Page 1243 - World News
Indians in war zone should be brought back: India to Russian officials
According to MEA reports, two Indian nationals who had been recruited by the Russian Army have recently been killed in the ongoing conflict between Russia and Ukraine
 "Indians in war zone should be brought back: India to Russian officials")
G7 Summit in Italy: 'PM Modi to play important role', says Indian envoy
Envoy Vani Rao said that PM Modi will also follow up on some of the key issues that were there during India's G20 presidency
 "G7 Summit in Italy: 'PM Modi to play important role', says Indian envoy")
Ceasefire push, war aid talks on cards as G7 summit begins today in Italy
The wording by the G-7, specifically name-checking Biden, appears designed to corner PM Benjamin Netanyahu into formally accepting the cease-fire proposal on which he's also been equivocating
 "Ceasefire push, war aid talks on cards as G7 summit begins today in Italy")
China's consumer inflation holds steady in May, factory deflation eases
Weak consumption in China has kept a lid on consumer prices since 2023 despite many rounds of support measures as confidence remains low in the face of a protracted property sector crisis
 "China's consumer inflation holds steady in May, factory deflation eases")
Over 40 Indians among 49 killed in devastating fire in southern Kuwait
The fire started in a kitchen in the six-storey building in Mangaf area in Kuwait's southern Ahmadi Governorate in the early hours of Wednesday, officials said.
 "Over 40 Indians among 49 killed in devastating fire in southern Kuwait")
US to widen sanctions to curb semiconductor sales to Russia's war machine
Russia's war, now in its third year, has seen a renewed offensive and intensified aerial bombardment of Ukrainian cities
 "US to widen sanctions to curb semiconductor sales to Russia's war machine")
Pakistan govt announces nearly 15% hike in defence Budget for 2024-25
Last year, the Pak government allocated Rs 1,804 billion for defence, which was higher than the Rs 1,523 billion allocated the previous year
 "Pakistan govt announces nearly 15% hike in defence Budget for 2024-25")
EU to impose up to 25% additional tariffs on imported Chinese EVs
The move comes as European automakers are being challenged by an influx of lower-cost EVs from Chinese rivals
 "EU to impose up to 25% additional tariffs on imported Chinese EVs")
US inflation broadly cools in encouraging sign for Federal Reserve
The so-called core consumer price index - which excludes food and energy costs - climbed 0.2% from April, Bureau of Labor Statistics figures showed
 "US inflation broadly cools in encouraging sign for Federal Reserve")
EU to imposes tariffs of up to 48% on electric vehicle imports from China
China has threatened retaliation across agriculture, aviation and cars with large engines. Beijing has already launched an investigation into some types of European liquor.
 "EU to imposes tariffs of up to 48% on electric vehicle imports from China")
US Fed leaves interest rates unchanged at 5.25%-5.5%; sees 1 cut this year
The rate-setting panel unanimously voted to hold the policy rate at the 23-year high mark
 "US Fed leaves interest rates unchanged at 5.25%-5.5%; sees 1 cut this year")
Gold gains on soft inflation data ahead of Fed's interest rate decision
Spot gold climbed 0.92% to $2,337.47 per ounce by 1700 GMT. U.S. gold futures for August delivery were up 1.2% at $2,354.60
 "Gold gains on soft inflation data ahead of Fed's interest rate decision")
More than 80 passengers killed in latest boat accident: Congo President
It was the latest deadly boat accident in the central African country where overloading is often blamed, including in February when dozens lost their lives after an overloaded boat sank.
 "More than 80 passengers killed in latest boat accident: Congo President")
Kuwait Emir vows to hold those responsible for fire that killed 49 people
Around 50 people, the majority of Indians, were killed in the fire early Wednesday in a six-storey building housing labourers in southern Kuwait, according to the latest reports
Kuwait fire: Kerala CM writes to EAM, seeks Centre's intervention
Over 40 people, majority of them Indians, were killed in a devastating fire in a building housing labourers in southern Kuwait, central government officials said on Wednesday
Bangladeshi Nobel laureate Muhammad Yunus indicted on embezzlement charges
Along with Muhammad Yunus, 13 others have also been accused of embezzling more than $2 million from the dividends of the employees of a telecom company
 "Bangladeshi Nobel laureate Muhammad Yunus indicted on embezzlement charges")
Fed likely to scale back plans for rate cuts as inflation persists
The Fed's rate policies typically have a significant impact on the costs of mortgages, auto loans, credit card rates and other forms of consumer and business borrowing
 "Fed likely to scale back plans for rate cuts as inflation persists")
UK economy flatlines in April in blow to Conservatives ahead of elections
The Office for National Statistics said wet weather dampened consumer spending and construction during the month
 "UK economy flatlines in April in blow to Conservatives ahead of elections")
Elon Musk accused of 'unusual attention' by SpaceX women employees
A report by The Wall Street Journal alleges several text messages, emails, and documents, along with interviews from over 48 individuals, including the women's friends, family members, and former empl
 "Elon Musk accused of 'unusual attention' by SpaceX women employees")
Maldives faces high debt distress risk, financing challenges: World Bank
The Ministry of Finance reports that the state's debt rose by $90.8 million within the first three months of the year. The total debt had reached $8.09 billion by 2023 end
 "Maldives faces high debt distress risk, financing challenges: World Bank")