China's FIERY Attack On Europe After Trump Over Russia Sanctions, Vows Revenge
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.
42.2K views | 20 hours ago

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Hindustan Times
24 minutes ago
- Hindustan Times
Karnataka HC halts deportation of Russian woman's children found living in cave
The Karnataka High Court has intervened to temporarily halt the deportation of a Russian woman's children, emphasising the need to consider their best interests as mandated by the United Nations Convention on the Rights of the Child (UNCRC). Nina Kutina had said there was no danger to her or her children's lives when they lived inside the cave.(ANI) The decision of Justice S Sunil Dutt Yadav came during the hearing of a writ petition that was filed to challenge a sudden deportation order issued against the children. The petitioner, represented by advocate Beena Pillai, argued that the deportation process disregarded the children's welfare and violated UNCRC principles. The assistant solicitor general (ASG), appearing in the matter for the Union of India, informed the court that the children currently lack valid travel or identity documents. Based on this submission, the court observed that immediate deportation was not reasonable at this stage. However, the court stressed the importance of a detailed hearing to thoroughly examine the case. It directed the respondents to submit a written affidavit, confirming the absence of valid documents, and file their objections within two weeks. Additionally, the court issued a clear directive that no deportation plan can be executed without prior intimation to it, effectively stalling any unilateral deportation effort until the next hearing scheduled for August 18. Nina Kutina (40), along with her two daughters Preya (6) and Ama (4), was rescued by police from the Ramatirtha cave at Gokarna in Uttara Kannada district on July 11. Kutina was staying here even though her visa had expired.


Mint
24 minutes ago
- Mint
Oil prices steady with trade talks in focus
NEW YORK (Reuters) -Oil prices were little changed on Wednesday as investors assessed trade developments between the European Union and the U.S. after President Donald Trump reached a tariff deal with Japan. Brent crude futures settled 8 cents, or 0.12%, lower at $68.51 a barrel, while U.S. West Texas Intermediate crude futures were down 6 cents, or 0.09%, at $65.25 per barrel. On Wednesday, EU officials said they were heading towards a trade deal with Washington that would result in a broad 15% tariff on EU goods imported into the U.S., avoiding a harsher 30% levy slated to be implemented from August 1. Just hours earlier, Trump said the U.S. and Japan had struck a trade deal that lowers tariffs on auto imports and spares Tokyo from punishing new levies on other goods in exchange for a $550 billion package of U.S.-bound investment and loans. "The trade deal with Japan might be a template for trade deals with other countries," said Andrew Lipow, president of Lipow Oil Associates. "On the other hand, the market is still concerned about the U.S. coming to an agreement with the European Union and China." The European Commission planned to submit counter-tariffs on 93 billion euros ($109 billion) of U.S. goods for approval to EU members. A vote is expected on Thursday, though no measures would be imposed until August 7. Both benchmarks lost about 1% on Tuesday after the EU said it was considering countermeasures against U.S. tariffs. "The slide (in prices) of the past three sessions appears to have abated, but I don't expect much of an upward impetus from news of the U.S.-Japan trade deal as the hurdles and delays being reported in talks with the EU and China will remain a drag on sentiment," said Vandana Hari, founder of oil market analysis provider Vanda Insights. On the supply side, U.S. Energy Information Administration data showed U.S. crude inventories fell last week by 3.2 million barrels to 419 million barrels, compared with analysts' expectations in a Reuters poll for a 1.6 million-barrel draw. "That's a bullish swing," said Bob Yawger, director of energy futures at Mizuho. "It was largely a function of import-export dynamics." U.S. crude exports were up by 337,000 barrels per day (bpd) to 3.86 million bpd, while net U.S. crude imports fell last week by 740,000 barrels per day, the EIA said. In another bullish sign for the crude market, the U.S. energy secretary said on Tuesday that the U.S. would consider sanctioning Russian oil to end the war in Ukraine. The EU on Friday agreed its 18th sanctions package against Russia, lowering the price cap for Russian crude. (Reporting by Nicole Jao in New York, Enes Tunagur ın London, Mohi Narayan in New Delhi, additional reporting by Colleen Howe in Beijing; Editing by Bernadette Baum, Ed Osmond, Leslie Adler and Daniel Wallis)


NDTV
40 minutes ago
- NDTV
Israel, Ukraine To Hold Talks On Countering "Threats" Posed By Iran
Israel and Ukraine said Wednesday they had agreed to start talks on countering the "threat" posed by Iran, in a sign of deepening ties between the two countries. Both see Iran, a close ally of Russia, as a malign actor on the world stage. Israel has long accused Iran of developing nuclear weapons, an allegation it denies, while Ukraine is regularly attacked from Russia by Iranian-designed drones. Ukrainian Foreign Minister Andriy Sybiga described Iran as an "existential threat" to global security during a joint press conference in Kyiv with Israeli Foreign Minister Gideon Saar -- the most senior Israeli official to visit Ukraine since 2023. "Our countries face common security challenges. Today we have decided to launch a separate dialogue on the Iranian threat," Sybiga said. Saar said any effort to curb Tehran's access to weapons and technology contributed to the security of Europe and Ukraine. "I thank President (Volodymyr) Zelensky and the Ukrainian government for its position that Iran must not have nuclear weapons," he said. Ukraine has expressed frustration at Israel's neutral stance on the Russian invasion, but the two share common interests. Kyiv has long accused Tehran of supplying military hardware to Moscow. Last month, Israel launched a surprise bombing campaign against Iran with the stated aim of destroying military and nuclear sites, an action that Kyiv supported.