International Financial News

The secretary-general of Amnesty International, Anges Callamard, released a statement on Nov. 27 in response to three European Union member states pushing back on regulating artificial intelligence (AI) models. 

central bank digital currencies (CBDC), sources close to the development told ET. An internal Reserve Bank of India (RBI) working group has been exploring the best technology path to develop a roadmap for such direct transactions between two countries. CBDC, or the equivalent of paper money in a digital form, has the potential to be a game-changer, particularly in facilitating cross-border settlements that currently require the Swift platform for routing funds through banks.

The OECD's Crypto-Asset Reporting Framework will require crypto platforms to share taxpayer information with tax authorities.The UK government says that the standard could potentially recoup hundreds of millions of pounds in lost revenue.“Today we are sending out a strong message that we will not allow criminals to use crypto to avoid paying their fair share,” says Financial Secretary to the Treasury, Victoria Atkins.The 48 signatories to the agreement encouraged other countries to join them.

Minister of External Affairs Dr S Jaishankar on Saturday batted for shaping international relations with Indian characteristics, stressing the need for devoting more time to look at India's reservoir of culture and knowledge. He was speaking in Pune during the ‘International Relations Conference on India's Strategic Culture: Addressing Global and Regional Challenges', organised by an educational institute. “The question I have is to develop an Indian strategic culture; if we are to create international relations with Indian characteristics, is it not necessary that we actually devote more time, attention, and energies to look at our reservoir of culture, knowledge, history and traditions,” he asked. The minister, who had a long diplomatic career, buttressed the point, citing his interaction with his American peers about Afghanistan years ago. “I found that even after 20 years of being in Afghanistan, so much of the American understanding about that country was moulded by what was the British narrative of Afghanistan… I actually asked them does it occur to you, have you ever thought why Peshawar is where it is? Was the Durand line actually something because the British Colonial construct was there,” he asked. Durand line is the international land border between Afghanistan and Pakistan. He said people who spent their “lifetime” in Afghanistan had never heard of a figure like Hari Singh Nalwa, the legendary Sikh warrior of Maharaja Ranjit Singh's empire. Nalwa was the commander-in-chief of the Sikh army along its border with Afghanistan. “And that tells you something.

India’s private sector investment pickup will not be broad-based and will follow the pattern of international investments in the country, said a top functionary of management consultancy firm Arthur D Little. “Private capex will not be so spread out across sectors. Those sectors where international players have come in, you will see private capex coming in because there will be support infrastructure required for those large industries,” Thomas Kuruvilla, managing partner of Arthur D Little Middle East and India, told ET. Experts have been pointing out that private investment will be the primary driver of economic activity in the coming fiscal year. “We have many international investors coming into India, like Apple.

Trudeau highlighted the importance of coordinated G20 leadership and action to uphold the rule of law and international law and strengthen democratic systems, as he participated in a virtual G20 Leaders' Summit hosted by India. Trudeau's participation in the summit comes amidst strains in ties between Canada and India following his allegations in September of the «potential» involvement of Indian agents in the killing of Khalistani separatist Hardeep Singh Nijjar on June 18 in British Columbia.

Israel Defence Forces put forth a question to the international community: What will it do to prevent the hospitals from being used by Hamas for its objectives? IDF spokesperson Rear Admiral Daniel Hagari further said that israel's war is with Hamas and not with the people of Gaza. In a video posted by IDF on X, Hagari said, «Hamas has been systematically using hospitals in Gaza to run its terror machine. Hamas built tunnels underneath hospitals, used them to command their operations. Hamas wages from war from hospitals.

international workforce would be an Indian. The MEA secretary addressed the third edition of the Spain-India Forum in New Delhi on Wednesday. Underscoring the migration mobility agreement, he said, «Within a decade or so, every third or every second youth out of ten in the international workforce would be an Indian. So here what I'm directly referring to is the migration mobility agreement, which we are struggling for the Spanish government to consider.» India has signed the migration mobility agreement with Portugal, the UK, Germany, Italy and Austria. Furthermore, Verma said, «Austria is supposed to be one of the most difficult countries to deal with on migration issues. So if we can do it with several other countries, I think it's Spain.

Indian filmmaker Ekta Kapoor on Monday, November 20, was awarded Directorate Award at the 51st International Film Awards, becoming the First Indian Woman Filmmaker to receive the International Emmy Directorate Award. Additionally, Vir Das, along with Derry Girls season 3, were honoured with the International Emmy for Comedy. It was Vir Das's second nomination for an International Emmy.

A handful of temporary workers from South Korea have arrived in Windsor to staff up a new Stellantis electric vehicle battery manufacturing plant, according to officials with the Ontario government, raising concerns that massive taxpayer subsidies could be used to employ international auto workers over Canadians.

Richards will remain CEO during a period of transition led by the board that will take place over the coming months.

