Labour Party’s Victory: What It Means for India-UK Relations Under Keir Starmer In a monumental shift in the UK’s political landscape, the Labour Party has managed to oust the Conservative government after 14 years, centering its campaign around a powerful one-word slogan: “change”. This win marks a significant moment in British politics, but experts in India and members of the Bharatiya Janata Party (BJP)’s foreign cell predict a sense of continuity in India-UK relations under the new leadership of Keir Starmer. The Labour Party’s Resurgence The Labour Party’s victory reflects public yearning for a new direction after over a decade…
Author: BRICS+ News Services
India’s Path to Superpower Status by 2047, but High-Income Status Remains Elusive India, with its burgeoning population and growing economic clout, is poised to become a global superpower by 2047, according to Martin Wolf, the chief economics commentator of the Financial Times. However, the transition to a high-income economy within this timeframe may prove challenging due to the current global economic landscape and inherent systemic issues. Current Economic Landscape In a recent talk titled "What Would it Take for India to Become a Developed Country by 2047," Wolf outlined the hurdles India faces on its path to high-income status. He…
Russian ‘Meat Assault’ Tactics Result in Heavy Casualties in Ongoing Conflict with Ukraine Context and Background The evolving conflict between Russia and Ukraine has taken a brutal turn as Russian forces deploy head-on “meat assault” tactics. This recent strategy, as reported by BBC News, involves sending waves of troops to reveal Ukrainian firepower positions, leading to substantial casualties on both sides. Since Russia’s invasion of Ukraine in February 2022, the conflict has resulted in severe destruction and loss of life, with major cities like Kharkiv and Bakhmut facing relentless assaults. Brutal Tactics Near Kharkiv Lt Col Anton Bayev of the…
The Diverging Paths of Russia and China: A Tale of Oil and Green Energy In a significant shift in global trade dynamics, Russia’s oil exports to China surged by 24% in 2023 compared to the previous year. The Sila Sibiri pipeline, also known as the "Power of Siberia," has been operating at full capacity to meet the rising demand from Beijing. This increase has offered a temporary lifeline to the Russian economy, vital for its financial stability amid international sanctions and geopolitical tensions. However, this boom may be short-lived. While Russia leans heavily on fossil fuel exports, its largest buyer,…
NATO Chief Jens Stoltenberg Emphasizes Need for Long-term Support for Ukraine Ahead of Summit The US-led NATO alliance aims for Ukraine to not only triumph in its ongoing conflict with Russia but also to establish a lasting deterrence against future aggression from Moscow. This statement was made by NATO Secretary General Jens Stoltenberg during a press conference on Friday, anticipating the upcoming NATO summit scheduled to take place next week in Washington. Context: The Enduring Ukraine Conflict The conflict between Ukraine and Russia erupted in full-scale violence in 2014 when Russia annexed Crimea and supported separatist movements in Ukraine’s eastern…
Saudi Arabia’s Commercial Registrations Surge by 78% in Q2 2024 Dubai: The Saudi Ministry of Commerce has recorded a remarkable increase in commercial activity, issuing over 120,000 commercial registrations in the second quarter of 2024. This figure represents a significant 78% uplift compared to the same period last year. According to data released by the ministry, a total of 121,521 business identification cards were dispensed by the end of June, a notable rise from the 68,222 issued in the previous year. This growth was observed across multiple sectors. Specifically, e-commerce registrations witnessed a 17.47% increase, reaching 40,697 registrations. Container handling…
Saudi Arabia Sees Record 78% Increase in Business Registrations in Q2 2024 RIYADH — The Saudi Ministry of Commerce reported a substantial surge in business registrations for the second quarter of 2024, issuing over 120,000 new registrations, which marks a 78 percent increase from the previous year. Ministry data indicates that 121,521 official business identification cards were granted in the quarter ending in June, up from 68,222 during the same period in 2023. Growth Across Key Sectors The increase spans multiple pivotal sectors. E-commerce registrations rose by 17.47 percent to 40,697. Container handling services saw a striking 48 percent growth,…
[ Marriott International Inc. Expands Its Footprint in Ethiopia to Boost Economic Growth In a recent meeting between Prime Minister Abiy Ahmed and Marriott International Inc. President and Chief Executive Officer Anthony Capuano, the focus was on Marriott’s strategic plans to enhance Ethiopia’s hospitality and travel sector. The company shared its growth plans, which include the addition of nine properties across the country, anticipated to generate hundreds of new jobs and contribute to Ethiopia’s economic development. With a 26-year history in Ethiopia, Marriott has established a strong presence with the Sheraton Addis, a Luxury Collection Hotel, and Marriott Executive Apartments…
Egypt-European Union Investment Conference Sparks New Era of Cooperation and Growth The Egypt-European Union (EU) Investment Conference, which took place in Cairo on June 29 and 30, has opened new avenues for collaboration and investment between Egypt and the EU. This significant event arrives amidst pressing economic challenges for Egypt, including declining revenues from the Suez Canal and a tepid recovery in tourism due to ongoing geopolitical conflicts. High-Stakes Gathering The conference drew more than 1,000 delegates, including notable figures like Egyptian President Abdel Fattah El-Sisi and European Commission President Ursula von der Leyen. It is regarded as the inaugural…
Family of Deceased Agniveer Ajay Singh Chased Away Media, Allege Harassment; Compensation Dispute Escalates In a dramatic incident outside the residence of the deceased Agniveer Ajay Singh (23) in Ramgarh Sardaran village, Ludhiana district, family members chased away a group of electronic media reporters, accusing them of harassment. The family is embroiled in a bitter dispute with the government over the promised ex gratia payment, which, they claim, has remained unpaid for over six months since Singh’s death. Ajay Singh, a young Agniveer, tragically lost his life in a landmine blast in the Rajouri sector of Jammu & Kashmir in…