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Bloomberg India is set to use this week’s meeting of finance ministers and central bank governors from the Group of 20 nations to try to amplify its influence over developing economies in Asia, Africa and Latin America called the Global South. Without the cash to dole out billions in loans like China did under President Xi Jinping’s Belt-and-Road Initiative, India ...

  Bloomberg China’s internet firms are revving up efforts to outdo each other since Beijing began to wind back its bruising crackdown on the tech sector, spurring an abrupt surge in competition that’s threatening margins and spooking investors. A battle is brewing as companies that laid low or sought to limit expansion during the years-long crackdown now feel the shackles ...

  Bloomberg India and Singapore linked their systems that enable real-time money transfers between the two nations, as countries in the region seek to bring down barriers to the quick movement of funds. Reserve Bank of India’s (RBI) Governor Shaktikanta Das initiated the first transaction with his counterpart Managing Director Ravi Menon, according to a statement by the Monetary Authority ...

Bloomberg President Vladimir Putin said he’s waiting for his Chinese counterpart Xi Jinping to visit Russia as he hailed deepening ties with Beijing at talks with China’s top diplomat. Cooperation between Russia and China is “very important for stabilising the international situation,” Putin told Chinese State Councilor Wang Yi at talks in Moscow, asking him to pass on greetings to ...

Bloomberg US President Joe Biden said Russian President Vladimir Putin made a “big mistake” in suspending participation in the New START nuclear treaty, his first direct response to the announcement. Biden made the brief remark in Warsaw, ahead of a meeting with a group of eastern-flank Nato allies known as the Bucharest Nine. In response to a shouted question from ...

  Abu Dhabi / WAM Tawazun Council, the independent government entity that works closely with the Ministry of Defence, security agencies and Abu Dhabi Police, to maximise value through acquisition systems, announced signing 12 deals, worth AED8.14 billion, with local and international companies on the second day of the International Defence Exhibition (Idex) and the Naval Defence Exhibition (Navdex) 2023. ...

Dubai / WAM Dubai Chambers on Tuesday unveiled a series of accomplishments for 2022 during a media briefing at its headquarters, demonstrating its diverse initiatives to support Dubai’s business community and dedication to realising its strategic goals in alignment with the city’s future development plans. Present at the event were Abdul Aziz Al Ghurair, the Chairman of Dubai Chambers, Omar ...

  LATAKIA / WAM The UAE Search and Rescue team continues its practical exercises to qualify and train members of the Syrian Civil Defence in dealing with emergency cases professionally. During the training held in the Syrian governorate of Latakia, the participants received practical training related to civil defence work, especially in search and rescue operations. The course comes as ...

  Ras Al Khaimah / WAM Ras Al Khaimah Economic Zone (Rakez) is participating in the Gulfood exhibition to showcase its business solutions for global investors in the food and beverage (F&B) industry who want to establish and expand their operations in the UAE. With an aim to promote the F&B industry, Rakez regularly participates in the annual Gulfood exhibitions ...

Sharjah / WAM Sheikh Fahim Al Qasimi, Chairman of the Department of Government Relations (DGR) in Sharjah, met with Manuel Tovar Rivera, the Minister of Foreign Trade and Investment of Costa Rica, to discuss strengthening collaboration between their respective regions. The parties discussed trade, food security, and the transportation of goods sector, with the aim of identifying ways to benefit ...