Spanish Prime Minister Pedro Sánchez has strongly criticized the ongoing military strikes against Iran, describing the escalation in the Middle East as a “disaster” and warning that the world cannot risk repeating the mistakes of history. His remarks come shortly after a trade threat was issued to Spain in response to Madrid’s refusal to allow two jointly operated military bases on Spanish territory to be used in the strikes. In a televised address, Sánchez emphasized the dang

Pakistan has offered Bangladesh the use of its Karachi port for exporting jute and other goods, marking a significant geopolitical move amid deteriorating India-Bangladesh relations. The offer comes shortly after India banned the import of jute products through land routes, a major blow to Bangladesh’s export sector. The development was formalized during the Pakistan-Bangladesh Joint Economic Commission (JEC) meeting in Dhaka, held after a gap of nearly 20 years, signaling a thaw in relatio

In response to rising trade tensions, the Prime Minister’s Office (PMO) will convene a high-level meeting on August 26, 2025, to discuss measures for Indian exporters facing the upcoming 50% tariff on goods entering the United States. This tariff increase, which comes into effect starting Wednesday, marks a significant escalation, with the US government doubling existing duties on Indian imports. Sources famil

Tensions between Iran and Israel surged dangerously on Wednesday as Iran’s Islamic Revolutionary Guard Corps (IRGC) launched a Fattah-1 hypersonic missile toward Tel Aviv, marking its first reported use in the ongoing war. The strike occurred in the early hours of the sixth day of open hostilities between the two regional powers. Israeli authorities confirmed multiple explosions over Tel Aviv, while retaliatory airstrikes hit military sites near Tehran a

President Donald Trump has announced plans to double tariffs on steel imports to 50%, up from the existing 25%, as part of his administration’s effort to reinforce domestic manufacturing and ensure long-term industrial independence. Speaking to American steelworkers during a visit to a steel facility in Pennsylvania, Trump emphasized that his administration remains committed to policies that protect American jobs and prevent foreign dominance in vital sectors. Trump’s

In a recent address from Morristown, New Jersey, U.S. President Donald Trump reaffirmed his administration's commitment to using tariffs as a tool to boost domestic manufacturing, particularly in sectors such as military equipment and advanced technology. Speaking before boarding Air Force One, Trump clarified that his tariff agenda is not intended to revive traditional textile production like sneakers and T-shirts, but rather to prioritize manufacturing of tanks, artificial intelligence

The United States and China are expected to provide more clarity on the progress made during a series of marathon trade discussions held over the weekend in Geneva. These talks brought together high-level officials from both countries, and their outcomes may mark a turning point in ongoing efforts to resolve longstanding economic tensions between the two largest global economies. While full details have not yet been disclosed, early signals from both sides suggest cautious optimis

The Indian Premier League (IPL) 2025 has been suspended indefinitely, following growing hostilities between India and Pakistan. The decision, confirmed by a senior BCCI official on Friday, came in the wake of heightened military tension, multiple air raid alerts, and nationwide blackouts that disrupted not just civilian life but also major sporting events. The league’s suspension was triggered by the mid-match cancellation of Thursday’s clash between Punjab Kings and D

Stock futures rose sharply on Thursday following an announcement from President Donald Trump that the United States and the United Kingdom have finalized a major trade agreement. This development sparked enthusiasm across Wall Street, especially in technology stocks, and contributed to a strong premarket rally. Futures tied to the Dow Jones Industrial Average gained 303 points, a 0.7% increase, while futures on the S&P 500 and Nasdaq

In a calibrated military offensive launched in response to the Pahalgam terror attack that killed 26 people, India executed targeted air strikes under the codename Operation Sindoor. Conducted late Wednesday night, the operation struck nine key terror installations across Pakistan and Pakistan-occupied Kashmir (PoK), focusing on eliminating infrastructure linked to the Jaish-e-Mohammed (JeM) and Lashkar-e-Taiba (LeT). Sources revealed that four targets were located within

In a historic move, the Government of India has scheduled a nationwide mock drill for May 7, 2025 the first such exercise since the 1971 Indo-Pak war. In light of rising tensions with Pakistan following the recent terrorist attack in Pahalgam, Jammu and Kashmir, the Ministry of Home Affairs (MHA) has issued urgent directives for states to prepare their civil defence systems. The upcoming drill aims to assess and strengthen the country's readiness in the event of a hostile attack.

