Business

London, May 25 (PTI) In another setback to Vijay Mallya, the UK High Court has directed the embattled liquor tycoon to pay British beverage giant Diageo over USD 135 million in relation to a collateral arrangement.

Diageo is seeking a total of USD 175 million from the 63-year-old businessman and was successful in one aspect of that claim as it was awarded a "summary judgment" by Justice Robin Knowles, who dismissed Mallya's reliance on an alleged oral promise from Diageo dating back to February 2016.

Washington, May 25 (PTI) US President Donald Trump and Prime Minister Narendra Modi have agreed to meet at the G-20 Summit in Japan next month as both the leaders pledged to further strengthen the US-India strategic partnership and build on the achievements of the last two years.

Trump telephoned Modi to congratulate him on the historic electoral victory in the Lok Sabha polls, the White House said Friday.

HO CHI MINH CITY, May 24 (Xinhua) -- Vietnamese relevant forces have detected nearly 5.3 tons of smuggled pangolin scales in southern Ba Ria Vung Tau province which were sent from Nigeria, local media reported on Friday.

The scales were found in 151 bags in two containers, which were registered as carrying cashew nuts and arrived at Cai Mep International Terminal on Wednesday, online newspaper Tai Nguyen & Moi Truong (Resources & Environment) reported.

BEIJING, May 24 (Xinhua) -- Millions of Americans in rural areas may be denied access to faster and lower-priced broadband connections because of Washington's restrictive moves against Huawei, a Chinese company which has offered equipment to U.S. rural telecom operators for years.

The U.S. government last week announced it would "prohibit transactions posing an unacceptable risk" to the country by declaring a national emergency over what it claimed are technological threats, and announced restrictions on the sale and transfer of U.S. technologies to Chinese company Huawei.

BEIJING, May 23 (Xinhua) -- China firmly opposes the United States using state power to suppress Chinese companies, according to the Ministry of Commerce (MOC) Thursday.

China will take necessary measures to safeguard the legitimate right and interests of Chinese enterprises, said Gao Feng, a spokesperson with the MOC.

The United States has used state power to suppress Chinese companies, which not only seriously damaged the normal business cooperation of enterprises in the two countries, but also posed a great threat to the global industrial and supply chains, Gao noted.

ULYANOVSK, May 24. /TASS/: Development of renewable energy in Russia’s Arctic regions is possible if local authorities are motivated to cut expenses on diesel fuel, the Russian Association of Wind Power Industry’s President Igor Bryzgunov said.

23 May 2019; AFP: Hindu nationalist Prime Minister Narendra Modi vowed an "inclusive" future for all Indians on Thursday after a landslide election victory that crushed the Gandhi dynasty's comeback hopes once again.

"Together we grow. Together we prosper. Together we will build a strong and inclusive India. India wins yet again!," Modi tweeted as delirious supporters of his Bharatiya Janata Party (BJP) celebrated nationwide.

23 May 2019; AFP: Indian Prime Minister Narendra Modi and his Pakistani rival Imran Khan sent messages highlighting the need for "peace" Thursday after Modi's hawkish party won a new term in power.

While the nuclear-armed rivals launched cross-border air strikes at each other barely three months ago, some analysts say the return of Modi's Bharatiya Janata Party (BJP) in a new landslide could help peace prospects.

LONDON (AP) — European Commission chief Jean-Claude Juncker says that he considers British Prime Minister Theresa May as “a woman of courage for whom he has great respect.” 

European Union spokeswoman Mina Andreeva said that Juncker watched May’s announcement that she will step down as Conservative Party leader on June 7 “with emotion” and added it was “without personal joy.”

She said Juncker will “equally respect and establish working relations” with May’s successor. Britain currently faces an Oct. 31 deadline to leave the EU.  

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11:10 a.m.

NEW DELHI (AP) — India’s Prime Minister Narendra Modi described his first term as “filling in potholes” — shorthand for addressing the country’s basic needs.

In a campaign speech in April, he pledged his Hindu nationalist Bharatiya Janata Party in the next five years would “try to address people’s aspirations and take the country to new heights.”

Modi claimed a decisive victory in India’s elections, the vote count showing his BJP winning a commanding majority in the lower house of Parliament allowing it to form a form a government on its own.