UKRAINE CRISIS
Russian strike kills 7 civilians in southern Ukraine, including 3 children, say officials
Russian missiles slammed into a town in southern Ukraine, killing seven civilians, including children, and wounding dozens, local authorities reported.Ukrainian officials published video of burned out cars and emergency services response to damage on Saturday.O...
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.
With its new pact with North Korea, Russia raises the stakes with the West over Ukraine
In a significant move, President Putin's visit to North Korea showcased Russia's willingness to challenge Western interests, particularly in the context of the Ukraine crisis. The pact signed with Kim Jong Un includes mutual military assistance and the possibility of weapons shipments to North Korea. This agreement marks the strongest tie between the two countries since the Cold War. Putin's actions have raised concerns in Washington and Seoul, with South Korea considering supplying arms to Ukraine in response. However, Putin warned against this, indicating potential repercussions.
Russia launches 'massive' attack on Ukraine power infrastructure
Ukraine reported a "massive" overnight attack by Russia on energy infrastructure in the west and south. The attacks damaged Ukrenergo facilities, injured two employees, and marked the eighth such attack in three months. The ongoing Russian invasion has severely impacted Ukraine's electricity generation, leading to blackouts and the need to import energy. President Zelensky called for urgent measures to equip hospitals and schools with solar panels to counter Russian attempts at blackmail.
Russian President Vladimir Putin arrives in Vietnam for a state visit after North Korea
Russian President Vladimir Putin has arrived in Vietnam to talk with the country’s Communist leaders after concluding a defence pact with North Korea. Putin’s aircraft touched down in Hanoi early on Thursday and Vietnam is the final stop on his two-nation tour of...
Vladimir Putin’s hybrid war opens a second front on NATO’s eastern border
Several masked men removed navigational aids on the Narva River, separating Estonia from Russia, signaling Russia's intent to provoke and destabilize Baltic states. These acts, seen as part of a hybrid war, include airspace violations, GPS interference, and recruiting criminals for sabotage. The region is increasingly a second front in the West's conflict with Moscow. Neighboring countries are reinforcing borders and seeking NATO's attention, as Russia's actions aim to spread fear and division, utilizing disinformation and migrant crises.
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India doesn't sign joint communique on Ukraine peace in Switzerland
India did not sign a joint communique at a Switzerland summit for peace in Ukraine, insisting on conditions for participation of all parties, including Russia, in summits for lasting peace. Other attendees included Saudi Arabia, the UAE, South Africa, Thailand, Indonesia, Mexico, and Armenia. MEA secretary (West) Pavan Kapoor stated that only options acceptable to both parties can lead to abiding peace.
Ukraine summit opens in Switzerland, seeking path to peace
World leaders were joining Ukrainian President Volodymyr Zelensky in Switzerland on Saturday for a summit on peace in his country, but with Russia staying away it is seen as the first step in a long process. "Together, we are making the first step toward just peace based on the UN Charter and fundamental principles of international law," he said on X, formerly Twitter.
World leaders to meet at Swiss resort on possible Ukraine peace roadmap, Russia is notably absent
Leaders from Ecuador, Ivory Coast, Kenya, and Somalia, alongside numerous Western heads of state and government, are set to convene at a conference this weekend to discuss the initial steps toward peace in Ukraine, with Russia notably absent. Hosted by Swiss officials, the conference will see over 50 heads of state and government, including Ukrainian President Volodymyr Zelenskyy, as well as 100 delegations from European bodies and the United Nations.
G7 Summit: How G-7 nations plan to counter rising clout of Russia and China
The G-7, facing challenges from rising powers like China and Russia, grapples with economic and military limitations while navigating a shifting global landscape. Focused on protecting democracy, the group confronts issues such as defense spending, economic vitality, and trade tensions, seeking to maintain its influence and address geopolitical threats.
