Trump moves nuclear submarines closer to Russia after inflammatory remarks
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Yahoo
27 minutes ago
- Yahoo
Modi Defiant as Trump Steps Up Pressure on India's Russian Oil Purchases
(Bloomberg) -- Indian Prime Minister Narendra Modi struck a defiant tone in the face of US President Donald Trump's tariff threats, urging the nation to buy local goods as his administration signaled it would continue buying Russian oil. We Should All Be Biking Along the Beach Seeking Relief From Heat and Smog, Cities Follow the Wind Chicago Curbs Hiring, Travel to Tackle $1 Billion Budget Hole NYC Mayor Adams Gives Bally's Bronx Casino Plan a Second Chance Modi's government hasn't given India's oil refiners instructions to stop buying Russian oil, and no decision has been taken on whether to halt the purchases, people familiar with the situation told Bloomberg, asking not to be named due to the sensitivity of the matter. Both state-run and private refiners are allowed to buy from preferred sources, and crude purchases remain a commercial decision, several of the people said. Over the weekend, Modi underscored the importance of shielding India's economic interests during uncertain global conditions. The comments came just days after the Trump administration imposed a 25% tariff on Indian exports to the US. The White House is also threatening more action if India continues Russian oil purchases. 'The world economy is going through many apprehensions — there is an atmosphere of instability,' Modi said at a rally in the northern state of Uttar Pradesh on Saturday. 'Now, whatever we buy, there should be only one scale: we will buy those things which have been made by the sweat of an Indian.' India has become one of Trump's top targets as he looks to pressure Russian President Vladimir Putin to end his war in Ukraine. The US president lashed out at India last week, criticizing it for joining the BRICS grouping of developing countries and maintaining close ties with Russia, saying 'they can take their dead economies down together.' The rebuke marked a stunning shift in tone for the US, which for years had overlooked India's close historical ties with Russia as it courted the nation as a counterweight in Asia to China. Now, Trump appears willing to undo that strategy to gain leverage against Putin, who has resisted the US president's efforts to end the fighting in Ukraine. Despite escalating tensions, New Delhi has signaled its willingness to keep trade talks with Washington alive. Yet, analysts don't expect too many concessions by the world's fastest-growing major economy. In the recently inked India-UK trade agreement, Modi showed little appetite for opening up sensitive sectors like agriculture and dairy, both high on the White House's wish list, wrote Trinh Nguyen, senior economist at Natixis. 'The UK deal shows that India's policy risk appetite has risen but it will do so at its own pace,' she wrote. 'Get Real' Stephen Miller, Trump's deputy chief of staff, on Sunday accused India of imposing 'massive' tariffs on American goods and 'cheating' the US immigration system in addition to purchasing about as much Russian oil as China. 'President Trump, he wants a tremendous relationship and has had always a tremendous relationship with India and the prime minister,' Miller said. 'But we need to get real about dealing with the financing of this war.' 'So, President Trump, all options are on the table to deal diplomatically, financially and otherwise with the ongoing war in Ukraine, so we can achieve peace,' Miller added. Trump last week told reporters he 'heard' India would no longer be buying oil from Russia, calling it 'a good step.' Bloomberg reported last week that refiners were told to come up with plans for buying non-Russian crude, but one of the people said the instruction amounted to scenario planning in case Russian crude were to become unavailable. The New York Times reported Saturday that India would keep buying Russian crude despite a threat of penalties from Trump, citing two senior Indian officials it didn't identify. An Oil Ministry spokesperson didn't reply to messages from Bloomberg seeking comment outside of regular business hours. India's refiners have been singled out by the European Union and the US for supporting Moscow during its war in Ukraine with the oil purchases. It has become the world's biggest buyer of Russian seaborne exports of crude, soaking up discounted barrels and ramping up its purchases from almost zero to about one-third of its imports. Although China is the primary economic and diplomatic backer of Russia, Trump's leverage against the world's second-biggest economy is limited due to Beijing's control of rare-earth magnets the US needs to make high-tech goods. The US and China have held talks in recent months aimed at stabilizing the relationship after they both hiked tariffs on each other's goods well beyond 100% earlier this year. Despite rising tensions, Indian equities rose Monday while the rupee and bonds also gained, buoyed by a sharp drop in crude oil prices after OPEC+ announced plans to significantly increase production in September. Lower oil prices offer relief to the South Asian nation, which is a net fuel importer. India's next steps hinge on the severity and duration of any potential penalties. 'Just as Mr. Trump is doing his own cost-benefit analysis for America, each government will do its own analysis,' said Devendra Pant, chief economist of India Ratings, the local arm of Fitch. 'Time-Tested Partnership' Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. India has defended its ties with Russia, one of its biggest suppliers of weapons dating back to the Cold War. The two nations have a 'steady and time-tested partnership,' Indian Foreign Ministry spokesperson Randhir Jaiswal told reporters on Friday. 