Morning news wrap: Canada PM says G7 summit invite to PM Modi 'made sense,'; Tesla stock crash wipes out $380bn in 2025 & more

India's FIERY Response To Trump's Warning | India Stands Firm On Russian Oil

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 ~HT.410~GR.125~ED.103~

Starmer defends rising inflation figures at PMQs

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

China FIRES BACK at U.S. Over Trump's Tariff Penalty on BRICS Allies, Warns Against Tariff War 2.0

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 Also Read BRICS Leaders Push For India And Brazil's Inclusion As Permanent Members Of UN Security Council :: https://www.oneindia.com/international/brics-leaders-push-for-india-and-brazils-inclusion-as-permanent-members-of-un-security-council-7794021.html?ref=DMDesc Trump Calls Musk’s America Party Plan ‘Ridiculous’ And ‘Unworkable’ :: https://www.oneindia.com/international/trump-calls-musk-s-america-party-plan-ridiculous-and-unworkable-7793443.html?ref=DMDesc There Should Be No Hesitation In Imposing Sanctions Against Terrorists: PM Modi At BRICS :: https://www.oneindia.com/international/there-should-be-no-hesitation-in-imposing-sanctions-against-terrorists-pm-modi-at-brics-7793415.html?ref=DMDesc ~HT.410~GR.125~

Trump Vs BRICS: Trump Declares Economic WAR On BRICS Allies, Warns 10% Tariffs On ‘Anti-U.S Bloc’

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 #Geopolitics #TradeWar #OneindiaNews #USDollar #Dedollarization Also Read Trump Calls Musk’s America Party Plan ‘Ridiculous’ And ‘Unworkable’ :: https://www.oneindia.com/international/trump-calls-musk-s-america-party-plan-ridiculous-and-unworkable-7793443.html?ref=DMDesc There Should Be No Hesitation In Imposing Sanctions Against Terrorists: PM Modi At BRICS :: https://www.oneindia.com/international/there-should-be-no-hesitation-in-imposing-sanctions-against-terrorists-pm-modi-at-brics-7793415.html?ref=DMDesc America Will Be Richer, Safer, and Prouder: Trump As Big, Beautiful Bill Passes Congress :: https://www.oneindia.com/international/trump-s-big-beautiful-bill-passes-congress-in-big-win-for-us-president-011-7790919.html?ref=DMDesc ~ED.103~HT.408~GR.125~

Trump to meet Modi as India-U.S. Tariff War comes to a head? PM Modi to visit U.S. in September

Prime Minister Narendra Modi is expected to visit the U.S. next month for the UNGA summit, with a possible meeting with Donald Trump to address strained trade relations. Ties have soured after Trump imposed a combined 50% tariff on Indian goods over market access disputes and Russian oil imports. India has rejected U.S. criticism, accusing Washington of double standards. If talks progress, Modi may invite Trump to India for the October Quad summit. Global tensions, including the Ukraine war, will also shape discussions. #Modi #Trump #IndiaUSRelations #TradeWar #Tariffs #UNGA #ModiTrump #QuadSummit #GlobalTrade #USIndiaTies #RussianOil #Geopolitics #TradeTalks #USPolitics #IndiaPolitics #BilateralTies #Diplomacy #BreakingNews #EconomicPolicy #TariffTensions #DoubleStandards #UkraineWar #ModiInUS #TariffWar #InternationalRelations #WorldNews #USIndiaTrade #EconomicDiplomacy #ForeignPolicy #TariffTrouble #ModiVsTrump Also Read Amid Tariff Row, PM Modi Likely To Visit US Next Month For UNGA Session :: https://www.oneindia.com/international/amid-tariff-row-pm-modi-likely-to-visit-us-next-month-for-unga-session-7828289.html?ref=DMDesc President Trump to Push Putin for Peace in Ukraine During Alaska Meeting :: https://www.oneindia.com/international/president-trump-to-push-putin-for-peace-in-ukraine-during-alaska-meeting-7828161.html?ref=DMDesc Why Is Trump Really Upset With India? PM Modi's 35-Minute Call :: https://www.oneindia.com/international/why-is-trump-really-upset-with-india-pm-modis-35-minute-call-011-7827177.html?ref=DMDesc

Trump ACCUSES Pelosi of MILLION-DOLLAR Stock Scams | Trump Threatens Jail Over $413M Portfolio

