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EU hits Russian oil, shadow fleet with new sanctions over Ukraine war

EU hits Russian oil, shadow fleet with new sanctions over Ukraine war

The European Union has approved a new raft of stiff sanctions against Russia over its war in Ukraine, including a lower oil price cap, a ban on transactions with Nord Stream gas pipelines, and the targeting of more shadow fleet ships. “The message...

Slovakia Drops Objection to 18th EU Sanctions Package Against Russia

Slovakia Drops Objection to 18th EU Sanctions Package Against Russia

Slovakia Drops Objection to 18th EU Sanctions Package Against Russia Slovak Prime Minister Robert Fico has confirmed that Slovakia will not block the adoption of the European Union's 18th sanctions package against Russia. His statement came in...

Business News | Taranjit Singh Sandhu Joins USISPF as Advisor to Board, Chairman of Its Geopolitical Institute

Business News | Taranjit Singh Sandhu Joins USISPF as Advisor to Board, Chairman of Its Geopolitical Institute

New Delhi [India], July 18 (ANI): Ambassador Taranjit Singh Sandhu, veteran diplomat and former Indian envoy to Washington has joined the US-India Strategic Partnership Forum (USISPF) as Advisor to the Board and will be the Chairman of the USISPF...

In 18th sanctions package against Russia, EU targets Rosneft’s India refinery, cuts price cap on crude

In 18th sanctions package against Russia, EU targets Rosneft’s India refinery, cuts price cap on crude

New Delhi: The European Union Friday agreed to sanction Russia-based Rosneft’s largest refinery in India, targeting Russia’s shadow fleet, while reducing the price cap on Russian crude, and also potentially taking aim at refined oil products—which...

EU Approves 18th Sanctions Package Against Russia Targeting Energy and Banking

EU Approves 18th Sanctions Package Against Russia Targeting Energy and Banking

On the morning of July 18, a meeting of European Union ambassadors took place, during which the 18th package of sanctions against the Russian Federation was agreed upon. The official approval of this package will occur today at the EU General...

EU-India Ties: A Safe Investment Amid Global Turbulence, Says EU Ambassador

EU-India Ties: A Safe Investment Amid Global Turbulence, Says EU Ambassador

The European Union-India relationship is on an ascending trend and the two sides represent for each other a safe investment at a time when trade, technology, migration and information are being weaponised, EU Ambassador to India, Hervé Delphin...

Japanese doctor appointed to UN panel on effects of nuclear war

Japanese doctor appointed to UN panel on effects of nuclear war

The United Nations has established a panel to examine what impact a nuclear war would have. One of the members is a Japanese doctor who survived the 1945 atomic bombing of Nagasaki. The UN announced on Thursday that Secretary-General Antonio...

EU Council Tackles Post-2027 Budget and Spanish Language Push

EU Council Tackles Post-2027 Budget and Spanish Language Push

Brussels, July 18, 2025 – European Union ministers gathered today in Brussels for the General Affairs Council meeting to address two significant agenda items that could shape the bloc’s future: the Commission’s first proposals for the EU’s...

EU hits Russia with toughest sanctions yet as Moscow downs 73 drones

EU hits Russia with toughest sanctions yet as Moscow downs 73 drones

2025-07-18T07:58:16+00:00 font Enable Reading Mode A- A A+ Shafaq News – Brussels/Moscow The sanctions package, delayed earlier due to a veto from Slovakia, was finalized following negotiations with Brussels over plans to phase out Russian gas...

Ringgit rebounds to close higher as 2Q GDP forecast beats expectations

Ringgit rebounds to close higher as 2Q GDP forecast beats expectations

KUALA LUMPUR, July 18 — The ringgit rebounded from recent losses to end higher against the US dollar on Friday, supported by a better-than-expected forecast of Malaysia’s second quarter growth, which signalled that the domestic economy remains...

Asean accelerates de-dollarisation

Asean accelerates de-dollarisation

Whenever he travels around the Southeast Asian region or to China, Malaysian private equity investor Ian Yoong Kah Yin always uses his e-wallet to settle all payments. Yoong, a former investment banker, seldom travels with a big chunk of cash,...

UN experts cast blame on Rwanda and Uganda. What are they doing in DRC?

UN experts cast blame on Rwanda and Uganda. What are they doing in DRC?

Kampala, Uganda – Rwanda is in “command and control” of M23 rebels in the eastern Democratic Republic of the Congo, Uganda has “unilaterally doubled its military presence” in the DRC, and armed groups – including those aligned to the Congolese...

UN Women launches digital startup roundtable to uplift young women in tech with KOICA’s support

UN Women launches digital startup roundtable to uplift young women in tech with KOICA’s support

ISLAMABAD - UN Women Pakistan yesterday launched the first event of its Digital Startup Roundtable Series in Islamabad with the support of the Korea International Cooperation Agency (KOICA). The event convened thought leaders, innovators, policy...

EU Cracks Down on Russia With 18th Sanctions Package, Oil Cap Cut to $45

EU Cracks Down on Russia With 18th Sanctions Package, Oil Cap Cut to $45

European Union countries on Friday approved a new package of sanctions against Russia over its ongoing war in Ukraine, including a sharper limit on Moscow’s oil revenue and new restrictions targeting its financial and energy sectors, EU officials...

EU hits Russia with sweeping new sanctions over Ukraine war

EU hits Russia with sweeping new sanctions over Ukraine war

BRUSSELS The EU on Friday adopted a sweeping new package of sanctions on Russia over the Ukraine war, looking to pile more pressure on the Kremlin by lowering a price cap for Moscow's oil exports. The 18th round of economic measures from Europe...

Press review: US and EU delay weapons to Ukraine as Syria fighting alarms Turkey

Press review: US and EU delay weapons to Ukraine as Syria fighting alarms Turkey

MOSCOW, July 18. /TASS/. US weapons deliveries to Ukraine via the EU could face delays; clashes in southern Syria raise alarm in Turkey; and the West intensifies efforts to destabilize security in the Asia-Pacific region. These stories have topped...

AP Business SummaryBrief at 5:48 a.m. EDT

House sends bill regulating stablecoins, a type of cryptocurrency, to Trump WASHINGTON (AP) — The House has passed two bills intended to boost the legitimacy of the cryptocurrency industry with new regulations as President Donald Trump has pushed...

Wells Fargo exit ban sparks concerns over business travel to China

Wells Fargo exit ban sparks concerns over business travel to China

A Wells Fargo employee has been barred from leaving China, reigniting fears among foreign companies about doing business in the country. The bank has suspended all travel to China following the move, according to a source familiar with the matter....

FLAC calls for socio-economic status and gender identity to be included in equality bill

FLAC calls for socio-economic status and gender identity to be included in equality bill

Proposed new equality legislation should also ban discrimination on the grounds of socio-economic status and gender identity, FLAC has said. The legal rights group appeared before the joint Oireachtas equality committee yesterday morning as part...

Lost in the Rhetorical Mirage of Middle-Income Aspirations Without a Sustainable Economic Security Foundation Part -2

Lost in the Rhetorical Mirage of Middle-Income Aspirations Without a Sustainable Economic Security Foundation Part -2

(Continued from Part-1) Nepal Entrapped by Super-Nationalism: A Costly Illusion Without Pragmatic Transformation. Nepal desperately needs a bold and realistic development vision transformation for long-term economic prosperity.T he opportunities...

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