News related to
trade

India, Other WTO Members Criticise EU, UK On Steel Safeguard Measures

NEW DELHI: India and some other nations, including Switzerland, Brazil, China, Japan, Korea and Russia, have criticised the EU for deciding against terminating its safeguard measure on imports of certain steel products after carrying out a review. Most argued the EU’s safeguard duty, imposed after the Trump administration in the US slapped additional duties on […]

The post India, Other WTO Members Criticise EU, UK On Steel Safeguard Measures first appeared on Latest India news, analysis and reports on IPA Newspack.

US To Withdraw Key Proposal On Digital Trade

NEW DELHI: The United States has decided to withdraw its support for an initiative at the World Trade Organisation on free cross-border data flows without localisation, a move that strengthens India’s approach on retaining control over its data. Washington has decided to withdraw its proposal on digital trade at the global trade body to retain […]

The post US To Withdraw Key Proposal On Digital Trade first appeared on Latest India news, analysis and reports on IPA Newspack.

Govt Hikes Allocation Of Wheat Under Open Market Sale Scheme

The government has decided to offload 0.3 million tonnes (MT) under the open market sale scheme (OMSS) by the Food Corporation of India (FCI) in its weekly e-auction from next month, against 0.2 MT currently being offered for the bulk purchaser to cool down the prices. Sources told FE that because of surplus stocks held […]

The post Govt Hikes Allocation Of Wheat Under Open Market Sale Scheme first appeared on Latest India news, analysis and reports on IPA Newspack.

India’s First National Trade Union AITUC Approaches Its Foundation On October 31

By Amarjeet Kaur October 31 is approaching, the day of foundation of the first national level organization of trade unions in India. A collective of trade unions from all sectors, formal and informal, gathered at Bombay and AITUC was founded with Lala Lajpat Rai, a tall leader of the freedom movement at that time, as […]

The post India’s First National Trade Union AITUC Approaches Its Foundation On October 31 first appeared on Latest India news, analysis and reports on IPA Newspack.

Conflux‘s Hong Kong Office Officially Opens, Ushering in a New Chapter of Global Growth

HONG KONG SAR – Media OutReach – 27 October 2023 – On October 25th, the Conflux Hong Kong office celebrated its official launch with an opening ceremony at the Hong Kong Cyberport. The ribbon cutting ceremony Conflux founder Professor Long Fan was unable to attend in-person and instead sent his blessings through a video call. The ribbon-cutting ceremony was conducted jointly by Peter Yan, CEO of Cyberport […]

US Withdraws Proposal On Digital Trade At WTO

NEW DELHI: In a leg-up for India’s consistent stand against global rules on e-commerce, the US has decided to withdraw its proposal on digital trade at the WTO to retain the policy space for regulating big-tech firms. The US proposal on e-commerce rules, withdrawn at the WTO’s Joint Statement Initiative (JSI) on e-commerce on Wednesday, […]

The post US Withdraws Proposal On Digital Trade At WTO first appeared on Latest India news, analysis and reports on IPA Newspack.

NITI Aayog To Develop Action Plan To Bridge Trade Deficit With China

NEW DELHI: Government think tank NITI Aayog has initiated a study to develop a comprehensive action plan to bridge India’s trade deficit with China over time and align trading strategies with emerging geopolitical situation and potential risks to safeguard supply chains. The Aayog has invited bids from consultants to lead the two studies in areas […]

The post NITI Aayog To Develop Action Plan To Bridge Trade Deficit With China first appeared on Latest India news, analysis and reports on IPA Newspack.

Officials’ Meet Shape Agenda For Abu Dhabi WTO Ministerial

NEW DELHI: A two-day meeting of senior officials of the World Trade Organisation (WTO) member countries which concluded in Geneva last Tuesday shaped agenda for the coming ministerial meeting of the world body, by narrowing down the differences over the key issues of agriculture, dispute settlement, e-commerce taxation, according to official sources. The direction and […]

The post Officials’ Meet Shape Agenda For Abu Dhabi WTO Ministerial first appeared on Latest India news, analysis and reports on IPA Newspack.

China property stocks horror story

Matein Khalid The horror story unfolding in China’s property developer stocks and shadow banking system is pure Lehman 100X whose contagion is now guaranteed to spread from the Dragon Empire on an intercontinental scale at the speed of light. Mr. Hui, once the richest Chinese alive after Li Ka-shing, is now in jail as Evergrande becomes the most spectacular property developer to fail in world history. Evergrande […]

Banks Tap Business, Rework Plan To Raise Low-Cost Deposits

NEW DELHI: The Centre’s “just-in-time” mechanism to release money for government agencies, including at the state level, has forced banks to rework their fund-raising strategy as they have lost out on low-cost current and savings account float.Worst hit are public sector banks such as State Bank of India, which have now activated the SME and […]

The post Banks Tap Business, Rework Plan To Raise Low-Cost Deposits first appeared on Latest India news, analysis and reports on IPA Newspack.

India, Saudi Arabia Discuss Ways To Increase Bilateral Investments

NEW DELHI: Commerce and Industry Minister Piyush Goyal on Tuesday met Saudi Arabia’s Minister of Investment Khalid A Al-Falih, and discussed ways to boost bilateral investments between the two countries in different sectors. Goyal, who is on a two-day visit to Riyadh, also participated in the seventh edition of the Future Investment Initiative (FII) in […]

The post India, Saudi Arabia Discuss Ways To Increase Bilateral Investments first appeared on Latest India news, analysis and reports on IPA Newspack.

