GLOBAL RELATIONS
Wall St Week Ahead: Earnings season to test hopes for broader stocks rally
The S&P 500 has rallied 16% so far in 2024, driven by a handful of massive stocks poised to benefit from emerging artificial intelligence technology. Only 24% of stocks in the S&P 500 outperformed the index in the first half, the third-narrowest six-month period since 1986, according to BofA Global Research strategists.
A NATO summit and mending EU relations are among first tasks for new UK leader Keir Starmer
British Prime Minister Keir Starmer has been appointed to a new government after a six-week election campaign. Starmer, who has never served in or led a government, has a plethora of lawmakers to choose from, including Treasury chief Rachel Reeves and the new foreign secretary David Lammy. He wants Britain to take a larger role on the global stage after years of soured relations with Europe over Brexit and the inward-looking U.K. political soap opera that followed.
Government change in UK won't impact proposed FTA
The Labour Party gained a landslide majority in Thursday's parliamentary elections and dealt a bruising defeat to incumbent Rishi Sunak's Conservative Party. "Smooth transition of current talks will take place as the Labour Party has shown support to the trade deal with India," said Sachin Chaturvedi, Director General, Research and Information System for Developing Countries. The Labour Party holds a different position on social service payments and totalisation issues, he said, adding that this could be an arena of discussion in upcoming rounds of talks.
Jaishankar raises safety of Indian nationals in meeting with Russian counterpart Sergey Lavrov
External Affairs Minister S. Jaishankar met with Russian Foreign Minister Sergey Lavrov in Astana during the Shanghai Cooperation Organisation (SCO) summit. They discussed bilateral relations, noting progress since their last meeting. Jaishankar raised concerns about Indian nationals in conflict zones, urging their safe return. The meeting precedes Prime Minister Narendra Modi's upcoming visit to Moscow.
What's behind India's hardening posture against China?
India appears to be adopting a tougher stance towards China, with Prime Minister Modi set to attend the Shanghai Cooperation Organisation (SCO) meeting in Kazakhstan in July. Recent developments suggest a hardening of India's posture against China, including refusing to resume direct passenger flights and engaging with Taiwan, signaling a shift in India's approach.
Indian national Nikhil Gupta extradited in Pannun foiled murder plot: What's the impact on Indo-US ties?
Indian national Nikhil Gupta extradited to the US from Czech Republic for alleged foiled plot to murder Khalistan separatist Gurpatwant Singh Pannun, involving hitman hired by Indian government official. US Department of Justice claims Pannun targeted for exercising freedom of speech. Extradition coincided with US National Security Advisor Jake Sullivan's visit to India, overshadowing iCET talks.
- Go To Page 1
India, UK ministers to address India Global Forum at election inflection point
The week-long event comes at an inflection point, soon after the Indian general election and at the peak of the UK's campaign for the July 4 general election. In keeping with the non-partisan outlook of IGF London, Opposition shadow foreign secretary David Lammy is set to lay out his vision for strategic ties between India and the UK under any future Labour Party led government.
Russian economy has withstood what even China could not have achieved: Prof. Alexander Dynkin
Prof. Alexander Dynkin discussed the significance of the Primakov Readings International Forum and the role of BRICS in shaping global economic trends. He emphasized India's pivotal role in BRICS and highlighted the growth potential in Russia-India ties. Dynkin provided insights into the Russian economy, foreign policy priorities, and commitments towards fostering regional stability and collaboration, especially in Africa. His analysis underscored Russia's resilience and strategic positioning in the evolving global landscape.
Modi good not just for India but for entire South Asia: Pakistani-American businessman
Pakistani American businessman Sajid Tarar praises Prime Minister Narendra Modi for ensuring stability in India and South Asia, emphasizing Modi's leadership as crucial for the region's future. Tarar hopes for improved India-Pakistan relations under Modi's leadership, highlighting the need for strong leadership in both countries to address political and economic challenges.
Modi plans post-election reforms to rival Chinese manufacturing
Indian Prime Minister Narendra Modi is planning business-friendly measures if he secures a third term, aiming to boost domestic manufacturing by easing labor regulations, offering subsidies, and reducing import taxes. Modi's vision includes creating industrial zones to attract global firms, but challenges remain with restrictive labor laws, land acquisition, and high import tariffs. His reelection campaign emphasizes economic development and positioning India as a manufacturing hub.
How China pulled so far ahead on industrial policy
The problem for the West, though, is that China's industrial dominance is underpinned by decades of experience using the power of a one-party state to pull all the levers of government and banking, while encouraging frenetic competition among private companies.
How China pulled so far ahead on industrial policy
The problem for the West, though, is that China's industrial dominance is underpinned by decades of experience using the power of a one-party state to pull all the levers of government and banking, while encouraging frenetic competition among private companies.
Russia’s premier foreign policy forum to focus on BRICS role in shaping global financial architecture
The 'Primakov Readings' Forum in Moscow will discuss BRICS priorities in the context of Russian Presidency of BRICS. The theme is 'Russia in the Global Context' with key attendees like Yury Ushakov and Sergey Lavrov.
