World News Live Updates: Cambodia Nominates Donald Trump for Nobel Peace Prize Citing Thai Border Truce
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Stay informed with our World News Live Blog — your real-time window into global events. From major geopolitical developments and scientific breakthroughs to royal family updates and cultural milestones, we bring you fast, factual, and curated updates as they happen. Whether it's unfolding conflicts, diplomatic shifts, climate alerts, or key moments in international politics, our live blog keeps you ahead of the news curve. Designed for readers who want both speed and substance, this is your go-to source for staying connected with the world — minute by minute, headline by headline.
Aug 08, 2025 08:33 IST
CAIR Urges US To Probe Death Of Palestinian Man In Israeli Settler Attack
The Council on American-Islamic Relations (CAIR) has called on the Trump administration to launch an investigation into the killing of a Palestinian father during an attack by an Israeli settler in the West Bank, as per a report in Al Jazeera. The US-based Muslim advocacy group is pointing to specific legal statutes that it says provide the authority for the US to probe the incident.
Aug 08, 2025 08:31 IST
Cambodia Nominates Donald Trump for Nobel Peace Prize Citing Thai Border Truce
Cambodia has nominated US President Donald Trump for the Nobel Peace Prize, crediting him for brokering a border truce with neighboring Thailand, as per a report in Al Jazeera. The nomination was reportedly made to recognize what the Cambodian government described as Trump's 'visionary diplomacy' in mediating the agreement.
Aug 08, 2025 08:30 IST
Heavy Rain Slams Southern Japan, Triggering Floods And Mudslides
Torrential rain on the southern Japanese island of Kyushu has triggered floods and landslides, prompting officials to issue the highest-level warnings and evacuation advisories for over 360,000 residents, according to a report in AP. A mudslide in Aira city, located in the Kagoshima prefecture, struck a house and buried two individuals who were subsequently rescued and hospitalized. Japan's Fire and Disaster Management Agency issued the evacuation advisories for people in Kagoshima and neighboring areas as the heavy rain continues to pound the region.
Aug 08, 2025 08:24 IST
US Doubles Reward To $50 Million For Arrest Of Venezuelan President Nicolás Maduro
The Trump administration has increased the reward for the arrest of Venezuelan President Nicolás Maduro to $50 million, accusing him of leading a narco-trafficking operation that floods the US with fentanyl-laced cocaine, as per a report in AP. The announcement was made in a video statement. The US government alleges Maduro works with cartels and has previously indicted him on narco-terrorism charges in a Manhattan federal court.
Aug 08, 2025 08:24 IST
Outrage In South Africa After Accused In Pig Farm Murders Walks Free
Public outrage has erupted in South Africa after a man accused in the murder of two Black women was set free, according to a report in BBC. The accused, Adrian de Wet, claimed he was forced to throw the women's bodies into a pig enclosure. The court's decision has led to significant public dissatisfaction and has placed the South African justice system under intense scrutiny, raising concerns about the rule of law, racial tensions, and the handling of violent crime in the country.
Aug 08, 2025 08:24 IST
World Cosplay Summit In Japan To Move From Summer Starting In 2027
Beginning in 2027, the annual World Cosplay Summit (WCS) in Nagoya will no longer be held during the summer to protect participants from extreme heat, The Japan Times said in a report. The international event, which attracts thousands of cosplayers from around the world in often elaborate costumes, is shifting its schedule as a proactive measure for participant safety. This move reflects a broader trend of major Japanese events adapting to rising temperatures and has significant logistical and economic implications for organizers, international attendees, and local businesses in Nagoya, who will need to adjust to a new event calendar.
Aug 08, 2025 08:24 IST
Greece To Develop Domestic Drone Industry Under €30 Billion Defense Plan
Greece plans to mass-produce indigenous drone and anti-drone systems as part of a comprehensive €30 billion program aimed at modernizing its armed forces by 2036, The Japan Times said in a report. This strategic shift from being a defense importer to a producer is driven by geopolitical tensions in the Eastern Mediterranean and lessons from the war in Ukraine. The initiative is a key component of a wider, multi-year upgrade of Greece's military capabilities and aligns with the European Union's push for greater strategic autonomy and a stronger collective defense industry.
