India
ChatGPT developer, OpenAI, plans to create one of the largest data centers in India. This facility will be part of the global Stargate initiative and the state program IndiaAI.
Brent and WTI oil prices fell by 0. 44% due to rising production and concerns about the impact of US tariffs on demand. Russian oil exports fell to a four-week low.
At the SCO summit, Vladimir Putin stated that the crisis in Ukraine was caused by a "coup d'état provoked by the West. " He also expressed hope for peace in Ukraine after meeting with Donald Trump.
The Prime Minister of India met with Putin and the Chinese leader at the SCO summit. Issues of economic, political partnership and security were discussed.
Volodymyr Zelenskyy stated that Putin in China will "wriggle out" regarding negotiations. The President of Ukraine emphasized that Russia is the only one who seeks to prolong the war.
Chinese leader Xi Jinping hosts Indian Prime Minister Narendra Modi and Russian dictator Vladimir Putin at a security summit. This shows how Xi is trying to turn history, diplomacy, and military might into tools for transforming the world order.
Brazil proposes an extraordinary BRICS summit to coordinate a common response to US trade challenges. The initiative gained urgency after the US raised tariffs on Brazilian products.
Turkish President Recep Tayyip Erdogan arrived in Tianjin to participate in the SCO summit. Bilateral meetings are planned, including with the leaders of China and Russia, to discuss regional security and economic cooperation.
Indian Prime Minister Narendra Modi confirmed support for a peaceful settlement of the war in Ukraine during a conversation with Volodymyr Zelenskyy. The leaders discussed bilateral partnership and ways to deepen cooperation.
President Zelenskyy held a conversation with Indian Prime Minister Modi. Modi supported the need for a ceasefire in Ukraine.
Donald Trump is considering abandoning diplomatic efforts regarding Ukraine and Russia. The White House is frustrated by the lack of progress and the position of European leaders.
Indian Prime Minister Narendra Modi is visiting China for the first time in seven years, meeting with Xi Jinping and Putin. This visit is a signal to the US amid deteriorating relations over tariffs.
Indian Prime Minister Narendra Modi and Russian dictator Vladimir Putin will visit Tianjin on August 31 to participate in the SCO summit. Political scientist Taras Zahorodnii explained the leaders' goals and China's role in this event.
Oil prices fell on Friday due to expectations of lower demand in the US. However, weekly gains persist amid uncertainty regarding Russian supplies.
President Zelenskyy stated that Russia's night attack on Kyiv is an attack on everyone who seeks peace, including Ukraine, the US, and Europe. He emphasized the need to strengthen sanctions, tariffs, and support for Ukraine to counter the aggression.
Peter Navarro of the White House criticized India for importing Russian oil, calling the war against Ukraine "Modi's war. " He urged the Indian prime minister to change course, as New Delhi is financing the Kremlin's "war machine."
India will increase imports of Russian oil in September by 10-20% due to price reductions by producers. This is happening against the backdrop of reduced Russian refining capacities after drone attacks.
The biggest effect of the strikes on the Druzhba oil refinery is the cessation or reduction of millions of tons of oil exports through the Baltic pipeline system. Hungary's and Slovakia's statements that Ukraine will suffer are unfounded.
Oil prices fell due to investors' assessment of demand prospects in the US and possible changes in supply. This is due to the US imposing strict tariffs on India over the import of Russian oil.
Ukraine has intensified attacks on Russian oil infrastructure, hitting key facilities. This has led to a reduction in Russian oil exports to key partners and a fuel shortage in the Russian Federation.
The NISAR satellite, a joint development by NASA and ISRO, has been launched into orbit with the largest reflector antenna. It will track glacier movement, earthquakes, landslides, and deforestation.
The 50% tariffs on Indian goods introduced by Donald Trump could reduce India's exports by $37 billion, nullifying billions of dollars saved on Russian oil. This decision will have long-term consequences for India's economy and Prime Minister Modi's political standing.
Russian oil supplies decreased by 320,000 barrels per day in the week to August 24 due to infrastructure damage and the doubling of US tariffs on Indian goods. Export volumes to India have fallen by more than 500,000 barrels per day in the last two months.
Donald Trump imposed high tariffs on Indian goods due to the country's purchase of Russian oil and weapons. India plans to lower taxes to mitigate the economic impact.
Heavy rain caused a landslide on a pilgrimage route in Jammu, India, killing at least 30 people. Authorities urged people to stay home at night due to floods and forecast further rains.
Oil prices stabilized on Wednesday after falling, as the market watched the war in Ukraine. Investors were assessing the imposition of high US tariffs on India.
ExxonMobil is holding closed-door negotiations with Rosneft regarding the resumption of development of Sakhalin-1, subject to permission from the US and Russian governments. Negotiations intensified after Trump's inauguration, and the company received support from the US government.
Ukrainian attacks on Russian oil refineries disrupted at least 17% of Russia's oil refining capacity, causing a gasoline shortage. Strikes on facilities in Novoshakhtinsk, Ust-Luga, and the Druzhba pipeline are a response to Russian aggression.
Indian refineries plan to reduce purchases of Russian oil to 1. 4-1.6 million barrels per day. This comes amid US pressure and the upcoming doubling of American tariffs on Indian imports.
Brent and WTI oil prices fell after a rise caused by fears of fuel supply disruptions. Traders expect stronger US sanctions against Russian oil and are monitoring the consequences of tariffs imposed against India.