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Fri, 01 May 2026 11:10:00 +0000 Bombshell Sexual-Harassment Suit Against JPM's Lorna Hajdini Called "Complete Fabrication"
Bombshell Sexual-Harassment Suit Against JPM's Lorna Hajdini Called "Complete Fabrication"
The British tabloid newspaper Daily Mail first broke the story earlier this week about a former JPMorgan staffer who claimed that an executiv
Read more.....
Bombshell Sexual-Harassment Suit Against JPM's Lorna Hajdini Called "Complete Fabrication"
The British tabloid newspaper Daily Mail first broke the story earlier this week about a former JPMorgan staffer who claimed that an executive director on JPM's leveraged finance team turned him into a "sex slave" by drugging him with Rohypnol and Viagra, according to a bombshell lawsuit. However, it now appears that the sexual harassment suit was "fabricated," according to a new report.
The New York Post reported late Thursday that Chirayu Rana, now a principal at Bregal Sagemount, filed the suit under the pseudonym "John Doe," alleging that Lorna Hajdini drugged him, forced him to have sex, and threatened his bonus.
"Rana has been accused of making fabricated sexual-harassment claims against a high-ranking executive at the bank after an internal investigation found no evidence of wrongdoing ," the NYPost said, citing sources.
Hajdini's lawyers issued this statement to NYPost:
"Lorna categorically denies the allegations . She never engaged in any inappropriate conduct with this individual of any kind and has never even been to the location where the alleged sexual assault supposedly took place."
Rana apparently filed an internal complaint in May 2025 with JPM, alleging race- and gender-based harassment and abuse of power before his exit. During this time, he allegedly tried to negotiate a payoff that ran into the "millions," sources said. He also accused JPM of retaliation and of failing to investigate properly.
A JPM spokesperson told the outlet that its HR and legal teams reviewed phone records and emails, and interviewed employees, but found no merit to the claims. The bank said Rana refused to participate in the investigation or provide key facts.
"Following an investigation, we don't believe there's any merit to these claims ," the spokesperson said. "While numerous employees cooperated with the investigation, the complainant refused to participate and declined to provide facts that would be central to supporting his allegations."
Notably, the outlet said, "Rana did not report to Hajdini. The two were simply colleagues on the leveraged finance team, which works on large corporate acquisitions, mergers, and buyouts."
JPM colleagues told the outlet that Hajdini is viewed internally as "a top performer," and that Rana "has tarnished her with a complete fabrication" after the suit , which was reported by the Daily Mail and subsequently by Indian media outlets. Most Western media outlets stayed away from the story, but X meme accounts had a field day.
Hajdini's Bloomberg profile saw a surge in activity on Thursday.
"That sucks, she got dragged through the news cycle because of this loser . On the plus side, she sort of looks like a legend now, especially now that they claim its fabricated, now she has this power lore around her of being a boss bitch," X user Autism Capital opined .
Tyler Durden
Fri, 05/01/2026 - 07:10 Close
Fri, 01 May 2026 10:49:50 +0000 Exxon & Chevron Shares Jump After Big Q1 Earnings Beat
Exxon & Chevron Shares Jump After Big Q1 Earnings Beat
The impact of the war in Iran is on full display this morning in the earnings of two oil giants - Chevron and Exxon Mobil - as both smashed earnings expectations (despite produc
Read more.....
Exxon & Chevron Shares Jump After Big Q1 Earnings Beat
The impact of the war in Iran is on full display this morning in the earnings of two oil giants - Chevron and Exxon Mobil - as both smashed earnings expectations (despite production pressures).
Ahead of the results, Exxon and Chevron had both flagged major reductions in 1Q earnings due to “timing effects,” or paper losses on derivatives tied to cargoes that had not yet reached their destinations before the end of the quarter.
These accounting charges are expected to fully unwind and turn a profit over the coming quarters but will contribute to messy numbers this morning.
