Uneasy Allies
For decades, West Asia has operated on a simple assumption: when Washington and Jerusalem stand together, their adversaries have little room to manoeuvre.
For decades, West Asia has operated on a simple assumption: when Washington and Jerusalem stand together, their adversaries have little room to manoeuvre.
Uddhav Thackeray-led Shiv Sena Rajya Sabha MP and chief Sena spokesperson Sanjay Raut on Thursday alleged that Prime Minister Narendra Modi had met Cockroach Janta Party (CJP) chief Abhijeet Dipke in the United States before the latter visited India.
Fitch Ratings has lowered India's GDP growth projection for the current fiscal year to 6.4 per cent from the earlier estimate of 6.7 per cent. It said the US-Iran war will slow the economy in the September and December quarters.
The swift collapse of the Trump administration's proposed anti-weaponisation fund is significant for reasons that extend far beyond the fate of a single programme.
The geopolitical shock created by the Iran conflict is forcing countries far beyond West Asia to confront an uncomfortable reality: energy security can no longer be built around a single region, a single route or a single set of political assumptions.
Brazilian President Luiz Inacio Lula da Silva criticised the new tariff regime of the United States, saying Washington's attempt to reshape global trade under US President Donald Trump "won't work" and violates the principles of multilateralism.
US President Donald Trump’s sweeping reciprocal tariffs go into effect Tuesday at midnight US Eastern time (9:30 am IST) unaffected by negotiations underway between the US and the affected trading partner countries, with the heaviest levy of 104 per cent on goods from China.
Union Minister Hardeep Puri on Tuesday said he was confident India would emerge stronger from the fallout of the US administration tariffs once the bilateral trade agreement between the two partner countries is finalised.
Union Commerce and Industry Minister Piyush Goyal said on Monday that India is well poised to convert the current market fluctuations into an opportunity, against the backdrop of the reciprocal tariffs imposed by the US.
The effect of the newly announced reciprocal tariffs by US President Donald Trump is now being felt in the global commodity markets, with sharp declines seen in the prices of key commodities like gold and crude oil.
