A new study says that the cost-of-living crisis in the UK is leading to premature deaths. Meanwhile, the city of Birmingham has declared itself bankrupt. Priyanka Sharma tells you about the UK’s cocktail of crises.

Gravitas: Is the Great Britain going broke?

The cost of living crisis seems to be getting worse across the United Kingdom. A new study has now found that this could probably result in thousands of people dying what are being described as premature deaths because of the fact that they simply can't seem to afford the basic necessities of life.

UK: Premature deaths will rise by 6.5% in 2023 due to cost-of-living-crisis

As the United Kingdom battles high prices and Industrial action a new study found the number of workers taking sick leave has hit a 10-year high. According to a report by Chartered Institute of Personnel and Development stress and COVID-19 are one of the biggest contributors to the increase in workplace upsets.

Study reveals declining health among employees in UK firms

An economy headed for recession, rising cost of living, food shortages, a collapsing healthcare system make the United Kingdom a terrible place to live. Priyanka Sharma tells you more.

Gravitas: Is the UK set to be on the worst place to live?

India's diplomatic battle with Justin Trudeau-led Canada has intensified and so have the fears of lakhs of Indians. The Indian student community in Canada is restless and rattled and those planning to study there are anxious. Amid the confrontation, it is clear -- India is in a position to hit Canada where it hurts the most.

India Canada row: Impact on students and economy

Canadian Prime Minister Justin Trudeau sought a collective declaration from the Five Eyes alliance members to release the investigation results indicating the involvement of 'Indian government agents' in the demise of Khalistan militant Hardeep Singh Nijjar. In the UN General Assembly, Israel's ambassador&nbsp;Gilad Erdan was detained by security personnel as he protested against Iranian President Ebrahim Raisi's speech. In other news, an exclusive&nbsp;CNN report has claimed that Ukraine could be the culprit behind a recent drone attack&nbsp;against a Wagner-backed fighter group in Sudan.

Click on the headlines to read more.

<a href="https://www.wionews.com/world/us-other-allies-refused-to-join-canada-in-condemning-india-over-hardeep-singh-nijjars-death-report-637744">US, other allies refused to join Canada in condemning India over Hardeep Singh Nijjar’s death: Report</a>

<img src="https://cdn.wionews.com/sites/default/files/styles/story_page/public/2023/09/11/379039-untitled-design-2023-09-11t190502604.png?imwidth=1920" />

Canadian Prime Minister Justin Trudeau wanted the Five Eyes alliance members to jointly announce the probe findings that allegedly point to ‘Indian government agents’ role in the death of Khalistan terrorist Hardeep Singh Nijjar, reports Washington Post newspaper.

<a href="https://www.wionews.com/world/israeli-ambassador-detained-at-un-after-bold-protest-against-iranian-presidents-speech-watch-637729">Israeli ambassador shown out of UN assembly hall for protesting Iranian president's speech. Watch</a>

<img src="https://cdn.wionews.com/sites/default/files/styles/story_page/public/2023/09/20/380773-the-battle-for-kyiv-2023-09-20t090934576.jpg?imwidth=1920" />

United Nations security personnel briefly detained Israel's ambassador to the UN, Gilad Erdan, as he protested Iranian President Ebrahim Raisi's speech at the General Assembly.

Although the reason for his detention remained unclear, he was later released. This incident occurred against the backdrop of Erdan's condemnation of Raisi as a "vile murderer."

<a href="https://www.wionews.com/world/ukraine-likely-behind-drone-attacks-on-wagner-backed-forces-in-africa-report-637711">Ukraine ‘likely’ behind drone attacks on Wagner-backed forces in Africa: Report</a>

<img src="https://cdn.wionews.com/sites/default/files/styles/story_page/public/2023/09/20/380762-original.jpg?imwidth=1920" />

A bombshell CNN report has claimed that Ukraine could be behind a recent drone strike against a Wagner-backed fighter group in Sudan.

