NEW DELHI, India, March 26, 2026 — Narendra Modi on Thursday warned that ongoing global conflicts could trigger a prolonged energy crisis, posing significant risks to economies worldwide, including India.
Addressing Parliament, Modi struck a balanced yet firm tone, cautioning that continued geopolitical tensions may disrupt global energy markets and supply chains. He sai
NEW DELHI, India, March 26, 2026 — Narendra Modi on Thursday warned that ongoing global conflicts could trigger a prolonged energy crisis, posing significant risks to economies worldwide, including India.
Addressing Parliament, Modi struck a balanced yet firm tone, cautioning that continued geopolitical tensions may disrupt global energy markets and supply chains. He sai
In response to the escalating crisis in the Middle East, Russia is preparing to ship 9.5 million barrels of crude oil to India. This move comes as India faces severe supply disruptions, particularly after Iranian attacks targeted vessels in the Strait of Hormuz, a critical oil route that handles 40% of India's crude imports. The current geopolitical tensions have left India vulnerable, as its crude stocks cover only about 25 days of demand, and inventories of refined products like gasoline, g
In response to the escalating crisis in the Middle East, Russia is preparing to ship 9.5 million barrels of crude oil to India. This move comes as India faces severe supply disruptions, particularly after Iranian attacks targeted vessels in the Strait of Hormuz, a critical oil route that handles 40% of India's crude imports. The current geopolitical tensions have left India vulnerable, as its crude stocks cover only about 25 days of demand, and inventories of refined products like gasoline, g
The global shipping industry is grappling with mounting financial strain as escalating conflict involving the United States, Israel, and Iran disrupts maritime traffic through the Strait of Hormuz. Within three days of hostilities and retaliatory strikes across the Gulf region, freight markets have recorded sharp increases in costs, with industry estimates pointing to potential losses amounting to tens of billions of dollars per day.
The Strait of Hormuz, a critical chokepoint for m
The global shipping industry is grappling with mounting financial strain as escalating conflict involving the United States, Israel, and Iran disrupts maritime traffic through the Strait of Hormuz. Within three days of hostilities and retaliatory strikes across the Gulf region, freight markets have recorded sharp increases in costs, with industry estimates pointing to potential losses amounting to tens of billions of dollars per day.
The Strait of Hormuz, a critical chokepoint for m
India and the United States are moving closer to concluding what officials describe as a landmark trade agreement, with External Affairs Minister S. Jaishankar indicating that the final details are being worked out and an announcement could come soon. Speaking at the conclusion of his visit to Washington on February 5, Jaishankar said negotiations had reached an advanced stage and expressed confidence that the pact would usher in a new phase of cooperation between the two countries.
India and the United States are moving closer to concluding what officials describe as a landmark trade agreement, with External Affairs Minister S. Jaishankar indicating that the final details are being worked out and an announcement could come soon. Speaking at the conclusion of his visit to Washington on February 5, Jaishankar said negotiations had reached an advanced stage and expressed confidence that the pact would usher in a new phase of cooperation between the two countries.
United Parcel Service announced Tuesday that it plans to eliminate approximately 30,000 positions during the current year as the company continues to wind down its longstanding business relationship with Amazon and executes a broader, multi-year turnaround strategy. The workforce reduction is expected to be driven primarily by lower shipping volumes connected to the gradual exit from Amazon-related operations.
Speaking during a conference call with analysts following the release of
United Parcel Service announced Tuesday that it plans to eliminate approximately 30,000 positions during the current year as the company continues to wind down its longstanding business relationship with Amazon and executes a broader, multi-year turnaround strategy. The workforce reduction is expected to be driven primarily by lower shipping volumes connected to the gradual exit from Amazon-related operations.
Speaking during a conference call with analysts following the release of
The strategic rivalry between the United States and China in the semiconductor sector continued to intensify throughout 2025, with export controls remaining a central instrument in what has come to be known as the global chip war. The dispute, rooted in concerns over national security, technological leadership and economic influence, significantly affected the semiconductor industry, global supply chains and investment decisions during the year.
At the start of 2025, the United States maintained restrictions on the export of advanced artificial intelligence chips and related technologies to China. These controls were designed to limit Beijing’s access to cutting-edge computing capabilities that could be applied to military and surveillance technologies. US officials defended the measures as necessary to protect national security interests, but the restrictions had immediate commercial consequences for American chipmakers with strong exposure to the Chinese market.
Companies producing high-performance AI chips, including industry leaders such as Nvidia, reported revenue pressures linked to reduced access to Chinese customers. The curbs also led to higher compliance costs and uncertainty over long-term market strategies. Industry executives warned that prolonged restrictions could weaken the global competitiveness of US firms while accelerating China’s efforts to develop independent semiconductor capabilities.
Policy signals shifted after Donald Trump assumed the US presidency in January. His administration moved to ease certain export controls on advanced AI chips for what were described as approved customers in China. Under the revised framework, sales of Nvidia’s H200 chip were permitted, subject to conditions that included profit-sharing arrangements with the US government. The adjustments were widely interpreted as an attempt to balance national security concerns with the commercial interests of American technology companies.
China responded to the US measures by criticising what it described as discriminatory semiconductor policies and urging Washington to reverse the controls. Beijing argued that the restrictions were disrupting global supply chains and undermining fair competition in the semiconductor industry. At the same time, Chinese authorities accelerated domestic initiatives aimed at strengthening the country’s chip manufacturing ecosystem and reducing reliance on foreign suppliers.
