India's Central Bank Tells Oil Refiners To Stop Buying Dollars On Spot Market

BRICS Summit Can't Muster Joint Statement On Iran War Amid Deepening Division Via The Cradle The two-day meeting of BRICS foreign ministers in New Delhi ended on Friday without a joint statement due to "differing views" on the US-Israeli war against Iran and the current situation in West Asia, the Indian government said in a statement.  Representatives expressed "their respective national positions and shared a range of perspectives," the Indian statement read. The statement added that one member state had "reservations" about issues related to Gaza, as well as security in the Red Sea and...

UAE Will Be Pounded If US Invades, Iranian Officials Warn Via Middle East Eye Tehran believes the United Arab Emirates is playing an active role in the US-Israeli war on Iran and any ground invasion could lead to widespread attacks on Emirati state assets, two senior Iranian sources told Middle East Eye. A month into the conflict, which has battered global markets, Donald Trump is weighing whether to use ground troops to seize strategic islands in the Strait of Hormuz in an attempt to stop Iran from disrupting energy supplies. Attention has particularly focused on Kharg Island, the...

Death Of Hollywood In Two Charts The nightmare story for Hollywood is playing out in real time for the world to see, as a century-old entertainment economy implodes and bears all the hallmarks of what happened to Detroit after the auto industry went bust. A new Wall Street Journal report describes the Hollywood job market as being in "collapse" mode, with employment in the industry down 30% from its late-2022 peak, while behind-the-scenes union workers logged 36% fewer hours last year than in 2022. One big reason is that studios are...