Biden, Modi Hail New Era for US-India Ties and Tout Deals 

US President Joe Biden looks on as India's Prime Minister Narendra Modi speaks during an official State Dinner in honor of India's Prime Minister Narendra Modi, at the White House in Washington, DC, on June 22, 2023. (AFP)
US President Joe Biden looks on as India's Prime Minister Narendra Modi speaks during an official State Dinner in honor of India's Prime Minister Narendra Modi, at the White House in Washington, DC, on June 22, 2023. (AFP)
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Biden, Modi Hail New Era for US-India Ties and Tout Deals 

US President Joe Biden looks on as India's Prime Minister Narendra Modi speaks during an official State Dinner in honor of India's Prime Minister Narendra Modi, at the White House in Washington, DC, on June 22, 2023. (AFP)
US President Joe Biden looks on as India's Prime Minister Narendra Modi speaks during an official State Dinner in honor of India's Prime Minister Narendra Modi, at the White House in Washington, DC, on June 22, 2023. (AFP)

US President Joe Biden and Narendra Modi hailed a new era in their countries' relationship after the White House rolled out the red carpet for the Indian prime minister on Thursday, touting deals on defense and commerce aimed at countering China's global influence.

"Two great nations, two great friends, and two great powers. Cheers," Biden told Modi in a toast at a state dinner. Modi said in reply: "You are soft spoken, but when it comes to action, you are very strong."

Though the countries are not formal treaty-bound allies and India has long relished its independence, Washington wants Delhi to be a strategic counterweight to China. While neither leader criticized Beijing directly in official statements, they alluded to the Xi Jinping-led government.

"The dark clouds of coercion and confrontation are casting their shadow in the Indo Pacific," Modi told Congress. "The stability of the region has become one of the central concerns of our partnership."

After Biden and Modi spoke privately for more than two hours, a joint statement included a warning of rising tensions and destabilizing actions in the East and South China Sea and stressed the importance of international law and freedom of navigation.

"The challenges and opportunities facing the world in this century require that India and the United States work and lead together, and we are," Biden said as he welcomed Modi to the White House.

The state dinner, held in a large, elaborately erected tent on the White House South Lawn, featured a number of Silicon Valley executives on the guest list, including Apple's Tim Cook, 23andMe CEO Anne Wojcicki, Google CEO Sundar Pichai, OpenAI CEO Sam Altman, among others.

With the slightly Indian-accented dinner, the Bidens followed a White House tradition of serving guests from abroad food that has faint echoes of home with a strong American bent.

Modi is seeking to raise the status that India, the world's most populous country at 1.4 billion and fifth-largest economy, has on the world stage as a manufacturing and diplomatic powerhouse while navigating strained ties with China.

His participation in a White House press conference itself was a reflection of contrasting political traditions, marking the first time Modi has taken questions in such a format in his nine-year tenure. He took one question apiece from an American and an Indian journalist selected in advance, and dismissed criticism about India's human rights record.

Washington has been frustrated by India's close ties with Russia while Moscow wages war in Ukraine. Modi avoided direct mention of Russia, but told lawmakers the conflict was "causing great pain in the region. Since it involves major powers, the outcomes are severe."

Boycotts and welcome crowds

Modi's visit was not without controversy. The speech to Congress, normally a bipartisan affirmation of a visiting leader from an allied nation, was boycotted by some liberal lawmakers, who cited the Modi government's treatment of India's Muslim minority.

"I encourage my colleagues who stand for pluralism, tolerance and freedom of the press to join me in doing the same," Representative Alexandria Ocasio-Cortez tweeted on Wednesday.

Modi's speech to the Congress also drew a crowd of on-lookers who chanted "Modi, Modi" at applause lines.

As some 7,000 well-wishers gathered for a colorful opening ceremony at the White House, a far smaller group of demonstrators gathered blocks away to protest the Biden administration's coziness with Modi, who leads the Hindu nationalist Bharatiya Janata Party.

Asked by a US reporter about what steps he would take to improve the rights of Muslims and other minorities, Modi said "there's absolutely no space for discrimination" in India.

Biden told reporters he and Modi had a straightforward discussion about democratic values.

New US-India deals

The two countries announced agreements on semiconductors, critical minerals, technology, space cooperation and defense cooperation and sales.

Some are aimed at diversifying supply chains to reduce dependence on China. Others are aimed at cornering the market in advanced technologies that may feature on the battlefields of the future. They also ended disputes at the World Trade Organization, and India removed some tariffs on US goods.

