War Financial News

diesel exports fell 25% year-on-year in the first 11 months of this financial year to $20 billion as prices in the international markets softened. The export volume increased marginally to 26 million metric tonnes (mmt) from 25.8 mmt during the April 2023-February 2024 period, according to the petroleum and natural gas ministry data. Petrol exports fetched $10 billion during this period, about 13% less than a year earlier. In volume terms, however, petrol exports increased 4% to 12.1 mmt.

Deliberations of the 16th Finance Commission (FC) are now proceeding in earnest. The appointment of the full commission only by the end of January has left it with just 19 months until end October 2025 to complete its work and submit its recommendations, well short of the full two years or so that is usually available. Fortunately, its terms of reference have been limited to the core issues mandated by the Constitution.

BEIJING — Chinese smartphone company Xiaomi said Thursday it will sell its first car for far less than Tesla's Model 3, as price wars heat up in China's fiercely competitive electric car market.

Wall Street Journal reporter Evan Gershkovich marks a year behind bars on Friday following his arrest by Russian authorities who accuse him of espionage but have offered no supporting evidence

Hamas militants launched an attack in southern Israel, killing and abducting scores of its citizens. It has since then escalated into a full-fledged war in Gaza. Israel said it would continue the offensive until all hostages are released and Hamas is destroyed.

₹20 per capita per month," and the commission called them poor. In their classic study, Dandekar-Rath defined the poor in terms of an average consumption of 2,250 calories per capita per day, equivalent to ₹15 for rural areas and ₹22.50 for urban areas, both in 1960-61 prices. This became the poverty line for academic studies in India and around the world.

The stunning collapse of Baltimore’s Francis Scott Key Bridge is diverting shipping and trucking around one of the busiest ports on America’s East Coast

The city of Berkeley, California, has agreed to halt enforcement of a ban on natural gas piping in new homes and buildings that was successfully opposed in court by the California Restaurant Association

Chinese leader Xi Jinping has told visiting Dutch Prime Minister Mark Rutte that attempts to restrict China’s access to technology will not stop the country’s advance

BYD and Tesla, the world’s top two electric-vehicle makers, have a lot in common these days—except in terms of market value, where the U.S. company is roughly seven times as big. It takes a lot of faith in chief executive Elon Musk’s promise of autonomy to rationalize the difference.

Indian Air Force (IAF) Chief VR Chaudhari on Wednesday said Balakot-like operations have shown that, given the political will, aerospace power can be effectively carried out beyond enemy lines, in a no-war, no-peace scenario, without escalating into a full-blown conflict. The IAF Chief said this in his inaugural address at the 15th Jumbo Majumdar International Seminar on Aerospace Power in Future Conflicts in New Delhi on Wednesday. «Balakot-like operations have shown that, given the political will, aerospace power can be effectively carried out beyond enemy lines, in a no-war, no-peace scenario, under a nuclear overhang without escalating into a full-blown conflict. Ongoing conflicts across the globe have brought out significant lessons for nations in general and air power in particular. Fora such as this are crucial towards developing a better understanding of the nuances of air power application in modern battlespaces,» he said.

NEW DELHI : India is deploying atomic clocks across the country to ensure the time shown on your digital watch, smartphone and laptop is truly based on Indian Standard Time—an effort launched more than two decades ago after the Kargil war. Currently, most software operating modules in India rely on US-based Network Time Protocol servers. The government wants all software to instead be synchronised with indigenous atomic clocks, both for uniformity in time and as a defence mechanism, especially in times of war.

ANI, "I think there seems to be a link between the Moscow terrorist attack and this Pakistani attack and more seems to be in the pipeline." He further blamed the proxies of Pakistan and said, "It will not stop until or unless Pakistanis are made accountable for their actions. And whatever is happening, it's through the proxies of Pakistan and the terrorists trained in the Pakistani training camp, especially the ISIS." Condemning the terrorist attack on the Chinese engineers, PTM member said, “I would like to condemn the terrorist attack on the Chinese engineers in district Shangla in Khyber Pakhtunkhwa, which resulted in the killing of five Chinese nationals and their Pakistani driver." He further alleged that Pakistan is double-gaming China as they did with the US.

There were no aides and no note-takers in the Oval Office—just President Biden and his German guest. Chancellor Olaf Scholz came on such short notice that the only plane he could book, a small Airbus 321, had to refuel in Iceland. Russia’s war in Ukraine and the fighting in Gaza dominated the 90-minute meeting.

East Coast, creating delays and raising costs in the latest disruption to global supply chains. After the container ship Dali hit the bridge and brought it down early Tuesday, ship traffic entering and leaving the Port of Baltimore was suspended indefinitely. That will require rerouting vessels or their cargo to other ports, potentially causing congestion and delays for importers, said Judah Levine, head of research for the global freight booking platform Freightos.

On Monday, for the first time since the Gaza war broke out in October 2023, the United Nations Security Council passed a resolution calling for an immediate ceasefire, the instant and unconditional release of hostages, and expanded flow of aid to the besieged territory. The vote went through because Israel’s chief backer, the US, abstained instead of using its veto against the 14 countries in favour of the proposal.

Sen. Bill Cassidy, R-La., discusses the Republicans plan to save social security and reacts to Bernie Sanderss 32-hour workweek idea on Varney & Co.

Hezbollah targets in northeast Lebanon's Hermel area on Tuesday, the deepest raid since cross-border hostilities erupted in October with the Iran-backed group over the Israel-Hamas war. Following the outbreak of war between Israel and Hamas after the Gaza militants' October 7 attack, Israeli forces along the border with Lebanon have exchanged near-daily fire with the powerful Shiite Muslim movement Hezbollah. The group says it is acting in support of its ally Hamas, while Israel has also targeted Hezbollah and Hamas officials in Lebanon, including with strikes deep into Lebanese territory.

Ukraine has sunk or disabled a third of all Russian warships in the Black Sea in just over two years of war, the navy spokesman said Tuesday, a heavy blow to Moscow's military capability. Ukraine's Navy spokesman Dmytro Pletenchuk told The Associated Press that the latest strike on Saturday night hit the Russian amphibious landing ship Kostiantyn Olshansky that was resting in dock in Sevastopol in Russia-occupied Crimea. The ship was part of the Ukrainian navy before Russia captured it while annexing the Black Sea peninsula in 2014. Pletenchuk has previously announced that two other landing ships of the same type, Azov and Yamal, also were damaged in Saturday's strike along with the Ivan Khurs intelligence ship.

American Civil War, 'The Dead Don't Hurt' narrates the story of star-crossed lovers on the western U.S. frontier in the 1860s. It revolves around Vivienne Le Coudy (Krieps), who embarks on a relationship with Danish immigrant Holger Olsen. After meeting Olsen in San Francisco, she travels with him to his home near Elk Flats, Nevada, where they start a life together. The outbreak of the Civil War separates them and Olsen decides to fight for the Union.

The U.S. is imposing sanctions on a collection of mostly Russian fintech firms and people accused of enabling sanctions evasion