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Germany, Qatar extend support for Turkey amid US pressure

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Germany, Qatar extend support for Turkey amid US pressure

Qatar pledges $15bn in investment in Turkey

German Chancellor Angela Merkel and Qatari Emir Sheikh Tamim bin Hamad Al Thani have expressed their support for Turkish President Recep Tayyip Erdogan after escalation of tensions between Ankara and Washington.

Turkey’s official Anadolu news agency reports that in a Wednesday phone conversation with Erdogan, the German chancellor expressed her country’s commitment to strengthening its cooperation with Turkey through reciprocal visits at the highest levels.

Read More: Erdogan arrives in Qatar to discuss bilateral and regional issues

The two leaders discussed Erdogan’s forthcoming visit to Berlin scheduled for late September, and a meeting between Turkey’s Treasury and Finance Minister Berat Albayrak and Germany’s Economy Minister Peter Altmaier, due to be held in shortly.

According to US based Bloomberg network, “Germany wants Turkey to avoid a financial meltdown and can’t allow the country to descend into chaos, according to a person familiar with Merkel’s thinking who asked not to be identified discussing government deliberations. In an overture that signals normalizing relations after a series of diplomatic clashes, Germany plans to host Erdogan for a state visit on Sept. 28”.

Read More: Saudi Arabia and UAE were about to attack Qatar

Bloomberg report further says that Germany is Turkey’s biggest economic partner by far, accounting for some 37 billion euros ($42 billion) in bilateral trade last year.

About 6,500 partly or wholly-owned German companies operate in Turkey while it ranks 16th among Germany’s export markets, ahead of Japan and many smaller EU countries.

According to the sources who spoke on condition of anonymity, Merkel also underlined her country’s concern for a strong Turkish economy, repeating her Monday comments that Turkey’s economic prosperity “serves Germany’s interests”.

Read More: Iranian-Qatari leadership discuss Yemen, regional conflicts

Her remarks come as US President Donald Trump’s punitive measures against Turkey have pushed its lira into freefall and sent shudders through its financial markets.

Germany, Qatar extend support for Turkey amid US pressure

Meanwhile, the emir of Qatar Sheikh Tamim bin Hamad Al Thani also arrived in Turkey on Wednesday on a “working” visit aimed at strengthening mutual cooperation. The emir discussed bilateral relations and ways to expand the existing strategic ties between the two sides in various fields.

Read More: Qatar’s emir: Saudi Arabia want “regime change”

According to Aljazeera and some German news networks, Qatar’s emir pledged $15 billion in direct investments in “Turkey’s financial markets and banks”, Turkish officials said.

Read More: Qatar removes products from Saudi-led quartet from market

On August 10, US President Donald Trump announced that his administration was doubling steel and aluminum tariffs on Turkey. This was considered to be the US’ reaction to Turkey´s two-year-long detention of an American pastor over terrorism charges.

In retaliation, Turkish President Recep Tayyip Erdogan raised tariffs on some American commodities, and called on Turkish people to boycott US-made electronic goods, including Apple’s iPhones.

Germany, Qatar extend support for Turkey amid US pressure

In a related development, Russian foreign minister Sergei Lavrov, while addressing a news conference with his Turkish counterpart in Ankara, on Wednesday, said that Russia has been exploring for some time using national currencies to settle bilateral trade deals with Turkey and other countries.

He said, “Identical processes have been happening in our relations with Iran. Not only with turkey and Iran, we’re also arranging and already implementing payments in national currencies with People’s Republic of China.”

On Saturday, Turkish President Recep Tayyip Erdogan had announced that his country was preparing to conduct trade through national currencies with China, Russia and Ukrain.

Iran and Trukey came forward to help Qatar after Saudi Arabia, Bahrain, UAE and Egypt severed their ties with Qatar in June 2017. Closure of Turkish military base in Qatar was one of the demands put forwarded by the Saudi-led quartet.

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Byju’s founder Byju Raveendran sentenced to six months in jail by Singapore court over asset orders

In a major setback, a Singapore court has sentenced Byju’s founder Byju Raveendran to six months in prison for contempt after he failed to comply with multiple court orders regarding his assets.

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In a massive legal blow to the founder of the failed Indian educational technology firm Think & Learn Pvt (better known as Byju’s), a Singapore court has sentenced Byju Raveendran to six months in jail for contempt of court.

The court ordered the jail term after concluding that Raveendran had deliberately disobeyed multiple judicial directives regarding his personal assets, dating as far back as April 2024.

Disobedience of asset orders leads to prison sentence

According to people familiar with the matter, the Singapore court has instructed Raveendran to immediately surrender himself to the officials. Alongside the six-month prison sentence, the Byju’s founder has been ordered to pay legal costs amounting to S$90,000 (approximately $70,500). Furthermore, he has been mandated to provide documents verifying his official legal ownership of Beeaar Investco Pte, a corporate entity that holds equity shares in a related firm.

At the time of reporting, it remains unclear whether Raveendran is currently residing in Singapore or located elsewhere, and he did not immediately respond to requests for comment.

Escalating global legal battles

This sentencing marks the latest and perhaps most severe setback for the entrepreneur, who once achieved billionaire status amid a massive wave of global capital flowing into Indian start-ups. Today, Raveendran is being rigorously pursued by foreign investors across international jurisdictions. This includes intensifying legal battles in the United States, where global lenders are actively trying to recover heavy financial losses stemming from a defaulted $1.2 billion loan.

