Daily Headlinez Top News Updates
US President Donald Trump has approved a new bill that allows massive duties on countries that import Russian petroleum products. The bill, ‘Sanctioning Russia Act of 2025’ threatens at least 500% tariffs on countries that “knowingly engage in the exchange.” US senator Lindsey Graham said that the bill, which is now headed for bipartisan approval…
File photo (Picture credit: AP) Asian markets fell on Tuesday as caution spread across global equities ahead of several delayed US economic releases and shifting expectations around the Federal Reserve’s next move. The weakness followed a tech-led slide on Wall Street overnight, with investors watching closely for Thursday’s September nonfarm payrolls report to gauge the…
After United States, the European Union has also imposed sanctions on Russia, targeting the country’s oil industry in efforts to intensify international efforts to block the funds that Moscow depends on to sustain its invasion of Ukraine.Earlier on Wednesday, US President Donald Trump had announced sanctions on Russian oil firms.Ukrainian President Volodymyr Zelenskyy welcomed the…
Russia said that recent US sanctions targeting its oil sector could potentially undermine diplomatic initiatives. (AI image) Russia has slammed Donald Trump administration’s sanctions on its oil firms saying that the move undermines efforts for peace, adding that it is immune to any such restrictions.Russia said that recent US sanctions targeting its oil sector could…
Oil prices rose sharply on Wednesday, triggered by America’s fresh sanctions on Russian oil companies.Brent crude futures jumped $3.03, or 4.94%, to $64.35 a barrel, while US West Texas Intermediate (WTI) crude added $1.42, or 2.43%, to $59.92 after the settlement at 6 PM EDT (2200 GMT). Earlier, Brent had settled $1.27 higher at $62.59…
US Treasury Secretary Scott Bessent on Tuesday expressed confidence in resolving trade frictions with India claiming that the “two great countries will get this solved”. Bessent, however, down played the significance of the Shanghai Cooperation Organisation (SCO) summit where Prime Minister Narendra Modi met Russian President Vladimir Putin and Chinese President Xi Jinping.When asked about…
Moment of Russia’s missile strike on Kyiv neighbourhood Ukrainian President Volodymyr Zelenskyy on Thursday urged fresh, tougher sanctions on Russia after at least eight people, including a child, were killed in a massive overnight missile and drone attack on Kyiv.Footage captured the moment Russian missiles slammed into a residential neighbourhood of the capital, Ukraine’s largest…
