London, May 5 (IANS) The International Maritime Organisation (IMO) has said that vessels operating near the Strait of Hormuz should continue to exercise “maximum caution”, following reports of a US operation to “guide” stranded ships out of the area.In a written response to Xinhua news agency, an IMO spokesperson on Monday said: “We are aware of the reports but do not have further details. We continue to urge ships to practice maximum caution in the area.”US President Donald Trump said on Sunday…
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New York, May 5 (IANS) The conflict between Iran and the US was on the brink of reigniting as Washington’s ‘Project Freedom’ to free ships stranded in the Strait of Hormuz set off attacks by both sides, with Tehran also striking neighbours. US Central Command (CENTCOM) Chief, Admiral Brad Cooper, said on Monday that Iran sent a barrage of cruise missiles and drones at ships in the Strait and the US Navy retaliated shooting them down.He added that six Iranian speedboats that threatened ships were…
New Delhi, May 4 (IANS) India has outperformed China in attracting strong global capital flows even as global equity markets rebounded in April after a decline in March, according to a report.According to an analysis of Quant Mutual Fund, the recovery in global markets was driven by easing geopolitical tensions and improved investor sentiment. The report noted that India’s nominal GDP growth continues to outpace China’s, positioning it as a preferred destination for global investors.It added t…
Mumbai, May 4 (IANS) Gold and silver prices declined up to 1 per cent on Monday amid signs of easing geopolitical tensions between the US and Iran, following remarks by US President Donald Trump.On the Multi Commodity Exchange (MCX), gold contracts for June 5 opened at Rs 1,51,150, down Rs 382 or 0.25 per cent from the previous close of Rs 1,51,532.At around 11.30 a.m., gold was trading at Rs 1,50,623, lower by Rs 729 or 0.48 per cent. The yellow metal touched an intraday low of Rs 1,50,400, a d…
Seoul, May 3 (IANS) South Korean Finance Minister Koo Yun-cheol on Sunday called for strengthening regional cooperation in responding to growing external economic uncertainty from the US-Israeli war against Iran, the country’s Finance Ministry said.Koo made the call during the 29th meeting of ASEAN+3 Finance Ministers and Central bank governors held on Sunday in Samarkand, Uzbekistan, according to the Ministry.ASEAN+3 involves member states of the Association of Southeast Asian Nations (ASEAN) a…
New Delhi, May 3 (IANS) The ongoing crisis in West Asia has triggered a wider geopolitical debate over Pakistan’s role in the region. according to a report analysts and observers increasingly questioned what they describe as a “dual” or “double policy” approach in Islamabad’s foreign engagements.The debate gained traction after remarks by the External Affairs Minister S. Jaishankar, who reportedly referred to Pakistan as a “broker” in the crisis, drawing sharp reactions and renewed scrutiny of I…
Havana, May 3 (Xinhua) Cuba denounced the escalation of US military threats against the country by US President Donald Trump.”The US president escalates his threats of military aggression against Cuba to a dangerous and unprecedented scale,” Cuban President Miguel Diaz-Canel wrote on X.Diaz-Canel called on the international community and the American people to decide whether they would allow “such a drastic criminal act” to serve the interests of a small but wealthy and influential group seeking…
New Delhi, May 2 (IANS) Pakistan’s foreign exchange buffers could fall sharply to $6.8 billion by the end of 2026 and approach $1.6 billion by FY28, if the country’s current macro policies continue to collapse, a new report has said.The report from South China Morning Post said that assumed oil would average $113 a barrel in Q2 2026 before easing to $79 by year‑end, Pakistan reserves would deteriorate sharply if imports and remittances remain unchanged.The report cited analysts as saying tha…
New Delhi, May 2 (IANS) The US-based low-cost airline Spirit Airlines on Saturday said it is shutting down operations and beginning an orderly wind-down after failing to secure a financial lifeline from lenders and the US government.The airline cancelled all scheduled flights with immediate effect and suspended customer support services, informing passengers that its website now carries details on refunds and further steps, according to reports.The decision comes after negotiations over a potent…
Washington, May 2 (IANS) Iran and its allies have damaged at least 16 US military sites across eight Middle Eastern countries during the US-Israeli war with Iran starting on February 28, rendering some of those positions virtually unusable, a CNN investigation has found.The damaged facilities constitute the majority of US military sites in the region, according to the CNN report, citing a congressional aide familiar with the damage assessments.”There has been a spectrum of assessments,” a source…