CNN, quoting sources in the Ukrainian military, reported that ‘Ukrainian special services were likely responsible’ for a series of drone strikes against Rapid Support Forces (RSF). The group is militarily backed by Wagner and is fighting the Sudanese government for control of the country.

Watch |&nbsp;Azerbaijan launches operation against Armenian forces in Nagorno-Karabakh

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/azerbaijan-launches-operation-against-armenian-forces-in-nagorno-karabakh-637723/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

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<div class="videoWrapper trancodeVideo">Watch |&nbsp;Global debt hits record $307 trillion, debt ratios climb</div>

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<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/global-debt-hits-record-307-trillion-debt-ratios-climb-637730/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

Canadian Prime Minister Justin Trudeau sought a collective declaration from the Five Eyes alliance members to release the investigation results indicating the involvement of 'Indian government agents' in the demise of Khalistan militant Hardeep Singh Nijjar.

Canadian Prime Minister Justin Trudeau sought a collective declaration from the Five Eyes alliance members to release the investigation results indicating the involvement of 'Indian government agents' in the demise of Khalistan militant Hardeep Singh Nijjar. In the UN General Assembly, Israel's ambassador Gilad Erdan was detained by security personnel as he protested against Iranian President Ebrahim Raisi's speech. In other news, an exclusive CNN report has claimed that Ukraine could be the culprit behind a recent drone attack against a Wagner-backed fighter group in Sudan. Click on the headlines to read more. US, other allies refused to join Canada in condemning India over Hardeep Singh Nijjar’s death: Report Canadian Prime Minister Justin Trudeau wanted the Five Eyes alliance members to jointly announce the probe findings that allegedly point to ‘Indian government agents’ role in the death of Khalistan terrorist Hardeep Singh Nijjar, reports Washington Post newspaper. Israeli ambassador shown out of UN assembly hall for protesting Iranian president's speech. Watch United Nations security personnel briefly detained Israel's ambassador to the UN, Gilad Erdan, as he protested Iranian President Ebrahim Raisi's speech at the General Assembly. Although the reason for his detention remained unclear, he was later released. This incident occurred against the backdrop of Erdan's condemnation of Raisi as a "vile murderer." Ukraine ‘likely’ behind drone attacks on Wagner-backed forces in Africa: Report A bombshell CNN report has claimed that Ukraine could be behind a recent drone strike against a Wagner-backed fighter group in Sudan. CNN, quoting sources in the Ukrainian military, reported that ‘Ukrainian special services were likely responsible’ for a series of drone strikes against Rapid Support Forces (RSF). The group is militarily backed by Wagner and is fighting the Sudanese government for control of the country. Watch | Azerbaijan launches operation against Armenian forces in Nagorno-Karabakh Watch | Global debt hits record $307 trillion, debt ratios climb

Morning brief: US rejects Canada's call to slam India in Nijjar case, Azerbaijan strikes Karabakh, & more

A looming government shutdown threatens to postpone the release of a variety of US economic data, depriving markets, companies, and policymakers of crucial information on which to base decisions at home and abroad.

Will shutdown impact US economic reports?

Two major banking giants, Goldman Sachs and J. P. Morgan, have delivered a sobering blow to the UK's economic outlook. In a surprising move, both institutions have slashed their full-year growth forecasts for the UK's gross domestic product (GDP) following an unexpected and sharp contraction in July.

UK GDP growth forecasts slashed by Goldman Sachs & JP Morgan

The gathering of global leaders in New Delhi for the G20 Summit concluded on Sunday with India passing on the Baton to Brazil. This year's G20 saw many notable reforms including a consensus on several issues and inclusion of the African Union. There were also many key economic takeaways as well let's take a look.

G20 Summit 2023: India-Middle East- Europe economic corridor announced

Government, industry, and labor union leaders are still at odds about what needs to be done 18 months after South African President Cyril Ramaphosa promised to create a "social compact" within 100 days to jump-start the economy and address high unemployment and a variety of other maladies.

