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South African authorities are embroiled in a standoff with an unconfirmed number of illegal miners who remain underground at an abandoned mine, apparently fearing arrest by police officers at the site

World Trade Organization (WTO) India’s quality control orders (QCO) on various products including medical textiles, footwear and viscose staple fibre, and certain measures which restrict its import of copper, wooden boards and tyres. These issues came up at a meeting on market access in WTO on Wednesday. Last year, Canada, Japan, the UK and the EU had raised concerns at India’s QCOs terming them protectionist. “Some new trade concerns pertaining to India’s QCOs were raised at the meeting,” said a Geneva-based official.

Agar traders feel that industry will be transact business to the tune of a whopping Rs.50,000 crore annually once international trade centre comes up in Assam. MJI Perfumes, Assam's first make in perfume from agar, has attracted hordes of visitors at the Assam Pavilion in the ongoing 43rd India International Trade Fair (IITF) at the Bharat Mandapam in New Delhi. One of the highlights of the Assam Pavilion, the stall selling Agar and its derivatives has evoked a very good response from the residents of Delhi-NCR. The man who is on mission agar is none other than Dr.Jehirul Islam. Dr Islam returned to Assam from Saudi Arabia in 2008 and plunged headlong into deep research in agarwood farming. Called ‘liquid gold’ for its high commercial value, as its oil is used for making perfumes that are loved by the people in the Middle East and the Arab world, he discovered the disease in this indigenous plant and also pioneered the legalisation of its trade.

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.

Subscribe to enjoy similar stories. RIO DE JANEIRO : As Xi Jinping prepares for a thorny trade relationship with President-elect Donald Trump, he is cultivating a rapport with someone he calls a like-minded good friend, Brazilian President Luiz Inácio Lula da Silva. The populist leftist shares Xi’s goals of checking America’s global economic dominance.

Large protests have been held in Greece as part of a 24-hour nationwide general strike called by labor unions timed to coincide with the government submitting its 2025 budget to Parliament

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.

Subscribe to enjoy similar stories. Last month’s Brics summit in Kazan, Russia, was, like all summits, heavy on photo ops. And it yielded a second act that was similarly heavier on symbolism than substance: the release of a report by the Russian finance ministry and central bank on “improvement of the international monetary and financial system," by which Russian officials obviously meant “finding an alternative to the weaponized dollar." Expressions of dissatisfaction with the dominance of the dollar over global money and finance go back at least to French finance minister Valéry Giscard d’Estaing in 1965, who famously lamented the greenback’s “exorbitant privilege." Indeed, the desire for an alternative played no small part in the creation of the euro 34 years later.

Subscribe to enjoy similar stories. The Akshaya Patra Foundation plans to take its acclaimed midday meal scheme to Indonesia and Kenya, said two people aware of the development, as India seeks to use its soft power to deepen ties and trade. Indonesia, Southeast Asia’s largest economy, is launching a free meal programme for schoolchildren.

initial public offering (IPO). The proposed IPO is a combination of fresh issue of equity shares worth Rs 335 crore and an offer for sale (OFS) of 47.4 lakh shares by promoters and other selling shareholders, according to the draft red herring prospectus (DRHP) filed on Tuesday. At present, promoters and promoter group entities hold 87 per cent stake in the company.

The poll, the first on China's economy by Reuters since Donald Trump's sweeping election victory on Nov. 5, also predicts that the President-elect will resist starting off with blanket 60% tariffs on Chinese goods. Trump, who is due to take office in January, pledged during campaigning to slap hefty tariffs on Chinese imports as part of a package of «America First» trade measures, causing unease in Beijing and heightening growth risks for China.

ReNew Energy Global Plc (ReNew) on Wednesday reported a 31 per cent rise in net profit to Rs 493.9 crore (USD 59 million) in the September 2024 quarter pushed by higher income. It posted a net profit of Rs 377.1 crore (USD 45 million) in the July-September period of preceding 2023-24 fiscal, the Nasdaq-listed entity said in a statement. ReNew's total income in the second quarter also rose to Rs 2,988.7 crore (USD 357 million) from Rs 2,863.2 crore (USD 342 million) during the same period last financial year.

Subscribe to enjoy similar stories. SINCE THE Industrial Revolution, rich countries have mostly grown faster than poor ones. The two decades after around 1995 were an astonishing exception.

SIP contributions reaching a record Rs 25,000 crore. There is a growing influence of domestic investors in our market,” says Manish Jain, Managing Director, Bajaj Broking. In an interview with ETMarkets, Jain said: “With India's economic growth remaining robust at around 7% annually, this pullback presents an opportunity for investors to strengthen their portfolios.” Edited excerpts:

Asian stocks are mostly lower, despite gains on Wall Street, as worries mount over escalations in the Russia-Ukraine war

Last year, then-presidential candidate Javier Milei declared Argentina would not “make deals with communists” in China or Brazil, calling their leaders “murderers” and “thieves” in a bid to channel the populist energies of Donald Trump into a winning p...

Subscribe to enjoy similar stories. Of course you knew that Donald Trump was going to win this election. And that the Indian stock market was due for a substantial correction.

Japan racked up a trade deficit in October for the fourth month in a row, as a weak yen and rising energy prices kept import costs high

Subscribe to enjoy similar stories. By 9 p.m. on election night, it had become clear to Jason Junod that Donald Trump was returning to the White House.