Washington, July 27 (IANS) US President Donald Trump on Monday strongly defended Turkey as a key American ally and signalled that he would not allow objections from Israel or other countries to dictate US decisions on arms sales, including the possible sale of F-35 fighter jets to Ankara.Speaking to reporters aboard Air Force One en route to Michigan, Trump was asked whether Israeli Prime Minister Benjamin Netanyahu opposed the sale of F-35 stealth fighters to Turkey and whether the issue would …
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New Delhi, July 27 (IANS) India’s engineering goods exports rose 21 per cent YoY to $11.48 billion in June, up from $9.51 billion a year earlier, driven by strong demand from the United States, Germany, China, Singapore and Oman, a statement said on Monday.The statement from EEPC India said that engineering exports to Oman surged over five‑fold year‑on‑year to $258.97 million.The United States remained the top destination in June with shipments of $1.95 billion, and shipments to China ju…
Mumbai, July 26 (IANS) Finance Minister Nirmala Sitharaman said on Sunday that while the Middle East conflict has led to an increase in the country’s petroleum and fertiliser subsidy bill due to the spike in global prices, the government has an adequate resource buffer to manage the situation without any changes in the Budget estimates for 2026-27. Speaking at the NDTV Profit Business Leadership Awards function here, the Finance Minister said, “I have kept buffers which can take care of it and…
Mumbai, July 26 (IANS) The Indian stock market is expected to remain driven by global cues in the coming week, with investors closely tracking the US Federal Reserve’s interest rate decision, a fresh round of June quarter earnings, movements in crude oil prices and developments in the Middle East. Market participants will also keep an eye on foreign fund flows and the rupee, as elevated geopolitical risks continue to influence sentiment.The benchmark indices ended the previous week with sharp lo…
Baghdad, July 25 (IANS) A booby-trapped drone was shot down on Saturday over Erbil, the capital of Iraq’s semi-autonomous Kurdistan region, a Kurdish security source said. The drone was intercepted in the afternoon by the air defence system at the US Consulate in Erbil, with no casualties reported, the source told Xinhua on condition of anonymity.Erbil has come under a series of drone attacks in recent days, with the US Consulate and the international coalition base near Erbil International Ai…
Washington, July 25 (IANS) The White House on Friday (local time) reaffirmed that President Donald Trump expects Saudi Arabia to normalise relations with Israel and join the Abraham Accords as part of a broader understanding surrounding a proposed civil nuclear agreement with the kingdom, underscoring that the administration sees the issue as central to its Middle East strategy.Speaking to reporters outside the White House ahead of the White House Correspondents’ Dinner, Deputy White House Chief…
Washington, July 25 (IANS) US President Donald Trump said Saudi Arabia will have to join the Abraham Accords before the United States moves ahead with a civilian nuclear agreement with the kingdom, publicly linking the long-discussed deal to Riyadh’s formal normalisation of relations with Israel.Speaking after announcing a milestone in the administration’s civilian nuclear programme, Trump said the proposed agreement with Saudi Arabia would move forward only if the kingdom became part of the reg…
Mumbai, July 24 (IANS) India’s foreign exchange reserves rose by $1.08 billion to $676.237 billion for the week ended July 17, extending their upward trend, according to data released by the Reserve Bank of India (RBI) on Friday.The latest increase follows a gain of $964 million in the previous reporting week, when the country’s forex reserves climbed to $675.157 billion.The RBI’s weekly statistical supplement showed that the country’s foreign exchange reserves continued to strengthen after reco…
Baghdad, July 24 (IANS) Five drones were shot down near Erbil International Airport in northern Iraq’s Kurdistan region on Friday morning, while a sixth crashed in a nearby agricultural area, a local security source said.The source told Xinhua news agency that a total of six drones targeted Erbil, the capital of Iraq’s semi-autonomous Kurdistan region. Five were shot down near the airport, while the sixth crashed, sparking a fire in crops and grass. Civil defence teams were dispatched to extingu…
Seoul, July 24 (IANS) Seoul stocks snapped their three-day winning streak to plummet nearly 6 per cent on Friday, as escalating tensions in the Middle East sapped risk appetite. The local currency rose against the greenback.The benchmark Korea Composite Stock Price Index (KOSPI) fell 406.27 points, or 5.72 percent, to 6,690.62 after falling as low as 6,650.41.The sharp decline triggered the country’s bourse operator to suspend program trading for five minutes in early trading, reports Yonhap new…