Adani's bid to end bribery case stalls amid tense US-India ties.
Representatives of billionaire Gautam Adani had been making progress with American officials, but talks have faltered in recent months due to the US and India's clashes on issues like trade, Russian oil, and India's conflict with Pakistan.
Adani Ports bars vessels facing sanctions from US, UK and EU amid Russia tensions. The Indian port operator has taken steps to prevent vessels sanctioned by the US, UK and EU from docking at its facilities. This move comes as tensions between Russia and Western countries escalate, with several nations imposing sanctions on Russian individuals and entities. Adani Ports has reportedly barred vessels that have been sanctioned by these countries from using its facilities, in an effort to comply with international regulations.
Australian High Commissioner to India Philip Green acknowledged recent racial incidents and assured the safety of Indian migrants. He stated that Australian authorities will effectively deal with such incidents, which are inevitable in any country due to its multicultural nature. Green emphasized that Australia is a safe place for anyone, with over 1 million people of Indian origin living there. He also noted that the Australian government has been clear in its stance against religious or ethnic discrimination, with senior ministers responding to recent demonstrations. Green met Union Commerce Minister Piyush Goyal to discuss deepening trade ties between Australia and India, with a highly complementary relationship that supports rather than competes.
China has intensified its engagement with Southeast Asia in response to the Trump administration's policies, leveraging the region as a strategic production hub for exports. Chinese electric vehicle manufacturers such as BYD, Aion, Great Wall Motors, and Neta have set up factories in Thailand, Malaysia, and Indonesia to meet growing demand and navigate trade barriers. This move comes as the US and Europe tighten access to their markets, with ASEAN countries seeing a nearly 11% surge in Chinese exports between January and October 2025, reaching $473 billion.
South Korea's Foreign Minister, Cho Hyun, has urged the US Congress to support a new visa for Korean businesses as hundreds of South Korean workers arrested during an immigration raid at a Hyundai battery factory in Georgia are heading home. The workers, who were detained by US Immigration and Customs Enforcement for a week, have been released and flown back to South Korea. The raid has threatened to destabilize ties between the two countries, which are seeking to finalize a trade deal, and may also scare off South Korean investment in the US. As a result, Hyundai's battery plant is facing a minimum startup delay of two to three months, according to CEO Jose Munoz.
The eighth China International Import Expo (CIIE) is set to be held in Shanghai from November 5-10, 2025. The event aims to provide Pakistan with an opportunity to showcase its products and reduce the trade gap, while strengthening economic cooperation with China. Key Pakistani institutions, including the Trade Development Authority of Pakistan and the Federation of Pakistan Chambers of Commerce & Industry, have lent their support to the event. Chinese Embassy Minister-Counselor Yang Guangyuan emphasized the expo's role in strengthening bilateral trade, while Deputy Director-General of the CIIE Bureau Li Guoqing highlighted the expo's success in helping Pakistani enterprises explore the Chinese market. The event is expected to inject new momentum into Pakistan-China economic relations and open fresh opportunities for Pakistani enterprises to tap into China's import market.
Congresswoman Ross says India-US relationship can be repaired, following a recent meeting with Indian Ambassador to the US, Taranjeet Singh. The two discussed ways to strengthen bilateral ties, including trade and defense cooperation. Ross emphasized the importance of maintaining a strong relationship with India, citing its growing economic influence in the region. The meeting comes amid concerns about the US-India relationship, following a recent report by the Indian Embassy in India rejecting reports of the Taliban appointing a new Charge d'Affaires in Delhi.
Uk Foreign Minister Cooper visited Kyiv, announcing a 247 million pound aid boost for Ukraine. The package includes 100 million pounds in humanitarian assistance and 42 million pounds to repair critical energy systems targeted by Russian strikes. This aid is part of a previously pledged programme launched in June, and comes amid heightened tensions following Russian drone incursions into Nato airspace in Poland.
European Commission President Ursula von der Leyen announced plans to sanction Israel's "extremist ministers" and partially suspend trade elements of the EU-Israel Association Agreement, a pact covering economic cooperation between the two entities.