Continental Financial News

Diverting Mississippi River water to states struggling with water scarcity isn't a new idea

CALGARY — Alberta Investment Management Corp. (AIMCo) is opening its first Asian office, but the Edmonton-based fund manager says it will steer well clear of China to focus instead on markets with less geopolitical risk.

Also Read: India vs Pakistan Highlights, Asia Cup 2023 Updates: India secures biggest win against Pakistan by 228 runs The 31-year-old had sustained an injury during the lead-up to the Asia Cup, causing him to miss the tournament's group stage. His return to the playing XI was only possible because Shreyas Iyer encountered a similar issue during the warm-up session. KL Rahul, who had recovered from his injury, demonstrated his gratitude to the selectors by delivering an outstanding century in his return match against Pakistan.

Libyan officials are expressing grave concerns as thousands of people are feared dead due to the severe rain and flooding caused by Storm Daniel. In the city of Derna alone, over 2,000 reported deaths have occurred, with an additional 5,000 to 6,000 individuals still unaccounted for. However, the exact figures remain unverified by independent sources, and the origin of this data is unclear.

By Jamie McGeever

JOHANNESBURG—Walmart’s investment in Africa tanked. It is responding by doubling down. More than a decade ago, Walmart spent $2.4 billion to buy a controlling stake in South African retailer Massmart, which also had operations in a dozen other sub-Saharan countries.

trade deal. India’s ambassador in London, Vikram Doraiswami, went public recently to pacify UK’s anti-immigration lobbies (tied umbilically to the Rishi Sunak government) and to re-emphasize nuances in India’s demand for visas, intended to serve as a placatory gesture. Doraiswami’s statement raises concerns whether India is walking back from its stated position on movement of professionals, which is now part of the New Delhi G20 Declaration also, in its eagerness to conclude the trade deal.

Narendra Modi hugged him after formally inducting the African Union into the G20 family. The AU chairperson added that he thought there would be a debate before a decision is arrived to induct the African Union into the G20 family at but the AU was announced as part of the G20 family at the very outset of the two-day summit on Sunday. "I was about to cry.

New Delhi: India’s presidency of G20 or the Group of 20 has been able to bring all member countries to the table on the issue of war in Ukraine and brought to the fore the voice of the emerging markets as moderators, said foreign policy experts, highlighting the country's heritage as the voice of reason. The New Delhi Declaration issued on the first day of the two-day G20 Summit set the direction of future negotiations on important economic issues including climate financing which has for the first time put $5.9 trillion number to the green financing requirements for developing countries, reforms in multilateral banks, international taxation and sustainable development.

African Union (AU) Saturday formally took its seat as a new member of the G20 at the invitation of summit host Prime Minister Narendra Modi. In his inaugural address at the summit, Modi also expressed solidarity with Morocco as it grapples with the aftermath of a devastating earthquake and extended all the support that Rabat needs. In 2015, India had played a key role in Morocco's reinduction into the AU. The current chair of the 55-member AU is the Comoros President, who was greeted by Modi following the announcement.

The decision by the Group of 20 of the world’s leading economies to admit the African Union as a permanent member is a powerful acknowledgement of Africa as its more than 50 countries seek a more important role on the global stage

G20 Declaration embodies the 'One Family, One Earth, One Future' vision and inclusion of the African Union in the global economic forum grouping will greatly intensify partnership with the continent, B20 Chair N Chandrasekaran said on Saturday. The Declaration is also «a momentous milestone of our Presidency of the G20 under Prime Minister Narendra Modi», said Chandrasekaran, who is also the Executive Chairman of Tata Sons. «B20 India warmly welcomes the inclusion of the African Union in the G20 grouping.

«Well, I know at the outset I would say this has been an absolutely outstanding effort by the Indian Prime Minister, Modi ji, for having pulled together all the 20 countries, 20 members of G20, to vote on a consensus basis to include African Union as a permanent member of G20,» says Sunil Bharti Mittal, Chairman, Bharti Enterprises.It is history in making in India. G20, India's presidency, Vasudhaiva Kutumbakam, everything seems to be coming together. So, do you expect any breakthroughs and what kind of symbolic impact do you think this G20 summit will have on brand India?Well, I know at the outset I would say this has been an absolutely outstanding effort by the Indian Prime Minister, Modi ji, for having pulled together all the 20 countries, 20 members of G20, to vote on a consensus basis to include the African Union as a permanent member of G20. This has been a long-standing desire of the African continent, their aspirations, their needs and their attention to what is required to lift 1.4 billion people out of poverty have been on the forefront, but yet they never got a seat on the table.

G20 Summit towards resolving the ongoing Russia-Ukraine conflict, said Vincent Magwenya, spokesperson for the South African president, in New Delhi on Saturday. Magwenya also highlighted strong commitments received by South Africa from developed nations regarding climate change efforts. Speaking at the sidelines of the G20 leaders summit at the capital, Magwenya said the wording of the New Delhi Leaders’ Declaration of G20 is still being worked on.

Europe appears to be headed for a recession if it’s not there already, and matters are worse if you ask: Who will save it this time? Maybe Europe will have to fix itself. Previous dismal estimates for gross domestic product in the second quarter of the year were revised down to abysmal Thursday. The European Union had zero growth quarter-on-quarter, and 0.4% year-on-year.

Also Read: G20 Summit: PM Modi, Prez Biden hold bilateral talks; discuss technology, democracy Over the past few years, India has actively established itself as a prominent advocate, highlighting the issues, difficulties, and aspirations of the Global South, particularly the African continent. Prime Minister Modi has been at the forefront of these efforts, especially in advocating for the African Union's inclusion as a member of the G20.

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.

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.

The dynamic world of Bitcoin has been in the spotlight once again, experiencing both tumult and triumph. As of Friday, Bitcoin's price ascends to $26,289, marking a 1.5% hike. 

G20 Summit Delhi: The national capital has been decked up royally to welcome foreign delegates for the G20 summit. The G20 Leaders' Summit will be held on September 9-10 in the national capital, for which security has been tightened. The summit will be held at the newly inaugurated Bharat Mandapam, Pragati Maidan.

Argentina as they prepare to face Ecuador in CONMEBOL qualifiers this Thursday, September 8. Argentina, fresh off their World Cup victory, faces high expectations, especially with Lionel Messi performing exceptionally well for Inter Miami. With Messi's presence in Major League Soccer, the national team will also have Thiago Almada and Alan Velasco representing MLS. The expanded World Cup format for 2026 will see six South American teams qualify directly, providing Coach Lionel Scaloni with the opportunity to experiment with player rotations and assess talent that might not usually receive a chance.