South Africa's Economic Meltdown: No consensus in sight

The stage is set for the G20 Summit as the Grand Summit will begin shortly in India's national capital New Delhi. The world's most powerful leaders are expected to discuss key issues related to global economic security and climate over the course of the next two days. A lot is lined up for day one of the summit.

G20 Summit 2023: PM Modi to meet US president, Bangladesh and Mauritius PM

The stage is set for the G20 Summit as the Grand Summit will begin shortly in India's national capital New Delhi. The world's most powerful leaders are expected to discuss key issues related to global economy security and climate over the course of next two days. A lot is lined up for the day one of the summit.

G20 Summit 2023: PM Modi to hold talks with leaders of UK, Germany & Italy

The global leaders from the G20 grouping are in New Delhi for the G20 Summit as India navigates this historical milestone and continues to be the fastest-growing major economy. The Indian investors will need a whole new range of asset classes to invest in those extra dollars that they are likely to earn but the question is are the financial bodies ready.

India is on the cusp of becoming third-largest economy

The stage is set for the G20 Summit, as the grand Summit will begin shortly in India's National Capital, New Delhi. The world's most powerful leaders are expected to discuss key issues related to the world economy and climate as part of the two-day summit.

G20 Summit 2023: From key sessions to bilaterals, a lot is lined up

To boost foreign inflows into India’s manufacturing and industrial sectors, New Delhi plans to liberalise foreign investments in the ‘non-services sector’ by offering safeguards against future political and economic risks to potential investors on their pre-investment activities.

Sources said the Department for Promotion of Industry and Internal Trade (DPIIT) could soon be deployed to negotiate a chapter on investment liberalisation in the ‘non-services sector’ in the ongoing Free Trade Agreement (FTA) discussions.

The chapter could include ‘pre-establishment’ protection in ‘non-services sector’ whereby investors would get bilateral treaty protection through State-State Dispute Settlement (SSDS) on their pre-investment activities before the venture is established in the territory of either country, they said.

This is a major turnaround from India’s stand since 2015 when New Delhi decided to shun ‘pre-establishment’ obligations to investments in the non-services sector as it risked limiting the country’s policy space, and it revised the Model Bilateral Investment Treaty (BIT) to allow treaty protection to investments only after the ventures were established.

Model BIT 2015 says: "…nothing in this Treaty shall extend to any pre-investment activity related to establishment, acquisition or expansion of any investment, or to any measure related to such pre-investment activities, including terms and conditions under such measure which continue to apply post-investment to the management, conduct, operation, sale or other disposition of such investments”.

Presently, India provides liberalisation commitments in the pre-establishment phase only in the ‘services sector’ while its post-establishment protection is covered in the BIT.

Traditionally, investment treaties have been protective (post-establishment) but as the global trade evolved, these treaties came to encompass liberalisation (pre-establishment) elements as well such as the North American Free Trade Agreement (NAFTA) in 1994.

Development of new consumption trends, altered patterns of international production, emergence of global value chains, more and easier access to market information, and a tougher international competitive environment have affected the way nations negotiate investment treaties.

Sources said India’s thinking is to replace the present Investor-State Dispute Settlement Mechanism which has been the major cause for the country’s cautious 2015 BIT due to adverse arbitration awards against it. Instead, dispute resolutions would be through State-State Dispute Settlement Mechanism.

They said the bilateral treaties would explicitly list the specific sectors where investment commitments would be protected, rather than issue a negative list where each side is considered to have liberalised all sectors, except those highlighted as ‘No Go’ areas.

Also read |<a href="https://www.wionews.com/business-economy/nvidia-indias-reliance-strike-ai-partnership-for-apps-language-models-633792">&nbsp;Nvidia, India's Reliance strike AI partnership for apps, language models</a>

India’s attempts to conclude international investment agreements (IIAs) have yielded limited success as FTAs with&nbsp;Australia,&nbsp;Mauritius, and the&nbsp;United Arab Emirates (UAE) do not contain provisions for overall protection and the standalone BITs with Brazil, Belarus and Kyrgyzstan are not yet in force. FTA negotiations with the United Kingdom, the European Union (EU) and Canada, including for an investment chapter, are ongoing.

