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India is holding the historic G20 Summit in Delhi, Congress leader Manish Tiwari on Saturday launched an attack on the Bharatiya Janta Party-led Centre, asking the government to clarify in Parliament whether the government is aiming to provide a military base to United States soldiers on Indian soil. Tiwari, citing the India-US joint statement released by the White House on Friday, said, «Is this a precursor to providing US military bases on Indian soil? The NDA/BJP will have to clarify in Parliament.» The Congress leader's attack on the Centre comes as Prime Minister Narendra Modi held a bilateral meeting on the sidelines of the G20 Summit with US President Joe Biden hours after he landed in New Delhi to attend the mega conclave. According to statement from the White House about the meeting of both leaders at 7, Lok Kalyan Marg in Delhi, they talked about various key issues and also applauded the conclusion of a second Master Ship Repair Agreement signed between American Navy and Mumbai-based Mazgaon Dock Shipbuilders in August 2023. During the meeting, both leaders recommitted to advancing India's emergence as a hub for the maintenance and repair of forward-deployed US Navy assets and other aircraft and vessels, according to the White House statement. Taking to X, Manish Tiwari highlighted a specific part of the India-US joint statement that reads, «The leaders applauded the conclusion of a second Master Ship Repair Agreement, with the most recent agreement signed by the U.S. Navy and Mazgaon Dock Shipbuilders, Ltd., in August 2023.

Congress on Saturday attacked the government over the Adani issue, saying the G20 theme is 'One Earth, One Family, One Future' but Prime Minister Narendra Modi seems to actually believe in «One Man, One Government, One Business Group». The Congress has been questioning the financial dealings of billionaire Gautam Adani's group after US research firm Hindenburg alleged «irregularities» and charged it with stock price manipulation.

One is pricey and slow: For a new force of up to 13 nuclear-powered attack submarines, the Australian taxpayer will fork out an average of more than AUD$28 billion ($18 billion) apiece. And the last of the subs won't arrive until well past the middle of the century.

Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT), one of North America's leading digital asset and bitcoin mining pioneers, has announced further developments regarding its proposed all-stock merger with U.S. Data Mining Group, Inc., also known as US Bitcoin Corp (USBTC). The resulting entity from this merger will be christened «Hut 8 Corp.» and will be based in the U.S.

The US Department of the Treasury and the Internal Revenue Service (IRS) have jointly issued proposed regulations aimed at enhancing transparency and compliance in the digital asset sector. These regulations are set to mandate brokers to report sales and exchanges of digital assets conducted by their customers.

mid-market enterprises constitute the foundational pillar of the Indian economy. As the Indian economy marches ahead to feature among the top three global economies, mid-market enterprises will have significant capital requirements to capitalize on the opportunities presented.

recovery. The Nifty IT index, which had declined by 14 percent between April 1, 2022, and August 31, 2023, has shown signs of improvement since September 1, 2023, with a 4.11 percent increase. One critical factor in this recovery is the reduction in attrition rates reported by IT companies during Q1FY24, signifying improved knowledge retention and cost savings from reduced employee turnover. Furthermore, major Indian IT firms have secured multi-billion dollar IT services deals in recent months, bolstering their revenue prospects for the remainder of the year. As we enter the second half of the year, several factors shed light on why the Indian IT sector is displaying signs of reversal and the potential beginning of a rally.

Dalal Street. Not just today, but since the last 1-2 years, both foreign and domestic investors are increasingly betting on the domestic growth story and the potential that India holds to become a global powerhouse. A reflection of this can be seen in the performance of the S&P BSE Bharat 22 index, which has more than doubled in value in 3 years. In fact, the index hit a lifetime high of 6118.08 points on Friday. At a time when the sword of a recession was hanging over developed economies such as the US and Europe, India became the fastest growing economy in the world. The euphoria drove a whopping 28% rally in the Bharat 22 index on a year-to-date basis. “India continues to be one of the fastest-growing major economies in the World for the 3rd year in a row.

Tom Emmer, the Majority Whip of the U.S. House of Representatives, who has previously expressed concerns about the Securities Exchange Commission's (SEC) actions in the cryptocurrency industry, on Friday, Sep. 8, introduced a significant amendment that once more drew attention to the SEC's actions.

African Union as a permanent member, a powerful acknowledgement of Africa as its more than 50 countries seek a more important role on the global stage. US President Joe Biden called last year for the AU's permanent membership in the G20, saying it's been «a long time in coming.» Indian Prime Minister Narendra Modi has said the bloc was invited to join during the G20 summit his country is hosting this week. The African Union has advocated for full membership for seven years, spokesperson Ebba Kalondo said.

Joe Biden and Indian prime minister Narendra Modi are expected to announce the project as a part of the Partnership for Global Infrastructure Investment. The project, which is in line with president Biden's middle east strategy, will enhance connectivity, de-escalate conflict, and provide a counter for China's 'Belt and Road' initiative. This project, which will push commerce, energy trade, digital connectivity, high standards, will be executed in a transparent, non-coercive and sustainable way, Finer added.

Modi was identified as the leader of 'Bharat' at theG20 Summit that began on Saturday as he made his opening remarks at the beginning of the two-day meeting. The name card in front of Modi as he addressed the gathering at the Bharat Mandapam, the venue of the Summit, said 'Bharat'. The government has used 'Bharat', a name used in the Constitution for the country along with India, in several official G20 documents. A dinner invite sent to G20 delegates and other guests was addressed by the 'President of Bharat', a move which ignited a political row with opposition parties claiming the government is trying to drop 'India' from the country's name.

