logo
Ukrainian drones force suspension of Russian electronics factory

Ukrainian drones force suspension of Russian electronics factory

Time of India09-06-2025
A damaged drone falls from the sky towards the wet ground near a large electronics factory emitting steam.
Work at an electronics factory in Russia's Chuvashia region, some 600 kilometres east of Moscow, was briefly suspended on Monday due to falling Ukrainian drones, local officials said.
"This morning, Ukrainian attempts to use drones in Chuvashia were detected," regional governor Oleg Nikolayev wrote on Telegram, adding that there were no victims from the attack.
Ukraine regularly launches drone attacks on Russia in response to aerial bombardments by Moscow, which began a full-scale offensive into Ukrainian territory more than three years ago.
"Two drones fell on the territory of the VNIIR factory," said Nikolayev.
The VNIIR facility is one of the main factories producing electronic components in Russia.
A decision was taken to "temporarily suspend production to ensure the safety of employees", the governor added.
Two drones fell into fields in the region without causing any danger to people, Nikolayev said.
"The situation is entirely under control," he added.
Russia's defence ministry said it intercepted 49 Ukrainian drones overnight.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Si vous voulez passer du temps sur votre ordinateur, ce jeu populaire est un must en 2025.
Forge Of Empires
Jouer
Undo
Ukraine said it shot down "dozens" of Russian drones over its western Rivne region.
The massive Russian attack saw Ukraine's western neighbour Poland scramble fighter jets to secure its airspace, Warsaw's Operational Command said in a statement on social media.
bur/bc/lth
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump's broad tariffs go into effect, hit goods from major U.S. trading partners
Trump's broad tariffs go into effect, hit goods from major U.S. trading partners

The Hindu

time10 minutes ago

  • The Hindu

Trump's broad tariffs go into effect, hit goods from major U.S. trading partners

President Donald Trump's higher tariff rates of 10% to 50% on dozens of trading partners kicked in on Thursday (August 7, 2025), testing his strategy for shrinking U.S. trade deficits without massive disruptions to global supply chains, higher inflation and stiff retaliation from trading partners. U.S. Customs and Border Protection agency began collecting the higher tariffs at 12:01 a.m. EDT (0401 GMT) after weeks of suspense over Trump's final tariff rates and frantic negotiations with major trading partners that sought to lower them. "RECIPROCAL TARIFFS TAKE EFFECT AT MIDNIGHT TONIGHT!," Mr. Trump said on Truth Social just ahead of the deadline. Goods loaded onto U.S.-bound vessels and in transit before the midnight deadline can enter at lower prior tariff rates before October 5, according to a CBP notice to shippers issued this week. Imports from many countries had previously been subject to a baseline 10% import duty after Trump paused higher rates announced in early April. But since then, Mr. Trump has frequently modified his tariff plan, slapping some countries with much higher rates, including 50% for goods from Brazil, 39% from Switzerland, 35% from Canada and 25% from India. Tariffs on India The initial 25% tariffs announced by U.S. President Donald Trump on Indian imports came into effect on Thursday (August 7, 2025). Last week, the White House announced that India will face tariffs of 25% after Mr. Trump issued an executive order listing the various duties that Washington will impose on exports from countries around the world. In addition to the 25% tariff announced last week, Mr. Trump on Wednesday (August 6, 2025) imposed another 25% levies on India for its purchases of Russian oil, bringing the total duties slapped on India to 50%, among the highest imposed by the U.S. on any country in the world. Eight major trading partners accounting for about 40% of U.S. trade flows have reached framework deals for trade and investment concessions to Mr. Trump, including the European Union, Japan and South Korea, reducing their base tariff rates to 15%. Britain won a 10% rate, while Vietnam, Indonesia, Pakistan and the Philippines secured rate reductions to 19% or 20%. "For those countries, it's less-bad news," said William Reinsch, a senior fellow and trade expert at the Center for Strategic and International Studies in Washington. "There'll be some supply chain rearrangement. There'll be a new equilibrium. Prices here will go up, but it'll take a while for that to show up in a major way," Reinsch said. Countries with punishingly high duties, such as India and Canada, "will continue to scramble around trying to fix this," he added. Mr. Trump's order has specified that any goods determined to have been transshipped from a third country to evade higher U.S. tariffs will be subject to an additional 40% import duty, but his administration has released few details on how these goods would be identified or the provision enforced. Trump's July 31 tariff order imposed duties above 10% on 67 trading partners, while the rate was kept at 10% for those not listed. These import taxes are one part of a multilayered tariff strategy that includes national security-based sectoral tariffs on semiconductors, pharmaceuticals, autos, steel, aluminum, copper, lumber and other goods. Mr. Trump said on Wednesday the microchip duties could reach 100%. China is on a separate tariff track and will face a potential tariff increase on August 12 unless Mr. Trump approves an extension of a prior truce after talks last week in Sweden. He has said he may impose additional tariffs over China's purchases of Russian oil as he seeks to pressure Moscow into ending its war in Ukraine.

