Top 10 news: Russia's excess gains on oil exports to India, Himachal cloudburst toll reaches 50, and more

Russia's crude oil sales to India are enabling it to earn far more money than what was previously believed, according to a report in Financial Times. The inflated shipping costs are enabling Russian companies earn much more money than recognised earlier. In other news, the death toll due to cloudburst in India's northern state of Himachal Pradesh climbed to 50on Monday (Aug 14) as rain-induced floods and landslidescontinued to wreak havoc.

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Russian crude oil exports to India gave Moscow at least a billion-dollar boost

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Even before Russian President Vladimir Putin announced war on Ukraine in February 2022, the European Union had already banned purchase and import of sea-borne Russian crude oil.

'World looks up to India for economic growth': President Droupadi Murmu

India's President Droupadi Murmu addressed citizens on the eve of the country's Independence Day celebrations. President Murmu hailed Mahatma Gandhi's role in India's freedom from British colonial rule and said that Gandhi-led freedom movement reawakenedIndia's soul.

India: Rains wreak havoc again, cloudburst kills 50 in Himachal Pradesh

The regional weather department in the state has issued heavy rainfall alerts for several districts, including Shimla, Kullu, and Mandi among others for Monday.The state disaster management authorities have urged the public to share information about any incident and for people to come together and extend help to those affected by the weather events.

Anwaar-ul Haq Kakar sworn in as caretaker PM of Pakistan: Who is he?

Anwaar-ul Haq Kakar, a former Senator from Balochistan, was sworn in as the eighth interim prime minister of Pakistan on Monday (August 14).Kakar was sworn in as the Pakistan caretaker PM in a ceremony that coincided with the country’s Independence Day at the Aiwan-i-Sadr in Islamabad.

India and UAE to settle crude oil transactions in national currencies

In a key development, India and the United Arab Emirates (UAE) have embarked on a groundbreaking move by opting to settle their crude oil transactions using their respective national currencies.

TV crew following Oprah stopped from entering shelter in Maui

A heartwarming visit by media icon Oprah Winfrey to comfort survivors of the devastating Maui wildfires took an unexpected turn on Sunday, as a camera crew accompanying her was turned away at the entrance of a shelter due to a no-media policy in place.

Afghanistan: At least 3 killed, 7 injured in blast at hotel

At least three people were killed and seven injured on Monday (August 14) after a blast ripped through a hotel in southeastern Afghanistan's Khost province. The region where the blast occurred is near the border with Pakistan, and it has been plagued by violence between Islamist militants and their enemies.

Israeli soldier collapses and dies during training exercise amid intense heatwave

In a tragic incident that occurred on Monday morning (August 14), a soldier collapsed and subsequently died during a training exercise in a forest near the central city of Elad in Israel.

India’s retail inflation in July soars to 15-month high of 7.44%

India’s retail inflation rose to a 15-month high in July on account of high prices of vegetables and other food items, official data showed on Monday (Aug 14).Inflation in the consumer food price index rose to 11.51 per cent in July while inflation in the food and beverages basket jumped to 10.57 per cent.

PSG agree deal with Saudi Pro League side Al Hilal for transfer of Brazil forward Neymar

Saudi Pro League (SPL) side Al-Hilal have agreed to a $110 million fee with Paris Saint-Germain as the Brazilian edges towards an exit from the French capital. Neymar, not included in PSG’s squad for the season opener against Lorient, is expected to complete the move in the next few hours.