North Korea and Russia agreed to provide immediate military assistance if either faced armed aggression, under a pact their leaders signed during Russian President Vladimir Putin’s first visit in 24 years. The pledge is seen as the revival of a mutual defence agreement under a 1961 treaty adopted by the Cold War allies that was… Read More North Korea and Russia sign military pact to aid each other in event of attack
Tata Motors said on Wednesday it will increase prices of its commercial vehicles by up to 2%, effective July 1 to offset the impact of rising commodity prices. Tata Motors, India’s top automaker by revenue, had last hiked prices for its commercial vehicles by up to 2% in March. The company said in an exchange… Read More Tata Motors to increase prices of commercial vehicles
Ferrari’s first electric car will cost at least 500,000 euros (an equivalent of $535,000), a source familiar with the matter said, as the luxury automaker prepares to open a plant that will make the model – and could boost group production by up to a third. The Italian brand, famed for its roaring petrol engines,… Read More Ferrari’s first electric vehicle to cost over $500,000
The U.S. State Department has approved the possible sale to Taiwan of drones and missiles for an estimated $360 million, the Pentagon’s Defense Security Cooperation Agency said. The United States is bound by law to provide Chinese-claimed Taiwan with the means to defend itself despite the lack of formal diplomatic ties, to the constant anger… Read More U.S. approves $360 million drones, missiles sale to Taiwan
Cheering crowds and lavish ceremonies greeted Russian President Vladimir Putin in Pyongyang on Wednesday, where he met with North Korean leader Kim Jong Un for a rare summit aimed at forging a partnership to counter U.S. pressure and sanctions. An honour guard including mounted soldiers, and a large crowd of civilians gathered at the square… Read More Russian President Vladimir Putin receives lavish welcome in visit to North Korea
Thailand’s Senate passed the final reading of a marriage equality law on Tuesday, paving the way for it to become the first country in Southeast Asia to recognise same-sex couples. The bill, the culmination of more than two decades of effort by activists, was supported by an overwhelming majority of lawmakers in the upper house.… Read More Thailand lawmakers pass law to recognise same-sex marriage
South Korea’s military fired warning shots after North Korean soldiers crossed the Military Demarcation Line in the border area between the two Koreas on Tuesday, according to the country’s Joint Chiefs of Staff (JCS). Some 20 to 30 soldiers breached the line by 20 metres (65 feet) which runs through the middle of the demilitarised… Read More South Korean military fires warning shots after North Korean soldiers cross demarcation line
The European Commission notified car makers on Wednesday that it would apply additional duties of up to 38.1% on imported Chinese electric vehicles from next month, a move likely to draw possible retaliation from China. Less than a month after Washington quadrupled duties for Chinese EVs to 100%, Brussels said it would set tariffs of… Read More EU to impose new tariffs of up to 38% on Chinese electric vehicles
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