World

27

Jul

By The Press Editor

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World

Oil prices ease after US-Iran military pause: What it means for inflation and the global economy?

New York: Global oil prices witnessed a sharp decline in early trading on Sunday after the United States and Iran avoided launching fresh military strikes in the Persian Gulf for the second consecutive day. The temporary pause in hostilities eased immediate concerns over disruptions to global crude supplies, prompting traders to book profits after oil prices had surged to a two-month high last week. Brent crude, the global benchmark, dropped 4.9 per cent to USD 92.02 per barrel in early trade after markets reopened. The decline came after the benchmark had already slipped 3.9 per cent on Friday. Last week, Brent…

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26

Jul

By The Press Editor

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World

Berlin Pride attack suspect shot dead by police; authorities call it ‘Islamic terror’ strike | 10 Points

New Delhi: German Interior Minister Alexander Dobrindt has called the fatal attack near Berlin's Pride festival believed to be an "Islamic terror attack". A van came ramming and stabbing at the Pride festival's closing party, which left one person dead and several others injured as police begun its search operation.  The authorities have issued a notice and given a warning to the people against approaching Abdul Ballout, who is a German citizen but has roots in Lebanon. "Everything we see here points to us dealing with an Islamic terror attack," Interior Minister Alexander Dobrindt said. Meanwhile, the suspect was killed in…

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26

Jul

By The Press Editor

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World

‘Can’t go unanswered’: Iran warns of retaliation after Ukraine’s attack on ship in Caspian Sea kills one

Tehran: Tehran on Sunday threatened to Ukraine after an Iranian vessel was alleged targeted by Kyiv in the Caspian Sea, with Iran's Foreign Minister Seyed Abbas Aragchi describing the attack as a violation of the UN Charter. He further said that during calls with the European Union's Kaja Kallas and Russian top diplomat Sergei Lavrov, he "made clear that what the freeloader in Kyiv did CANNOT GO UNANSWERED". "Zelenskyy has attacked an Iranian commercial vessel, killing a sailor. A blatant UN Charter violation done at Israel's behest to drag Europe into its war," he said in an X (previously Twitter)…

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26

Jul

By The Press Editor

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World

France likely to respond to India’s 114 Rafale jet Letter of Request by mid-August: Report

New Delhi: France is expected to give its official response to India's 114 Rafale deal Letter of Request by mid-August. India gave a Letter of Request to France earlier in May, and the French officials have sought time till mid-August. News agency ANI reported that New Delhi and Paris would sit at the negotiation table after France gives its response. India sent a Letter of Request (LoR) to France in May this year to begin negotiations for a government-to-government deal to procure 114 Rafale fighter jets for the Indian Air Force (IAF).  Under the proposal, 94 of the aircraft would…

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26

Jul

By The Press Editor

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World

Vessel with four Indians aboard struck at Odesa port in Ukraine, Indian Embassy issues statement

New Delhi: A vessel carrying four Indian nationals was struck at the Odesa port in Ukraine, the Indian Embassy in Kyiv confirmed in a statement on Sunday. Two nationals were confirmed to be safe, while the status of the other two is yet to be known, it added. Meanwhile, the Ministry of External Affairs also issued an advisory for the Indian nationals seeking employment in the Black Sea region amidst the ongoing Russia-Ukraine conflict. The vessel, MV AGN Ragnar, is learnt to have been hit at the Port of Odesa, one of Ukraine's key Black Sea ports that has frequently…

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26

Jul

By The Press Editor

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World

Nepal allows Indian Rs 200 and Rs 500 notes, ends nearly decade-long restriction

New Delhi: Nepal has allowed Indian and Nepalese nationals to carry Indian currency notes of Rs 200 and redesigned Rs 500 denominations into and out of the country, ending a nearly decade-long restriction that had been in place since India's 2016 demonetisation. The move is expected to facilitate tourism, trade and cross-border travel between the two neighbouring countries. The Nepal Rastra Bank (NRB), in a notice reissued on Thursday, said Indian and Nepalese nationals can carry Indian currency notes of Rs 200 and Rs 500 denominations issued on or after November 9, 2016, up to a limit of Rs 25,000…

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26

Jul

By The Press Editor

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World

Brazil denies visas to two US officials ahead of October presidential election

New Delhi: Brazil has denied visas to two US State Department officials who were scheduled to visit the country next week, marking the latest escalation in tensions between Brasilia and Washington ahead of Brazil's presidential election. The development comes amid growing friction over trade, election-related concerns and diplomatic relations between the two countries. Two US officials denied entry According to Brazil's Foreign Ministry, Riley M. Barnes, an assistant secretary at the US State Department, and Samuel Samson, a deputy assistant secretary, applied for visas on July 20. Their requests were rejected on Friday. While the ministry confirmed the decision, it…

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26

Jul

By The Press Editor

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World

Two killed, several injured in explosion in Pakistan’s Khyber Pakhtunkhwa

Islamabad: At least two people were killed in a powerful explosion in Pakistan's northwestern Khyber Pakhtunkhwa province on Saturday. A local leader narrowly escaped the blast, while police have launched an investigation to determine the cause of the explosion. The incident took place in Bajaur district, a region that has witnessed repeated incidents of militant violence over the years. So far, no organisation has claimed responsibility for the attack. Explosion near Tali Band claims two lives According to police, the explosion occurred near Tali Band in Salarzai tehsil of Bajaur district in Khyber Pakhtunkhwa. The two victims have been identified…

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25

Jul

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World

Wider Middle East war? Kuwait, Bahrain targeted Iran this month with UAE’s backing: Report

New Delhi: Since the start of its conflict with the United States (US), Iran has repeatedly targeted its neighbours in the Middle East, where American military forces are stationed. For much of the over four-month-long conflict, Gulf nations refrained from retaliating, but that changed this month when Kuwait and Bahrain carried out their first strikes against Iran. According to a report by The Wall Street Journal (WSJ), Kuwait and Bahrain targeted Iran's drone and missile facilities, and other military sites earlier this month in retaliation to Tehran's continued strikes against them. For this operation, the intelligence was provided by the…

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25

Jul

By The Press Editor

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World

Trump says Saudi Arabia must join Abraham Accords as key condition to finalise nuclear deal

Washington: Amid talks with Saudi for nuclear deal, US President Donald Trump on Friday (local time) again stated that Saudi Arabia must join the Abraham Accords as a firm condition for finalising a bilateral civil nuclear arrangement, declaring that Riyadh no longer faces the threat of a dominant regional power in Iran to justify holding back. Know all about Abraham Accords The "Abraham Accords" are a series of US-brokered diplomatic pacts launched in 2020 that established formal  political, economic, and security ties between Israel and several Arab nations, including the United Arab Emirates, Bahrain, Morocco, and Sudan. Speaking during an address on American nuclear innovation, Trump made his latest…

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