Media reports indicate that the ongoing Singapore court proceedings represent a broadening web of legal and financial crises following the operational collapse of the once-celebrated edtech giant.

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US hits Iranian missile sites and mine-laying boats near Strait of Hormuz amid peace talks

US Central Command executed targeted strikes against Iranian missile launch sites and mine-laying vessels near Bandar Abbas, testing a fragile ceasefire even as high-stakes diplomatic talks continue in the region.

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In a major development testing a fragile regional ceasefire, the United States military carried out targeted strikes in southern Iran on Monday. The operation hit missile launch sites and vessels allegedly attempting to lay mines near the crucial Strait of Hormuz, according to statements from the US Central Command (CENTCOM).

The military action took place near Bandar Abbas, a prominent southern port city hosting a primary Iranian naval base. Media reporting indicated that explosions were heard across multiple coastal locations, including Sirik and Jask.

Focus on ‘Self-Defense’ Amid Active Ceasefire

A spokesperson for CENTCOM, Capt. Tim Hawkins, confirmed that the engagement was defensive in nature. “US forces conducted self-defense strikes in southern Iran today to protect our troops from threats posed by Iranian forces,” Hawkins stated. He noted that the operational targets included active missile launch sites alongside Iranian boats attempting to emplace naval mines. Despite the escalation, CENTCOM emphasized that it continues to exercise restraint under the parameters of the ongoing ceasefire brokered in early April.

According to media reports, the tactical response was triggered when two Islamic Revolution Guard Corps (IRGC) boats were detected laying mines in the strategic shipping lane. Additionally, a surface-to-air missile site reportedly targeted American warplanes, prompting US forces to neutralize both the vessels and the missile installations. Media channels citing local updates indicated that four individuals were killed in the strikes, though the complete casualty figures remain unverified.

Diplomatic Dialogue Continues in Parallel

The strikes coincide with a critical phase of diplomatic negotiations aimed at extending the current truce. Top Iranian negotiators traveled to Qatar early this week to discuss a potential 60-day extension of the ceasefire, alongside provisions to keep the Strait of Hormuz fully operational for global trade.

US officials maintain that the military action does not signal an end to the active truce. A senior administration source clarified that the specific operations are “over for now”. US Secretary of State Marco Rubio, speaking from India, affirmed that diplomatic channels remain open and active. Rubio stated that intensive language discussions regarding the initial documents are ongoing, reiterating that the opening of the strategic strait remains a core objective.

Meanwhile, political leaders in Washington have separately reiterated demands for the secured disposal or international transfer of enriched uranium stockpiles as part of any comprehensive long-term agreement.

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US announces new America First visa schedule to boost business ties with India

During his official state visit to New Delhi, US Secretary of State Marco Rubio announced a new America First visa schedule designed to prioritise business professionals and boost bilateral trade efficiency.

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In a significant development aimed at strengthening bilateral cooperation, the United States has introduced a new “America First” visa schedule. The policy update was announced by US Secretary of State Marco Rubio during his official four-day visit to India. The new schedule is specifically designed to prioritise business professionals who play a key role in fortifying trade and strategic connections between the two nations.

Speaking about the initiative in the national capital, the top US diplomat clarified that the updated framework will not only assist visa applicants but will also significantly enhance operational productivity for the diplomatic mission. “We’re introducing a new America First visa schedule that prioritises business professionals that strengthen these ties,” Rubio stated. He added that the arrangement will enable the system to process applications with greater accuracy, speed, and efficiency.

Focus on Indo-Pacific and regional security

The announcement coincided with high-level discussions between the visiting diplomat and Prime Minister Narendra Modi. The meeting, which lasted for over an hour, covered critical areas of bilateral interest, including trade, energy security, strategic technologies, defence cooperation, and the ongoing West Asia crisis. During the interaction, Rubio extended an official invitation from US President Donald Trump for PM Modi to visit the White House in the near future.

The US Secretary of State described the partnership between New Delhi and Washington as a foundational cornerstone of America’s overarching strategy for the Indo-Pacific region. Highlighting India’s central role, Rubio noted that his very first official engagement upon taking office was a meeting of the Quadrilateral Security Dialogue (Quad), emphasizing that hosting the upcoming foreign ministers’ meeting in India acts as a tangible sign of the deep commitment to this framework.

Clarification on immigration rules

Addressing separate concerns regarding recent shifts in American immigration policies, the top diplomat provided a crucial clarification regarding the new guidelines for permanent residency. Media reports had previously highlighted anxieties surrounding a newly instituted rule that requires many legal immigrants to exit the US and apply for green cards from their home countries.

Rubio explicitly stated to the media that these measures are universal regulatory updates rather than policy shifts targeted at any specific nation. He reassured that the rule is applicable globally to all international applicants and is not directed exclusively at Indian citizens.

The visit marks Rubio’s first official trip to India since assuming office. His comprehensive itinerary began in Kolkata and includes a scheduled bilateral dialogue with External Affairs Minister S Jaishankar, alongside participation in the Quad Foreign Ministers’ meeting alongside international counterparts.

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