Cooper Financial News

10.09 / 15:33
UPS Digital Cooper Mobile country recovery Countries need to pursue growth oriented structural reforms for faster economic recovery: IMF MD at G20 Summit
IMF Managing Director Kristalina Georgieva on Sunday said global recovery is slow and uneven and underscored the need to pursue sound policies for financial stability and growth-oriented structural reforms. Speaking at G20 Leaders' Summit here, Georgieva said, G20 members must lead by example in delivering on the promises of USD 100 billion per year for climate finance, supported by strengthening Multilateral Development Banks(MDBs). The International Monetary Fund (IMF) has secured over USD 40 billion to support vulnerable countries through its Resilience and Sustainability Trust (RST) to build climate resilience, she said. Countries also need to mobilize domestic resources to finance and manage the green transition through tax reforms, effective and efficient public spending, strong fiscal institutions, and deep local debt markets, she said. Observing that global recovery from the COVID-19 pandemic is slow and uneven, she said, all countries should pursue sound policies to support economic and financial stability and growth-oriented structural reforms against this background. This is especially important in emerging and developing countries, where such reforms can boost output by up to 8 per cent over 4 years, she said. «We also need to further invest in international cooperation.
10.09 / 15:33
Cooper Fighting country voice Several G20 leaders hail PM Modi's initiatives to combat climate change
Narendra Modi's initiatives to combat climate change, with Japanese Prime Minister Fumio Kishida praising him for the concept of "Mission LiFE", sources said. During the G20 meetings and sessions, several leaders lauded Modi's efforts to tackle climate change and extended support to his initiatives. «India's vision of 'One Earth, One Family, One Future' is a beacon, which infuses hope for humanity — with inclusivity, equity and prosperity for humanity that touches all of us.
10.09 / 15:21
UPS Cooper Action Mobile country IMF Chief Kristalina Georgieva hails India's G20 presidency, joint action on global challenges
G20 Summit had embraced India’s Presidency of "One Earth, One Family, One Future". “I am also very pleased that the G20 welcomed the African Union as a permanent member," she added. Georgieva hailed the New Delhi G20 Leaders Declaration and said all the G20 countries and their representative leaders conveyed a strong consensus for joint action to address global challenges.
10.09 / 14:33
Cooper Remark Continental country voice ‘India is a superpower, ahead of China now’: African Union chairperson
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.
10.09 / 14:33
FIVE Cooper Remark country After President Biden, now Turkiye's Erdogan backs India for permanent UNSC seat
G20 Summit on Sunday, the senior politician noted that the world was ‘larger than five’. The remarks came mere hours after US President Joe Biden reaffirmed his support for a reformed UNSC with India as a permanent member.
10.09 / 14:05
UPS Cooper Manufacturing country US and Vietnam set to expand ties as China worries grow
Joe Biden arrives in Vietnam on Sunday to deepen cooperation between the two nations, in the face of China's growing ambitions in the region. Biden — who is flying from the G20 summit in New Delhi — will meet the leader of Vietnam's ruling Communist Party, Nguyen Phu Trong, on Sunday, and is expected to sign off on a «comprehensive strategic partnership», Hanoi's highest level of diplomatic ties. The underlying goal of the short visit will be much the same as Biden's time at the G20 gathering — to shore up support against China's increasing influence. For Vietnam, the upgrading of diplomatic ties is significant.
10.09 / 14:05
UPS Cooper country No decision yet on quitting China's Belt and Road: Italy PM
China's Belt and Road investment plan, Italian Prime Minister Giorgia Meloni said Sunday, but doing so would not damage bilateral relations. «We have yet to make a decision,» Meloni told a press conference at the close of the G20 summit in New Delhi, a day after meeting for talks with Chinese Premier Li Qiang. Should Rome decide to quit, it «would not compromise relations» with China, Meloni said. Critics say the Belt and Road plan is a Trojan horse to increase China's influence and Meloni is under pressure to exit, but hopes to do so without inflaming tensions. The deal automatically renews in March 2024 unless Italy opts out by the end of this year. Meloni said the government was «evaluating the merits» of being part of the trillion-dollar investment scheme, which debt-ridden Italy joined in 2019. It is the only one of the group of leading developed democracies to have signed up. Italian Foreign Minister Antonio Tajani said earlier this month that the Belt and Road initiative «has not produced the results we were hoping for». The Italian PM is tipped to travel to Beijing for a state visit in the next few months, or at the start of next year, but would not be drawn on a possible date. «It makes more sense to go to China when we have more elements about our bilateral cooperation and how to develop it,» she said. Meloni's meeting with Li, their first face-to-face, came as a broad alliance of states at the G20 unveiled ambitious plans to create a modern-day Spice Route linking Europe, the Middle East and India, which signatories hope will offer a counterbalance to lavish Chinese infrastructure spending. Some analysts expect Meloni to pull out of Belt and Road while boosting other existing Italy-China accords. The meeting
10.09 / 14:03
UPS Cooper Progressive Extreme country PM Modi conveyed concerns about anti-India activities of extremists in Canada: MEA
Justin Trudeau on the sidelines of the G20 Summit and conveyed India's “strong concerns” about the continuing anti-India activities of extremist elements in Canada. A statement issued by the Ministry of External Affairs said, “They are promoting secessionism and inciting violence against Indian diplomats, damaging diplomtic premises, and threatening the Indian community in Canada and their places of worship.” It further added that the nexus of such forces with organized crime, drug syndicates and human trafficking should be a concern for Canada as well. “It is essential for the two countries to cooperate in dealing with such threats.”PM Modi also mentioned that a relationship based on mutual respect and trust is essential for the progress of India-Canada relationship. Meanwhile, Trudeau said that though his country will always defend the freedom of peaceful protest, at the same time, it will also push back against hatred. In a media interaction after meeting PM Modi after the conclusion of the G20 summit, Trudeau, in reply to a question on whether the issue of Khalistani extremists came up during the meeting, said: «Over the years, with PM Modi, we have had many conversations on these issues.” »Canada will always defend freedom of expression, freedom of conscience, and freedom of peaceful protest and it is extremely important to us.
