President Biden warned in his farewell address to the nation last week that an oligarchy is taking shape in America. In Washington, the oligarchs are already here, buying big houses. Counting President-elect Donald J. Trump himself, there are at least a dozen billionaires among his cabinet picks and those headed for senior roles in the…
Elon Musk was sued on Tuesday by the US Securities and Exchange Commission, which accused the world’s richest person of waiting too long to disclose in 2022 he had amassed a large stake in Twitter, the social media company he later bought. In a complaint filed in Washington, DC federal court, the SEC said Musk…
Donald Trump, who has long loved big real estate deals, has made it clear that he’s serious about striking one for Greenland. Never mind that Denmark, which controls the island, says the territory isn’t for sale. But if a negotiation were to materialize, what would, or should, the United States offer? David Barker, a real…
NEW DELHI: External affairs minister S Jaishankar on Saturday firmly responded to criticism over India’s purchase of “cheap oil” from Russia and said that the wars can’t be “solved on the battlefield.”“I get oil, yes. It is not necessarily cheap. Do you have a better deal?” Jaishankar said at Doha Forum panel on ‘Conflict Resolution…
The RBI maintains that its gold reserves serve primarily to diversify its foreign currency assets portfolio. (AI image) The RBI’s strategic gold buying has bolstered India’s foreign exchange reserves, offsetting the significant outflow of foreign portfolio investments that resulted in a $47 billion reduction in reserves over a five-week period.Since December 2017, the RBI has…