India is set to advance a trade and defense technology deal with Israel, Prime Minister Narendra Modi said as he wrapped up a two-day visit to the Jewish state on Thursday, the latest sign that the relationship is blossoming. But the two countries weren’t always close friends – they only established full diplomatic relations in 1992 – but Modi has long been an ally of Israeli Prime Minister Benjamin Netanyahu, and became the first Indian PM to visit Israel back in 2017. Today, India is Israel’s largest arms buyer, accounting for 34% of the country’s weapon exports. Modi’s second-ever trip to Israel this week also marks another step toward reshaping alliances in the Middle East and beyond, as India’s rival Pakistan boosts defense links with Saudi Arabia, while the UAE shifts away from Riyadh and toward Israel and India.
With just three months left in office, Colombian President Gustavo Petro is hitting some of his highest approval ratings, nearing 50% in a new poll. That’s a staggering 11 point jump since December, when the left-winger was on the ropes over a stagnating economy, a worsening security crisis, and tensions with the US over Gaza, Venezuela, and the “war on drugs.” But Petro’s deft combination of firm pushback against Donald Trump and pragmatic engagement with the US president – the two met at the White House earlier this month – yielded political dividends, not only for him, but for his preferred successor, far-left Senator Iván Cepeda, who leads the polls ahead of the May election. That race is shaping up to be a stark choice between Cepeda and right-wing lawyerAbelardo de La Espriella.
On the GZERO World Podcast, Ian Bremmer sits down with Harvard economist and former IMF Deputy Managing Director Gita Gopinath to unpack how the conflict is rippling through the global economy. As oil and gas prices surge, inflation is climbing, adding new costs for households and businesses and putting pressure on growth worldwide.
Think you know what's going on around the world? Here's your chance to prove it.
The revenue generated by Russia’s main oil tax in April amid the Iran war, per Reuters calculations. The amount is double last month’s revenue, and up by 10% from this time last year.
The Iran war has pushed Brent crude prices to $100 per barrel, up from around $70 before the conflict began.
For sixteen years, Prime Minister Viktor Orban has won every fight: four consecutive parliamentary supermajorities for his party, Fidesz; a constitution rewritten to his specifications; courts, media, and oligarchs brought to heel.