Also watch |&nbsp;G20 Summit 2023: How much financial loss will Delhi's most popular markets bear due to closures?

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/g20-summit-2023-how-much-financial-loss-will-delhis-most-popular-markets-bear-due-to-closures-633831/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

The Parliamentary Consultative Committee of the Ministry of Commerce &amp; Industry on ‘New Foreign Trade Policy 2021-26’ found&nbsp;“the number of BITs/Investment Agreements signed post 2015 and the number under negotiations as inadequate and not commensurate with the growth of India’s interest in this domain and her rising stature in global affairs”.

&nbsp;

WATCH WION LIVE HERE:

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To boost foreign inflows into India’s manufacturing and industrial sectors, New Delhi plans to liberalise foreign investments in the ‘non-services sector’ by offering safeguards against future political and economic risks to potential investors on their pre-investment activities.

To boost foreign inflows into India’s manufacturing and industrial sectors, New Delhi plans to liberalise foreign investments in the ‘non-services sector’ by offering safeguards against future political and economic risks to potential investors on their pre-investment activities. Sources said the Department for Promotion of Industry and Internal Trade (DPIIT) could soon be deployed to negotiate a chapter on investment liberalisation in the ‘non-services sector’ in the ongoing Free Trade Agreement (FTA) discussions. The chapter could include ‘pre-establishment’ protection in ‘non-services sector’ whereby investors would get bilateral treaty protection through State-State Dispute Settlement (SSDS) on their pre-investment activities before the venture is established in the territory of either country, they said. This is a major turnaround from India’s stand since 2015 when New Delhi decided to shun ‘pre-establishment’ obligations to investments in the non-services sector as it risked limiting the country’s policy space, and it revised the Model Bilateral Investment Treaty (BIT) to allow treaty protection to investments only after the ventures were established. Model BIT 2015 says: "…nothing in this Treaty shall extend to any pre-investment activity related to establishment, acquisition or expansion of any investment, or to any measure related to such pre-investment activities, including terms and conditions under such measure which continue to apply post-investment to the management, conduct, operation, sale or other disposition of such investments”. Presently, India provides liberalisation commitments in the pre-establishment phase only in the ‘services sector’ while its post-establishment protection is covered in the BIT. Traditionally, investment treaties have been protective (post-establishment) but as the global trade evolved, these treaties came to encompass liberalisation (pre-establishment) elements as well such as the North American Free Trade Agreement (NAFTA) in 1994. Development of new consumption trends, altered patterns of international production, emergence of global value chains, more and easier access to market information, and a tougher international competitive environment have affected the way nations negotiate investment treaties. Sources said India’s thinking is to replace the present Investor-State Dispute Settlement Mechanism which has been the major cause for the country’s cautious 2015 BIT due to adverse arbitration awards against it. Instead, dispute resolutions would be through State-State Dispute Settlement Mechanism. They said the bilateral treaties would explicitly list the specific sectors where investment commitments would be protected, rather than issue a negative list where each side is considered to have liberalised all sectors, except those highlighted as ‘No Go’ areas. Also read | Nvidia, India's Reliance strike AI partnership for apps, language models India’s attempts to conclude international investment agreements (IIAs) have yielded limited success as FTAs with Australia, Mauritius, and the United Arab Emirates (UAE) do not contain provisions for overall protection and the standalone BITs with Brazil, Belarus and Kyrgyzstan are not yet in force. FTA negotiations with the United Kingdom, the European Union (EU) and Canada, including for an investment chapter, are ongoing. Also watch | G20 Summit 2023: How much financial loss will Delhi's most popular markets bear due to closures? The Parliamentary Consultative Committee of the Ministry of Commerce & Industry on ‘New Foreign Trade Policy 2021-26’ found “the number of BITs/Investment Agreements signed post 2015 and the number under negotiations as inadequate and not commensurate with the growth of India’s interest in this domain and her rising stature in global affairs”. WATCH WION LIVE HERE:

Excl: India may liberalise foreign investment in non-services sector through ‘pre-establishment’ protection

The G20 Summit is underway in India's capital New Delhi all eyes on the top leaders of the biggest economies of the world and the discussions that are likely to take place over the course of the two days.

