After a gap of eight years, India and European Union (EU) to resume FTA negotiations

India and European Union (EU) agreed to enhance the bilateral trade and investment relationship through the resumption of negotiations for a balanced, ambitious, comprehensive and mutually beneficial trade agreement, eight years after its suspension, the external affairs ministry said. The two sides also agreed to launch negotiations for two key pacts on investment protection and […]

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Global economy recovering, but may be losing momentum: IMF chief

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The global economy is recovering from the depths of the coronavirus crisis, but there are signs of slowing momentum in countries with resurging infection rates, the International Monetary Fund said in a new report for G20 major economies, as reported by Reuters News Agency. The report, released ahead of last week’s virtual meetings of finance […]

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Weekly wrap – India’s haemorrhaging economy begins to heal

The global economy is recovering from the depths of the coronavirus crisis, but there are signs of slowing momentum in countries with a resurgence in infection rates, the International Monetary Fund said in a new report for G20 major economies. The report, released ahead of this week’s virtual meetings of finance officials and leaders from […]

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Global steel industry associations urge governments to address excess steel capacity

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Steel industry associations in the Americas, Europe, Asia and Africa have renewed their call for governments of steel-producing economies to intensify their work in the Global Forum on Steel Excess Capacity (GFSEC). Steel industries throughout the world expressed tremendous concern about the recent increase in steel overcapacity at a time when steel demand is severely […]

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World finance chiefs defend globalisation, despite increasing populism against it

Global finance officials defended their efforts to promote free trade and closer international links against a rising ride of populism around the world and criticism from a Trump administration intent on pursuing its “America First” agenda. Finance ministers from the world’s major economies wrapped up two days of talks with German Finance Minister Wolfang Schaeuble […]

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Global growth strengthens as risks abate; China likely to avoid sudden slowdown, says Moody’s

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The improving outlook for global growth in 2017 appears to be sustainable as some of the biggest risks to advanced economies have subsided and emerging markets maintain their expansion, Moody’s Investors Service said in a new report. Moody’s said it expects G20 economies, which account for 78% of the global economy, to collectively grow at […]

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More support to family farmers needed to meet world’s rising food demands, FAO tells G20

In an era in which challenges like climate change and natural resource scarcity are making agriculture ever more knowledge-intensive, family farmers in the developing world need information and technology tools that can help them not just get by, but thrive and feed a growing world population, FAO Director-General José Graziano da Silva has said “Millions […]

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