Friday, September 11
A highly anticipated summit between U.S. President Donald Trump and Russian President Vladimir Putin on Friday yielded no agreement to resolve or pause Moscow's war in Ukraine, despite both leaders describing the talks in Alaska as productive.During a brief appearance before the media following the nearly three-hour talks, the two leaders said they had made progress on unspecified issues. But they offered no details and took no questions, with the normally loquacious Trump ignoring shouted questions from reporters."There were many, many points that we agreed on. I would say a couple of big ones that we haven't quite got there, but we've made some headway," Trump said, standing in front of a backdrop that read, "Pursuing Peace."COMMENTS:HELIMA CROFT, GLOBAL HEAD OF COMMODITY STRATEGY AT RBC
India's foreign exchange reserves rose by $4.7 billion in the week ending August 8, taking the total to $693.6 billion, the RBI data released on Friday showed.In the previous week ending August 1, foreign exchange reserves had fallen by $9.3 billion, mainly because the central bank likely intensified efforts to curb the rupee's slide against the dollar."The rise in reserves is mainly on account of revaluation gains to the tune of around $10 billion due to a weaker dollar and rise in gold prices during the week under review. The gains were partially offset by RBI's likely market intervention, including delivery of $5 billion of FX swaps," said Gaura Sengupta, chief economist at IDFC First Bank.Foreign currency assets, which form over 84% of the total reserves, rose by $2.4 billion during th
President Vladimir Putin walked on a red carpet, shook hands and exchanged smiles with his American counterpart. Donald Trump ended summit praising their relationship and calling Russia "a big power ... No. 2 in the world," albeit admitting they didn't reach a deal on ending the war in Ukraine. By Saturday morning Moscow time, Trump appeared to have abandoned the idea of a ceasefire as a step toward peace -- something he and Ukraine had pushed for months -- in favor of pursuing a full-fledged "Peace Agreement" to end the war, echoing a long-held Kremlin position. The "severe consequences" he threatened against Moscow for continuing hostilities were nowhere in sight. On Ukraine's battlefields, Russian troops slowly grinded on, with time on their side. The hastily arranged Alaska summit "pro
Two people lost their lives and two others sustained injuries after a landslide struck Jankalyan Society in Mumbai’s Vikhroli (West) on Saturday, officials confirmed. The incident occurred in Varsha Nagar, Vikhroli Park Site, according to the Brihanmumbai Municipal Corporation (BMC). The city woke up to relentless downpours, leading to widespread waterlogging in several areas including Gandhi Market, Kings Circle, Andheri Subway, Kurla, Chembur, Milan Subway, and the SCLR Bridge, visuals shared by ANI showed. Severe inundation was also reported at Sion Railway Station, disrupting movement in the affected pockets.— ANI (@ANI) The India Meteorological Department (IMD) has issued a red alert for Mumbai and Raigad, warning of heavy to very heavy rainfall, while an orange alert has
Five people, including a family of four, were charred to death after a fire broke out at a plastic articles manufacturing unit in Nagarthapet in Bengaluru, police said.Police have identified the victims as Madan Singh (38) and Sangeetha (33) and their two children Mithesh (7) and Vihaan (5) and neighbour Suresh Kumar (26).Madan Singh was a native of Rajasthan and had been renting the building for nearly 10 years. He ran a small manufacturing unit that made plastic kitchen items as well as mats and steel kitchen utensils. He was residing on the top floor of the building.Speaking to reporters later in the day, Commissioner of Police, Bengaluru, Seemanth Kumar Singh said most likely an electric short circuit could have triggered the fire.The fire started on the ground floor and then spread to
