INVESTMENT MILITARY ENERGY TIES
Relationship between India, US 'multiplicative': US envoy Garcetti
"This (India-US) is a relationship that isn't just additive. It's not just the US plus India. It's multiplicative. It's the United States times India," Garcetti said at the meeting held in the suburbs of Washington on Monday.
Russia keeps up pressure on the front line as Ukraine gets a boost from Western military aid
Russian attacks on Ukrainian positions in the eastern town of Chasiv Yar are disrupting troop rotations and supply deliveries, soldiers report. As Ukraine awaits new Western military aid, Russia seeks to exploit its numerical and firepower advantage. Civilian targets are also heavily bombed, leading to ICC arrest warrants for former Russian defense leaders for alleged war crimes. Despite intense fighting, Ukrainian forces strive to hold Chasiv Yar, crucial for its strategic location. The U.S. and Czech Republic are bolstering Ukraine's ammunition supplies, while a prisoner swap was mediated by the UAE.
Adani Airports to chart next decade with $21 billion infusion
The business is housed under wholly owned subsidiary Adani Airport Holdings, which currently owns seven operational airports, in Mumbai, Lucknow, Ahmedabad, Jaipur, Guwahati, Thiruvananthapuram and Mangalore. Phase I of city-side development across 98 acres at airports in Mumbai, Ahmedabad, Jaipur, Lucknow and Guwahati has begun.
Moscow expects to sign new co-operation pact with Iran in 'very near future', RIA reports
Deputy Russian Foreign Minister Andrei Rudenko stated that a new comprehensive cooperation agreement with Iran is close to completion and expected to be signed shortly. The agreement aims to replace a 20-year strategic pact signed in 2001, focusing on security, energy, industry, and technology. Details of the new agreement remain undisclosed, but the two countries have strengthened ties, particularly in investment, military, and energy sectors, following Russia's invasion of Ukraine and subsequent sanctions.
Enemy within? China is buying land around American military bases
China's proximity to military bases within the US, including a nuclear missile base in Wyoming, raises national security concerns. The US government blocked a Chinese-backed cryptocurrency mining firm from owning land near Francis E. Warren Air Force Base in Wyoming, citing it as a 'national security risk'. The order required the divestment of property operated as a crypto mining facility near the base.
US military looks for West Africa 'Plan B' after Niger ousting
Air Force General C.Q. Brown, chairman of the Joint Chiefs of Staff, is visiting Africa to explore options for maintaining a U.S. presence in West Africa after Niger decided to expel the U.S. military in favor of partnering with Russia. Brown mentioned opportunities to work with countries in West Africa to possibly relocate capabilities from Niger to other locations. However, replicating the U.S. counter-terrorism presence in Niger seems unlikely. The changing political landscape in the region, with several coups, presents challenges for U.S. strategy. The U.S. is evaluating its goals and relationships in the region amid these changes.
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India boosts defense ties with Bangladesh as it tries to become a counterweight to China
India and Bangladesh strengthened defense ties, signing agreements to enhance cooperation in maritime security, ocean economy, space, and telecommunication sectors. Prime Minister Narendra Modi welcomed Bangladesh's inclusion in the Indo-Pacific Oceans Initiative, underscoring India's commitment to regional collaboration. Amidst close ties with China, Bangladesh seeks to balance relationships with India and the US. Both countries aim to boost river water sharing, energy cooperation, and infrastructure development through Indian investments. Bilateral trade between India and Bangladesh reached $15.9 billion in the financial year 2022-23, with India exporting cotton, vehicles, and electronics, and importing cereals and cement.
Sri Lanka survived two tough years of economic crisis; possibly because of India's support: President Wickremesinghe
Sri Lanka's President Ranil Wickremesinghe expressed gratitude for India's financial support of USD 3.5 billion, helping the country survive an economic crisis. Wickremesinghe emphasised a strong partnership with India, focusing on sustainable energy projects and infrastructure development. Sri Lanka recently declared its first-ever sovereign default, but is working on debt restructuring with international organisations. Wickremesinghe is optimistic about the country's economic recovery.
