India in recent months has barred domestic manufacturers of military drones from using components made in China over concerns about security vulnerabilities, according to four defence and industry officials and documents reviewed by Reuters.
- WorldAfter attacking Ukraine wheat exports, Russia faces own shipping challenge
Russia's lack of ships and Western grain traders' shrinking appetite for business with Moscow are adding to rising costs of moving Russian wheat, at a time when the war in Ukraine has spilled perilously close to vital Black Sea supply routes.
- Markets
Moody's downgrades US banks, warns of possible cuts to others
Report comes against backdrop of tightening monetary conditions.
- WorldChina repeats call for Philippines to remove grounded warship
China's foreign ministry repeated its call for the Philippines to tow away a grounded warship from a disputed shoal, after Manila told Beijing it would not abandon the area.