Donald Trump has launched a blistering attack on former House Speaker Nancy Pelosi, accusing her and her husband, Paul Pelosi, of insider stock trading worth hundreds of millions. In a fiery online post, Trump mocked the couple’s uncanny market success, alleging they used confidential policy information for profit. He cited controversial trades in Visa, Tesla, and Microsoft tied to major legislative and government contract decisions. With Pelosi’s portfolio valued between $264M and $413M, Trump is calling for accountability—and hinting that jail could be on the horizon. #Trump #NancyPelosi #PaulPelosi #InsiderTrading #PelosiStocks #StockMarket #PoliticalScandal #TrumpVsPelosi #WallStreet #PelosiPortfolio #BreakingNews #PoliticalDrama #Congress #WealthInPolitics #StockTrading #PelosiHusband #PoliticalFeud #PelosiScandal #PelosiWealth #TrumpAttack #InsiderTradingScandal #PoliticalNews #PelosiUnderFire #PelosiWealthGap #FinanceScandal #CapitolHill #PoliticalCorruption #PelosiWatch #TrumpRant #PelosiStory Also Read Did India’s S-400 Strike On Pakistan’s F-16s Trigger Trump’s Tariff War On New Delhi? Netizens Wonder :: https://www.oneindia.com/india/did-india-s-s-400-strike-on-pakistan-s-f-16s-trigger-trump-s-tariff-war-on-new-delhi-netizens-wonde-7824869.html?ref=DMDesc Trump Again Credits Himself for India-Pakistan Peace; Armenia, Azerbaijan Want Nobel for Him :: https://www.oneindia.com/international/trump-again-credits-himself-for-india-pakistan-peace-armenia-azerbaijan-want-nobel-for-him-7824761.html?ref=DMDesc US President Trump Says He Will Meet Russian Counterpart Putin On August 15 :: https://www.oneindia.com/international/us-president-trump-says-he-will-meet-russian-counterpart-putin-on-august-15-7824671.html?ref=DMDesc

The GRAND Tesla Entry Into India | Musk’s EV Giant Opens First Showroom in India at the KC, Mumbai

Tesla has officially entered India, launching its first showroom at Mumbai’s BKC with the Model Y on display. Priced at ₹61 lakh on-road, the Model Y marks Tesla’s push into India’s luxury EV space. Initially imported from Berlin, Tesla’s India debut has sparked praise and criticism—Donald Trump slammed the move as “unfair” due to U.S. export tariffs. While Indian officials welcome the launch, local automakers fear disruption. Tesla’s arrival may accelerate EV adoption and reshape India’s electric vehicle policy landscape. #TeslaIndia #ElonMusk #ModelYIndia #TeslaLaunch #BKCShowroom #EVIndia #TrumpVsTesla #ElectricVehicles #TeslaMumbai #TeslaIndia #TeslaExperienceCentre #LuxuryEV #MakeInIndia #IndianEVMarket #GigaBerlin #EVRevolution #TeslaNews #AutoIndustry #PolicyShift #TrumpSlamsTesla #BreakingNews #EVAdoption #India2030 #GlobalAutoNews #ElectricMobility #TeslaInAsia Also Read Tesla Model Y Launched In India: Price, Features, Variants, Colours, Deliveries & More :: https://www.oneindia.com/india/tesla-model-y-car-price-in-india-check-car-deliver-waiting-period-variants-features-colours-ot-7801577.html?ref=DMDesc Linda Yaccarino Resigns As CEO Of X After Two Transformative Years :: https://www.oneindia.com/international/linda-yaccarino-resigns-as-ceo-of-x-after-two-transformative-years-7796371.html?ref=DMDesc Elon Musk’s Starlink Cleared To Operate In India, Services To Begin Soon :: https://www.oneindia.com/international/elon-musk-s-starlink-cleared-to-operate-in-india-services-to-begin-soon-7796229.html?ref=DMDesc ~HT.318~ED.103~GR.125~

Trump VS Musk HEATS-UP | ‘RIDICULOUS! IT WON’T WORK’ | Trump slams Elon Musk’s America Party

Donald Trump lashed out at Elon Musk after the Tesla CEO launched his new “America Party,” calling the move “ridiculous” and branding Musk a “train wreck.” Trump warned Musk’s third-party push would hand Democrats an advantage and undermine GOP unity. Musk fired back, condemning both major parties as corrupt and vowing to shake up Congress in 2026. The clash escalates as Trump celebrates his anti-EV mandate bill and accuses Musk of personal lobbying and political chaos. #TrumpVsMusk #AmericaParty #ElonMusk #DonaldTrump #PoliticalShakeup #ThirdPartyPolitics #EVMandate #Tesla #TruthSocial #USPolitics #2026Elections #MuskTrainwreck #Uniparty #MuskVsTrump #CorruptSpending #GOPChaos #Congress2026 #OnePartyState #FreedomMovement #EVBill #PoliticalFeud #ElonInPolitics #TrumpRant #MuskPartyLaunch #NewPoliticalParty #BreakingPolitics #BillionaireBattle Also Read US President Donald Trump Announces 25% Tariffs On Japan, South Korea :: https://www.oneindia.com/international/us-president-donald-trump-announces-25-tariffs-on-japan-south-korea-7794333.html?ref=DMDesc Trump Calls Musk’s America Party Plan ‘Ridiculous’ And ‘Unworkable’ :: https://www.oneindia.com/international/trump-calls-musk-s-america-party-plan-ridiculous-and-unworkable-7793443.html?ref=DMDesc 'Giving You Back Your Freedom': Elon Musk Launches America Party :: https://www.oneindia.com/international/giving-you-back-your-freedom-elon-musk-launches-america-party-7792741.html?ref=DMDesc ~HT.410~ED.420~