G20 Summit 2023: World economy in focus of discussions at the G20

The upcoming G20 summit in New Delhi will be unlike any other held in the past. It comes at a time when the world faces significant headwinds - from the COVID-19 pandemic, the Ukraine war, and an economic slowdown in China and Europe.

The world has been in limbo for the last three years. The once-in-a-century Covid-19 pandemic &amp; the Ukraine war have dragged the global economy down.

Inflation is soaring globally. Many countries are either flirting with or are already in recession. The world is looking at the G20 bloc for a solution since it represents around 85 per cent of global GDP and two-thirds of the world's population.

"Taking up the presidency amidst widespread polarisation and geopolitical rigidities, the G20 summit is an opportunity for India to steer the conversation towards human-centric development that aligns with the priorities of the global South," says Ashwajit Singh, Managing Director, IPE Global, a global development consultancy.

The G20 summit is likely to focus on three major issues affecting the global economy at the moment:

Supply chain disruptions &amp; trade fragmentations

Ballooning global debt in the global South

Global action to mitigate climate change

Supply chain disruptions &amp; trade fragmentation

China's draconian COVID-19 lockdowns not only raised inflation and&nbsp;slowed down global growth it also exposed the world's over-dependence on China as the factory. With the West desperate to 'de-risk' from China, the upcoming Summit may deliberate on a new global infrastructure, where multiple countries will hold the key to the international supply chain.

While the world still needs to be fully fragmented into trading blocs, a World Trade Organisation report shows that global trade will grow by just 0.5 per cent if fragmentation takes shape.

The International Monetary Fund estimates global fragmentation reduces global economic output by about $7.4 trillion.

To protect developing countries in Asia, Africa and Latin America from fragmentation, the G20 summit is likely to push for a more open and transparent rules-based trade.

Ballooning global debt in the global South

The Covid-19 pandemic led to an increase in the debt burden worldwide, especially in the developing world. According to an IMF report, global debt reached an alarming $226 trillion by the end of 2021. India, which is pitching itself as the voice of the global South, hopes to create a global framework for reducing the debt burden on developing countries through renegotiating bilateral and multilateral loans.

In a clear indication of India's concern about the global debt crisis, Indian PM Narendra Modi recently said, "The Global Sovereign Debt Roundtable will strengthen communication among key stakeholders and facilitate effective debt treatment to accelerate global debt restructuring efforts."

New Delhi is likely to find support from Washington DC, which is&nbsp;pushing for a larger restructuring of multilateral developmental organisations like the IMF and&nbsp;World Bank at the Summit, intending to boost credit lines for infrastructure projects and climate finance.

Global action to mitigate climate change

Climate change is the single biggest challenge the world will face in the future. A recent G20 report shows that the chronic physical risk from climate change is estimated to impact up to 6 per cent of global Gross Domestic Product by 2050, rising to 18 per cent of global GDP by 2100.

The economic impact will be much higher for tropical countries in Africa and Southeast Asia.

Energy transition to low-carbon alternatives – a key part of the net-zero agenda of countries – and financing the climate mitigation goals of the developing world will be high on the agenda, with India likely to play a lead role on behalf of the global South.

"Bringing climate actions from margins to mainstream should be the walk-the-talk agenda. Failure to foster climate action will further ravage the lives and livelihoods of millions. G20 nations must commit to act decisively with shared responsibility and urgency," Abinash Mohanty, an expert reviewer of the IPCC's sixth assessment report, tells wionews.com.