In a significant escalation of tensions following the deadly terror attack in Pahalgam, the Indian government has announced a complete ban on all imports from Pakistan. The decision, announced by the Ministry of Commerce, comes in the wake of mounting national security concerns and is seen as part of a broader strategy to isolate Pakistan diplomatically and economically on the global stage. The notification issued by the Indian government clearly states that "direct or indirect

In a significant development affecting international aviation routes, many of the world’s leading airlines have begun voluntarily avoiding Pakistani airspace, even though they are not officially banned from using it. This move comes in response to the escalating tensions between India and Pakistan, which have resulted in mutual airspace restrictions. While Indian and Pakistani carriers are officially barred from using each other’s airspace, several Western carriers are taking proa

 Apple is taking a major strategic step by shifting a significant portion of its iPhone production for the US market to India. The move, confirmed by CEO Tim Cook, is largely driven by economic factors, especially the sharp difference in tariff rates between goods produced in India and China. According to Cook, the cost of exporting iPhones from India to the United States is much lower due to the 10 percent tariff, compared to the far higher rate imposed on Chinese imports. While Apple cont

In the days following the brutal terror attack in Pahalgam, Jammu and Kashmir, which claimed the lives of 26 civilians, India has launched an intense diplomatic campaign to spotlight Pakistan’s alleged involvement. External Affairs Minister S Jaishankar has been at the forefront of this effort, engaging with leaders and diplomats from around the world to build pressure and rally support. According to his public posts and government sources, Jaishankar has spoken to representat

Veteran emerging markets investor Mark Mobius has shifted nearly all of his investments into cash, citing ongoing global trade tensions and market uncertainty. In an interview with Bloomberg Television, Mobius said that he currently has around 95% of his funds in cash, declaring that “cash is king” as the global economy navigates unstable trade dynamics. Mobius, who has over three decades of experience investing across developing markets and co-founded Mobius Capital P

 Adidas has confirmed that U.S. tariffs introduced under former President Donald Trump will eventually lead to price increases on all of its products sold in the American market. The German sportswear company made the statement on Tuesday while presenting a strong financial performance for the first quarter, though it acknowledged that continued global trade uncertainty was holding back its growth forecast. The sportswear giant said it could not yet determine exactly how much

The United States has expressed deep concern over escalating tensions between India and Pakistan following the recent terror attack in Pahalgam, which claimed the lives of 26 people. In a statement issued on Monday, the U.S. State Department emphasized the importance of both nations adopting a responsible and peaceful approach to resolving the crisis. The message comes in the wake of growing uncertainty and strain between the two nuclear-armed neighbors, with the international community watch

 Emerging markets in Southeast Asia are increasingly asserting their autonomy amid the growing intensity of the US-China trade war. As tensions between the two global powers escalate, nations like Vietnam, Malaysia, and Cambodia are finding ways to shield their economies by enhancing intra-regional cooperation and embracing diversified strategies. While the pressure to align with either the US or China is immense, these nations are pursuing a third path—supporting their own regional i

Tensions between India and Pakistan escalated sharply this week after a deadly terrorist attack in Jammu and Kashmir’s Pahalgam left 26 people dead, including civilians and tourists. The fallout has now extended to international air travel and diplomatic ties. In a significant move on Thursday, Pakistan closed its airspace to all Indian-owned or -operated airlines, triggering travel disruptions and widespread concern. Indian carriers IndiGo and Air India have already issued public warni