Exxon will take a hit of about $3.7 billion while Chevron’s will be about $3.2 billion, the companies guided earlier this month.
Chevron exceeded profit expectations as higher oil and natural gas prices , as well as supplies from the acquisition of Hess Corp., outweighed production outages from the Iran war. As Bloomberg's Kevin Crowley highlighted: Adjusted first-quarter net income of $1.41 a share was 51 cents higher than the average estimate from analysts in a Bloomberg survey.
Surging prices for crude and gas, combined with growth from Chevron’s new stake in a giant Guyanese field, helped cushion the blow from a 5% sequential drop in overall output.
Chevron already had warned that significant accounting losses on derivatives tied to cargoes that had yet to reach their destinations. Notoriously difficult to model, that guidance prompted some analysts to slash estimates, a factor that may have played into the magnitude of Friday’s beat.
Chevron’s outsized earnings owed much to swelling prices for real-world oil from places such as Kazakhstan, as well as fat margins from processing the company’s own crude through refineries, Chief Financial Officer Eimear Bonner said in an interview.
“Bottom line, execution exceeded expectations,” she said.
Exxon Mobil outperformed expectations after oil-production increases from Guyana and the Permian Basin helped offset supply losses due to the Middle East war. Bloomberg's Kevin Crowley highlighted: Adjusted first-quarter net income of $1.16 a share was 20 cents higher than the average analyst estimate in a Bloomberg survey.
Although profit dropped to a five-year low of $4.9 billion, that figure included the impact of temporary accounting charges tied to derivative contracts that the company expects to fully unwind over the coming months.
Even so, Exxon may revise guidance that forecast full-year daily output equivalent to 4.9 million barrels as the Iran war chokes Middle East energy flows and prevents the Texas oil giant from selling crude and liquefied natural gas from the region.
“Part of the challenge with giving guidance is, as you would imagine, we really don’t know how long the Strait of Hormuz will remain closed,” Chief Financial Officer Neil Hansen said in an interview.
Higher energy prices added $1.7 billion to earnings during the quarter, outweighing a $400 million blow from war-related production outages, according to company figures. Roughly 15% of Exxon’s worldwide output remains offline, Hansen said.
Exxon Mobil shares are up almost 2% in the pre-market...
And Chevron shares are also up around 2%...
Today's results follow big beats by European supermajors...
BP, the first supermajor to report first-quarter results, posted a big beat Tuesday. Earnings more than doubled from a year earlier to $3.2 billion, boosted by its trading and refining businesses.
French supermajor TotalEnergies raised share buybacks and dividends when reporting results Wednesday, on the back of soaring oil and gas prices as well as strong trading performance.
Italian major Eni also boosted share buybacks this quarter thanks to stronger cash-flow expectations.
Tyler Durden
Fri, 05/01/2026 - 06:49 Close
Fri, 01 May 2026 10:30:00 +0000 EU Parliament Pushes Funding Cuts To Orbán-Founded Patriots Group As Witch-Hunt Continues
EU Parliament Pushes Funding Cuts To Orbán-Founded Patriots Group As Witch-Hunt Continues
EU Parliament Pushes Funding Cuts To Orbán-Founded Patriots Group As Witch-Hunt Continues
Via Remix News,
The European Parliament will vote today on suspending EU funding for the right-wing Patriots for Europe faction, founded by outgoing Hungarian Prime Minister Viktor Orbán.
At stake is the alleged mismanagement of €4.3 million of EU funds by Philip Claeys, the former secretary general of the far-right Identity and Democracy (ID) group, who now holds the same post for the Patriots for Europe grouping.
One vocal critic of the lack of action by Brussels in the case, according to Euractiv , has been Nick Aiossa, director of Transparency International.
To remind readers, Soros-backed Transparency International has long attacked Hungary for various alleged violations. Last February, it notoriously ranked the CEE country at the same level as Burkina Faso and South Africa in its 2024 corruption index.