But the September 9 and 10 discussions will have their fair share of drama. Two member countries -- Russia and China -- are at loggerheads with the West. So, coming to a consensus on reshaping the world economy will be a tall order. It will certainly be the test of India's global leadership ambitions.

The upcoming G20 summit in New Delhi will be unlike any other held in the past. It comes at a time when the world faces significant headwinds - from the COVID-19 pandemic, the Ukraine war, and an economic slowdown in China and Europe.

The upcoming G20 summit in New Delhi will be unlike any other held in the past. It comes at a time when the world faces significant headwinds - from the COVID-19 pandemic, the Ukraine war, and an economic slowdown in China and Europe. The world has been in limbo for the last three years. The once-in-a-century Covid-19 pandemic & the Ukraine war have dragged the global economy down. Inflation is soaring globally. Many countries are either flirting with or are already in recession. The world is looking at the G20 bloc for a solution since it represents around 85 per cent of global GDP and two-thirds of the world's population. "Taking up the presidency amidst widespread polarisation and geopolitical rigidities, the G20 summit is an opportunity for India to steer the conversation towards human-centric development that aligns with the priorities of the global South," says Ashwajit Singh, Managing Director, IPE Global, a global development consultancy. The G20 summit is likely to focus on three major issues affecting the global economy at the moment: Supply chain disruptions & trade fragmentations Ballooning global debt in the global South Global action to mitigate climate change Supply chain disruptions & trade fragmentation China's draconian COVID-19 lockdowns not only raised inflation and slowed down global growth it also exposed the world's over-dependence on China as the factory. With the West desperate to 'de-risk' from China, the upcoming Summit may deliberate on a new global infrastructure, where multiple countries will hold the key to the international supply chain. While the world still needs to be fully fragmented into trading blocs, a World Trade Organisation report shows that global trade will grow by just 0.5 per cent if fragmentation takes shape. The International Monetary Fund estimates global fragmentation reduces global economic output by about $7.4 trillion. To protect developing countries in Asia, Africa and Latin America from fragmentation, the G20 summit is likely to push for a more open and transparent rules-based trade. Ballooning global debt in the global South The Covid-19 pandemic led to an increase in the debt burden worldwide, especially in the developing world. According to an IMF report, global debt reached an alarming $226 trillion by the end of 2021. India, which is pitching itself as the voice of the global South, hopes to create a global framework for reducing the debt burden on developing countries through renegotiating bilateral and multilateral loans. In a clear indication of India's concern about the global debt crisis, Indian PM Narendra Modi recently said, "The Global Sovereign Debt Roundtable will strengthen communication among key stakeholders and facilitate effective debt treatment to accelerate global debt restructuring efforts." New Delhi is likely to find support from Washington DC, which is pushing for a larger restructuring of multilateral developmental organisations like the IMF and World Bank at the Summit, intending to boost credit lines for infrastructure projects and climate finance. Global action to mitigate climate change Climate change is the single biggest challenge the world will face in the future. A recent G20 report shows that the chronic physical risk from climate change is estimated to impact up to 6 per cent of global Gross Domestic Product by 2050, rising to 18 per cent of global GDP by 2100. The economic impact will be much higher for tropical countries in Africa and Southeast Asia. Energy transition to low-carbon alternatives – a key part of the net-zero agenda of countries – and financing the climate mitigation goals of the developing world will be high on the agenda, with India likely to play a lead role on behalf of the global South. "Bringing climate actions from margins to mainstream should be the walk-the-talk agenda. Failure to foster climate action will further ravage the lives and livelihoods of millions. G20 nations must commit to act decisively with shared responsibility and urgency," Abinash Mohanty, an expert reviewer of the IPCC's sixth assessment report, tells wionews.com. But the September 9 and 10 discussions will have their fair share of drama. Two member countries -- Russia and China -- are at loggerheads with the West. So, coming to a consensus on reshaping the world economy will be a tall order. It will certainly be the test of India's global leadership ambitions.

