‘India unfazed by Trump’s tariffs’: IMF ups forecast to 6.6%, China trails at 4.8%

India’s economy is set to grow 6.6% in FY2025–26, outpacing China and defying global slowdown fears, according to the International Monetary Fund’s latest World Economic Outlook. The IMF’s upgraded forecast signals renewed confidence in India’s economic momentum, driven by strong domestic demand and a rebound in manufacturing and services. The 6.6% projection marks a significant […]

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India’s largest private refinery boosts Middle East oil imports after Russia sanctions

NEW DELHI: India’s largest private refinery and top importer of Russian oil, Reliance Industries, has bought millions of barrels of crude from the Middle East and US after Washington moved to sanction Russia’s two largest oil companies earlier this week. The latest development comes amid trade talks between Delhi and Washington, following US President Donald […]

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How US and EU Sanctions Are Rippling Through Central Asia

By Andrei Matveev Russia’s economy has faced renewed pressure following a fresh round of sanctions imposed this past week by both the European Union and the United States. After abruptly canceling a planned meeting with Vladimir Putin in Budapest, President Donald Trump shifted to a more hardline stance, announcing new sanctions. While these sanctions may […]

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US, China seek to avoid trade war escalation, salvage Trump–Xi meeting in Malaysia talks

Top economic officials from the United States and China ended their first day of talks in Kuala Lumpur on Saturday (25 October), with a Treasury spokesperson describing them as “very constructive.” The world’s two largest economies are looking to avert an escalation of their trade war and ensure that a meeting happens next week between […]

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Beijing’s Wang Huning takes aim at ‘Taiwan independence’ in restoration day address

By Sylvie Zhuang in Beijing Beijing will leave no room for any form of “Taiwan independence” separatist activities, one of Beijing’s most senior leaders said on Saturday, marking the 80th anniversary of the island’s return from Japanese rule. “We should work together to advance the cause of national reunification and must leave no room for […]

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