Indian airlines are bracing for higher fuel costs and longer journey times after Pakistan shut its airspace to the country’s carriers in a tit-for-tat retaliation following an attack on tourists in Kashmir last week. Air India on April 27 asked the Indian government for a “subsidy model” proportionate to the economic hit, estimating a loss […]
The ban will last from April 30 to May 23, the Indian government said in a notice. Pakistan’s Prime Minister Shehbaz Sharif told U.S. Secretary of State Marco Rubio in a phone call on Wednesday evening that he “categorically rejected Indian attempts to link Pakistan to the incident,” Sharif’s office said in a statement. He […]
“Our side is ready to sign. The Ukrainians decided last night to make some last-minute changes,” U.S. Treasury Secretary Scott Bessent told reporters at the White House. “We’re sure that they will reconsider that, and we are ready, if they are.” A Ukrainian official was on the way to Washington for the signing. But a […]
The two countries signed the accord in Washington after months of sometimes fraught negotiations, with uncertainty persisting until the last moment with word of an eleventh-hour snag. The accord establishes a joint investment fund for Ukraine’s reconstruction as Trump tries to secure a peace settlement in Russia’s three-year-old war in Ukraine. The agreement is central […]
As per details, State Department spokesperson Tammy Bruce, during a press briefing, stated that Secretary of State Marco Rubio is in contact with his counterparts in both Pakistan and India. US State Department spokesperson stated that Washington is actively working to de-escalate tensions between the two South Asian neighbors and is closely monitoring the situation […]
The move comes ahead of a Trump rally planned for Tuesday night near Detroit to mark the president’s first 100 days in office. The shift means companies paying 25 percent tariffs on car imports won’t also pay other duties, such as those on steel and aluminum, according to The Wall Street Journal, which was first […]
Industry officials have held meetings with senior members of the Trump administration, including the President, asking them to restore the tariff-free regime under the 1979 Civil Aircraft Agreement, under which the sector enjoyed a $75 billion annual trade surplus. Trump’s tariffs have ended its decades-old duty-free status. “Our government affairs team is hard at work […]
While U.S. President Donald Trump has claimed progress is being made on trade with China and many other countries, actual evidence is lacking. Treasury Secretary Scott Bessent failed on Sunday to back Trump’s assertion that tariff talks with China were underway. “The uncertainty itself is at least as damaging as the tariffs themselves, hurting the […]
China aims to dominate the artificial intelligence sector, a goal complicated by the trade standoff with Washington that could further deprive Chinese industry of certain key technologies. The world’s two leading economies are locked in an escalating tit-for-tat trade battle triggered by US President Donald Trump’s new levies on Chinese goods, which have reached 145 […]
U.S. District Judge Colleen Kollar-Kotelly in Washington ruled that the Trump administration cannot enforce parts of the order requiring federal election officials to assess whether people who are registering to vote are citizens. She declined, however, to block parts of the order that sought to force states not to count mail-in ballots received after election […]