As part of its response, China imposed export controls on several rare earth elements, materials that are essential for semiconductor production and advanced electronics. China holds a dominant position in the global rare earth supply, making these measures a powerful lever in the broader technology competition. The restrictions heightened concerns among manufacturers worldwide about material availability and supply chain resilience.
The prolonged US-China chip war had ripple effects across global markets. American and allied semiconductor firms experienced volatility in revenues and share prices as companies reassessed exposure to geopolitical risk. Investment patterns shifted as manufacturers sought to diversify production and sourcing to reduce dependence on any single market. Chinese technology firms increasingly turned to domestic suppliers, accelerating efforts to replace restricted foreign components with locally developed alternatives.
In parallel, the United States expanded its focus on strengthening domestic semiconductor production through subsidy programmes under the CHIPS Act. The initiative supported the construction of new fabrication plants and aimed to secure long-term technological leadership by rebuilding advanced manufacturing capacity within the country.
By late 2025, both Washington and Beijing took limited steps to ease tensions, agreeing to suspend certain rare earth export controls. While the move signalled a willingness to manage escalation, the underlying competition in advanced chip technologies remained unresolved. The year underscored how deeply the semiconductor rivalry has become embedded in global trade, industrial policy and national security calculations, with lasting implications for the future of the technology sector.
The strategic rivalry between the United States and China in the semiconductor sector continued to intensify throughout 2025, with export controls remaining a central instrument in what has come to be known as the global chip war. The dispute, rooted in concerns over national security, technological leadership and economic influence, significantly affected the semiconductor industry, global supply chains and investment decisions during the year.
At the start of 2025, the United States maintained restrictions on the export of advanced artificial intelligence chips and related technologies to China. These controls were designed to limit Beijing’s access to cutting-edge computing capabilities that could be applied to military and surveillance technologies. US officials defended the measures as necessary to protect national security interests, but the restrictions had immediate commercial consequences for American chipmakers with strong exposure to the Chinese market.
Companies producing high-performance AI chips, including industry leaders such as Nvidia, reported revenue pressures linked to reduced access to Chinese customers. The curbs also led to higher compliance costs and uncertainty over long-term market strategies. Industry executives warned that prolonged restrictions could weaken the global competitiveness of US firms while accelerating China’s efforts to develop independent semiconductor capabilities.
Policy signals shifted after Donald Trump assumed the US presidency in January. His administration moved to ease certain export controls on advanced AI chips for what were described as approved customers in China. Under the revised framework, sales of Nvidia’s H200 chip were permitted, subject to conditions that included profit-sharing arrangements with the US government. The adjustments were widely interpreted as an attempt to balance national security concerns with the commercial interests of American technology companies.
China responded to the US measures by criticising what it described as discriminatory semiconductor policies and urging Washington to reverse the controls. Beijing argued that the restrictions were disrupting global supply chains and undermining fair competition in the semiconductor industry. At the same time, Chinese authorities accelerated domestic initiatives aimed at strengthening the country’s chip manufacturing ecosystem and reducing reliance on foreign suppliers.
As part of its response, China imposed export controls on several rare earth elements, materials that are essential for semiconductor production and advanced electronics. China holds a dominant position in the global rare earth supply, making these measures a powerful lever in the broader technology competition. The restrictions heightened concerns among manufacturers worldwide about material availability and supply chain resilience.
The prolonged US-China chip war had ripple effects across global markets. American and allied semiconductor firms experienced volatility in revenues and share prices as companies reassessed exposure to geopolitical risk. Investment patterns shifted as manufacturers sought to diversify production and sourcing to reduce dependence on any single market. Chinese technology firms increasingly turned to domestic suppliers, accelerating efforts to replace restricted foreign components with locally developed alternatives.
In parallel, the United States expanded its focus on strengthening domestic semiconductor production through subsidy programmes under the CHIPS Act. The initiative supported the construction of new fabrication plants and aimed to secure long-term technological leadership by rebuilding advanced manufacturing capacity within the country.
By late 2025, both Washington and Beijing took limited steps to ease tensions, agreeing to suspend certain rare earth export controls. While the move signalled a willingness to manage escalation, the underlying competition in advanced chip technologies remained unresolved. The year underscored how deeply the semiconductor rivalry has become embedded in global trade, industrial policy and national security calculations, with lasting implications for the future of the technology sector.
Finance Minister Nirmala Sitharaman on Friday emphasized that India cannot afford to remain a passive spectator as geopolitical conflicts, sanctions, and tariffs continue to reshape global supply chains. Speaking at the inauguration of the Kautilya Economic Conclave 2025 in New Delhi, she said that India’s economy has shown remarkable resilience in the face of disruptions, but it must play a proactive role to secure its future.
Sitharaman highlighted how global uncertainty is
Finance Minister Nirmala Sitharaman on Friday emphasized that India cannot afford to remain a passive spectator as geopolitical conflicts, sanctions, and tariffs continue to reshape global supply chains. Speaking at the inauguration of the Kautilya Economic Conclave 2025 in New Delhi, she said that India’s economy has shown remarkable resilience in the face of disruptions, but it must play a proactive role to secure its future.
Sitharaman highlighted how global uncertainty is