India says peace at Chinese border key as direct flights remain stalled
India's foreign ministry has emphasized the importance of peace on its border with China for normal relations. The country has been pressuring India to restart direct passenger flights with China, but New Delhi is resisting due to the ongoing border dispute. The tense relationship between India and China has been strained since the largest military confrontation in decades on their disputed Himalayan border in June 2020.
iCET on the right path
US NSA Jake Sullivan's visit to Delhi, the first since India's new NDA government took office, focused on advancing the India-US Initiative on Critical and Emerging Technology (iCET). Sullivan and Indian counterpart Ajit Doval chaired the iCET meeting, setting the agenda for deeper collaboration in sectors like defence, space, semiconductors, AI, and quantum computing.
Bangladesh PM Hasina plans 2nd India trip this month before PM's Dhaka visit
Bangladesh Prime Minister Sheikh Hasina is set to visit New Delhi for a summit meeting with Prime Minister Narendra Modi on June 21-22. The meeting is expected to focus on defence partnership, with both sides prioritizing cross-border connectivity initiatives, Indian investments in the Teesta special economic zone, Mongla port management, power trade, and a trade pact.
Russia boosts oil revenues as shipping and trading network grows
Russian oil exporters are selling oil to India at higher prices than at any time since the start of the Ukraine war, as more shippers and traders participate in the trade, weakening the impact of Western sanctions. The exporters have had to offer deep discounts to encourage shipping companies to move their crude since the invasion of Ukraine. Despite this, deals struck this month for Urals oil delivery to Indian refiners are at discounts of $3 to $3.50 per barrel to the global Brent crude benchmark, the narrowest since 2023.
Modi 3.0 takes aim: Blueprint to make the Indian armed forces future ready
India faces growing security challenges from China and Pakistan, prompting calls for a robust and integrated defence strategy. This includes bolstering nuclear deterrence, enhancing military capabilities, and pushing for systemic reforms in defence production and organization. The new government must prioritize these measures to ensure national security and strategic autonomy in the coming years.
Third term for Modi likely to see closer defense ties with US as India's rivalry with China grows
Prime Minister Narendra Modi emphasizes on boosting India's military preparedness and clout, focusing on expanding defense production and exports to counter China's influence in the Indo-Pacific region.
US Pentagon chief visits Cambodia to boost ties with China ally
US Defense Secretary Lloyd Austin visited Cambodia to reset ties with China ally, addressing concerns over China's influence in the region.
Xi Jinping says China wants to work with Arab states to resolve hot spot issues
Chinese President Xi Jinping expressed China's commitment to collaborating with Arab nations to address regional conflicts while upholding fairness, justice, and promoting long-term peace. Emphasising the importance of a "two-state solution" in the Gaza crisis, Xi urged for mutual respect, fairness, and justice as the foundation for lasting security. China pledged humanitarian aid and support for post-war reconstruction in Gaza.
China enhances military support to Pakistan along LoC in Kashmir
This move is seen as part of efforts to strengthen China's ties with Pakistan and safeguard Chinese investments in Pakistan-occupied Kashmir, particularly related to the China-Pakistan Economic Corridor (CPEC).
Xi's bugbear: The man behind China's latest shock-and-awe maneuver
Taiwan's new leader, Lai Ching-te, has provoked China into military drills around the island in response to his inauguration and calls for Beijing to cease threats. China views Taiwan as a rebel province, while Lai asserts the country's separate status. The military escalation raises fears of a possible invasion.
Singapore and Kazakhstan plan Eurasia to ASEAN trade & transit corridor
Singapore and Kazakhstan strengthen economic ties, enhancing India's role as a link between Southeast Asia and Eurasia. Kazakhstan's transport initiatives and Singapore's expertise create new business opportunities. The countries sign agreements to boost trade and investment, with Singapore investing in Kazakhstan's economy. Cooperation focuses on innovation and digitalization for mutual benefit.
The rise of Xi Jinping as Putin's 'Big Brother': A new chapter in Russia-China ties
Putin's recent visit to China underscores the strengthening bond between the two countries amid Russia's actions in Ukraine. This visit, Putin's first abroad since his re-election, emphasizes the strategic partnership between Russia and China. The visit highlights their military collaboration and economic interdependence, with China's support bolstering Russia's economy and military capabilities. The alliance between Russia and China serves as a counterbalance to Western dominance and has raised concerns in the West about China's role in supporting Russia's military operations.