Aug 08, 2025 08:24 IST
Satellite Images Reveal Surge in Rare Earth Mining in Rebel-Held Myanmar
Satellite imagery has identified a significant increase in rare earth mining operations in rebel-controlled areas of Myanmar, with at least 26 new or expanded mines located near the Chinese border and two near Thailand, according to a report in Al Jazeera. This surge is driven by high global demand for rare earths, which are crucial for high-tech industries. The unregulated mining operations are a major source of funding for armed groups involved in Myanmar's ongoing civil war, which has intensified since the 2021 military coup. The activity raises significant concerns about severe environmental degradation, the displacement of local communities, and the ethical complexities of global mineral supply chains, particularly for China, a primary consumer of these resources.
Aug 08, 2025 08:24 IST
US Imposes 15% Reciprocal Tariff On Most Japanese Goods
The United States has implemented a 15% 'reciprocal' tariff on most goods imported from Japan, The Japan Times says in a report. A key point of contention remains as the two countries have not yet agreed on the methodology for calculating the tariff, creating uncertainty for businesses and complicating compliance. While the specific goods covered under 'most goods' have not been fully detailed, the automotive sector has historically been a primary focus of US-Japan trade disputes.
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NDTV
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- NDTV
Muslim Countries Must Unite: Turkey Slams Israel's Gaza Move
Muslim nations must act in unison and rally international opposition against Israel's plan to take control of Gaza City, Turkish Foreign Minister Hakan Fidan said on Saturday after talks in Egypt. Regional powers Egypt and Turkey both condemned the plan on Friday. Ankara has said it marked a new phase in what it called Israel's genocidal and expansionist policies, while calling for global measures to stop the plan's implementation. Israel rejects such description of its actions in Gaza. Speaking at a joint press conference in El Alamein with his Egyptian counterpart Badr Abdelatty, after also meeting Egypt's President Abdel Fattah al-Sisi, Fidan said the Organisation of Islamic Cooperation had been called to an emergency meeting. Fidan said Israel's policy aimed to force Palestinians out of their lands through hunger and that it aimed to permanently invade Gaza, adding there was no justifiable excuse for nations to continue supporting Israel. Israel denies having a policy of starvation in Gaza, and says Palestinian militant group Hamas, which killed 1,200 people in its October 2023 attack, could end the war by surrendering. "What is happening today is a very dangerous development... not only for the Palestinian people or neighbouring countries," Abdelatty said, adding that Israel's plans were "inadmissible". Abdelatty said there was full coordination with Turkey on Gaza, and referred to a statement issued on Saturday by the OIC Ministerial Committee condemning Israel's plan. The OIC committee said Israel's plan marked "a dangerous and unacceptable escalation, a flagrant violation of international law, and an attempt to entrench the illegal occupation", warning that it would "obliterate any opportunity for peace". Mediating teams from Egypt, Qatar and the United States have been working for months to reach a ceasefire between Israel and Hamas. The OIC urged world powers and the United Nations Security Council to "assume their legal and humanitarian responsibilities and to take urgent action to stop" Israel's Gaza City plan, while ensuring immediate accountability for what it called Israeli violations of international law.
Time of India
3 minutes ago
- Time of India
Trump Throws Zelensky Under The Bus In Desperation For Putin Meeting, Abandons Own Ukraine Deadline
/ Aug 10, 2025, 12:23AM IST President Donald Trump said Thursday that he would meet with Russian President Vladimir Putin even if the Russian leader won't meet with Ukrainian President Volodymyr Zelensky. Trump, when asked by a reporter if Putin would need to meet with Zelenskyy in order to secure a meeting with the U.S., said: 'No, he doesn't. No.' His comments followed Putin's remarks earlier in the day that he hoped to meet with Trump next week, possibly in the United Arab Emirates. But the White House was still working through the details of any potential meetings, press secretary Karoline Leavitt said.
