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Indian exports, commerce and industry minister Piyush Goyal said in Lok Sabha. This has resulted in increased time for goods to reach international markets. “No shortage of containers has been, however, reported on account of the longer voyage time or the Red Sea conflicts issues and Russia-Ukraine War,” he said. He also said limited demand for containers manufactured in India and accordingly the limited manufacturing capacity for containers in the country.

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.

Subscribe to enjoy similar stories. KYIV, Ukraine—Ukrainian President Volodymyr Zelensky is subtly shifting his rhetoric about ending the war with Russia, suggesting that Ukraine is open to stopping the fight to regain Russian-occupied territory in exchange for membership in NATO.

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.

Accel and some accounts managed by Orbis Investments. Nebius, which emerged in July following a $5.4 billion deal to split the domestic and international assets of Russian internet giant Yandex, is joining a drive to build the infrastructure underpinning artificial intelligence. Nebius was founded by Arkady Volozh, former founder and CEO of Yandex. Trading in Nasdaq-listed Yandex was suspended soon after Russia's invasion of Ukraine, with Nebius eventually reviving the listing as part of the asset split.

Subscribe to enjoy similar stories. Rosneft-backed Nayara Energy Ltd is planning to increase the number of its fuel retail outlets with a focus on rural areas and new highways, even as it explores ways to expand its compressed natural gas (CNG) business, its chief marketing officer Madhur Taneja said. Currently, the refining and oil-marketing company has a network of 6,500 outlets across Gujarat, Rajasthan, Maharashtra, Karnataka, Tamil Nadu, Kerala, Andhra Pradesh, Odisha and Telangana.

Russian President Vladimir Putin has approved budget plans, raising 2025 military spending to record levels as Moscow seeks to prevail in the war in Ukraine

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.

Donald Trump's drive to upend the FBI was welcomed by Republican senators although it was not clear on Sunday how strongly members of the incoming majority party would embrace his move to install ally Kash Patel as the next director of the Justice Department's top investigative arm. Patel, a onetime national security prosecutor who is aligned with the president-elect's rhetoric about a «deep state,» «must prove to Congress he will reform & restore public trust in FBI,» said Sen. Chuck Grassley of Iowa, in line to be the Senate Judiciary Committee chairman when Republicans take control in January, in a post on X. Patel lacks the high-level legal and management experience that FBI directors, including Robert Mueller, James Comey and Christopher Wray, who now holds that job, had before their nominations. It's a 10-year term, and Trump named Wray in 2017 after firing Comey. So Trump's announcement late Saturday means Wray must either resign or be fired after Trump takes office on Jan. 20, 2025.

Volodymyr Zelensky said Sunday that his country needed security guarantees from NATO and more weapons to defend itself before any talks with Russia. He made the comments after meeting the EU's new head of diplomacy Kaja Kallas and EU Council chief Antonio Costa, who were visiting Kyiv as a show of support on their first day in office. «An invitation for Ukraine to join NATO is a necessary thing for our survival,» Zelensky said at a press conference with Costa.

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.

Taiwan's Mainland Affairs Council (MAC) had condemned China and Russia for escalating tensions in the Asia-Pacific region. The council's statement on Friday highlighted Chinese military activity in the Taiwan Strait and joint military operations between China and Russia, which breached South Korea's air defence identification zone (KADIZ) earlier this week, Taipei Times reported. These actions have raised concerns about increasing instability in the region.

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".

Lawmakers in both houses of the Russian parliament, the State Duma and Federation Council had already approved the plans in the past 10 days. Russia's war on Ukraine, which started in Feb. 2022, is Europe's biggest conflict since World War II and has drained the resources of both sides.

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. In a few weeks, when Donald Trump takes over as US President once again, people will wonder if things might have been different had his opponent been someone other than Kamala Harris. By which, they also mean someone with a better game, who was not so ordinary.

Donald Trump, the US President-elect, has appointed Kashyap 'Kash' Patel as the new Director of the Federal Bureau of Investigation (FBI). This move makes Patel the second Indian-American to be included in Trump’s cabinet. Patel, a long-time Trump loyalist, has held several significant roles in the US government, including Chief of Staff at the Department of Defense and Deputy Director of National Intelligence during Trump’s first term. In his announcement on Truth Social, Trump praised Patel as an «exceptional lawyer, investigator, and 'America First' advocate» and emphasised his commitment to exposing corruption and upholding justice. Trump highlighted Patel's past work, which included playing a key role in debunking the «Russia, Russia, Russia» investigation and defending the Constitution. «Kash delivered remarkable service during my first term, holding positions such as Chief of Staff at the Department of Defense, Deputy Director of National Intelligence, and Senior Director for Counterterrorism at the National Security Council,» Trump wrote.

Donald Trump prepares for his second term as US President, his aggressive trade stance is already creating ripples in the global economy. A key element of his protectionist policies is the threat of imposing 100% tariffs on BRICS countries, including India, if they move away from using the US dollar in international transactions. This bold stance, declared through a scathing social media post, could have severe consequences for India’s exports, particularly in critical sectors such as pharmaceuticals, textiles, and information technology. Trump’s remarks come in response to discussions among BRICS nations, which include Brazil, Russia, India, China, and South Africa, regarding the possibility of reducing their reliance on the US dollar for trade. A summit held in Russia in October focused on increasing local currency transactions, a move that Trump has now vowed to challenge. “The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER,” Trump wrote, warning that any country attempting to replace the dollar with another currency would face significant tariff hikes. Also Read: Trump threatens 100% tariff on BRICS countries over currency plans

Zelenskyy's remarks on Friday signaled a possible way forward to the difficult path Ukraine faces to future NATO membership. At their summit in Washington in July, the 32 members declared Ukraine on an «irreversible» path to membership. However, one obstacle to moving forward has been the view that Ukraine's borders would need to be clearly demarcated before it could join so that there can be no mistaking where the alliance's pact of mutual defense would come into effect. «You can't give an invitation to just one part of a country,» the Ukrainian president said in an excerpt of the interview with Sky News, dubbed by the UK broadcaster. «Why? Because thus you would recognize that Ukraine is only that territory of Ukraine and the other one is Russia.»