Country Financial News
09.09 / 16:35
Cooper
Progressive
country
G20 Summit: India, US, Brazil, and South Africa issue joint statement; reaffirm shared commitments
ALSO READ: G20 Summit 2023 LIVE Updates Adding more, the statement said, "As the G20’s current and next three Presidencies, we will build on the historic progress of India’s G20 Presidency to address global challenges. In this spirit, together with the World Bank President, we welcome the G20’s commitment to build better, bigger, and more effective multilateral development banks.
09.09 / 15:39
country
G20 Summit going well: Biden on Xi's absence
Joe Biden on Saturday said it would have been nice to have China's President Xi Jinping at the G20 Summit, but it was «going well».
09.09 / 15:39
CEO
Action
stage
country
G20 declaration a welcome call for comprehensive, diverse actions for global community: Mahindra Gr MD & CEO Anish Shah
G20 declaration is a welcome call for comprehensive and diverse actions for the global community in the context of several complex challenges facing the world, Mahindra Group Managing Director and CEO Anish Shah said on Saturday. The declaration «marks a fitting culmination of not just India's energetic presidency but also its enhanced standing on the global stage that deftly steered the G20 presidency towards consensus within its diverse membership», he said in a statement.
09.09 / 15:39
country
President Droupadi Murmu, PM Narendra Modi welcome G20 leaders, delegates at grand dinner
Droupadi Murmu and Prime Minister Narendra Modi on Saturday welcomed G20 leaders and delegates at a grand dinner hosted for them at Bharat Mandapam, the venue for the Summit, here. They welcomed the guests before the start of the dinner at a dais, with its backdrop depicting the ruins of the Nalanda University in Bihar and India's G20 presidency theme — 'Vasudhaiva Kutumbakam — One Earth, One Family, One Future'. Nalanda university ruins, a UNESCO world heritage site in Bihar, was one of the oldest universities of the world. President Murmu is hosting the ceremonial dinner for the G20 leaders, international delegates and other dignitaries at the Bharat Mandapam. The newly built international convention and exhibition centre and its verdant lawns dazzled at night with colourful illumination while its gurgling fountains and the 'Nataraja' statue placed on front of the state-of-the-art building created a pretty picture. UN Secretary General Antonio Guterres, International Monetary Fund (IMF) Managing Director and Chairman Kristalina Georgieva, dressed in Indian traditional attire Salwar Kurta, World Bank President Ajay Banga and his wife Ritu Banga and Bangladesh Prime Minister Sheikh Hasina were among the first to arrive at the newly built convention centre in Pragati Maidan. In a significant milestone under India's G20 presidency, the 55-member African Union on Saturday became a new permanent member of the grouping of the largest economies of the world.
09.09 / 15:37
Facebook
Citi
Citizens
Southern
country
Powerful ethnic militia in Myanmar repatriates 1,200 Chinese suspected of involvement in cybercrime
An official says that one of Myanmar’s biggest and most powerful ethnic minority militias has arrested and repatriated more than 1,200 Chinese nationals allegedly involved in criminal online scam operations
09.09 / 14:49
09.09 / 14:49
Provident
country
Nagorno-Karabakh
Separatist parliament in Azerbaijan's breakaway Nagorno-Karabakh region elects new president
Lawmakers in a breakaway Armenian-populated region of Azerbaijan have elected a new separatist president in a move that was strongly condemned by the Azerbaijani authorities
09.09 / 14:23
UPS
Citi
BLOCK
Digital
track
country
social
India 'walked the talk' under G20 presidency, says Sitharaman
Nirmala Sitharaman, said on Saturday. The key achievements of the finance track under the Indian G20 presidency include a plan to strengthen the Multilateral Development Banks (MDBs) to address shared challenges, laying down the building blocks for a globally coordinated policy and regulatory framework for crypto assets, gaining financial inclusion and productivity gains through digital public infrastructure, debt resolution for lower and middle-income countries, and financing cities of tomorrow, among others, the finance minister said.
09.09 / 14:21
Digital
Cooper
Progressive
Platform
Corning
country
G20 leaders reach consensus on all issues
greenhouse gas emission by 43% by 2030, and doubling provision of adapting finance by 2025, besides the global biofuel alliance. External affairs minister S Jaishankar noted the push by emerging markets’ towards reaching a consensus on Russia-Ukraine after several rounds of discussions and negotiations, but said that all countries had agreed on the issue that was leading to consequences for the global economy.
