Country Financial News
07.09 / 12:03
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Scholz calls for a broad pact to slash bureaucracy and modernize Germany
Chancellor Olaf Scholz has urged Germany’s opposition and regional governments to help slash a “thicket of bureaucracy” that slows down Europe’s biggest economy, as his government grapples with poor poll ratings and a reputation for internal strife hal...
07.09 / 12:03
Nov
country
CO2 pipeline project denied key permit in South Dakota; another seeks second chance in North Dakota
South Dakota regulators have denied a construction permit to a carbon dioxide pipeline project
07.09 / 12:03
COST
Landmark
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concert
War sanctions against Russia highlight growing divisions among the Group of 20 countries
Treasury Secretary Janet Yellen is facing growing skepticism from some leading rich and developing nations as the residual impact of sanctions against Russia is deepening divisions among the Group of 20 countries
07.09 / 12:03
07.09 / 12:03
COST
Citi
CEO
Morningstar
country
Warning
WeWork, shortly after warning about its future, seeks to renegotiate nearly all of its leases
WeWork says it will renegotiate nearly all of its leases, an announcement coming just weeks after the workspace-sharing provder sounded the alarm on its future ability to stay in business
07.09 / 11:47
UPS
Continental
country
voice
inclusion
China says it backs African Union's inclusion in G20
China on Thursday expressed its support for the inclusion of the African Union (AU) in the G20, saying it is the «first country to explicitly support» the inclusion of the African bloc in the grouping. In a recent interview with PTI, Prime Minister Narendra Modi said India backs the inclusion of the African Union as a full member of the Group of 20 largest economies as no plan for the future of the planet can be successful without the representation and recognition of all voices. «China is the first country to explicitly voice support for the AU's accession to G20,» Chinese Foreign Ministry spokesperson Mao Ning told a media briefing here while replying to a question about reports that AU will be admitted to G20 at the New Delhi summit to be held on September 9-10. «At the recent China-Africa leaders dialogue, President Xi Jinping once again stressed that China actively supports the full membership of AU in the G20,» said. Mao said China and AU are important partners in building high-level commentary with a shared future and safeguarding international equity and justice. «We support the AU in playing a bigger role in global governance,» she said. In the last few years, India has been positioning itself as a leading voice, flagging concerns, challenges and aspirations of the Global South or the developing nations, especially the African continent. Prime Minister Modi has been leading from the front on the issue of the African Union's membership of the G20.
07.09 / 11:47
UPS
Provident
love
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social
Bharat Jodo Yatra gave country hope for peaceful future: Ashok Gehlot
Ashok Gehlot on Thursday said that Congress leader Rahul Gandhi's Bharat Jodo Yatra «gave the country hope for a peaceful future» and «weaved a thread of love and unity.» Speaking on the first anniversary of the party's Kanyakumari to Kashmir Bharat Jodo Yatra, Gehlot said on 'X', «One year ago today, Rahul Gandhi took out the Bharat Jodo Yatra. What this yatra did for India was truly unique and transformative.» «It gave hope for a new peaceful future to a country battling divisive forces and weaved a thread of love and unity.
07.09 / 11:21
Aviat
Remark
country
social
Bharat-India row: 'There are forces who don't like..', says Congress' Pawan Khera
ALSO READ: After Udhayanidhi Stalin, DMK's A Raja calls Sanatana Dharma a social disgrace like HIV, leprosy He said, "The Indian National Congress has believed in 'Sarvdharm Sambhav' wherein nobody can treat any particular faith as less than any other faith. Congress does not believe in any of those comments (Udhayanidhi Stalin 'Sanatan Dharma' remarks)." Earlier in the day, Union Civil Aviation Minister Jyotiraditya Scindiatook a jibe at the INDIA alliance and said that it would take the country on the path of destruction.
07.09 / 11:21
Cooper
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Cooperation
PM Modi calls for rules-based global order to strengthen Asean-India cooperation
COVID-19 pandemic. His remarks come amidst growing concerns over China's assertive actions in territorial disputes, which were highlighted by Beijing's release of a controversial map claiming territories of other nations as part of China. India, Japan, Indonesia, Malaysia, the Philippines, Vietnam and Taiwan have protested against the Chinese map.
