War Financial News

The Indo-Gangetic Plain (IGP) is among India's most polluted regions, and air quality across northern India has worsened this past week. Flight disruptions were inevitable.

Olaf Scholz discussed the war in UkrPutinaine by phone with Russian President Vladimir Putin on Friday in the first such conversation in two years, the German government said. Government spokesman Steffen Hebestreit said Scholz condemned «Russia's war of aggression» against Ukraine during the call, and called on Putin to end it by withdrawing troops that invaded the country in February 2022. Scholz also urged Russia to be willing to negotiate with Ukraine toward achieving a just and lasting peace, and expressed Germany's unwavering determination to support Ukraine in its fight, Hebestreit said in a statement.

Subscribe to enjoy similar stories. SEOUL : Kim Jong Un oversaw a fiery exhibition of North Korea’s latest suicide drones, highlighting the military capabilities that could be honed by his country’s recent troop deployment to the Russian front lines with Ukraine where such aerial attacks are commonplace. Kim, clad in a black leather jacket, rose from a beige-colored suede chair to watch the drones soar into the skies, Pyongyang’s state media reported Friday.

It said, «the return of the Donald to the White House offers an opportunity for Beijing to negotiate a new deal with Washington, which would probably include China indicating a willingness to move some production to America». On the continued war between Russia and Ukraine, the report noted that a deal could have been signed in the past on an agreement that Ukraine would not join NATO.

Since the Mideast wars began with Hamas’ initial Oct. 7, 2023, attack on Israel, many international airlines have halted, restarted and halted again their flights into Israel’s main gateway to the rest of the world

Subscribe to enjoy similar stories. Donald Trump is not India’s No. 1 problem.

Subscribe to enjoy similar stories. SINGAPORE—The last thing Xi Jinping needs right now is another showdown with Donald Trump over trade. China is grappling with an epic property collapse, and local governments are wobbling under trillions of dollars of debt.

Subscribe to enjoy similar stories. TEL AVIV—Israel is expanding its ground operation in southern Lebanon, sending troops into villages farther from its border, in what some former senior security officials worry could turn into a war of attrition. On Thursday, Israel’s military for the second day in row said its troops were reaching new targets in southern Lebanon.

Donald Trump has said his administration will focus on ending the Russia-Ukraine war, as he lamented the killing of people in the conflict. He also said his administration will also work on bringing peace to West Asia. «We're going to work on the Middle East, and we're going to work very hard on Russia and Ukraine. It's got to stop,» Trump said during a gala for the America First Policy Institute held at his Mar-a-Lago estate on Thursday. This was his first major speech and public appearance after his stunning electoral victory in the November 5 presidential elections.

Donald Trump is not India’s No. 1 problem. At least not right now. His hawkish trade policy may well emerge as an outsize threat to supply chains and global growth. But a bigger, more immediate worry for the central bank in Mumbai is tomatoes. Or, to be more specific, a 161% jump last month in tomato prices — due to late and heavy rainfall — from a year ago. With potatoes and onions also becoming dearer, food expenses are out of control. The average cost of a homecooked meal in October — a standard fare of rice, roti, dal, veggies, salad and yoghurt — was the steepest in 14 months, according to CRISIL, an affiliate of S&P Global Inc. The chances of a December rate cut by the Reserve Bank of India were dimming even before the US election. But with inflation spiking above the upper end of the central bank’s tolerance range of 2%-6%, many analysts are ruling out monetary easing before the start of the next financial year in April. By which time, the next American president’s policies would have started to have an effect, particularly on the exchange rate.

Steve Bannon, the prominent right-wing figure and former advisor to President Trump, faces a looming state fraud case that could have serious consequences. After his federal pardon, Bannon is now indicted in New York on state charges related to defrauding donors for a border wall project. Despite his past legal troubles, including time served in federal prison, Bannon's connection to Trump has raised questions about whether the former president could intervene. However, Trump's power is limited in state cases, leaving Bannon's future uncertain.

