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India, Seven Others to Get US Waivers on Iran Oil Import

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PM Modi and Donald Trump

In fast moving developments before US imposes tougher sanctions against Iran on November 5, India has become one of the eight countries to get a waiver by the Donald Trump administration. Secretary of state Michael Pompeo has announced on Friday that eight governments that have taken “important moves” towards reducing Iranian oil imports to zero are going to receive temporary waivers.

According to Financial Times, India has agreed to cut imports and escrow payments from Iran. India told the US that it was willing to restrict monthly oil purchase from Iran from 22.6 million tonnes (452,000 barrels per day) to 1.25 million tonnes or 15 million tonnes in a year.

India, which imports crude oil to meet 80% of its energy demand, is heavily dependent on Iran. In FY18, Iran was the third largest supplier of crude oil to India, followed by Saudi Arabi and Iraq. While the country is getting a waiver, the government was also mulling trading in rupee with Iran had the sanctions continued.

Read More: US Agrees For Waiver to India Continue Importing Iran Oil

Meanwhile, Indian oil companies have placed additional crude oil order of four million barrels from Saudi Arabia to reduce impact of fall in Iranian oil supplies. Before the US sanctions come into force, Indian Oil Corp (IOC) and Mangalore Refinery and Petrochemicals Ltd (MRPL), placed order to purchase 1.25 million tonnes of oil from Iran in November.

The United States has said that it will temporarily allow eight importers to keep buying Iranian oil  beyond November 5.

On Twitter, in a message designed to emphasize his “maximum pressure” policy toward Iran, Trump included a photograph of himself modeled on a entertainment industry poster with the headline: “Sanctions are coming November 5.”

China, India, South Korea, Turkey, Italy, the United Arab Emirates and Japan have been top importers of Iran’s oil, while Taiwan occasionally buys cargoes of Iranian crude but is not a major buyer.

Read More: India Increases Iranian Oil Imports In June By 48 Percent

Mike Pompeo did not name the eight countries, which he referred to as “jurisdictions,” a term that might include importers such as Taiwan which the US does not regard as a country.

After withdrawing from multilateral Iran-Nuclear deal, also known as JCPOA, in May this year, US President Donald Trump is trying to cripple Iran’s oil-dependent economy and force Tehran to quash not only its nuclear ambitions and its ballistic missile program but its support for militant proxies in Syria, Yemen, Lebanon and other parts of the Middle East.

Reacting to US announcement, Iran’s Foreign Ministry spokesman Bahram Qassemi said that the US is seeking to wage an extensive “psychological war” by imposing a fresh round of sanctions. However, he stressed that the Iranhas no concerns over such US bids.

While talking to official broadcaster IRIB on Friday, Qassemi said,”There is no room for any concern. We should wait and see that the US will not be able to carry out any measure against the great and brave Iranian nation.”

The US will impose a second round of sanctions against Iran on Sunday after withdrawing from 2015 multilateral deal. The first round of the bans was re-imposed in August.

Qassemi said that earlier US carried out numerous measures and spent huge sums to exert pressure on international banks, companies, commercial enterprises and institutions dissuading from working with Iran. However, all such efforts failed to bear fruit, he added.

Meanwhile foreign and finance ministers of France, Germany, the United Kingdom, and European Union, in a joint statement, have condemned US fresh sanctions on against Iran, vowing to protect European firms  engaged in business with Tehran.

Their statement described the 2015 agreement as “crucial for the security of Europe, the region and the entire world”, adding that it is Europe’s “aim to protect European economic operators engaged in legitimate business with Iran.”India, Seven Others to Get US Waivers on Iran Oil Import

The statement also vowed to preserve and maintain “effective financial channels with Iran, and the continuation of Iran’s export of oil and gas.”

In a major boost to Iran’s position, Russian Energy Minister Alexander Novak has reportedly said that his country will help Iran counter fresh US sanctions, saying Moscow will continue trading Tehran’s crude in defiance of US diktats.

While talking to London based financial Times, he said, “We believe we should look for mechanisms that would allow us to continue developing cooperation with our partners, with Iran.”

The US has decided to impose a second round of sanctions against Iran on Sunday, months after it scrapped the 2015 multilateral deal, officially known as the Joint Comprehensive Plan of Action (JCPOA), signed between Iran and the P5+1 group of countries. The first round of the US sanctions, which had been lifted after the deal came into effect on January 2016, was re-imposed in August this year.

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ChatGPT outage affects thousands of users globally, OpenAI reacts

OpenAI swiftly acknowledged the outage, publishing updates on their dedicated status page. This transparency, while offering little in the way of immediate solutions, served to reassure users that the company was actively addressing the situation.

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On January 23, OpenAI’s popular AI chatbot, ChatGPT, suffered a significant global outage, leaving millions of users unable to access the service. The disruption affected multiple access points, including the web interface, the mobile application, and even integrations on social media platforms like X (formerly Twitter). This widespread failure quickly drew significant attention, with reports flooding in from users worldwide.

The outage tracking website, Downdetector, registered a surge in user reports, exceeding a thousand complaints within a short period. This volume underscored the scale of the disruption and the significant impact on ChatGPT’s user base.

