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Real-time News
August 23 – According to the Financial Times, Indias oil purchases from Russia have reached a record high due to supply shortages caused by the Gulf conflict, making it even harder for New Delhi to shake off its dependence on Moscow. Sumit Ritolia, chief analyst at trade consultancy Kpler, said that New Delhi imported more than 2.6 million barrels of Russian oil per day in June and July, up from a low of 1 million barrels per day in February, accounting for more than half of the countrys crude oil imports. With a peace agreement between Washington and Tehran still far off, the small outflow of oil from the Strait of Hormuz has forced India to turn back to Russia to meet its oil needs. To mitigate the impact of the Gulf crisis, Trump approved partial exemptions allowing India to purchase Russian oil. With Middle Eastern gas supplies disrupted by the war, India, like many other Asian countries, has also returned to coal-fired power generation. In the decade since March 2015, Indias annual coal production has surged by 70% to 1.04 billion tons.Alibaba (09988.HK) announced its plan to place new shares in Hong Kong, with a total placement amount of HK$80 billion.Sources say Israel is in secret contact with Türkiye to prevent conflict.On August 23, Canadian Prime Minister Mark Carney announced that, in response to the U.S. imposition of a 50% tariff on $20 billion worth of Canadian goods, Canadas retaliatory tariffs would officially take effect on September 8. The premiers of Ontario, British Columbia, and Quebec all voiced their support. Ontario Premier Doug Ford called for unity among Canadian provinces, forming a "Team Canada," and using all available means to retaliate against the U.S. British Columbia Premier David Ebbey stated that the current U.S. government is untrustworthy, and Canada must stand up and confront the bullies.August 23 - In July, hackers linked to Iran launched an unprecedented cyberattack, causing a British power plant to shut down for four days. According to the UKs Daily Telegraph, this incident occurred concurrently with a series of attacks on US water infrastructure last month, affecting 12 states and drawing the attention of the White House. It is understood that the affected power plant was relatively small. The UK has dozens of small power plants scattered throughout the country, many of which operate only intermittently. The government cited security concerns and did not disclose which plant was attacked. The UK has previously suffered major cyberattacks that have crippled the National Health Service, disrupted school IT services, and affected commercial manufacturing facilities, including Jaguar Land Rover.
