Finance
We are fully prepared to respond to US sanctions and economic pressure — Islamic Republic of Iran
Iran has vowed to retaliate against the United States after Washington announced a new wave of broad economic sanctions against Tehran. Iranian Finance Minister Ali Madanizadeh said Iran is fully prepared to confront the new U.S. pressure, while Tehran maintains that its major trading partners will not bow to Washington’s demands.
Xi Jinping Likely to Visit India After Seven Years With a 400-Member Delegation
Chinese President Xi Jinping is likely to visit India next month to attend the BRICS Summit in New Delhi on September 12 and 13, according to Reuters, although Beijing has not yet officially confirmed his visit. Indian sources said Chinese officials are working on hotel arrangements and security protocols for the possible trip.
India Deepens Trade Ties with Southern Africa as Global South Economic Engagement Expands
India is taking steps to further strengthen its economic and trade relations with countries of the Global South. As part of the initiative, New Delhi has agreed to resume negotiations with the Southern African Customs Union (SACU) on a preferential trade agreement.
China to Order Up to 120 More Aircraft from European Manufacturer Airbus: German Chancellor Merz
German Chancellor Friedrich Merz announced on Wednesday that China plans to order up to 120 aircraft from European manufacturer Airbus.
India and the European Union Finalize Historic Free Trade Agreement
India and the European Union (EU) have finalized a historic Free Trade Agreement (FTA), which is set to elevate economic partnership between the two largest democracies to a new level. Under the agreement, tariffs on most goods will be significantly reduced or completely eliminated, making it the largest free trade deal ever concluded between India and the EU.