International
India has summoned Russia’s charge d’affaires in New Delhi and lodged a strong protest over an attack on the commercial vessel MV Golden Leo that killed four Indian seafarers. The ship was struck while departing Ukraine’s Black Sea port of Odesa. India Summons Russian Diplomat The Ministry of External Affairs summoned Russian chargé d’affaires Vladimir […]
International
The United States’ military campaign against Iran is estimated to cost $37.5 billion through the end of September, according to US Defense Secretary Pete Hegseth. The figure was presented as the Pentagon sought billions of dollars in additional funding from Congress. Iran War Cost Reaches $37.5 Billion Hegseth disclosed the estimate during testimony before the […]
International
US President Donald Trump has announced a phased tariff plan for imported generic medicines, offering two years of duty-free access before imposing rates of 100% and eventually 200%. The proposal could significantly affect India, a major supplier of affordable generic drugs to the American market. Trump Announces Generic Drug Tariffs Trump said imported generic medicines
International
The United States military has completed an eleventh consecutive night of strikes against targets inside Iran, continuing an air campaign that Washington says is intended to protect commercial shipping through the Strait of Hormuz. US Strikes Iranian Military Targets US Central Command said the latest operation targeted Iranian military operations centres, maritime
International
Yemen’s Houthi movement has warned international shipping companies against loading or unloading cargo at Saudi Arabian ports, saying vessels that ignore the directive could be targeted. The warning has raised fresh concerns about trade and energy shipments through the Red Sea. Houthis Warn Against Saudi Ports The warning was issued in an email dated July […]
International
The European Commission has imposed a record €550 million penalty, equivalent to about $629 million, on Alibaba-owned AliExpress for failing to adequately address the sale of illegal, unsafe and counterfeit products. It is the largest fine issued under the European Union’s Digital Services Act. EU Fines AliExpress €550 Million The penalty followed an investigation launched
International
A US federal judge has approved a $1.5 billion settlement between artificial intelligence company Anthropic and authors who accused it of unlawfully acquiring pirated copies of their books. The agreement is considered the largest known copyright recovery in US history. Anthropic Copyright Settlement Approved US District Judge Araceli Martínez-Olguín granted final approval
International
Goldman Sachs has warned that Brent crude could rise above $120 a barrel by the fourth quarter of 2026 if disruptions to oil shipments through the Strait of Hormuz continue. However, the investment bank stressed that this is an upside-risk scenario rather than its central forecast. Brent Crude Could Cross $120 Goldman Sachs analysts said […]
International
Foreign ministers from ASEAN have opened high-level talks in Manila amid growing concern that renewed hostilities between the United States and Iran could disrupt energy supplies, accelerate inflation and weaken economic growth across Southeast Asia. ASEAN Discusses US-Iran Conflict Diplomats from the 11-member Association of Southeast Asian Nations expressed serious
International
North Korea has reaffirmed its support for Russia’s war against Ukraine following high-level talks in Moscow, as Pyongyang and Moscow continue expanding their political, military and economic partnership. North Korea Backs Russia on Ukraine North Korean Foreign Minister Choe Son Hui met Russian Foreign Minister Sergei Lavrov for their third strategic dialogue. Pyongyang