New Delhi/Hanoi, April 24 (IANS) President Lee Jae Myung’s state visits to India and Vietnam this week highlighted South Korea’s growing focus on securing energy supplies and strengthening raw material supply chains as global markets face mounting uncertainty from the conflict in the Middle East.Lee wrapped up the six-day trip Friday after holding summits aimed at deepening economic and strategic cooperation with the leaders of the two fast-growing economies, seen as critical to Seoul’s efforts …
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Washington, April 12 (IANS) The head of the International Monetary Fund has warned that the Iran war has triggered a “large” global economic shock, disrupting energy supplies and pushing up prices worldwide, with the impact expected to linger well into next year. Kristalina Georgieva, Managing Director of the IMF, said the scale and duration of the disruption would determine the long-term fallout, but cautioned that the effects are already widespread.“What I can tell you is that this shock…
New Delhi, March 25 (IANS) In a significant demonstration of political consensus amid rising tensions in West Asia, the government convened an all-party meeting on Wednesday to brief opposition and allied parties about the ongoing conflict involving Iran, Israel, and the United States. Union Minister Kiren Rijiju, speaking to reporters after the session, described the discussions as detailed and productive, highlighting the unity displayed by parties across the political spectrum.Rijiju stated t…
Seoul, March 24 (IANS) South Korean President Lee Jae Myung spoke Tuesday with New Zealand Prime Minister Christopher Luxon by phone and they shared their thoughts on the current situation unfolding in the Middle East, Cheong Wa Dae said. The two leaders discussed the repercussions that the ongoing US-Israeli war against Iran is having on the global economy and energy supplies, and shared with each other the set of policy measures they have put in place to stabilize livelihoods in their countrie…
Washington, March 19 (IANS) US President Donald Trump said that the United States “knew nothing” about Israel’s strike on Iran’s South Pars gas field and warned Tehran of massive retaliation if it “unwisely” targets Qatar again, after Iran struck a portion of Qatar’s LNG facility following the attack.Trump on Wednesday night (Local time) said Israel had “violently lashed out” at the South Pars Gas Field, “out of anger for what has taken place in the Middle East,” but stress…
Chennai, March 10 (IANS) Tamil Nadu Chief Minister M.K. Stalin on Tuesday chaired a high-level review meeting at the State Secretariat in Chennai to assess the potential impact of the ongoing US–Iran conflict on the State and to formulate appropriate response measures. The meeting focused on the possible economic and logistical consequences of the conflict, particularly disruptions in the supply of petroleum products and liquefied petroleum gas (LPG), which could affect households, businesses …