Ottawa is stepping up its courtship of the region. The campaign was readily apparent in Singapore last week with a conference devoted to stronger ties with Southeast Asia.
On current trajectories, economies are expected to generate only about 400 million jobs over that same period — leaving a gap of staggering proportions.
In a separate order, Trump announced a committee, led by Commerce Secretary Howard Lutnick, to monitor whether India ‘directly or indirectly’ imports Russian oil.
Israel sees Iran as an existential threat. But the US, Turkey & Gulf states fear refugee flows or attacks on oil sites. These countries need a stable end-state for the whole region over more strikes.
Before celebrations begin in New Delhi, the deal needs clarity about what the two leaders have actually agreed to—both in the agreement & in their phone call to take it over the finish line.
Union Budget brings home to markets the unpleasant reality of fiscal dominance where RBI ends up prioritising deficit financing over its primary function of inflation control.
Insulted and bullied by Donald Trump, European leaders are asking where they go from here. The right choice isn’t to kneel or fight back, but to disengage.
The collusion between the new class of bureaucrats, politicians, businessmen and trade union bosses perpetuates itself partly because of the short-run benefits and partly because they see no way out of the system, wrote author MH Mody in 1980.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
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