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Subscribe to enjoy similar stories. The president-elect of the US, Donald Trump, has threatened the Brics nations with 100% tariffs should they create their separate currency or back any other currency in their attempt to move away from the dollar.

Peace is driving up property prices in Kabul and fueling the luxury market

Trump has threatened retaliation against governments that challenge the US dollar, vowing «100 percent tariffs» on countries that undercut the US currency. The Republican vowed the action on states that «create a new BRICS Currency» or otherwise «replace the mighty US dollar,» according to a post on Truth Social on Monday. BRICS refers to a grouping that includes Brazil, Russia, India, China and South Africa, and has expanded in recent years to include Iran, Egypt, Ethiopia and the United Arab Emirates.

Shares have started the week higher in Asia, led by gains in China as monthly surveys showed improving conditions for manufacturing

Subscribe to enjoy similar stories. India has stayed off US President-elect Donald Trump’s target range so far, but Brics was the focus of his latest finger-wag.

Syria's second-largest city Aleppo has fallen from government control for the first time since the country's conflict began more than a decade ago, a war monitor said Sunday, after a surprise advance by rebels. An Islamist-dominated rebel alliance has pressed a lightning offensive against forces of the Iranian- and Russian-backed Syrian government since Wednesday, the same day a fragile ceasefire took effect in neighbouring Lebanon between Israel and the Iran-backed Hezbollah group after two months of all-out war. The Syrian army — supported by Russian air power — had recaptured in 2016 rebel-held areas of Aleppo, a city dominated by its landmark citadel.

Subscribe to enjoy similar stories. Antony Blinken, America’s secretary of state, was unusually blunt on a recent visit to Europe: “One of the reasons that [Vladimir] Putin is able to continue this aggression is because of the provision of support from the People’s Republic of China," he said. China was, he added, “the biggest supplier of machine tools, the biggest supplier of microelectronics, all of which are helping Russia sustain its defence industrial base".

President-elect Donald Trump is threatening 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar

Subscribe to enjoy similar stories. When an Israeli bomb killed Hassan Nasrallah, the leader of Hizbullah, last week, it did not just decapitate a fearsome militia that has driven some 60,000 Israelis from their homes with frequent rocket attacks. It also dealt a hammer blow to Iran’s “axis of resistance", a constellation of proxy forces that Iran has for decades used to attack both Israel and Western interests in the Middle East.

It was the first opposition attack on Aleppo since 2016, when a brutal air campaign by Russian warplanes helped Syrian President Bashar Assad retake the northwestern city. Intervention by Russia, Iran and Iranian-allied Hezbollah and other groups has allowed Assad to remain in power, within the 70% of Syria under his control. The surge in fighting has raised the prospect of another violent front reopening in the Middle East, at a time when U.S.-backed Israel is fighting Hamas in Gaza and Hezbollah in Lebanon, both Iranian-allied groups.

The fighters took control of «half of the city of Aleppo» as regime forces withdrew, according to the Syrian Observatory for Human Rights. The offensive began on Wednesday, the same day that a fragile ceasefire took effect in neighbouring Lebanon between Israel and Iran-backed militant group Hezbollah.

He was replying to a question in Rajya Sabha on Thursday on the current status of the Chabahar Port. In May 2015, India and Iran signed an MoU on ‘Partnership of India in the Development Plan of Chabahar Port’. This was followed by the signing of a Trilateral Agreement in May 2016 between India, Iran and Afghanistan to establish the International Transport and Transit Corridor (Chabahar Agreement).

The escalation came a day after Israel and Iran-backed Hezbollah began a ceasefire in Lebanon, halting more than a year of hostilities and raising hopes among many Palestinians in Gaza for a similar deal with Hamas, which rules the enclave. Israel's military campaign — with the avowed intent of eradicating Hamas militants after the group's deadly raid on southern Israel on Oct. 7, 2023 — has laid waste to the enclave of 2.3 million people.

Subscribe to enjoy similar stories. Rebels in Syria launched a large-scale attack on Assad government forces, storming a military base and seizing control of swaths of territory in the country’s northwest in the first major outbreak of fighting between the two sides in recent years. The Syrian government said Thursday that its forces are confronting the continuing attack.

IDEAS 2024) to export defence products and equipment including advanced drones, fighter jets, commercial and logistic ships, electronic warfare equipment, and radars, Ministry of Defence Production Secretary Lt Gen (Retd) Chiragh Haider told PTI. Haider said the 12th edition of IDEAS held last week amidst tight security in Karachi was a big success and ended with a lot of potential export agreements.

Subscribe to enjoy similar stories. The ceasefire between Israel and Hezbollah in Lebanon could not have come a moment too soon, especially since Tel Aviv had seemed determined to pursue its war against the Iran-backed militia with the same intensity as its campaign against Hamas in Gaza.

Goldman Sachs expects gold prices to jump to $3150 per troy ounce, an increase of 19 per cent from the current level, if concerns over US fiscal sustainability grow. The yellow metal acts as a good hedge against inflation and rising geopolitical tension. Gold was trading at $2647 per troy ounce on Tuesday in the international market and at Rs 76,470per 10 gm in the domestic market. Rising fears of inflation and fiscal risks could drive speculative positioning and ETF flows higher, while US debt sustainability concerns may push central banks, especially those holding large US Treasury reserves, to buy more gold. A Goldman Sachs report on commodity outlook for 2025 released today says that the unusually wide range of potential US policy shifts in 2025 strengthens the diversifying role of commodities in portfolios. In particular, long positions in gold and oil positions can act as critical inflation and geopolitical hedges in tail scenarios, including tariff escalation, geopolitical oil supply disruptions, and debt fears.

Subscribe to enjoy similar stories. WASHINGTON—President-elect Donald Trump’s brandishing of tariffs on goods from Canada, Mexico and China marks the passage from one era to another: Partnerships are out, and coercion is in. Trump is showing his second term will be much like his first, defined by the economic and diplomatic fights he picked with friends as well as foes.

President-elect Donald Trump picked Kevin Hassett to lead the National Economic Council, a role that puts him at the center of the administration's policy-making discussions from trade to taxes and deregulation.

weapons storage facility in Syria in response to an attack on American forces a day earlier. The US Central Command (CENTCOM) wrote on X that the strike aimed to «degrade their ability to plan and launch future attacks on US and Coalition forces who are in the region to conduct D-ISIS operations,» referring to a mission to target the Islamic State group. It said that there were no civilian casualties found during its assessment of the strike.

Subscribe to enjoy similar stories. In 2002, eminent Persian scholar Salma Yusuf Husain was going through a catalogue of books from the Mughal period at the National Archives of India in New Delhi. She was working there, and had earned herself a name for translating rare Persian texts into English.