New Delhi, May 10 (IANS) The blockade of Strait of Hormuz, for about two months by the Iranian and US forces in the Persian Gulf has resulted in escalation of oil prices and its cascading effect on economies worldwide, however, one point being increasingly debated by nations lining the Indian oceans is that — should they also put similar restraints and limitations on their sea-routes. The Hormuz Strait has been at the centre of US-Iran war, with their animosity turning into a nightmare for econ…
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New Delhi, May 2 (IANS) China-aligned hackers have targeted government and defence sectors across South, East and Southeast Asia, along with a NATO member in Europe, in a fresh cyber espionage campaign, a report has claimed.A report by The Hacker News highlighted that the activity has been attributed to a threat cluster tracked as ‘SHADOW-EARTH-053’, which researchers assess has been active since at least December 2024, and shares overlaps with previously identified groups such as Earth Alux and…
Coimbatore, April 27 (IANS) Tender coconut exports from Pollachi in Tamil Nadu’s Coimbatore district have been severely disrupted over the past two months, with shipments to key international markets coming to a halt due to escalating freight charges and prolonged transit delays linked to the Iran–Israel conflict. The sharp increase in shipping costs, coupled with uncertainty over delivery timelines, has rendered exports commercially unviable for traders.As a result, several consignments have …
New Delhi, April 10 (IANS) The Ministry of External Affairs (MEA) on Friday announced the appointment of senior diplomat Pranay Verma as India’s next Ambassador to the Kingdom of Belgium, with concurrent accreditation to the European Union.In a press release, the MEA said, “Shri Pranay Verma (IFS:1994), presently High Commissioner of India to the People’s Republic of Bangladesh, has been appointed as the next Ambassador of India to the Kingdom of Belgium. He will also be accredited as Ambass…
Seoul, March 21 (IANS) South Korea is in close talks with countries, including Iran, to ensure a swift normalisation of the Strait of Hormuz after Tehran said it is ready to allow Japan-bound vessels to pass through the sea route virtually closed in the wake of the Middle East crisis, a foreign ministry official said on Saturday.”The government is closely monitoring developments in the Middle East while exploring ways to protect our citizens and secure energy transport routes,” the official said…
Seoul, March 21 (IANS) South Korea is in close talks with countries, including Iran, to ensure a swift normalisation of the Strait of Hormuz after Tehran said it is ready to allow Japan-bound vessels to pass through the sea route virtually closed in the wake of the Middle East crisis, a foreign ministry official said on Saturday.”The government is closely monitoring developments in the Middle East while exploring ways to protect our citizens and secure energy transport routes,” the official said…
Tokyo, Feb 24 (IANS) China’s policy towards Japan is not merely a tactical misstep but a “strategic blunder” rooted in a misunderstanding of how influence is shaped and consolidated in Asia. By viewing Japan primarily as an adversarial player instead of a competitive partner within a shared regional framework, Beijing is limiting its own strategic options, a report said on Tuesday.“China’s approach towards Japan has reached an inflection point in the past few months since the autumn of 202…
Washington, Jan 23 (IANS) The United States on Friday announced a new round of sanctions targeting what it described as Iran’s “shadow fleet,” as Washington moved to further restrict revenue streams it says are being used to repress the Iranian people and finance destabilising activities abroad.The Treasury imposed sanctions on eight entities and nine vessels involved in transporting Iranian petroleum and petroleum products, including liquefied petroleum gas.Treasury Secretary Scott Bessen…
New Delhi, Jan 13 (IANS) India is working to expand the global reach of its homegrown digital payment system, Unified Payments Interface (UPI), to more countries, with a special focus on East Asia, Financial Services Secretary M Nagaraju said on Tuesday.Speaking at the Global Inclusive Finance India Summit here, Nagaraju said UPI has played a key role in driving India’s digital payments growth and now accounts for nearly 50 per cent of all digital transactions in the country.He added that the …