07.09 / 11:17
COST
UPS
country
New Zealand is looking for immigrants to fill skills shortages
New Zealand needs immigrants to fill skills shortages, Prime Minister Chris Hipkins said, indicating he won’t seek to actively curtail a record inflow of foreign workers if he wins next month’s election. “We are going to have to bring in skilled workers,” Hipkins said at the Bloomberg Address Wednesday in Auckland. “What we will focus on is making sure the immigration that we have is contributing to economic growth and isn’t being used as a substitute for it.” Hipkins, leader of the ruling Labour Party, said governments “can grow the economy just by putting people into it but that’s not going to raise our standard of living.” “We have to carefully consider our immigration settings all the way along to make sure it’s contributing to overall growth per capita,” he said. New Zealand is experiencing near-record net immigration after Hipkins tweaked policy to help solve a damaging worker shortage that was driving up wages and costs. The surge of arrivals has so far helped to calm pressures in the labor market without injecting fresh demand into housing that might trigger a fresh wave of inflation.
07.09 / 10:31
Art
country
social
Nations that altered their names and reasons behind it, as India contemplates rebranding to 'Bharat'
Narendra Modi government is considering changing India's sanctioned name to' Bharat' during a special session of Parliament latterly this month.Congress politician Jairam Ramesh stated that the Rashtrapati Bhawan had transferred out invites for the G20 regale this weekend in the name of the' President of Bharat' rather of the regular' President of India'. Meanwhile, other BJP politicians, including Assam Chief Minister Himanta Biswa Sarma and Union Minister Rajeev Chandrasekhar, have expressed support for renaming the country' Bharat'. This decision comes amid ongoing contestation following the conformation of an alliance nominated' INDIA' by further than two dozen opposition parties, which drew commination from the ruling BJP. The debate over calling India' Bharat' begs a closer examination of countries that have lately altered their sanctioned names. Here are 9 other nations that altered or changed their names and the reasoning behind it.Turkey to Turkiye: Turkey informed the United Nations in June 2022 of its want to be appertained to as" Turkiye" in all languages.
07.09 / 10:31
Fighting
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Latin
UN Secretary General "strong advocate" for UNSC permanent seat for India
Security Council, his spokesperson said on Thursday. «In terms of Security Council, the secretary general has been a strong advocate for Security Council reform to make it more reflective of the world that we live in today, as opposed to the world in 1945,» Stephane Dujarric, Spokesperson for the UN Secretary-General said. Dujarric was speaking on the sidelines of the ASEAN-India Summit and East Asia Summit in Jakarta, which was attended by Prime Minister Narendra Modi. Pitching for reforms at the United Nations Security Council, India has told the UN Security Council that there is a «need» for a council that better reflects the geographical and developmental diversity of the UN today. India's Permanent representative to the UN, Ruchira Kamboj, on Tuesday, said, «What we therefore need is a Security Council that better reflects the geographical and developmental diversity of the United Nations today.
07.09 / 10:31
Citi
Remark
Pride
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country
Top Congress leadership maintaining silence over denigration of Hindu faith: Ravi Shankar Prasad
BJP leader Ravi Shankar Prasad Thursday charged the Congress top leadership with maintaining «silence» over controversial remarks about Hindu faith made by some of its own leaders, besides Tamil Nadu ally DMK. Addressing a press conference here, Prasad, a former union minister asked whether «a decision was taken to denigrate Hindus» at the recently held meeting of the Congress-led coalition INDIA. «It is not for no reason that the coalition has been called ghamandia.
07.09 / 10:27
UPS
country
cover
Carbon tariffs risk ‘slip into protectionism’
The climate change expert conducting a review for the Albanese government into carbon leakage – the importation of products from countries which do not have strong carbon abatement policies – said a carbon tariff for imported goods could become a “slippery slope into protectionism”.
07.09 / 10:25
UPS
Cooper
country
Cooperation
Modi proposes 12-point cooperation plan with ASEAN countries
maritime safety and security as well as disaster management was another key focus of the Prime Minister’s proposal. India also invited ASEAN nations to join the India-led Coalition for Disaster Resilience Infrastructure.
