Latest News, Updates & Breaking Headlines
India’s merchandise trade deficit widened sharply to $28.38 billion in April as imports rose 10 per cent year-on-year despite a steep decline in inbound shipments from Middle East amid continuing geopolitical disruptions.Government data released on Friday showed India’s imports increased to $71.94 billion in April from $65.38 billion in the year-ago period, while exports stood…
China’s rare earth exports were valued at $64.2 million in April 2026, according to preliminary trade data released by the General Administration of Customs of the People’s Republic of China (GACC), ANI reported.The customs data showed that China exported 5,308.6 tonnes of rare earths during the month.China’s overall exports rose 12 per cent month-on-month in…
The Chinese vessel seized by the United States in Strait of Hormuz was headed to Iran to help “prop-up” the regime, claimed American politician Nikki Hailey on Tuesday.“The ship the US seized in the Strait of Hormuz this weekend was headed from China to Iran and is linked to chemical shipments for missiles. It refused…
The United States has informed several European allies that deliveries of previously contracted weapons are likely to be delayed as the ongoing Iran war places increasing pressure on American arms stockpiles, according to five sources familiar with the matter.Reuters sources, who spoke on condition of anonymity, told Reuters that multiple European countries, including nations in…
China’s export growth slowed sharply in March, with a year-on-year rise of just 2.5% as the Middle East war continues to cast a shadow over global demand and energy markets. The latest customs figures not only fell below expectations but also marked a sharp slowdown from the 21.8% growth seen in the first two months…
Saudi Arabia is set to significantly scale back its oil supplies to China next month, with traders indicating that shipments could fall to nearly half of the volumes seen in April as the Middle East tensions continue to intensify and disrupt energy flow across the country.Chinese buyers are expected to receive around 20 million barrels…
Donald Trump early Sunday doubled down on his victory rhetoric against Iran, claiming the US had dismantled Tehran’s military capabilities and warning China of serious consequences if it is found to have supplied weapons to the Mojtaba Khamenei-led Islamic Republic.US President Donald Trump said, “… They have no navy, radar or air force. Their leaders…
At present, 16 India-flagged vessels remain stuck in the Persian Gulf. (AI image) Looking to take advantage of the two week ceasefire window, India is urging Iran to help expedite the movement of India-bound oil ships through the Strait of Hormuz. The aim is to make sure these ships are quickly offloaded so that they…
During the first three months of 2026, Argentina exported 50,000 tonnes of LPG to India. (AI image) LPG crisis: India’s imports of LPG from Argentina have more than doubled in the first few months of 2026 as the ongoing conflict in the Middle East continues to disrupt supplies of liquified petroleum gas for India. India…
Indian companies are facing supply-chain disruptions ranging from shipment delays to shortages of key raw materials due to the ongoing conflict in the Middle East, the Confederation of Indian Industry (CII) said on Sunday, highlighting rising stress in sectors dependent on global trade flows.In a statement, CII director general Chandrajit Banerjee said, as quoted PTI,…
