Air India Crash: Modi Govt Slams Western Media For Blaming Pilot Over Engine Fiasco
Russian Deputy Foreign Minister Sergey Ryabkov clarified that BRICS nations don't aim to replace the US dollar, but rather seek alternatives for mutual settlements to circumvent US sanctions. He stated BRICS intends to trade in national currencies, with Russia already conducting 90% of payments with partners in local denominations. This counters US President Trump's concerns and threats of tariffs on BRICS countries, who are also developing "BRICS Pay," a decentralized blockchain payment system for cross-border transactions.
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First Post
22 minutes ago
- First Post
Gaza, Ukraine and beyond: Is Trump's bid to be a global peacemaker falling apart?
The United States cutting short Gaza ceasefire talks this week plunges one of President Donald Trump's pushes to solve global conflicts into new uncertainty. read more The United States' decision to withdraw from Gaza ceasefire negotiations this week has cast fresh doubt over President Donald Trump's attempts to resolve some of the world's most intractable conflicts. The faltering of talks aimed at ending the 21-month war between Israel and Hamas marks another setback for Trump whose efforts to broker international peace agreements have stalled across multiple fronts. Though back in office for only six months, the Republican president has sought to position himself as a global peacemaker. Some of his aims, such as ending the Ukraine war before taking office, have yet to materialise. STORY CONTINUES BELOW THIS AD While Trump has cited humanitarian motives for his diplomatic pursuits, he has also been vocal about his desire to win the Nobel Peace Prize. Several allies have nominated him for the honour. Ceasefire efforts in Gaza: No major progress Trump's special envoy, Steve Witkoff, announced Thursday that the U.S. was recalling its negotiating team from Qatar. Talks there had failed to yield a breakthrough. Witkoff accused Hamas of not engaging in 'good faith', though he did not elaborate. Despite a visit to Washington earlier this month by Israeli Prime Minister Benjamin Netanyahu, the negotiations have produced little progress. Witkoff said the U.S. would now 'consider alternative options to bring the hostages home', but officials declined to provide further details. Asked about the issue on Friday, Trump told reporters that Hamas was uninterested in a deal and added, 'I think what's going to happen is they're going to be hunted down.' Ukraine war: Stalemate persists Trump previously vowed to end the Russia-Ukraine conflict within 24 hours of assuming office, but the war continues with no sign of resolution. Despite increasing criticism of Russian President Vladimir Putin, Trump has not supported a bipartisan U.S. sanctions bill. Instead, he gave Russia 50 days to accept a peace plan, delaying punitive measures. STORY CONTINUES BELOW THIS AD This delay has allowed Moscow to intensify its military offensive. Ukrainian President Volodymyr Zelenskyy has reiterated his willingness to hold direct talks with Putin, but Russia has rejected the offer. Lower-level negotiations held in Istanbul on Wednesday ended without progress. Russia continues to demand that Ukraine withdraw from four regions it annexed in 2022 and abandon its NATO ambitions, terms Kyiv and its Western backers have rejected. Iran conflict: Ceasefire but no nuclear deal The US and Israel recently carried out joint strikes on Iran's nuclear infrastructure, leading to a fragile ceasefire. However, Washington has not yet reached any agreement with Tehran over its nuclear programme. An Iranian diplomat said this week that Tehran is open to talks with the US but only if steps are taken to rebuild trust. Meanwhile, Iran is also exploring a separate negotiation path with Britain, France and Germany—three parties to the 2015 nuclear deal that Trump withdrew from during his previous term. Foreign ministers from the four countries met Friday in Istanbul, warning that sanctions could be reinstated if there is no movement on a new deal by August. STORY CONTINUES BELOW THIS AD Progress on some fronts Despite the setbacks, Trump has managed to broker certain regional agreements. In June, the US facilitated a peace accord between Rwanda and the Democratic Republic of Congo, ending years of tension. The agreement includes commitments to cease hostilities, respect each other's sovereignty and grant US access to critical minerals. In May, the Trump administration claimed to de-escalate tensions between India and Pakistan following cross-border strikes. However, India denied any international interference. Earlier in July, US special envoy Tom Barrack announced a limited ceasefire between Israel and Syria following Israeli intervention in the latter's internal conflict. While the ceasefire was hailed as a success, the episode disrupted efforts to normalise relations between the two nations. With inputs from agencies
Time of India
an hour ago
- Time of India
What Macron says doesn't matter: Donald Trump
US President Trump on Friday dismissed French President Macron's plan to recognize a Palestinian state with 'what he says doesn't matter.' 'He's a very good guy. I like him, but that statement doesn't carry weight... He's a team player, pretty much. But here's the good news: What he says doesn't matter. It's not going to change anything,' Trump said. Secretary of state Marco Rubio describing Macron's move as 'reckless.' (This is a Reuters' story)
Time of India
an hour ago
- Time of India
EU sanctions Indian arm of UAE-based shipping company
New Delhi: Intershipping Services Hub Private Ltd , the Indian branch of the United Arab Emirates (UAE)-based entity, has been sanctioned by the European Union (EU). Captain Abhinav Kamal, the Indian-origin captain of crude oil tanker Argent also faces sanctions, the first and the only Indian to be sanctioned by the EU in connection with the Russia-Ukraine conflict , according to sector watchers. The company is under fire for providing cover to ships engaged in trade with Russian entities . The sanctions are not extraterritorial and only apply to EU citizens, territory and companies. The Indian government too maintains it does not subscribe to any unilateral sanction measures. Explore courses from Top Institutes in Please select course: Select a Course Category Cybersecurity Design Thinking Finance Product Management Degree healthcare CXO others Data Analytics Digital Marketing Management Leadership Technology Data Science Healthcare MBA PGDM Operations Management Others Project Management Public Policy Artificial Intelligence Data Science MCA Skills you'll gain: Duration: 10 Months MIT xPRO CERT-MIT xPRO PGC in Cybersecurity Starts on undefined Get Details "This means the assets that Intershipping Services LLC holds in Europe will be frozen and European citizens and companies cannot make money available to it, hence cannot do business," an EU official told ET on condition of anonymity. Since the sanctions do not apply to any non-EU entities doing business with Intershipping Services Hub, the company can court non-EU suitors, said the people cited earlier. However, Kamal may find the going tough since the global maritime industry has vast linkages with the EU, they said. Now, Kamal cannot board or provide services to any of these EU associated vessels. The bloc has accused Kamal of providing material, technical or financial support to the operations of a vessel that transports Russia-linked crude oil or petroleum products. Live Events Economic Times WhatsApp channel )