09.09 / 14:21
UPS
Target
Aviat
Platform
Strategy
country
PM Modi launches Global Biofuels Alliance
Narendra Modi on Saturday announced the launch of the Global Biofuels Alliance. A total of 19 countries and 12 international organizations have so far agreed to join the alliance, including both G20 members and non-member countries. India, Brazil and the US are the founding members of the alliance.
09.09 / 14:21
Twitter
Booking
Action
Entertainment
film
love
country
open
Work from 'Theatres' or 'Home'? Shah Rukh's 'Jawan' fever pulls Bengaluru WFH employee to open laptop during screening
ALSO READ: Jawan Box Office collection: ₹200 crore in just 3 days; SRK’s movie sells over 11 lakh tickets in booking The image, shared by a Twitter (now X) user, showcases a person working on their laptop in a darkened movie theatre during a screening of Jawan. The picture was taken by Neelangana Noopur who said it was taken at Inox Bengaluru and labelled it a ‘Peak Bengaluru’ moment. While sharing the pic, she wrote, “When Jawan first day is important but life is peak Bengaluru.
09.09 / 14:13
Lowe's
BLOCK
Manufacturing
Remark
Amicus
country
Supreme Court to decide fate of Mifepristone: A deep dive into Texas abortion medication lawsuit
mifepristone, a drug developed by Danco Laboratories, and the subject of a contentious legal battle that could shape the future of abortion access in the United States. Here, we delve into the critical aspects of mifepristone, its role in medication abortions, and the ongoing legal debate surrounding it.
09.09 / 14:13
UPS
Cooper
Maxim
Progressive
country
voice
G20 leaders ask MDBs to leverage private capital to make maximum development impact
G20 leaders on Saturday asked the financial institutions to leverage private capital through innovative financing models and new partnerships to make maximum development impact.It also endorsed the roadmap for implementing the recommendations of the G20 Independent Review of MDBs Capital Adequacy Frameworks (CAFs) and called for its ambitious implementation, within MDBs' own governance frameworks while safeguarding their long-term financial sustainability, robust credit ratings and preferred creditor status.. «We also call for a regular review of the progress of implementation on a rolling basis including through engaging with MDBs, subject experts and shareholders. We commend the MDBs for their progress in implementing the CAF recommendations, especially with respect to adapting definitions of risk appetite and financial innovation,» the G20 New Delhi Leaders' Declaration said.Also Read: G20 Summit News Updates: India announces mega rail, port connectivity deal with US, UAE, Saudi Arabia Committing to pursue reforms for better, bigger and more effective MDBs to address global challenges to maximise developmental impact, G20 leaders urged these institutions to undertake comprehensive efforts to evolve their vision, incentive structures, operational approaches and financial capacities so that they are better equipped to maximize their impact in addressing a wide range of global challenges.
09.09 / 13:59
FIVE
Digital
Action
Mobile
Enterprise
country
WTO
reform
G20 Delhi Declaration: WTO reform, discouraging protectionism, mutually supportive trade and green policies
G20 Summit on Saturday reiterated their commitment towards reform of the World Trade Organization (WTO), dispute settlement and that trade and environment policies should be mutually supportive consistent with global trade rules and multilateral environmental agreements. In the New Delhi Leaders’ Declaration, the grouping- which added the African Union as its new permanent member- emphasised on avoiding discriminatory green economic policies. “We renew our commitment to ensure a level-playing field and fair competition by discouraging protectionism and market distorting practices, to foster a favourable trade and investment environment for all,” the bloc said, highlighting its commitment to 'positive outcomes at the WTO’s Thirteenth Ministerial Conference (MC13).' The 37-page declaration has the trade and investment agenda in a subhead titled 'Unlocking Trade for Growth.' “We affirm that a rules-based, non-discriminatory, fair, open, inclusive, equitable, sustainable and transparent multilateral trading system, with WTO at its core, is indispensable,” they said.
