New Delhi, May 18 (IANS) Bitcoin slid to its weakest level in May on Monday over escalating macroeconomic concerns tied to the US‑Iran conflict, causing overall crypto market weakness.The world’s largest cryptocurrency dropped to $76,711 before it recovered some losses to trade at $76,985.11 as of 2.25 pm. Major digital assets such as Ether and Solana also traded lower.Nearly $500 million of long positions were liquidated within about 15 minutes during early Asian trading hours, according to…
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New Delhi, May 18 (IANS) Global crude oil prices extended gains on Monday as escalating tensions between the US and Iran fuelled concerns over supply disruptions after a nuclear facility in the United Arab Emirates was attacked.International oil benchmark Brent crude rose as much as 2.37 per cent or $2.60 to $111.86 per barrel.Meanwhile, US West Texas Intermediate (WTI) crude advanced 3.11 per cent, or $3.28, to $108.70 per barrel.In the domestic markets, crude oil futures (June 18) on Multi Com…
Riyadh, May 18 (IANS) The Saudi Ministry of Defence announced the interception of three drones after they entered the kingdom’s airspace from Iraq.The ministry’s official spokesperson, Brigadier General Turki Al-Maliki, said on social media platform X that the ministry reserves the right to respond at the appropriate time and place, Xinhua news agency reported.He noted that it will take and implement all necessary operational measures to respond to any attempted attack targeting the kingdom’s so…
New Delhi, May 16 (IANS) Union Home Minister Amit Shah on Saturday hailed the Narcotics Control Bureau’s (NCB) breakthrough against transnational synthetic drug trafficking networks, under Operation RAGEPILL, seizing 227.7 kg of Captagon or ‘Jihadi Drug’ worth Rs 182 crore from a Syrian national. In a post on X, HM Shah said, “Glad to share that through ‘Operation RAGEPILL’, our agencies have achieved the first-ever seizure of Captagon, the so-called ‘Jihadi Drug’, worth Rs182 cr…
Colombo, May 16 (IANS) The Pakistani government’s pompous display of diplomatic prowess may help secure quick last-minute loans, but is unlikely to remain sustainable in the long run.Unless the leaders commit to austerity measures, curb wasteful spending, and focus on addressing structural issues through reforms, the economy risks becoming all “noise and no substance”, a report said on Saturday.”Many things are not alright with Pakistan’s economy: the deepening foreign exchange crisis, p…
New Delhi, May 15 (IANS) In a unique initiative aimed at promoting fuel conservation and energy efficiency, the Delhi State Haj Committee on Friday encouraged Haj pilgrims travelling to Saudi Arabia to use the Delhi Metro Airport Express Line instead of buses and large vehicle convoys while heading to the Indira Gandhi International Airport.As part of the initiative, Haj pilgrims travelled from New Delhi Metro Station to IGI Airport Terminal-3 through the Airport Express Line, extending support …
Bengaluru, May 15 (IANS) BJP MP and former Karnataka Chief Minister Basavaraj Bommai on Friday strongly criticised the Siddaramaiah government’s decision to permit hijabs in schools, terming it an “irresponsible appeasement-driven decision” that could create division among students on religious grounds.In a press statement, referring to global developments on the issue, Bommai claimed that in countries such as Saudi Arabia and Iran, women and girls are increasingly moving away from wearing…
Washington, May 14 (IANS) The diplomatic strain between Pakistan and the United Arab Emirates (UAE) appears to be more than a minor setback, with the damage to the bilateral partnership now increasingly seen as enduring. The trust that once underpinned the relationship, based on the expectation of Pakistan’s support for Abu Dhabi during critical moments, appears to have eroded, a report has highlighted.According to the US-based think tank, Middle East Forum, the UAE has long supported Pakistan…
Beijing/Tehran, May 13 (IANS) Chinese components, including sensors, voltage converters and semiconductors, have been identified in Iranian drones, raising concerns over the transfer of sanctioned dual technology. China is believed to be assisting Iran with intelligence on the US military deployment in the Gulf and also supplying surveillance systems while enabling Tehran to expand its weapons capabilities, a report said on Wednesday.”China supplying the theocratic Islamic regime in Iran with we…
New Delhi, May 13 (IANS) External Affairs Minister (EAM) S Jaishankar held a meeting with his South African counterpart Ronald Lamola in New Delhi on Wednesday, discussing various aspects of strategic partnership and multilateral issues of mutual interest. “Glad to meet FM Ronald Lamola of South Africa this evening. Reviewed different aspects of our Strategic Partnership. Also discussed multilateral issues of mutual interest. Agreed on the need to intensify our interactions through institutional…