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The Czech Defense Ministry says it's planning to buy 14 Leopard 2A4 tanks from Germany in a deal worth about $167 million

Karnataka government on Wednesday signed a memorandum of understanding (MoU) with the Defence Research and Development Organisation (DRDO) to support defence startups. The partnership will promote cooperation with defence startups and grant them access to DRDO’s testing facilities. Director General for Electronics & Communication System at DRDO, BK Das on the sidelines of signing the MoU, said the organisation will offer all its testing facilities to startups, MSMEs and industries. «The other thing we will do is handhold the startups and act as mentors in terms of growing this business. We will also organise a visit to DRDO facilities for the startups,» he said. During his session, Das said India is transforming into a global superpower in defence technologies which will be a $138 billion opportunity in the next years.

Subscribe to enjoy similar stories. VIENNA—Iran sharply increased its stockpile of nearly weapons-grade uranium amid its confrontation with Israel, according to the United Nations atomic-energy agency, in a challenge to the incoming Trump administration. Iran’s decision to expand its stockpiles of nuclear fuel and its failure to fully cooperate with the International Atomic Energy Agency, the IAEA, which monitors Tehran’s work, is set to trigger fresh diplomatic pressure from Europe.

Subscribe to enjoy similar stories. RIO DE JANEIRO—When Brazilian President Luiz Inácio “Lula" da Silva called for “more multilateralism" at the opening of the Group of 20 nations summit on Monday, the remark appeared aimed at someone who wasn’t in the room: Donald Trump. Many leaders from Europe, Asia, Latin America and Africa at the G-20 summit and the Asia-Pacific Economic Cooperation meeting in Peru last week made clear their alarm at prospects for a sharp U.S.

India and Australia sealed an ambitious renewable energy partnership and set their eyes on a comprehensive economic cooperation agreement as Prime Minister Narendra Modi and his Australian counterpart Anthony Albanese vowed to significantly ramp up overall bilateral ties. A raft of issues including ways to boost ties in areas of defence and security ties, mobility, science and technology and education figured prominently at the second India-Australia annual conclave held on the sidelines of the G20 summit late on Tuesday. The two leaders also looked forward to a long-term vision of defence and security collaboration to enhance collective strength, contribute to both countries' security, and make an important contribution to regional peace and security, according to a joint statement. The Renewable Energy Partnership (REP) would provide the framework for practical cooperation in priority areas such as solar energy, green hydrogen, energy storage, investments in related projects and allied areas.

Abhyudaya Cooperative Bank board for another year till November 24, 2025 and asked Satya Prakash Pathak to continue as the administrator of the bank. Earlier, the regulator superseded the board on November 24, 2023 for a year due to material concerns arising from poor governance standards observed within the bank. RBI on Monday said that the extension of the deadline beyond the close of business on November 23, 2024 was necessary in public interest.

Canada Post employees are on strike and calls emerge to exclude Mexico from upcoming trade talks.While question period has continued, other house business is on hold due to a Conservative privilege motion calling on the government to turn over unredacted documents on a green technology fund.Prime Minister Justin Trudeau and some members of his cabinet are not in Ottawa for the first half of the week, as they attend the G20 meeting in Rio de Janeiro, Brazil.At the Asia-Pacific Economic Cooperation meeting in Lima, Peru this weekend, Foreign Affairs Minister Melanie Joly said many nations have been approaching Canada on how to work with the incoming Donald Trump administration in the United States.The Canada-U.S.-Mexico free trade agreement signed during the first Trump presidency is up for review in 2026, and the premiers of Ontario and Alberta say Canada should oust Mexico from the deal over not matching Canadian and American tariffs on imports like electric vehicles.

«China stands ready to work with India to deliver on the important common understandings between the leaders of the two countries, step up communication and cooperation and enhance strategic mutual trust,» he said, adding that he has no information on the specifics of the meeting of the leaders and officials. At their Kazan meeting, the two leaders endorsed the India-China agreement on patrolling and disengagement along the Line of Actual Control (LAC) in eastern Ladakh and issued directions to revive various bilateral dialogue mechanisms, signalling attempts to normalise ties that were hit by a deadly military clash in 2020.

Chennai-Vladivostok maritime corridor, which is likely to boost maritime ties between India and Russia, is operational now, and container ships carrying crude oil, metal and textile have started coming to Indian ports, Union Minister Sarbananda Sonowal said on Monday. The Chennai-Vladivostok sea route will cover a distance of about 5,600 nautical miles. «The Eastern Maritime Corridor between Vladivostok and Chennai is operational now. Container ships carrying crude oil, metal and textile have started coming to Indian ports,» Sonowal told reporters here. The Eastern Maritime Corridor is estimated to reduce the time required to transport cargo between the Indian and Russian Ports of the Far East Region by up to 16 days. The time taken will come down to 24 days compared to more than 40 that it currently takes to transport goods from India to Far East Russia via Europe.

IMEEC represents a breakthrough in India-Europe trade relations, creating an efficient, streamlined corridor that enhances speed, reduces costs, and increases trade reliability. This project is more than infrastructure; it’s a vision of growth and cooperation that opens up endless possibilities for industries, technology, and innovation between the two continents, connecting the Indo-Pacific and the Mediterranean area, Marco Dreosto is a Senator of the Italian Republic and secretary of the Permanent Commission for Defence and Foreign affairs told ET’s Dipanjan Roy Chaudhury ahead of proposed meeting between the PMs of India and Italy on G20 Summit sidelines. 1. What are prospects of India-Italian partnership in IMEC Historically, Italy and India have been connected for thousands of years; we share an ancient trade heritage that dates back to the Roman Empire, proven by Roman coins discovered in Indian lands. Today, we have the chance to revive and strengthen these bonds through IMEC. The Italian government has repeatedly underscored the strategic importance of this corridor, seeing it as a project that can redefine global trade routes. This isn’t just a trade route; it’s a chance to deepen a partnership rooted in shared history and geared toward a prosperous future.

