Data reveals the EU's significant role in Russia's fossil fuel revenues, surpassing India's contribution since the Ukraine conflict began. Despite Western.. IndiaTimes
India has doubled down on its decision to continue purchasing discounted Russian crude oil despite U.S. President Donald Trump's remarks suggesting New Delhi may halt such imports. Indian state-owned refiners reaffirmed that sourcing oil from Russia remains a strategic, price-driven choice essential for the country’s energy security, given its 85% crude import dependence. Officials emphasized that Russian oil is not under international sanctions and purchases comply with the G7/EU price cap mechanism, ensuring global markets remain liquid and prices stable. Sources argue that India's imports prevented oil prices from soaring above the March 2022 peak of $137 a barrel amid OPEC+ cuts. Meanwhile, reports of suspended purchases were dismissed, with officials highlighting the EU’s own high intake of Russian LNG. India insists its decisions are guided by national interest while contributing positively to global energy stability, even as Washington hints at possible penalties.
#IndiaOilImports #RussianOil #TrumpTariffs #EnergySecurity #GlobalOilPrices #RussianCrude #OilTradeTensions #IndiaEnergyPolicy #USIndiaRelations #BrentCrude #OPECPlusCuts #PriceCapMechanism #RussianLNG #OilMarketStability #IndiaDefiesTrump #OilSupplyCrisis #GlobalEnergyCrisis #IndianRefiners #USRussiaTensions #OilImportsNews
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Conservative leader Kemi Badenoch said: “We just heard that inflation is up again, the worst in the G7. We left him with 2% inflation. We have borrowing up, unemployment up, taxes are up (..) his budget last year had high taxes. That’s why the economy is contracting.” Sir Keir Starmer replied: “I think of the working people across this country who put in every day and don’t get back what they deserve, and that’s who we’re working for. That’s who we’re fixing the country (for).”
Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The geopolitical stage is set for a major confrontation as the BRICS alliance prepares for its 2025 summit in Brazil. The bloc, which will include ten member nations, is openly challenging the long-standing economic hegemony of the United States. With members like China, Russia, and Brazil leading the charge, BRICS now represents a formidable force, accounting for 45% of the global population and 35% of the world's GDP. The group's primary objective is to reduce its dependency on the U.S. dollar by promoting trade in local currencies and developing alternative financial systems.
The tension has escalated dramatically following a direct threat from former U.S. President Donald Trump. He warned that any nation aligning with BRICS' anti-dollar policies would face severe consequences, including a blanket 10% tariff with "no exceptions." This aggressive stance is a clear signal that the U.S. views the rise of BRICS as a direct threat to its ability to impose sanctions and control global financial networks like SWIFT.
In response to the mounting criticism and Trump's threats, China's Foreign Ministry spokesperson, Mao Ning, has publicly pushed back. While rejecting claims that BRICS is an "anti-American" coalition, she firmly stated that the mechanism is not targeted at any single country. However, she also reiterated China's long-standing opposition to "tariff wars and trade wars," sending a clear message to Washington. This high-stakes diplomatic battle between the established G7 powers and the rising BRICS alliance could reshape the future of the global economy.
#BRICS
#DonaldTrump
#USChinaRelations
#WorldNews
#Geopolitics
#BreakingNews
#DeDollarization
#OneindiaNews
#TradeWar
#InternationalNews
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Trump Vs BRICS: In a move set to rattle global markets, former President Donald Trump has issued a severe warning to the BRICS nations and their allies. He threatens to impose a blanket 10% tariff on any country adopting what he terms "anti-American" policies backed by the bloc. This declaration comes after the 2025 BRICS Summit in Brazil, where the member nations, now numbering ten, issued a joint condemnation of recent US-Israel strikes on Iranian nuclear facilities, calling them "illegal."
The BRICS bloc, now representing 45% of the global population and 35% of the world's GDP, has become a significant geopolitical force. In their summit, they also criticized the West's "double standards" on global terror, specifically citing the Pahalgam attack in Kashmir as an example. This direct reference brings the conflict to India's doorstep. Trump claims the tariff letters for 12 countries are already "signed and ready," though sources suggest this could be a strategic bluff to test the bloc's unity.