FTA Likely On Track As UK Warms To Investment Pact

NEW DELHI: India and the United Kingdom are trying to find a middle ground to conclude a bilateral investment treaty along with a free trade agreement (FTA) by the end of this month, said people with knowledge of the matter. The prospects of a deal have brightened with the UK softening its stance on India’s […]

The post FTA Likely On Track As UK Warms To Investment Pact first appeared on Latest India news, analysis and reports on IPA Newspack.

Detection and response tools increasingly important as cyber claims surge: Allianz

Ransomware incidents rising again as criminals use data exfiltration and supply chain attacks to maximize their leverage. Allianz Commercial analysis of large cyber losses shows the number of cases in which data is exfiltrated is soaring, as is the number of incidents becoming public. Cyber breaches that are not detected and contained early can be 1,000 times more expensive than those that are. Companies’ cyber security priorities […]

NetApp Advances the State of AI & Secure Infrastructure at INSIGHT 2023

Delivering a True Data Pipeline for AI & Best-in-Class Ransomware Defense SINGAPORE – Media OutReach – 25 October 2023 – NetApp® (NASDAQ: NTAP), a global cloud-led, data centric software company, today announced multiple innovative portfolio updates, including enhancements to the industry’s best data pipeline for hybrid multi-cloud AI and advancements on the most secure data storage against ransomware. These illustrate NetApp’s industry-leading solutions drive simplicity, savings, security, […]

Newest nuclear-powered icebreaker is one step closer to launch

The universal nuclear-powered icebreaker Chukotka will soon receive one of the two RITM-200 reactor units required for its operation. The second reactor will be shipped by the end of 2023. ‘We continue to work on the renewal of the nuclear icebreaker fleet. Chukotka will be the fourth serial icebreaker of Project 22220. The head icebreaker of this project – Arktika – and two serial icebreakers Sibir and […]

Impressive UAE, Saudi show in online F&B sector

Arabian Post Staff E-commerce in the food and beverages sector in the UAE and Saudi Arabia has achieved a standout performance within the retail markets, according to NielsenIQ analysis of the region’s key Fast Moving Consumer Goods (FMCG) data up to the end of August 2023. Despite facing significant price hikes averaging 3% and 5%, respectively, over the past three months, both countries have again recorded strong […]

Cryptocurrency Winter Could Transition To Spring As Early As 2024

By Arun Kumar Shrivastav The cryptocurrency market is going through a prolonged winter, and very few things seem to be going in its favor, especially from the point of view of dramatic rise in prices and sky-high valuations of crypto coins. However, the cryptocurrency space is witnessing developments of far-reaching significance. For example, the United […]

The post Cryptocurrency Winter Could Transition To Spring As Early As 2024 first appeared on Latest India news, analysis and reports on IPA Newspack.

Trend Micro Container Security Evolution Saves SOC Teams Up to Two Weeks of Time Per Incident

Businesses reduce cloud security risks with latest addition to centralized platform HONG KONG SAR – Media OutReach – 24 October 2023 – Trend Micro (TYO: 4704; TSE: 4704), a global cybersecurity leader, today announced the next evolution of its cloud container security capabilities for its flagship platform. The latest addition to the platform delivers end-to-end protection, detection, and response to drive secure digital transformation. The new capabilities […]

Chubb Promotes Ben McGregor to Head its Property Business in APAC and Japan

SINGAPORE – Media OutReach – 24 October 2023 – Chubb today announced that Ben McGregor has been promoted to Head of Property, APAC & Japan for its general insurance business, effective 1 December 2023. In his new role, McGregor will be accountable for underwriting and portfolio management across Chubb’s Property line of business in Asia Pacific and Japan. He will be based in Singapore and report directly […]

Three dimensional FX chess game

Matein Khalid The greenback was a one way bet since June when I had strongly recommended selling the Euro at 1.12 and the British pound at 1.31 since relative interest rate spreads/economic data momentum and central bank monetary policy all screamed another “buy me” spasm for King Dollar. The macro tea leaves got murky last week even as the war in Gaza escalates to IDF bombing raids […]

UAE and Canada hold first Joint Committee in Abu Dhabi

ABU DHABI, 23rd October, 2023 (WAM) — The UAE Ministry of Foreign Affairs (MoFA) hosted the first

Abdullah bin Zayed, FM of Canada discuss bilateral relations

ABU DHABI, 23rd October, 2023 (WAM) — H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign

Rupee Trade Worth $2.5-Billion Since July 2022 RBI Move

NEW DELHI: India has settled international trade worth over $2.5 billion in rupee after the Reserve Bank of India (RBI) facilitated this in July last year, according to a senior official. Much of the trade settlement in rupee has been with Russia, Sri Lanka and three-four other countries, he said. Though this shows a pick-up […]

The post Rupee Trade Worth $2.5-Billion Since July 2022 RBI Move first appeared on Latest India news, analysis and reports on IPA Newspack.

Food Stock-Holding, E-Commerce Tax On Wto Meet Agenda

NEW DELHI: Senior officials from the World Trade Organisation (WTO) member countries are meeting in Geneva from Monday to lay the groundwork for the next ministerial conference of the global trade regulating body which will involve reviewing the status of progress on the decisions of the previous ministerial conference and reforms in the global trade […]

The post Food Stock-Holding, E-Commerce Tax On Wto Meet Agenda first appeared on Latest India news, analysis and reports on IPA Newspack.