“Considering the seriousness and scale of the irregularities identified, and given that the expenditures in question were authorised and validated under the authority of Mr Claeys, the initiation of a complementary investigation by OLAF appears both necessary and proportionate,” Transparency International stated.
The funds are implicated in various accusations of misuse, including “fictitious service contracts, improper procurement procedures and donations to non-parliamentary groups with ties to far-right figureheads, such as France’s Marine Le Pen,” notes Euractiv.
Le Pen was a major target of Brussels as well, with her rising popularity seen as a threat ahead of critical presidential elections in France next year. Her party, National Rally, also joined the Patriots for Europe group. She was, however, banned from running for office in France after being convicted for misappropriating over €4 million in European Parliament funds, a charge she continues to deny and blames on a witch hunt against anti-migration, conservative voices.
Le Pen has appealed the ruling.
Transparency International’s Aiossa has called for Claeys to be stripped of his power as well. Claeys has denied any wrongdoing, telling Le Monde , “All payments made in the last five years have been duly invoiced, justified and controlled.”
This vote today is critical, as it will allow Brussels to continue going after Orbán by cutting funds for the group his Fidesz party belongs to and which still holds close to 12 percent of the seats in the 2024–2029 European Parliament. It is well known that the outgoing Hungarian leader, highly unpopular among Brussels elites for his sovereignty-focused, nationalist movement, is planning to renew and rebuild his brand inside his country, in Europe, and beyond.
Curbing any resurgence of Orbán will be a high priority for the EU leadership. On the other hand, they are also wrangling with getting funding as soon as possible to Hungary’s new leader, and their darling, Péter Magyar. However, this time, unlike when the right-wing conservatives were ousted from Poland, Brussels is playing hardball, insisting that certain hurdles be overcome before money is released.
Numerous mechanisms were used over the years to go after Orbán’s successive governments, with billions in EU funds ultimately frozen, specifically, €10 billion in post-Covid recovery funds and some €7 billion in cohesion funds.
Hungary has, in fact, already met 17 out of 27 conditions demanded by Brussels, for the former, but now, Magyar has only until August to deliver on judicial independence, anti-corruption safeguards and other reforms, notes Euractiv .
Read more here...
Tyler Durden
Fri, 05/01/2026 - 06:30 Close
Fri, 01 May 2026 09:45:00 +0000 British Police Raid Islamic Group Accused Of Sex Trafficking And Slavery
British Police Raid Islamic Group Accused Of Sex Trafficking And Slavery
At least nine members of a Cheshire Islamic group have been arrested in a raid of 500 British police officers as part of an investigation into sexual offenses,
Read more.....
British Police Raid Islamic Group Accused Of Sex Trafficking And Slavery
At least nine members of a Cheshire Islamic group have been arrested in a raid of 500 British police officers as part of an investigation into sexual offenses, slavery and forced marriage.
Officers received reports of human trafficking, rape, and other crimes involving members of a group known as the Ahmadi Religion of Peace and Light, based in Crewe. Seven men and three women were taken into custody, according to a statement from the Cheshire Police, who said the investigation was initiated because of allegations made by a woman who was previously part of the group in 2023.
Chief Superintendent Gareth Wrigley, of Cheshire Constabulary, said:
"Today’s operation is the outcome of a detailed and robust investigation into reports of serious sexual offenses, forced marriage and modern slavery involving members of a religious group called Ahmadi Religion of Peace and Light in Crewe.
While those arrested are members of the group, I want to make clear that this is not an investigation into the religion, this is an investigation into the serious allegations which have been reported to us..."
The AROPL's is a religious movement founded in 2015 by Abdullah Hashem Aba Al-Sadiq (Egyptian-American raised Sunni Muslim). It draws heavily from Shia Islamic traditions. The group self-identifies with Islamic roots, uses Islamic terminology (referring to their leader as the Qaim/Mahdi appointed in relation to Prophet Muhammad), and maintains many Islamic practices.
