US POLITICAL WORLD
The team set to govern Britain under new PM Starmer
Keir Starmer leads Labour to victory in the 2024 election, forming a new government with key appointments like Angela Rayner as Deputy PM and Rachel Reeves as Chancellor of the Exchequer. The team aims to implement strategic policies for the country.
Iran's Pezeshkian brings hopes of moderation after routing hardline rival
Iran's newly elected president, moderate Masoud Pezeshkian, aims to ease social restrictions and adopt a pragmatic foreign policy. Pezeshkian, who defeated hardliner Saeed Jalili, is seen as a hopeful figure for peaceful nuclear negotiations and social liberalization. Despite limited power under Supreme Leader Khamenei, Pezeshkian pledges economic revival and increased social freedoms. His victory, supported by the reformist camp, contrasts with the policies of former hardline president Ebrahim Raisi, offering a new direction for Iran's political landscape.
American and British voters share deep roots. In 2024, they distrust their own leaders, too
Ahead of Independence Day in the United States and a crucial election in the United Kingdom, a pervasive sense of distrust has clouded the political landscapes. In the UK, voters anticipate a change after 14 years under the Conservatives, disillusioned by broken promises and scandal. Meanwhile, Americans prepare for a divisive election rematch amid deep polarization and widespread mistrust in government. Both nations, rooted in democratic ideals, face challenges reflecting a loss of faith in leadership and institutions, shaping a sobering backdrop to their respective celebrations and electoral decisions.
Tech boom leads global markets through first half of 2024
The first half of 2024 was marked by soaring mega caps, political uncertainties, and remarkable movements in commodities and emerging markets. From Nvidia's market value surge to Japan's weakening yen and the rise of cryptocurrencies, the period reflected a mix of challenges and opportunities shaping the global economy.
China says Dalai Lama must correct his political propositions for talks, asks US to respect stance on Tibet
China has asked the Dalai Lama to correct his political propositions for talks to proceed. It urged the US to respect its stance on Tibet. Chinese Foreign Ministry spokesperson Lin Jian emphasised the need for the Dalai Lama to reflect and correct his political views. The US Congressional delegation's visit to Dharamsala and meeting with the Dalai Lama prompted strong remarks questioning China's Tibet policy. China criticised the US for engaging with the Dalai Lama and urged other countries to refrain from supporting the Tibet government-in-exile.
China hits out at US, calls Dalai Lama 'political exile' over Tibet independence
The Chinese Foreign Ministry responded assertively on Tuesday to the visit of US lawmakers to Dharamshala to meet with Tibetan spiritual leader Dalai Lama, stating that "China will take decisive actions to vigorously defend its sovereignty, security, and developmental interests." Today, a US delegation led by former House Speaker Nancy Pelosi arrived at Kangra airport to hold discussions with the Dalai Lama in Dharamshala.
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Crypto money is poised to sway US polls
Cryptocurrency executive Ryan Selkis, from Messari, spoke at an event celebrating Trump's NFTs, emphasizing the political influence of the 50 million U.S. crypto holders.
"G7 political tool to perpetuate US, Western supremacy": China
China has criticized the G7 Leaders' Communique, accusing the group of using China-related issues to attack and vilify the nation. The Chinese Foreign Ministry Spokesperson denounced the G7's statements as baseless and biased, reflecting a continued effort to maintain US and Western dominance. China also criticized the G7's composition, relevance, and stance on global peace and security. The G7 Summit leaders reaffirmed their commitment to a free and open Indo-Pacific governed by international law. Prime Minister Narendra Modi addressed the G7 Outreach Session on AI and Energy, Africa, and the Mediterranean, highlighting the transformative role of technology.
Why Russia’s bond with North Korea is a danger to the world
Russian President Vladimir Putin is set to visit North Korea, strengthening ties with Kim Jong Un. The two countries have increased trade in commodities and arms, aiding Russia's war on Ukraine. The meeting could lead to further arms transfers, impacting the conflict and regional stability.
Jimmy Carter's grandson shares health updates, says former President experiencing world 'the best way possible'
Former US President Jimmy Carter, currently at the age of 99, is in hospice care for the last 16 months. Meanwhile, his grandson Jason Carter shared his latest health updates with the public. Carter Sr. also saw a new void in his life after his wife of 77 years passed away recently.
See policy continuity even with coalition government: Gokul Laroia, CEO, Morgan Stanley Asia
Morgan Stanley's Asia CEO Gokul Laroia discussed Indian elections, markets, and risks with Nishanth Vasudevan before an investor conference.
Dollar or other currencies? How the US is daring the world to find a dollar alternative
The United States is challenging its own foundations as the world's reserve currency with attacks on the legal system following Donald Trump's conviction. Despite growing consternation, no credible alternative has emerged. The dollar's dominance stems from U.S. democratic principles, but threats loom as sanctions and political turmoil test its credibility.
Indian exports: How Modi 3.0 can navigate the protectionist tides in advanced economies like US and EU
India has transitioned from a decade of single-party rule to a new era of coalition politics, causing concern among stock market investors about potential slowdowns in economic reforms. Rising protectionist measures from advanced economies like the US and EU pose challenges for Indian exporters, with stringent regulations on products ranging from chemicals to food items. The impact of these barriers could disproportionately restrict India's economic objectives and competitiveness, particularly in key sectors like textiles and apparel.
What did Hillary Clinton say on D-Day that she came under scathing attacks? Details here
An estimated number of 4,000 to 9,000 German soldiers were killed, while the Allied casualties were recorded for at least 10,000, with 4,414 confirmed dead on D-Day.
