In a significant development, US Treasury Secretary Janet Yellen said, the United States does not have the legal authority to seize frozen assets of the Russian central bank following its invasion of Ukraine. She also said, it is likely that… Read More ›
United States
Orders for Tesla’s Cybertruck to be limited to North America for now: Elon Musk
According to a post on Tesla Inc’s website, the US electric vehicle maker has stopped taking orders for its Cybertruck pickup truck outside of North America. Tesla is taking order for the Cybertruck only in the United States, Canada and… Read More ›
Sanctions have blocked $16-18 billion of exports to EU, US: Belarusian Prime Minister Roman Golovchenko
In a statement Belarusian Prime Minister Roman Golovchenko said, Western sanctions have blocked $16 to $18 billion worth of its annual exports to the European Union. Belarus has been hit by sanctions by the West after Russia sent troops into… Read More ›
Philip Morris International Inc makes $16B offer to acquire Swedish Match
In a statement on Wednesday, Philip Morris International Inc said, it was making a cash offer to acquire Swedish tobacco and nicotine products maker Swedish Match for 106 Swedish crowns per share. The value of the offer for Swedish Match, a Stockholm-listed… Read More ›
US imposes sanctions on Islamic State financial facilitators
The United States has imposed sanctions on a network of five Islamic State financial facilitators working across Turkey, Syria and Indonesia, in support of members of the extremist jihadist group in Syria. In a statement the U.S. Treasury Department has… Read More ›
US weapon supplies to Ukraine disrupt arm deliveries to Taiwan
In a statement Taiwan’s Defence Ministry said, it was considering sourcing weapons from alternative locations, other than the United States, after Washington informed of delays in deliveries of an artillery system due to a “crowded” production line. The development comes… Read More ›
Europe-South Korea relations key to managing fallout of US-China rivalry
According to former ambassadors and government officials, it is important that Europe nurtures closer ties with South Korea under South Korean President elect Yoon Suk-yeol to manage China’s rising power and the increasing rivalry between the United States and Beijing…. Read More ›
Sri Lanka in early debt refinancing talks with China
On Tuesday, a spokesman for Sri Lanka’s cabinet said, Sri Lanka has started negotiations with China on refinancing its debt as it struggles to manage its worst financial crisis in decades. “Now since the IMF is willing engage with Sri… Read More ›
Russia test launches new ICBM
In a statement the Pentagon said, Moscow had notified Washington of a test launch of its Sarmat intercontinental ballistic missile, saying, this was a routine test and not a threat to the United States. Russia has notified that it had… Read More ›
Russia probing cyber security vulnerabilities in critical infrastructure: CISA
Western governments have warned of potential cyber security threats by Russia against critical Western infrastructure as a response to sanctions imposed by them for its invasion of Ukraine. Cybersecurity agencies of the Britain, the United States, Australia, Canada and New… Read More ›