VIDEO
British authorities in the UK have been quick to disconnect the sect from the wider Islamic migrant community. The reasons for this are obvious - The British government is under considerable pressure to stop hiding migrant crime and Islamic crime, but their political agendas are deeply intertwined with third-world immigration. Islamic groups consistently deny that the actions of grooming gangs have any connection to Muslim culture.
Islamic fundamentalism justifies the abuse and exploitation of "non-believers", using the "Doctrine of Abrogation" and a series of passages from the Quran specifically allowing for the humiliation or enslavement of foreigners and non-believers as a means to force them into religious submission. The Islamic slave trade operated throughout Africa and the Middle East until it was disrupted by the British Empire from 1833 to 1937.
The surprising level of transparency of the latest raid may be part of a British government effort to clean up their image after it was revealed in 2025 that pro-multicultural authorities had spent the past decade covering up numerous reports of Islamic "grooming gangs" kidnapping and assaulting young British girls. The government had been aware of this criminal activity as early as 2015 and did nothing.
It should be noted that many British activists have been threatened by law enforcement, attacked by the establishment media and even jailed over the years simply for exposing this ongoing problem common among third world migrants. The grooming gangs were ignored because their activities were inconvenient to the liberal open borders narrative dominating social politics in Europe since 2014.
Today, however, polling shows that both the left wing Labour Party and the Conservatives Party (which is also left wing) are facing political obliteration in the next general election (held in 2029) due to their mishandling of the immigration problem as well as the UK economy. Unless they offer substantial changes to their policies, they stand to be swept out of Parliament.
The multiculturalists may very well be removed from government regardless.
Tyler Durden
Fri, 05/01/2026 - 05:45 Close
Fri, 01 May 2026 09:00:00 +0000 Canada's Culture Minister: Regulating Online Content A Duty Of Federal Government
Canada's Culture Minister: Regulating Online Content A Duty Of Federal Government
Canada's Culture Minister: Regulating Online Content A Duty Of Federal Government
Authored by Olivia Gomm via The Epoch Times (emphasis ours),
Culture Minister Marc Miller says the federal government has the role of regulating content on the internet and that Canada is years behind other countries when it comes to regulating “online harms.”
Minister of Canadian Identity and Culture Marc Miller rises during Question Period in the House of Commons on Parliament Hill in Ottawa, on Feb. 25, 2026. The Canadian Press/Spencer Colby
Miller told reporters on Parliament Hill April 29 that when it comes to the regulation of online content and social media, that role is “assumed by the federal government , whether we’re talking about moratoriums or the proper regulation of egregious online harms.”
“That’s stuff that we’re, frankly, a couple years behind in regulating, as we see other jurisdictions like Australia, like Britain, like France taking action,” Miller said, as was first covered by Blacklock’s Reporter. “We need to take action as well.”
Asked to comment on when the government plans on tabling a new online harms bill, Miller said “we’re working on it” and declined to share a timeline.
Miller told reporters earlier this month that a new online harms legislation is in the works and the government is “seriously” thinking about adding a social media ban for children to the bill, but did not provide a status or timeline for the introduction of the legislation then either.
The upcoming legislation will be the government’s third attempt to legislate on “online harms,” following previous proposals in 2021 and 2024, neither of which passed before Parliament was dissolved. Conservatives and civil liberties advocates had criticized both bills as posing a risk to freedom of expression.
In March, the federal government reconvened the same group of experts first formed in 2022 that made recommendations to the government on how to address online content deemed to be harmful, which led to Bill C-63.
The department of industry said in a recent report to the Senate social affairs committee that Ottawa is examining a “future online safety regime” meant to reduce content deemed as being harmful, such as hateful content and cyberbullying on large platforms.
