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European shares edge higher amid earnings flurry, US tariff blitz

European shares edge higher amid earnings flurry, US tariff blitz

Economic Times2 days ago
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Trump orders deployment of 2 nuclear submarines near Russia as tensions escalate between two superpowers
Trump orders deployment of 2 nuclear submarines near Russia as tensions escalate between two superpowers

India.com

time2 hours ago

  • India.com

Trump orders deployment of 2 nuclear submarines near Russia as tensions escalate between two superpowers

New Delhi: Amid rising tensions with Russia, US President Donald Trump has ordered deployment of two nuclear submarines near Russia. He has also threatened it to face serious consequences. However, he did not say where the submarines will be deployed. Why did Trump deploy nuclear submarines near Russia? Trump informed about this decision on the social media site Truth Social. He blamed the provocative rhetoric of former Russian President Dmitry Medvedev for his decision. During his visit to Scotland on July 28, Trump had announced that Russia has 10 to 12 days to end the Ukraine war. If Russia does not agree to negotiate for a ceasefire during this time, then 'secondary tariffs' will be imposed on countries trading with Russia. What did Trump write on social media post? Trump wrote on the social media site Truth Social, 'Due to the provocative rhetoric of former Russian President and Deputy Chairman of the Security Council Dmitry Medvedev, I have ordered the deployment of two nuclear submarines near Russia, so that provocative statements remain limited to rhetoric only. Words are very precious and sometimes inadvertently serious consequences can be suffered. I hope this will not be such a case.' When Trump called it a dead economy, Russia reminded him of Dead Hand. Dead Hand was an old nuclear weapon control system of Russia that was capable of launching a retaliatory attack even if the country's leadership was gone. Trump called India and Russia 'dead economies' Trump had called India and Russia dead economies after imposing 25% tariff on India on July 30. He had said, 'Let India and Russia sink with their economies, what does it matter to me.' In response to this, former Russian President Dmitry Medvedev had said that the US President has panicked. Medvedev had written on Telegram, 'Trump should remember the dangerous power of the Dead Hand, even though it no longer exists. If the powerful President of America gets so scared by a few words of the former President of Russia, then Russia's path is absolutely correct. We will continue on our path.'

ED calls Anil Ambani for quizzing on August 5 in 'fraud' case, issues lookout notice
ED calls Anil Ambani for quizzing on August 5 in 'fraud' case, issues lookout notice

Time of India

time3 hours ago

  • Time of India

ED calls Anil Ambani for quizzing on August 5 in 'fraud' case, issues lookout notice

. New Delhi: Enforcement Directorate on Friday put travel curbs on Reliance ADAG chief Anil Ambani by issuing a lookout circular after summoning him for questioning at the agency HQ here on Aug 5 in connection with an alleged money laundering racket involving group entities. The summons were based on findings of probes being conducted by multiple agencies. On Friday, ED searched three premises in Bhubaneswar and one in Kolkata after finding alleged evidence of Rs 68-crore fake bank guarantee provided to Solar Energy Corporation of India Limited on behalf of Reliance NU BESS Ltd/Maharashtra Energy Generation Ltd. The guarantee was generated by a shell entity registered in Bhubaneswar, allegedly linked to ADAG. Reacting to the allegations, ADAG said: "The company and its subsidiaries acted bonafidely and have been a victim of fraud, forgery and cheating conspiracy." Due disclosure made to stock exchanges: Reliance ADAG In its defence, Reliance ADAG said, 'The company has made a due disclosure on this to the stock exchanges on Nov 7, 2024. A criminal complaint has already been lodged with the Economic Offence Wing of Delhi Police against the third party on Oct 16, 2024. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Dubai villas | search ads Get Deals Undo The due process of law will follow'. 'Multiple undisclosed bank accounts have been detected having suspicious transactions of several crores of rupees ,' ED sources said. 'Key individuals of the group have been found using Telegram app with 'disappearing messages' enabled, indicating attempts to conceal communication.' ED has registered a separate money laundering investigation based on an FIR registered by economic offences wing of Delhi Police in Nov 2024. Searches took place in Bhubaneswar at three premises of Biswal Tradelink and its directors and one premise of an associated operator. The Bhubaneswar entity, now being allegedly linked to Anil Ambani's group, is a mere paper entity, which was registered at a residential property belonging to an associate, and had suspicious financial transactions with multiple companies. Sources said evidence of generating fake bank guarantees was seized during July 24 searches on ADAG companies. Officials alleged the bank guarantee of Rs 68.2 crore submitted to Solar Energy Corporation of India has been established as fake. 'In an attempt to prove that this fake bank guarantee is genuine, the group used a spoofed email domain. Instead of the domain was deployed to send forged communication to SECI, impersonating SBI,' a source added. ED has sought domain registration details of from National Internet Exchange of India.