G20 partners will unveil ambitious plans Saturday to bolster trade between India, the Middle East and Europe, the United States said — a modern-day Spice Route that could more closely bind three regions that account for about a third of the global economy. Washington, Saudi Arabia, the EU, UAE and others will sign an agreement on the sidelines of the G20 summit to explore a railway and port project to augment trade flows between Europe and India, officials said.Track all the live updates here The agreement comes with Washington actively engaging with Riyadh, a major oil producer and security partner, as it encourages the kingdom to normalise ties with Israel. Jon Finer, US deputy national security advisor, said the announcement came after «months of careful diplomacy, quiet, careful diplomacy, bilaterally and in multilateral settings». Finer said the plan could include shipping and rail transportation projects to «enable the flow of commerce, energy and data from here in India across the Middle East to Europe». This project «has enormous potential» he said.

G20 Summit but has also lent its expertise in crafting serveware and cutlery for the dignitaries and heads of state attending the event. Renowned designer Arun Pabuwal, known for his exquisite serveware creations used by European royalty and former US Presidents Donald Trump and Barack Obama during their visits to India in 2010 and 2015, was enlisted by ITC to curate the G20 silverware collection. This collection, the result of rigorous planning, covers a wide range of possibilities and metal compositions, as well as extensive sampling, including kansa, before the final choice was chosen.

Joe Biden and his allies intend to unveil a proposal on Saturday that outlines a shipping route linking India to the Middle East and potentially extending to Europe. This development could have a significant impact on global trade and is set to be announced during the Group of 20 summit. As reported by AP, the suggested agreement for a shipping and railway transport corridor would encompass the United States, India, Saudi Arabia, the United Arab Emirates, the European Union, and additional G20 nations, as confirmed by Jon Finer, the deputy national security adviser to the president.

Buy or sell stocks: Despite weak trends from global market cues on rising China-US tension, Indian stock market finished higher on sixth day in a row. NSE Nifty gained 92 points and closed at 19,819 levels, registering best week in the last two months. BSE Sensex finished 33 points higher at 66,598 mark whereas Bank Nifty index ended 278 points up at 45,156 levels.

Taiwan will remain the world’s “indispensable and irreplaceable” source of the world’s most advanced microchips, the island’s US representative said, even as the Washington looks to ease its reliance on foreign partners for semiconductors.Hsiao Bi-Khim, the Taiwan government’s top emissary to the US, said Taiwan Semiconductor Manufacturing Co.’s move to build chip-making facilities in the US is an “important effort to further consolidate secure and stable supply chains.” At the same time, “we still see Taiwan as indispensable and irreplaceable,” Hsiao said in an interview on Bloomberg Television with Annmarie Hordern and Joe Mathieu. “It’s taken us decades to build the ecosystem that fosters the environment for very competitive production of semiconductor chips.” “As of now we don’t see anyone replacing that capacity that Taiwan has built over the years,” she said.TSMC, the world’s leading chipmaker, has committed to building a $12 billion facility in Arizona with the goal of making high-end semiconductors on American soil by late 2024.

heatwave was unprecedented and the most intense in the last 70 years, severely affecting millions of people in South Asia, according to new research from India. Such heatwaves are expected to increase in the near future, enhancing heat accumulation in the region and threatening food, water and energy security in the region, the study from institutes including IIT-Gandhinagar and IIT-Jodhpur, said. South Asia faced five continuous heatwave spells that lasted about 35 days during late February and April 2022, affecting a large part of the region. The heatwave lasted for a longer duration and had more spells than the historical heatwave events, compared to the historical heatwave events during 1950-2021, the study published in Environmental Research Letters said. Exceptional heating with more than 3.9 degrees Celsius rise in maximum temperature was experienced by majority region of South Asia, which includes countries such as Afghanistan, Pakistan, Bhutan, Nepal and Sri Lanka, along with India, the study found after analysing observational datasets from National Oceanic and Atmospheric Administration, US, and European Centre for Medium-Range Weather Forecasts Reanalysis version 5 (ERA5). The study projected an increase in frequency of mega heatwave, more severe than that of 2022, in a warming planet under all types of emissions scenario.

economic data from China and Europe, and a surge in U.S Treasury yields. According to LSEG data, investors withdrew a net $5.96 billion out of U.S. equity funds during the week, compared with about $4.42 billion worth net withdrawn the previous week. Data pointing to a slowdown in the services sector in China and Europe in August, stirring concerns about global economic growth. Meanwhile, U.S.

BNB, Cardano and Tron were trading with gains, while XRP, Dogecoin, Solana and Shiba Inu were trading with cuts. Meanwhile, the global cryptocurrency market cap was trading higher, around $1.04 trillion, rising 0.22% in the last 24 hours. «BTC’s price remained within a narrow range for another day, although for a very brief duration, BTC did trade below $25.5k and above $26k. The small dump and pump happened around the same time as the news broke out that a major tech investor Cathie Wood's ARK Invest applied for a spot Ethereum ETF in the US,» Shubham Hudda, Senior Manager at CoinSwitch Markets Desk, said. The total volume in DeFi is currently $2.07 billion, 7.87% of the total crypto market 24-hour volume. The volume of all stablecoins is now $25.1 billion, which is 95.46% of the total crypto market 24-hour volume.

Morocco Earthquake LIVE news: A powerful earthquake that struck Morocco late Friday night killed at least 296 people, the country's Interior Ministry said. Moroccans posted videos showing buildings reduced to rubble and dust and parts of the famous red walls that surround the old city in historic Marrakech, a UNESCO World Heritage site, damaged.