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Turkish President Erdogan Warns Israeli Strikes in Syria and Lebanon Threaten Turkey

Turkish President Erdogan Warns Israeli Strikes in Syria and Lebanon Threaten Turkey

Turkish President Recep Tayyip Erdogan has expressed concerns over Israeli military actions in Syria and Lebanon, stating that these strikes pose a threat to Turkey. Addressing the Turkish parliament, Erdogan emphasized that Israel's initiatives in the Mediterranean are dangerous and warned against any adventures in the region. He asserted that Turkey's security interests extend beyond its borders to include areas like Aleppo, Damascus, and Beirut. Erdogan also referenced a potential joint military force involving Israel, Greece, and Cyprus, which could provide Israel with strategic depth against Turkey's regional ambitions. This force, reportedly discussed among senior officers, would consist of naval, air, and land units, with contributions from each country involved.

Erdogan says Israel's attacks on Syria, Lebanon threaten Turkey too

Erdogan says Israel's attacks on Syria, Lebanon threaten Turkey too

ANKARA, June 10 (Reuters) - Turkish President Tayyip Erdogan said on Wednesday that Israel's attacks on Syria and Lebanon had reached a point where they also threaten Turkey, adding Israel's "aggression" posed a threat to the whole world and must be stopped.

Vale CEO Reports No Decline in Global Metals Demand Amid Middle East Conflict

Vale CEO Reports No Decline in Global Metals Demand Amid Middle East Conflict

Vale CEO Reports No Decline in Global Metals Demand Amid Middle East Conflict

Erdogan-Trump Relationship May Ease Israel-Turkey Tensions Amid Provocative Rhetoric

Erdogan-Trump Relationship May Ease Israel-Turkey Tensions Amid Provocative Rhetoric

The relationship between U.S. President Donald Trump and Turkish President Recep Tayyip Erdogan is reportedly helping to moderate tensions between Israel and Turkey. This comes after provocative statements by Turkey's Interior Minister Mustafa Ciftci, who expressed aspirations for Turkey to govern Jerusalem, a sentiment rooted in historical Ottoman control. These comments have been condemned by Israeli officials and add to existing tensions. Despite this, experts suggest that Trump's ties with Erdogan are acting as a calming influence, potentially preventing further deterioration of relations between Jerusalem and Ankara.

What to know about Trump's $100,000 H-1B visa fee and the legal rebuke that followed

What to know about Trump's $100,000 H-1B visa fee and the legal rebuke that followed

President Donald Trump last year dramatically ratched up the fee for H-1B work visas to $100,000, saying it would protect American workers from losing their jobs to lower-paid foreigners

India's Ship Certifier Cancels Certification for Over 200 Vessels Amidst Sanctions

India's Ship Certifier Cancels Certification for Over 200 Vessels Amidst Sanctions

India's ship safety certifier, the Indian Register of Shipping (IRClass), has intensified its stance on vessels involved in evading international trade sanctions. Since 2023, IRClass has de-classed 235 ships, primarily oil tankers and some gas carriers, from its registry. This move is part of a comprehensive sanctions policy that prohibits the certification of ships under U.S., European, or UK sanctions. The decision aligns with Western sanctions imposed on Russia due to its invasion of Ukraine and on Iran over its nuclear program. IRClass's actions contrast with China's recent directive for firms to ignore U.S. sanctions on Chinese refiners purchasing Iranian oil. The de-classification of these vessels complicates their ability to secure insurance and access ports, potentially adding to the 'shadow fleet' of ships that operate without known insurance or compliance with environmental safety standards.

Judge upholds oversight of US consulate builder in Milan over labour probe

Judge upholds oversight of US consulate builder in Milan over labour probe

By Emilio Parodi MILAN, June 9 (Reuters) - A judge on Tuesday upheld a decision to place the Italian arm of U.S. builder Caddell Construction under judicial control, as it faces an investigation into alleged worker abuse at Milan's new U.S. consulate site, documents seen by Reuters showed.

India Inc hikes prices, shrinks packs as Iran war squeezes margins

India Inc hikes prices, shrinks packs as Iran war squeezes margins

By Praveen Paramasivam and Chandini Monnappa CHENNAI/BENGALURU, June 8 (Reuters) - From smaller packs on shelves to higher prices at checkout, Indian companies are scrambling to protect their margins as surging oil, freight and insurance costs - and strained household budgets - pile on pressure.

EU Carbon Border Adjustment Mechanism Impacts India-EU Steel Trade

EU Carbon Border Adjustment Mechanism Impacts India-EU Steel Trade

The European Union's Carbon Border Adjustment Mechanism (CBAM) is beginning to reshape the trade dynamics between the EU and India, particularly in the steel sector. The CBAM, which was announced in 2023, aims to level the playing field by imposing a levy on imports based on their carbon content. This policy is designed to ensure that EU consumers face the same carbon price for emissions embodied in goods, regardless of their origin. The mechanism has started to affect Indian steel exports to the EU, with a noticeable decline in exports from high-emission firms. The analysis, based on data from Climate TRACE and Panjiva, shows that larger Indian steel exporters are adjusting to the new regulations, while smaller firms may face more significant challenges.

Four Indian Seafarers Rescued from Abandoned Ship in Turkey After 10 Months

Four Indian Seafarers Rescued from Abandoned Ship in Turkey After 10 Months

Four Indian seafarers were rescued from the cargo ship Azra C, which had been abandoned in Turkey for 10 months. The ship, registered in Mongolia and operated by a Turkish company, was left in disrepair after its owner was arrested in a drug sting operation. The International Labour Organization listed the vessel as abandoned, with 15 crew members initially on board. While most were repatriated, four remained to maintain the ship's safety. Turkey's Transport and Infrastructure Minister intervened after learning about their plight, leading to their eventual rescue and repatriation. The situation highlights the ongoing issue of ship abandonment, with India’s Shipping Ministry noting a rise in such cases, particularly affecting Indian nationals.

The Latest: Federal judge strikes down Trump’s $100,000 fee on new H-1B visas

The Latest: Federal judge strikes down Trump’s $100,000 fee on new H-1B visas

The Trump administration’s $100,000 fee on new H-1B visas has been struck down by a federal judge in Boston, contradicting an earlier ruling in Washington, D.C. upholding the fee hike

Mark Carney's trade push collides with reality of US dependence

Mark Carney's trade push collides with reality of US dependence

By Promit Mukherjee OTTAWA, June 9 (Reuters) - Canadian Prime Minister Mark Carney has captured global attention by championing the idea of an alliance of mid-level economic powers that would operate beyond President Donald Trump's increasingly protectionist United States.