“To advise on this proposal, the government has recently reconvened the Expert Advisory Group on Online Safety whose members previously contributed to the development of online harms legislation, to engage on new and emerging issues related to online harms,” the department said.
“Any future legislative proposal would be subject to parliamentary scrutiny, and details will be made public at the appropriate time.”
In 2021, Bill C-36 proposed a regulatory framework for harmful online content, but faced criticism from the opposition over its scope, including concerns about definitions of harmful speech and the extent of proposed oversight powers.
In 2024, Bill C-63 placed a stronger focus on protecting children and addressing specific categories of harmful content, and proposed the creation of new regulatory bodies such as a digital safety commissioner and ombudsperson. It also included amendments to the Criminal Code and human rights law, with stricter penalties for certain hate-related offences.
After pushback on the 2024 bill, the government said it was open to splitting the bill in two to facilitate the passage of measures protecting children, but the bill lapsed after Parliament was prorogued in January of last year.
Justice Minister Sean Fraser said last November that new legislation regulating online content would be different from the government’s previous proposals. Meanwhile, former Heritage Minister Steven Guilbeault said a few months earlier that upcoming online harms legislation would be similar to the versions tabled in 2024 and 2021.
The Liberals’ election platform last spring promised to “introduce legislation to protect children from horrific crimes including online sexploitation and extortion and give law enforcement and prosecutors the tools to stop these crimes and bring perpetrators to justice.”
The Liberals also pledged to “make it a criminal offence to distribute non-consensual sexual deepfakes” and to “increase penalties for the distribution of intimate images without consent.”
Jennifer Cowan, Noé Charter, and Paul Rowan Brian contributed to this report.
Tyler Durden
Fri, 05/01/2026 - 05:00 Close
Fri, 01 May 2026 08:15:00 +0000 "We Shouldn't Have To Live Like This": UK Terror Level Raised To 'Severe' After Stabbing Attacks
"We Shouldn't Have To Live Like This": UK Terror Level Raised To 'Severe' After Stabbing Attacks
Britain's terrorism threat level was raised from “substantial” to “severe” on Thursday afternoon after a 45-year-old British national,
Read more.....
"We Shouldn't Have To Live Like This": UK Terror Level Raised To 'Severe' After Stabbing Attacks
Britain's terrorism threat level was raised from “substantial” to “severe” on Thursday afternoon after a 45-year-old British national, reportedly born in Somalia, stabbed two Jewish men in North London. The elevation in the terrorism threat level suggests another terror attack is highly likely within the next six months, as Britain's experiment with mass migration is backfiring.
The suspect is 45-year-old Essa Suleiman from south-east London, the BBC understands. He came to the UK from Somalia in the early 1990s - BBC News
Shabana Mahmood, the Home Secretary, described Wednesday's attack as terrorism. "Today, the national threat level has increased to 'severe,' which means a terrorist attack is considered highly likely."
"I know this will be a source of concern to many, particularly amongst our Jewish community, who have suffered so much," Mahmood said.
The Joint Terrorism Analysis Center's decision to raise the national terror threat level comes in the wake of a Somalia-born man stabbing two Jewish men and follows a series of attacks in Jewish neighborhoods in recent weeks.
For context, "severe" is the second-highest of five threat levels, below "critical," which means another attack is likely in the coming months, if not sooner. The last time the level was raised to "severe" was in November 2021.
Mahmood added: "The government has today announced a significant increase in investment to protect our Jewish communities, with record funding for policing and security at synagogues, schools and community centers. And we will do everything in our power to rid society of the evil of antisemitism. The stabbing in north London follows a spate of attacks in Jewish neighborhoods in recent weeks.
Alex Armstrong of GB News recently described the devastating impact that decades of the mass-migration experiment have had on the UK.
Also...
Suicidal empathy has very real consequences; in other words, the death of Europe.