G20 Summit 2023: Decoding the key economic agendas for the meeting

India, which accounts for 75% of global commerce and 85% of the world's GDP, has assumed the G20 presidency. Although it is a significant event, there are still difficulties involved.

G20 Summit 2023 | India's G20 Challenge: Retaining talent and attracting investment

British Prime Minister arrived in Delhi on Friday afternoon for the G20 summit. He was received by MoS Ashwini Choubey and UK envoy to New Delhi, Alex Ellis. This is Sunak's first visit to India since he took office last year.

G20 Summit 2023: Rishi Sunak in India to attend two-day Summit

World leaders have started arriving for the much-awaited G20 Summit and New Delhi is busy for a wholesome welcome. 20 countries and their leaders will share the same roof now these are some of the biggest economies in the world. A lot is expected in the days to come but what is in this for India let's decode this.

What can India gain from the G20 Summit?

We delve into the world of international trade and the pivotal role played by the G20. India's current presidency brings both opportunities and challenges to the forefront. In this report, we'll explore how India aims to capitalise on this global stage while also addressing the pressing issue of rising food prices in the wake of the Russia-Ukraine conflict.

How will G20 shape global trade?

G20's role in shaping the future of global trade

The Russian government's revenue from oil and natural gas exports fell in August despite a rise in crude prices and a depreciating Rouble, driven largely by government subsidies for the country's refiners.

Russia's oil & gas revenue slumps despite rising crude prices

The G20 Summit is just around the corner and in this segment we dab into the world of International trade and the pivotal role played by the G20. India's current presidency of the G20 brings both opportunities and challenges to the forefront. In this report let's explore how India aims to capitalize on this on the global stage while also addressing the pressing issue of rising food prices in the wake of the Russia-Ukraine conflict.

G20 Summit will confront rising food prices in global trade

The central bank in Turkiye has a difficult situation as it hikes interest rates to attempt to address a cost-of-living problem since inflation has escalated far quicker than projected, with the biggest increase since the beginning of 2022.

Turkey's central bank battles inflation

The chief of the World Trade Organisation (WTO) lashed out at Western nations, saying they were moving towards a power-based global economic system by adopting protectionist measures.

WTO chief accuses Western nations of protectionism

The upcoming G20 Summit is in New Delhi and it's being held at a time when the world is facing significant economic headwinds from the COVID-19 pandemic, war in Ukraine, and economic slowdown in China and Europe. These are what the world leaders will have to deal with and in the next report, we look at the possible economic challenges that the summit has. Take a look.

Economic challenges await the upcoming G20 Summit

The Bharat Mandapam International Exhibition-Convention Centre (IECC) in New Delhi will host the G20 Ministers Meeting in 2023. The G20 Summit 2023 in New Delhi is set for September 9 and 10, 2023, and will feature participation from the leaders of 20 nations.

G20 Summit 2023: All meetings to be held in Pragati Maidan's Bharat Mandapam

China's economic recovery is being weighed down by a worsening property slump, with the latest data likely to show little sign of a rebound in growth. Official figures due Tuesday are expected to show only moderate increases in industrial output, retail sales, and fixed-assets investment in July.

China’s economic recovery faces fresh risks from property crisis

The G20 Summit today because all eyes will be on the crucial Summit this week. Several world leaders will gather and discuss key issues on the global economy but the meat in New Delhi is not only from its challenges it will be a test for New Delhi as a delegate game of diplomacy plays out well ahead of the summit the UK India trade deal seems to be in jeopardy.

G20 Summit 2023: Canada unexpectedly pauses trade talks with India

Here we bring you a quick round-up of all the latest news and top headlines from all across the globe: Prime Minister Narendra Modi on Sunday shrugged off Pakistan and China's objections over G20 events being held in Kashmir and Arunachal Pradesh. PM Modi said that it is natural for India to hold G20 meetings in every part of the country.

G20 Summit 2023: Indian PM shrugs off Pakistan, China objections on G20 venues

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