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By Dr K Srinivasa Rao Despite the ongoing twin crisis – lingering Covid-19 and war between Russia and Ukraine, banks have gained strength in the last couple of years. The RBI’s Financial Stability Report-June 2022 reflects improved asset quality and capital adequacy ratio (CAR). The asset quality of banks continued to improve steadily with the […]
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Colombo: Sri Lankan Energy Minister Kanchana Wijesekera has issued a stark warning over the country’s fuel stocks as it faces its worst economic crisis in more than 70 years. On Sunday, Wijesekera told reporters that the country had 12,774 tonnes of diesel and 4,061 tonnes of petrol left in its reserves, reports the BBC. “The […]
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By Stefan Wolff Against a backdrop of unprecedented turmoil – the first major war in Europe in three decades, the highest inflation rates in decades and a rapidly worsening global food crisis – western leaders have met for two major summits. The G7 met in Germany and Nato leaders gathered in Madrid. The outcomes of […]
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Kiev: In a virtual address to the G7 Summit, Ukrainian President Volodymyr Zelensky said on Monday that he wanted the ongoing war waged by Russia against his country to end before winter. The BBC reported that the Ukrainian President asked the G7 leaders reconstruction aid, anti-aircraft defence systems, help on grain exports and security guarantees. […]
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Kabul: Amir Khan Muttaqi, acting Foreign Minister of the Taliban-led government in Afghanistan, expressed optimism about with the regime’s ties with the international community, saying that more countries are expected to reopen their diplomatic missions in Kabul soon. “We have good relations with all the world and our relations are getting better. We hope to […]
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Colombo: Sri Lanka’s Minister of Power and Energy Kanchana Wijesekera on Sunday said that fuel stations across the country will issue tokens for consumers from Monday as only limited stocks were available. Speaking to journalists in Colombo, Wijesekera said that the assistance of the Sri Lankan Army and police was sought and token numbers would […]
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KievL: Ukraine has submitted a new lawsuit against Russia to the European Court of Human Rights (ECHR) over Moscow’s ongoing illegal invasion of Kiev, says Justice Minister Denys Malyuska. In a statement, the Justice Ministry said the lawsuit addresses “Russia’s egregious human rights violations during the initial phase of the war, from the onset of […]
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Hyderabad: The expose of the Narendra Modi government’s ‘power-play’ in the Sri Lanka-Adani green energy plant deal doesn’t seem to have had any impact on the Centre as is evident from its continued efforts to favour certain corporate giants. The latest exercise in this direction has been in the contentious coal imports, with the BJP […]
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Statelessness is a human problem with no easy end in sight. Power rests with the nations that make policy dictating whether a refugee has a nation they can call home
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Moscow: Russian gas giant Gazprom has announced that it will shut down another turbine engine on the Nord Stream 1 natural gas pipeline, thus significantly reducing the amount of gas delivery to Europe. “As Germany’s Siemens, the manufacturer of the gas turbine engines, failed to provide the overhaul service in time, Gazprom decided to stop […]
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Hyderabad: Leading importers and distributors of newsprint and paper Poddar Global Private Limited brought a chartered break bulk vessel M/V LADA carrying standard newsprint from Russia. This is to ease the tightening newsprint supplies to Indian newspapers, It arrived at Mumbai Port on June 5. It is the first time after 25 years Russia has […]
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Kiev: Ukrainian President Volodymyr Zelensky said that Russia may lose more than 40,000 soldiers by the end of June. In a video address on Sunday, the President said: “The Russian army is trying to deploy reserve troops in Donbas. But what reserves can they speak of right now? “It seems that they will throw poorly trained […]
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Rome: Russia’s ongoing war in Ukraine has a significant impact on the global food markets and could leave an additional 11 to 19 million people with chronic hunger, the UN’s Food and Agricultural Organization (FAO) warned. FAO spokesperson Boubaker Ben Belhassen told reporters that the two warring nations are major producers of agricultural commodities in […]
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By Sarah Schiffling, Nikolaos Valantasis Kanellos Twenty million tonnes of grain are currently stuck in Ukrainian silos, exacerbating the global food crisis sparked by Russia’s invasion of the country. Aside from the need to get the grain onto world markets, freeing up storage space will be crucial to make room ahead of the country’s next […]
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Moscow: Following a freeze on activities in Russia earlier this year, IBM CEO Arvind Krishna has informed employees that the company is ending all operations in the country and has begun laying off employees. In a letter shared with the employees, Krishna stated that the company’s focus for months has been on looking after the […]
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Hyderabad: Two days before he ordered the invasion of Ukraine, Russian President Vladimir Putin in his long-winded, unhinged and bizarre speech while expressing his grievances against the West for its eastward expansion of NATO allegedly threatening Russia’s security, dismissed Ukraine’s existence as a state, stating it was a fiction and created by Lenin in 1922. […]
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Kiev: Russia’s ongoing war against Ukraine completed 100 days on Friday, with Moscow’s forces now in control of 20 per cent of Ukrainian territory. On the eve of the anniversary, Ukraine’s President Volodymyr Zelensky said up to 100 of his soldiers were dying each day as they resisted Russia’s push to control the country’s eastern […]
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Kyiv: Ukrainian President Volodymyr Zelenskyy said Wednesday that 2,00,000 children are among the Ukrainians who have been forcefully taken to Russia and dispersed across the vast country. They include children from orphanages, children taken with their parents and those separated from their families. “The purpose of this criminal policy is not just to steal people […]
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New York: India has voted for a United States-sponsored resolution to strengthen sanctions on North Korea which was vetoed by China and Russia. The US launched the unsuccessful effort on Thursday to punish North Korea which had tested three missiles on Wednesday after US President Joe Biden had wrapped up a visit to South Korea […]
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Kiev: The Ukrainian Foreign Ministry has condemned the decree signed by Russian President Vladimir Putin, which allows residents of Ukraine’s southern Zaporizhzhia and Kherson regions to apply for Russian citizenship under a fast-track procedure. “The decree of the President of Russia is legally null and void and will have no legal consequences,” the ministry was […]
