Around the Globe

Around the Globe

Israeli forces kill 28 in Gaza protests as anger mounts over US Embassy

Israeli forces killed at least 28 Palestinians along the Gaza border on Monday, health officials said, as demonstrators streamed to the frontier on the day the United States prepared to open its embassy in Jerusalem.

It was the highest Palestinian single-day death toll since a series of protests dubbed the “Great March of Return” began at the border with Israel on March 30 and since a 2014 Gaza war.

The health officials said 900 Palestinians were wounded, about 450 of them by live bullets.

'Trust me on Brexit', UK PM May says as ministers squabble


British Prime Minister Theresa May said she could be trusted to deliver Brexit, but that it could not be done without compromises on all sides—a possible warning to cabinet ministers who are deeply split over future customs arrangements.

Trump move to benefit Riyadh most

Saudi Arabia seems to be the biggest beneficiary after US President Trump decided to walk away from Iranian nuclear deal and to re-impose sanctions on Iran. The quick embrace of Trump's announcement reflects a sense of vindication by Saudi Arabia and UAE, which have pushed President Trump to take seriously Tehran's ballistic missile programme and support for militant groups.

Iran targets Israeli bases across Syrian frontier

Iranian forces in Syria launched a rocket attack on Israeli army bases in the Golan Heights early on Thursday, Israel said, prompting one of the heaviest Israeli barrages against Syria since the conflict there began in 2011.

The attack on the Israeli-occupied Golan Heights, just past midnight, marked the first time Iranian forces have hit Israel from Syria, where they have deployed along with Iran-backed Shi’ite militias and Russian troops to support President Bashar al-Assad in the country’s civil war.

Offshoring budgets of US companies down to 5%

Tech offshoring budgets of buyer enterprises in the US have reduced from 20 per cent in 2014 to 12 per cent in 2016 and 5 per cent in 2018, says a recent study by Seattle-based HfS Research.

This would mean the annual growth of Indian information technology (IT) sector will be in the 4 per cent range in the next four years, predicts HfS, a global analyst firm that tracks change agent technologies and services.

Europeans scramble to salvage Iran deal after Trump reneges

Dismayed European allies sought to salvage the international nuclear pact with Iran on Wednesday after President Donald Trump pulled the United States out of the landmark accord, while officials in Tehran poured scorn on the US leader.

“The deal is not dead. There’s an American withdrawal from the deal but the deal is still there,” French Foreign Minister Jean-Yves Le Drian said.

French President Emmanuel Macron would speak later in the day to his Iranian counterpart Hassan Rouhani, Le Drian said. Iran also signalled its willingness to talk.

Iran says could remain in nuclear deal if its interests guaranteed: TV

President Hassan Rouhani hinted on Monday that Iran could remain in its 2015 nuclear deal with world powers even if the United States dropped out but Tehran would fiercely resist U.S. pressure to limit its influence in the Middle East.

U.S. President Donald Trump, a long-time critic of the deal reached between Iran and six powers in 2015 before he took office, has threatened to pull out by not extending sanctions waivers when they expire on May 12, unless European signatories of the accord fix what he calls its “flaws”.

Progressive states join hands against Centre’s bias

Opposing the terms of reference of the 15th Finance Commissi­on, Andhra Pradesh ch­ief mi­nister N Chandr­ab­abu Na­idu on Monday said prog­r­essive states would lose he­avily if the 2011 census was taken as the basis for devolution of central funds.

He also demanded that the Centre respect the cooperative federal system. “It is not right to penalise states that are in the forefront in population control. We will not tolerate this injustice. We will fight till justice is secured,” he asserted.

Gold jewellery demand to fall 2-4% this year

Higher gold prices and lesser availability of finance for jewellers will see jewellery demand growth weakening in 2018. Regulatory risks too will continue to dampen the demand.

In calendar year (CY) 2017, gold jewellery demand grew by 12 per cent in volume terms and 9 per cent in value. According to rating agency Icra, jewellery demand is expected to grow slower by 2-4 per cent this year. However, it has estimated growth in value terms during the year will be around at 5-7 per cent due to higher gold prices.

India all set to gain from global talent deficit

India is projected to have a skilled labour surplus of 245 million workers by 2030, mainly on the back of “vast supply of working age citizens”, even as most of developed and developing economies are expected to grapple with talent crunch at that time, says a study.

Organisational consulting firm Korn Ferry on Monday said there is likely to be a “talent deficit of 85.2 million workers” by 2030 across the 20 major developed and developing economies that were covered in the study.