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economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
Allies wrap up G7 meeting overshadowed by Trump's tariffs, Canada taunts
Diplomats from three countries said they believed they were 99 per cent of the way toward completing a joint statement that would reflect the group's positions.
«There is a great deal of unity within the G7,» Canadian Foreign Minister Melanie Joly said Friday.
«We talked about many different things.… We support the US proposal for a ceasefire, which is supported by the Ukrainians, and we are waiting for the Russian response.»
British Foreign Secretary David Lammy said the group arrived at common positions on Ukraine, the Middle East, wars in Africa and Chinese activity in the South China Sea.
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«All of that has united us,» he said. «There will be strong language on all of these issues. So this has been a unified conference in which we have found common ground. And I'm pleased at the effort and the sense of warmth that exists across the partners in the G7.»
Communique or not, Trump has thrown the bloc's once rock-solid unity into disarray by imposing whopping tariffs on steel and aluminum and threatening to up the ante with additional levies if there is any retaliation.
All G7 members are affected by the tariffs but perhaps none more so than Canada, the only one that borders the United States and the only one that Trump has personally antagonised with repeated derogatory comments about it becoming the 51st state.
The escalating trade war further strained relations between the US and its closest allies, which have already been shaken by Trump's position on Russia's war in Ukraine.
US Secretary of State Marco Rubio, on his first official trip to Canada and his first to a G7 event, heard a litany of complaints as he met with the foreign ministers of Britain, Canada, France, Germany, Italy and Japan.
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Mark Carney sworn in as Canada PM as country deals with Trump's trade war economictimes.indiatimes.com / 1 year ago
United G7 warns Russia to back Ukraine truce economictimes.indiatimes.com / 1 year ago
G7 seeks unity as Trump's tariffs, Ukraine stance weighs on ties economictimes.indiatimes.com / 1 year ago
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21.05 / 10:17
UPS
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wellness
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How chronic illness became a starting point for artistic alchemy for Koshy Brahmatmaj
Subscribe to enjoy similar stories.Pain is invisible; the sufferer has to make noise for it to be acknowledged, treated or accepted. Mumbai-based artist Koshy Brahmatmaj, 34, lives with chronic endometriosis, a painful condition that afflicts millions of women around the world.
21.05 / 10:17
markets
UPS
IPO
NVIDIA
SpaceX
Even at $5 trillion, Nvidia is underappreciated
Subscribe to enjoy similar stories.Nvidia is no longer the only AI chip game in town. But it is the largest by far, and the likelihood that it will be that way for the foreseeable future should count for something.It hasn’t counted for much lately.
21.05 / 10:17
markets
Digital
CEO
War
Omnicom
RK Swamy bets on integrated advertising model as global agency giants split media and creative
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markets
IPO
Racing
NVIDIA
SpaceX
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21.05 / 09:47
markets
Analysis
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FPIs exit Korea & Taiwan: Is India ready for the flow rotation?
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PI Industries’ weak core business keeps investors on edge
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markets
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‘Should I Marry a Murderer?’ has left audiences stunned but what they saw wasn’t all that bizarre
Subscribe to enjoy similar stories.In the new Netflix documentary series Should I Marry a Murderer?, Caroline Muirhead, a Scottish forensic pathologist, falls in love with Sandy McKellar, a man who, after proposing, reveals to her that he and his brother have committed a homicide. What follows is baffling: Even after Muirhead turns him in to the police, she returns to his side.
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Secured credit cards: Unlocking credit and building a credit score for millions
Subscribe to enjoy similar stories.There has been growing awareness about credit cards in India, but the number of users still remains low, with 118.6 million credit cards issued as of end-March, a penetration of only 8.5%. This is because of strict credit appraisal processes that leave a large segment of the population underserved.In such a scenario, customers can opt for a secured or fixed deposit (FD)-backed credit card instead of the ubiquitous unsecured card.
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Provident
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Forensic audits support corporate-fraud probes and IBC cases but still lack enforceable standards
Subscribe to enjoy similar stories.Forensic audits have gained significance in today’s world of business as they serve as a useful tool for commercial lenders to investigate fraud by borrowers and/or identify other deep-seated financial irregularities. Forensic auditors are also employed by resolution professionals to report on preferential, undervalued, fraudulent and extortionate (‘PUFE’) transactions for adjudication under India’s Insolvency and Bankruptcy Code (IBC). While there is no single universal definition, several globally recognized organizations have provided widely accepted definitions (and norms) of forensic auditing.
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UPS
Manufacturing
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Subscribe to enjoy similar stories.MUMBAI: India’s listed electronics manufacturers are under pressure to defend profitability as the mobile-phone assembly boom slows, prompting a shift towards higher-value industrial electronics.Investors remained jittery through the last fiscal, driven by concerns that slowing consumer sentiment could weigh on the rapid growth that electronics manufacturing services (EMS) firms have delivered so far.In an interview with Mint, Jasbir Singh Gujral, managing director of Syrma SGS Technology Ltd, India’s second-largest listed EMS firm, said, “We’re increasingly looking to capture a larger chunk of contracts from defence, aerospace and med-tech verticals, all of which represent opportunities for original design manufacturing, and also bring significantly higher margins. We’ve already started this transition, and we plan to do more of it this fiscal.”Beyond mobile phones and laptops, EMS firms are expanding into smart metres for electricity boards, aerospace and defence subsystems, railway safety instrumentation, printed circuit boards and display assemblies, and medical devices deployed in hospitals.India’s annual mobile phone shipments have remained subdued since the covid-19 pandemic, with industry estimates pointing to a single-digit decline this calendar year from 152 million smartphones shipped last year.The margin pressure driving this shift is increasingly visible.In FY26, Syrma SGS reported an operating margin of 7.1%, up 2.3 percentage points.
