County Summit Financial News

The energy company at the center of a $60 million bribery scheme in Ohio will pay $20 million and avoid criminal charges as part of a deal with state prosecutors to resolve its role in the scandal

Chennai on August 10 (Saturday). It will bring together entrepreneurs, industrialists, policymakers and sectoral experts on a common platform to discuss ways to strengthen the industrial ecosystem in the region. The ET Make in India SME Regional Summit in Chennai will focus on discussing ways to improve the state’s manufacturing and export might. To register for the Chennai summit, click here

Ukraine. I'm grateful for that.

NATO summit in Washington this month but, away from the public stage, the alliance's military planners have been focused on assessing the enormous cost of fixing Europe's creaking defences. NATO leaders agreed plans last year for the biggest overhaul in three decades of its defence capabilities, amid growing fears of Russian aggression.

Cryptocurrencies remain largely unregulated across the world. The G-20 Summit in 2023, where India presided as the President, emphasised establishing a collaborative and global network of regulations in cryptocurrencies which gathered steam from the attendees. This has been driven by India’s Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, which is yet to be tabled but is becoming an era-appropriate necessity. Presently, cryptocurrencies are taxed at 30% on the earnings, while a further 1% is deducted from earnings. Meanwhile, the focus of the Crypto Bill is to establish a regulated structure in the domain that assists in the creation of official digital currencies.

manufacturing hub providing resilient supply chain options for leading manufacturers across industry sectors. Technology enablement is critical to enable efficient and reliable supply chain operations and it is imperative for the government of India to strengthen nation’s digital backbone.

Kyrgyzstan has emerged with the deportation of illegal Pakistani citizens. Central Asia including Kyrgyzstan is not a usual destination for migrants. But the Kyrgyz national security council has recently detected the presence of several illegal migrants in the country and citizens from Pakistan and Bangladesh form the bulk of these illegal migrants. In April-May this year in the run up to the political crisis that also contributed to the aborted coup, the Kyrgyz security services deported 1500 Pakistani and 1000 Bangladeshi citizens staying illegally in the country, ET has learnt. Around 5,000 illegal migrants were detected in the country, alleged sources familiar with the developments.

World Audio Visual and Entertainment Summit in November alongside the International Film Festival of India in Goa, with I&B Minister Ashwini Vaishnaw promising to strengthen the ecosystem for the protection of intellectual property rights in the media and entertainment sector. Vaishnaw and Goa Chief Minister Pramod Sawant made the announcement of the first World Audio Visual and Entertainment Summit (WAVES) in Goa from November 20-24 and described it as a visionary initiative by Prime Minister Narendra Modi as India seeks to make a mark in the media and entertainment sector. «IP rights hold huge value in the media and entertainment sector. We will be strengthening the ecosystem for protecting IP rights,» Vaishnaw, the Information and Broadcasting Minister, said in his address at the curtain raiser event for WAVES. Vaishnaw said the government was also exploring ways to make available low-cost funds to the media and entertainment sector with learnings from the venture capital model.

State Department Deputy Spokesperson Vedant Patel made the remarks on Monday at his daily news conference in response to a question on US-India relations and the recent conversation between President Joe Biden and Prime Minister Narendra Modi on the sidelines of the recent G7 Summit in Italy. «India is a country in which we are deepening our relations within a number of key spaces, especially as it relates to deepening our economic ties, deepening our security cooperation,» Patel told reporters.

annual summit surprised many in the international community, the genesis of this visit was two telephone conversations between President Vladimir Putin and the Indian PM this year. The two first spoke following Putin’s Presidential polls victory in March. This was followed by Putin’s call to Modi (first P5 leader to telephone the PM) after BJP-led NDA’s election victory on June 4. ET has learnt that during the conversations the two discussed the possible visit by Modi for annual summit and it was decided that the PM could probably visit Russia by middle of this year. The government on both sides then worked to firm up the schedule as it was felt that a political summit was imperative to give momentum to the strategic partnership. Earlier during his trip to Moscow last December External Affairs Minister S Jaishankar had informed that Modi will visit Russia this year and he is also scheduled to attend the BRICS Summit in Kazan, Russia, end of October.

A statewide referendum vote is set in South Dakota for the Nov. 5 general election on a so-called “landowner bill of rights” related to a controversial carbon dioxide pipeline project proposed for the Midwest

Vinay Kwatra on Friday announced that Prime Minister Modi will arrive in Moscow on Monday (July 8) afternoon, he said, adding that the PM will then join a private dinner hosted by Russian President Vladimir Putin. Adressing a special briefing on PM Modi's visit to Russia and Austria, Kwatra said, PM Modi will pay an official visit to Moscow on July 8-9, at the invitation of the President of the Russian Federation for the 22nd India-Russia Annual Summit." Further, he also said that after PM Modi and Putin's informal meeting in Uzbekistan's Samarkand in 2022, both leaders have stayed in touch on the phone multiple times.

