Seoul, May 26 (IANS) South Korea’s President Lee Jae Myung on Tuesday instructed officials to accelerate efforts to fulfil South Korea’s plan to acquire nuclear-powered submarines.The president made the call during a Cabinet meeting, highlighting the need to enhance the country’s self-defence capabilities amid North Korea’s growing nuclear and missile threats.In a fact sheet released after a South Korea-US summit late last year, Washington expressed support for Seoul to build nuclear-powered, …
Latest United States News & Updates
New Delhi, May 26 (IANS) Indian benchmark indices ended sharply lower on Tuesday as escalating geopolitical tensions in the Middle East weighed heavily on investor sentiment after fresh US strikes in southern Iran reduced hopes of a possible peace deal.The Nifty settled at 23,913.7, down 118 points or 0.49 per cent, while the Sensex closed at 76,009.7, declining 479.26 points or 0.63 per cent.Commenting on Nifty technical outlook, experts said that 24,000 now becomes the immediate resistance lev…
New Delhi, May 26 (IANS) Major EU member countries are working towards taking stronger measures to prevent their economies from being hit by the flood of cheap goods from countries with “industrial overcapacity” such as China, according to a media report. “A paper signed by Spain, Italy, the Netherlands, France, and Lithuania, days before a major China-focused debate in Brussels, said the bloc must respond more aggressively to ‘systemic and structural industrial overcapacity’ – phrases often…
New Delhi, May 26 (IANS) The India-led Quad, comprising India, Australia, Japan and the United States, has announced plans to mobilise up to $20 billion in combined government and private sector investment to strengthen critical minerals supply chains and reduce dependence on concentrated global sources, according to a framework released on Tuesday.Under the Quad Critical Minerals Initiative Framework, the partner countries said they intend to support the development of secure, diversified and r…
Seoul, May 26 (IANS) South Korea’s benchmark Korea Composite Stock Price Index (KOSPI) wrapped up Tuesday’s trading session above 8,000 points, as foreign investors returned to net buyers of local stocks on expectations that the United States and Iran may be nearing a deal to end the war in the Middle East.The KOSPI jumped more than 2.8 percent to open at 8,070.91 points, breaking above an intraday high of 8,046.78 points that was reached May 15, reports Yonhap news agency.The index rose as high…
New Delhi, May 26 (IANS) Despite geo-political headwinds, India’s services sector remained resilient as exports grew 13.4 per cent year‑on‑year to $37.24 billion while imports fell marginally to $16.66 billion, a report said on Tuesday.The report from B2K Analytics said strong performance in the services sector helped offset a widening merchandise trade gap driven by higher energy costs.India’s overall trade deficit, including merchandise and services, narrowed to $7.8 billion during the…
New Delhi, May 26 (IANS) US Ambassador to India Sergio Gor on Tuesday said that the Quad Foreign Ministers’ Meeting held in New Delhi on Tuesday delivered “strong, concrete results”, including the announcement of new initiatives on maritime surveillance, domain awareness, and coast guard coordination. “Quad Foreign Ministers’ Meeting delivers strong, concrete results. From enhanced maritime security to new initiatives on maritime security, port infrastructure, critical minerals, and energy res…
New Delhi, May 26 (IANS) Leaders from the BJP and its ally JD(U) on Tuesday praised Prime Minister Narendra Modi as the NDA government completed 12 years at the Centre, highlighting welfare initiatives, transparency in governance and India’s growing global stature under his leadership.Speaking to IANS, Bihar Minister Ram Kripal Yadav said the Prime Minister’s tenure had been marked by people-centric governance and welfare measures aimed at uplifting the poor.“The Prime Minister’s tenure …
New Delhi, May 26 (IANS) Japanese Foreign Minister Toshimitsu Motegi said on Tuesday that the Quad Foreign Ministers’ Meeting showcases “an unshakable and firm message” to the world that the grouping will promote practical cooperation to realise a free and open Indo-Pacific. In his opening remarks at the Quad Foreign Ministers’ Meeting in New Delhi on Tuesday, Motegi mentioned his special fondness for the Quad meeting.”I want to thank Jai for hosting this meeting. Back in 2019 September, when I …
New Delhi, May 26 (IANS) US Secretary of State Marco Rubio said on Tuesday that the Quad grouping is evolving from being a discussion forum into an action-oriented forum, where the four nations come together to discuss areas of common interest and begin to take action. In his opening remarks at the Quad Foreign Ministers’ Meeting in New Delhi on Tuesday, Rubio said that his participation in the Quad meeting immediately after being sworn in showcases the US’ commitment to the grouping.”Over the l…