India and the U.S. will hold trade talks, raising hopes for a breakthrough weeks after President Donald Trump imposed punitive tariffs on the South Asian nation for buying Russian oil.
Read More India and US to hold trade talks, raising hopes for reset
The Trump administration has signaled that it plans to impose additional pressure on Moscow to reach the negotiating table through economic means, as peace talks between Russia and Ukraine have yet to advance.
Read More Trump admin. signals support for additional sanctions against Russia as peace talks stall
President Donald Trump signed an executive order on Wednesday imposing an additional 25% tariff on Indian goods, citing India’s continuous purchasing of Russian oil. This raises the total tariffs on Indian imports to 50%.
Read More Trump imposes additional 25% tariff on India for purchasing more Russian oil, bringing total levies to 50%
Discussions came four days after a London-bound Air India plane crashed in the Indian city of Ahmedabad seconds after take-off.
Read More Top Boeing exec Pope visits Air India HQ to discuss plane crash, sources say
The crash of an Air India 787-8 Dreamliner jet minutes after taking off on Thursday poses a major setback for Boeing.
Read More Boeing shares drop as Air India crash revives safety concerns
An American Airlines flight from New York was diverted to Rome, Italy following a “possible security issue.”
Read More American Airlines Flight Diverted Following ‘Possible Security Threat’