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India has recorded a trade deficit, the difference between imports and exports, with nine of its top 10 trading partners, including China, Russia, Singapore, and Korea, in 2023-24, according to official data. The data also showed that the deficit with China, Russia, Korea, and Hong Kong increased in the last fiscal compared to 2022-23, while the trade gap with the UAE, Saudi Arabia, Russia, Indonesia, and Iraq narrowed. The trade deficit with China rose to USD 85 billion, Russia to USD 57.2 billion, Korea to USD 14.71 billion and Hong Kong to USD 12.2 billion in 2023-24 against USD 83.2 billion, USD 43 billion, USD 14.57 billion and USD 8.38 billion, respectively, in 2022-23. China has emerged as India's largest trading partner with USD 118.4 billion of two-way commerce in 2023-24, edging past the US.

Inflation is set to ease across Group of Seven economies, according to those countries’ central bankers, but the progress will be uneven. G-7 leaders meeting in Italy are weighing the durability of America’s growth momentum against the perennial sickliness of Europe’s expansion. However, the softer inflation outlook could be challenged by an aging global population as more old people are spending and fewer young people are producing. In the UK, figures on inflation, migration, private-sector activity, retail sales and consumer confidence have all been published since Wednesday morning, hours before Prime Minister Rishi Sunak called a snap general election. An announcement on household energy bills highlighted the political divide.

China's engagement in the global system of commerce was roundly criticised by Group of Seven finance chiefs in a show of unity accompanied by a threat of further escalation. The club of rich-world ministers and central bankers concluded its gathering in the Italian lakeside town of Stresa on Saturday with a communique that cited the world's second-biggest economy by name and accused the country of hurting the economies of its trade partners.

Also Read: Indian chef Padam Vyas seen with empty stall in Australia; netizens react, ‘What a shame’At the age of 15, Carlo Acutis died of leukaemia in 2006. He was beatified four years ago after it was the Vatican found that a boy recovered miraculously from a disease days after touching Acutis' t-shirt.The millennial, who died in 2006, became popular among the masses for using technology to propagate religion. Carlo Acutis was born in London on May 3, 1991.

Jyothi Surekha Vennam, Parneet Kaur and Aditi Swami grabbed their third successive Archery World Cup gold medal, while the mixed team added a silver at the stage two event here on Saturday. The world number one Indian compound women's team dominated Turkey's Hazal Burun, Ayse Bera Suzer and Begum Yuva right from the first end and sealed the gold without dropping a set, maintaining a healthy six-point margin (232-226) in a lopsided final.

Janet Yellen stated on Friday that she is working to save a component of the global corporate tax agreement targeting highly profitable multinational corporations, and added that “India is refusing to engage on issues important to US interests".Yellen told Reuters in an interview on the sidelines of a G7 finance leaders meeting in Italy that China also has been “all but absent" in the negotiations to finalize “Pillar 1" of the OECD corporate tax deal reached in principle in 2021 that involves 140 countries."We are actively engaged in this negotiation," to meet an end-June deadline for the deal, Yellen told Reuters. “We're committed to doing everything we possibly can to make it work."Also Read: Yellen ‘Feeling Good’ About G-7 Alignment on Russian AssetsEarlier on Friday, Italian Finance Minister Giancarlo Giorgetti told reporters that the Pillar 1 negotiations were set to fail, citing objections from the U.S., India and China.The Pillar 1 negotiations primarily focus on redistributing the taxing authority concerning US-based digital giants, potentially enabling around $200 billion of corporate profits to be taxed in the nations where these companies operate.In addition to Pillar 1, the tax deal includes a second pillar involving the implementation of a 15% global minimum tax on corporate profits, which many countries are independently adopting.

OpenAI's efforts to produce less factually false output from its ChatGPT chatbot are not enough to ensure full compliance with European Union data rules, a task force at the EU's privacy watchdog said.

U.S. Treasury Secretary Janet Yellen said on Friday she is trying to save a part of the global corporate tax deal focused on highly profitable multinational firms, but India is refusing to engage on issues important to U.S. interests.

The U.S. is seeking to build support for squeezing more money for Ukraine out of frozen Russian assets as finance ministers from the Group of Seven rich democracies open a two-day meeting Another key topic pushed by U.S. Treasury Secretary Janet Yellen...

STRESA, Italy—The U.S. and its allies are moving toward an agreement on a novel financing plan that would provide Ukraine with up to $50 billion, though Western officials are still working through important details on the use and structure of the funds. The idea relies on the investment returns—mainly interest payments—generated by the roughly $300 billion in Russian sovereign assets that the U.S.

