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Tajul Islam The latest incident of helicopter crash involving Iranian President Ebrahim Raisi has sparked a wave of speculation and concern both within Iran and internationally. Occurring in dense fog over the rugged terrain of Iran’s East Azerbaijan province, the incident raises critical questions about the circumstances that led to such a dangerous situation for one of the country’s most protected figures. On a routine diplomatic mission, President Raisi’s helicopter was carrying several high-ranking officials, including Foreign Minister […]

James M Dorsey Multiple overt and covert wars have pushed the Middle East to the edge of a cliff. Increased tension between Iran and Israel complicates efforts to pull the Middle East back from the abyss. With the two archenemies walking a fine line between waging covert or overt war, escalation between Israel and Iran has the greatest potential to push the Middle East off the cliff. […]

James M Dorsey This year’s US presidential elections are not the only potential hurdle confronting President Joe Biden’s multi-pronged vision for a Middle East peace once the Gaza war ends. So is Israeli intransigence, the prospect of a long-term insurgency in post-war Gaza, and increasing Saudi Chinese technological cooperation. The Biden administration is pushing for a multi-pronged comprehensive Middle East deal that would not only end the […]

Oil prices surged on Thursday, reaching their highest level in four months, after the International Energy Agency (IEA) revised its outlook for the global oil market. The upward revision suggests a tighter market in 2024, driven by stronger-than-expected demand growth. Brent crude oil futures for May delivery closed at $85.42 per barrel, a 1.7% increase from the previous day. This marks the highest closing price since early […]

James M Dorsey The Gaza war has turned Palestine into a lightning rod for mounting frustration and discontent in Arab autocracies such as Egypt, Jordan, Tunisia, Algeria, and Morocco. Concerned that the war could mobilise segments of civil society, Saudi Arabia and the United Arab Emirates where any form of public protest is banned, have cracked down on expressions of solidarity with Gaza, including the sporting of […]

By Tajul Islam With a population of around 165 million, Bangladesh, situated in southern Asia, traditionally depended heavily on agriculture for its economic sustenance. However, a promising shift has been observed as the Ready-made Garment (RMG) sector emerges as the country’s primary foreign currency earner. Employing approximately 4.2 million individuals, this sector significantly bolsters the GDP. Fueled by a dynamic, urbanizing workforce, predominantly constituted of women, Bangladesh’s […]

By Nantoo Banerjee Two ongoing devastating wars – one in Ukraine and the other in the Gaza strip – have so far killed and injured tens of thousands of civilians since last year. The Ukraine-Russia war started in February 2022. As of February 15, this year, the Office of the United Nations High Commissioner for […]

The post The United Nations Has Failed To Keep Peace And Security In The World first appeared on Latest India news, analysis and reports on IPA Newspack.

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Freighter Sinks in Red Sea After Houthi Attack, Raising Environmental Concerns The MV Rubymar, a UK-owned cargo ship, has sunk in the southern Red Sea, raising concerns about a potential environmental catastrophe. The incident comes just over two weeks after the vessel was targeted by Houthi rebels in an attack that caused significant damage and an oil spill. Yemen’s internationally recognized government confirmed the sinking on Saturday, […]

James M Dorsey Two recent soccer incidents suggest that beyond optics little has changed in the Saudi-Iranian rivalry since China mediated the restoration of diplomatic relations between the two countries a year ago. On the contrary, the Gaza war has highlighted the potential threat Iran and its non-state allies pose to the kingdom, even if both countries have toned down their rhetoric, are cautious not to provoke the other, […]

By Anjan Roy Japan, once the most highly rated economy, is officially in recession, with its GDP shrinking for two consecutive quarters. United Kingdom, currently a pale shadow of its past glory and long discounted as a major economy, has also just landed in recession posing questions about Prime Minister Rishi Sunak’s economic policies. Underlying […]

The post Global Economy Enters A New Chaos Period With Recession In Japan, UK first appeared on Latest India news, analysis and reports on IPA Newspack.

By Nantoo Banerjee It is difficult to believe in the 21st century that some small groups of Yemeni Houthi pirates on the Red Sea can bring a $1-trillion-plus annual global trade using the sea route almost to a halt, forcing shipowners and shippers divert the trade through a several times longer route via the Cape […]

The post Houthi Pirates Bring Global Trade Through Red Sea To A Near Halt first appeared on Latest India news, analysis and reports on IPA Newspack.

By Girish Linganna The interim Budget 2024 has not made mention of any measure or recommendation to address the very serious bottleneck that has been gripping India’s maritime trade for weeks now—the Red Sea crisis! This crisis is also known as the United States-Iran proxy war that began on October 19, 2023, when the Houthis […]

The post 2024-25 Budget Is Silent On India’s Maritime Preparedness To Deal With Red Sea Crisis first appeared on Latest India news, analysis and reports on IPA Newspack.