Indian Express
5 minutes ago
- Indian Express
Around $30-35 billion of India's merchandise exports to America at risk from Trump's tariffs, says UBS Chief India Economist
US President Donald Trump's decision to impose a total tariff of 50 per cent on India has put at risk $30 billion-$35 billion worth of New Delhi's exports to the world's largest economy, according to Tanvee Gupta Jain, UBS' Chief India Economist. Consequently, India — whose merchandise exports to the US in 2024 totalled $87.3 billion, resulting in a surplus of $45.8 billion — faces the risk of losing almost a full percentage point from its GDP growth over two years, she said. In an interview with The Indian Express Siddharth, Jain also shed light on the possibility of India reducing its purchase of Russian oil and the Indian economy's growth and inflation prospects in light of the RBI's latest monetary policy decision. Edited excerpts: US tariff on India is now 50 per cent, with a three-week waiting period. Purely in terms of the trade relations, what is your assessment of the impact? US President Donald Trump has now announced an additional 25 per cent tariff on India for buying oil from Russia, taking the total tariffs to 50 per cent. This additional tariff is effective from August 27, that is 21 days after the executive order. There are a few sectors including pharma, smartphones, (that) are currently under section 232 investigations and are exempted from tariffs. The exempted sectors account for $24 billion or around 30 per cent of India's total goods exports to the US of $87 billion. The way we look at the impact of the tariffs is as follows: we note the US accounts for $87 billion or 20 per cent of India's goods export, or about 2.2 per cent of India's GDP. We multiply the new tariff rate with trade exposure to the US to get a 'GDP at risk' measure. Further assuming a -1 price elasticity, we estimate drag from the proposed tariffs that is 25 per cent effective from today and an additional 25 per cent effective from August 27 versus our current baseline to be 35 basis points (bps) in 2025-26 and 60 bps in 2026-27. We would stress that our estimates are subject to substantial uncertainty as the trade negotiations with the US are ongoing. In addition, other considerations for our growth forecast include how global growth pans out and if counter-cyclical policy support could help support domestic demand momentum in the face of tariff-related uncertainties. These are just scenarios that we have. We are not yet changing our estimates as a lot will depend on how the negotiations happen over the coming weeks and months. So, the exports at risk from the tariffs are roughly $56 billion or so. Do you have an estimate of how much that could fall by if the 50 per cent tariff stays in place? I would say the exports at risk out of India's $87 billion of goods exports to the US, taking into account the exemptions, are roughly around $30 billion-$35 billion. The 21-day pause gives some time for the negotiations to continue later this month. Do you see any sign of a deal with the US resulting in a meaningfully lower tariff rate without India conceding ground on its two non-negotiables: agriculture and dairy? Taking lessons from India's Asian peers that have negotiated a trade deal with the US — including Vietnam, Indonesia, the Philippines and Japan — we expect India to open its market to the US, implying zero tariffs on American goods. Like its peers, we expect India to commit to increasing purchases of energy and defence equipment from the US to bring down its goods trade surplus of $46 billion as of 2024. However, opening up agriculture and dairy sectors to the US remains a key hurdle. These low value-added sectors could impact Indian farmers' livelihoods — especially small ones engaged in dairy production. India's dairy sector accounts for 3 per cent of nominal gross value added and provides a living for over 80 million dairy farmers. In our base case, we would expect a trade deal to happen sooner than later as any lingering uncertainty is a drag to overall growth. As per media reports, the US trade delegation is likely to visit India sometime in the last week of August as part of this discussion. So, we are hoping that something comes out of it. It is interesting that the start date of these additional tariffs, August 27, is a couple of days after the next round of talks between the US and India. India's trade with Russia is clearly an issue for the US. Can India source oil from other countries without a meaningful impact on domestic fuel prices, overall inflation, and the government's finances? India is a net oil importer and we import almost 88 per cent of our oil requirement. So clearly, movements in oil prices will have a very important bearing on our macro stability risks, including current account, inflation, and the government's finances. Hence, it will impact the overall economic growth prospects. Before the Russia-Ukraine conflict began in 2022, Russia's share in India's oil imports was 2 per cent. This rose to 36 per cent in 2024-25. As per UBS' oil analysts, Indian refineries are typically complex because the units are optimised to process the heavier Russian Ural. Further, the price advantage of the Ural crude to Brent, which was very favourable for India when the conflict began in 2022, has now reduced