07.09 / 10:25
Digital
Progressive
Gap
Enterprise
Forbes
country
G20 Summit 2023: Here's what will be discussed by World Leaders during the mega event
G20 Summit 2023 in Delhi will encompass discussions on a wide range of topics, reflecting the evolving global landscape and India's specific focus areas. The G20, also known as the Group of Twenty, is a forum comprised of 19 individual countries and the European Union. These member nations are major players in the global economy, collectively accounting for 85% of the world's economic output and conducting 75% of global trade.
07.09 / 10:17
Manufacturing
Action
country
Explainer
Mint Explainer: The trigger for DCGI alert on Abbott’s Digene, Takeda cancer jab
The Drugs Controller General of India (DCGI) is intensifying oversight to ensure safety and transparency. Recently, it issued advisories to discontinue the use of Abbott's Digene Gel, a popular antacid medication, and Takeda's Adcetris Injection for cancer treatment, citing safety concerns. Mint takes a closer look at the developments.
07.09 / 09:29
Progressive
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country
Explainer
end
Mint Explainer: Will India's G20 Presidency end without a joint declaration?
Mint takes a look at the issue. A joint declaration or a joint communique at the end of a formal summit is usually standard diplomatic practice. It seeks to show a unified front and some level of agreement on key issues.
07.09 / 09:15
Apple
Shell
country
India removes additional duties on certain US products
duties on about half a dozen US products, including chickpeas, lentils and apples, which were imposed in 2019 in response to America's decision to increase tariffs on certain steel and aluminium products. India had imposed these duties on 28 US products in 2019 in retaliation to the US' move. The finance ministry through a notification dated September 5 informed about removal of duties on the products, including chickpeas, lentils (masur), apples, walnut in shell and almonds fresh or dried, as well as almond shelled. The move comes ahead of US President Joe Biden's visit to India to attend the G20 Summit on September 9-10, which would be preceded by a bilateral meeting with Prime Minister Narendra Modi on Friday. During the prime minister's state visit to the US in June, both countries decided to terminate six WTO (World Trade Organization) disputes and also remove the retaliatory tariffs on certain US products. As part of the agreement, India will be removing additional duty on chickpeas (10 per cent), lentils (20 per cent), almonds fresh or dried (Rs 7 per kg), almonds shelled (Rs 20 per kg), walnuts (20 per cent), and apples fresh (20 per cent). In July, Minister of State for Commerce and Industry Anupriya Patel in a written reply to the Rajya Sabha had said the government has decided to remove retaliatory customs duties on import of almonds (fresh or dried, in shell), walnuts, chickpeas, lentils, apples, medical diagnostic reagents, and boric acid. The removal of retaliatory tariffs or cuts in import duty with the US did not result in a loss to India, she had said. The US is the largest trading partner of India.
07.09 / 09:15
country
Standard
Japan joins India, other nations to protest against 2023 edition of China's 'standard map'
map," China has been questioned by various countries with many of them lodging protests against the nation. Japan is the latest country to join the others in rejecting Beijing's map. According to Matsuno Hirokazu, chief cabinet secretary of Japan, the map's description of the Senkaku Islands is based on Beijing's claims. Hirokazu said the islands are unquestionably an «inherent part» of Japan's territory, in terms of both history and international law, according to Japanese public broadcaster, NHK World. He said that Japan has lodged a strong protest with Beijing via diplomatic channels and has demanded an immediate retraction of the description on the map. However, a Chinese foreign ministry spokesperson dismissed the Japanese government's protest over a description of Japan's Senkaku Islands in a new map released by Beijing, according to NHK. Notably, Japan controls the islands.
07.09 / 09:15
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Citi
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Indian
Like a big fat Indian wedding: How India has prepared for G20 mega meet
India has never hosted anything of the scale of the G20 Summit which will happen over the weekend in Delhi, with more than 30 heads of state and 10 global organisations converging at Bharat Mandapam, the glamping new meeting venue at Pragati Maidan. By November 30, when the term of India's G20 Presidency ends, over 220 meetings would have happened across 60 cities in all 28 states and 8 union territories. Over 1.5 crore people would have been involved in these programmes or come in touch with some aspects of them. Over 1 lakh participants from around 125 nationalities would have witnessed different parts of India and interacted with Indians of different regions. How did India manage to pull off such a large-scale event spread over a year and across the country? India had all hands on deck as ministers, government officials, state governments, civil society groups, businesses and common people came together to host foreign dignitaries. It all started last February when the G20 hosting process began.The G20 secretariat
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