India 5th largest military spender; expenditure 9 times more than Pakistan
Monday, 28 April 2025 () Global military spending surged to a record $2.718 trillion in 2024, marking the steepest increase since the Cold War. India ranks as the fifth-largest military spender, allocating $86 billion, but faces challenges from China and Pakistan.
In this exclusive interview, Atul Aneja, a renowned Foreign and Strategic Affairs Expert, discusses India's bold shift in foreign policy, focusing on the suspension of the Indus Waters Treaty. Mr. Aneja sheds light on India's new strategic posture in South Asia and what it means for regional...
U.S. Treasury Secretary Scott Bessent declined to confirm direct tariff negotiations with China, suggesting that Beijing faces severe economic fallout if current trade barriers persist. Speaking to reporters, Bessent cited potential Chinese job losses in the millions and argued that the U.S. trade deficit puts pressure on China to act. While avoiding specifics on communications, he hinted at the unsustainable nature of China’s tariff stance. Beijing denies ongoing talks. The standoff continues, clouded by diplomatic silence and sharp warnings of economic instability from Washington.
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Tariff War: Treasury Secretary Scott Bessent addressed pressing concerns about supply chain shocks and progress on trade deals with key Asian allies. Amid declining Chinese cargo shipments, Bessent dismissed fears of disruptions, praising U.S. retailers’ preparation. He hinted at imminent trade announcements with India and ongoing negotiations with South Korea and Japan, emphasizing that election cycles abroad are accelerating—not delaying—talks. Bessent characterized India as an “easier” partner due to its transparent tariff regime. The conversation reflects rising urgency in reshaping global trade relationships amid shifting geopolitical currents.
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A fresh wave of Russian airstrikes has killed at least eight civilians and injured 24 others across Ukraine, including multiple children. Ukrainian officials report intensified attacks amid Kyiv’s calls for a ceasefire. Among the dead are a 12-year-old girl in Samars, a 68-year-old man in Semenivka, and a child in Dnipropetrovsk. Air defenses intercepted 37 of 100 drones, while others vanished off radar. Deadly strikes continued across Donetsk, Kharkiv, and Chernihiv, as the human toll of the ongoing conflict grows heavier by the day.
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Are spheres of influence making a comeback on the international stage?
While the concept lost some of its relevance at the end of the Cold War, it is back in the spotlight with the return of Donald Trump and the war in Ukraine.
READ MORE : http://www.euronews.com/2025/03/24/are-spheres-of-influence-making-a-comeback-on-the-international-stage
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Credit: euronews (in English) Duration: 02:24Published
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