Subscribe to enjoy similar stories. There is an old ditty that India’s struggle with inflation brings to mind: For want of a nail the shoe was lost / For want of a shoe the horse was lost / For want of a horse the rider was lost / For want of a rider the message was lost / For want of a message the battle was lost / For want of a battle the kingdom was lost / And all for the want of a horseshoe nail. It illuminates the country’s plight, with its central bank constrained by high inflation from easing interest rates in response to signs of a slowing economy. Inflation is high because vegetable prices are high, onion and tomatoes leading the charge.

Russia’s war on Ukraine if the alliance between Pyongyang and Moscow continues to deepen, according to people familiar with assessments made by some Group of 20 nations. The analysis is one of several on the evolving partnership between Russian President Vladimir Putin and North Korean leader Kim Jong Un, said the people, speaking on condition of anonymity to talk about private discussions. They stressed that such a move wasn’t imminent and that military support at that scale — if it occurred — would likely happen in batches with troops rotating over time rather than in a single deployment. Ukraine’s ambassador to South Korea made a similar assessment earlier this month. Dmytro Ponomarenko said in an interview with VOA that Kyiv expected up to 15,000 North Korean troops deployed to fight in Russia’s Kursk region – and possibly in occupied areas of eastern Ukraine – to rotate every few months.

contemporary art world, it carries a price tag of up to $1.5 million. Maurizio Cattelan’s conceptual artwork, titled Comedian, is set to go under the hammer at Sotheby’s in New York on November 20, with an estimated value between $1 million and $1.5 million. First introduced in 2019 at the Art Basel Miami Beach fair, Comedian quickly became a cultural sensation. The piece featured a fresh banana taped to a wall with silver duct tape. Its absurdity, coupled with its hefty price, sparked debates on art, value, and consumerism. Three editions of the artwork sold for $120,000 to $150,000 each at the fair, despite one banana being eaten by another artist during the event. More Than a Fruit

Donald Trump's imminent return to the US presidency looming over the Asia-Pacific Economic Cooperation (APEC) summit in Lima, Chinese President Xi Jinping said on Friday that unilateralism and protectionism needed to be rejected in favour of economic globalisation. Xi's critique of protectionism at APEC offers a preview of how China will seek to position itself once Trump takes office in January. Trump has pledged to impose tariffs on Chinese imports in excess of 60% but Beijing and Chinese companies are hoping that his protectionist policies will also irk US allies in Europe and Asia — giving China an opening to increase its global influence and improve trade ties. In a speech read out to business executives by Chinese commerce minister Wang Wentao on Friday at the APEC CEO Summit, Xi said that economic globalisation was facing «countercurrents», without specifying any particular country or leader.

Joe Biden met with Chinese President Xi Jinping for the last time in Peru on Saturday, The Hill reported. Biden met with Xi on the sidelines of the Asia-Pacific Economic Cooperation summit in Peru on Saturday. As per The Hill, during the meeting, Xi said that China is «ready to work» with the new Donald Trump administration and emphasised maintaining communication, expanding cooperation and managing differences.

After two days of meetings in Lima that rarely ventured beyond platitudes in discussing the strategies of the region’s major economies, the Asia-Pacific Economic Cooperation forum wraps up with a spirit of detente that many fear the annual summit may n...

Kim Jong Un has ordered the mass production of suicide drones, also known as loitering munitions, after overseeing a test of the weapon earlier this year. State media reported that Kim emphasized the need to establish a serial production system for these drones, reflecting North Korea's growing focus on enhancing its military capabilities, as mentioned in a report by NBC.

In his departure statement ahead of his visit, PM Modi stated that he would be first visiting Nigeria at the invitation of President Bola Ahmed Tinubu with a focus on reinforcing the strategic partnership between the two nations. The Prime Minister will also be meeting with the Indian community in Nigeria during his visit. He will be there in the African nation from November 16 to 17. «At the invitation of H.E. President Bola Ahmed Tinubu, this will be my first visit to Nigeria, which is our close partner in the West African region. My visit will be an opportunity to build upon our Strategic Partnership that is based on shared belief in democracy and pluralism. I am also eagerly looking forward to meeting the Indian community and friends from Nigeria who have sent me warm welcome messages in Hindi,» the statement read.

regional cross-border connectivity, Union minister Manohar Lal jointly inaugurated electricity transmission from Nepal to Bangladesh, along with Bangladesh power adviser Md Fouzul Kabir Khan and Nepal power minister Dipak Khadka through a virtual event. This historic occasion marks the first trilateral power transaction, which has been carried out through the Indian grid. New Delhi had announced its decision to facilitate the first trilateral power transaction from Nepal to Bangladesh through the Indian grid, with an export of up to 40 MW of power during the visit of the then prime minister of Nepal, Pushpa Kamal Dahal 'Prachanda', to India in 2023.

Leaders of Pacific Rim countries including the U.S. and China have gathered in Peru for an Asia-Pacific Economic Cooperation meeting, the first major global summit since U.S. President-elect Donald Trump’s election victory

Philip Green, who paid a courtesy visit to Agriculture Secretary Devesh Chaturvedi on Thursday, discussed new opportunities for collaboration in agriculture and allied sectors. Highlighting the importance of agriculture in Australia's priorities, Green expressed «keen interest in exploring opportunities within the agri-tech sector». He also stressed the need for continued engagement to identify and unlock new opportunities for trade and cooperation.