August 1, 2025 10:24 PM

India buys oil based on global market offerings: MEA

India sources its oil purchases based on global market offerings to meet its energy needs, Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal said on Friday. Commenting on media reports that some Indian oil companies have stopped taking oil from Russia, Jaiswal said: "You are aware of our broad approach to energy sourcing requirements, that we look at what is available in the market and the prevailing global situation. We are not aware of any specifics." He also indicated that Ind...

August 1, 2025 11:02 PM

Putin, facing Trump deadline, signals no change in Russia’s stance on Ukraine

Russian President Vladimir Putin said on Friday that Moscow hoped for more peace talks with Ukraine but that the momentum of the war was in its favour, signalling no shift in his stance despite a looming sanctions deadline from Washington. U.S. President Donald Trump has said he will impose new sanctions on Moscow and countries that buy its energy exports - of which the biggest are China and India - unless Russia moves by August 8 to end the 3-1/2 year war. He has expressed mounting frustratio...

July 31, 2025 11:52 PM

Trump wants deal to end Russia’s war in Ukraine by August 8, US tells UN

U.S. President Donald Trump has made clear that he wants a deal to end Russia’s war in Ukraine by August 8, the United States told the United Nations Security Council on Thursday. “Both Russia and Ukraine must negotiate a ceasefire and durable peace. It is time to make a deal. President Trump has made clear this must be done by August 8. The United States is prepared to implement additional measures to secure peace,” senior U.S. diplomat John Kelley told the 15-member council. Trump said...

July 31, 2025 11:44 PM

US appeals court scrutinizes Trump’s use of tariffs as trade deadline looms

U.S. appeals court judges sharply questioned on Thursday whether President Donald Trump's tariffs were justified by the president's emergency powers, as lawyers for states and businesses challenging the measures argued he exceeded his authority. The U.S. Court of Appeals for the Federal Circuit in Washington, D.C., is considering the legality of "reciprocal" tariffs that Trump imposed on a broad range of U.S. trading partners in April, as well as tariffs imposed in February against China, Canad...

July 31, 2025 10:05 PM

Trump’s envoy meets Netanyahu for Gaza aid, ceasefire push

U.S. special envoy Steve Witkoff met Israeli Prime Minister Benjamin Netanyahu on Thursday in a bid to salvage Gaza truce talks and tackle a humanitarian crisis in the enclave, where a global hunger monitor has warned that famine is unfolding. Shortly after Witkoff's arrival, President Donald Trump posted on his Truth Social network: "The fastest way to end the Humanitarian Crises in Gaza is for Hamas to SURRENDER AND RELEASE THE HOSTAGES!!" Indirect ceasefire talks between Israel and Palestin...

July 31, 2025 8:39 PM

Trump tariffs face key test at US appeals court

A U.S. appeals court on Thursday will review President Donald Trump's power to impose tariffs, after a lower court said he exceeded his authority with sweeping levies on imported goods. The U.S. Court of Appeals for the Federal Circuit in Washington, D.C., will consider the legality of "reciprocal" tariffs that Trump imposed on a broad range of U.S. trading partners in April, as well as tariffs imposed in February against China, Canada and Mexico. A panel of all of the court's active judges, e...

July 31, 2025 9:10 AM

US President Trump confirms India-US trade talks continue despite 25 per cent tariff threat

President Donald Trump has said that India and the US were still negotiating a trade deal despite his threat to impose a 25 per cent tariff, and a final decision may be known by the end of the week. "We're talking to India now, we'll see what happens," he said on Wednesday, hours after he had threatened the 25 per cent tariffs and the 100 per cent penalty for buyers of Russian energy he had proposed. He said that India, which he asserted has one of the highest tariffs in the world, was now "wil...

July 30, 2025 10:33 PM

Trump says US to impose 25% tariff on India from August 1

U.S. President Donald Trump on Wednesday imposed a 25% tariff on goods imported from India starting August 1, as well as an unspecified penalty for buying Russian arms and oil - moves that could strain relations with the world's most populous democracy. The U.S. decision singles out India more severely than other major trading partners, and threatens to unravel months of talks between the two countries, undermining a key strategic partner of Washington’s and a counterbalance to China. "While...

July 30, 2025 8:57 PM

Fed to hold rates steady despite Trump’s push for big cuts

The Federal Reserve is expected to leave interest rates unchanged on Wednesday, even as President Donald Trump continued to push the U.S. central bank to cut borrowing costs. Trump, who last week made a rare presidential visit to the Fed's headquarters in Washington as part of a campaign to pressure Fed Chair Jerome Powell, used the release of second-quarter economic growth numbers to argue for lower rates in order to "let people buy, and refinance, their homes!" In a post on his Truth Social ...

July 29, 2025 10:23 AM

Trump says he is not seeking summit with Xi, but may visit China

U.S. President Donald Trump said on Tuesday that he was not seeking a summit with Chinese President Xi Jinping, but added that he may visit China at Xi's invitation, which Trump said had been extended. "I may go to China, but it would only be at the invitation of President Xi, which has been extended. Otherwise, no interest!," Trump said on Truth Social. Aides to Trump and Xi have discussed a potential meeting between the leaders during a trip by the U.S. president to Asia later this year, sou...