U.S. Treasury Secretary Scott Bessent held a meeting on Monday with ministers from different U.S. partners and allies, urging those nations to increase their supply chain resiliency, the Treasury Department said.
The plan is part of Prime Minister Narendra Modi's efforts to boost security of user data as online fraud and data breaches increase in the world's second-largest smartphone market.
Investors on Monday brushed aside the dramatic news of the Trump administration's threat to criminally indict Fed Chair Jerome Powell, lifting the S&P 500 to an all-time high, while precious metals also soared to new peaks.