By Satyaki Chakraborty With the killing of three US soldiers in its military base in Jordan on Monday, the Israel Hamas war has spread to one more country in the Middle East region, apart from involving Iran, Iraq, Lebanon, Yemen and Syria. The US military has talked of a consequent action meaning, there will be […]

The post Israel-Hamas War Expands To Jordan Involving Six Countries Of The Region first appeared on Latest India news, analysis and reports on IPA Newspack.

By K Raveendran The deterioration in recent weeks of the security situation in the Red Sea, where Yemen-based Houthi militia in support of Palestine have disrupted global trade by launching drone and missile attacks on vessels, is posing a geopolitical risk to LNG prices. It has now been more two months since the first attack […]

The post Deterioration In Red Sea Situation Threatens LNG Trade Flows, Drags Prices Down first appeared on Latest India news, analysis and reports on IPA Newspack.

Chinese officials have asked their Iranian counterparts to help rein in attacks on ships in the Red Sea by the Iran-backed Houthis, or risk harming business relations with Beijing, four Iranian sources and a diplomat familiar with the matter said. The discussions about the attacks and trade between China and Iran took place at several […]

The post China warns Iran as Red Sea ship attacks rise first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Equity investors became poorer by Rs 8.50 lakh crore on Tuesday as markets came under a bear attack, with the benchmark Sensex falling almost 1,053.10 points. Equity benchmark index Sensex tumbled 1,053 points to close below the 71,000 level on Tuesday, dragged down by index heavyweights HDFC Bank, Reliance Industries and SBI amid mixed […]

The post Investors Wealth Erodes By Rs 8.50 Lakh Crore As Markets Tumble first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The country’s exports of goods and services rose marginally by 0.4 per cent to USD 765.6 billion in 2023 despite global economic uncertainties, according to the commerce ministry data. Sectors which helped keep India’s exports afloat include electronics, pharmaceuticals, cotton yarn, fabrics and made-ups; ceramic products, meat, dairy and poultry products, fruits and […]

The post India’s Goods & Services Exports Rise By .4 Per Cent first appeared on Latest India news, analysis and reports on IPA Newspack.

By Girish Linganna The involvement of Iran in the escalating conflict between Israel and Gaza has been somewhat downplayed and indirect. However, in the last week, a series of direct retaliatory actions by Iran have sparked fresh discussions about Tehran’s strategic objectives. There is growing speculation about whether China might be requested to intervene as […]

The post Iran’s Strikes Indicate Shifting Relationship Between Nations During Gaza War first appeared on Latest India news, analysis and reports on IPA Newspack.

The International Energy Agency (IEA) on Thursday made a further upward revision to its 2024 oil demand growth forecast, though its projection remains dramatically lower than producer group OPEC’s expectations. The Paris-based agency’s forecast, its third consecutive upward revision in as many months, predicts that global oil consumption will rise by 1.24 million barrels per […]

The post IEA Raises 2024 Oil Demand Forecast Again, This Time By 180,000 bpd first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s trade deficit in December narrowed to a three-month low of $19.8 billion amid an import slowdown due to falling commodity prices. Merchandise exports during the month grew 0.97 per cent over a year earlier to $38.45 billion, contrary to the trend of a slowdown so far this financial year, showed data released […]

The post Trade Deficit Falls To Three-Month Low Of $19.8 Billion In December first appeared on Latest India news, analysis and reports on IPA Newspack.

By Arun Kumar Shrivastav A lot has happened over Prime Minister Narendra Modi’s blissful walk on the sandy pristine beach of one of India’s least explored tourism destinations – Lakshadweep. Living among 1.40 billion people has its share of joys and perils. One of the most irritating problems that most Indians face is the lack […]

The post India Govt Should Deal With Maldives With Caution And Perspective first appeared on Latest India news, analysis and reports on IPA Newspack.

By K Raveendran Shipping rates have already gone up by more than three times in a week after the January 9 attack by Houthis on the Red Sea. But supply chain professionals are warning that the rates are going to further shoot up in the coming weeks. This is bad news for India’s export-import trade, […]

The post No Relief For Export-Import Trade As Shipping Costs Expected To Further Shoot Up first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The commerce ministry has called a high-level inter-ministerial meet next week to discuss ways to insulate India’s trade from the ongoing problems in the Red Sea, a senior official said on Thursday. Senior officials from five ministries — external affairs, defence, shipping and finance and commerce — will participate in the deliberations. The […]

The post Inter Ministerial Meet To Discuss Ways To Insulate India Trade From Red Sea Crisis first appeared on Latest India news, analysis and reports on IPA Newspack.

By Satyaki Chakraborty Israel’s Gaza war has entered its fourth month on January 7 this year leading to a death toll of more than 22,500.The entire Gaza strip has been devastated by the Israeli bombings. Apart, the Israel Defence Forces have targeted areas of both Lebanon and Iraq giving the war against the Palestinians a […]

The post Israel’s Gaza War Expands To Lebanon, Iraq; Enters Fourth Month first appeared on Latest India news, analysis and reports on IPA Newspack.

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