PM Modi tells G20 leaders to prevent Israel-Hamas conflict from escalating
The summit, hosted by India, aimed to assess progress on policy suggestions and goals outlined during the annual G20 summit in New Delhi last September. Wednesday's summit was attended by Russian President Vladimir Putin, Chinese Premier Li Qiang, Japan's Fumio Kishida, Turkey's Tayyip Erdogan, Canada's Justin Trudeau, Australia's Anthony Albanese and Brazil's Luiz Inacio Lula da Silva, among others. Key Points
Economic TimesBlinken says will work with China's Wang Yi to rein in Mideast tensions
U.S. Secretary of State Antony Blinken has stated that he will cooperate with China's top diplomat Wang Yi to prevent the Middle East conflict from escalating. Blinken urged the UN Security Council to assist in containing the conflict, particularly warning Iran and its allies against opening up new fronts. Wang is scheduled to visit the United States this week for talks with Blinken and President Joe Biden's national security advisor. Key Points
Economic TimesAsian shares hit 11-month low on Middle East anxiety, surging yields
By Stella Qiu SYDNEY (Reuters) - Asian shares plumbed a fresh 11-month trough on Friday as fears of a regional conflict in the Middle East intensified and as a relentless rise in long-term U.S. yields Key Points
ThePrintPM Modi condemns attack on Gaza's Al-Ahli Arab hospital
The ongoing conflict in Gaza has caused significant civilian casualties, which is a matter of serious concern. The authorities in Gaza claimed that an Israeli airstrike caused the tragic incident at the hospital. However, Israel has countered this claim, stating that a Palestinian rocket misfired and caused the explosion. Key Points
Economic TimesIsrael-Hamas War: Global markets watch for fallout as Middle East tensions rise
In the past week, concerns about the Israel-Hamas conflict have fed through to asset prices, contributing to weakness in stocks on Friday with the S&P 500 down 0.5%. Key Points
mintOil, gold jump, stocks slip on Middle East conflict
By Caroline Valetkevitch NEW YORK (Reuters) -Oil prices jumped more than 4%, the U.S. dollar edged up against the euro and global stock indexes eased on Monday as military clashes between Israel and Key Points
ThePrintRussia's ‘most reliable’ solution to Israel-Hamas war: ‘Problem shouldn’t be…'
Israel-Palestine Latest: Sergei Lavrov said that creating a “Palestinian state... is the most reliable path to solve (the conflict).” | World News Key Points
Hindustan TimesDealing with a tricky interview question: How do you handle conflict at work?
When asked about how they handle conflict at work, candidates should focus on showcasing their conflict management skills. An ideal response would include an example that highlights their role, the outcome, and the steps they took to resolve the conflict. Criticizing other parties involved in the disagreement should be avoided. Key Points
Economic TimesBoycotts, dip in sales — war in Gaza hits Starbucks, McDonald’s & Unilever business in West, SE Asia
Starbucks franchise operator in West Asia, North Africa confirmed layoffs as result of dip in sales affected by war in Gaza. McDonald’s & Unilever also saw sales decline in West, Southeast Asia. Key Points
ThePrintPoll reveals most Americans want the US government to publicly support Israel
ABC News/Ipsos poll: 49% of Americans find U.S. support for Israel adequate, 29% want more. Biden's handling of Israel-Hamas conflict disapproved by 54%. Key Points
Hindustan Times
How conflict management can help leaders steer organisations out of chaos
Conflict management is crucial for effective leadership. It fosters innovation, prevents escalation, and promotes team unity. Leaders must overcome biases and ego to create a conducive environment for business growth. Key Points
Economic TimesCancer doc claims NYU fired him ‘to appear impartial’ on Israel-Palestine war
A prominent cancer doctor has sued NYU for firing him ‘to appear impartial’ on the Israel-Palestine conflict. Read more about the lawsuit below. Key Points
Hindustan TimesUS does not want war with Iran, but warns of 'decisive' response if Americans are attacked anywhere
Blinken speaks to the 15-member UN Security Council amid international fears the conflict between Israel and Iran-backed Palestinian Hamas militants in Gaza Strip could spill over into a wider war. The United States told the United Nations on Tuesday that it does not seek conflict with Iran, but Secretary of State Antony Blinken warned that Washington would act swiftly and decisively if Iran or its proxies attacked US personnel anywhere. Key Points
The Tribune IndiaChina's envoy to Middle East says lack of guarantees for Palestinian rights caused Israel-Hamas war
In Qatar, China's envoy Zhai Jun reaffirms Beijing's alignment with Russia to help de-escalate Israel-Hamas war. Crisis has also increasingly put China, Russia in separate camps from US. Key Points
ThePrintIsrael-Hamas conflict: BRICS leaders, UN to hold video summit Tuesday on Gaza
BRICS leaders, along with the heads of state of six invited countries, will participate in a video summit on Tuesday to discuss the Israel-Hamas conflict. South African President Cyril Ramaphosa will chair the meeting, which will also include UN Secretary-General António Guterres. Key Points
mint
India Inc not in the crosshairs for now from Middle East conflict: Crisil
The ongoing Middle East conflict, primarily affecting Gaza, has had a negligible impact on India's trade, according to Crisil Ratings. Sectors like fertilizers and diamonds may see slight but manageable impacts, while most others will be unaffected. However, the conflict has raised gold and crude oil prices, and their trajectories are being monitored, given India's dependence on oil imports. Key Points