10.09 / 13:35
Digital Cooper Progressive Manufacturing Platform country Modi, Macron reiterate their commitment to strengthen defence ties
Narendra Modi and French President Emmanuel Macron on Sunday held talks on the sidelines of the G20 Summit where the two leaders vowed to strengthen Indo-French defence ties through partnership in design, development and manufacture of advanced defence technologies and platforms including for third countries in the Indo-Pacific. «Both leaders reiterated their commitment to strengthen the defence cooperation through partnership in design, development, testing and manufacture of advanced defence technologies and platforms, and expand production in India, including for third countries in Indo-Pacific,» said a joint statement. «In this context, they also called for early finalisation of the Defence Industrial Roadmap,» it said. Thw two leaders emphasised the need to expand Indo-French collaboration to address regional and global challenges. The statement also said India and France welcomed African Union's membership to G20 and resolved look to work with AU for progress, prosperity and development of Africa.
10.09 / 13:11
MET Cooper Celebrity country US President US President Joe Biden attended private mass in Delhi church ahead of G20 Summit
US President Joe Biden wished to hold a private mass while in Delhi. “I received an invite from the US embassy asking me whether I can celebrate the Holy Eucharist for the President. They sought an appointment with me, met me personally at the clergy home, and they told me that it is a short service of 20 minutes.
10.09 / 13:03
Cooper Extreme Action Fighting country trudeau India is important partner of Canada: PM Justin Trudeau
Canada in a range of sectors including fighting climate change and creating economic growth, Canadian Prime Minister Justin Trudeau said on Sunday. His comments at a media briefing came shortly after he held talks with Prime Minister Narendra Modi on the sidelines of the G20 Summit. Asked about India's concerns over the increasing activities of the Khalistani elements in Canada, Trudeau said his country will always defend freedom of peaceful protest but at the same time asserted that it will always prevent violence and push back against hatred. He also said that the actions of the few do not represent the entire community or Canada. «India is an extraordinarily important economy in the world and an important partner to Canada on everything from fighting climate change to creating growth and prosperity for the citizens,» he said. The Canadian prime minister said both sides will continue to look at expansion of existing cooperation.
10.09 / 13:03
MET FIVE Cooper Pride country India, Turkiye to further cement trade, infrastructure ties
Narendra Modi on Sunday discussed strengthening trade and infrastructure relations with Turkiye President Recep Tayyip Erdogan. Modi met Erdogan on the sidelines of the G20 Leaders' Summit that concluded here on Sunday. «We talked about ways to further cement trade and infrastructure linkages between India and Turkiye,» Modi said on X. Addressing a press conference here, Erdogan expressed confidence in tapping the huge potential of cooperation between the two countries. «India is our greatest trade partner in South Asia.
10.09 / 11:45
UPS FIVE Cooper Remark country UNSC and other global infrastructure should reflect current realities: Modi
Narendra Modi on Sunday urged world leaders at the G20 leaders' summit to make global structure, including the UN Security Council, reflective of current realities. Speaking at a summit session, Modi staked a claim for India’s permanent membership at the UNSC and cautioned that individuals and institutions that do not adapt to change lose their relevance over time. The five permanent UN members with veto power in the organisation are the United States, the United Kingdom, France, Russia and China.
10.09 / 09:55
Cooper Remark show country Centre 'G20 now at centre of global governance': G20 Research Group
G20 Leaders' Summit in New Delhi has garnered widespread acclaim from global experts, with John Kirton, the Director of the G20 Research Group, hailing it as a «significant step forward in global governance.» Kirton's remarks come as the international community reflects on the summit's outcomes and implications for global diplomacy and cooperation. In an analysis of the New Delhi Declaration, Kirton emphasized that the G-20, representing the world's major economies, has taken on a pivotal role in shaping global governance. The declaration's breadth of coverage, spanning a wide spectrum of global issues, demonstrates the G20's growing influence and capacity to address multifaceted challenges. John Kirton said, «I think it is a significant step forward in global governance.
