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The Latest Breaking News from Daleep Singh

The Bond Market Is Flashing a Warning — And a Former Biden National Security Adviser Says Americans Could Get Hit Twice

Daleep Singh, former Biden National Security Adviser and current chief economist at PGIM, warns the bond market is flashing a serious danger signal as oil prices above $100 drive inflation fears and push the 10-year Treasury yield toward 5%. He warns the end game could be financial repression.

International Business Times

OpenAI isn't too big to fail. It's bigger.

OpenAI's central place in the AI economy is enough to make people nervous.

Axios

G7 To Make $50 Bn Ukraine Loan Available By Year-end: Yellen

G7 nations are committed to making $50 billion in lending available to Ukraine by year-end, US Treasury Secretary Janet Yellen said Wednesday as she met her Ukrainian counterpart in Washington.

International Business Times

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G7 agrees to use interest on Russian assets for Ukraine loan; Biden eyes an arms component - Roll Call

The G7 agreed to use interest from frozen Russian assets for a $50 billion loan for Ukraine. President Biden is eyeing an arms component.

Roll Call

G7 allies are moving ahead with a $50 billion loan for Ukraine backed by frozen Russian funds

The White House says Group of Seven allies are moving forward with providing Ukraine with $50 billion in loans for Ukraine backed by frozen Russian assets

The Independent UK

US Moves To Curb 'Trade Loophole' Over China Worries

The US government said Friday it will work to curb the "overuse and abuse" of a mechanism allowing lower-value imports to enter the country duty-free, as concerns grow over Chinese shipments.

International Business Times

US, Canada and Finland look to build more icebreakers to counter Russia in the Arctic

The United States, Canada and Finland will work together to build up their icebreaker fleets as they look to bolster their defenses in the Arctic, where Russia is increasingly active

The Independent UK

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G7 leaders head to Italy for summit as Ukraine and Russia top the agenda

US wants show of strength with planned sanctions for helping Russia, but group will also discuss migration, Middle East and AI

The Guardian - UK

Ukraine war briefing: Macron, Scholz agree Kyiv should use allies’ weapons against launchers in Russia

Nato secretary general says alliance members should allow deep strikes, which White House says it doesn’t ‘encourage or enable’. What we know on day 826

The Guardian - AU

Biden official says more sanctions are needed to counter Russia war economy

Daleep Singh said that sanctioning third parties that trade with Russia is needed, in addition to seizing assets for Ukraine

The Guardian - UK

US turns to new ways to punish Russian oligarchs for the war

The U.S. has begun an aggressive new push to inflict pain on Russia’s economy and especially its oligarchs with the intent of thwarting the Kremlin’s invasion of Ukraine

The Independent UK

Will it take market crash for Congress to raise debt limit?

What might it take to get President Joe Biden and Congress to reach a deal on raising the debt limit

The Independent UK

Beijing’s move, India’s turn

If this moment provides for a reset of India’s ties with China, it will alter New Delhi’s relationship with the U.S.

The Hindu

Modi, Biden to hold virtual meeting ahead of U.S.-India 2+2 dialogue

U.S. statement says Mr. Biden to raise Russia war in Ukraine; New Delhi doesn’t refer to conflict.

The Hindu

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The Hindu

U.S. Deputy NSA’s message to Delhi was not a warning, clarifies White House

He had constructive conversation, says official

The Hindu

Jaishankar, Rajnath Singh to visit U.S. for 2+2 dialogue

Disagreement over New Delhi’s position on Russia continues

The Times of India

India to face significant cost if aligned with Russia, US says

WASHINGTON: President Joe Biden's top economic adviser said the administration has warned India against aligning itself with Russia, and that US officials have been "disappointed" with some of New Delhi's reaction to the Ukraine invasion.

Dynamite News

US Secretary of State and Foreign Minister Jaishankar review bilateral ties and situation in Ukraine on phone

US Secretary of State Antony Blinken has discussed with External Affairs Minister S Jaishankar on phone about the regional and global priorities and the latest developments in Ukraine, a State Department spokesperson has said.

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Financial Times

Weaponisation of finance: how the west unleashed ‘shock and awe’ on Russia

The sanctions on Russia’s central bank use the omnipresence of the US dollar to penalise an American adversary

The Hindu

Foreign Minister S. Jaishankar speaks to U.S. Secretary of State Antony Blinken

India, U.S. leaders discuss Ukraine and bilateral ties ahead of 2+2 ministerial meet

The Hindu

‘India shouldn’t increase Russian energy and commodity purchases’: Jen Psaki reiterates Daleep Singh’s message

‘We don’t believe it’s in India’s interest to accelerate or increase imports of Russian energy and other commodities,’ says White House Press Secretary Jen Psaki.

The Times of India

Daleep Singh discussed goals, mechanisms of US sanctions imposed on Russia during India visit: White House

WASHINGTON: Top Indian-American US advisor Daleep Singh discussed goals and mechanisms of US sanctions imposed on Russia during his recent trip to New Delhi, the White House has said.

The Hindu

Letters to the Editor — April 2, 2022

America’s ‘warning’

Asharq Al-Awsat

Russia Praises India’s Neutral Stand on Ukraine Fighting

Russia's foreign minister lauded India for not judging in a "one-sided way" as he discussed Moscow's military involvement in Ukraine with his Indian counterpart on Friday, after Washington urged New Delhi to use its leverage with Russia to end the war. Indian External Affairs Minister Subrahmanyam Jaishankar and Russian Foreign…

Reuters

Russia's Lavrov hopes to bypass sanctions in trade with "friend" India

Russia will increase its use of non-Western currencies for trade with countries such as India, its foreign minister said on Friday, as he hailed New Delhi as a friend that was not taking a "one-sided view" on the Ukraine war.

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