United Nations and other international organizations are bracing for four more years of Donald Trump, who famously tweeted before becoming president the first time that the 193-member UN was «just a club for people to get together, talk and have a good time.» In his first term, Trump suspended funding for the U.N. health and family planning agencies, withdrew from its cultural organisation and top human rights body, and jacked up tariffs on China and even longtime U.S. allies by flaunting the World Trade Organization's rulebook. The United States is the biggest single donor to the United Nations, paying 22% of its regular budget. Trump's take this time on the world body began taking shape this week with his choice of Republican Rep. Elise Stefanik of New York for US ambassador to the UN. Stefanik, the fourth-ranking House member, called last month for a «complete reassessment» of US funding for the United Nations and urged a halt to support for its agency for Palestinian refugees, or UNRWA. President Joe Biden paused the funding after UNRWA fired several staffers in Gaza suspected of taking part in the Oct 7, 2023, attack led by Hamas.

Subscribe to enjoy similar stories. President-elect Donald Trump has styled himself a master dealmaker who can leverage his warm relationship with Russian President Vladimir Putin to end the war in Ukraine, cool tensions between the world’s biggest nuclear powers and realign global politics. But that can-do image is at odds with the two leaders’ records and the new geopolitical reality.

U.S. Secretary of State Antony Blinken says the Biden administration intends to bolster its military support to Ukraine

Subscribe to enjoy similar stories. Going to war is now a rational economic choice in Russia’s impoverished hinterlands. Facing heavy losses in Ukraine, Russia is offering high salaries and bonuses to entice new recruits.

Subscribe to enjoy similar stories. Donald Trump’s election victory has triggered a renewed push by some in Israel’s right-wing government to annex the occupied West Bank, an idea that is seen as illegal by most of the international community and could threaten Israel’s relations with its Arab allies. On Wednesday, Trump’s nominee for U.S.

Donald Trump emerged victorious in the US Presidential elections, and as soon as he comes to power following the end of Biden's tenure, his proposed set of economic plans will begin seeing the green light, and according to a Wall Street strategist, some of it could make the possibility of a US recession a harsh reality.

Nawfal's family arrived in Beirut for her wounded daughter's surgery, one of the first things she wanted to do was go to the sea. The Mediterranean had been a constant companion at their home in Gaza before the war. «The moment I smelled the sea, I felt at peace inside — as if I were in Gaza,» she said. But soon their place of refuge reminded her of home in far more distressing ways. Nawfal's 7-year-old daughter, Halima Abou Yassine, is one of a dozen severely wounded Palestinian children brought to Lebanon this year for treatment through a program launched by a British-Palestinian surgeon, Dr. Ghassan Abu Sitta.

China deployed some of its newest strike aircraft, warships and missile forces. However, one of the most menacing weapons used in the drills: an updated version of a bomber that first flew in the early years of the Cold War. Like America, which still relies on upgraded versions of the B-52, a bomber from the same era, China has successfully modernized its jet-powered H-6 to carry on flying deep into the 21st Century. These bombers were shown on China's state-controlled media taking off for missions designed to intimidate Taiwan as part of the war-game drills. Dubbed Joint-Sword 2024B by China's military, the maneuvers were a «stern warning» to people on Taiwan seeking independence, the Chinese military said.

Pete Hegseth, a Fox News commentator and veteran who has expressed disdain for the so-called «woke» policies of Pentagon leaders including its top military officer. Hegseth, if confirmed by the U.S. Senate, could make good on Trump's campaign promises to rid the U.S. military of generals who he accuses of pursuing progressive policies on diversity in the ranks that conservatives have rallied against.

tech industry met in Lisbon on Tuesday for the Web Summit, the sector's first big event since the US election, with Donald Trump's victory expected to be a key theme of their discussions. The tech industry is holding its breath to see what Trump's second term will bring when he takes over in January, especially as SpaceX and Tesla chief Elon Musk is expected to have a huge influence on the next US government. During Trump's last term from 2017 to 2021, big tech firms were often at odds with the president, particularly given his crackdown on immigration and ramping up the trade war with China.