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Trump shares image calling Hormuz ‘new US territory’; Iran says strait ‘closed’

​Trump, Iran clash over Hormuz as standoff over key waterway deepens NEW DELHI: US President Donald Trump on Sunday again shared an image on Truth Social describing the strategically vital Strait of Hormuz as “NEW US Territory”, even as Iran maintained that the waterway was closed and would remain so unless Washington changed its approach.Trump…

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‘Vanished from tracking system’: How Panama-flagged cargo ship with 24 on board sank off Odisha coast | India News

Panama-flagged MV Ocean Winner sinks in Bay of Bengal; 22 crew members remain missing NEW DELHI: A Panama-flagged bulk carrier carrying 24 crew members sank in the Bay of Bengal off Odisha after reportedly disappearing from maritime tracking systems, triggering a large-scale search and rescue operation by authorities.The vessel, MV Ocean Winner, was carrying an…

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Collections under RBI’s dollar swap scheme exceed $72.8 billion

Indian banks raise $72.8 billion in foreign-currency funds under RBI’s special swap facility as forex inflows surge MUMBAI: Banks have mobilised $72.8 billion of foreign-currency inflows under RBI’s special swap facility as of Aug 21, with the pace of mobilisation accelerating sharply in recent weeks. Foreign currency non-resident (bank) or FCNR(B) deposits accounted for $65.4…

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‘Opened Pandora’s box’: Putin’s big warning after Ukraine hits Russian economic infrastructure

Putin said Russia’s difficulties in shipping its own goods would not result in shortages on global markets, arguing that Moscow could compensate for disruptions to Ukrainian agricultural exports. Russian President Vladimir Putin has warned Ukraine of a retaliatory campaign against its most sensitive economic sectors after Kyiv intensified drone strikes on Russian economic infrastructure, saying…

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