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Janet Yellen stated on Friday that she is working to save a component of the global corporate tax agreement targeting highly profitable multinational corporations, and added that “India is refusing to engage on issues important to US interests".Yellen told Reuters in an interview on the sidelines of a G7 finance leaders meeting in Italy that China also has been “all but absent" in the negotiations to finalize “Pillar 1" of the OECD corporate tax deal reached in principle in 2021 that involves 140 countries."We are actively engaged in this negotiation," to meet an end-June deadline for the deal, Yellen told Reuters. “We're committed to doing everything we possibly can to make it work."Also Read: Yellen ‘Feeling Good’ About G-7 Alignment on Russian AssetsEarlier on Friday, Italian Finance Minister Giancarlo Giorgetti told reporters that the Pillar 1 negotiations were set to fail, citing objections from the U.S., India and China.The Pillar 1 negotiations primarily focus on redistributing the taxing authority concerning US-based digital giants, potentially enabling around $200 billion of corporate profits to be taxed in the nations where these companies operate.In addition to Pillar 1, the tax deal includes a second pillar involving the implementation of a 15% global minimum tax on corporate profits, which many countries are independently adopting.

Zelenskiy said on Friday that Ukrainian forces had secured "combat control" of areas where Russian troops staged an incursion this month in northern parts of Kharkiv region.

Indian films and were floored by Raj Kapoor, Mithun Chakraborty, Hema Malini and Shah Rukh Khan years ago. Now, after a gap of about three decades, industry players and authorities are working to reignite the old cultural affiliation through Indian films by increasing film shoots and screenings of Indian films in Russia. Film production and distribution companies and government officials in Russia are looking to attract Indian filmmakers and films now that Hollywood films are absent in Russia following the Russia-Ukraine conflict. Sarfaraz Alam Safu, who runs Kartina Entertainment, a line production company for Indian films in Russia and CIS countries, said Indian filmmakers are showing increasing interest and parts of some recent films including Sardar Udham, Pathan, Tiger, and Jugjugg Jeeyo were shot there.

President Vladimir Putin has signed a decree allowing Russia to confiscate U.S. assets to compensate for any Russian assets confiscated in the United States

TikTok said Thursday its putting in place new rules to limit the reach of state-affiliated media accounts

The U.S. is seeking to build support for squeezing more money for Ukraine out of frozen Russian assets as finance ministers from the Group of Seven rich democracies open a two-day meeting Another key topic pushed by U.S. Treasury Secretary Janet Yellen...

Officials say a nighttime Russian attack has destroyed train tracks and rolling stock in Ukraine’s northeastern Kharkiv region

STRESA, Italy—The U.S. and its allies are moving toward an agreement on a novel financing plan that would provide Ukraine with up to $50 billion, though Western officials are still working through important details on the use and structure of the funds. The idea relies on the investment returns—mainly interest payments—generated by the roughly $300 billion in Russian sovereign assets that the U.S.

Russia from advancing further into the northeastern Kharkiv region and are now counter-attacking, but Moscow is intensifying its assault on other parts of the front, Ukraine's army said Friday. Kyiv has been battling a fresh Russian land assault in the Kharkiv region since May 10, when thousands of Moscow's troops stormed the border, making their biggest territorial advances in 18 months. President Volodymyr Zelensky visited the region's capital on Friday to discuss the battle for Vovchansk, a town that sits fewer than five kilometres (three miles) from the border.

Modi on Friday called the Congress government in Himachal Pradesh a «talabaaz sarkar» for shutting down the staff selection commission and said the party also intends to put a «tala», or lock, on Ayodhya's Ram temple. Addressing a 'Vijay Sankalp' rally in Nahan in Sirmaur district, the prime minister claimed a conspiracy is being hatched to snatch the reservation for Scheduled Castes (SCs), Scheduled Tribes (STs) and Other Backward Classes (OBCs) and give it to Muslims. As Modi took to the stage, he chanted 'Bharat Mata ki Jai' and evoked local deities. Coming to Sirmaur felt like a homecoming, he said. «Neither Nahan nor Sirmaur is new for me but I have to say that today's atmosphere is new as I have never witnessed such a historic rally in Nahan,» he said.

Delhi's Tis Hazari Court on Friday granted four days judicial custody of Arvind Kejriwal's aide Bibhav Kumar, accused of assaulting the Rajya Sabha MP Swati Maliwal. He was produced in the court after his police custody ended today after being arrested on May 18. Meanwhile, Kumar, the former member of Delhi CM's personal staff, also moved an application to protect the DVR seized during the investigation and place it on record. However, Public prosecutor Atul Srivastava opposed the application and submitted that this is not the stage and this application may be dismissed.

defense minister. Then the head of the ministry's personnel directorate was hauled into court. This week, two more senior military officials were detained. All face charges of corruption, which they have denied. The arrests began after President Vladimir Putin began his fifth term and shuffled his ally, longtime Defense Minister Sergei Shoigu, into a new post. It immediately raised questions about whether Putin was reasserting control over the Defense Ministry amid the war in Ukraine, whether a turf battle had broken out between the military and the security services, or whether some other scenario was playing out behind the Kremlin's walls.

