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RIC reboot: Can Trump threats revive Russia-India-China troika?
Economic Times
·
22d ago
Medial
Russia is attempting to revive the Russia-India-China (RIC) trilateral mechanism amid geopolitical tensions, especially concerning energy trade and Western sanctions. China supports this reboot, while India is cautiously open to it. The RIC, initially a strategic counterbalance concept from the late 1990s, had fallen dormant due to pandemic disruptions and India-China tensions. Reviving RIC aligns with a multipolarity vision but is complicated by India's strong ties with the U.S. and Europe.
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Russia to deliver remaining S-400 air defence system squadrons by 2026-27
Economic Times
·
1m ago
Medial
Russia will deliver the remaining two squadrons of the S-400 air defense systems to India by 2026-27. Delayed due to the Russia-Ukraine conflict, this was discussed in a meeting between Indian and Russian defense ministers. Under a 2018 deal, India was to receive all five squadrons by 2023, with deployments in northwest and east India to counter threats from China and Pakistan. The Indian Air Force has three S-400 squadrons currently deployed.
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China defends Russian oil buys after Trump's tariff threats
Economic Times
·
2d ago
Medial
China defended its Russian oil purchases as legitimate, countering U.S. scrutiny after India faced secondary sanctions for similar transactions. The Chinese Foreign Ministry emphasized their lawful energy trade with Russia, stating they will prioritize national interests. President Trump hinted at imposing additional tariffs on China, similar to India's situation. Despite this, U.S.-China relations have slightly stabilized, with both nations agreeing to pause tariffs and continue negotiations toward a potential deal.
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What Elon Musk needs from China
Economic Times
·
8m ago
Medial
Elon Musk, CEO of Tesla, has a complex relationship with China, a country that President-elect Donald Trump has vowed to confront with higher tariffs. Tesla makes half its cars in China and faces strong competition from Chinese automakers. Musk has personally appealed to China's premier for permission to proceed with Tesla's Full Self-Driving technology. Experts speculate that China may use Musk as an ally to persuade Trump to take a more conciliatory approach on trade. Musk's other companies also face formidable competition from Chinese businesses in the solar energy, battery, and space launch industries. However, Tesla remains at a disadvantage in China as it has not received approval for Full Self-Driving, while Chinese companies have introduced similar technologies. Moreover, Tesla faces potential political risks in China, as the Biden administration considers banning cars from China or Russia with connections to digital networks. It remains uncertain how long Musk's alliance with Trump can last and its impact on Sino-American commercial relations.
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Russian lawmakers approve use of digital assets in international transactions
Reuters
·
1y ago
Medial
Russian lawmakers have passed draft legislation allowing digital financial assets (DFAs) to be used in international settlements, potentially shielding cross-border money flows from international scrutiny. The move comes amid threats from the West, particularly the United States, to impose secondary sanctions on banks facilitating trade with Russia. The legislation aims to bypass the traditional banking system in transactions, reducing external influence. Approval is still required from Russia's upper house of parliament and President Vladimir Putin before it becomes law. Both Turkey and China have experienced disruptions in payments due to threats of sanctions for conducting business with Russia.
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India and Taiwan were leading buyers of Russian naphtha in June, LSEG data shows
Economic Times
·
12d ago
Medial
In June, India and Taiwan emerged as the leading buyers of Russian seaborne naphtha, driven by lower costs and domestic demand. India's naphtha imports from Russia totaled 250,000 metric tons, slightly down from May, primarily arriving at western ports like Mundra and Sikka. Taiwan doubled its imports to 234,000 tons. Russian supplies found buyers in Singapore, Malaysia, Turkey, and China as well, with Russian oil products navigating via Southern Africa to bypass potential regional threats.
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Trump Signals Willingness to Delay TikTok Ban Deadline Amid US-China Tariff Dispute
OutlookIndia
·
2m ago
Medial
US President Donald Trump is considering extending the deadline for ByteDance to divest TikTok’s US assets, amid US-China tariff disputes. Trump postponed a TikTok ban twice, valuing its connection with young voters, and expressed interest in protecting the app. A potential US-based deal is hindered by China's non-approval, relating to reciprocal tariffs. TikTok denies allegations of security threats or manipulation, asserting its independence from any governmental influence, including China.
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Better US-India relationship has a clear China lens
Money Control
·
10m ago
Medial
PM Modi's recent visit to the US showcased the progress in India-US relations. However, it is important to analyze how the US perceives India beyond the diplomatic language. Both US Presidential candidates, Trump and Harris, have not explicitly stated their stance on India. The US Integrated Country Strategy outlines America's perspective on India in light of the challenge posed by China. India needs to be concerned about how its evolving relationship with Russia will be perceived by the US.
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Modi-Trump showdown over tariffs and Russia trade, in 9 charts
Livemint
·
3d ago
Medial
India and the US are locked in a trade dispute, with President Trump imposing additional tariffs on Indian goods. In response, Prime Minister Modi has pledged not to concede on agricultural and dairy interests, emphasizing support for farmers, fishermen, and dairy producers. This conflict escalates amid India's trade with Russia and broader geopolitical tensions involving China. The situation is depicted in nine charts, illustrating trade dynamics and economic impacts.
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South Korea hosted summit warns of AI risks to democracy
Economic Times
·
1y ago
Medial
South Korean President Yoon Suk Yeol has labeled fake news and disinformation, fueled by AI and digital technology, as threats to democracy. At the Summit for Democracy in Seoul, Yoon emphasized the need for countries to share experiences and use technology to promote democracy, while also sounding the alarm on the violation of individual freedom and human rights. The conference aims to address democratic backsliding and erosion of rights. China criticized South Korea for inviting Taiwan's Digital Minister to contribute, as China considers Taiwan its own territory. Digital threats to democracy and countering disinformation were the focus of discussions, with US Secretary of State Antony Blinken highlighting the risks and Russia and China's involvement in manipulation campaigns.
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Biden administration puts quotas on global AI chip sales
Arstechnica
·
6m ago
Medial
The US government has imposed new regulations on global AI chip exports, dividing countries into three tiers of access. Close allies enjoy unrestricted access, while approximately 120 countries face quotas, and bans remain on China, Russia, Iran, and North Korea. The rules, effective in 120 days, aim to prevent misuse of AI chips for national security threats. Major tech firms and industries express concern, viewing the regulations as potentially driving markets toward Chinese competitors.
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