Americans are seeing the highest levels of inflation in four decades. Earnings from retailers are showing a split in shopping patterns even as prices of everything ranging from toothpaste to TVs have curbed the spending habits of US consumers. While… Read More ›
Washington
US companies face reputational risks in doing business in Sudan: US State Department
The United States issued an advisory warning U.S. companies of growing reputational risks of doing business with state-owned enterprises and military-controlled companies in Sudan. “These risks arise from, among other things, recent actions undertaken by Sudan’s Sovereign Council and security… Read More ›
Iraq signs defense deals with France & US
In a news report, Iraq’s state news agency INA reported, Baghdad has signed defense contracts with the Washington and Paris towards the import of advanced weapons which will strengthen its artillery. The report citing a senior military commander said, long-range… 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 ›
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 ›
China aware of economic consequences if it invades Taiwan
In a statement U.S. Deputy Secretary of State Wendy Sherman said, sanctions imposed on Russia should give China a “good understanding” of the consequences should it provide material support to Moscow. The “range of sanctions” and export controls on Russia… Read More ›
Unfriendly countries will pay for LNG supplies in Rubles: Putin
In a statement Russian President Vladimir Putin said, unfriendly countries will have to pay for gas in rubles. Following the announcement European gas prices soared since the move will exacerbate the region’s energy crunch. Western nations led by the United… Read More ›
US Britain kick off talks to strengthen trade ties
British and U.S. officials have kicked off a two-day event aimed at strengthening trade in a move that underscores greater transatlantic cooperation. The development comes at a time when Western countries are increasing pressure on Russia over its move to… Read More ›
US weighs dropping Iran’s IRGC from terror blacklist midst demands for crude oil
As per a source familiar with the matter at hand, the United States is considering removing Iran’s Revolutionary Guards from its foreign terrorist organization blacklist in return for Iranian assurances for reining in its elite force. According to the source,… Read More ›