PM Modi at the airport. Manturov and PM Modi shook hands and greeted each other. In a rare gesture, Manturov will also accompany PM Modi to the hotel from the airport in the same car. India's Ambassador to Russia, Vinay Kumar, was present at the airport to welcome PM Modi. The Indian community has gathered outside the hotel, where PM Modi is scheduled to arrive. Indian diaspora are also playing dhol to welcome PM Modi at the hotel.

trade imbalance with Russia and securing the discharge of Indians misled into fighting in the Ukraine war will be among Prime Minister Narendra Modi's priorities during talks in Moscow next week, a top official said on Friday. Modi will visit Russia on July 8-9 for talks with President Vladimir Putin as part of annual summits between New Delhi and Moscow, launched in 2000. Modi's visit coincides with the July 9-11 NATO summit in Washington at which the Ukraine war will hold centre stage, and the timing has raised questions about the signal India could be sending.

Donald Trump's potential return to the White House, more of NATO's European members are finally hitting the alliance's defence spending target. But as leaders gear up to celebrate at a NATO summit in Washington there is a clear feeling that will not be sufficient to tackle the challenges it faces. «Even in countries historically reluctant to spend more on defence, there is now a growing sense of the importance of greatly increased defence spending,» said Ian Lesser, from the German Marshall Fund of the United States think tank.

Labour Party in a parliamentary election, the party will come to power after 14 years under its leader Keir Starmer. The center-left party's stance on India has traditionally leaned towards separatist movements. While it had backed the separatist movement in J&K, many of its leaders are known for promoting Khalistan. The party's resolution during an annual conference under former Labour leader Jeremy Corbyn in favour of international intervention in Kashmir was widely seen as having cost it British Indian votes in the 2019 general election. The Labour Party has been seen as «anti-India» by many. In 2021, it was branded “divisive” and “anti-India” by many in the Indian diaspora after a party leaflet for a by-election in northern England used an image of Prime Minister Narendra Modi. The leaflet showed Modi in a handshake with then Conservative Party Prime Minister Boris Johnson at the G7 Summit in 2019 with the message “Don't risk a Tory MP who is not on your side”. It triggered furious reactions across social media after Tory MP Richard Holden posted an image of it on Twitter, questioning whether it implies that Labour Leader Sir Keir Starmer would not be seen in a handshake with the Indian Prime Minister.

In what was their first structured meeting since July 2023, Jaishankar and Wang, who is also a member of the political bureau of the Communist Party of China, decided that the Working Mechanism on Consultation and Coordination on India-China Border Affairs (WMCC) should hold an early meeting towards the process to achieve complete disengagement, officials said. The last (29th meeting) of the WMCC was held on March 27 this year in Beijing. The joint secretary (East Asia) at the Ministry of External Affairs had led the Indian delegation. The Chinese side was led by the director general of the Boundary & Oceanic Department of the Chinese Ministry of Foreign Affairs.

Mann Ki Baat', marking his first in the new term. He highlighted the continuity of the program despite a brief hiatus, emphasising the ongoing positive impact of citizen-driven initiatives across India. PM Modi also expressed gratitude for the public's reaffirmation of faith in the Constitution and democratic processes during the historic 2024 Lok Sabha elections, where a record 650 million people participated.

carbon emissions should come forward and own the responsibility of providing finance to developing countries to address the climate crisis, Union Environment Minister Bhupender Yadav said on Friday. Climate finance will be at the centre of the UN climate conference in Baku, Azerbaijan, where the world will reach the deadline to agree on the New Collective Quantified Goal (NCQG) — the new amount developed nations must mobilise every year starting in 2025 to support climate action in developing countries. «Temperature rise is a global problem. IPCC reports clearly say the increase in carbon emissions is driving average global temperatures up. Countries have prepared their Nationally Determined Contributions. India has achieved its climate targets, be it in the renewable energy sector or reducing carbon emissions,» Yadav said at the India Climate Summit. «Developed countries are required to provide finance and technological support to developing countries if we need equal growth in the world. Unfortunately, this could not happen but the New Collective Quantified Goal will be the central point of the COP29 in Baku. Countries historically responsible for maximum carbon emissions should come forward,» he said.

India-Middle East-Europe Economic Corridor (IMEC) will prove to be one of the «biggest game-changers» of the 21st century, President Droupadi Murmu said in Parliament on Thursday. She also said the global order is taking a «new shape» and that the government's efforts are resulting in «Bharat» giving a new confidence to the world as a «Vishwa-Bandhu» (friend of the world). In her address to a joint sitting of the Parliament, Murmu said India today is the first responder in any crisis and has become a strong voice of the Global South in view of its human-centric approach. Outlining priorities of the Modi government in the foreign policy domain, the president said India is giving great emphasis on connectivity.

SYDNEY—WikiLeaks founder Julian Assange landed in Australia as a free man for the first time in more than a decade, waved to supporters as he exited his airplane and then disappeared from public view. His immediate priorities: eating real food, playing with his children and going to swim in the ocean. But people close to Assange think he will eventually return to the public spotlight, fighting for press freedom, defining his legacy and promoting human rights.