Washington, May 2 (IANS) The US administration has bypassed congressional review to offer arms sales worth over 8.6 billion US dollars to Israel, Qatar, Kuwait and the United Arab Emirates. Among the items were advanced precision kill weapon systems, air and missile defence replenishment services and an integrated battle command system, according to the state department, reports Xinhua news agency.Meanwhile, US President Donald Trump told lawmakers that the war against Iran has “terminated,” as …
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Mumbai, March 25 (IANS) Gold and silver prices witnessed a strong surge on Wednesday amid easing tensions in the West Asia conflict.On the Multi Commodity Exchange (MCX), gold futures (April 2) advanced as much as Rs 5,658 or about 4 per cent to an intraday high of Rs 1,44,570 per 10 grams by 10:26 am. The yellow metal was later trading at Rs 1,44,410, up Rs 5,498 or 3.96 per cent.Similarly, silver futures (May 5) jumped around 6 per cent or Rs 13,228, hitting an intraday high of Rs 2,14,500 per…
New Delhi, March 12 (IANS) Lok Sabha Leader of Opposition (LoP) Rahul Gandhi, on Thursday, flagged the issue of LPG shortages hitting the hotel industry, in the wake of West Asia crisis and claimed that this was the “beginning of pain” that will only aggravate in days to come. Speaking in Lok Sabha over ‘LPG crisis’, the Congress MP took potshots at the Union government over its alleged surrender to the US administration’s diktats and asked how could the US President Donald Trump decide “from wh…
Seoul, Feb 27 (IANS) South Korea’s decision to allow global tech giant Google to transfer government-supplied domestic high-precision map data overseas seems to be tied to Seoul’s efforts to address US concerns over non-tariff barriers, industry observers said on Friday.Earlier in the day, the government approved Google’s request to transfer 1:5,000-scale high-precision map data to its overseas facilities, contingent on supplementary measures to address security concerns, reports Yonhap news age…
New Delhi, Feb 22 (IANS) The tariffs collected from various jurisdictions by the US administration range from $160-175 billion (Chinese companies have paid the highest likely), and the refund could be a ‘mess’ but it would also be a psychological deterrent in imposition of future tariff structure, according to a new SBI Research report.US President Donald Trump has now raised global tariffs to 15 per cent, invoking Section 122 of the Trade Act of 1974, a move that escalates his trade offensi…
Washington, Feb 7 (IANS) US President Donald Trump signed an executive order to reshape how the United States sells weapons abroad, aiming to rebuild domestic manufacturing, cut red tape and speed delivery of American-made arms to key partners and allies.The White House said the order establishes an “America First Arms Transfer Strategy” to ensure the US defence industrial base remains the “Arsenal of Freedom” for the United States and its partners.Under the order, US arms transfers must…
Mumbai, Jan 28 (IANS) Gold and silver prices continue to scale record highs on Wednesday, amid strong buying demand, weakening dollar, and rising geopolitical tensions, raising safe haven demand.MCX gold February futures rose 2.97 per cent to Rs 1,62,387 per 10 grams around 11.30 am. Meanwhile, MCX silver March futures rose 6.21 per cent to Rs 3,78,401 per kg.International markets also saw gold and silver touching records as caution grew due to ongoing policy uncertainty, fresh tariff threats, a…