Category: International News

India will not join RCEP trade deal in blow to sprawling Asian pact

India said Monday it would not join a sprawling Asian trade pact, dealing a blow to the China-backed deal at the end of a Bangkok summit held against a backdrop of global growth fears. The Regional Comprehensive Economic Partnership (RCEP) was meant to account for 30 percent of […]

Kartarpur ready to welcome Sikh pilgrims for 550th birth anniversary of Guru Nanak Dev: Imran

Islamabad, Nov 3: Pakistan Prime Minister Imran Khan on Sunday shared some of the dazzling pictures of the Kartarpur complex and Gurdwara Darbar Sahib, saying the revered venue is ready to welcome the Sikh pilgrims for the 550th birth anniversary celebrations of Guru Nanak Dev. The pictures were shared […]

Nawaz Sharif remains critical, platelets again: personal physician

Lahore, Nov 2: Former Pakistan prime minister Nawaz Sharif’s health condition remains critical as his platelet count has dropped again, a day after it rose to 51,000, his personal physician said on Saturday. Sharif, 69, was admitted to the Services Hospital on Monday night from Pakistan’s anti-graft body’s custody […]

India’s October jobless rate rises to 8.5%, highest in over 3 years – CMIE

NEW DELHI – India’s unemployment rate in October rose to 8.5%, the highest since August 2016, and up from 7.2% in September, according to data released by the Centre for Monitoring Indian Economy (CMIE)on Friday, reflecting the impact of a slowdown in the economy. India’s infrastructure output fell […]

Softening demand drags Indian factory growth to two-year low in October – PMI

BENGALURU – India’s factory activity growth hit a two-year low in October as new orders and output rose at a slower pace, dragging business confidence to its weakest since early 2017, a survey showed on Friday, suggesting more policy easing is on the cards.FILE PHOTO: A general view […]

Saudi Aramco to keep 4.6 million barrels of oil in Indian storage: government

NEW DELHI – India will lease a quarter of its strategic petroleum reserve in Padur to Saudi Aramco to store about 4.6 million barrels of oil, a government official said on Wednesday, as New Delhi seeks global investment in its expanding energy infrastructure. Global oil producers are eager […]

Amazon pumps in more than $600 million into India units 2 MIN READ

BENGALURU – Amazon.com Inc (AMZN.O) has invested around 45 billion rupees ($634.20 million) into its Indian subsidiaries as the Seattle-based e-commerce giant ramps up operations in one of its fastest growing markets. Documents filed with the Registrar of Companies showed that Amazon had pumped the money into its […]

India and Germany likely to sign agreement on artificial intelligence

NEW DELHI – Germany and India are likely to sign agreements including a partnership on the use of artificial intelligence in farming during a three-day visit to New Delhi by Chancellor Angela Merkel that begins on Thursday, the German ambassador said. Merkel will be accompanied by several cabinet […]

U.S. Fed cuts interest rates, signals it is on hold

WASHINGTON – The Federal Reserve on Wednesday cut interest rates for the third time this year to help sustain U.S. growth despite a slowdown in other parts of the world, but signaled there would be no further reductions unless the economy takes a turn for the worse. “We […]

Indian lobby group warns of telecoms catastrophe, Reliance disagrees

Bharti and Vodafone Idea have been spooked by the Indian Supreme Court’s decision last week to uphold a government demand that will force the companies to pay the bulk of 920 billion rupees ($13 billion) in overdue levies and interest. The Cellular Operators Association of India (COAI) lobby […]

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