Sanctions on Iran: Oil prices hit highest in years

Singapore:  Oil prices clocked up more multi-year highs as traders adjusted to the prospects of renewed U.S. sanctions against major crude exporter Iran amid an already tightening market. The United States plans to impose new sanctions against Iran, which produces around 4 percent of global oil supplies, after abandoning an agreement reached in late 2015 […]

U.S. lawmakers set $717 billion defence bill

Washington:  U.S. House of Representatives lawmakers released details of a $717 billion annual defence policy bill, including efforts to compete with Russia and China and a measure to temporarily halt weapons sales to Turkey. The House Armed Services Committee is due to debate next week the annual National Defense Authorization Act (NDAA), which authorizes the […]

Price caps on Medical Devices : India rejects US request

New Delhi:  India has told the United States it won’t abstain from capping prices for more medical devices, regardless of pressure to rethink its stance after price controls on heart stents and knee implants spoilt the market for some U.S. firms, sources familiar with the matter said. India’s drug pricing authority is also pushing to […]

US, Allies Strike Syria

Washington/Damascus/Moscow/London: The US, Britain and France launched coordinated strikes against Syria’s research, storage and military targets to “punish” the Bashar al-Assad regime for an apparent chemical attack in Douma that killed over 70 people. The military action was denounced by Damascus and its ally Moscow as a “failure” and “an act of aggression”. Western allies […]

US asks Russia to keep off Syria

Washington: The United States has expressed disappointment over the chemical weapons attack in Syria and called on Russia to end the “unmitigated support immediately and work with the international community to prevent further, barbaric chemical weapons attacks” there. According to a press statement issued here by Ms Heather Nauert, Department Spokesperson, the Assad regime and […]

Counter-Terrorism: India and US to Share Information

New Delhi: India and the United States pledged to enhance information sharing on “most dangerous terrorist groups and individuals” and also discussed international efforts to counter threats by foreign terror groups. At the meeting of the India-US Counter Terrorism Joint Working Group in Delhi, both sides committed to strengthening information sharing on some of the […]