‘Just in case these foolish statements are...': Trump orders nuclear sub deployment after Medvedev's 'provocative' remarks
‘Just in case these foolish statements are...': Trump orders nuclear sub deployment after Medvedev's 'provocative' remarks

First Post

time5 hours ago

  • First Post

‘Just in case these foolish statements are...': Trump orders nuclear sub deployment after Medvedev's 'provocative' remarks

'Based on the highly provocative statements of the Former President of Russia, Dmitry Medvedev…, I have ordered two Nuclear Submarines to be positioned in the appropriate regions, just in case these foolish and inflammatory statements are more than just that,' Trump posted on Truth Social read more A day after former Russian President Dmitry Medvedev warned US President Donald Trump about Moscow's Soviet-era nuclear strike capabilities following Trump's remark telling him to 'watch his words', the US President on Friday said he had ordered the deployment of two nuclear submarines in response to what he called 'highly provocative' comments by the Russian leader. 'Based on the highly provocative statements of the Former President of Russia, Dmitry Medvedev, who is now the Deputy Chairman of the Security Council of the Russian Federation, I have ordered two Nuclear Submarines to be positioned in the appropriate regions, just in case these foolish and inflammatory statements are more than just that,' Trump posted on his Truth Social platform. STORY CONTINUES BELOW THIS AD 'Words are very important, and can often lead to unintended consequences, I hope this will not be one of those instances,' he added. Trump did not clarify the exact location or nature—nuclear-powered or nuclear-armed—of the submarines he said were deployed in response to remarks by former Russian President Dmitry Medvedev. The escalating exchange between the two leaders began after Trump labelled Medvedev the 'failed former President of Russia.' Trump, after announcing a new tariff on India and a penalty for its trade relations with Russia, said, 'I don't care what India does with Russia. They can take their dead economies down together, for all I care. We have done very little business with India, their Tariffs are too high, among the highest in the World.' He added, 'Likewise, Russia and the USA do almost no business together. Let's keep it that way, and tell Medvedev, the failed former President of Russia, who thinks he's still President, to watch his words. He's entering very dangerous territory!' Medvedev responded on Thursday via Telegram, writing, 'If a few words from the former president of Russia can provoke such a jittery reaction from the mighty president of the United States, then Russia must be completely in the right.' 'We'll keep moving forward on our own path,' Reuters quoted him as saying. STORY CONTINUES BELOW THIS AD Mocking Trump's 'dead economies' remark, Medvedev referenced Russia's Cold War-era nuclear deterrent system: 'As for 'dead economies' and 'dangerous territory,' maybe he should rewatch his favorite zombie movies and remember just how dangerous the so-called 'Dead Hand,' which doesn't even exist, can be.' While Trump did not specify what exactly triggered his nuclear warning, Medvedev had earlier in the week criticised Trump's push for more sanctions, accusing him of escalating tensions. 'Each new ultimatum is a threat and a step towards war. Not between Russia and Ukraine, but with his own country,' Medvedev wrote on X. With inputs from agencies

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