'Our bilateral relationships with various countries stand on their own merit and should not be seen from the prism of a third country,' Jaiswal said. Asked about ties with the US, he added that he's 'confident that the relationship will continue to move forward.' India expects US trade negotiators to visit the country toward the end of the month to continue talks on a bilateral deal, an official in New Delhi said Friday. The nation will hold its ground and won't give the US access to its dairy and agriculture sectors, the official said, citing political and religious sensitivities. Modi's renewed emphasis on domestic manufacturing and consumption echoes his long-standing 'Make in India' initiative. However, the message has taken on new urgency after the US tariffs. 'The interests of our farmers, our small industries and the employment of our youth are of paramount importance,' Modi told the rally on Saturday. --With assistance from Ruchi Bhatia, Anup Roy and Vrishti Beniwal. (Updates with comments from economists and market details.) How Podcast-Obsessed Tech Investors Made a New Media Industry Russia Builds a New Web Around Kremlin's Handpicked Super App Everyone Loves to Hate Wind Power. Scotland Found a Way to Make It Pay Off What's Really Behind Those Rosy GDP Numbers? Cage-Free Eggs Are Booming in the US, Despite Cost and Trump's Efforts ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Newsweek
29 minutes ago
- Newsweek
US Scrambles Fighter Jets After Unauthorized Aircraft Fly Over Trump
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. U.S. fighter jets were scrambled to intercept a civilian aircraft after it entered the airspace over President Donald Trump's Bedminster golf course this weekend. A temporary flight restriction zone was in place over the New Jersey golf course when a pilot flew into in at around 12:50 p.m. ET on Sunday. North American Aerospace Defense Command (NORAD) aircraft used flares to get the pilots' attention and then escorted the plane out of the zone, NORAD said in a statement. It was the second interception made by NORAD in the restriction zone on Sunday, and the fifth of the weekend. NORAD said in a statement: "General aviation pilots are reminded to verify all Federal Aviation Agency (FAA) Notice to Airmen (NOTAMs) and Fly Informed before every flight." President Donald Trump in Allentown, Pennsylvania, on Sunday. President Donald Trump in Allentown, Pennsylvania, on Sunday. Julia Demaree Nikhinson/AP This is a developing story. More to follow.
New York Times
29 minutes ago
- New York Times
Trump's Immigrant Crackdown in New York: More Arrests, Longer Detention
When President Trump returned to power, Democratic officials and immigrant communities braced for the prospect of mass raids in New York City, with predictions of roundups at migrant shelters, restaurant kitchens and street corners, and federal agents flooding schools, hospitals and even churches. But a starkly different reality has emerged in America's largest city during the first six months of Mr. Trump's second term. Unlike in Los Angeles and other parts of the country, immigration agents in New York have, for the most part, employed a much simpler strategy. They have had immigrants come to them. New federal data shows that half the migrants arrested in the New York City area since Jan. 20 have been detained after being summoned to the federal immigration offices in Manhattan or to the immigration courts there. They come for routine and mandated appearances, with judges typically determining whether someone who is in the country unlawfully can be deported or is eligible for asylum. Instead, in recent months, hundreds of people have been handcuffed without notice, largely out of public view. As the use of that tactic has accelerated, so have detentions. Immigration and Customs Enforcement agents arrested at least 2,365 immigrants in the region between late January and the end of June, a nearly 200 percent increase from the five months before Mr. Trump took office, according to the data. The new figures offer the clearest picture yet of the president's crackdown in the city with the country's largest immigrant population. Despite that distinction, New York has not topped the list of cities with the most immigrant arrests, even if apprehensions are above Biden-era levels. Immigration arrests in the New York City area have climbed under Trump Weekly ICE arrests 383 Detained for: shorter than 12 hours longer than 12 hours Detentions spike, driven by check-in and courthouse arrests, after Stephen Miller's meeting with ICE. 200 arrests Trump's inauguration 100 April '24 July Oct. Jan. '25 April 383 Detained for: shorter than 12 hours longer than 12 hours 300 arrests Detentions spike, driven by check-in and courthouse arrests, after Stephen Miller's meeting with ICE. 200 Trump's inauguration 100 April '24 July Oct. Jan. '25 April Note: Data is through June 26. Source: Deportation Data Project By The New York Times More than half of immigrants arrested in New York City had no criminal charges or convictions ICE arrests by criminal status in the New York City area under Trump No convictions 54% Pending charges 16 CONVICTIONS D.U.I. 7 Violent 7 Other 4 Public disorder 2 Robbery 2 Drug-related 2 Immigration 2 Sex-related 1 Weapons-related 1 Fraud 0.8 Traffic offense 0.5 No convictions 54% Pending charges 16 CONVICTIONS D.U.I. 7 Violent 7 Other 4 Public disorder 2 Robbery 2 Drug-related 2 Immigration 2 Sex-related 1 Weapons-related 1 Fraud 0.8 Traffic offense 0.5 Note: Data is through June 26. Source: Deportation Data Project By The New York Times Home countries of immigrants arrested in New York City ICE arrests by country of origin in the New York City area under Trump 100 200 300 400 500 Ecuador El Salvador Venezuela Honduras Mexico Guatemala Dominican Rep. Colombia China Peru Senegal Jamaica Haiti India Nicaragua Bangladesh Guinea Russia Georgia Uzbekistan 100 200 300 400 500 Ecuador El Salvador Venezuela Honduras Mexico Guatemala Dominican Republic Colombia China Peru Senegal Jamaica Haiti India Nicaragua Bangladesh Guinea Russia Georgia Uzbekistan Note: Data is through June 26. Only the top 20 countries are shown. Source: Deportation Data Project By The New York Times Want all of The Times? Subscribe.