This escalating tension is rooted in BRICS's core mission: to reduce dependence on the U.S. dollar. With their internal trade hitting $1 trillion in 2025 through local currency systems, the bloc, heavily influenced by China and Russia, is seen as a direct challenge to America's sanctions power and its dominance via institutions like the IMF and G7. For Trump, the bloc's growing anti-West stance and expanding economic influence represents a primary threat to American global leadership, setting the stage for a potential economic war.
#BRICS
#DonaldTrump
#USTariff
#BreakingNews
#WorldNews
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U.S. President Donald Trump has ignited a global trade storm by raising tariffs on Canadian imports to 35%, accusing Ottawa of failing to curb fentanyl and drug flows into America. Prime Minister Mark Carney defended Canada’s efforts, but Trump claimed negotiations fell short. The new rate—up from 25%—comes amid broader tariffs hitting dozens of countries.
Despite the USMCA shielding nearly 90% of Canadian exports, key goods like dairy, wood, and leather may still be taxed. Trump spared Mexico for now but warned that other nations—including Taiwan, India, Laos, and even Switzerland—face harsh levies, some as high as 41%. Critics warn of soaring consumer prices and economic disruption, but the White House insists the tariffs are "rebuilding the greatest economy in history." With global trade talks in limbo and retaliations expected, this marks Trump’s boldest move yet in his battle to reset world commerce.
#TrumpTariffs #CanadaTradeWar #USCanadaTensions #35PercentTariff #GlobalTradeCrisis #DrugPolicy #USMCA #TrumpNews #FentanylCrisis #MexicoTrade #IndiaTariff #TaiwanSanctions #Laos40PercentTariff #TradeDeficit #TrumpTradePolicy #MarkCarney #WhiteHouseOrders #EconomicShockwave #TrumpVsWorld #TradeWar2025
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A shocking new report reveals Canada has secretly supplied weapons to Israel amid the Gaza conflict, contradicting its stated export freeze. Activist researchers traced at least 13 arms-linked flights from Toronto, many via civilian carriers like Air Canada and Lufthansa. Items shipped included F-35 parts, radar gear, and ammunition. Elbit Systems is identified as a major recipient. The exposé surfaces just as PM Mark Carney announces recognition of Palestine, admitting Israeli settlement expansions have rendered negotiations "no longer tenable."
#CanadaIsrael #Palestine #ArmsExports #GazaGenocide #CanadianHypocrisy #ElbitSystems #MilitaryLeaks #DoubleStandards #HumanRights #CarneySpeech #WeaponShipments #TorontoFlights #CivilianFlightsUsed #IsraelCanadaTies #ExposeCanada #WarProfiteering #F35Parts #RadarExports #WestBank #MiddleEastCrisis #ActivistReport #GazaUnderAttack #InternationalLaw #DefenceDeals #BreakingNews #CanadaPolitics #CanadianComplicity
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In a seismic shift in foreign policy, Canada has announced it will formally recognise the State of Palestine at the 80th UN General Assembly session in September 2025. Prime Minister Mark Carney declared the move essential to preserve hopes of a two-state solution—calling current efforts "eroded before our eyes." The decision follows similar recognitions by France and the UK, creating a powerful bloc pushing for Palestinian statehood. However, Carney made the recognition conditional—insisting on PA reforms, 2026 elections excluding Hamas, and full demilitarisation. Israel has blasted the decision, calling it a "distorted campaign of international pressure" and warning it legitimises Hamas's October 7 atrocities. Palestinian President Mahmud Abbas hailed the move as “historic.” The tension between international recognition and Israeli resistance could reshape global diplomacy on the conflict.
#Canada #Palestine #Israel #UNGeneralAssembly #TwoStateSolution #MarkCarney #PalestinianState #Gaza #Hamas #Abbas #MiddleEast #IsraelPalestine #PeaceProcess #UNGA2025 #France #UK #Ottawa #Jerusalem #Diplomacy #BreakingNews
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Amid escalating trade hostilities from Trump’s high‑tariff agenda, Canada is forging a bold new path. Industry Minister Mélanie Joly announced Ottawa’s plan to defend jobs and supply chains by intensifying economic diplomacy and forging trade ties beyond the U.S. “While the U.S. becomes weaker,” Joly declared, “we will become stronger.”