Concerned about China providing inputs to Russia's defence industrial base: US
US National Security Advisor Jake Sullivan expressed concerns about China's support to Russia's defense industry, emphasizing the Biden administration's concerted efforts with allies to address this issue. Responding to the UK Defence Minister's claim that China is providing lethal aid to Russia, Sullivan clarified that the US has not observed direct weapon transfers but is worried about China's contributions to Russia's defense production. British Defence Minister Grant Shapps accused China of supplying combat equipment to Russia, noting increased trade between the two nations.
Xi Jinping and Putin hint at political settlement to Ukraine conflict
"China hopes that peace and stability will return to the European continent at an early date, and stands ready to play a constructive role to this end," Xi said at a joint press conference with Putin after their talks. A joint statement issued after Putin-Xi talks said that both sides believe that for "a sustainable settlement of the Ukrainian crisis, it is necessary to eliminate its root causes."
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.
Russia economy resilient; Gaza war weighs on neighbours: EBRD
The EBRD forecasts Russia's economy to grow by 2.5% in 2024 despite Western sanctions. Israel's war against Hamas will affect neighboring nations. EBRD issued GDP projections and highlighted the impact of the Gaza conflict on Mediterranean countries' economies.
Despite $125 billion debt, why is Pakistan increasing its defence budget to 18000 crore rupees
Pakistan faces economic strain with a $124.5 billion foreign debt, 42% of its GDP. It boosts military capabilities through major arms imports, mainly from China, accounting for 82% from 2019 to 2023. Despite economic woes, it increases defense spending by 15.4% in the national budget, totaling 18000 crore Pak rupees. This military expansion includes submarines from China. Reports suggest Pakistan may have secretly supplied arms to Ukraine, contradicting its neutrality stance. Public discontent grows due to economic hardships and perceived military dominance in resource allocation.
Global debt crisis impacting nearly 95 countries: G20 Sherpa Amitabh Kant
G20 Sherpa Amitabh Kant emphasized the challenges posed by the Russia-Ukraine war and tensions in the Middle East for global stability and economics. He stressed the need for urgent action to pursue inclusive and sustainable growth strategies in the face of a global debt crisis affecting nearly 95 countries, while maintaining focus on achieving the Sustainable Development Goals (SDGs) by 2030.
Russia will have to increase its missile arsenal to deter the West, diplomat says
A Russian diplomat has stated that Russia needs to increase its entire missile arsenal to deter the West, as Moscow is now in open confrontation with the United States and its allies. This follows President Putin's 2022 invasion of Ukraine, which has led to the worst breakdown in relations between Russia and the West since the 1962 Cuban Missile Crisis. Russia has ramped up weapons production and is forecast to manufacture more artillery this year than all of NATO's 32 members combined.
US House passes $95 billion Ukraine, Israel aid package, sends to Senate
The U.S. House of Representatives passed a $95 billion legislative package for security assistance to Ukraine, Israel, and Taiwan, despite objections from some Republican members. The bill now moves to the Senate, where it is expected to pass next week. The package includes funding for Ukraine's conflict, Israel's humanitarian needs, and the Indo-Pacific region, including Taiwan. Ukrainian President Zelenskiy thanked U.S. lawmakers, saying the aid would help prevent the war from expanding and save lives. The bill also includes measures related to banning TikTok and transferring seized Russian assets to Ukraine.
Ex-Fed chair Ben Bernanke finds 'significant shortcomings' in Bank of England's economic forecasting
Though noting that all central banks have had problems over the past few years as a result of a series of economic shocks, notably the coronavirus pandemic and the cost-of-living crisis heightened by Russia's invasion of Ukraine, Bernanke said the Bank of England's issues were made worse by out-of-date software that had not been properly maintained.
"20,000 children who came back from Ukraine were Modi ki Guarantee": EAM Jaishankar
During an interaction with the youths of Pune on the launch of the Marathi translation of his book: "Why Bharat Matters" he discussed about India's global rise and improved opportunities on Friday.
China says won't accept 'criticism or pressure' over ties with Russia
"This kind of cooperation should not be interfered with or limited, and China also does not accept criticism or pressure," Chinese foreign ministry spokesperson Mao Ning said.
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