09.09 / 13:59
MET
Cooper
Landmark
country
Sunak
Modi, Sunak agree to 'work at pace' towards FTA at G20 bilateral meet
Narendra Modi and his British counterpart Rishi Sunak on Saturday agreed to continue to work at pace towards a «landmark» free trade agreement (FTA) during their bilateral meeting on the margins of the G20 Leaders' Summit in New Delhi. A readout from 10 Downing Street of the meeting said that cooperation in the field of defence technology, innovation and some consular issues were among the topics on the agenda of the meeting. Prime Minister Modi is also said to have highlighted the «warm reception» that Sunak has received during his first visit to India as British Prime Minister. «The leaders had a productive conversation about negotiations on a UK-India Free Trade Agreement,» a Downing Street spokesperson said. «The Prime Minister [Sunak] reiterated the UK's ambition to deliver a landmark trade deal which benefits businesses and workers in both countries and grows our trade in both goods and services. They agreed that ministers and negotiating teams would continue to work at pace towards an FTA,» the spokesperson said. Sunak, who arrived here on Friday, held talks with Modi after the first session of the G20 Summit. Earlier, Sunak greeted Modi with a namaste as the latter received him at the venue.
09.09 / 13:59
UPS
Pool
ICE
track
country
A summitry cheat sheet: How leaders connect and talk the talk at global summits
G20 Summit, it's a meeting marathon for Prime MInister Narendra Modi as every guest leader wants to talk to the host. During the summit, PM Modi is holding 15 bilateral meetings with other heads of states. But summit conferences are not just about bilateral meetings.
09.09 / 13:59
Provident
Cooper
Action
Enterprise
country
PM Modi calls for global effort on climate change, green finance at G20 Summit
Narendra Modi on Saturday emphasised the pressing need for global cooperation to combat climate change and fund the transition to sustainable energy systems. Speaking at the G20 Leaders' Summit's first session, Modi underscored the monumental financial requirements for an inclusive energy transition in the 21st century world to tackle climate change. «Keeping in mind the challenge of climate change, energy transition is a significant need of the 21st century world.
09.09 / 13:59
Lowe's
Target
Digital
Enterprise
country
clean energy
G20 leaders for inclusive growth, flag $4 trillion a year needed for clean energy tech
G20 leaders on Saturday called for a strong, sustainable, and inclusive growth as an answer to the uneven recovery the world has seen from the pandemic-infused plunder, and flagged trillions of dollar that countries would need to meet their climate goals and clean energy technologies. The New Delhi Declaration adopted at the Summit of leaders of the world's top 20 economies held under India's presidency also called for reforming of international financial institutions, managing debt vulnerabilities of low and middle-income countries and the start of exchange of tax-relevant information on crypto assets by 2027. The declaration called for accelerating efforts to phase down unabated coal power, phase-out of inefficient fossil fuel subsidies and low-cost financing for energy transition of developing countries. While developing countries need USD 5.8-5.9 trillion in the pre-2030 period for their climate goals, the world would need another USD 4 trillion per annum investment by 2030 to help reach net-zero carbon emission goal by 2050. Stating that cascading crises have posed challenges to long-term growth, the declaration called for well calibrated macroeconomic and structural policies to counter the challenge of an uneven recovery, and boost long-term growth.
09.09 / 13:47
UPS
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Digital
Cooper
Progressive
Action
country
G20 Summit: Full text of New Delhi G20 Leaders Declaration. Read here
the future of our people and our planet. It is with the philosophy of living in harmony with our surrounding ecosystem that we commit to concrete actions to address global challenges. 3.
09.09 / 13:47
Gap
country
India credits emerging economies for G20 breakthrough
Russia-Ukraine crisis, India worked very closely with Brazil, South Africa and Indonesia. I want to say that it was the emerging markets which played a very key role. There was very tough, very ruthless negotiations for several days non-stop," said India’s G20 Sherpa Amitabh Kant during a press briefing.
09.09 / 13:47
UPS
SUN
Manufacturing
country
G20 Declaration stresses on sustainable supply chain energy transition
semiconductors and technologies." Mint earlier reported that G20 summit may pass a marquee declaration to ensure energy and supply chain security including for critical minerals. The declaration also recognized the importance to accelerate the development, deployment and dissemination of technologies, and the adoption of policies, to transition towards low-emission energy systems, including by rapidly scaling up the deployment of clean power generation, including renewable energy, as well as energy efficiency measures, including accelerating efforts towards phasedown of unabated coal power, in line with national circumstances and recognizing the need for support towards just transitions.
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