World

26

Aug

By The Press Editor

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World

Former Sri Lanka President Ranil Wickremesinghe granted bail over alleged misuse of govt funds

Ranil Wickremesinghe was arrested on the alleged charges of misuse of government funds amounting to LKR 16.6 million. Earlier on Friday, Ranil Wickremesinghe was arrested on allegations of state funds' misuse, as reported by Newswire Lanka. Colombo: In a significant development, former Sri Lankan President Ranil Wickremesinghe on Tuesday was granted bail after he was named a suspect in an ongoing investigation into the alleged misuse of public funds for a private overseas trip involving ten individuals, Daily Mirror Online reported. As per the Sri Lankan-based newspaper, Daily Mirror, Colombo Fort Magistrate Nilupuli Lankapura released him on three sureties of LKR 5 million each, with the next court…

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26

Aug

By The Press Editor

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World

‘Show respect to America and our tech companies or face consequences’: Trump’s fresh tariff rant

Posting on his Truth Social platform, Trump stated that as President of the United States, he would defend countries targeting “incredible American Tech Companies.” Washington: US President Donald Trump has warned of imposing "substantial" new tariffs to curb American chip exports to countries that levy digital services taxes or enforce related regulations targeting US tech firms. Trump has been pushing trade partners to scrap these taxes, which largely affect major technology companies such as Alphabet, Meta, and Amazon, most of which are American. Posting on his Truth Social platform, Trump declared that as President, he will defend US technology companies from discriminatory…

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26

Aug

By The Press Editor

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World

IDF mobilises 130,000 reservists for Gaza offensive; dual citizens face rising legal scrutiny

In response to the Hamas attacks on October 7, 2023, Israel extended mandatory military service to three years. This move increased the size of the IDF to 169,500 active personnel and 465,000 reservists. Jerusalem: The Israeli Defense Force (IDF) has announced that about 130,000 reservists will be involved in an upcoming military operation aimed at taking control of Gaza City, PTI reported. The first group of 40,000 to 50,000 reservists is scheduled to report for duty on September 2. According to Israeli law, all citizens and permanent residents are required to serve in the IDF for a period ranging from…

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26

Aug

By The Press Editor

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World

Donald Trump fires Federal Reserve governor Lisa Cook amid mortgage fraud allegations

US President Donald Trump fired Fed Governor Lisa Cook. Cook was accused of falsely claiming two primary residences in 2021 to get better mortgage rates. New Delhi: US President Donald Trump fired Federal Reserve Governor Lisa Cook on Monday, intensifying his efforts to exert control over the traditionally independent US central bank. The announcement was made through Trump’s Truth Social platform, where he cited allegations of mortgage fraud as the reason for her dismissal. Fraud Allegations Spark Dismissal The accusations against Cook were first raised by Bill Pulte, a Trump-appointed official who serves on the board that oversees mortgage giants Fannie…

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26

Aug

By The Press Editor

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World

US issues official notice to impose 25% additional tariffs on India from August 27

President Donald Trump, in an executive order, announced 25 per cent tariffs on India but the levies were heightened to 50 per cent, asserting that India was fuelling the Ukraine war by buying oil from Russia. New Delhi: The US Department of Homeland Security on Monday issued a notice outlining the plan to implement 50 per cent tariffs on Indian imports. President Donald Trump, in an executive order, announced 25 per cent tariffs on India but the levies were heightened to 50 per cent, asserting that India was fuelling the Ukraine war by buying oil from Russia.   This move…

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26

Aug

By The Press Editor

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World

Trump tower in North Korea? South Korean Prez Lee brings it up in banter with US Prez | Watch

This marked Lee's first visit to the United States since being elected President of South Korea in July, following the impeachment of former President Yoon Suk-yeol. Yoon had declared martial law the previous year, a controversial move that was later overturned by lawmakers. Washington: In a light hearted conversation at the Oval Office of the White House, South Korean President Lee Jae Myung asked US President Donald Trump to reunify the two Koreas by having a word with Kim Jong Un. President Lee also suggested President Trump build a Trump Tower in North Korea and play golf at that place.…

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26

Aug

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World

US threatens 200% tariffs if China maintains ban on exports of magnets; here’s why they matter

Trump also hailed the US-China relationship while meeting South Korean President Lee Jae-myung in the White House’s Oval Office. In a soft warning, he said the US can adopt various moves which could destroy China but they will not do so. Washington: US President Donald Trump has threatened a whopping 200 per cent tariffs on China if Beijing continues to restrict export of rare earth magnets. "We have a very strong relationship economically with China. They have to give us magnets. If they don’t, we charge a 200% tariff or something ... .China intelligently went in and they sort of…

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26

Aug

By The Press Editor

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World

‘Can destroy China, but won’t’: Trump’s soft warning to Beijing ahead of 50% India tariffs

Despite China being the top global buyer of Russian oil, the Trump administration has avoided harsh punitive measures against Beijing, with Trump even praising a "great relationship" and extending tariff deadlines. New Delhi: Just a day before the deadline for his 50% tariff threat on India ends, US President Donald Trump praised his ties with China, despite China being the largest buyer of Russian oil. In a statement made while meeting South Korean President Lee Jae-myung in the White House’s Oval Office, Trump spoke warmly of the US-China relationship. “We are going to have a great relationship with China. They…

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26

Aug

By The Press Editor

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World

‘We count on India’s contribution in ending the war’: Zelenskyy’s message to PM Modi

Volodymyr Zelenskyy thanked PM Modi for his wishes on the Ukrainian Independence Day while lauding India's commitment to achieving peace and stability. Kyiv: Ukrainian President Volodymyr Zelenskyy has said he appreciated India's commitment to peace and dialogue at a time when the entire world is working to end the "horrible" Russia-Ukraine and that he is counting on New Delhi's contribution towards it. The remarks came in Zelenskyy's response to Prime Minister Narendra Modi's letter, extending wishes on the Ukrainian Independence Day. "Thank you, Prime Minister Narendra Modi, for the warm greetings on Ukraine’s Independence Day. We appreciate India's dedication to…

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25

Aug

By The Press Editor

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World

Indian Navy to commission stealth frigates INS Udaygiri and INS Himgiri in Visakhapatnam on August 26

The Indian Navy is set to commission two Project 17A stealth frigates, INS Udaygiri and INS Himgiri, at Visakhapatnam Naval Base on August 26. Built by MDL and GRSE respectively, these advanced warships showcase India's shipbuilding strength and align with the Aatmanirbhar Bharat initiative. New Delhi: Indian Navy is set to commission the latest state-of-the-art Project 17A multi-mission stealth frigates Udaygiri and Himgiri at Naval Base in Visakhapatnam on Tuesday (August 26). The ceremony will be presided over by Union Defence Rajnath Singh. This will be the first occasion when two frontline surface combatants, constructed at two different shipyards, will…

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