Tyler Durden
Fri, 05/01/2026 - 04:15 Close
Fri, 01 May 2026 07:30:00 +0000 China Reopens Fuel Export Spigot, Offering Relief To Asian Buyers
China Reopens Fuel Export Spigot, Offering Relief To Asian Buyers
Beijing is reversing its curbs on refined fuel exports after Read more.....
China Reopens Fuel Export Spigot, Offering Relief To Asian Buyers
Beijing is reversing its curbs on refined fuel exports after halting shipments in the opening days of the U.S.-Iran conflict. This move suggests that Chinese domestic inventories are now at comfortable levels, allowing state refiners to reopen the export spigot, even as much of Asia remains gripped by a fuel shock caused by disrupted Gulf energy flows through the Hormuz chokepoint.
There was chatter earlier this week that China's state-owned refiners were applying for government permits to resume fuel exports in May. These include China Petrochemical (Sinopec Group) and China National Petroleum Corporation.
By late in the week, Bloomberg reported that state-owned refiners had received government approval to export 500,000 tons of fuel next month.
People familiar with the upcoming shipments said the one-off quota would allow gasoline, diesel, and jet fuel to be sent to neighboring Asian countries, providing relief amid a worsening fuel crunch.
They said these shipments will be loaded onto tankers and are likely destined for Vietnam, Laos, and other nearby nations.
China's U-turn on export curbs comes weeks after the International Monetary Fund, World Bank, and International Energy Agency urged countries to avoid panic hoarding of energy supplies, as JPMorgan analysts warned that Asia would face the most immediate impact from the Gulf energy shock.
Tyler Durden
Fri, 05/01/2026 - 03:30 Close
Fri, 01 May 2026 06:45:00 +0000 Trump Threatens To Pull Some US Troops Out Of Germany While Lambasting 'Ineffective' Merz
Trump Threatens To Pull Some US Troops Out Of Germany While Lambasting 'Ineffective' Merz
German Chancellor Friedrich Merz has been a bit on the defensive since his earlier in the week swipe at President Trump over
Read more.....
Trump Threatens To Pull Some US Troops Out Of Germany While Lambasting 'Ineffective' Merz
German Chancellor Friedrich Merz has been a bit on the defensive since his earlier in the week swipe at President Trump over launching the war against Iran. The German leader had told students in a talk that the US is being "humiliated" by Iranian leaders . He had also asserted, "If I had known that it would continue like this for five or six weeks and get progressively worse, I would have told ?him even more emphatically."
As we covered earlier Thursday, Merz has tried to soften the spat, after Trump responded on Truth Social earlier, "From my perspective, my personal relationship with the ?US President remains good," he told reporters. "I simply had doubts from the ?start about what was begun with the war in Iran. That is ?why I have made that clear."
But that hasn't quieted Trump, who again hit back again in a fresh Thursday morning Truth Social post, which emphasized that the German Chancellor should focus more on problems like the Russia-Ukraine war, where "he has been totally ineffective" - Trump said.
The US President once again reiterated that Germany is "broken" - and that this especially true on immigration and energy. He also reiterated that his Operation Epic Fury is making "the World, including German, a safer place!"
However, Merz earlier sought to place some of Germany's economic woes precisely on the war raging in the Middle East, and ongoing Strait of Hormuz closure. His initial April 29 remarks had included the following: "In Germany and Europe we are ?suffering from the consequences, such as the closure of the Strait of Hormuz ,” he had said.
Wednesday night saw Trump issue a new, important threat, which he has been teasing as a possibility for day:
"The United States is studying and reviewing the possible reduction of Troops in Germany, with a determination to be made over the next short period of time," Trump wrote on Truth Social.
Responsible Statecraft's Trita Parsi is also a deep Iran war critic, but says that EU leaders are full of hypocrisy on the Iran issue, and that it needs to be called out. Parsi writes :
Merz isn't wrong in saying he's "disillusioned" with the US & Israel over Iran because they "claimed at the beginning that they could solve this problem within days. Now I must recognize: It is not solved." But he is in no position to complain. He applauded the war and as a result, owns the outcome . This is typical of some EU leaders who support and help facilitate the US's worst instincts, and then pretend they are innocent when the foreign policy adventure predictably goes wrong.
