Explore

Rapid Read Rapid Read
US Ends Sanctions Waiver on Russian Oil, Impacting Global Oil Markets

US Ends Sanctions Waiver on Russian Oil, Impacting Global Oil Markets

The Trump administration has allowed a sanctions waiver to lapse, which previously permitted countries such as India to purchase Russian seaborne oil. This decision follows a month-long extension intended to mitigate oil supply shortages and high prices caused by Iran's closure of the Strait of Hormuz. The US Treasury Secretary, Scott Bessent, had indicated that the general license allowing the purchase of Russian oil stored on tankers would not be renewed. As of Saturday afternoon, no renewal notice was posted on the Treasury's website. This move comes amid ongoing tensions between Russia and Ukraine, with recent drone attacks escalating the conflict. The lapse of the waiver is part of broader US efforts to limit revenue streams to Russia, which are believed to support its military actions in Ukraine.
Rapid Read Rapid Read
India Inaugurates First SME-Led Semiconductor Facility, Boosting Domestic Manufacturing

India Inaugurates First SME-Led Semiconductor Facility, Boosting Domestic Manufacturing

India has inaugurated its first SME-led semiconductor chip manufacturing facility in Rajasthan, marking a significant advancement in the country's electronics manufacturing sector. The facility, operated by Sahasra Semiconductors Pvt Ltd, is located in the Electronics Manufacturing Cluster in Bhiwadi. The inauguration was conducted virtually by Union Electronics and IT Minister Ashwini Vaishnaw, alongside Rajasthan Chief Minister Bhajan Lal Sharma and Union Minister Bhupender Yadav. This development is part of India's broader strategy to enhance its domestic semiconductor and electronics manufacturing capabilities. The facility, developed under the Ministry of Electronics and Information Technology's Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS), represents an investment of over Rs 150 crore. It is equipped with advanced cleanrooms and has an annual packaging capacity of 60 million semiconductor units, with plans to increase this to 400-600 million units annually...
AP News AP News
Journey of a lifetime: A US teen Buddhist lama is now a monk studying in the Himalayan foothills

Journey of a lifetime: A US teen Buddhist lama is now a monk studying in the Himalayan foothills

A teenage Buddhist lama recently blessed thousands at a monastery in the Himalayan foothills
AP News AP News
Takeaways from AP's report on Jalue Dorje, the US-born teenage Buddhist lama

Takeaways from AP's report on Jalue Dorje, the US-born teenage Buddhist lama

A teenage Buddhist lama recently blessed thousands of people at a monastery in the Himalayan foothills
AP News AP News
Photos of US-born teen Buddhist lama now studying near the Himalayas to become a monk

Photos of US-born teen Buddhist lama now studying near the Himalayas to become a monk

A US-born teen recognized as a reincarnated lama travels to Nepal to pursue his spiritual training for monkhood.
Reuters Reuters
US set to drop criminal fraud case against India’s Gautam Adani, sources say, as deal reached in civil case

US set to drop criminal fraud case against India’s Gautam Adani, sources say, as deal reached in civil case

By Dan Rosenzweig-Ziff and Andrew Goudsward May 15 (Reuters) - The U.S. Justice Department is close to dropping criminal fraud charges against Gautam Adani, an Indian billionaire who has promised to invest $10 billion in the U.S. economy, according to two sources familiar with the matter.
AP News AP News
Tensions flare near Strait of Hormuz as a ship is seized and another is sunk

Tensions flare near Strait of Hormuz as a ship is seized and another is sunk

Tensions are escalating again near the Strait of Hormuz after a ship anchored off the United Arab Emirates was seized and taken toward Iran and another was attacked and sank near the coast of Oman
Reuters Reuters
Iran urges BRICS to condemn US, Israel for war, exposing bloc divisions

Iran urges BRICS to condemn US, Israel for war, exposing bloc divisions

NEW DELHI, May 14 (Reuters) - Indian Foreign Minister Subrahmanyam Jaishankar said on Thursday that unimpeded maritime flows through international waters, including the Strait of Hormuz, are vital for global economic well-being.
Trendline Trendline
Boy Throb's Live Performance Highlights Visa Challenges for Band Member

Boy Throb's Live Performance Highlights Visa Challenges for Band Member

Boy Throb's Live Performance Highlights Visa Challenges for Band Member
AP News AP News
BRICS ministers fail to issue a joint statement over differences on conflict in the Middle East

BRICS ministers fail to issue a joint statement over differences on conflict in the Middle East

A two-day meeting of BRICS foreign ministers in New Delhi has ended without a joint statement due to differing views on the Middle East
AP News AP News
BRICS foreign ministers meet in India as Iran war, oil prices and divisions test the bloc's unity

BRICS foreign ministers meet in India as Iran war, oil prices and divisions test the bloc's unity

BRICS foreign ministers have started a two-day meeting in New Delhi