Catholic church that he was dubbed “God’s influencer” is set to become the first millennial saint.Carlo Acutis was 15 years old when he died from leukemia in 2006, but he did big things for Catholicism in his short time on earth, Pope Francis has decided.His first attributed miracle, healing a Brazilian child of a congenital disease affecting his pancreas, was recognized by the Pope in 2020 and resulted in his beatification.Now, the Pope has approved a second miracle, involving the healing of a university student in Italy from a brain bleed, which clears Acutis for canonization.According to the Catholic News Agency, the 21-year-old girl from Costa Rica was studying in Florence in 2022 when she was in a bicycle accident that resulted in traumatic injury to her brain.After a craniotomy, her family was told the girl’s situation was dire and her mother set out on a pilgrimage to Assisi to pray at the tomb of Acutis, where is body lies on display.The mother left a note at the tomb and, 10 days later, the girl was discharged from intensive care. Further tests showed her brain had healed and she only needed one week of physical therapy.

Hewlett Packard Enterprise’s (HPE) Communications Technology Group (CTG) for $225 million, approximately ₹1,874 crore, in an all-cash transaction, as per an exchange filing.According to a joint statement from the companies, around 1,500 employees and 700 contractors experienced in telecom engineering services across various countries—such as Spain, Italy, India, Japan, China, the Americas, and the APAC region—will transition to HCLTech as part of the agreement.HCLTech stated in a regulatory filing that the deal involves the “purchase of certain assets (CSS) of Communications Technology Group, a business division of Hewlett Packard Enterprise Company". CSS delivers engineering services to leading global Communications Service Providers (CSPs) leveraging its intellectual properties in a global delivery model" with a total purchase price of $225 million.This acquisition will bolster HCL Technologies' position in the telecom sector by enhancing its engineering services and utilizing CSS' intellectual property, solutions, and talent at prominent CSPs across Europe, Japan, the Americas, and the APAC region, including 20 of the top 30 CSPs worldwide.HCLTech CEO and Managing Director C Vijayakumar said, "With this transaction and our planned strategic partnership with HPE, we are strengthening our telecom practice to address the rapidly expanding and transforming global telecom market.

Ukraine's allies are looking for ways to squeeze money out of frozen Russian assets and use it to help Kyiv fend off Moscow's invasion

US Treasury Secretary Janet Yellen is rejecting a global wealth tax proposal championed by Brazil and supported by France and other G20 countries.

Thursday 23 May 2024, Turin – Iconic Italian football club Juventus has announced top online gaming site Instant Casino will be its new regional partner in Europe.

₹1.2-1.8 lakh price range), a rendition of the royal bandhgala, in 2021. And the belief continues to be strong. “Over the past five years, our business in India has experienced robust growth.

growth in the last four months, India’s engineering exports declined in April 2024 by 3.2% to US$8.67 billion primarily due to lower shipments of metals, especially iron & steel and copper. Lower shipment of steel was mainly witnessed in Italy, Nepal, UAE, Netherlands, USA, China, and South Korea among others. Excluding the export of iron and steel, engineering exports recorded a growth of 2.61% during April 2024. A substantial 36.41% decline in exports of Iron and Steel therefore was the single most important reason behind the year-on-year decline in overall engineering exports during April 2024.

Venice implemented a €5 ticketing system for day visitors last month. The city has already said that nearly one million euros have been collected in the first 11 days of the tax application, SchengenNews reports. Local media sources told Schengen visa news that from April 25 to May 5, approximately 1,95,000 tickets were sold, slightly surpassing projections and generating €975,000 in revenue. However, this amount falls short of covering the expenses associated with establishing the online reservation system, conducting information campaigns, and managing ticket controls, which amounted to three million euros.

Dell Technologies is working with governments worldwide to address ethical concerns about the use of artificial intelligence (AI), helping them tackle deepfakes, frauds and bias, a top executive of the company said. «With vast amounts of data, the attack surfaces increase dramatically. There are good actors in the world, and there are bad actors in the world. Our role in collaboration with governments, different governments, is to balance innovation and technology, and doing the right things using the technology,» said Jeff Boudreau, chief AI officer at Dell Technologies. He was responding to a question on the impact of rogue AI and deepfakes, which could influence the ongoing general elections in India, and what is a company like Dell doing to check this.

₹8,200) It is important to know that the Schengen area covers 29 countries, including 25 European countries. The countries that are part of the Schengen area are Germany, France, Italy, Spain, Norway, Switzerland, Poland, Portugal, Romania, Luxembourg, Belgium, Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Greece, Latvia, Lithuania, Hungary, Malta, Netherlands, Austria, Slovenia, Slovakia, Finland, Sweden, Iceland, and Liechtenstein.

Nita Ambani are preparing for a second round of pre-wedding festivities for their son Anant Ambani and his fiancée Radhika Merchant. This comes after a lavish three-day celebration in Jamnagar, Gujarat, earlier this year. The initial pre-wedding event in Jamnagar saw around 1,200 guests, including notable figures like Meta founder Mark Zuckerberg, Microsoft co-founder Bill Gates, global pop star Rihanna, cricketers Sachin Tendulkar and MS Dhoni, and Bollywood stars such as Shah Rukh Khan, Alia Bhatt, and Katrina Kaif. Forbes reported that Mukesh Ambani spent a colossal Rs 1259 crore on his son and future daughter-in-law’s pre-wedding festivities.