Russia seizes assets worth $50 BN in three-year ‘fortress’ push
Russia has confiscated 3.9 trillion roubles (about $50 billion) in company assets since 2022, signalling a decisive shift towards a 'fortress Russia' ...
India moved swiftly to scale back its diplomatic ties with Pakistan on Wednesday, a day after a deadly militant attack in Kashmir killed 26 tourists, marking the country’s worst civilian massacre in nearly 20 years and escalating tensions between the nuclear-armed neighbors.
India unveiled a series of measures on Wednesday to downgrade its already strained relationship with Pakistan, following a deadly militant attack that left 26 people dead at a tourist hotspot in Kashmir—the country’s worst civilian attack in nearly 20 years.
Tensions between the two nuclear-armed neighbors were already heightened prior to the announcement. Diplomatic ties have been minimal since 2019, when India revoked Kashmir’s special constitutional status. In response, Pakistan expelled India’s envoy, refrained from appointing its own ambassador to New Delhi, suspended cross-border train services, and banned Indian films.
The attack on Tuesday has been widely viewed as a blow to Indian Prime Minister Narendra Modi and his Bharatiya Janata Party’s narrative that ending Jammu and Kashmir’s autonomy brought peace and progress to the volatile, Muslim-majority region.
Speaking at a press conference, Indian Foreign Secretary Vikram Misri said the government concluded there was cross-border involvement in the assault, a determination reached during a high-level security cabinet meeting. That assessment, he said, led to the decision to take action against Pakistan.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
European Commission President Ursula von der Leyen urged stronger sanctions and defence support for Ukraine as the EU's 18th sanctions package against Russia nears approval.
Archaeologists have uncovered a 3,500-year-old city in northern Peru that likely served as a key trade hub connecting ancient coastal, Andean, and Amazonian cultures.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
Shipments of antimony to the United States have jumped to more than 3,800 tonnes in five months via Thailand and Mexico, customs data show, as buyers find back-door routes around Beijing’s export ban on critical minerals bound for the U.S.
From launching 25% duties on Mexican goods in February to unveiling a 50% levy on imported copper on Monday, U.S. President Donald Trump has fired off a rapid-fire series of tariff moves that has jolted financial markets and unsettled global supply chains.
Russia has confiscated 3.9 trillion roubles (about $50 billion) in company assets since 2022, signalling a decisive shift towards a 'fortress Russia' economic model, the Kommersant business daily reported on Wednesday.
A Ukrainian drone strike on a beach in the Russian city of Kursk has killed at least three people, including a member of Russia’s National Guard, and left seven others injured, regional authorities reported early Wednesday.
At least nine people have died after a bridge collapsed over a river in the western Indian state of Gujarat on Wednesday, according to local police quoted by the Press Trust of India.
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