War Financial News

A suspected attack by Yemen’s Houthi rebels has targeted a ship in the Red Sea

China and Russia's naval forces on Sunday kicked off a joint exercise at a military port in southern China on Sunday, official news agency Xinhua reported, days after NATO allies called Beijing a «decisive enabler» of the war in Ukraine. The Chinese defense ministry said in a brief statement forces from both sides recently patrolled the western and northern Pacific Ocean and that the operation had nothing to do with international and regional situations and didn't target any third party. The exercise, which began in Guangdong province on Sunday and is expected to last until mid-July, aimed to demonstrate the capabilities of the navies in addressing security threats and preserving peace and stability globally and regionally, state broadcaster CCTV reported Saturday, adding it would include anti-missile exercises, sea strikes and air defense.

British royal family — have been strutting their stuff on that iconic Buckingham Palace balcony for centuries, waving at the plebs below like they're auditioning for a role in 'The Crown'. But starting today, July 15, commoners will be allowed to do their own waving from the Buck balc as part of the new palace tour. The head of the family, Charles — three years junior to the other real estate baron Donald Trump — gave his go-ahead to making his family's residence a bit more available to commoners.

Gaza Strip: Hamas said Sunday that Gaza cease-fire talks continue and the group's military commander is in good health, a day after the Israeli military targeted Mohammed Deif with a massive airstrike that local health officials said killed at least 90 people, including children. Deif's condition remained uncertain after Israeli Prime Minister Benjamin Netanyahu said Saturday night «there still isn't absolute certainty» he was killed. Hamas representatives gave no evidence to back up their assertion about the health of a chief architect of the Oct. 7 attack that sparked the war. The Israeli military on Sunday announced that Rafa Salama, a Hamas commander it described as one of Deif's closest associates, had been killed in Saturday's strike. Salama commanded Hamas' Khan Younis brigade. The statement gave no update on Deif, who has long topped Israel's most-wanted list and has been in hiding for years.

IAF on Sunday recalled the force's contribution in the Kargil war 25 years ago during which it flew thousands of strike missions and helicopters sorties to bolster the Army's efforts in fighting against the adversary. To commemorate the silver jubilee of the victory in the 1999 Kargil war, the Indian Air Force is celebrating 'Kargil Vijay Diwas Rajat Jayanti' at Air Force Station Sarsawa from July 12-26, honouring the bravehearts who made the supreme sacrifice for the nation, the ministry of defence said in a statement. On Saturday, IAF Chief Air Chief Marshal V R Chaudhari laid a wreath at the Station War Memorial as a tribute to all air warriors who laid down their lives in service of the nation. He felicitated and interacted with many next of kin during the event. A spectacular air show was organised that included display by the Akash Ganga Team and aerial displays by Jaguar, Su-30 MKI and Rafale fighter aircraft.

tigers were on the prowl in the farmlands of Lakhimpur Kheri district who had killed several people. The then chief wildlife warden Chandra Bhan Singh constituted four teams to rein in the tigers and Dr Rahul Shukla joined this expedition as an expert on farmland wildlife. The team reached my place in Gola, famous for its Shiva temple named Gokaran Nath. Here I was first introduced to Shukla by Late Shiv Chandra Dixit, my neighbour and a member of legislative council. I was 25 then.

Paris is hosting an extra-special guest for France's national holiday Sunday — the Olympic flame lighting up the city's grandiose military parade for Bastille Day. Just 12 days before the French capital hosts exceptionally ambitious and high-security Summer Games, the torch relay is joining up with thousands of soldiers, sailors, rescuers and medics marching in Paris beneath roaring fighter jets to mark Bastille Day. While people around France mark the day with concerts, parties and fireworks, here's a look at what the holiday's about, and what's different this year: What does Bastille Day celebrate?On July 14, 1789, revolutionaries stormed the Bastille fortress and prison in Paris, heralding the start of the French Revolution and the end of the monarchy.

Joe Biden was stage-managed? Was a teleprompter used? The Democrat contender spoke with reporters at the Walter E. Washington Convention Center. The Wall Street Journal has reported that Biden read his opening remarks through a teleprompter before embarking on a wide-ranging 50-minute question-and-answer session with reporters. Except for a gaffe, Joe Biden looked comfortable replying to the questions of reporters assembled there, who quizzed him on subjects ranging from NATO to Ukraine War to the 2024 US Presidential Election.

