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This is a Yahoo News special report.
MUMBAI (Reuters) -The Indian rupee hit record lows against the U.S. currency on Tuesday after higher oil prices raised concerns of sustained inflation, although intermittent dollar selling by the central bank helped limit losses. India imports more than two-thirds of its oil requirements, and higher crude prices add to the country's trade and current account deficits (CAD) and hurt the rupee by pushing up imported inflation. Oil prices rallied for a third day as major producers Saudi Arabia and the United Arab Emirates looked unlikely to be able to boost output significantly, while political unrest in Libya and Ecuador added to supply concerns.
Menswear proved to be in reinvigorated form as Paris Fashion Week ended on Sunday, with spectacle, innovation and the return of big-name designers to the catwalk.
NATO allies will boost high readiness forces to "well over 300,000" troops as they strengthen their defences in response to Russia's war on Ukraine, alliance chief Jens Stoltenberg said Monday. Leaders from the US-led military alliance will meet in Madrid this week for what Stoltenberg said would be a "transformative" summit as it grapples with the fallout of Moscow's invasion of its pro-Western neighbour. Stoltenberg said allies would bolster some of their battle group formations along NATO's eastern flank "up to brigade level" -- tactical units of around 3,000-5,000 troops -- and ratchet up high readiness numbers to "well over 300,000". In addition, more heavy weaponry including air defence systems would be shifted forwards and forces pre-assigned to defend specific NATO members on the alliance's exposed eastern edge. "This constitutes the biggest overhaul of our collective defence and deterrence since the Cold War," Stoltenberg said. NATO currently has a high readiness force of around 40,000 troops under its command, but the more than 300,000 troops are expected to form a larger pool that the alliance could tap into in the case of an emergency. A NATO official said the new system would be in place next year and improve the alliance's "ability to respond at very short notice for any contingency" with land, sea, air and cyber assets. Stoltenberg also said leaders would agree to bolster NATO's essential support to embattled Ukraine, whose President Volodymyr Zelensky is set to call in via video link. - US spearhead - That package would include "substantial deliveries" of gear like secure communications, anti-drone systems and fuel, and help Ukraine over the longer term to pivot to using more advanced NATO-standard arms. This support is separate from weaponry that NATO members -- spearheaded by the United States -- are already funnelling to Ukraine, including anti-tank rockets, artillery and air defence to help it hold back Russia's onslaught. NATO has been building up its forces in the east of the alliance since Moscow first moved into Ukraine with the annexation of Crimea in 2014. The alliance has rushed tens of thousands more troops to the region since Moscow launched its full-scale invasion on February 24. NATO now has eight battle groups across its eastern members and Stoltenberg said some of these -- likely in the Baltics and Poland -- would be bolstered to "brigade level". Jittery leaders in the Baltics have pushed for major and permanent troop deployments that could stop the Kremlin's forces at NATO's border. Germany has said it would take the lead on a new brigade in Lithuania -- where it already has forces -- but most of those troops would be permanently stationed back on home soil. Britain's defence minister has said his country will likely propose a similar set-up for Estonia -- where it commands the existing battle group. Stoltenberg said he expected other allies to announce forces dedicated to protecting specific eastern members at the summit that starts on Tuesday evening. del/dc/jm
South Korea’s decision to join a US-led pact on mineral supply helps satisfy a “definite need” to cut dependency on China for key resources, including rare earths, analysts said. Securing key resources has become a core task for major economies around the world, as minerals are a crucial element incorporated into cutting-edge technologies, green energy and national defence industries. Countries have traditionally relied on China as it not only holds the largest amount of rare earth reserves, but
Opener Deepak Hooda scored an unbeaten 47 on Sunday as India hunted down 109 runs to take a seven-wicket win in a match reduced to 12 overs a side due to rain. Malik, who lit up this year's Indian Premier League and sent down three of the five fastest deliveries of the competition, marked his arrival in Malahide with a 92 mph (148 kph) thunderbolt but his only over cost 14 runs. "When you play for India for the first time, and the journey he has taken, it's important to give such a bowler and such a talent time," said Pandya.
FunPlus Phoenix's 0711 and Fadou talk to Yahoo Esports SEA after their matches in the Group Stage of the League of Legends: Wild Rift Icons Global Championship in Singapore.
Move comes after India’s Supreme Court cleared Modi of any wrongdoing related to Gujarat riots in 2002, when he was state’s chief minister
Ecuadoran President Guillermo Lasso announced Sunday that the country will cut fuel prices, which had sparked weeks of demonstrations, though not by as much as protesters have demanded.
A family in eastern China filed a police report after their two-year-old daughter mysteriously fell to her death from the eighth floor of a residential building. It happened after the toddler was taken to that floor because she was accidentally left behind in a lift by her nanny. According to the June 14 surveillance footage from Hangzhou, capital of Zhejiang province, the toddler, nicknamed Little Cherry, was left in the lift by her nanny, surnamed Wu. The woman was engrossed in her mobile phon
Myanmar authorities said they torched more than half a billion dollars worth of narcotics on Sunday as part of eradication efforts for World Drug Day, as the UN warns that production of methamphetamine in the region is hitting record levels.
At least four people were killed and more than 300 injured on Sunday when the grandstand at a bullring in Colombia collapsed during a popular event at which members of the public face off with small bulls, officials said.
During the nine-month trial stemming from France's worst ever terror attacks in November 2015, the moment hundreds of victims were hoping for came late in proceedings.
Hong Kong’s outgoing chief executive Carrie Lam Cheng Yuet-ngor has made her last comments on social media as the city’s leader, and will shut down her accounts once she steps down on Thursday. In what she noted were her final posts on her Facebook and Instagram accounts on Tuesday, Lam said Chinese President Xi Jinping’s expected visit and speech would point out the direction for Hong Kong. She also wrote that she would be moving out of the Chief Executive’s Office in Admiralty and the Governme
Britain's most extensive exhibition of African fashion is set to open in London, showcasing designers past and present, as well as the continent's diverse heritage and cultures.
Here is a round-up of sports events and developments in Singapore in the past week (20 to 26 June).
When social worker Lo Kin-hei was elected chairman of the Democratic Party in December 2020 at the age of 36, he became the youngest leader to head the city’s largest opposition group. But there was little to celebrate. For the first time in its 26-year history, Hong Kong’s largest pro-democracy party had no representatives in the Legislative Council. Opposition parties were still reeling from the national security law Beijing imposed in June that year.Do you have questions about the biggest top
Six years after four policemen burst into her Manila slum shack and shot dead her husband and teenage son, Mary Ann Bonifacio fears for her own life as she fights for justice.
Sri Lanka's heavily loss-making state-run electricity monopoly asked for a shocking price rise of over 800 percent for its poorest customers with the bankrupt nation out of fuel, regulators said Monday.
Boys scurry, duck and weave through crowds sheltering from the suffocating heat before upending buckets of cooling water on beefy bovines waiting to compete at the annual traditional Thai buffalo races in Chonburi on Sunday.
Cash-strapped Sri Lanka announced a two-week halt to all fuel sales except for essential services starting Monday and called for a partial shutdown as its unprecedented economic crisis deepened.