BUSINESS WITH RUSSIA
Destroying the White House; one among the many activities in this North Korean summer camp
Russian students are planning a visit to the Songdowon International Children’s camp in North Korea. This is part of an agreement signed between the two countries during the recent visit of Vladimir Putin to North Korea.
PM Modi to meet Vladimir Putin during 2-day visit to Russia starting Monday, Kremlin says
Indian PM Modi will visit Russia to meet President Putin. Since the Ukraine conflict, India and China have become major buyers of Russian oil post-U.S. sanctions. Modi, emphasizing peaceful settlement, skipped the Shanghai Cooperation Organization in Kazakhstan, attended by Putin and Xi Jinping. Modi last visited Russia in 2019 for the Vladivostok economic forum.
PM Modi to visit Russia, Austria on July 8-10
Prime Minister Narendra Modi will visit Russia and Austria from July 8-10, 2024, the foreign ministry announced. During his visit, Modi will be in Moscow on July 8-9 to attend the 22nd India-Russia Annual Summit at the invitation of Russian President Vladimir Putin. "The leaders will review the entire range of multifaceted relations between the two countries and exchange views on contemporary regional and global issues of mutual interest," the statement from the ministry said.
Narendra Modi is shoring up Russia ties as Vladimir Putin deepens China embrace
India, the world’s third-largest crude consumer, has become a major buyer of Russian oil, and is reliant on its military hardware supplies. At the same, relations between China and India have been at a low point since land-border clashes in 2020.
Former Russian President Dmitry Medvedev predicts that the US is one step away from losing it completely
Dmitry Medvedev said that the US has a false sense of belief regarding its victory during the cold war. He said the country is one step away from collapsing completely. He made these comments recently in a conference. In the past, he has threatened to use Russia’s nuclear arsenal against its rivals.
Top fertiliser maker says ‘Black Swan’ jolts are finally easing
Russia’s 2022 invasion of Ukraine disrupted global fertiliser shipments and pushed prices — and Nutrien earnings — to record heights. But as farmers and retailers balked at the sticker shock, demand tumbled.
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L&T group facing shortage of over 45,000 labourers and engineers: Chairman Subrahmanyan
The flagship engineering, procurement and construction business is grappling with a labour shortage of 25,000-30,000 labourers, while the information technology and IT-enabled services business is facing a shortage of 20,000 engineers, he told reporters here.
Dr Reddy's to buy nicotine replacement brands from UK-based Haleon for $632 million
The portfolio to be acquired consists of Nicotinell, a global leader in the NRT category with an extensive footprint in over 30 countries spanning Europe, Asia including Japan, and Latin America, and local market-leading brand names of the product – Nicabate in Australia, Thrive in Canada, and Habitrol in New Zealand and Canada. The proposed acquisition will be inclusive of all formats such as lozenge, patch, gum as well as pipeline products, in all applicable global markets outside of the US.
Moscow summarizes the results of the first BRICS tourism forum
The BRICS Tourism Forum in Moscow facilitated collaboration and the formation of the BRICS Tourism Working Group to enhance sustainable tourism among member countries, showcasing the growth potential of the tourism sector.
Biden bans US sales of Kaspersky software over Russia ties
The United States on Thursday banned Russia-based cybersecurity firm Kaspersky from providing its popular anti-virus products in the country, the US Commerce Department announced. "Kaspersky will generally no longer be able to, among other activities, sell its software within the United States or provide updates to software already in use," the Commerce Department said in a statement announcing the action, which it said is the first of its kind. da/des
'Marwari' school of business keeps 3 generations of Ruia family under one roof
Essar, a family-run conglomerate, stands out amidst public feuds among Indian business families. The Ruia family, spanning three generations, jointly manages the empire across diverse sectors. Prashant Ruia, director of Essar Capital, credits their unity to aligned goals and individual space. Despite industry challenges, the family cherishes strong bonds and traditions, distinguishing themselves from other well-known family disputes in the Indian business landscape.
Sanctions scare for Indian firm for business ties with Russia
ET has learnt that no final decision has been taken yet by Japan to sanction the Indian firm and that the step is currently under consideration. The people did not name the Indian company.
Sanctions scare for Indian firm for business ties with Russia
ET has learnt that no final decision has been taken yet by Japan to sanction the Indian firm and that the step is currently under consideration. The people did not name the Indian company.
G7 draft confronts China's 'unfair' business competition
The G7 nations are set to pledge action against Chinese financial institutions that aided Russia in obtaining weaponry for its war in Ukraine, according to a draft summit communique seen by Reuters. The draft, involving leaders from the UK, Canada, France, Italy, Germany, Japan, and the US, also promises sanctions against entities helping Russia evade oil sanctions through fraudulent transportation. The G7 leaders emphasized that entities supporting Russia's defense industry undermine Ukraine's sovereignty and pledged to restrict financial system access for individuals and entities in third countries, including Chinese ones, engaged in such activities.
What will happen when the Ukraine gas transit deal expires?
