Mumbai, Jan 20 (IANS) Silver prices on COMEX exchange touched record high at $94.740 an ounce on Tuesday, as investors rushed to buy safe‑haven assets while US–Europe trade dispute intensified after President Donald Trump continued tariff rhetoric tied to Greenland.Gold prices also traded near record highs, as MCX gold February futures rose 1.27 per cent to Rs 1,47,490 per 10 grams. Meanwhile, MCX silver March futures rose 1.75 per cent to Rs 3,15,720 per kg.Spot gold price touched $4,671.54…
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New Delhi, Jan 19 (IANS) The European Union is preparing to tighten its stance on Chinese-made equipment by pushing for a mandatory phase-out from critical infrastructure, including telecom networks and solar energy systems, a report has said.The move could directly impact Chinese companies such as Huawei and ZTE, which are currently used by several European telecom operators, according to a report by the Financial Times.At present, the EU has a voluntary framework in place to restrict so-called…
Brussels, Jan 19 (IANS) The European Union is considering hitting Washington with 93 billion euros ($107.68 billion) worth of tariffs or restricting American companies from the bloc’s market, in response to US President Donald Trump’s tariff threats over Greenland, according to Financial Times.Citing officials involved in the preparations, the Financial Times said the retaliatory measures are being drafted to give European leaders leverage ahead of pivotal meetings with Trump at the World Econom…
The Hague, Jan 19 (IANS) Dutch Foreign Minister David van Weel on Sunday condemned the US imposition of tariffs on European countries over Greenland, calling it an act of “blackmail.”The minister said on WNL op Zondag, a Sunday talk show on the Dutch public broadcaster NPO, that it was unacceptable to use trade tariffs as a tool to exert political or military pressure, describing the measure as “blackmail.”Van Weel said there is still room for the measure to be withdrawn before it takes effect o…
Brussels, Jan 19 (IANS) The transatlantic rift over Greenland deepened remarkably on Sunday as Europe mounted a rare, unified rebuke to punitive tariff threats from US President Donald Trump.In the strongest coordinated response so far, the eight countries directly targeted by the proposed tariffs — Denmark, Finland, France, Germany, the Netherlands, Norway, Sweden, and the United Kingdom — issued a joint statement declaring “full solidarity” with Denmark and Greenland, Xinhua news agency repo…
Berlin, Jan 18 (IANS) Eight European countries — Germany, Denmark, Finland, France, the Netherlands, Norway, Sweden and the United Kingdom — said on Sunday that tariff threats undermine transatlantic ties and “risk a dangerous downward spiral”. A joint statement from Denmark, Finland, France, Germany, the Netherlands, Norway, Sweden and the United Kingdom expressed commitment to strengthening Arctic security as a shared transatlantic interest and offered support to the people of Greenland.In a…
Melbourne, Jan 18 (IANS) World Number 3 Alexander Zverev started his Australian Open campaign on a high note. The German tennis star shook off an early setback to produce a composed four-set win over Canada’s Gabriel Diallo in the first round at the Rod Laver Arena on Sunday. Zverev recovered after dropping the opening set in a tense tiebreak to register a 6-7(7), 6-1, 6-4, 6-2 victory, advancing to the second round after asserting his authority with superior serving and baseline consistency.T…
Brussels, Jan 18 (IANS) Bernd Lange, chair of the European Parliament’s Committee on International Trade, urged the European Commission to trigger the EU’s anti-coercion instrument after US President Donald Trump threatened additional tariffs on a group of European countries over Greenland.”It is also now high time to use the Anti-Coercion Instrument (ACI) … and formulate a clear EU response,” Lange said in a LinkedIn post, urging the Commission to start the ACI procedure immediately, Xinhua n…
Bhubaneswar, Jan 17 (IANS) Samajwadi Party (SP) President Akhilesh Yadav on Saturday met BJD chief Naveen Patnaik, even as he described the interaction as a casual meeting. The meeting, however, has sparked speculation about the possibility of shaping a joint strategy to challenge the Bharatiya Janata Party (BJP) through democratic processes and public support.Describing the Biju Janata Dal (BJD) chief as a senior and respected leader dedicated to the welfare of the poor, Akhilesh, while talking…
New Delhi, Jan 16 (IANS) As global markets enter a reflationary phase, India is poised to benefit as the country is projected to contribute over 15 per cent of global incremental GDP growth between 2025 and 2030, a report showed on Friday.The report from Equirus Wealth said that India has room for growth as global investors reassess concentrated exposure to the US AI trade and seek diversification across Asia.It highlighted that foreign institutional investor (FII) outflows of nearly $18 billion…