Indian rupee drops further against US dollar, UAE dirham

US President Donald Trump has "greenlit" the bipartisan Russia Sanctions Bill, which could be used to penalise Moscow's trading partners, including India, China and Brazil, over their purchase of Russian oil, said Republican Senator Lindsey Graham, a prominent defence hawk.

If passed, the Graham-Blumenthal sanctions bill would authorise the US President to levy up to 500 per cent tariffs on nations that knowingly purchase Russian oil or uranium and "fuel Russian President Vladimir Putin's war machine". The hard-hitting sanctions package is meant to economically cripple Moscow as the Trump administration continues to negotiate a deal to end the war that began with Russia's invasion of Ukraine. 

Graham said he met with Trump at the White House on Wednesday, during which the President extended his support to the bill that has been in the works for months. The development was also confirmed by a White House official while talking to the Associated Press.

"This will be well-timed, as Ukraine is making concessions for peace and Putin is all talk, continuing to kill the innocent," Graham said in a statement.

Graham said there could be a vote as early as next week, although it's unclear how likely that will be. The Senate is poised to take up a scaled-back government funding package next week that the House is currently considering, if the House passes it. The following week is a Senate recess timed to Martin Luther King Jr Day.

About The Russia Sanctions Bill

The bill, chiefly written by Graham and Democratic Senator Richard Blumenthal, allows the administration to impose tariffs and secondary sanctions up to 500 per cent on countries that purchase Russia's oil, gas, uranium and other exports. Doing so is meant to cut off the source of financing for much of Russia's military actions.

The White House has previously insisted on some revisions and flexibility for Trump in the sanctions package, but it is not clear whether any changes were secured.

The legislation has dozens of co-sponsors in the Senate, as well as a companion bill in the House, drafted by Republican Representative Brian Fitzpatrick.

The Trump administration is currently trying to finalise a peace deal to end the war in Ukraine, now nearly four years old, with special envoy Steve Witkoff and Jared Kushner, Trump's son-in-law, as the U.S. president's chief negotiators.

Bengaluru A 34-year-old software engineer from Mangaluru lost her life due to asphyxiation after a fire broke out in her apartment in Ramamurthy Nagar late on Saturday night.

The deceased has been identified as Sharmila, a native of Kavoor in Mangaluru. She had relocated to Bengaluru about a year ago in search of better career prospects and was residing in an apartment complex at Subramanya Layout.

The incident occurred around 11 pm when Sharmila was alone in the flat, as her roommate had travelled out of town for the weekend. Preliminary investigations suggest that the fire may have been triggered by a short circuit in one of the rooms. Within a short span, the apartment was filled with dense, toxic smoke.

As the flames spread, the power supply to the building was cut off, plunging the flat into darkness. Police believe that Sharmila, trapped inside the smoke-filled apartment and unable to find an exit or a source of ventilation, succumbed to smoke inhalation.

The fire caused extensive damage to household items, with beds, curtains and other furniture completely gutted. Personnel from the Ramamurthy Nagar police shifted the body for post-mortem examination, which has since been completed. The mortal remains were later handed over to her family.

A case has been registered, and the police have launched a detailed investigation to determine the exact cause of the suspected electrical failure.

Donald Trump has linked his repeated threats to seize Greenland to his failure to win the Nobel Peace Prize, in a letter to Norwegian Prime Minister Jonas Gahr Støre.

The authenticity of the letter, in which Trump says he no longer feels obligated to “think purely of peace,” was confirmed by Støre to the Norwegian newspaper VG.

“Considering your country decided not to give me the Nobel Peace Prize for having stopped eight wars plus, I no longer feel an obligation to think purely of peace,” Trump wrote, adding he can now “think about what is good and proper for the United States.”

Støre said Trump’s letter was in response to a short message he had sent earlier, on behalf of himself and Finland’s President Alexander Stubb.

Trump has escalated rhetoric toward Greenland, a self-governing Danish territory, insisting the US will take control “one way or the other.” Over the weekend, he tweeted: “Now it is time, and it will be done!!!”

On Saturday, Trump threatened a 10% tariff on imports from Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland from 1 February until the US is allowed to purchase the island. EU diplomats met for emergency talks on possible retaliatory tariffs and sanctions.

In his letter, Trump argued Denmark “cannot protect” Greenland from Russia or China, questioning Danish ownership: “There are no written documents; it’s only that a boat landed there hundreds of years ago.” He added that NATO should support the US, claiming the world is “not secure unless we have complete and total control of Greenland.”

Trump’s stance has unsettled the EU and NATO, as he refused to rule out military action to take control of the mineral-rich island.

The Nobel Peace Prize is awarded by the independent Norwegian Nobel Committee, not the government. Trump had campaigned for last year’s prize, which went to Venezuelan opposition leader María Corina Machado, who dedicated her award to him.

Støre reiterated that the Nobel Prize decision rests solely with the committee.