Author: Finance for Sight

WARSAW: European countries are already providing more than half of Ukraine’s ammunition needs, recently put at two million rounds by Ukrainian President Volodymyr Zelenskiyy, European Union foreign policy chief Kaja Kallas said on Thursday. Russia has no place in Syria after Assad fall: EU’s Kallas “These things are moving very well we need to get the help to Ukraine as fast as possible. President Zelenskiyy has said that they need five billion to have at least two million rounds,” Kallas said ahead a of EU defence ministers summit in Warsaw. “I’m glad to see that we already have different proposals…

OCCUPIED JERUSALEM: Israel’s far-right National Security Minister Itamar Ben Gvir visited the Al-Aqsa Mosque compound in Jerusalem’s Old City on Wednesday, his spokesperson said, prompting strong condemnation from Jordan, Saudi Arabia and Palestinian group Hamas. The firebrand politician was visiting the site, which is sacred to Jews and Muslims, in Israeli-annexed east Jerusalem after returning to the government last month following the resumption of the war against Hamas in Gaza. Ben Gvir had quit the cabinet in January in protest at the ceasefire agreement in the Palestinian territory. Since the formation of Prime Minister Benjamin Netanyahu’s government at the end…

WASHINGTON: US President Donald Trump ignited a potentially ruinous trade war Wednesday as he slapped sweeping 10 percent tariffs on imports from around the world and harsh additional levies on key trading partners. Speaking in the White House Rose Garden against a backdrop of US flags, Trump unveiled particularly stinging tariffs on China and the European Union on what he called “Liberation Day.” Trump’s tariffs triggered immediate anger, with US ally Australia blasting them as “unwarranted” and Italy calling them “wrong,” while other countries have already vowed retaliation. “For decades, our country has been looted, pillaged, raped and plundered by…

WASHINGTON: US President Donald Trump was poised to impose sweeping new reciprocal tariffs on global trading partners on Wednesday, upending decades of rules-based trade, threatening cost increases and likely drawing retaliation from all sides. Details of Trump’s “Liberation Day” tariff plans were still being formulated and closely held ahead of a White House Rose Garden announcement ceremony scheduled for 4 p.m. Eastern Time (2000 GMT). The new duties are due to take effect immediately after Trump announces them, White House spokesperson Karoline Leavitt said on Tuesday, while a separate 25% global tariff on auto imports will take effect on April…

JERUSALEM: Israeli Prime Minister Benjamin Netanyahu begins a four-day visit to Hungary on Thursday, defying an International Criminal Court arrest warrant over allegations of war crimes in Gaza as Israel has expanded its military operation in the enclave. As a founding member of the ICC, Hungary is theoretically obliged to arrest and hand over anyone subject to a warrant from the court but Hungarian Prime Minister Viktor Orban made clear when he issued the invitation that Hungary would not respect the ruling. Netanyahu, who is battling a political storm at home over an investigation into suspected ties between Qatar and…

NEW DELHI: The Indian government on Wednesday presented a bill in parliament that plans sweeping changes in the management of vast tracts of land set aside solely for Muslim use, potentially stoking tensions between the government and minority Muslims. The land and properties fall under the “waqf” category, which means “to stay” in Arabic, and are endowed by a Muslim for religious, educational or charitable purposes. Such land cannot be transferred or sold. Government and Muslim organisations estimate that over 25 waqf boards hold nearly 85,1535 properties and 900,000 acres of land, putting them among the top three landowners in…

WASHINGTON: US Defence Secretary Pete Hegseth has reinforced U.S. military capability in the Middle East with more warplanes, the Pentagon said on Tuesday, amid a more than two-week-old US bombing campaign in Yemen and mounting tensions with Iran. The Pentagon’s brief statement did not specify which aircraft were being deployed or where precisely they were sent. However, as many as six B-2 bombers have relocated in the past week or so to a U.S.-British military base on the Indian Ocean island of Diego Garcia, according to U.S. officials, speaking on condition of anonymity. Experts say that puts the B-2s, which…

DAMASCUS: Syria’s interim President Ahmed al-Sharaa said Monday a new transitional government would aim for consensus in rebuilding the war-torn country but acknowledged it would be unable to satisfy everyone. The transitional 23-member cabinet – without a prime minister – was announced Saturday, more than three months after Sharaa’s Islamist group Hayat Tahrir al-Sham (HTS) led an offensive that toppled longtime president Bashar al-Assad. The autonomous Kurdish-led administration in northeast Syria has rejected the government’s legitimacy, saying it “does not reflect the country’s diversity”. Sharaa said the new government’s goal was rebuilding the country but warned that “will not be…

BEIJING: China, Japan and South Korea agreed to jointly respond to U.S. tariffs, a social media account affiliated with Chinese state media said on Monday, an assertion Seoul called “somewhat exaggerated”, while Tokyo said there was no such discussion. The state media comments came after the three countries held their first economic dialogue in five years on Sunday, seeking to facilitate regional trade as the Asian export powers brace against U.S. President Donald Trump’s tariffs. Japan and South Korea are seeking to import semiconductor raw materials from China, and China is also interested in purchasing chip products from Japan and…

BEIRUT: An Israeli strike on Beirut on Tuesday killed a Hezbollah official handling Palestinian affairs, in the second such raid within days on the Lebanese group’s stronghold despite a four-month ceasefire. Lebanon’s leaders condemned the attack, which came without warning at around 3:30 am (0030 GMT) during the Eid al-Fitr holiday marking the end of the Muslim fasting month of Ramadan. The health ministry reported four dead including a woman. Israel and Hezbollah separately said the strike killed Hassan Bdair, who a source close to the Iran-backed group identified as its “deputy head for the Palestinian file”. The source, requesting…