Finance
President Donald Trump Welcomes Chinese President Xi Jinping to the United States with an Unprecedented Reception at the Airport
US President Donald Trump personally welcomed Chinese President Xi Jinping at Joint Base Andrews in Maryland at the start of Xi’s visit to the United States. To mark the beginning of the three-day state visit, Xi was given a grand reception featuring a 100-foot (approximately 30-meter) red carpet, an honor guard, a military band, a ceremonial cannon salute and a flyover by two B-1 bombers.
US Approves $24.3 Billion Military Aircraft Sale to Saudi Arabia, Including 48 F-35 Fighter Jets and 49 Pratt & Whitney Engines, Amid West Asia War
Amid the ongoing war in West Asia and the changing regional security situation, the United States has approved a potential $24.3 billion sale of Lockheed Martin F-35 Lightning II fighter jets to Saudi Arabia. If the proposed deal is finalized, Saudi Arabia could become a new operator of the US-made fifth-generation F-35 fighter aircraft.
China, Iran, India, Russia and Other BRICS Nations: Balancing Power and Geopolitical Capabilities in a New Global Political and Economic Equation
Amid rapidly shifting geopolitical and economic equations, the 18th BRICS Summit is underway in New Delhi. Held on September 12 and 13 at Bharat Mandapam, the summit is bringing together major powers such as China, Russia, India and Iran, while also highlighting differences within the bloc over economic cooperation, de-dollarisation, reform of global governance institutions, energy security and the conflict in West Asia.
Iran Focuses on Strengthening Ties with BRICS Countries, Including India, to Address Economic Crisis Amid Rising US Sanctions
Amid growing economic pressure and sanctions from the United States, the Islamic Republic of Iran is focusing on strengthening relations and cooperation with BRICS member states, including India, to address its economic crisis.
European Countries Are Moving Gold Out of America Amid Rising Geopolitical and Economic Uncertainty
Amid rising geopolitical tensions, trade conflicts, economic uncertainty and an environment of sanctions around the world, several European countries are reassessing where they should store their gold reserves. The Netherlands is the latest example, having moved part of its gold reserves held in North America to London.
Tehran Assures Swift and Comprehensive Cooperation to Further Expand Iran-India Trade and Financial Relations
Tehran has assured comprehensive cooperation to swiftly resolve legal and judicial complications faced by businesses as Iran and India seek to further expand their bilateral trade and financial relations. Iran’s Judiciary Chief Gholam-Hossein Mohseni-Ejei said the Iranian Judiciary is prepared to expedite the settlement of legal matters involving traders and economic entities engaged in joint business activities between the two countries and to simplify the relevant procedures.
Calling India a Strong Geopolitical Power, Belgian Prime Minister Bart De Wever Praises Delhi-Brussels Strategic Relations
Belgian Prime Minister Bart De Wever has described India as a “major geopolitical power” and expressed his desire to take relations between New Delhi and Brussels to a new level. He said India’s influence is no longer limited to South Asia and that the country’s importance in global politics, the economy and technology is steadily growing.
We are fully prepared to respond to US sanctions and economic pressure — Islamic Republic of Iran
Iran has vowed to retaliate against the United States after Washington announced a new wave of broad economic sanctions against Tehran. Iranian Finance Minister Ali Madanizadeh said Iran is fully prepared to confront the new U.S. pressure, while Tehran maintains that its major trading partners will not bow to Washington’s demands.
Xi Jinping Likely to Visit India After Seven Years With a 400-Member Delegation
Chinese President Xi Jinping is likely to visit India next month to attend the BRICS Summit in New Delhi on September 12 and 13, according to Reuters, although Beijing has not yet officially confirmed his visit. Indian sources said Chinese officials are working on hotel arrangements and security protocols for the possible trip.
India Deepens Trade Ties with Southern Africa as Global South Economic Engagement Expands
India is taking steps to further strengthen its economic and trade relations with countries of the Global South. As part of the initiative, New Delhi has agreed to resume negotiations with the Southern African Customs Union (SACU) on a preferential trade agreement.
China to Order Up to 120 More Aircraft from European Manufacturer Airbus: German Chancellor Merz
German Chancellor Friedrich Merz announced on Wednesday that China plans to order up to 120 aircraft from European manufacturer Airbus.
India and the European Union Finalize Historic Free Trade Agreement
India and the European Union (EU) have finalized a historic Free Trade Agreement (FTA), which is set to elevate economic partnership between the two largest democracies to a new level. Under the agreement, tariffs on most goods will be significantly reduced or completely eliminated, making it the largest free trade deal ever concluded between India and the EU.