Also Read: Emkay projects Brent oil price range at $83 to $92 per barrel in the short termTraders remain concerned that prolonged high interest rates in the US will hurt the economic outlook and demand for energy. In the previous trading session, crude oil prices dropped over 0.65% following the release of the Federal Reserve meeting minutes, which indicated a lack of confidence among policymakers regarding imminent interest rate cuts.The minutes showed that while policymakers viewed current policy as "well positioned," some expressed readiness to tighten policy in the event of inflation spikes.

nuclear area, reported Russia Today (RT).Atomic Energy Commission chairman Ajit Kumar Mohanty was hosted by the Russian Atomic Chief in Siberia's Tomsk region in Russia on Thursday. The Russian Atomic Chief showed Mohanty the fourth-generation site that will host the safest atomic reactor in history, RT-India reported.Moreover, the head of Rosatom Likhachev also praised the cooperation between the two nations, calling India a key partner in the nuclear area.Earlier on Thursday, Mohanty and the head of Rosatom held meetings in Seversk, Tomsk region.The leaders of Russian and India nuclear industries visited the site of the Pilot Demonstration Energy Complex (PDEC) being built in Seversk, Tomsk region, as a part of the "Proryv" ("the Breakthrough") strategic industry project, according to a statement by Rosatom.During the joint visit, a full-scale discussion took place on the perspective areas of the Russian-Indian cooperation in the nuclear field."We are ready to serious expansion of the cooperation with India in the field of using nuclear energy for peaceful purposes.

South Korea on Friday imposed sanctions on seven North Korean individuals and two Russian vessels over weapons trade and other activities between Pyongyang and Moscow deemed in breach of U.N. Security Council resolutions, Seoul's foreign ministry said. The Russian vessels had been carrying a large quantity of containers between Russia and North Korea transporting military supplies in a clear violation of the United Nations Security Council resolutions, the ministry said in a statement. The United States and South Korea have accused North Korea of transferring weapons to Russia for use in its war in Ukraine. Both Moscow and Pyongyang have denied the accusations, but vowed last year to deepen military relations.

Gold rose on Friday but was set for its first weekly drop in three weeks, as investors lowered expectations of a U.S. interest rate cut after the Federal Reserve's latest meeting indicated that there would be a delay in monetary policy easing. FUNDAMENTALS

Kharkiv with missiles on Thursday, killing seven people in a printing house, as President Volodymyr Zelenskiy called out his western allies for not providing enough military support to rebuff Russian attacks. Moscow's forces have hammered the northeastern city for months and launched a ground assault into the north of the surrounding region on May 10, an offensive that Kyiv says has stalled on two lines of attack for now. Authorities said Russia fired about 15 missiles at the city and the nearby town of Liubotyn, targeting mostly transport infrastructure and a large printing house in Kharkiv where around 50 people were located at the time of the strike.

Bloomberg reported on May 23, citing sources familiar with the situation.Also Read | West Indies vs South Africa Highlights: West Indies beat South Africa by 28 runsThis new valuation surpasses the $180 billion figure reached during SpaceX's previous tender offer. Also Read | Faked Biden Robocall Results in Charges for Democratic OperativeThe Bloomberg report suggested that the shares could be priced between $108 and $110 each.

Ukraine's allies are looking for ways to squeeze money out of frozen Russian assets and use it to help Kyiv fend off Moscow's invasion

travel agreement being worked out between India and Russia should boost the tourist numbers to Moscow from India by at least 30%, said Evgeny Kozlov, first deputy head of the office of the mayor and the government of Moscow, in an interview to ET. Kozlov, who is also the chairman of Moscow City Tourism Committee, said Russian federal officials are also working on a project to enable virtual cards for Indian travellers while they are in India before coming to Russia. Kozlov said the virtual cards for Indian travellers should be enabled at the end of this year.

missiles slammed into Ukraine's second-largest city in the northeast of the country and killed at least six civilians early Thursday, officials said, as Kyiv's army labored to hold off an intense cross-border offensive by the Kremlin's larger and better-equipped forces. At least 16 people were injured as S-300 missiles struck the city of Kharkiv, regional Gov Oleh Syniehubov said. The sound of 15 explosions reverberated around the city of some 1 million people. Ukrainian President Volodymyr Zelenskyy called the attack «extremely cruel.» He expressed renewed frustration at not getting enough air defense systems from the country's Western partners to prevent the barrages after more than two years of unrelenting war. The city of Kharkiv, which is the capital of the region of the same name, lies about 20 kilometers (12 miles) from the Russian border. Moscow's troops have in recent weeks captured villages in the area as part of a broad push, and analysts say they may be trying to get within artillery range of the city.