Beyond the clutter: India-US ties transcend ongoing differences
India explained why oil imports from Moscow are necessary to preserve global oil market stability, similarly Chabahar deal is also for regional stability which is valued by the US.
Will China capture Taiwan? Beijing releases animated video of attack and reunification. What next?
A video released by the Chinese State media shows a simulated attack on Taiwan and its reunification with the mainland. However, experts have pointed out this invasion is unlikely. This video tries to prepare the citizens of the mainland for war and ultimate reunification with Taiwan. However, experts have dismissed this as yet another attempt at waging psychological warfare.
A new trade war offers no easy way back for old global order
The US-China trade war has intensified with the use of tariffs and subsidies, impacting Europe and China. US Treasury Secretary Janet Yellen has warned of global business risks.
Is China- Taiwan War imminent? Taipei scrambles fighter jets after being surrounded by Chinese ships. What will US do?
In a military exercise by China, Taiwan and some islands controlled by it have been surrounded raising the specter of war. However, conflict is unlikely in this situation.
Japan's Nikkei stumbles as Nvidia earnings results loom
Japan's Nikkei share average fell 0.85% to 38,617.10 as investors awaited Nvidia's earnings, which will influence global stocks, including Wall Street and AI-related stocks. Chip stocks like Tokyo Electron and Advantest declined ahead of the results. The index previously hit a record intraday high and saw declines in Fast Retailing and Shin-Etsu Chemical.
Iran President Raisi's death: 'It wasn't us,' says Israel, following tragic helicopter crash
An Israeli official denies involvement in the helicopter crash that claimed the life of Iranian President Ebrahim Raisi, as reported by Reuters. Raisi, a staunch supporter of Iran's supreme leader, died alongside officials in the crash. His presidency marked continued confrontation with the US and Israel, following Trump's withdrawal from the nuclear agreement.
Reach Europe 20 days earlier and for 30% cheaper: How Chabahar port helps India expand its trade footprints globally
India’s pact with Iran to develop the Chabahar port will give a boost to the multimodal transportation network called the International North-South Transport Corridor, enabling exports from South Asia to reach Europe and Russia.
Will China become the cat among India's EV pigeons?
Chinese electric vehicles are causing concern in the US and Europe due to their affordability and efficiency. The US has responded by imposing tariffs on Chinese EVs and lithium-ion batteries. India may now become a target for Chinese EVs. Stellantis is considering manufacturing Leapmotor's electric vehicles in India to avoid tariffs.
Microsoft asks hundreds of China staff to relocate as tensions with US simmer
Amid strained US-China relations, Microsoft asks 700-800 Chinese engineers in its China-based cloud and AI operations to consider relocating outside the country, offering transfers to the US, Ireland, Australia, and New Zealand. This move follows US scrutiny on Chinese imports. Microsoft reaffirms commitment to China while navigating regulatory challenges.
Chole Bhature, kadak chai, and gazab UPI: US Ambassador Eric Garcetti shares his amazing experience in India
"I never dreamed I'd have the honor and privilege of representing my country here in India, but what a year it's been," remarked Garcetti, expressing gratitude for the opportunity.
Over a fifth of excess deaths linked to heatwaves over past 30 years occurred in India: Study
Heatwaves cause 1.53 lakh annual global deaths, impacting India, China, and Russia. The study emphasizes education, community engagement, and public health services to combat heatwave effects.
Arbitration matters related to Chabahar port to be referred to tribunal in Muscat: Official
"Major concerns, including lack of consensus on an arbitral framework, have been addressed. As per the agreement signed on Monday, matters requiring arbitration with regard to operation of the Chabahar port, will be referred to a three-member arbitration tribunal based in Muscat in accordance with the Singapore International Arbitration Centre (SIAC)," the official said on condition of anonymity.
India’s counter to Pakistan’s Gwadar port: New Delhi signs 10-year Chabahar Port pact with Iran
India signed a 10-year agreement with Iran on Monday to manage Chabahar Port, marking its first overseas port management venture. The move, amidst a bustling election season, is viewed as a significant geopolitical gesture towards Iran, with potential regional ramifications. This agreement underscores India's strategic interest in Chabahar, which serves as a vital link to Afghanistan, Central Asia, and the larger Eurasian region, offering an alternative to Pakistan's Gwadar port and China's Belt and Road Initiative.
China overtakes US to become India’s top trading partner in FY24
In the fiscal year 2023-24, China has overtaken the US as India's largest trading partner, with a total two-way commerce of $118.4 billion, as per the data from the economic think tank GTRI. India's exports to China rose by 8.7 percent to $16.67 billion, while imports increased by 3.24 percent to $101.7 billion. Conversely, exports to the US dipped slightly to $77.5 billion, and imports decreased by about 20 percent to $40.8 billion.
Russia-India ties will expand notwithstanding Delhi’s growing ties with other powers: Experts
India aims to enhance global ties under potential Modi 3.0 government, focusing on strengthening partnerships with Russia, US, and Europe. Experts predict a 2024 summit meeting between Indian PM and Russian President, emphasizing the strategic importance of these relationships.
Load More
