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United Nations Secretary General Antonio Guterres on Friday said he is not very hopeful that there will be a peace solution in the immediate future for the Russia-Ukraine conflict. Addressing a press conference here ahead of the G20 summit, Guterres said the two countries still do not appear to be ending the conflict. Asked whether India could mediate to end the war, he said, «When you have a conflict, all efforts of mediation are welcome… (But) I am not very hopeful that we will have a peace solution in the immediate future.» On the need for reforms to multilateral institutions, Guterres said when these multilateral institutions were created, many of the countries of today did not even exist. «This is true for the UNSC and many others,» he said. Asked whether it was time for India to become a member of the UNSC, Guterres said, «It is not for me to decide who would be in the UNSC, it is for the members (to decide).» «But it is obvious that India is today the country of the world with the largest population and it is a very important partner in the multilateral system. »All I can say is that I believe that we need reforms in the multilateral system to reflect today's world," he added. Asked whether there should be a timeline for reforms to the multilateral institutions, Guterres said, «There is a need to do it, but I am not sure if we get it.

Joe Biden arrived in national capital Delhi on Friday to participate in the G20 Summit to be chaired by Prime Minister Narendra Modi. US President Biden, along with Janet Yellen, went for closed door meeting with PM Modi on Friday, after the former arrived in India. He was received at the airport by Minister of State for Road Transport & Highways and Civil Aviation Gen VK Singh (retd).

United Nations Secretary-General Antonio Guterres said on Friday that the world was facing the risks of conflict as divisions between nations widen, in a warning ahead of a G20 leaders summit. «If we are indeed one global family — we today resemble a rather dysfunctional one», Guterres told reporters in New Delhi. «Divisions are growing, tensions are flaring up, and trust is eroding — which together raise the spectre of fragmentation, and ultimately, confrontation.» The Group of 20 major economies currently consists of 19 countries and the European Union, making up about 85 percent of global GDP and two-thirds of the world population. But deep disagreements on Russia's war in Ukraine and how to help emerging nations tackle climate change are expected to hamper agreements during the two-day meeting in New Delhi. «This fracturing would be deeply concerning in the best of times, but in our times, it spells catastrophe», Guterres added. «Our world is in a difficult moment of transition. The future is multipolar, but our multilateral institutions reflect a bygone age. »The global financial architecture is outdated, dysfunctional, and unfair.

Rishi Sunak said on Friday that it was not his place to tell India what position it should take on Russia's war in Ukraine, in an interview to news agency ANI. «It's not for me to tell India what positions to take on international issues, but I know India rightly cares about the international rule of law, the UN Charter and respect for territorial integrity,» Sunak said when asked about India's stance. India has avoided blaming Moscow for the war and has called for a solution through dialogue and diplomacy.

Finance Minister Nirmala Sitharaman on Friday held a bilateral meeting with US Treasury Secretary Janet Yellen and discussed G20 priorities. The bilateral meeting took place a day ahead of the G20 Leadership Summit beginning on Saturday here. «FM Smt.

trade deal between India and the UK, because both of us think that would be a good thing and both of us need to make sure it works for our two countries. And at forums like this, I'm very keen to support Prime Minister Modi in making sure that this G20 is an enormous success for India, which I know it will be...". The British Prime Minister spoke on the UK-India Free Trade Agreement and said both countries are hoping to conclude a mutually beneficial deal.

ALSO READ: G20 Summit: EU expresses concern over draft joint communique on Ukraine issue “I don’t know if this is possible or not to have an agreement on a final communique, we will see. But we will defend our principles and will also support the efforts made by India," HT quoted Michel as saying when asked about the possibility of the Ukraine crisis holding up a leaders’ declaration.

Global food prices resumed declines to the lowest in more than two years amid ample supplies of cooking oils and dairy, even as worries persist over flows of key staples from some regions. 

