Huawei Technologies will immediately lose access to updates to the Android operating system, a source close the matter told Reuters.Technologyread more
Huawei claims it has developed its own operating system for smartphones and laptops for "extenuating circumstances."Technologyread more
Trump's threat, posted on Twitter, comes amid rising international tensions in the Middle East as the U.S. has dispatched a carrier strike group and bomber task force to the...Politicsread more
Prime Minister Narendra Modi and his Bharatiya Janata Party are set to form the new government again, exit polls from India's month-long parliamentary elections show. But past...Electionsread more
The latest crisis in the uneasy French-German relationship was accelerated by Trump's decision to stop Germany's comfortable and decades-old free-riding on trade and security...Europe Politicsread more
While some fans of the long-running "Game of Thrones" felt satisfied by the show's final bow, others were quick to express their displeasure with how events unfolded.Entertainmentread more
Stocks in Asia were mostly higher on Monday amid rising tensions between the U.S. and China.Asia Marketsread more
Current geopolitical tensions are making it harder and harder for oil-producing nations to make decisions that will help stabilize crude prices, Russian Energy Minister...Oilread more
Russian Energy Minister Alexander Novak said there were different options available for OPEC and its oil-producing allies in the second half of 2019, including a possible...Oilread more
The Australian Electoral Commission (AEC) on Monday said Morrison's coalition has won 76 seats in Australia's parliament, which is comprised of 151 elected lawmakers.Electionsread more
U.S. President Donald Trump said his tariffs on Chinese goods are causing companies to move production out of China to Vietnam and other countries in Asia, and added that any...World Politicsread more
The impact of the Brexit vote on India would not be significant, as the underlying fundamentals of the economy were robust, Indian Finance Minister Arun Jaitley told CNBC.
The U.K. voted on Thursday to leave the European Union (EU), in a decision that left global financial markets reeling and raised doubts over the fate and composition of the economic and political bloc.
Concerns that the financial market ructions would spill over to the global economy also rocked assets in emerging markets including India, which is the world's fastest-growing major economy.
Jaitley appeared sanguine, however, tipping normalcy to return in the coming days.
"If you have strong fundamentals in terms of deep foreign exchange reserves, a high growth rate, somewhat restrained inflation, a not significant current account deficit and maintaining fiscal discipline. If all these parameters are met, as they are in India, I think the impact will not be significant," Jaitley told CNBC in an interview.
"After all, it's going to be the same U.K. and the same European Union, except that you'll have to trade with them separately and you'll have to deal with them separately. That's the next impact," he said.
"And I think once the world is able to figure this out over the next few days as the situation settles down, the economies in terms of both stock markets and currencies will start leveling out."
Still, Jaitley noted that Indian companies with significant operations in the U.K. would have to tailor their businesses accordingly to deal with the fallout.
Jaitley added that the government remained committed to ushering in more reforms, allaying concerns that the departure of Reserve Bank of India Governor Raghuram Rajan reflected wavering appetite for measures aimed at making the economy more competitive.
Rajan, who won plaudits for shoring up the rupee, tempering inflation and urging banks to clean up bad debts, will leave when his term expires in September after being criticized by some politicians for keeping borrowing costs too high.
"There is no reason to believe that the reform process in India will be slowed down or there will be a change in direction.The direction would be maintained, the pace will be maintained because we do realize this is India's opportunity and we are not willing to squander India's opportunity," Jaitley said.
Follow CNBC International on and Facebook.