Jim Sarbh and Shefali Shah from India. The Indian stars received nominations in the comedy category, as well as for the best performance by an actor and actress, respectively. The ceremony will also see film producer Ektaa Kapoor being honoured with the Directorate Award for her "trailblazing career and impact on the Indian television landscape".

World Children's Day, Israel shared pictures of children held hostage by Hamas terrorists in Gaza, stressing that there are more than 30 children, including babies and toddlers. They further urged the international community to take action to bring them home. «While your children are at school, there are currently more than 30 Israeli babies, toddlers and children being held hostage in Gaza by Hamas terrorists.

As the rescue operation work entered the ninth day and the rescuers raced against time to evacuate the 41 workers trapped in an under-construction tunnel in Uttarakhand’s Uttarkashi, an international team of tunnelling experts arrived at the site on Monday.

The United Service Institution of India (USI), founded in 1870, is gearing up for its Annual UN Forum 2023 in New Delhi on November 21-22, 2023. Focused on ‘International Humanitarian Law and Peacekeeping.’  This event is being organized in collaboration with the International Committee of the Red Cross and the Centre for UN Peacekeeping Operations and will address the critical need for adherence to IHL principles in today’s complex peacekeeping scenarios.

Defence Minister Rajnath Singh on Sunday said India's international stature has grown after Narendra Modi became prime minister and attacked the Congress government in Rajasthan over recruitment exam paper leaks and law-and-order situation. Anyone who can't give security to mothers and sisters has no right to rule, he said while referring to the Ashok Gehlot government at an election rally in Shahpura.

Kalyan Jewellers on Sunday introduced its latest collection, Senhor, a distinctive line of men's jewellery. The launch campaign features the brand's ambassador, Amitabh Bachchan, showcasing the jewellery pieces. According to the company statement, drawing inspiration from the Spanish term for 'sir' or 'gentleman,' the Senhor collection is designed to meet the modern man's preference for distinctive and meaningful accessories. «Recognising the growing preference for men's jewellery pieces as gifts for grooms, Kalyan Jewellers sees an opportunity to strengthen its market share during the ongoing wedding season,» the statement further reads. Mr.

Finland has positioned itself as a hub of opportunities for students, researchers, and innovators, actively welcoming international workers to address the rising labor crisis. In an interview with Times of India, Laura Lindeman, Senior Director, Head of Work in Finland at Business Finland, shed light on the initiatives such as 'Work in Finland' and 'Talent Boost' that are facilitating the influx of skilled and tech-savvy professionals globally. She emphasized that Finland, committed to global connectivity, views international talents as contributors to building connections with the rest of the world. Recognizing the significance of human capital in enhancing competitiveness, Finland aims to attract a diverse workforce, fostering internationalization, innovation, and company growth. «Finland wants to attract talent and generate growth, internationlisation and well-being in collaboration with a diverse, international workforce,» Lindeman said. Finland is looking to attract 15,000 international students a year by 2030 and increase the level of work-based migration to 30,000 per year. «The Finnish society is ageing; therefore, the country needs more young people to join the labour market,» Glenn Gassen, Director of Immigration Affairs, Helsinki, told TOI in an interview in July. «We see India as one of our focus countries and want to intensify our partnership,» he added. «India has a growing young population, and a lot of untapped talent and Finland has had excellent experiences with Indian students, researchers, entrepreneurs, and professionals. There is an active Indian business community across Finland, and we have seen that Indian newcomers integrate quickly and emerge very successful.»

NEW DELHI : Foreign airlines have always seen India as a market that feeds their hubs, but that seems to be changing with key foreign carriers from Asia Pacific seeing India becoming an aviation hub, which can be used to connect Africa and the Middle East from their part of the world. Senior executives from Japan Airlines and Thai Airways said they see the potential of India becoming a hub but it may take some time for this to become a reality.

Dubai International Airport this year will eclipse the pre-pandemic passenger figures in 2019, showing the strong rebound in travel after the coronavirus pandemic and lockdowns that grounded aircraft worldwide, a top official said Wednesday. The airport, the world's busiest for international travel and home of the long-haul carrier Emirates, has had 64.5 million passengers pass through its cavernous concourses through the third quarter of this year. That puts it on track to reach 86.8 million passengers for the full year, which would exceed its 2019 figure of 86.3 million passengers.

Palm Springs International Film Festival will honor Martin Scorsese's "Killers of the Flower Moon" with the Vanguard Award. Recognizing both the film's cast and director for their collaborative excellence, the Vanguard Award will be presented to Academy Award-winning director Martin Scorsese, Executive Producer Leonardo DiCaprio (also an Academy Award winner), and Lily Gladstone, a nominee for the Gotham Award. All three recipients will be present at the event, as confirmed by the Palm Springs International Film Awards. Scheduled for January 4, 2024, at the Palm Springs Convention Center, the Film Awards ceremony will kick off the festival, which will continue through January 15, 2024.