Ukraine has announced it will not extend a five-year deal with Russia's Gazprom for the transit of Russian gas to Europe when it expires at the end of the year. The Ukraine gas transit route, agreed upon by Moscow and Kyiv in 2019, enables Russia to export gas to Europe via Ukraine. Russian gas transit via Ukraine to Europe fell by 28.5% to 14.65 billion cubic meters last year, from 20.5 bcm in 2022. The system connects Poland, Slovakia, Hungary, Romania, and Moldova.
G7 plans to warn small Chinese banks over Russia ties, sources say
U.S. officials expect the G7 wealthy democracies to warn smaller Chinese banks at the upcoming summit hosted by Prime Minister Giorgia Meloni regarding their assistance to Russia in evading Western sanctions.
Putin says Russia's economy is growing despite heavy international sanctions as he courts investors
Putin discusses Russia's economic growth despite sanctions, highlighting expanded ties with Africa, the Middle East, and Asia at the St. Petersburg International Economic Forum.
OPEC+ says goodbye to its $100-a-barrel oil quest
The OPEC+ cartel appears to be shifting away from its pursuit of $100-a-barrel oil, announcing a deal to gradually increase production through 2025. This move could lower oil prices and ease global inflation, impacting market dynamics and Saudi Arabia's financial outlook as it seeks to balance grandiose spending plans with declining oil revenues.
Oil falls for fourth straight session, US demand in focus
Oil prices fell on Thursday for the fourth session in a row, as the prospect of higher-for-longer U.S. interest rates raised worries around demand growth in the world's biggest oil market.
China sanctions defense-related US companies and executives over Russia, Taiwan
China claims the self-governed island as its own territory, to be annexed by force if necessary. It has long opposed any weapon sales by the U.S. to the island. While the U.S. does not recognize Taiwan as a country, Washington is obligated by a federal law to ensure the island's government has the means to defend itself.
How GoI’s post-poll domestic authority will shape New Delhi’s geopolitics
With India's key strategic partner Russia more firmly entrenched and aligned with China in 2024, the domestic political authority the next government in New Delhi brings to the table - and the way it deploys this capital - will hold the key to how it can position itself at the start of a turbulent phase between a relatively stronger, expanding Russia-China arc of power and a politically strife-ridden democratic coalition of powers.
India, Russia to sign pact for visa-free tourism this year
"India is at the final stage of internal state coordination," Nikita Kondratyev, director of the Russian Economic Development Ministry's Department of Multilateral Economic Cooperation and Special Projects, said on the sidelines of the International Economic Forum "Russia - Islamic World: KazanForum 2024" in Kazan.
Despite Western pressure, China in no hurry to reduce Russia support
China supports Moscow in the Ukraine war despite Western pressure. Beijing backs President Vladimir Putin, exporting essential dual-use products monthly. Western sanctions target Russia's struggle to sustain the assault without Beijing's support.
Russians, Chinese are brothers forever: Putin speaks highly of bilateral ties on China visit
Speaking ahead of a concert dedicated to the 75th anniversary of the establishment of diplomatic relations between the two countries and the start of the Cross-Cultural Years, Putin expressed confidence in the continuation of cordial ties between the two countries.
Russia expels UK defence attache in tit-for-tat move
Russia ordered the expulsion of the United Kingdom's defence attache in Moscow on Thursday, a move it said was direct retaliation for London expelling Russia's defence attache last week. "The defence attache at the British Embassy in Moscow, A. T. Coghill, has been declared persona non grata.
India-Russia: Lack of knowledge about respective IT industries is a challenge
Russian and Indian software development companies, with Denis Ageev from DACOM M, possess resources for software buildout, including virtualization of computers, data storage, networks, and servers.
Vietnam delays meeting with EU sanctions chief ahead of possible Putin visit
Vietnam's foreign affairs ministry declined a meeting with the European Union's top official on Russian sanctions, citing scheduling conflicts, amidst preparations for a potential visit from Russian President Vladimir Putin. Vietnam's neutral foreign policy stance, abstaining from condemning Russia's actions in Ukraine, has drawn criticism from Western nations. The postponement of the EU envoy's visit is speculated to be linked to Putin's potential visit to Vietnam, which could be overshadowed by the former's presence.
British man charged with acting on behalf of Russia in plot to torch Ukrainian-linked business
Dylan Earl, 20, is connected to Russia's Wagner mercenary group, which the U.K. government has declared a banned terrorist organization, prosecutors said. Earl is accused of fraudulent activity, research and reconnaissance of targets, and attempting to recruit others to assist a foreign intelligence service carrying out activities in the U.K.
Indians among top visitors to Moscow from non-CIS states
Moscow sees a rise in business tourism, with 3.7 million visitors in 2023, including 60,000 Indians. A conference in Delhi aimed to strengthen ties between Indian and Moscow's MICE industries, highlighting Moscow's potential for corporate events. The event also discussed collaboration opportunities and innovative MICE venues.
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