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Indian Express
12 minutes ago
- Indian Express
Trump hoping to achieve halt to Ukraine fighting in Putin talks, Rubio says
US President Donald Trump will go into talks with Russian President Vladimir Putin in Alaska on Friday hoping to achieve a halt to the fighting in Ukraine, but a comprehensive solution to the war will take longer, U.S. Secretary of State Marco Rubio said. 'To achieve a peace, I think we all recognize that there'll have to be some conversation about security guarantees. There'll have to be some conversation about … territorial disputes and claims, and what they're fighting over,' Rubio told reporters at the State Department on Thursday. 'All these things will be part of a comprehensive thing. But I think the President's hope is to achieve some stoppage of fighting so that those conversations can happen.' Rubio said that the longer wars go on, the harder they are to end. 'And even as I speak … there are changes happening in the battlefield which have an impact on what one side views as leverage or the other. So that's the reality of ongoing fighting, which is why a ceasefire is so critical,' he said. 'But we'll see what's possible tomorrow. Let's see how the talks go. And we're hopeful. We want there to be a peace. We're going to do everything we can to achieve one, but ultimately it'll be up to Ukraine and Russia to agree to one.' Rubio said preparations for the meeting were going 'very fast,' as it had been put together very quickly. He said he believed Trump had spoken by phone to Putin four times and 'felt it was important to now speak to him in person and look him in the eye and figure out what was possible and what isn't.' 'He sees an opportunity to talk about achieving peace. He's going to pursue it, and we'll know tomorrow at some point, as the President said, probably very early in that meeting, whether something is possible or not. We hope it is.'
The Hindu
12 minutes ago
- The Hindu
India ‘fully engaged' with U.S. on trade deal, says Commerce Secretary
India continues to be 'fully engaged' with the U.S. on a Bilateral Trade Agreement, Commerce Secretary Sunil Barthwal said on Thursday, however adding that the date for the next round of negotiations has not yet been decided. He reiterated the deadline for the deal as fall 2025, or September-October 2025, as announced by Prime Minister Narendra Modi and U.S. President Donald Trump. Official sources have also confirmed that India was working with both the U.K. and the EU to fast-track the implementation of the respective trade deals India was concluding with them. During the Indian team's visit to Washington in July to continue negotiations on the deal, it had been decided that the next round would take place in New Delhi during the last week of August. However, a lot has changed since then. US President Donald Trump on July 31 approved a 25% tariff on imports from India, and then on August 6 approved an additional 25% tariffs as a 'penalty' for India's imports of Russian oil. Mr. Trump has also indicated that further negotiations would not take place until the Russia oil issue was resolved. Against this backdrop of uncertainty, Mr. Barthwal said that negotiations on the BTA were still progressing. Negotiations progressing 'We are fully engaged with the U.S. on the trade negotiations,' Mr. Barthwal said at a press briefing. 'There was a joint statement that was given by the U.S. President and our Prime Minister where it was said India and the U.S. would engage in a bilateral trade agreement and simultaneously we would also aim to more than double our trade to $500 billion.' 'Those talks are going on,' he added. 'The BTA talks are going on. We are engaged.' However, Mr. Barthwal added that the final date for the next round of negotiations would be decided closer to the last week of August. According to official sources who declined to be named, the negotiations and engagement between India and the U.S. was taking place at different levels. 'One level is at the negotiating team' level, another one happens at the Ministers' level, the third happens at the diplomatic levels, and we also engage the different industries of the U.S. to look into their issues,' the official explained. Other deals being fast-tracked The India-United Kingdom Comprehensive Economic and Trade Agreement (CETA), signed in July, is now in the final stage where the UK is concluding its due processes in its Parliament. 'We have requested the UK to fast-track this process so it comes into force as early as possible,' another government source said. They added that the Trade and Economic Partnership Agreement (TEPA) between India and the EFTA countries — Iceland, Liechtenstein, Norway and Switzerland — would come into force on October 1. 'With the EU, we are fast-tracking the negotiations,' they explained. 'But a lot of work has progressed and it was decided that the FTA would be concluded by the end of December. It has made good progress and there are further meetings that are going to happen, at the negotiators' level, the Secretary level, and at the Ministerial level.' With Oman, the talks on a trade agreement have concluded and the deal will be signed 'very soon', when the dates are decided by both countries. Good progress with ASEAN countries The negotiating team representing the Association of Southeast Asian Nations (ASEAN) countries was in India between August 10-14 to review the Trade in Goods Agreement between the two. 'We are telling them that we need to increase trade between India and ASEAN,' the official said. 'Everybody is concerned about the uncertain global policy environment. They have realised that both ASEAN and India move forward and improve trade between the two blocks.' They added that India and the ASEAN countries were not only looking at tariff issues but also non-tariff issues, such as Sanitary and Phytosanitary (SPS) measures and Technical Barriers to Trade (TBT) and regulatory compliances. 'Since these are issues that require deep analysis, that analysis is going on,' the official said. 'This round has been quite fruitful. There is a lot of clarity on how we should move forward.'
India.com
12 minutes ago
- India.com
Bad news for employees of this company as it plans massive sacking due to…, Indian workers among worst hit, not Narayana Murthy's Infosys, TCS, Google, Microsoft, name is…
Representational image American tech major Oracle Corporation has laid off around 10% of its employees in India and left thousands of professionals jobless overnight. While the company described the move as part of a 'restructuring exercise,' media reports link it to shifting U.S. policies under President Donald Trump like curbs on offshoring and reduced dependence on H-1B visas. Oracle Layoffs In India According to Data Centre Dynamics , Oracle's India operations have been hit the hardest as layoffs continue in other geographies. Teams working on Oracle Cloud Infrastructure (OCI) in the U.S. are still receiving layoff notices, while employees in Canada and Mexico have also been impacted. As of 2024, Oracle employed around 28,824 people in India. The country has been a critical hub for software development, cloud services, and technical support. It also has a presence in major metros like Bengaluru, Hyderabad, Chennai, Mumbai, Pune, Noida, and Kolkata and also in Tier-II and Tier-III cities like Chandigarh, Lucknow, Jaipur, Bhopal, and Thiruvananthapuram. Oracle Global Layoffs In the U.S., Oracle is eliminating more than 150 positions in Seattle, majorly within its cloud infrastructure division. According to media reports, the company is still hiring for select roles focusing on specific teams. The cuts are linked to performance reviews and many believe they are also influenced by geopolitical factors and pressure to localise operations in key markets. The announcement has just been made days after Oracle CEO Larry Wilson met U.S. President Donald Trump at the White House on August 7. Oracle had also revealed a major deal with OpenAI to host massive volumes of its data on Oracle's cloud, along with a hiring push at its Virginia office in the U.S. In Mexico, too, employees have received layoff notices, and staff in other countries have been called for undisclosed meetings, indicating more global job cuts could follow.
