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    TRUMP ASIA TOUR

    US courting Reliance's refining muscle to keep oil flowing, not curb Russian crude, analyst says

    Marco Rubio's recent visit to Jamnagar emphasizes strengthening energy ties between the US and Reliance Industries. With a capacity of 1.4 million barrels per day, Jamnagar plays a crucial role in global diesel exports. The US seeks to stabilize energy flows while urging India to diversify away from Russian oil. Reliance is also positioned to process Venezuelan crude, enhancing Washington's interests in the region.

    North Korea says tested AI-assisted torpedo system

    North Korea has tested a newly developed precision-guided torpedo system that incorporates artificial intelligence for targeting. This announcement follows a series of missile tests and a recent increase of tensions along the border with South Korea. Analysts suggest that North Korea could be improving its weapons technology with assistance from external sources. The ongoing arms race has encouraged both North and South Korea to advance their military capabilities.

    US rejected Iran's Hormuz proposal over "billions in frozen assets" demand: Ambassador to UN Mike Waltz

    The United States has rejected Iran's proposal to reopen the Strait of Hormuz due to conditional demands. Iranian Foreign Minister Seyyed Abbas Araghchi stated that diplomacy remains an option amid tensions. US President Donald Trump expressed confidence in winning the conflict, suggesting military actions are possible before upcoming midterm elections.

    Xi Jinping says he expects to see Donald Trump again as he wraps Washington visit with a peek at the Constitution

    During a significant three-day state visit, President Donald Trump warmly welcomed Chinese President Xi Jinping to Washington. Together, they explored the National Archives, admiring historical treasures such as the Declaration of Independence. Their discussions spanned critical international matters, focusing on trade and security. Xi proposed future meetings at upcoming summits in China and Florida. The visit coincided delightfully with China's Mid-Autumn Festival, culminating in a lavish state dinner.

    Trump lays out the pomp for Xi but says little about the significant tensions in US-China relations

    Presidents Donald Trump and Xi Jinping met for important discussions regarding trade relations and artificial intelligence advancements. Both leaders emphasized maintaining healthy competition to avoid conflict, especially concerning Taiwan. Discussions also touched upon the ongoing war in Iran and China's role in the peace process. The two sides agreed to extend a trade truce while processing trade disagreements.

    Xi’s first India trip since 2019 offers olive branch to PM Modi

    During the BRICS summit this weekend, Chinese President Xi Jinping will arrive in India, aiming to strengthen Sino-Indian ties. A meeting with Prime Minister Narendra Modi is anticipated, especially following the recent de-escalation of border tensions—an effort deemed pragmatic by analysts. While core grievances like territorial disputes and relations with Pakistan persist, the visit is designed to enhance mutual trust and explore engagement strategies.

    The Economic Times
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