Rahul Gandhi said. This is Rahul Gandhi's first foreign trip after the restoration of his Lok Sabha membership following the Supreme Court's stay on his conviction in the ‘Modi-surname’ remark. The Europe trip comes at a time when New Delhi is hosting the G20 Summit and heads of all major states are arriving in India's capital for the G20 summit on 9 and 10 September.

climate change, fairness in digital architecture, and more support for developing countries. Michel also said the EU would continue to back Ukraine and would not shy away from imposing more sanctions on Russia. He criticized Russia over its recently reported attacks at a Ukraine port and said they would exacerbate food shortage issues globally.

By Yousef Saba and Rachna Uppal

G20 summit, contributing to deteriorating relations. India has also strengthened its defence ties with the US by joining the Quadrilateral Security Dialogue with Japan and Australia, aimed at countering China's growing influence, reported Bloomberg. India, under Prime Minister Narendra Modi's leadership, is reportedly studying potential responses to a hypothetical Chinese invasion of Taiwan, according to senior Indian government officials.

Sea Legs general manager Declan Roche says prolonged high petrol prices are driving up the costs of getting his Brisbane brewery’s beer into the hands of customers.

artillery. Such foul-ups revealed deeper problems. All modern armies use two approaches to logistics, explains Ronald Ti, a military logistician at King’s College London: “pull" logistics, which involve responding flexibly to consumption and demand signals by units in the field, and “push" logistics, in which ammo and material are dispatched based on predetermined rates of use.

G20 summit. Spin doctors are at pains to push the unofficial line that Xi’s absence isn’t a big deal for New Delhi by, among other things, deflecting the public gaze to what Indian diplomacy calls “bandobast" and has perfected like an art. But all the intricate details of the décor at the venue, the logistics, the vegetarian-only menus, the silverware, and how the capital has been lit up in hot pink cannot change the fact that Xi’s absence is significant.

India prepares to host the prestigious gathering of world leaders this weekend for the G20 summit, showcasing India's aspirations to establish itself as a prominent global player. As per a TOI analysis, the event carries immense significance for India, particularly for Prime Minister Narendra Modi, as it will define the nation's role as a champion of the Global South and the voice of numerous developing countries. This summit represents a diplomatic milestone for New Delhi as it endeavors to bring together a fractured world amidst the backdrop of the ongoing Russia-Ukraine conflict.

leadership of PM Modi, prioritising its sovereign and economic interests while while also appealing for peace. Appreciating India's stand on Russia-Ukraine war, he said India has done "the right thing".

The voting for Russian-installed legislatures in the Donetsk, Luhansk, Kherson and Zaporizhzhia regions begins Friday and concludes Sunday. It has already been denounced by Kyiv and the West. «It constitutes a flagrant violation of international law, which Russia continues to disregard,» the Council of Europe, the continent's foremost human rights body, said this week. Kyiv echoed that sentiment, with the parliament saying in a statement that the balloting in areas where Russia «conducts active hostilities» poses a threat to Ukrainian lives.

Stock market: Defense stocks have been in focus for the few years, especially after the outbreak of Russia-Ukraine war. Both domestic institutional investors (DIIs) and foreign institutional investors (FIIs) have been buying stake in defense stocks. But, during April to June 2023 quarter, FIIs have bough heavily in good number of defense stocks in first quarter of the current financial year.

China’s exports are faltering and its consumers are spending less at home, the country is flooding the world with cars. Overseas demand for inexpensive vehicles made in China, mostly gasoline-powered models that Chinese consumers now shun in favor of electric cars, is so great that the biggest obstacle to selling more abroad is a lack of specialized ships to carry them. Chinese automakers have leaped to dominance in Russia since war began in Ukraine, transporting cars by train. The companies have also captured large shares of markets in Southeast Asia, Australia, South America and Mexico.

Elon Musk, the billionaire and CEO of multiple companies has often appealed to both Ukraine and Russia to stop war and find a peaceful solution to age-old problems. Musk has supported Ukraine by providing internet to Ukraine through its Starlink satellite system. However, a biography on Elon Musk, which is set to be released by Simon & Schuster on September 12, has highlighted how Musk prevented war nuclear war between Ukraine and Russia.