Cooper Financial News

NEW DELHI (Reuters) — Leaders of the world's richest and most powerful countries will attend the two-day G20 Summit in India's capital New Delhi starting September 9.

By Martin Quin Pollard, Laurie Chen and Liz Lee

By Amanda Cooper

In a surprising turn of events, Chinese President Xi Jinping has opted not to attend the upcoming Group of 20 (G20) summit in India. This decision, which follows his recent participation in the BRICS summit in South Africa, raises significant questions about the G20’s status as the premier global leadership forum.

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SkyCity Entertainment, the ASX-listed owner of the Adelaide casino, could temporarily lose its licence to operate in New Zealand after it allegedly broke gambling harm minimisation rules.

Narendra Modi and US President Joe Biden will discuss possible steps to overcome differences on civil nuclear issues when they meet in New Delhi on September 8, according to people familiar with the matter, as India's nuclear liability law remains a concern for the American nuclear industry since the nuclear deal was signed in October 2008. The American side is exploring options on how to work with India's nuclear liability law, said the people. During Prime Minister Modi's visit to the US in June, both sides underscored the important role nuclear energy plays in global decarbonisation efforts and affirmed nuclear energy as a necessary resource to meet climate, energy transition and energy security needs. The leaders noted ongoing negotiations between the Nuclear Power Corporation of India Limited and Westinghouse Electric Company for the construction of six nuclear reactors in India. «They welcomed intensified consultations between the U.S.

Prime Minister: For a long time in world history, India was one of the top economies of the world. Later, due to the impact of colonization of various kinds, our global footprint was reduced. But now, India is again on the rise.

By Francesco Guarascio

North Korea conducted a simulated tactical nuclear attack drill that included two long-range cruise missiles in an exercise to «warn enemies» the country would be prepared in case of nuclear war, the KCNA state news agency said on Sunday. KCNA said the drill was successfully carried out on Saturday and two cruise missiles carrying mock nuclear warheads were fired towards the West Sea of the Korean peninsula and flew 1,500 km (930 miles) at a preset altitude of 150 meters. Pyongyang also said it would bolster its military deterrence against the United States and South Korea. South Korea's military said the claim of success could be an exaggeration as «not all of them succeeded,» Seoul's Yonhap News reported, citing a senior official at the Joint Chiefs of Staff. KCNA also reportd that North Korean leader Kim Jong Un visited Pukjung Machine Complex, which produces marine engines, and a munitions factory to stress the importance of strengthening Pyongyang's naval forces. «He affirmed that a future plenary meeting of the Central Committee of the WPK (Worker's Party of Korea) would set forth an important modernization of the complex and the development direction of the shipbuilding industry,» a KCNA statement said. It did not specify the date of his visit. The latest missile test came just after the joint annual exercises between South Korea and the United States, known as Ulchi Freedom Shield, came to a close on Thursday. It featured air drills with B-1B bombers. North Korea has been stepping up its military deterrence against Washington and Seoul and has criticized last month's summit agreement between the two on improving military cooperations. KCNA said on Aug.

Modi has said while seeking global cooperation to deal with cybercrimes. In an exclusive interview with PTI, he said the World Bank has estimated that cyber attacks could have caused losses of around USD 5.2 trillion to the world during 2019-2023, but their impact goes beyond just financial aspects into activities that are deeply worrying.Read the full interview here He said these can have social and geopolitical implications. «Cyber terrorism, online radicalisation, use of networked platforms to move funds from money laundering to drugs and terrorism — are just the tip of the iceberg,» he said. Modi said cyberspace has introduced an entirely new dimension to the battle against illicit financial activities and terrorism. «Terrorist organisations are using technology for radicalisation, moving money from money laundering and drugs into terror funding, and capitalising on emerging digital avenues such as the dark net, metaverse, and cryptocurrency platforms to fulfil their nefarious aims,» he said. Stressing the need for taking the cyber threats very seriously, the prime minister said one angle of their adverse impact is the financial losses they cause. Further, he said, cyber attacks can also have implications for the social fabric of nations. Modi said the spread of 'deep fakes' can cause chaos and loss of credibility of news sources.

Indian Air Force aircraft performed air-to-air refuelling of Egyptian Air Force Aircraft on Sunday. The IAF IL-78 air-to-air refuelling aircraft took part in the ongoing Bright Star-23 Exercise in Egypt. Sharing the photos of the air-to-air refuelling on X, formerly Twitter, IAF said, “Showcasing the bonds of friendship in the skies over Egypt during Exercise Bright Star, where the Indian Air Force IL-78 air-to-air refuelling aircraft refuelled aircraft from the Egyptian Air Force".

Narendra Modi will visit Indonesia's capital Jakarta on September 6 and 7 to attend the ASEAN-India and East Asia summits, said the Ministry of External Affairs in an official statement on Saturday. Shoring up India's trade and security ties with the 10-nation Association of Southeast Asian Nations (ASEAN) is likely to be the focus of Modi's engagement with leaders of the bloc, according to PTI reports.

G20 Summit 2023. For the first time in history, India has become the host the the Group of 20 Nations (popularly known as G20).

Also Read: North Korea fires missiles after failed satellite launch: State Media "He affirmed that a future plenary meeting of the Central Committee of the WPK (Worker's Party of Korea) would set forth an important modernization of the complex and the development direction of the shipbuilding industry," the KCNA statement said. The statement did not specify the date of his visit.

excise policy (old) currently under operation since September 1, 2022, was brought by the Delhi government after its ambitious new excise policy for 2021-22 came under the CBI scanner for alleged irregularities in its implementation. The total excise revenue collection from September 1, 2022, to August 31, 2023, was Rs 7,285.15 crore, including Rs 2,013.44 crore collected as value-added tax (VAT), said an Excise Department officer. In comparison, the revenue collection from the new excise policy was Rs 5,487.58 crore in 2021-22. The new excise policy, under which private parties were involved in retail liquor sales, was withdrawn by the Delhi government last year after LG VK Saxena recommended a CBI probe into alleged irregularities in its implementation, officials said. The then deputy CM and Excise Minister Manish Sisodia was arrested by the CBI in a case registered by it in the alleged irregularities in the excise policy 2021-22.

HONG KONG—A new Cold War-style competition has put the moon back at the center of global space ambitions, but the U.S. has a new chief rival. More nations and companies are venturing into space, crowding the calendar with planned robotic landings for lunar research.

External Affairs Ministry said on Saturday.PM Modi will be in Jakarta at the invitation of the President of Indonesia, Joko Widodo. The Prime Minister's visit to Indonesia comes ahead of the G20 Summit to be held in New Delhi on September 9-10 under India's Presidency this year. Indonesia is part of the G20 'troika' as it had the presidency of the grouping last year. The forthcoming ASEAN-India Summit will be the first Summit since the elevation of ties between India and the Association of South East Asian Nations bloc of countries to a Comprehensive Strategic Partnership in 2022. The foreign ministry said that the the Summit will review the progress of India-ASEAN relations and chart the future direction of cooperation. According to a statement, the East Asia Summit would provide an opportunity for leaders of ASEAN countries and its eight dialogue partners, including India, to exchange views on issues of regional and global significance. In August, ASEAN-India Economic Ministers met in Indonesia and the main agenda of this year's meeting was the timely review of the ASEAN-India Trade in Goods Agreement (AITIGA) which was signed in 2009. A joint committee agreed to a regular, quarterly schedule of negotiations, which would conclude the review of the ASEAN-India FTA in 2025. In 2018, Prime Minister Narendra Modi visited Jakarta at the invitation of Indonesian President Widodo.