Washington, May 1 (IANS) President Donald Trump on Friday said that negotiations with the Iranians remain uncertain, warning he is “not satisfied” with current proposals while keeping both diplomacy and military action on the table. “They want to make a deal, but I’m not satisfied with it, so we’ll see what happens,” Trump told reporters before departing on Marine One.He described Iran’s leadership as fragmented and unable to reach a consensus. “They all want to make a deal, bu…
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New Delhi, April 28 (IANS) The Centre on Tuesday said there is no proposal at present to increase retail fuel prices, seeking to calm concerns amid rising geopolitical tensions in West Asia that have impacted global energy markets.Speaking at an inter-ministerial briefing, Sujata Sharma, Joint Secretary in the Ministry of Petroleum and Natural Gas, said petrol and diesel prices will remain unchanged for now, even as the government continues to monitor the evolving situation.“LPG, petroleum and…
New Delhi: The current stand-off between the United States and Iran has moved beyond a conventional strategic contest. It reflects a structural deadlock where both sides are holding positions that cannot be sustained for long. The United States continues to rely on financial restrictions, control over international channels, and pressure through sanctions. Iran has responded with refusal to renegotiate on nuclear conditions and by strengthening its reliance on geographical leverage, particularly…
Sydney, April 15 (IANS) Virgin Australia said on Wednesday it will reduce flights in the current quarter and flagged increased fares to offset higher jet fuel costs. In an update to the Australian Securities Exchange (ASX), Virgin Australia said that its fuel costs in the second half of 2026 are expected to be up to 40 million Australian dollars (about 28.5 million US dollars), higher than previously forecast, as a result of a surge in oil prices driven by the conflict in the Middle East, report…
Washington, April 14 (IANS) US President Donald Trump said Iran “will not have a nuclear weapon” and confirmed that a US naval blockade had begun, as he signalled pressure on Tehran to return to negotiations.Speaking during an unscheduled press gaggle outside the Oval Office, Trump said the dispute with Iran centred on nuclear capabilities. “It was over the fact that they will never have a nuclear weapon, Iran… Iran will not have a nuclear weapon,” he said.He added that Tehran had not …
New Delhi, April 11 (IANS) Amid escalating geopolitical tensions, the Asian Development Bank (ADB) has lowered Bangladesh’s economic growth forecast to 4 per cent for the current fiscal year ending in June, down from its earlier projection of 4.7 per cent, citing higher fuel prices and disruptions in global supply chains, according to a new report.According to the report by The Daily Star, the ADB has projected economic growth of 4.7 per cent for the next fiscal year (2026–27).The bank has r…
Manila, April 10 (IANS) The ongoing conflict in the Middle East has amplified global geopolitical risks and intensified downside risks for economic growth of developing Asia and the Pacific, according to a new report released by the Asian Development Bank (ADB) on Friday.The Asian Development Outlook April 2026 projected that under an early stabilization scenario, regional growth of developing Asia and the Pacific is expected to moderate to 5.1 per cent in both 2026 and 2027, from 5.4 per cent i…
Washington, April 8 (IANS) The World Bank on Wednesday said India is expected to clock a 7.6 per cent GDP growth in the financial year 2025-26, while it has raised the country’s growth forecast for 2026-27 to 6.6 per cent from 6.3 per cent earlier.The World Bank Group, in its twice-a-year regional outlook report, stated that “the growth outlook is driven primarily by India’s performance, underpinned by robust domestic demand as well as tariff cuts and recent trade agreements, including the f…
Washington, April 6 (IANS) Global energy markets and supply chains are coming under pressure as tensions over Iran and the Strait of Hormuz escalate, with oil prices rising sharply and fears mounting over disruptions to one of the world’s most critical shipping routes.Oil prices climbed after US President Donald Trump threatened strikes on Iranian energy infrastructure if Tehran does not reopen the Strait of Hormuz, according to CNN.“Oil prices pushed higher Sunday after President Donald Tru…
New Delhi, April 4 (IANS) The government is working to ensure minimal disruption to supply chains amid global uncertainties, while remaining prepared for a potential dip in exports and imports, Commerce Secretary Rajesh Agrawal said on Saturday.Addressing the press conference on the sidelines of a ‘Chintan Shivir’ session in Hyderabad, Agrawal told the media that the initiative aims to bring together government and industry stakeholders to identify challenges and chart a clear roadmap.The offi…