According to British firm GlobalData, the reported insurance claim will more than triple the annual premium for the aviation industry in India in 2023.
The major averages in Asia were mixed in early trading as traders took stock of Wall Street’s gains overnight and stayed wary about the crisis in the Middle East.
Earlier, a report by German newspaper Handelsblatt stated that the 10% tariff offer would come with certain conditions and that it would not be permanent.
According to a report by Reuters, the Trump administration issued a memo over the weekend, highlighting 12 concerns about these nations and seeking remedial measures.
The report added that the EU was prepared to reduce tariffs on U.S.-made vehicles and streamline its regulatory process to facilitate easier sales of U.S. cars in the region.
Market summary: US markets closed lower on Friday due to rising Iran-Israel tensions. Most sectors declined but energy stocks rose. Asian, Eurozone, and US futures are up while oil prices dip.
