet to decide on the continent's candidates for permanent seats, consistent with the Ezulwini Consensus and Sirte Declaration. Trump The Rio summit also unfolded under the shadow of the United States' planned reimposition of tariffs, set to kick in from July 9. President Donald Trump had earlier warned of 100% duties on imports from BRICS countries if they pushed forward with alternatives to the dollar in global trade. In April, he announced new 'reciprocal' tariffs calibrated by country, including 26 percent for India, 30 percent for South Africa and 84 percent for China. These were put on hold for 90 days, during which several countries, including India, have accelerated trade talks to limit the impact. The BRICS countries voiced "serious concerns about the rise of unilateral tariff and non-tariff measures," warning that such actions are illegal and arbitrary. The joint statement described the 'indiscriminate rising of tariffs and non-tariff measures' as part of a wider trend of trade-restrictive practices that risk reducing global trade, disrupting supply chains, and creating uncertainty in the global economy. Despite the strong language, the declaration did not explicitly blame the United States. Analysts believe this omission reflected the host country Brazil's reluctance to provoke Washington. ' Brazil wants the least amount of damage possible and to avoid drawing the attention of the Trump administration to prevent any type of risk to the Brazilian economy,' Ana Garcia, a professor at the Rio de Janeiro Federal Rural University, told Associated Press. However, this cautious approach did not appear to placate Trump. In a social media post issued shortly after the summit, he threatened to impose fresh 10% tariffs on BRICS members. It is uncertain which 'anti-American' policies he was targeting. Earlier in the year, his warnings were triggered by reports of a proposed BRICS currency – an initiative that now appears sidelined, as there was no reference to it in the final text. 'Genocide' and other wars The BRICS joint statement also avoided identifying either Iran or the United States when it referred to recent attacks on Iranian 'civilian infrastructure and peaceful nuclear facilities' as a 'violation of international law and relevant resolutions of the IAEA'. Nevertheless, this marked a slight shift in tone from the bloc's earlier statement issued on June 25, which had only expressed 'grave concern over the military strikes' against Iran. In contrast, the Rio de Janeiro declaration used the term 'condemn'. On the war in Ukraine, the declaration once again avoided any direct criticism of Russia. Instead, it backed diplomatic initiatives led by Brazil and China, and a group of African nations. The statement also referred to attacks on Russian regions such as Bryansk and Kursk, but did so without assigning blame or identifying the perpetrators. The most direct criticism in the statement was aimed at Israel. The leaders expressed 'grave concern' over the military operations in Gaza and 'denounced the Israeli attacks against humanitarian operations, facilities, personnel and distribution points.' Although the host Brazilian president Luiz Inácio Lula da Silva had referred to the situation in Gaza as ' genocide ' in his remarks during the summit, that term did not appear in the final declaration. The BRICS joint statement echoed the language of a recent United Nations General Assembly resolution by condemning 'all violations of international humanitarian law, including the use of starvation as a method of warfare.' India had unexpectedly abstained on that resolution, which had led the opposition to accuse the government of losing moral compass. In addition, the bloc called on all parties to engage 'in good faith' to secure an 'immediate, comprehensive and permanent ceasefire in Gaza,' ensure the release of all hostages, withdraw Israeli forces fully, and allow unhindered access of humanitarian aid. The declaration also reaffirmed support for full UN membership for Palestine and reiterated BRICS' 'unwavering commitment to the two-state solution.' However, Iranian foreign minister Abbas Araghchi later stated on his official Telegram channel that Tehran had registered reservations about the reference to the two-state solution, as Iran does not recognise Israel. The Wire is now on WhatsApp. Follow our channel for sharp analysis and opinions on the latest developments.
