Seoul, June 19 (IANS) Seoul stocks traded sharply higher on Friday, buoyed by chips and other tech heavyweights, after topping the historic 9,000 landmark the previous session.The benchmark Korea Composite Stock Price Index (KOSPI) rose 200.67 points, or 2.21 percent, to 9,264.51, as of 11:20 a.m., after peaking above 9,300 at one point, reports Yonhap news agency.The index followed gains on Wall Street overnight, lead by major chipmakers, including Intel. The U.S. semiconductor company jumped a…
Latest Middle East News & Updates
Washington, June 19 (IANS) Senior Democratic Senator Mark Warner questioned the strategic value of President Donald Trump’s newly signed agreement with Iran, arguing that it leaves unresolved Tehran’s ballistic missile programme, regional proxy networks and future nuclear activities while providing the Iranian regime with significant economic relief.Warner told reporters that the memorandum of understanding signed by Trump and Iran a day earlier failed to achieve several of the objectives the ad…
Washington, June 18 (IANS) US Vice President J.D. Vance on Thursday delivered a blunt warning to critics of the Trump administration’s Iran agreement, saying that efforts to undermine the deal could jeopardise a rare opportunity to stabilise the Middle East after months of conflict. Speaking at the White House, Vance defended the agreement against criticism from some Israeli Ministers and Republican lawmakers, saying many opponents had misunderstood its terms.”So many of what I’ve read or heard …
Washington, June 18 (IANS) US Vice President JD Vance on Thursday said Gulf Arab nations strongly support the Trump administration’s Iran agreement, arguing that regional governments view it as a “transformative” opportunity to weaken Tehran’s destabilising activities and promote long-term stability in the Middle East. At a White House briefing, Vance repeatedly pointed to backing from Gulf countries as one of the strongest endorsements of the agreement, contrasting their reaction with their opp…
New Delhi, June 18 (IANS) The signing of the US‑Iran Memorandum of Understanding is a significant breakthrough that will reshape global trade dynamics and provide a macro‑economic breather for India’s export‑import community acting as a “logistical game-changer”, industry body FIEO said on Thursday.The conflict in West Asia suppressed India’s trade volume particularly with the Middle East and the US-Iran pact is expected to unlock pent‑up consumer and industrial demand, said S C Ralh…
Geneva, June 18 (IANS) The United States and Iran still plan to meet on Friday in the Buergenstock mountain resort in Switzerland for initial negotiations on the implementation of their agreement, the Swiss Foreign Ministry said on Thursday.Switzerland welcomes the signing of the Memorandum of Understanding between the United States and Iran, said the statement, calling the signing an important step toward de-escalation in the region.The statement said no further information can be provided at t…
Mumbai, June 14 (IANS) The Directorate General of Shipping (DGS) has advised shipping companies as well as maritime recruitment and placement agencies to restrict deployment of Indian seafarers to in the Middle East conflict areas until further orders, days after three Indian seafarers onboard MT Settebello were killed after the US military strike on the commercial vessel off the Oman coast.DG Shipping, in a circular, said masters of vessels operating in or transiting through the Gulf region, in…
New Delhi, June 14 (IANS) Pakistan is once again grappling with mounting inflationary pressures, with rising food, fuel and utility costs putting renewed strain on households and raising concerns over the sustainability of the country’s economic recovery, a report has said.Official data showed that short-term inflation, measured by the Sensitive Price Index (SPI), increased by 14.75 per cent year-on-year for the week ending June 4, as per Pakistan Observer report.The rise was largely driven by h…
Washington, June 13 (IANS) US President Donald Trump will travel to France next week for the G7 Summit, carrying an ambitious agenda that spans trade, artificial intelligence, global supply chains, the conflicts in Ukraine and the Middle East, and efforts to reshape what his administration describes as an imbalanced international economic order.The White House said Trump will use the June 16-18 summit in Evian, France, to engage with leaders of the world’s major industrialised democracies and a …
Tokyo, June 13 (IANS) Japan’s Prime Minister Sanae Takaichi on Saturday departed for her first trip to Europe since taking office in October. She is going to visit the UK, Italy and attend the G7 Summit in France.In the UK and Italy, Takaichi will meet the respective Prime Ministers Kier Starmer and Georgia Meloni and discuss issues such as the situation in East Asia, the Middle East, and Ukraine, while also engaging in discussions with the leaders of both countries to strengthen bilateral coope…