Xi Jinping and Vladimir Putin condemn U.S., pledge closer ties as Russia advances in Ukraine
Chinese President Xi Jinping and Russian President Vladimir Putin condemned aggressive U.S. actions and pledged to deepen their defense ties. Xi emphasized the importance of their partnership, and both leaders opposed Western pressure, particularly regarding Ukraine. A joint statement criticized U.S. military policies and stressed the need for a political resolution to the Ukraine conflict. Putin's visit, his first since re-election, reinforced the strong bilateral relationship, marked by cooperation in defense, energy, and trade, and celebrated 75 years of China-Russia diplomatic ties.
Myanmar in talks with Russia to build deepsea port & oil refinery upsetting Chinese
The Myanmar junta is keen for Russians to invest in the port project along with a special economic zone including an oil refinery, ET has learnt.
Russian President Vladimir Putin to visit China this week
Russian President Vladimir Putin will visit China this week after an invitation from Xi Jinping. Beijing's foreign ministry confirmed the trip scheduled from Thursday to Friday. This marks Putin's second visit to China in just over six months, highlighting the close ties between the two nations. The visit comes amidst a strengthened partnership following Russia's military assault on Ukraine in February. China has served as a crucial economic lifeline for Moscow amid Western sanctions.
China ready to work with India to find mutually acceptable solutions to 'specific issues': Beijing's new envoy
China's new envoy Xu Feihong aims to resolve Ladakh standoff with India through dialogue, respecting concerns. Cooperation crucial for global stability, reflecting Xi Jinping's and Narendra Modi's emphasis on broader Sino-Indian ties beyond boundary disputes.
Saudi Arabia plans big investments in Central Asian hub of Uzbekistan
The 3rd Tashkent International Investment Forum (TIIF) in Uzbekistan attracted over 2.5 thousand participants from 93 countries, leading to the signing of agreements worth $26.6 billion. The event highlighted the importance of regional energy projects, including the construction of Kambarata HPP-1 and Yavan HPP, for the entire region. As a result, agreements totaling $26.6 billion were signed, demonstrating the high investment attractiveness of Uzbekistan and the success of the forum.
Saudi Arabia plans big investment in Central Asian hub of Uzbekistan
The 3rd Tashkent International Investment Forum (TIIF) attracted significant global investor interest, resulting in agreements worth $26.6 billion. The event saw over 2.5 thousand participants from 93 countries. Key highlights included presentations of regional energy projects and agreements signed for various projects. These included infrastructure development, wind farms, heat supply system modernization, sugar production, textile manufacturing, and food processing. The forum also discussed economic development, supporting small and medium-sized businesses, retail trade challenges, digital technology integration, and urban planning.
India, Nigeria to increase cooperation in energy, UPI, local currency settlement to enhance economic ties
India and Nigeria are ramping up cooperation in several key areas to bolster economic ties. During a recent visit by an Indian delegation to Nigeria, both countries discussed increasing collaboration in sectors such as crude oil, natural gas, pharmaceuticals, Unified Payments Interface (UPI), local currency settlement systems, and the power sector. Led by Amardeep Singh Bhatia, the delegation included officials from the Reserve Bank of India (RBI), EXIM Bank of India, and the National Payments Corporation of India (NPCI).
Joe Biden and Fumio Kishida agree to tighten military and economic ties to counter China
President Joe Biden and Prime Minister Fumio Kishida of Japan announced strengthened military, economic, and other cooperation between their countries to counter China's actions in the Indo-Pacific region. This includes creating an expanded defense architecture with Australia, participating in military exercises with Britain, and exploring Japan's entry into a U.S.-led coalition with Australia and Britain. Additionally, the U.S. will take a Japanese astronaut to the moon as part of NASA's Artemis program, marking a significant upgrade in the alliance. Kishida also reaffirmed Japan's support for Ukraine, framing the conflict as relevant to East Asia's future security.
Philippines to hold joint naval drills with US, Japan, Australia
The Philippines is set to conduct joint naval drills with the United States, Japan, and Australia in the disputed South China Sea. The exercises, aimed at countering China's influence in the region, will take place days before a trilateral summit involving the leaders of the Philippines, Japan, and the US. The move comes as tensions rise in the region, with China asserting its claims over the South China Sea. The US has been strengthening its alliances in the region, including with treaty allies Japan and the Philippines, to counter China's actions.
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