to $2-3 per barrel on a landed cost basis. So, India may not lose much if it shifts away from Russian oil because the savings right now are only $2 billion. But the UBS global energy team has also pointed out that the crude market is only partially pricing supply disruption due to tariff pressures on India. So, it could temporarily drive crude prices above $70 a barrel. But if there is sufficient surplus and OPEC spare capacity, it can definitely cap the upside in prices. There is now a pressure to finish trade deals quickly. Is there anything to be worried about in terms of these deals resulting in India giving up too much during negotiations or not extracting as favourable terms as it could have otherwise? To be fair, India was the first country to come to the table to negotiate with the US and we are still there right now. So, it seems that India is trying to prioritise national interest and it is not in any rush to finish a trade deal quickly. The hope is that we are able to find a balanced deal between India and the US which works to both the countries' benefit. RBI's Monetary Policy Committee stayed put on the repo rate, but you now expect an additional 25 bps rate cut in October given the uncertainty caused by the tariffs. How does one understand this additional easing given that the central bank's latest forecast puts headline retail inflation at 4.9 per cent in April-June 2026? Our inflation forecast for 2025-26 — even before the Reserve Bank of India lowered their estimate by 60 bps to 3.1 per cent — was tracking close to 3 per cent with more downside risk. This is supported by good agricultural output, favourable monsoon, and the lower global crude oil prices. The offloading of excess China capacity in India at cheaper prices could result in a disinflationary impulse. Overlaying this disinflationary impulse with RBI's neutral policy rate assumption of 1.4-1.9 per cent, we see space for the terminal repo rate to fall towards 5-5.25 per cent range. For now, we add one 25 bps rate cut in the October meeting to our baseline, with risk of another (rate cut) if growth surprises lower, driven by US trade tariffs and/or a step shift lower in global growth. Yes, the one-year forward inflation of 4.9 per cent looks very high because of the base effect. But I would expect the new CPI inflation series, which will likely be launched early next year, to streamline that one-year forward inflation forecast. At this point, we think the RBI has kept some ammunition in the form of monetary easing support in case growth risks are skewed towards the downside. The RBI has maintained its 2025-26 GDP growth forecast at 6.5 per cent despite the global uncertainty, although it did trim it back in April by 20 bps from 6.7 per cent. Is the RBI possibly underestimating the hit to growth — not just from the tariffs themselves but also the adverse impact on corporate sentiment from the uncertainty? I would give the RBI some benefit of doubt because the MPC meeting took place before the additional 25 per cent tariff was announced. If we only incorporate the 25 per cent tariff that was in place before the additional tariff got announced after the RBI policy, the downside risk to GDP growth in real terms for 2025-26 was only coming to around 10-15 bps, as per our estimates. You recently launched your rural and urban economic activity indicators, where you said household consumption recovery is expected to become broad-based over the next 2-3 quarters backed by RBI's rate cuts, softer inflation, good monsoon, and income tax relief, among other factors. Will this recovery sustain without an appreciable rise in actual income levels? The UBS India Composite Economic Indicator, our leading indicator with 15 high-frequency data points, suggests economic momentum softened in May. This is in line with our global growth nowcast which suggests that tariffs and global uncertainty dragged growth sharply in May after a resilient April, helped by US tariff front-loading including improved demand, production, and trade. Our activity indicators suggest rural activity improved, while urban activity remained subdued in the June quarter. We note that rural accounts for 46 per cent share of total consumption. Even as rural activity is gaining traction, we believe it is still too early to expect a broad-based recovery in household consumption as urban activity continues to soften. One of the factors supporting our view that household consumption could be the bright spot in 2025-26/2026-27 was urban demand will stabilise on monetary transmission, lower inflation, and policy stimulus from income tax relief and likely fuel price cuts. We were also expecting a pay boost under the pay commission. However, implementation of the Eighth Central Pay Commission seems likely to be delayed to early 2027. While consumption will be growth-supportive, we are not expecting a broad-based household consumption recovery anytime soon. Siddharth Upasani is a Deputy Associate Editor with The Indian Express. He reports primarily on data and the economy, looking for trends and changes in the former which paint a picture of the latter. Before The Indian Express, he worked at Moneycontrol and financial newswire Informist (previously called Cogencis). Outside of work, sports, fantasy football, and graphic novels keep him busy. ... Read More