The comments underscore several European leaders’ reassessment of their relations with Trump. A tendency to smooth ties by currying favor has given way to a more sober perspective of a U.S. president who has repeatedly called into question NATO , bolstered European far-right forces and threatened to seize Greenland, a territory of Denmark.
Meanwhile Merz holds a presser in military fatigues, hilariously enough...
Regardless, the fresh critique by a leading EU head of state is certainly going to add fuel to the fire of Trump's ratcheting anti-EU and anti-NATO rhetoric, given their absence in helping the US get the Strait of Hormuz back open and the return to normal functioning of global energy transit once again.
Tyler Durden
Fri, 05/01/2026 - 02:45 Close
Fri, 01 May 2026 06:00:00 +0000 Top Russian & Indian Think Tanks Devised A Plan For Rebalancing Economic Relations
Top Russian & Indian Think Tanks Devised A Plan For Rebalancing Economic Relations
Top Russian & Indian Think Tanks Devised A Plan For Rebalancing Economic Relations
Authored by Andrew Korbybko via Substack ,
Sanctions, bureaucracy, and logistics are the primary obstacles to “diversifying economic ties and correcting the existing imbalance”, but these can be surmounted through SMEs playing a greater role, more localization and procedure simplifications, and optimizing their trade corridors.
The Russian International Affairs Council (RIAC) and Gateway House, which are among their country’s top think tanks, published a joint report in late March about moving “Toward More Balanced Russia–India Economic Relations ” for the second Russia-India International Conference . It’s over 40 pages long so this piece will highlight the top takeaways and then briefly analyze them. The report began by acknowledging the challenges posed by US sanctions for reaching their goal of $100 billion in bilateral trade by 2030.
The solution that was presented, especially for the oil and financial industries, is having Indian SMEs play a much greater role due to their much less exposure (if any at all) to the US’ secondary sanctions. China’s “tea pot” model of small refineries is mentioned as an example for India’s oil industry to follow . The authors also proposed bilateral cooperation in building similar such facilities in Afghanistan, Bangladesh, Kenya, Myanmar, and Sri Lanka, for example. India would thus help Russia meet their smaller demand.
Their suggestion for expanding critical minerals cooperation is for their state-owned companies to form joint R&D initiatives to strengthen their technological self-sufficiency. As for doing the same in the broad health-related field (biotech, pharmaceuticals, etc.), it’s recommended that Indian manufacturers localize production, IP rights, etc., in Russia to better overcome bureaucratic hurdles. Russian research capabilities could also pair with Indian manufacturing capacity to expand market share in third countries.
The bureaucratic hurdles mentioned above also impede cooperation on food and textile industries, but simplifying procedures could help , especially through the creation of unified digital platforms. More industrial cooperation is possible, especially in the automotive, aviation, and railway industries, but localization is likely the prerequisite. Improving logistics across the North-South Transport Corridor and the Vladivostok-Chennai Maritime Corridor can reduce costs and thus raise incentives for scaling trade.
More technological cooperation is difficult for the multiple reasons that were enumerated in the report, not least of which is global competition, so this might prove disappointing in the future. Each’s SMEs might have better chances, but overall, this might not expand associated cooperation all that much. What’s much more promising is labor cooperation, which is already a work in progress that readers can learn more about here , basically amounting to Russia replacing Central Asian labor with Indian.
To review, sanctions, bureaucracy, and logistics are the primary obstacles to “diversifying economic ties and correcting the existing imbalance”, but these can be surmounted through SMEs playing a greater role, more localization and procedure simplifications, and optimizing their trade corridors. Although the prospects for more technological cooperation are dim, efforts nevertheless shouldn’t be abandoned due to the strategic importance of this industry, especially its AI component.