Ready to pay heavy price for our farmers, fishermen: Modi on Trump tariffs
Ready to pay heavy price for our farmers, fishermen: Modi on Trump tariffs

Business Standard

time10 minutes ago

  • Business Standard

Ready to pay heavy price for our farmers, fishermen: Modi on Trump tariffs

Ready to pay heavy price for our farmers, fishermen: Modi on Trump tariffs Swati Gandhi New Delhi Prime Minister Narendra Modi on Thursday said that India is ready to pay a heavy price to protect the country's agricultural interests, adding that he is ready to bear it. PM Modi made these remarks at the MS Swaminathan Centenary International Conference and said, "For us, the interest of our farmers is our top priority. India will never compromise on the interests of farmers, fishermen and dairy farmers. I know we will have to pay a heavy price for it and I am ready for it. India is ready for it..." The statement from PM Modi is the first since the US President Donald Trump increased India's tariff rate to 50 per cent, up from 25 per cent for importing Russian oil.

MORNING BID EUROPE-Split Bank of England set to cut rates
MORNING BID EUROPE-Split Bank of England set to cut rates

Mint

time10 minutes ago

  • Mint

MORNING BID EUROPE-Split Bank of England set to cut rates

A look at the day ahead in European and global markets from Kevin Buckland There's little doubt in the market's mind that the Bank of England will cut interest rates later today by another quarter point, making it five cuts in the past year. But a tricky balance between a slowing jobs market and nagging inflation worries could see the board split three ways, with two of the nine members potentially pushing for no change, while two others may lobby for a half-point reduction. The board's language will also be key, with a focus on whether the message of "gradual and careful" policy easing remains in place. Any signs of an extended pause would be a blow for Finance Minister Rachel Reeves and Prime Minister Keir Starmer, who have promised to speed up Britain's slow economic growth. Away from the UK, the market's broad focus falls squarely on another central bank with some similar problems. The U.S. Federal Reserve has seen the macroeconomic data take a distinct downward turn over the past week - particularly the labour market - just days after the board opted to forgo a rate cut. But with worries about simmering inflationary forces as a result of President Donald Trump's bellicose tariff campaign also showing up in the data, Fed Chair Jerome Powell's wait-and-see stance also finds some support. Hanging over the Fed's debate - which saw two Trump-chosen Fed governors dissent in last week's decision - are the president's persistent and aggressive calls to cut rates, often framed with name-calling and threats to fire Powell before his chairmanship expires in May. The market's eyes are on Trump's short list of four possible replacements, and more immediately, his pick to fill a governor role abruptly vacated by Adriana Kugler. Meanwhile, Trump's barrage of tariff threats continues unabated, with a 100% duty on semiconductor imports and additional levies on India for importing Russian oil among the latest. Trump plans to talk to Russian President Vladimir Putin next week about ending the war in Ukraine, which is buoying the euro while injecting uncertainty into the outlook for crude oil. Overall though, the market has become more inured to the constant tariff sabre-rattling and Japan's Topix index marched to a record peak while tech-heavy Taiwan shares leapt more than 2% to the highest in over a year. Pan-European STOXX 50 futures are pointing 0.2% higher, with Wall Street futures also up by about the same amount. A strong U.S. earnings season is one reason for that. Coming up are Eli Lilly, ConocoPhillips and Warner Bros Discovery, among many others. Europe has a busy day of earnings reports as well, with Allianz, Siemens and Merck among them. On the data front, Germany has trade figures and industrial production numbers, while Britain gets a reading on house prices. Key developments that could influence markets on Thursday: -UK Halifax house prices (July) -German exports, imports, industrial production (all June) Trying to keep up with the latest tariff news? Our new daily news digest offers a rundown of the top market-moving headlines impacting global trade. Sign up for Tariff Watch here. (Reporting by Kevin Buckland; Editing by Sam Holmes)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store