World News

India Defends Russian Oil Purchases, Cites Role in Stabilising Global Energy Markets

India Defends Russian Oil Purchases, Cites Role in Stabilising Global Energy Markets

New Delhi (Rajeev Sharma): Indian oil refiners will continue to source crude oil from Russian suppliers, with procurement decisions guided by factors such as price, crude grade, inventories, logistics, and other economic considerations, sources told ANI on Saturday. Russia, the world’s second-largest crude oil producer, pumps around 9.5 million barrels per day (mb/d), almost 10% of global demand, and exports nearly 4.5 mb/d of crude oil along with 2.3 mb/d of refined products. Sources noted that fears of Russian oil being excluded from the market in 2022 drove Brent crude prices to a record US$137 per barrel in March 2022.…
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Donald Trump Reacts to India-Russia Oil Reports After Announcing Tariffs on India

Donald Trump Reacts to India-Russia Oil Reports After Announcing Tariffs on India

Washington, D.C. (Rajeev Sharma): U.S. President Donald Trump on Friday addressed reports that India may stop purchasing oil from Russia, calling it “a good step,” but noted that he was still awaiting confirmation. His comments came shortly after the United States imposed a 25 percent tariff and penalty on India, escalating trade tensions between the two nations. “I understand that India is no longer going to be buying oil from Russia. That’s what I heard, I don’t know if that’s right or not,” Trump said while speaking to reporters. “That is a good step. We will see what happens…” he…
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Trump Imposes Sweeping New Tariffs on 70 Countries, Citing Trade Emergency Powers

Trump Imposes Sweeping New Tariffs on 70 Countries, Citing Trade Emergency Powers

Washington, August 1, 2025 — In a sweeping escalation of U.S. trade policy, President Donald Trump has imposed new tariffs of up to 41% on imports from 70 countries, invoking emergency powers to justify the broad economic move. The tariffs, announced ahead of a self-imposed August 1 deadline, will officially take effect on August 7.The White House said the new levies aim to curb persistent trade deficits and promote domestic manufacturing. Trump declared the action a “necessary correction” to decades of what he termed unfair trade practices. "We’re no longer going to let other nations take advantage of American workers,"…
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White House Claims Trump Brokered Global Peace Deals, Including India-Pakistan Ceasefire

White House Claims Trump Brokered Global Peace Deals, Including India-Pakistan Ceasefire

Washington, D.C. (Rajeev Sharma): White House Press Secretary Karoline Leavitt on Thursday asserted that U.S. President Donald Trump has successfully brokered multiple peace agreements across the world, including between India and Pakistan, while renewing calls for Trump to be awarded the Nobel Peace Prize. During a press briefing, Leavitt said that President Trump has facilitated “one peace deal or ceasefire per month” since taking office. She highlighted several agreements, starting with the recent ceasefire between Thailand and Cambodia, which was announced by Malaysian Prime Minister Anwar Ibrahim, who mediated talks between Cambodian Prime Minister Hun Manet and Thailand’s acting Prime…
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Donald Trump Raises Tariffs on Canadian Goods to 35% Ahead of Deadline

Donald Trump Raises Tariffs on Canadian Goods to 35% Ahead of Deadline

Washington D.C. (Rajeev Sharma): U.S. President Donald Trump signed an executive order on Thursday increasing tariffs on Canadian goods from 25% to 35%, targeting all products not covered under the U.S.-Mexico-Canada Agreement (USMCA). The new rates will take effect on August 1, the White House confirmed. “In response to Canada’s continued inaction and retaliation, President Trump has determined it is necessary to increase the tariff on Canada from 25% to 35% to effectively address the existing emergency,” the White House said in a statement. Additionally, a 40% transshipment levy will be applied to goods routed through third countries in an…
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Kamala Harris Returns to Late-Night TV Amid Book Announcement and Political Speculation

Kamala Harris Returns to Late-Night TV Amid Book Announcement and Political Speculation

National Times Bureau, July 31, 2025: Kamala Harris is set to make her return to late-night television with an appearance on The Late Show with Stephen Colbert on Thursday, July 31. This will mark her first televised interview since the 2024 U.S. presidential election, in which she was defeated by current President Donald Trump. The timing of the interview comes just a day after Harris publicly announced that she will not be running for the position of California governor, sparking fresh speculation about her future in politics.Harris, who previously served as Vice President under Joe Biden, last appeared on Colbert’s…
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Donald Trump Announces US-Pakistan Partnership to Develop Massive Oil Reserves

Donald Trump Announces US-Pakistan Partnership to Develop Massive Oil Reserves

Washington D.C. (Rajeev Sharma): The US President Donald Trump revealed a significant development in US-Pakistan relations, announcing that the two nations have struck a deal to jointly develop Pakistan’s massive oil reserves. Taking to his Truth Social account, Trump wrote, "We have just concluded a deal with the country of Pakistan, whereby Pakistan and the United States will work together on developing their massive oil reserves. We are in the process of choosing the oil company that will lead this partnership. Who knows, maybe they’ll be selling oil to India someday!" Trump also highlighted ongoing trade negotiations with several other…
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Massive 8.8 Magnitude Earthquake Off Russia’s Kamchatka Triggers Pacific-Wide Tsunami Alerts

Massive 8.8 Magnitude Earthquake Off Russia’s Kamchatka Triggers Pacific-Wide Tsunami Alerts

National Times Bureau, July 30, 2025: A powerful 8.8 magnitude earthquake struck off the coast of Russia’s Far Eastern Kamchatka Peninsula early Wednesday, triggering tsunami waves up to 5 metres high and sparking widespread evacuation orders across the Pacific region, including in Japan, Hawaii, and other vulnerable coastal areas.The earthquake, described by Russian scientists as the strongest in the region since 1952, caused damage to buildings and injured several people in Kamchatka. Waves from the undersea quake struck Severo-Kurilsk, flooding its port, dislodging ships, and damaging a fish processing facility, though no fatalities have been reported.The U.S. Geological Survey reported…
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Trump Announces 25% Tariff on India Over Trade Barriers, Russian Ties

Trump Announces 25% Tariff on India Over Trade Barriers, Russian Ties

Washington D.C., July 30, 2025: In a sharp escalation of trade tensions, U.S. President Donald Trump has announced that India will face a new 25% tariff starting August 1, citing high tariffs, restrictive trade practices, and continued military and energy ties with Russia. In a social media post, Trump asserted that while India is considered a friend, it has imposed some of the world’s highest tariffs and maintains “strenuous and obnoxious” non-monetary trade barriers, limiting meaningful U.S.-India business engagements.The president also criticized India's longstanding purchase of military equipment from Russia and its role as one of Moscow's largest energy buyers,…
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Donald Trump Urges Caution Amid Pacific Tsunami Threat

Donald Trump Urges Caution Amid Pacific Tsunami Threat

Washington (Rajeev Sharma): Following the 8.8-magnitude earthquake near Russia’s Kamchatka Peninsula that triggered a series of powerful tsunami waves across the Pacific, U.S. President Donald Trump issued an urgent safety advisory on his Truth Social account. "Due to a massive earthquake that occurred in the Pacific Ocean, a Tsunami Warning is in effect for those living in Hawaii. A Tsunami Watch is in effect for Alaska and the Pacific Coast of the United States. Japan is also in the way. Please visit tsunami.gov for the latest information. STAY STRONG AND STAY SAFE!" Trump wrote. The U.S. National Tsunami Warning Center…
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