Category «International»

Oil prices rising as the European Union prepares to impose ban on Russian petroleum

Oil prices rising

Oil prices gained on Tuesday, extending gains from the previous session, as the European Union firmed up plans to increase sanctions on Russia this week, with Germany indicating that it was willing to support an immediate oil embargo. At 0234 GMT, Brent crude prices were up 25 cents, or 0.2 percent, to $107.83 a barrel, …

 European Union and India agreed to form a Trade and Technology Council.

India and European Union

On Monday, India and the European Union (EU) decided to form a Trade and Technology Council, a strategic mechanism to address the issues of assuring trusted technology and security in the face of rapid geopolitical change – a move that is expected to strengthen their strategic partnership. The decision to form such a council will …

Russia-Ukraine war threatening developing economies, warns UN

Russia-Ukraine war

A U.N. task force is warning in a new report that Russia’s war against Ukraine threatens to devastate the economies of many developing countries that are now facing even higher food and energy costs and increasingly difficult financial conditions. U.N. Secretary-General Antonio Guterres launched the report Wednesday stressing that the war is supercharging a crisis …

China reports 1,366 new local Covid-19 infections in last 24 hours

China reports 1 366 new local Covid-19

The Chinese mainland reported 1,366 new locally-transmitted COVID-19 infections in the last 24 hours, the National Health Commission said Monday. In addition, China’s strict lockdown in Shanghai is affecting global supply chains. Of the local confirmed cases reported Sunday, 836 were in Jilin, 425 in Shanghai, and 16 in Fujian, according to Xinhua News Agency. …

Indian authorities rescue Pakistani student stranded in war-hit Ukraine

Indian authorities rescue Pakistani student

Amid escalating tensions between Russia and Ukraine, a Pakistani student stranded in the war-hit country was rescued by the Indian authorities. According to sources, Pakistan’s Asma Shafique, who was rescued by the Indian authorities, is now en route to Western Ukraine for further evacuation out of the country. She will be reunited with her family …

Russian President Putin allows firms to pay foreign creditors in ruble

Putin allows firms to pay foreign creditors in ruble

Russia and Russian companies will be allowed to pay foreign creditors in rubles, according to a decree signed by President Vladimir Putin on Saturday, as a way to stave off defaults while capital controls remain in place. The decree establishes temporary rules for sovereign and corporate debtors to make payments to creditors from “countries that engage in hostile …

India skips resolution to call for UN General Assembly session on Ukraine

India skips resolution

India abstained from a procedural vote taken in the UN Security Council to call for a rare special emergency session of the UN General Assembly on Russia’s aggression against Ukraine. The resolution was adopted with 11 votes in favor, paving the way for the General Assembly to meet on the crisis as soon as Monday. India, …

European Union plans $23 billion to check China’s reach in S Africa

European Union plans $23 billion

The European Union is working on a 20 billion-euro ($22.7 billion) financing package to support African transport networks, as well as energy, digital, education and health projects to counter China’s reach in the continent. Member states, however, have yet to commit to financing the infrastructure plans, according to officials familiar with the discussions. The bloc’s plan includes …

FIFA launches Talent Development Scheme, aiding member associations

FIFA launches Talent Development

FIFA has launched an innovative FIFA Talent Development Scheme (TDS), offering bespoke assistance to member associations (MAs) to help them achieve their full potential and continuing the measures taken to reduce the disparity in the level of football between different regions of the world. TDS is part of FIFA’s collaborative work with MAs to increase global competitiveness. World …

US in final phase of evacuations from Kabul; Taliban seize 3 airport gates

By Administrator_ India Capital Sands US forces are in the final phase of leaving Kabul, ending two decades of involvement in Afghanistan, and just over 1,000 civilians at the airport remain to be flown out before troops withdraw, a Western security official said on Sunday. The country’s new Taliban rulers are prepared to take control of the …