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Trump's plan to revitalise Venezuela's oil industry faces major hurdles

President Donald Trump's plan to take control of Venezuela's oil industry and ask American companies to revitalise it after capturing President Nicolas Maduro in a raid isn't likely to have a significant immediate impact on oil prices. Venezuela's oil industry is in disrepair after years of neglect and international sanctions, so it could take years and major investments before production can increase dramatically. But some analysts are optimistic that Venezuela could double or triple its current output of about 1.1 million barrels of oil a day to return to historic levels fairly quickly. While many are reporting Venezuela's oil infrastructure was unharmed by US military actions, it has been decaying for many, many years and will take time to rebuild, said Patrick De Haan, who is the lead petroleum analyst at gasoline price tracker GasBuddy. American oil companies will want a stable regime in the country before they are willing to invest heavily, and the political picture remained .

US-Venezuela conflict unlikely to affect India trade: GTRI report

The US-Venezuela conflict will have a negligible impact on India's trade with the South American country, think tank GTRI said on Sunday. On January 4, American forces carried out a large military operation in Venezuela, capturing President Nicolas Maduro and his wife and taking them to the US to face various charges, including narco-terrorism and drug trafficking. "India faces negligible impact, as trade with Venezuela has collapsed under sanctions, with crude imports down 81.3 per cent in FY2025 and overall bilateral trade remaining marginal," the Global Trade Research Initiative (GTRI) Founder Ajay Srivastava said. For India, he said, the Venezuelan disturbance is unlikely to have any material economic or energy impact. Although India was a major buyer of Venezuelan crude in the 2000s and 2010s, bilateral engagement has weakened sharply since 2019 due to US sanctions, which forced India to cut oil imports and scale back commercial activity to avoid secondary sanctions, he added.

US returns to WTO reform debate, but on terms that unsettle the system

The US' memorandum is revealing of the various ways in which Washington now believes - to an extent across parties - that the WTO is not working properly

Newsmakers@2025: People behind the year's firsts, farewells, flashpoints

From historic breakthroughs and leadership changes to legacy battles and cultural reckonings, people who shaped the year

2025: When multilateralism weakened, but global trade remained resilient

In 2025, multilateral trade rules weakened as the US raised tariffs, yet global trade stayed resilient, led by strong supply chains, China's leverage and India's adaptive policy response

Caribbean crisis: US actions in Venezuela threaten India's economy

Mr Trump's claim that Mr Maduro is emptying his prisons and illegally flooding the US with criminal elements and that the country is a major source of drug trafficking lacks foundation

US peace plan for Ukraine are moving ahead constructively, says Russia

A Kremlin envoy says peace talks on a US-proposed plan to end the nearly four-year war in Ukraine were pressing on "constructively in Florida. The talks are part of the Trump administration's monthslong push for peace that also included meetings with Ukrainian and European officials in Berlin earlier this week. The discussions are proceeding constructively. They began earlier and will continue today, and will also continue tomorrow, Kirill Dmitriev told reporters Saturday, according to Russian state news agency RIA Novosti. Dmitriev met with US President Donald Trump's envoy Steve Witkoff and Trump's son-in-law Jared Kushner in Miami, the agency reported. Ukrainian President Volodymyr Zelenskyy said on Saturday that much will depend on the US posture after discussions with the Russians. This came a day after Ukraine's chief negotiator said his delegation had completed separate meetings in the United States with American and European partners. Trump has unleashed an extensive ...

US weekly jobless claims fall as labour market remains stable in December

Initial claims for state unemployment benefits dropped 13,000 to a seasonally adjusted 224,000 for the week ended December 13, the Labor Department said on Thursday

US core inflation unexpectedly eases to slowest pace since 2021

The report was complicated by the federal government shutdown, which prevented the BLS from collecting much of the October price data

Venezuela inflation soars 500% as Trump intensifies pressure on Maduro

The inflation rate soared to 556 per cent in the 12 months through Dec. 17, up from 219 per cent at the end of June and 45 per cent in 2024, according to a weekly index compiled by Bloomberg News

Trump announces $1,776 'Warrior Dividend' for troops amid inflation fears

Trump announced the plan Wednesday during a prime-time address from the White House meant to extol his accomplishments this year and assuage Americans increasingly worried about their cost of living

US approves up to $11 bn arms sale to Taiwan, risking China backlash

The total value of the sales is up to $11.154 billion, according to a separate statement from Taiwan's Defense Ministry

Trump Media to merge with TAE in $6 bn deal to build nuclear fusion company

Upon completion of the deal, shareholders of each company will own about 50% of the combined firm on a fully diluted equity basis

US steps back as global leader, sees continuity for India in Indo-Pacific

The new US national security strategy signals a retreat from global dominance while reaffirming continuity in India's role in Indo-Pacific security and Quad cooperation

US pauses $40 bn tech deal with UK over digital rules, food standards

Britain hailed the visit as proof of close ties and Prime Minister Keir Starmer's ability to work with Trump on trade and technology

Zelenskyy drops Nato bid ahead of peace talks with US and Europe

Zelenskyy said on Sunday that the US, and European and other partners' security guarantees instead of NATO membership were a compromise on Ukraine's side

US' National Security Strategy 2025 raises more questions than it answers

National Security Strategy 2025 adds more questions, not answers

India not part of US-led nine-nation semicon supply chain coalition

The US has launched Pax Silica, a nine-member coalition to secure the semiconductor supply chain from minerals to AI infrastructure. India, building its chip ecosystem, has been left out

Thailand and Cambodia hold border talks as Trump's mediation looms

Hundreds of Cambodian workers also gathered on the Thai side of the crossing in a bid to leave, but the official said it was unlikely to reopen on Thursday

$1 million for US citizenship? Inside Trump’s new ‘Gold Card’ visa

The United States has officially launched the Trump administration’s new “Gold Card” visa, a replacement for the long-running EB-5 investor route. Here’s what it means, who qualifies