The United States is India's largest trading partner but the US has much larger trading relationships with China, the EU, and North American neighbors.

Biden and Modi signed off on a deal to allow General Electric to produce jet engines in India to power Indian military aircraft, through an agreement with Hindustan Aeronautics.

US Navy ships in the region will be able to stop in Indian shipyards for repairs under a maritime agreement, and India will procure US-made armed MQ-9B SeaGuardian drones.

US chipmaker Micron Technology's plans a $2.7 billion semiconductor testing and packaging unit, to be built in Modi's home state of Gujarat. The US will also make it easier for skilled Indian workers to get and renew US visas.

India also agreed to join the US-led Artemis Accords on space exploration and to work with NASA on a joint mission to the International Space Station in 2024.

Indian Foreign Secretary Vinay Kwatra said the visit so far had been "truly pathbreaking" and New Delhi is confident it will help take the relationship with Washington to "higher reaches".

"The richness of form and substance of the visit clearly tells you that it’s an exceptional, landmark, pathbreaking visit," Kwatra told reporters.

"The decisions taken during the visit are truly transformative across a wide range of areas. Naturally, it is something which is possible when the countries have deep trust in each other and are in it for long term."



Russia Releases Video Footage to Challenge Kyiv Over Alleged Attack

A Russian service member stands next to the remains of a drone, which, according to the Russian Defense Ministry, was downed during the repelling of an alleged Ukrainian attack on the Russian presidential residence in the Novgorod Region, in an unknown location in Russia, in this still image from a video released December 31, 2025. (Russian Defense Ministry/Handout via Reuters)
A Russian service member stands next to the remains of a drone, which, according to the Russian Defense Ministry, was downed during the repelling of an alleged Ukrainian attack on the Russian presidential residence in the Novgorod Region, in an unknown location in Russia, in this still image from a video released December 31, 2025. (Russian Defense Ministry/Handout via Reuters)
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Russia Releases Video Footage to Challenge Kyiv Over Alleged Attack

A Russian service member stands next to the remains of a drone, which, according to the Russian Defense Ministry, was downed during the repelling of an alleged Ukrainian attack on the Russian presidential residence in the Novgorod Region, in an unknown location in Russia, in this still image from a video released December 31, 2025. (Russian Defense Ministry/Handout via Reuters)
A Russian service member stands next to the remains of a drone, which, according to the Russian Defense Ministry, was downed during the repelling of an alleged Ukrainian attack on the Russian presidential residence in the Novgorod Region, in an unknown location in Russia, in this still image from a video released December 31, 2025. (Russian Defense Ministry/Handout via Reuters)

Russia's defense ministry released video footage on Wednesday of what it said was a downed drone at a briefing intended to show Ukraine tried this week to attack a presidential residence and challenge Kyiv's denials that such an attack took place. 

Kyiv says Moscow has produced no evidence to support its allegations and that Russia invented the alleged attack to block progress at talks on ‌ending the war ‌in Ukraine. Officials in several ‌Western ⁠countries have ‌cast doubt on Russia's version of events and questioned whether there was any attack. 

Video footage released by Russia's defense ministry showed a senior officer, Major-General Alexander Romanenkov, setting out details of how Moscow says it believes Ukraine attacked one of President Vladimir Putin's residences in ⁠the Novgorod region. 

Romanenkov said 91 drones had been launched from Ukraine's Sumy ‌and Chernihiv regions in a "thoroughly ‍planned" attack that he said ‍was thwarted by Russian air defenses, caused ‍no damage and injured no one. 

The video released by the ministry included footage of a Russian serviceman standing next to fragments of a device which he said was a downed Ukrainian Chaklun-V drone carrying a 6-kg explosive device which had not detonated. 

The ministry did ⁠not explain how it knew what the device's target was. 

Speaking to Reuters, Ukrainian Foreign Ministry spokesperson Heorhii Tykhyi said the footage was "laughable" and that Kyiv was "absolutely confident that no such attack took place". 

Reuters could not confirm the location and the date of the footage showing fragments of a destroyed device. The model of the destroyed device could not be immediately verified. 

Other footage featured a man, identified as Igor Bolshakov from a ‌village in the Novgorod region, saying he had heard air defense rockets in action. 