The authors conclude that Russia and India’s $100 billion trade goal by 2030 is realistic , but this requires urgently implementing the aforementioned proposals to increase 2025’s estimated $60 billion in trade by another $40 billion in the next four years, which will be very difficult to achieve and then maintain. The Third Gulf War has caused radical changes to the global energy market, Eurasian logistics, and the financial industry, however, so it’s premature to predict the odds of success till the dust finally settles.
Tyler Durden
Fri, 05/01/2026 - 02:00 Close
Fri, 01 May 2026 03:30:00 +0000 Congress Passes 45-Day Extension Of FISA Section 702, Sending It To Trump's Desk
Congress Passes 45-Day Extension Of FISA Section 702, Sending It To Trump's Desk
Congress Passes 45-Day Extension Of FISA Section 702, Sending It To Trump's Desk
Authored by Joseph Lord via The Epoch Times (emphasis ours),
President Donald Trump on Thursday signed a bill to extend a spying authority of Section 702 of the Foreign Intelligence Surveillance Act (FISA) for 45 days as congressional debate on the controversial measure continues.
The U.S. Capitol building on April 29, 2026. Madalina Kilroy/The Epoch Times
Both chambers of Congress raced to pass the short-term measure earlier Thursday after the Senate declined to take up a House-passed bill to extend the deadline until 2029.
The House passed the “clean” extension, without reforms, which punts the deadline from April 30 to June 12, in a 261–111 vote. It was passed under a suspension of the rules, meaning it relied on Democratic support to pass. However, opposition to the measure was also bipartisan, with 26 Republicans joining 85 Democrats in casting a “No” vote.
The measure’s passage and signature into law came just hours before the critical—but contentious—power was due to expire.
The 45-day extension was proposed and passed by the Senate earlier on Thursday after it became clear that a three-year extension passed by the House the night before couldn’t pass the Senate before the midnight deadline.
Section 702 allows U.S. intelligence agencies to collect emails, phone calls, texts, and other communications of foreign nationals located outside the United States for national security purposes, such as tracking terrorism, espionage, or weapons proliferation, without obtaining an individualized warrant.
However, the data of Americans who communicate with these foreign targets can be incidentally gathered and is available to U.S. intelligence without a warrant—a “backdoor search” loophole that has come under criticism by privacy advocates.
Trump, despite his current support for a clean reauthorization of the power, has acknowledged his experience with the law in the past.
In a post on Truth Social, he described it as “the worst and most illegal abuse of FISA in [U.S.] History,” referencing disclosures that revealed that the FBI had used Section 702 of FISA to spy on Trump’s 2016 presidential campaign as part of the Crossfire Hurricane operation.
Nevertheless, Trump has praised the intelligence utility of the authority when used appropriately.
However, some lawmakers in both chambers are disinclined to agree: Bipartisan concerns about Section 702’s effects on American civil liberties, particularly Fourth Amendment protections, are as old as the legislation itself.
Despite Trump’s calls for a clean reauthorization—calls that have won the support of House Judiciary Committee Chairman Jim Jordan (R-Ohio)—many of those congressional skeptics are among Trump’s closest allies, including lawmakers like Reps. Anna Paulina Luna (R-Fla.) and Ralph Norman (R-S.C.).
On Wednesday, the lower chamber also authorized a bill that would extend Section 702 of FISA for three years, but that measure included provisions that have been opposed by Senate Democrats.
Namely, the three-year extension bill would prohibit the Federal Reserve from issuing digital currency, an asset class known as central bank digital currency.
Senate Majority Leader John Thune (R-S.D.) has long warned that such a measure would struggle in the upper chamber, and urged the House against attaching it to the reauthorization measure.
Jackson Richman contributed to this report.
Tyler Durden
Thu, 04/30/2026 - 23:30 Close