Angola Eyes Becoming Worlds Third Largest Diamond Producer

Angola is tapping into its potential and aspiring to become the  worlds third largest diamond producer and cutter in the world, the CEO of its national diamond company Endiama said on Monday. “We have been working with major diamond companies around the world to add more value to the sector,” Jose Manuel Ganga Junior told…

The Fusion Energy Dream Is Inching Towards Reality

After decades of disappointingly slow but steady progress, the race for fusion energy dream is now fully on, with governments, scientific institutions and private enterprises pouring billions of dollars into this potentially world-altering technology. Fusion is the process that occurs in stars, such as our sun, when hydrogen atoms fuse together, producing helium — and…

Russia Plans $1 Billion Investment in Venezuela’s Gold, Diamond Projects

Russia could be looking to invest up to $1 billion in Venezuela’s mining projects with a focus on gold and diamonds, according to Russian media reports. Russian President Vladimir Putin and his Venezuelan counterpart Nicolas Maduro met in Moscow on Wednesday in what was Maduro’s fourth visit in the last two years. The sum of…

Iran Lines Up a New Cryptocurrency Backed by Gold

Control of the U.S. dollar and the global financial system that depends on it gives the American government an incredibly powerful tool in shaping international affairs. As such, it is not surprising that its geopolitical rivals around the world will try to exploit the invention of cryptocurrency to take the USD down a peg. The…

Tata Global Beverages to Sell Russian Business to Skodnya Grand

Tata Global Beverages (TGBL) today said it will sell its business in Russia for an undisclosed amount to a local firm as part of restructuring operations in the country. TGBL has entered into an agreement to transfer ownership and operational responsibility of its Russian business unit to Skodnya Grand, the company said in statement. The…

Russia’s Strategy: Built on Illusion

Strong powers can underplay their hands and afford to make mistakes. Weak powers, on the other hand, need to exaggerate their power and be far more precise in its use. Power is like money; the less you have, the more you need to flaunt it and the fewer mistakes you can afford to make. But…

We Will Not Sell Arms to Pakistan, says Russia

Ahead of Russian President Valdimir Putin’s visit next month, Moscow declared that it would not sell arms to Pakistan. “We are always cooperating with India to ensure safety of the region. We never created trouble for India in the region as compared to other countries. If someone says otherwise, spit in his face,” Russian Deputy…

India, Russia Agree to Ink Defence Deals

India and Russia on Wednesday agreed on a slew of proposed defence deals, some of which are likely to be inked during President Vladimir Putin’s visit to India in December. These include licensed production of 42 SU-30 MKI aircraft in India and procurement of 59 MI-17 V-5 helicopters. These deals were discussed during talks between…

Of War Games & Defence Diplomacy

Indian armed forces have chalked out a stunning round of combat exercises with foreign forces over the coming several months to use “defence diplomacy” as a tool to bolster national security as well as promote strategic cooperation. Defence ministry officials say the 1.13-million Army alone has planned 14 to 18 exercises with countries ranging from…

Russia to build 16 nuclear plants; inks $10 billion deals with India

Prime Minister Vladimir Putin closed more than $10 billion in agreements with India, increasing Russia’s role as a partner in defense, nuclear energy, aerospace and communications. “Putin has been the architect of the strategic partnership between India and Russia,” Indian Prime Minister Manmohan Singh said after meeting with his Russian counterpart in New Delhi today….

India signs nuclear, space treaty with Russia

Russia on Friday became the third country after the US and France to sign a civilian nuclear cooperation agreement with India since this country acquired the waiver from the Nuclear Suppliers Group (NSG). The agreement was signed in the presence of President Dmitry Medvedev and PM Manmohan Singh. In the initial stages, Russia will help…

Its a deal…a nuclear deal

For all that they claim, when it came to the crunch, the only man standing was Manmohan Singh and his convictions. When history will be written, Manmohan Singh will be credited with 2 of the most path breaking changes in the history of India. Liberalizing the economy in the 90s as Finance Minister with Prime…