Skip to content
Search

Latest Stories

Modi's Berlin visit signals Asian pivot for Atlanticist Merkel

India is keen to attract more German companies to invest and improve bilateral relations, Indian prime minister Narendra Modi said ahead of a two-day visit to Europe's leading economic power that began on Monday (29).

Modi's arrival comes a day after German Chancellor Angela Merkel shocked many in Washington and London by saying Europe must take its fate into its own hands, implying that the United States under President Donald Trump and Britain after its Brexit vote were no longer reliable partners.


Chinese Premier Li Keqiang also visits Berlin this week, and the arrival of two leaders of rising Asian powers in the wake of Merkel's speech has prompted talk of an eastern pivot in previously firmly Atlanticist Germany.

"Both (the German and Indian) governments are firmly committed to strengthening economic relations," Modi said in an interview with Handelsblatt newspaper. "I am very optimistic about our future partnership."

Merkel's remarks, made to her Christian Democrat party's Bavarian allies in Munich, were all the more striking since Merkel, a fan of the United States as a teenager in Communist East Germany, has always been known as a convinced Atlanticist.

"The times when we could fully rely on others are somewhat in the past," she said in a Munich beer tent to lasting applause from her Christian Social Union allies, making palpable her disappointment at failing to secure Trump's backing for the Paris climate accord at the G7 summit.

"We Europeans must really take our fate into our own hands," she said. "Of course in friendship with the United States of America, of course in friendship with Great Britain."

In China and India, Merkel saw the possibility of a partnership in favour of action to slow climate change and to promote free trade, noted Handelsblatt, the newspaper of Germany's business elite.

"After the disappointing G7 summit, the German chancellor is turning her hopes for free trade and climate protection to India and China," the paper wrote on its front page on Monday.

But Merkel's own, carefully chosen words, arguing that times of dependency were "somewhat" in the past, indicate that the pro-American chancellor's view is one that could yet be revised.

"One thing is clear," wrote the conservative Bild newspaper, a strong backer of Merkel, in an opinion article. "In the future, America will continue to be our most important partner in economic, foreign and security policy."

More For You

Sainsburys-Getty

The company expects to generate £1bn in profit, with an underlying dip of around £36m, as competition intensifies across the supermarket sector. (Photo: Getty Images)

Sainsbury's warns of profit dip amid supermarket price war

SAINSBURY’s has forecast that profits from its retail operations may remain flat or decline over the coming year as it continues to reduce grocery prices.

The company expects to generate £1bn in profit, with an underlying dip of around £36m, as competition intensifies across the supermarket sector.

Keep ReadingShow less
Streeting pledges ‘future stability’
for pharmacy with £3.1bn funding
Wes Streeting delivered a video message
Wes Streeting delivered a video message

Streeting pledges ‘future stability’ for pharmacy with £3.1bn funding

HEALTH SECRETARY Wes Streeting said the new £3.1 billion funding package for community pharmacy was a “vital step forward” for the profession as it emerges from a decade of underinvestment and financial strain.

His remarks came at the annual Pharmacy Business Conference last week, attended by more than 240 delegates, including industry leaders who shared valuable insights on funding, independent prescribing, and the role of AI in community pharmacy.

Keep ReadingShow less
Gold

Gold had surged 3.6 per cent on Wednesday after US president Donald Trump ordered an investigation into possible tariffs on all critical mineral imports.

Getty Images/iStockphoto

Gold eases after record high as investors book profits

GOLD prices dropped over 1 per cent on Thursday as investors locked in gains following a sharp rise in the previous session.

The fall came ahead of a long weekend, although gold stayed above $3,300 (£2,481) an ounce, supported by a weaker dollar and ongoing US-China trade tensions.

Keep ReadingShow less
India’s diamond exports hit 20-year low amid weak US and China demand

India handles nine out of every 10 diamonds processed globally

India’s diamond exports hit 20-year low amid weak US and China demand

INDIA’S exports of cut and polished diamonds plummeted to their lowest level in nearly two decades in the 2024-2025 fiscal year, which ended in March, on sluggish demand from the United States and China, a leading trade body said on Monday (14).

India is the largest cutting and polishing hub, handling nine out of every 10 diamonds processed globally. But it is sensitive to economic uncertainty – particularly in the US, its biggest market.

Keep ReadingShow less
UK financial watchdog opens first offices in US and Asia

The international expansion forms part of the FCA's new strategy (Photo: Reuters)

UK financial watchdog opens first offices in US and Asia

BRITAIN's Financial Conduct Authority (FCA) has established its first-ever international presence with new offices in the US and Asia-Pacific region, the watchdog announced on Tuesday (15).

Former investment banker Tash Miah began working at the British Embassy in Washington DC in April. In her role, Miah will collaborate with the Department for Business and Trade to improve UK-US financial services policy and help American firms navigate British regulations.

Keep ReadingShow less