The iPhone maker relies heavily on TSMC, whose advanced production lines are in high demand from AI chipmakers such as Nvidia and AMD
Traffic through the Strait was light, with smaller cargo vessels passing through, hours after Trump said he had signed the deal with Iran that involved a rapid reopening of the critical waterway
Prime Minister Narendra Modi and US President Donald Trump directed their officials to work towards a balanced, mutually beneficial and commercially meaningful trade agreement at the earliest. The Ministry of External Affairs (MEA) said this on Thursday, a day after the two leaders held wide-ranging talks for the first time in 16 months on the margins of the G7 Summit in an attempt to rebuild the strained bilateral ties. US Trade Representative, Jamieson Greer, will be visiting India next week to take forward the talks on the proposed trade deal. In the meeting, Modi and Trump reaffirmed their commitment to further strengthening the India-US Comprehensive Global Strategic Partnership and advancing cooperation across all domains for the mutual benefit of the two countries and their peoples, the MEA said. "The leaders noted with particular satisfaction the significant progress made in negotiations towards an interim bilateral trade agreement and instructed their officials to work ...
Trump's support for deal has drawn attention as it appears to permit uranium enrichment, ballistic missiles and access to frozen funds-issues he had criticised as major flaws in past Iran agreements
Brazilian President Luiz Inacio Lula da Silva warned US President Donald Trump on Wednesday not to meddle in Brazil's October presidential election after Trump made his latest criticism of Brazil over judicial moves against Lula's political rivals. The remarks show the escalating tensions between Brazil and the US after the Trump administration proposed further tariffs against the South American country and recently classified two drug-trafficking groups as foreign terrorist organizations - moves that Lula opposes. Lula has frequently defended Brazil's sovereignty since Trump imposed tariffs on the country last year citing a "witch-hunt trial" against his ally, former President Jair Bolsonaro. Lula also has complained about US sanctions imposed on Supreme Court Justice Alexandre de Moraes over what the Trump administration called his politically motivated role in prosecuting Bolsonaro, who was convicted of attempting a coup to try to stay in power after losing the 2022 election to .
The US and Israel launched the war on Iran on February 28, assassinating the 86-year-old Supreme Leader Ayatollah Ali Khamenei and military leaders on the first day
While the Iranians suffered substantial losses in the war, they emerged from a confrontation with the world's most powerful military, having proved they can use economic chaos as a weapon
Economists say the peace deal spells good news for the global economy, but warn of huge risks if the deal falls through and the conflict intensifies
Trump also offered condolences over the deaths of three Indian sailors in recent US military strikes
G7 Summit: Watch Trump, Macron, Meloni and other world leaders pose for photos
Prime Minister Narendra Modi arrived here on Tuesday to attend the G7 Summit and exchange views with world leaders on key global issues.
US President Donald Trump warned Iran of severe consequences, stating that “all hell will rain down” if Tehran attempts to develop or acquire a nuclear weapon. The warning comes amid ongoing high-leve
G7 leaders welcome interim accord, call for Lebanon ceasefire and back efforts to reduce reliance on Strait of Hormuz
According to the memorandum, the US, with its regional partners, will provide at least $300 billion in reconstruction funds to Iran "for the rehabilitation and economic development."
Iran has attracted almost no significant foreign direct investment in the past four decades, frozen out of global capital markets by successive waves of US and international sanctions
Iran's ability to hurt the economy using the critical waterway can crop up again regardless of the framework agreement to be signed on Friday, the assessment revealed
The two sides agreed to the deal on Sunday and plan to formally sign it on June 19 in Switzerland, clearing the way for 60 days of talks intended to end the war for good
Draft US-Iran pact proposes sanctions relief, nuclear curbs and $300 bn aid
Israeli Prime Minister Benjamin Netanyahu told President Donald Trump last year that he was the "greatest friend Israel ever had in the White House". Now, as Trump tries to finalise a deal to end the war with Iran, he's unloading on Netanyahu with rhetoric that no other American leader has dared to use publicly. He claimed credit for Israel's existence - "without me, there would be no Israel" - and cursed his judgment in interviews. He even described him as "crazy". Netanyahu's tenure as prime minister spans four US presidents, and he's frustrated all of them at one point or another. But none has voiced that as openly as Trump, who started the conflict in tandem with Netanyahu. The tension comes as Trump criticises recent Israeli attacks in Lebanon, which threatened to jeopardise negotiations between Washington and Tehran. Trump has been pushing for a deal as he faces political blowback at home, where the war is unpopular and has driven up gasoline prices. "If Netanyahu gets in ..
Two Democratic Senators have urged President Donald Trump against granting any further exemption from US sanctions on the purchase of Russian oil, contending that there is no rationale for such a move, as the war with Iran is now over. In a statement here on Tuesday, Senators Jeanne Shaheen and Elizabeth Warren said the waiver from sanctions has only helped Russia finance its "illegal war" with Ukraine. In March, the US granted a sanctions waiver to India for the purchase of Russian oil in a bid to stabilise global oil markets as the war with Iran, which started on February 28, led to a sharp increase in crude prices. The sanctions waiver was later extended to other countries. The one-month exemption has been extended twice and expires on June 17. "Extending this license yet again would give Vladimir Putin another opportunity to reap windfall financial gains while he continues his brutal war against Ukraine," the two senators said. They said an extension would also clearly contrad