Economic TimesAngelina Jolie talks about Israel-Hamas conflict: This is what she said
Oscar-winning actor Angelina Jolie shared a statement about the Israel-Hamas conflict. She expressed her concern for the innocent civilians affected by the conflict and the hostage situation. Jolie also emphasized the plight of children and the humanitarian crisis in Gaza. Key Points
Economic TimesCan Israel-Palestine war impact India’s Middle East Corridor plan? Ajay Sahai answers
The role of China and Russia will be very crucial. Iran's support is quite visible, the kind of statement which Iran has issued. And we know Iran's support to Hezbollah groups there. But as of now, both China and Russia have been very diplomatic and they have rightly said that this needs to be contained Iran has some concern, but then Iran should also be equally concerned that any further escalation will take the recent rapprochement with the US off-road as well. Key Points
Economic TimesIndian shares set to open lower on Middle East tension, US rate jitters
Indian shares are set to open lower on Wednesday, as intensifying conflict in the Middle East and worries of a prolonged high interest rate regime after a better-than-expected U.S. retail sales data hurt sentiment. Key Points
ReutersUS Secretary of State Antony Blinken to return to Israel, says Arab nations don't want war to spread
Blinken will talk 'about the way forward' in Israel following several days of shuttle diplomacy between Arab states. Israel-Hamas conflict has raised concerns of a wider regional war. Key Points
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Indian shares set to open weak as US rate fears, high oil prices weigh
Indian shares are set to open marginally lower on Monday, as rising U.S. rate concerns after strong jobs data and surge in oil prices due to military conflict in the Middle East weighed on sentiment. Key Points
ReutersSudan crisis: Warring factions to meet for 'humanitarian truce' talks in Saudi Arabia
Sudan's warring parties are set to meet on Saturday in the Saudi Arabian city of Jeddah for talks, Riyadh and Washington said. However, both factions have said they will only discuss a "humanitarian truce" and not "an end of the war". Key Points
India TodayIf Israel puts troops on ground, oil on way to $100: Jonathan Barratt
The surge in crude prices is attributed to concerns about Israel putting troops on the ground and the potential for the conflict to spread into the Arab states. This uncertainty could disrupt the oil market and push prices higher. The impact on crude prices due to geopolitical tensions cannot be measured accurately, but there is concern about potential supply chain disruptions. While there may not be immediate supply constraints, the talk of Arab states becoming involved in the conflict is causing market concern about the security of oil. This could lead to higher oil prices. Key Points
Economic TimesIndia has not sent any artillery ammunition to Ukraine: MEA
On Tuesday, External Affairs Minister S Jaishankar held a useful phone conversation with his Ukrainian counterpart Dmytro Kuleba focusing on the ongoing conflict in Ukraine, Kyiv's peace formula and ways to advance bilateral ties. The phone conversation came days after Jaishankar paid a five-day visit to Russia during which he held extensive talks with Foreign Minister Sergey Lavrov and called on President Vladimir Putin. Key Points
Economic TimesAirstrikes, artillery continue as Sudan fighting enters third week
Fighting and air strikes in Sudan's capital, Khartoum, continued after the announcement of a 72-hour ceasefire extension on 3 May, despite efforts by foreign powers to broker an agreement. Fighting broke out between the army and paramilitary group, Rapid Support Forces (RSF), on 15 April 15, which displaced more than 75,000 people and derailed efforts towards democratic elections. Violence has also been reported in the western Darfur region, with at least 96 people dying in inter-communal conflict as the conflict escalated. Tens of thousands of refugees have fled the country, and foreign governments have evacuated their citizens. Key Points
Economic TimesAfter Putin, Meloni says India can resolve Russia-Ukraine conflict
Italian Prime Minister Giorgia Meloni on Saturday said countries like India and China could play a role in resolving the conflict in Ukraine. Meloni’s remarks, made at the Ambrosetti Forum in northern Italy’s Cernobbio city on Saturday — where she also held a meeting with the visiting Ukrainian President Volodymyr Zelenskyy — came less than 48 hours after Russian President Vladimir Putin also highlighted India’s efforts in solving the ongoing crisis in the region. Key Points
The TribuneMissile from Lebanon kills two Israeli civilians
Two civilians were killed in northern Israel on Sunday after an anti-tank missile fired from Lebanon hit their home in a town near the border, raising new... Key Points
The Tribune India'Conflict diamond' tag on Russian stones causes more bad blood
Like Russia, for many in the business, the trade of conflict stones by definition bankrolls terror groups and non-state actors while the Russia-Ukraine conflict is a war between two nations. The tussle brewing for the past one year is now coming to a head. Key Points
Economic TimesIsrael-Hamas conflict, FOMC outcome to challenge gold traders' resilience this week
The US dollar saw a boost from a combination of lackluster corporate earnings, safe-haven demand, and signs of the US economy's resilience. Notably, the US economy posted robust annualized growth of 4.9% in Q3 2023, despite higher interest rates. Core PCE prices and personal spending further reinforced the notion of sustained economic strength. Key Points
Economic Times