10.09 / 09:55
UPS MET Cooper stage social I will always remain committed to BJP: Amarinder Singh dismisses rumours of having met Sonia Gandhi
Bharatiya Janata Party (BJP) leader and two-time former Punjab Chief Minister, Captain Amarinder Singh on Saturday denied meeting Congress Parliamentary Party Chairperson Sonia Gandhi and termed it as «baseless rumours.» Singh said that the claims that are in circulation on social media are «baseless» and without an «iota of truth». He asserted that he was committed to the Bharatiya Janata Party, Prime Minister Narendra Modi, Home Minister Amit Shah, and Party President JP Nadda. «I have made up my mind forever and will always remain committed to the BJP. At such a stage, you don't look back», he said in a PRO release, adding that «it is the principle of my life that a decision once taken can never be taken back. Amarinder Singh left Congress a year ago and formed his own party, Punjab Lok Congress (PLC), which later merged with the BJP.
10.09 / 09:55
UPS MET Cooper Celebrity G20 Summit: Father Nicholas Dias conducts private mass for President Joe Biden during Delhi visit
Nicholas Dias, Secretary for Liturgy Commission for the Delhi Archdiocese, was contacted by the US Embassy in New Delhi. The purpose of this unexpected call was to request a private mass for President Joe Biden during his visit to Delhi. On a Saturday morning, Father Nicholas fulfilled this request by conducting a private service for the US President, setting the spiritual tone for President Biden's participation in the G20 deliberations in India. Father Nicholas shared, «I received an invite from the US embassy, who had my contact through embassy people whom I knew personally, asking me whether I can celebrate the Holy Eucharist for the President of America.
10.09 / 08:43
Cooper G20 Summit in India: PM Modi hands over G20 Presidency gavel to Brazil's President on final day
Narendra Modi called an end Sunday to the G20 summit in New Delhi by passing on a ceremonial gavel to Brazil, which will take the bloc's presidency, according to a report published by the news agency AFP. "I want to congratulate Brazil's president and my friend Lula da Silva, and hand over the presidency's gavel to him," the PM said. He offered best wishes to Brazil for the presidency.
10.09 / 08:15
UPS Cooper Platform Strategy country peace New Delhi G20 declaration major step forward in President Biden's efforts for peace in Ukraine conflict: Senior US official
New Delhi G20 declaration is a «major step forward in this effort», a senior US official said on Sunday. Principal Deputy National Security Advisor of the White House Jon Finer told the media on board Air Force One that the joint statement issued yesterday builds on the Bali G20 declaration and UN resolutions to send «an unprecedented unified statement on the imperative that Russia refrains from using force for territorial acquisition» and abide by UN charter. «The G20 Countries have signed up to the Bali language (declaration) last year and the vast majority of G20 countries have supported multiple UN resolutions that call out Russia's illegal aggression.
10.09 / 08:15
UPS Digital Cooper Progressive Platform voice vulnerability G20 Declaration: 12 commitments drafted to address global challenges spanning climate change to debt vulnerability
New Delhi leaders declaration is a significant shot in the arm for India's international heft as it managed to bring nations riven with differences on a single platform. Prime Minister Narendra Modi on Saturday had announced achieving consensus on the New Delhi Leaders Summit Declaration. «Have just got the good news that due to the hard work of our teams and your cooperation, a consensus has been reached on New Delhi G20 Leaders Summit Declaration,» Modi said while addressing the second session of the Summit at the Bharat Mandapam. «It is my proposal that this G20 declaration be adopted,» the prime minister said.
10.09 / 08:15
UPS Cooper Citizens Airlines Dreams country Cooperation Project connecting India to Europe via Middle East 'largest cooperation project' in history: Netanyahu
Netanyahu has described it as the «largest cooperation project in our history» that will «change the face of the Middle East, Israel, and will affect the entire world». The new economic corridor, which many see as an alternative to China's Belt and Road Initiative, was jointly announced on Saturday by the leaders of the US, India, Saudi Arabia, the United Arab Emirates, France, Germany, Italy and the European Union on the sidelines of the G20 summit in New Delhi. In a video message released late Saturday evening, Netanyahu said that Israel is at the focus of an unprecedented international project that will link infrastructure from Asia to Europe. «I welcome the statement that was released today by the United States, India, Saudi Arabia, the UAE and the European Union, as well as France, Italy and Germany,» Netanyahu said. «A good week to you, citizens of Israel.
10.09 / 07:49
Twitter MET Cooper Progressive Dreams track US President G20 Summit 2023: Key takeaways from US President Joe Biden's India visit
G20 Summit in India, US President Joe Biden on Sunday departed for Vietnam to expand ties between the two nations. Biden will meet Vietnamese General Secretary Nguyen Phu Trọng and other key leaders to discuss ways to further deepen cooperation between the two nations.

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