Obama: Air strikes on Iraq dam ‘to protect US interests’
US air strikes in support of Iraqi forces’ efforts to retake the country’s largest dam are aimed at protecting US interests there, President Obama says. The failure of Mosul dam may put US staff and facilities, including the US embassy in Baghdad, at risk, Barack Obama warned Congress... read more »
For Chinese, Pope Seems Worlds Away in South Korea
BEIJING — Pu Ge sat on a green bench outside Beijing’s oldest Catholic cathedral and stared at the ornate gray edifice, contemplating God and his shepherd. She said she had thought that Pope Francis would stop in China during his current trip to Asia. “I thought he would visit a church here... read more »
BEST’s power monopoly ends, Tata enters Mumbai
MUMBAI: BEST’s power monopoly finally came to an end on Friday. Tata Power Company (TPC) has now been granted a distribution licence in Mumbai for the next 25 years, and it will now set foot in the island city—giving residential consumers a chance to switch to cheaper power. This could... read more »
Forex reserves fall $643 mn
The country’s foreign exchange reserves fell by $643.3 million for the week ended August 8 to $319.35 billion, shows Reserve Bank of India data released on Friday. Foreign currency assets fell by $646.7 million to $292.05 billion.Gold reserves remained unchanged during the week at $21.17... read more »