With Washington threatening a sweeping 35% tariff starting August 1—and even mooting 50% levies on copper and 200% on pharmaceuticals—Canada is accelerating deals with the EU and diversifying its export strategy. Prime Minister Mark Carney called urgent cabinet and provincial meetings to map out the response and signal unity. Ottawa remains poised not just to withstand the U.S. onslaught but to come out fortified. As global unpredictability grows, Canada is betting big on economic resilience and a multipolar trade future.
#canadatrade #trumptariffs #economicdiplomacy #tradewar #diversification
#ottawastrength #usacceleration #eutrade #supplychain #globalmarkets
#protectjobs #markcarney #melaniejoly #canadianexports #tariffthreat
#northamerica #economicstrategy #canadagetsstronger #trumpeconomics #worldtrade
Tensions between the U.S. and Canada are boiling over as President Donald Trump announces a massive 35% tariff on Canadian imports, set to take effect August 1. Canadian Prime Minister Mark Carney vows to protect workers and industries, warning of strong retaliation. With Trump linking the tariffs to Canada’s fentanyl response and trade imbalances, Carney dismisses the accusations and pledges to stand firm. Is North America heading toward a full-blown trade war?
#TradeWar #TrumpTariffs #CanadaVsUS #MarkCarney #USCanadaTensions #TariffDeadline #EconomicCrisis #FentanylCrisis #Protectionism #BreakingNews
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Hungary's PM says Europe risks being 'sidelined' if Trump-Putin talks happen
Orbán, a harsh critic of the European Union, suggested a Europe-Russia summit but one not led by leaders of EU institutions.
READ MORE : http://www.euronews.com/2025/08/08/hungarys-pm-says-europe-risks-being-sidelined-if-trump-putin-talks-happen
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Credit: euronews (in English) Duration: 01:00Published
Sir Keir Starmer and Prime Minister of India, Narendra Modi have a cup of tea during a business showcase event at Chequers, the country house of the serving Prime Minister of the UK, near Aylesbury in Buckinghamshire. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
In a dramatic and unprecedented move, Israeli Prime Minister Benjamin Netanyahu approved major airstrikes on Houthi targets in Yemen while flying to the United States aboard the “Wing of Zion” aircraft. According to the PM’s office, Netanyahu received critical operational updates and gave the final go-ahead for "Operation Black Flag" while en route to Washington for a high-stakes meeting with Donald Trump. The operation was launched in response to continuous missile attacks by the Iran-backed Houthis on Israel. Israeli Defense Minister Israel Katz confirmed that the strikes, involving 20 fighter jets, targeted key Houthi infrastructure, ports in Hudaydah, and the Galaxy Leader ship, which was seized by the Houthis in 2023. The coordinated attack is being described as a major blow to the Houthi rebels. The Houthis have responded swiftly and fiercely. While their media outlets confirmed the Israeli strikes, they retaliated by launching a massive wave of missiles towards Israel, triggering air defense systems across the country. In a claim that has created serious panic, RT News reported that at least one of the Houthi missiles successfully hit its target inside Israel.
This sudden escalation opens a dangerous new front in the Middle East, coming only weeks after a fragile ceasefire was established between Israel and Iran. With Israel now engaged in a direct, full-blown conflict with the Houthis in Yemen, the entire region is on high alert for what happens next.
#Israel #Yemen #Houthi #IDF #MissileStrike #MiddleEastConflict #IsraelDefenseForces #HouthiMissiles #IsraelVsHouthi #MissileAlert #RedAlert #Hebron #EinGedi #DeadSea #WestBank #IsraelUnderAttack #IsraelNews #IranCeasefire #MilitaryStrike #IsraelKatz #Gaza #Iran #SaudiArabia #RTNews #BreakingNews #MissileDefense #IsraelUpdates #MiddleEastWar #WarNews #DefenseNews #LiveUpdates
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Spanish PM’s former aide Santos Cerdán detained without bail in corruption probe
The case involving Santos Cerdán is the latest and arguably the most serious in a series of scandals that forced Prime Minister Pedro Sánchez to issue public apologies and deflect calls from his political opponents for a snap election.
READ MORE : http://www.euronews.com/2025/06/30/spanish-pms-former-aide-santos-cerdan-detained-without-bail-in-corruption-probe
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Credit: euronews (in English) Duration: 00:47Published
Prime Minister Sir Keir Starmer, Chancellor Rachel Reeves and Business Secretary Jonathan Reynolds visit a business in Nuneaton to promote the government’s new industrial strategy Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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