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Economy



US announces sweeping sanctions against Russia's 2 largest oil firms

The United States has launched its most comprehensive economic measures against Russia, targeting its two largest oil companies, Rosneft and Lukoil, as efforts to resolve the war in Ukraine remain stagnant. The sanctions, announced by Treasury Secretary Scott Bessent on October 21, 2025, represent a......

Morocco strengthens economic ties with India, focuses on trade and industrial cooperation

Morocco’s Secretary of State for Foreign Trade, Omar Hejira, has called for expanding economic and trade relations with India, emphasizing the importance of a strategic and mutually beneficial partnership. Speaking at the “Business Opportunities in India and West Asia” forum in New......

Trump's $100,000 H-1B visa fee disrupts global markets and shakes Indian IT sector

The unprecedented $100,000 fee imposed by President Donald Trump on new H-1B visa applications has sent shockwaves through global markets, with Asian and European stock exchanges reacting cautiously to the policy. The measure, effective September 21, 2025, marks a significant increase from the existing......

Morocco unveils $12 billion energy plan at India-Africa business conclave

At the 20th India-Africa Business Conclave in New Delhi, Morocco presented its national energy strategy, highlighting a $12 billion investment plan through 2030. The initiative aims to increase renewable energy’s share to over 52% of the national electricity mix and develop a competitive green......

India strengthens ties with China as U.S. relations falter under Trump

India-China relations thaw amid border discussions India and China are witnessing a notable warming of ties as U.S.-India relations face growing strain under President Donald Trump. Chinese Foreign Minister Wang Yi is visiting New Delhi for the first time in over three years to meet with National Security......

US tariffs ignite global trade tensions and economic uncertainty

New tariffs reshape international trade dynamics US President Donald Trump has implemented sweeping tariffs on imports from over 90 countries, sparking diplomatic tensions and economic anxiety worldwide. The tariffs aim to address what the administration views as a skewed global trade system. On his......

Brics nations advance de-dollarization, reshaping global financial order

A growing movement among Brics nations to reduce reliance on the US dollar in global trade is challenging longstanding American financial dominance. By adopting local currencies for international transactions, the alliance of emerging economies is reshaping the global financial landscape and provoking......

India extends Washington visit to resolve trade deal issues

Indian officials have prolonged their visit to Washington in an effort to finalize a trade agreement with the U.S. administration under President Donald Trump, sources within the Indian government revealed. The talks, initially scheduled to conclude last Friday, have continued due to unresolved disagreements,......

India offers major tariff cut to fast-track trade deal with Trump

In a significant move to finalize a trade agreement with the United States, India has proposed cutting the average tariff gap between the two countries to under 4%, down from nearly 13%, according to sources familiar with the negotiations. This would be a reduction of approximately 9 percentage points......

Trump tariffs kick in, spurring more market carnage

U.S. President Donald Trump’s sweeping tariffs on imports from dozens of countries officially took effect on Wednesday, triggering a sharp escalation in global trade tensions. Among the most significant were 104% duties on Chinese goods, a move that intensified market instability and accelerated......

India faces economic strain as Trump’s tariffs complicate recovery

As Indian Prime Minister Narendra Modi prepared for his visit to the White House, U.S. President Donald Trump announced new reciprocal tariffs on key trading partners, adding pressure to India’s already struggling economy. During a joint press conference, Trump revealed that India would purchase......

Short Title: U.S. Sanctions Disrupt Russian Oil Supply to Asia

New sanctions imposed by the U.S. on Russian oil producers and vessels are expected to significantly impact Russia's oil exports, forcing China and India to source more oil from the Middle East, Africa, and the Americas. This shift is expected to drive up oil prices and freight costs, traders and......

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