Trump warns Putin of 'very severe consequences' if he doesn't end war in Ukraine
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Yahoo
22 minutes ago
- Yahoo
Trump Hits India With 50% Tariff -- Modi Strikes Back by Rebuilding Ties With China
India is inching closer to Beijing. After US President Donald Trump doubled down with a 50% tariff on Indian goodspunishing New Delhi over discounted Russian oil purchasesPrime Minister Narendra Modi is quietly reopening the China playbook. Direct flights between the two neighbors, suspended since 2020, could resume as early as next month. According to people familiar with the matter, the announcement may coincide with Modi's first China visit in seven years for the Shanghai Cooperation Organisation summit. Beijing, also under pressure from Trump's trade war, just eased urea export curbs to Indiathe world's biggest buyer of the fertilizerhinting it's open to a broader reset. Warning! GuruFocus has detected 3 Warning Signs with CAH. Meanwhile, signs of a thaw are showing up across sectors. India has resumed tourist visas for Chinese nationals after years of curbs, and the urea trade reopening marks a rare economic gesture from Beijing. These developments suggest a cautious but notable warming of ties. This isn't about alignmentit's about options. With U.S. pressure rising, Modi may be recalibrating India's external relationships in real time. If Washington closes one door, New Delhi seems ready to open two elsewhere. Trump's trade blitz may have done what years of diplomacy couldn'tpush India deeper into the BRICS fold. Modi has invited Putin to visit, expanded Mercosur trade talks with Brazil, and directly challenged Trump's claims of brokering peace with Pakistan. For investors, the implications could be far-reaching. The tariff fight might accelerate closer ChinaIndia coordination on green tech, supply chain resilience, and emerging market trade. As the world's two most populous nations recalibrate, capital may follow the thaw. This article first appeared on GuruFocus. Sign in to access your portfolio
USA Today
23 minutes ago
- USA Today
South Sudan denies talks with Israel to resettle Palestinians from Gaza
The Associated Press, citing six sources, reported Israel was holding discussions with South Sudan to resettle Palestinians from Gaza. NAIROBI − South Sudan is not in talks with Israel to resettle Palestinians from war-torn Gaza, South Sudan's foreign ministry said on August 13. The Associated Press, citing six people with knowledge of the matter, reported that Israel was holding discussions with South Sudan to resettle Palestinians from Gaza in the East African nation. "These claims are baseless and do not reflect the official position or policy of the Government of the Republic of South Sudan," South Sudan's foreign affairs ministry said in a statement. More: Hamas hostage videos silenced Israeli media's talk of Gaza aid crisis Israel's military has pounded Gaza City in recent days prior to its planned takeover of the shattered enclave which is home to more than 2 million Palestinians. Israeli Prime Minister Benjamin Netanyahu on aUGUST 13 reiterated a view − also enthusiastically floated by President Donald Trump − that Palestinians should simply leave Gaza. Many world leaders are horrified at the idea of displacing the Gaza population, which Palestinians say would be like another "Nakba" (catastrophe), when hundreds of thousands fled or were forced out during the Arab-Israeli war of 1948. In March, Somalia and its breakaway region of Somaliland also denied receiving any proposal from the United States or Israel to resettle Palestinians from Gaza, with Mogadishu saying it categorically rejected any such move. South Sudan's Foreign Minister Monday Semaya Kumba visited Israel last month and met with Netanyahu, according to the foreign ministry in Juba. More: Israel approves plan to take control of Gaza City Last month South Sudan's government confirmed that eight migrants deported to the African nation by the Trump administration were currently in the care of the authorities in Juba after they lost a legal battle to halt their transfer. Since achieving independence from Sudan in 2011, South Sudan has spent nearly half its life at war and is currently in the grip of a political crisis, after President Salva Kiir's government ordered the arrest of Vice President Riek Machar in March.
Bloomberg
24 minutes ago
- Bloomberg
Festivals and Parades Are Canceled Amid US Immigration Anxiety
Pittsburgh had planned to host its first-ever local World Cup this summer, a community soccer competition inspired by the global tournament and aimed at celebrating the city's cultural diversity. The weeks-long event, which was set to begin in June, would have featured teams made up of residents from the city's vast immigrant community, who'd play under the flags of their national origins. But city officials called off the games amid growing anxieties over President Donald Trump's immigration crackdown. The city also canceled its annual International Parade and Festival, which previously brought out vendors and performers from dozens of cultural groups. In a statement from Mayor Ed Gainey's office to Bloomberg, spokesperson Olga George said both events were canceled out of 'an abundance of caution' after consulting with residents and community stakeholders.