Biden asks Americans to recommit to democracy in Normandy cliff speech
President Joe Biden, in Normandy, compared threats by dictators today to Nazi Germany, urging Americans to resist isolationism and support Ukraine in its war with Russia. He emphasized the heroism of the Army Rangers on D-Day and criticized Trump's isolationist tendencies.
Didi gave me new political life, will fight for my constituency: Kirti Azad
Kirti Azad, a former BJP MP from Bihar's Darbhanga, defeated former West Bengal BJP president Dilip Ghosh by a margin of 1.38 lakh in the Burdwan-Durgapur constituency in the general election. Azad attributed his victory to West Bengal Chief Minister Mamata Banerjee, who showed faith in him and gave him a new lease of life. He compared his win to cricket, where bowlers can set different fields.
Israeli troops launch attacks in central Gaza, possibly widening their offensive
The Israeli military has expanded its ground offensive in Gaza, intensifying operations in Deir al-Balah and Bureij. This escalation comes amid worsening humanitarian conditions, with UN agencies warning of potential mass starvation. Tensions are also high in Jerusalem as an annual march through Palestinian neighborhoods proceeds. Meanwhile, Israel seeks to extend the shutdown of Al Jazeera's local offices, and Prime Minister Netanyahu has vowed to restore security along the Lebanese border following Hezbollah rocket attacks.
Thematic focus on infra, renewables and real estate likely to continue: Harsh Gupta Madhusudan
Chinese valuations are roughly half of India's, but Chinese earnings growth is also significantly lower. The China trade is more tactical and opportunistic.
The US can't be protectionist and world leader
US President Joe Biden's economic nationalism challenges the Pax Americana legacy. The Smoot-Hawley Tariff Act of 1930 symbolises a protectionist era leading to global conflict.
Xi Jinping exposes cracks in China's governance model
President Vladimir Putin emphasized Russia and China's commitment to a more democratic multipolar world order during his visit to China. Critics point to Xi Jinping's concentration of power, erosion of norms, and struggles in maintaining control over the PLA, raising concerns about China's governance model.
Sometimes U.S. and U.K. politics seem in lockstep. Not this year.
British Prime Minister Rishi Sunak has called an early general election for the UK, announcing that he does not expect Britain's economic news to improve between now and the fall. The election is expected to be held on July 4, as the US political calendar has not played a significant role in the outcome.
T20 World Cup in US going to be landmark event: India's Consul General in New York Pradhan
India's Consul General in New York, Binaya Srikanta Pradhan, has expressed excitement about the T20 World Cup in the US, stating that it is playing a significant role in bringing cricket to the country's mainstream and contributing to the bilateral people-to-people relationship. The tournament is being jointly hosted by the USA and the West Indies from June 2 to June 29. India will play three matches in New York against Ireland, Pakistan, and the United States, marking the first time India will be playing with the American team.
Wealth Redistribution Tempest: Much ado about nothing (read no vote bank)?
The idea of wealth redistribution proposed by Congress leader Rahul Gandhi has sparked a heated debate in India's political landscape, with Prime Minister Narendra Modi labeling it as 'dangerous'. The discussion revolves around conducting surveys to assess wealth distribution and potential redistribution policies, stirring up controversy and accusations between political parties. The issue highlights growing income inequality and calls for radical measures to address economic disparities. While some experts advocate for progressive taxation and social spending to enhance economic equality, others caution against the potential negative impacts of wealth redistribution on individual incentives and overall economic growth. The ongoing debate underscores the complex challenges of wealth inequality in India and the need for thoughtful and effective solutions to ensure a fair and inclusive society.
UK defence minister says China sending 'lethal aid' to Russia for Ukraine war
Britain's Defence Minister Grant Shapps revealed evidence of China sending "lethal aid" to Russia for use in its war against Ukraine, during a London conference. He urged NATO to increase defense spending and strengthen alliances to protect democratic freedoms. Despite China's denial of aiding Russia's war effort, it has significantly boosted trade with Russia, reaching $240 billion in 2023. Meanwhile, US National Security Adviser Jake Sullivan expressed concerns about China's support to Russia's defense industry but noted no direct provision of weapons has been observed.
'Modi set to win easily, Indian elections not controversial,' says political scientist Ian Bremmer
India is one of the few large economies in the world where the outcome of the upcoming US election does not matter, and the relationship is likely to be strong and stable if either Trump or Biden wins. He said India "fundamentally mishandled" the controversy over the killing of a Canadian citizen Hardeep Singh Nijjar, but was quick to add that the Indian government has "legitimate reasons" to be concerned about Sikh radicals in Canada and elsewhere.
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.
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.
US student protests now reflect a generational change larger than our upcoming elections — aid to Israel no longer gets bipartisan support: Omar Wasow
'In the upcoming US election, the war in Gaza is absolutely a wedge issue in the Democratic party — some parts of it are staunchly pro-Israel and others, particularly younger people and ArabAmericans, are very critical of President Biden’s policies on this. If the war continues, so will these protests — right into the Democratic National Convention. In some ways, this change is even bigger than the election — aid and military assistance to Israel was a relatively bipartisan, broadly supported issue,' says Omar Wasow.
Like US, India should get less coy about surgically targeting credible threats to national security
The two incidents - the killing of Anwar al-Aulaqi by the US, and the alleged plot to assassinate Gurpatwant Singh Pannun by Indian agents - tend to find further resonance with each other when considering then-attorney general (AG) Eric Holder's letter to senator Pat Leahy, '[High] level officials appropriately concluded that al-Aulaqi posed a continuing and imminent threat of violent attack against the United States.
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