Washington, Jan 19 (IANS) India is increasingly hedging rather than aligning firmly with the United States as China deepens its global trade footprint and confidence in US leadership weakens, CNN host Fareed Zakaria said, pointing to data and opinion polls that show a broader global recalibration.Speaking on Fareed Zakaria GPS, Zakaria said the shift was not about countries embracing Beijing’s political model but about reducing exposure to Washington’s unpredictability. India, he said, is am…
Latest Latin America News & Updates
Washington, Jan 19 (IANS) Brazilian President Luiz Inacio Lula da Silva criticised recent US military action in Venezuelan territory, warning that unilateral use of force erodes international law and threatens global stability.In an opinion essay in The New York Times, Lula said the US bombings in Venezuela and the capture of its president on January 3 marked “yet another regrettable chapter in the continuous erosion of international law and the multilateral order established after World War I…
New Delhi, Jan 13 (IANS) India’s automobile industry delivered a strong performance in the third quarter of FY2025–26, with all major vehicle segments reporting their highest-ever Q3 sales, driven by festive demand, policy support and improved affordability.The passenger vehicle segment recorded its best-ever Q3 sales at 12.76 lakh units in Q3, marking a sharp growth of 20.6 per cent compared with the same period last year.The segment also achieved its highest-ever calendar year sales of 44….
New Delhi, Jan 11 (IANS) While China has accumulated a massive trade surplus of $1 trillion which is often seen as a reflection of the Asian giant as a manufacturing powerhouse, the truth is that it is also an indicator of weak domestic demand, a weakening Chinese currency, and a slowing economy, according to an article.The International Monetary Fund has warned China against economic imbalances. A country of 1.4 billion people is too big to rely only on exports to ensure a high growth rate, IMF…
Washington, Jan 10, (IANS) President Donald Trump said the US-led effort to revive Venezuela’s oil sector was aimed at preventing China and Russia from expanding their strategic footprint in the Western Hemisphere.Speaking at the White House along with executives of major American and international oil companies, Trump said Beijing or Moscow would have moved quickly to dominate Venezuela’s energy resources had Washington not intervened.“If we didn’t do this, China or Russia would have be…
Seoul, Jan 9 (IANS) South Korea’s cosmetics exports hit a record high last year, driven by the global popularity of Korean culture and the country’s efforts to diversify export markets, data showed on Friday.Outbound shipments of Korean beauty products rose 12.3 percent from a year earlier to a record US$11.43 billion in 2025, according to the data from the Ministry of Food and Drug Safety, reports Yonhap news agency.By country, exports to the United States rose 15.1 per cent on-year to $2.19 bi…
Washington, Jan 9 (IANS) US Vice President JD Vance said he is “very involved” in the administration’s ongoing work on Venezuela and chairs regular meetings of White House principals, rejecting claims that he or Director of National Intelligence Tulsi Gabbard were excluded from planning for what he called “the Venezuela operation.”Asked to confirm reports that senior officials were kept out due to concerns about military involvement, Vance told reporters, “I’ve heard a couple of th…
Washington, Jan 8 (IANS) The Trump administration has laid out a three-phase roadmap for Venezuela — stabilisation, recovery, and transition — signalling that US involvement will be prolonged, and that elections are not expected in the near term, Secretary of State Marco Rubio said. Rubio told reporters that the first phase focuses on preventing chaos following the removal of Nicolas Maduro. Central to that effort, he said, is Washington’s control over Venezuelan oil exports through sanctions …
New Delhi, Jan 7 (IANS) The US strike in Venezuela and the capture of the country’s President, Nicolás Maduro, also comes as a big setback to China, at a time when the Asian giant was expanding its influence in Latin America, according to media reports.An ABC News report states that the US attack was launched just hours after Venezuelan President Maduro met a special Chinese delegation, and the timing does not seem to be a coincidence.Indicating that apart from its other goals, the US has als…
New Delhi, Jan 6 (IANS) The ongoing geopolitical tension between the United States and Venezuela does not pose any immediate risk to India and that the country’s oil import bill is unlikely to rise under present conditions, a report said on Tuesday.The report from Bank of Baroda said the import bill will remain unchanged as “global crude supplies are likely in a glut mode”, and Venezuela’s share of global production is marginal at about 1 per cent.The bank maintained that Venezuela’s prove…