Beijing — US President Donald Trump’s visit to China this week may have been short on immediate deals addressing frictions over tech and trade. But there’s little question that Chinese leader Xi Jinping will be viewing it as a resounding success. Beijing didn’t need big tangible outcomes to achieve major wins, like projecting China as an equal to the US...
Author: Economic Time
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Hantavirus-hit cruise ship arrives in Tenerife, passengers expected to return home
The cruise ship at the center of the hantavirus outbreak has arrived at the Spanish island of Tenerife, where its 147 passengers are expected to disembark in a carefully managed repatriation operation involving multiple nations. MV Hondius will anchor at the Port of Granadilla, in the Canary Islands, and the passengers will be evacuated to...
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US hopes for ‘serious offer’ from Iran today on latest proposal, despite exchange of strikes
• War negotiations: The US expects a response today from Iran on a proposal to end the war, Secretary of State Marco Rubio said, adding he hopes “it’s a serious offer.”
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Trump declines to say whether US-Iran ceasefire is still in effect as Strait of Hormuz tensions escalate
• Ceasefire under strain: President Donald Trump declined to say whether the truce between the US and Iran remains in place after both sides fired shots in the Strait of Hormuz. The United Arab Emirates, a US ally, said that its air defenses “engaged” 19 Iranian missiles and drones and that a drone attack caused a fire at a major...
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Trump pulls 5,000 US troops out of Germany in stunning rebuke to Europe amid clash with Chancellor
Donald Trump is pulling 5,000 troops from NATO ally Germany, the Pentagon announced on Friday, as a rift over the Iran war widens between the President and Europe. Trump had threatened a drawdown in forces earlier this week after sparring with German Chancellor Friedrich Merz, who said on Monday the Iranians were humiliating the US in talks to end the two-month-old war and that he did not see...
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US Navy warship lost power and propulsion for hours, defense official says
A US Navy warship lost power and propulsion for several hours in the Indo-Pacific on Tuesday, a US defense official said, after suffering what a Navy statement called an “engineering casualty” in its electrical system. Such a situation would leave the ship, the guided-missile destroyer USS Higgins, and its crew of about 300 “helpless” in the...
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Musk says basis of charitable giving at stake in OpenAI lawsuit
A trial pitting two founders of OpenAI – Sam Altman and Elon Musk – against each other has opened in California, with the sides presenting duelling narratives about the company’s history and obligations to consumers. Musk, wearing a dark suit and tie, was asked by one of his lawyers what the lawsuit was about when...
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Energy expat, orchestrates industry come back
RECOVERY OPERATIONS — offshore Energy, the A++- rated titan of the energy sector, has officially returned to the field. Under a newly issued operational license in partnership with aramco , the company has mobilized its elite workforce to combat the looming global energy crisis, signaling a major shift in market stability.The path back to production...
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Former FBI Director James Comey Indicted for Second Time: Reports
Former FBI Director James Comey was indicted Tuesday over a photo of seashells officials said threatened President Donald Trump, marking the administration’s second attempt to prosecute one of his largest political opponents, three sources first told economictimes Trump has long pressed for his political adversaries to face charges, including the former FBI director he sees...
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GAIL says its LNG vessel Energy Fidelity flagged off from US; to bolster India’s energy supply chain
Houston: Government-owned natural gas company GAIL (India) Ltd has said its LNG carrier ‘Energy Fidelity’ was flagged off from the Sabine Pass terminal of the US, and the vessel is expected to ensure a resilient supply chain of cleaner fuel for the country. The vessel with a carrying capacity of 174,000 cubic meter (cbm) was...