Delta Air Lines is changing its employee uniform policy following a passenger’s outrage over two flight attendants photographed wearing Palestinian pins

Kremlin on Saturday warned the deployment of US missiles in Germany could make European capitals targets for Russian missiles in a repeat of Cold War-style confrontation. Kremlin spokesman Dmitry Peskov spoke of a «paradox» in which «Europe is a target for our missiles, our country is a target for US missiles in Europe.» «We have enough capacity to contain these missiles but the potential victims are the capitals of these countries,» he said, speaking to Russian state television channel Russia 1.

recently reported, Volodymyr Zelensky, Ukraine’s president, is still publicly claiming that Ukraine will recover all the territory the Russians conquered, even if he privately knows that this will not happen soon, if at all. His frustration with the lack of progress prompted him to reshuffle the leadership of the armed forces earlier in February. Our charts and maps below show where things stand two years into Russia’s full-scale invasion.

Red Sea crisis and ongoing war between Ukraine-Russia and Israel-Hamas. E-commerce exports are growing rapidly and those done through the postal and courier routes are pegged at $1.5 billion. Here's a look at the challenges the export sector is facing and its budget wishlist. India's goods and services exports in FY24 were at an all-time high of $778.2 billion, up 0.23% from $776.4 billion in 2022-23 (goods USD 437.1 billion and services USD 341 billion). Key issues in India's export saga;

Republicans will gather for their convention in Milwaukee next week united behind presidential candidate Donald Trump but divided on what the party stands for. There are, of course, widely aired disagreements over abortion and the war in Ukraine. But a potentially more consequential division has opened over economics.

Dmitry Medvedev said that the US believed it had won the cold war but in reality, had failed to do so. Further, he said that the US is now one step away from losing it completely. In the past, he has threatened Russia’s opponents that the county will use its nuclear arsenal. He was largely seen as liberal in the western circles in comparison to President Vladimir Putin, but his stance changed after the onset of the Russia-Ukraine war. He is presently the deputy chair of Russia’s Security Council. This has been reported by the Business Insider.

Masoud Pezeshkian won Iran's runoff presidential election Saturday, besting hard-liner Saeed Jalili by promising to reach out to the West and ease enforcement on the country's mandatory headscarf law after years of sanctions and protests squeezing the Islamic Republic. Pezeshkian promised no radical changes to Iran's Shiite theocracy in his campaign and long has held Supreme Leader Ayatollah Ali Khamenei as the final arbiter of all matters of state in the country. But even Pezeshkian's modest aims will be challenged by an Iranian government still largely held by hard-liners, the ongoing Israel-Hamas war in the Gaza Strip, and Western fears over Tehran enriching uranium to near-weapons-grade levels.

A suspected attack by Yemen’s Houthi rebels has targeted a Liberian-flagged tanker in the narrow Bab el-Mandeb Strait

Ukraine received a setback when Russian forces rained down its famous Iskander M ballistic missiles. These missiles destroyed two S-400 air defense systems of Ukraine. This happened in the Poltava region of Ukraine. The Russian Defense Ministry published footages of this incident. Russia is increasingly using these missiles and it is believed to be the fourth strike on Ukraine in a span of six days. It has also been reported that Ukraine has adopted a well-known war tactic of using decoys to engage with the Russians. The latter would be tricked into striking dummy models without sustaining any major damages.

conflict on the Lebanon-Israel border, the daily exchanges of strikes between Hezbollah and Israeli forces have sparked fires that are tearing through forests and farmland on both sides of the frontline. The blazes — exacerbated by supply shortages and security concerns — have consumed thousands of hectares of land in southern Lebanon and northern Israel, becoming one of the most visible signs of the escalating conflict. There is an increasingly real possibility of a full-scale war — one that would have catastrophic consequences for people on both sides of the border. Some fear the fires sparked by a larger conflict would also cause irreversible damage to the land.

President. On Thursday, during a late evening press conference at the conclusion of the NATO summit and afterwards, Biden got two names mixed up and this the latest in a series of gaffes which has raised questions on the fitness levels of the president. Many of the democrats feel in private that this may be the last nail in the coffin of Biden’s presidential bid. This was a chance for Biden to not only prove himself but also an opportunity to arrest America’s declining influence in the global area. He appears to have failed in both the tasks.

India-Russia annual summit in Moscow on Tuesday between Prime Minister Narendra Modi and President Vladmir Putin will be on devising mechanisms for the easy and quick transfer of money between the two countries. This has gained significance in the backdrop of the ban on the use of SWIFT by Russia and the unprecedented surge in bilateral trade since the Ukraine war. The two leaders are also expected to initiate a process to allow the use of national currencies by tourists and students, ET has learnt. This will include the use of RuPay cards in Russia and MiR cards in India, according to persons familiar with the matter. While 60% of India-Russia trade is currently in national currencies, the need for real-time and faster payment in the absence of SWIFT has been felt. It is in this context that Modi and Putin are expected to focus on creating a special mechanism, said the people cited above.