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Russian President Vladimir Putin’s pledge to maintain “uninterrupted shipments” of fuel to India crystallized the central dilemma at the heart of his state visit to New Delhi: energy security versus geopolitical cost. At a summit dominated by energy, defence and trade, President Putin and Prime Minister Narendra Modi sought to translate decades-old ties into concrete guarantees even as the United States applies heavy pressure — including 50% tariffs imposed by President Donald Trump — to penalize New Delhi for continued…

Fed pivots toward steady cuts to shield jobs, betting inflation will cool The Federal Reserve on Wednesday delivered a quarter-point interest-rate cut and signaled more to come this year, a shift that underscores a growing concern among U.S. policymakers: the danger of a weakening labor market now looks larger than the risk of rekindled inflation. The move, supported by most of President Donald Trump's appointees on the Fed’s policymaking committee, reflects a central bank juggling two aims — price stability and full…