China Slams Countries That Criticized Taiwan Drills as 'Irresponsible'

A screen broadcasting news about military drills conducted by China around Taiwan is seen on a street in Beijing, China, 30 December 2025. (EPA)
A screen broadcasting news about military drills conducted by China around Taiwan is seen on a street in Beijing, China, 30 December 2025. (EPA)
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China Slams Countries That Criticized Taiwan Drills as 'Irresponsible'

A screen broadcasting news about military drills conducted by China around Taiwan is seen on a street in Beijing, China, 30 December 2025. (EPA)
A screen broadcasting news about military drills conducted by China around Taiwan is seen on a street in Beijing, China, 30 December 2025. (EPA)

Beijing slammed on Wednesday countries including Japan and Australia for their "irresponsible" criticism of China's military drills in waters around Taiwan.

China launched missiles and deployed dozens of fighter jets, navy ships and coastguard vessels around the island on Monday and Tuesday in live-fire drills.

There has been a chorus of international criticism of China's drills, including from Japan, Australia and European countries.

Japan said Wednesday that China's exercises "increase tensions" across the Taiwan Strait, while Australia's foreign ministry condemned the "destabilizing" military drills.

The European Union on Tuesday said the military activity "endangers international peace and stability".

Beijing on Wednesday hit back at the remarks.

"These countries and institutions are turning a blind eye to the separatist forces in Taiwan attempting to achieve independence through military means," foreign ministry spokesman Lin Jian told reporters at a news briefing.

"Yet, they are making irresponsible criticisms of China's necessary and just actions to defend its national sovereignty and territorial integrity, distorting facts and confusing right and wrong, which is utterly hypocritical."

Lin said Beijing appreciated countries such as Russia, Pakistan and Venezuela expressing their support for China.

"We want to reiterate China's unwavering resolve for safeguarding national sovereignty, security and territorial integrity," he added.

"Any egregious provocative act that crosses the line on the Taiwan issue will be met with a firm counter from China."


Iran Appoints New Central Bank Governor After Record Currency Fall and Mass Protests

A person walks past a sign at a currency exchange, as the value of the Iranian rial drops, in Tehran, Iran, December 30, 2025. Majid Asgaripour/WANA (West Asia News Agency) via Reuters
A person walks past a sign at a currency exchange, as the value of the Iranian rial drops, in Tehran, Iran, December 30, 2025. Majid Asgaripour/WANA (West Asia News Agency) via Reuters
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Iran Appoints New Central Bank Governor After Record Currency Fall and Mass Protests

A person walks past a sign at a currency exchange, as the value of the Iranian rial drops, in Tehran, Iran, December 30, 2025. Majid Asgaripour/WANA (West Asia News Agency) via Reuters
A person walks past a sign at a currency exchange, as the value of the Iranian rial drops, in Tehran, Iran, December 30, 2025. Majid Asgaripour/WANA (West Asia News Agency) via Reuters

Iran on Wednesday appointed a new governor to the central bank after the former one resigned following a record currency fall against the US dollar that sparked large protests.

The plummeting of the rial, Iran's currency, sparked the largest protests in the country in three years, with rallies that began Sunday and continued until Tuesday.

A report by the official IRNA news agency said President Masoud Pezeshkian’s Cabinet appointed Abdolnasser Hemmati, a former economics minister, as new governor of the Central Bank of Iran. He replaces Mohammad Reza Farzin, who resigned on Monday.

Experts say a 40% inflation rate led to public discontent. The US dollar traded at 1.38 million rials on Wednesday, compared to 430,000 when Farzin took office in 2022.

Many traders and shopkeepers closed their businesses and took to the streets of Tehran and other cities to protest.

The new governor's agenda will included a focus on controlling inflation and strengthening the currency, as well as addressing the mismanagement of banks, the government’s spokeswoman Fatemeh Mohajerani wrote on X.

Hemmati, 68, previously served as minister of economic and financial affairs under Pezeshkian.

In March parliament dismissed Hemmati for alleged mismanagement and accusations his policies hurt the strength of Iran’s rial against hard currencies.

A combination of the currency's rapid depreciation and inflationary pressure has pushed up the prices of food and other daily necessities, adding to strain on household budgets already under pressure due to Western sanctions on Iran over its nuclear program.

Inflation is expected to worsen with a gasoline price change introduced in recent weeks.

Iran’s currency was trading at 32,000 rials to the dollar at the time of the 2015 nuclear accord that lifted international sanctions in exchange for tight controls on Iran’s nuclear program. That deal unraveled after President Donald Trump unilaterally withdrew the United States from it in 2018, during his first term.