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Russia became India's third-largest coal supplier, up from the sixth position historically, as discounts drove shipments to a record.

India says no pressure from Western countries to limit energy purchases from Russia

Aug 12, 2022

India, the world's third-biggest crude importer, overtook China to become the biggest buyer of Russian oil in July based on sea-borne volumes, having bought very little from the country before the start of the war in Ukraine in February.

Author Salman Rushdie attacked on lecture stage in New York (Photo: AP)

Author Salman Rushdie attacked on lecture stage in New York

Aug 12, 2022

An Associated Press reporter witnessed a man storm the stage at the Chautauqua Institution and begin punching or stabbing Rushdie as he was being introduced.

US import prices decline for first time in seven months (Photo: Reuters)

US import prices decline for first time in seven months

Aug 12, 2022

Imported fuel prices dropped 7.5% last month after surging 6.2% in June. Petroleum prices declined 6.8%, while the cost of imported food fell 0.9%, the largest one-month drop since November 2020 and third straight month of abatement.

Gotabaya Rajapaksa to remain indoors in Thailand for security reasons: Report (Photo: Reuters)

Gotabaya Rajapaksa to remain indoors in Thailand for security reasons: Report

Aug 12, 2022

Rajapaksa arrived in Thailand with three other people on a chartered flight from Singapore at Wing 6 of the military airport adjacent to Don Mueang International Airport around 8 pm local time on Thursday.

The UN trade and development body UNCTAD said that in 2021, developing countries accounted for 15 of the top 20 economies when it comes to the share of the population that owns cryptocurrencies.

India ranks seventh in digital currency adoption, Ukraine leads: UN report

Aug 12, 2022

The UN trade and development body UNCTAD said that in 2021, developing countries accounted for 15 of the top 20 economies when it comes to the share of the population that owns cryptocurrencies.

Why Portugal changed its immigration laws

This European country has eased immigration law to fight labour shortage

Aug 12, 2022

The modifications to the laws were approved by Portugal President Marcelo Rebelo de Sousa to enable easy recruitment of foreign workers.

Shares in SoftBank Group Corp rose 5% in morning trading in Tokyo on Friday

SoftBank shares rise 5% on news of trimming Alibaba stake

Aug 12, 2022

SoftBank Chief Executive Masayoshi Son is moving to shore up his group's cash reserves and accelerating asset sales after the Vision Fund investment arm booked a $50 billion loss in the six months to June-end

The U.S. Justice Department asked a judge on Thursday to make public the warrant that authorized the FBI search of Mar-a-Lago, after Trump, a Republican, portrayed it as political retribution.

FBI sought nuclear documents in search of Trump's home: Report

Aug 12, 2022

"As part of a worldwide portfolio assessment, we have made the commercial decision to transition to an all cornstarch-based baby powder portfolio," it said. 

US gold futures fell 0.2% to $1,803.10.

Gold prices set for fourth weekly gain; Spot gold reaches $1,787.57 per ounce

Aug 12, 2022

Spot gold was flat at $1,787.57 per ounce, as of 0120 GMT. However, bullion has gained 0.7% so far this week.

Equity markets also rose on the notion that the Fed would soon slow rate hikes.

San Francisco Fed Reserve open to 75 bps hike in Sept; sees no 'hump' in rate path

Aug 12, 2022

Rising stock prices threaten to undo some of the Fed's efforts to tighten financial conditions and slow the economy by raising borrowing costs.

China to provide $118 million assistance to Nepal, promises to expedite work on BRI projects (Photo: Reuters)

China to provide $118 million assistance to Nepal, promises to expedite work on BRI projects

Aug 11, 2022

Chinese Foreign Minister Wang Yi announced the concessions for Nepal in his meeting with his Nepalese counterpart Narayan Khadka in the eastern Chinese city of Qingdao on Wednesday.

5 countries with whom India has largest trade gaps (Photo: Reuters)

5 countries with whom India has largest trade gaps

Aug 11, 2022

Here is a list of countries with whom India reported the maximum trade gap during the June quarter.

SpaceX has steadily launched some 2,700 Starlink satellites since 2019 and has amassed hundreds of thousands of subscribers

US rejects broadband subsidies for SpaceX's Starlink, LTD

Aug 11, 2022

In December 2020, the FCC tentatively awarded $9.2 billion to over 300 bidders to deploy high-speed broadband from the Rural Digital Opportunity Fund

North Korea declares victory over COVID-19

North Korea declares victory over COVID-19; blames South Korea for outbreak

Aug 11, 2022

North Korea's Kim Jong Un's sister Kim Yo Jong blamed leaflets from South Korea found near the border for causing the outbreak.

Twitter sued Musk to complete the deal, and has said the issue has no bearing on the agreement with Musk.

Elon Musk seeks to question Twitter employees who count bots 

Aug 11, 2022

Musk said last month he was terminating the deal because Twitter has withheld information about these accounts.

The tariffs make Chinese imports more expensive for US companies, which, in turn, make products cost more for consumers

US rethinks steps on China tariffs in wake of Taiwan response

Aug 11, 2022

Biden has not made a decision on the issue and all options remain on the table, the White House said.

China's PLA says it successfully completed high-intensity military drills around Taiwan (Photo: Reuters)

China's PLA says it successfully completed high-intensity military drills around Taiwan

Aug 10, 2022

The People's Liberation Army's (PLA) Eastern Theatre Command said the joint military operations around the Taiwan island have been completed successfully, the state-run Global Times newspaper tweeted.

Anti-govt protests that led to ouster of Rajapaksa family in Sri Lanka end after 123 days (Photo: Reuters)

Anti-govt protests that led to ouster of Rajapaksa family in Sri Lanka end after 123 days

Aug 10, 2022

The protesters left the main anti-government protest camp at Galle Face promenade where they had been staging sit-ins since April 9, branding it as the Gota go home village' (Rajapaksa go home).

Nepal's foreign minister Narayan Khadka in China for bilateral talks (Photo: Reuters)

Nepal's foreign minister Narayan Khadka in China for bilateral talks

Aug 10, 2022

Khadka will hold bilateral talks with Wang in Qingdao and will return to Kathmandu on Thursday.

Underlying inflation pressures, which exclude volatile food and energy components, also showed some encouraging signs.

US consumer price growth unchanged for July

Aug 10, 2022

In the 12 months through July, the CPI increased by a weaker-than-expected 8.5% following a 9.1% rise in June.

Boris Johnson defends leaving cost-of-living crisis to new UK PM (Photo: Reuters)

Boris Johnson defends leaving cost-of-living crisis to new UK PM

Aug 10, 2022

Addressing a Downing Street reception on Tuesday evening, Johnson said he was "absolutely certain" his successor would do more to help people with rising fuel bills.