The majority of these reports indicated a complete inability to use the chatbot, highlighting the severity of the problem. A smaller percentage of users reported encountering difficulties with the website or API, suggesting a less comprehensive but still noticeable impact.

OpenAI swiftly acknowledged the outage, publishing updates on their dedicated status page. This transparency, while offering little in the way of immediate solutions, served to reassure users that the company was actively addressing the situation.

The official statements consistently described the problem as “degraded performance” and “elevated error rates” within the API, hinting at underlying technical issues that required investigation. However, specific details regarding the root cause remained undisclosed, pending a more thorough examination.

According to reports, the outage commenced around 5 PM IST and persisted for several hours. The lack of a definitive timeline and the ongoing nature of the disruption underlined the complexity of the problem and the challenges faced by OpenAI’s engineering teams in resolving the issue.

As of the latest updates, the exact cause of the outage remains under investigation by OpenAI. The company is actively working to restore full functionality and provide a more comprehensive explanation once the underlying problem has been identified and rectified.

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Prince Harry, Rupert Murdoch’s UK group reach settlement in surveillance case

The relentless media attention, he has claimed, also contributed to the intense pressure that led him and his wife, Meghan Markle, to step back from royal duties and relocate to the United States in 2020.

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Prince Harry has reached a settlement with Rupert Murdoch’s News Group Newspapers (NGN), bringing an abrupt end to a high-profile lawsuit alleging widespread phone hacking and unlawful surveillance.

The settlement, announced just as the trial was about to commence, includes substantial financial compensation for the Duke of Sussex and a formal, unequivocal apology from NGN. This marks a significant victory for Harry, who had accused the media giant of years of intrusive and illegal activities targeting his private life.

The apology, issued directly to Harry’s legal team, explicitly acknowledged the serious breach of privacy inflicted by both The Sun and the defunct News of the World. It detailed unlawful actions perpetrated between 1996 and 2011, including phone hacking, surveillance, and the use of private investigators to obtain sensitive information.

The statement specifically addressed the intrusive activities carried out by private investigators employed by The Sun, emphasizing the severity of the intrusion into Harry’s private life during his formative years. The apology extended to the distress caused to his late mother, Princess Diana, highlighting the impact of the media’s actions on the young prince.

This settlement represents one of three lawsuits filed by Harry against British media outlets, all stemming from accusations of privacy violations. He has consistently blamed the media for the relentless pursuit of his mother, Princess Diana, ultimately leading to her tragic death in a car crash in Paris while being chased by paparazzi.

The relentless media attention, he has claimed, also contributed to the intense pressure that led him and his wife, Meghan Markle, to step back from royal duties and relocate to the United States in 2020.

The case underscores the wider issue of phone hacking and media intrusion, exemplified by the notorious scandal that forced the closure of News of the World in 2011. The hacking of murdered schoolgirl Milly Dowler’s phone, during the police investigation into her disappearance, remains a particularly egregious example of the unethical practices employed by some sections of the British press.

Harry’s legal battle has brought renewed focus to this issue and the need for greater accountability within the media industry. The settlement, while ending this particular legal chapter, leaves a lasting legacy concerning media responsibility and the rights of public figures to privacy.

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China reacts to Donald Trump’s 10% tariff remarks, says it would protect its national interest

While acknowledging a willingness to maintain open communication channels and collaborative efforts with the U.S., China firmly rejected the notion of a trade war, emphasizing that such conflicts ultimately yield no winners.

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China has issued a firm response to US President Donald Trump’s renewed threat to impose a 10% tariff on Chinese imports, beginning February 1. The statement, released by the Chinese foreign ministry, underscores Beijing’s unwavering commitment to safeguarding its national interests amidst escalating trade tensions with the United States.

While acknowledging a willingness to maintain open communication channels and collaborative efforts with the U.S., China firmly rejected the notion of a trade war, emphasizing that such conflicts ultimately yield no winners.

The statement directly addresses Trump’s justification for the proposed tariffs, citing the flow of fentanyl from China through Mexico and Canada into the United States. This latest escalation marks a significant development in the long-standing trade dispute between the two economic giants.

The proposed tariffs, scheduled for implementation on February 1st, echo a similar threat made by Trump earlier, targeting Canada and Mexico with 25% tariffs over concerns about illegal immigration and fentanyl trafficking.

This consistent pattern of utilizing tariffs as a tool to address broader geopolitical concerns highlights the complex and multifaceted nature of the relationship between the United States and its major trading partners.

China’s economy, heavily reliant on exports to sustain its economic growth, faces significant vulnerability to such protectionist measures. Despite ongoing efforts to diversify its economy and boost domestic consumption, exports remain a crucial pillar of China’s economic engine. The potential impact of a 10% tariff on Chinese goods entering the U.S. market could trigger substantial ripple effects throughout the global economy.

The current trade tensions represent a continuation of a protracted struggle dating back to the Trump administration’s first term, marked by the imposition of substantial tariffs on Chinese imports over alleged unfair trade practices.

These actions were further reinforced by the subsequent Biden administration, which implemented sweeping measures aimed at restricting Chinese access to critical high-tech components.

Trump’s recent pronouncements signal a potential further escalation of these long-standing trade disputes. China’s response clearly indicates its readiness to defend its economic interests and navigate the complex landscape of international trade relations.

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