china where countries supported by stronger energy production and a moderation in raw material prices its factory output has grown faster than expected last month.

China's factory output rose 3.8% in November

In a bid to increase its depleting forex reserves, the Sri Lankan government has reportedly decided to lease out about 50 valuable plots to foreign investors for development projects.

Sri Lankan government to lease 50 valuable plots to foreign investors amid economic crisis

Turkey's Central bank rushes to the rescue of the economy as the currency Lira plummets to a new low. Lira crashed as much as 7%.

Turkish currency Lira plummets to a new low

Wholesale prices in Germany sees a record jump. Higher consumer prices may, in turn, burden the general public.

German wholesale prices see record jump | Higher consumer prices may follow

As China's property crisis worsens, and the economy takes a downturn in November, The Government rises to action. Beijing has shifted policy direction this month.

China's property crisis worsens as the economy takes a downturn in November

With new US sanctions denting Communist Cuba's economy, recovery hopes for the nation seemed grim. Cuba's economy had declined 10.9% in 2020.

Communist-run country Cuba struggling to recover from economic crisis

Iran's President Ebrahim Raisi presented state draft budget. Iran is eyeing an increase in oil sales despite sanctions from the US. The draft budget has to be passed by the parliament.

Iran: President Raisi presents draft state budget

The economy in Britain is set to grow more slowly now than previously thought this year. Economic growth is expected to grow at 6.9% in 2021 and 5.1% in 2022.

United Kingdom: Supply chain disruptions hit economy

President Joe Biden, confronting a worrisome new coronavirus variant and the potential of a winter surge, will lay out a new pandemic strategy Thursday afternoon that includes hundreds of vaccination sites aimed at families, booster shots for all adults, insurance reimbursement for at-home coronavirus tests and fresh travel restrictions, including a requirement that international travelers must show proof of a negative coronavirus test taken within a day before departing for the United States.

Biden plans to announce the strategy at the National Institutes of Health. It comes a day after the new omicron variant was detected in the United States for the first time, in California.

Senior administration officials, speaking on condition of anonymity to preview the plan, said it was aimed at keeping the economy, workplaces and schools open.

A big part of the plan is a renewed push to get people vaccinated, including the latest group to become eligible: children ages 5-11. The administration plans to launch “hundreds of family vaccination clinics” that will offer vaccinations and boosters for people of all eligible ages, according to a fact sheet provided by the White House.

The president will also announce a national campaign to reach the 100 million Americans who are eligible for booster shots and have not had them. The campaign will include paid advertising and free rides to vaccination sites coordinated by AARP, the advocacy group for older Americans. And the Federal Emergency Management Agency will launch what the administration is calling Family Mobile Vaccination Clinics, beginning with deployments to Washington and New Mexico. The goal is for states and localities to replicate the model “with full federal funding and support,” officials said.

Biden will call on employers to provide paid time off for employees to get boosters.

Biden ran for office in 2020 on a promise to get the pandemic under control. Since then, though, the virus “has thrown us a number of curveballs, and unfortunately they were thrown at 200 miles an hour,” said Michael Osterholm, who directs the Center for Infectious Disease Research and Policy at the University of Minnesota.

Many experts predict a surge in the United States over the winter, regardless of whether the omicron variant spreads widely in the country. The nation has been reporting an average of more than 80,000 new cases a day over the last few weeks, according to a New York Times database. Six months ago, the average was roughly 12,000 new cases a day.

The Biden administration’s pandemic response has relied heavily on vaccinations — too heavily, in the view of some experts, who have argued for months that testing and mask-wearing are also essential to containing the virus and will become even more so if the omicron variant is found to evade protection from vaccines.

The variant was first spotted by scientists in southern Africa and is now known to be present in more than 30 countries, including the United States. It has mutations that scientists say may allow it to spread more quickly and cause more breakthrough infections in vaccinated or previously infected people, though neither characteristic has yet been confirmed.

In the United States, home coronavirus tests have been relatively hard to come by because of supply shortages, and they are expensive — as much as $25 apiece. Dr. Carlos del Rio, an infectious disease specialist at Emory University, said that rather than have people go through the cumbersome process of seeking insurance reimbursement for tests, “we should just subsidize them and make it incredibly cheap.”

In Britain, he noted, rapid tests are free, and in Germany they cost consumers about $1 apiece.

Reimbursement for at-home tests in the United States will not happen immediately and will not be retroactive, the senior administration officials said, adding that federal agencies would issue guidance by Jan. 15 to clarify that insurers would have to reimburse people for at-home tests during the COVID-19 public health emergency. It was unclear how many tests a person could be reimbursed for buying.

Private insurers already cover the cost of coronavirus tests administered in doctors' offices and other medical facilities. At least eight at-home tests are on the U.S. market.

Looking forward, experts envision a world where people will test themselves as soon as they exhibit symptoms — and then, if they are positive, would go into quarantine and seek treatment with new antiviral medicines that are in development. The White House says it is taking steps to secure 13 million courses of antiviral treatments.

Biden’s new strategy will extend the current mask mandate for people on airplanes, trains and buses and in terminals and transit hubs through mid-March.

Only six states now require people to wear masks in indoor public settings regardless of their vaccination status. Three more — California, New York and Connecticut — require masks indoors for people who are unvaccinated.

President Joe Biden, confronting a worrisome new coronavirus variant and the potential of a winter surge, will lay out a new pandemic strategy Thursday afternoon that includes hundreds of vaccination sites aimed at families, booster shots for all adults, insurance reimbursement for at-home coronavirus tests and fresh travel restrictions, including a requirement that international travelers must show proof of a negative coronavirus test taken within a day before departing for the United States.

President Joe Biden, confronting a worrisome new coronavirus variant and the potential of a winter surge, will lay out a new pandemic strategy Thursday afternoon that includes hundreds of vaccination sites aimed at families, booster shots for all adults, insurance reimbursement for at-home coronavirus tests and fresh travel restrictions, including a requirement that international travelers must show proof of a negative coronavirus test taken within a day before departing for the United States. Biden plans to announce the strategy at the National Institutes of Health. It comes a day after the new omicron variant was detected in the United States for the first time, in California. Senior administration officials, speaking on condition of anonymity to preview the plan, said it was aimed at keeping the economy, workplaces and schools open. A big part of the plan is a renewed push to get people vaccinated, including the latest group to become eligible: children ages 5-11. The administration plans to launch “hundreds of family vaccination clinics” that will offer vaccinations and boosters for people of all eligible ages, according to a fact sheet provided by the White House. The president will also announce a national campaign to reach the 100 million Americans who are eligible for booster shots and have not had them. The campaign will include paid advertising and free rides to vaccination sites coordinated by AARP, the advocacy group for older Americans. And the Federal Emergency Management Agency will launch what the administration is calling Family Mobile Vaccination Clinics, beginning with deployments to Washington and New Mexico. The goal is for states and localities to replicate the model “with full federal funding and support,” officials said. Biden will call on employers to provide paid time off for employees to get boosters. Biden ran for office in 2020 on a promise to get the pandemic under control. Since then, though, the virus “has thrown us a number of curveballs, and unfortunately they were thrown at 200 miles an hour,” said Michael Osterholm, who directs the Center for Infectious Disease Research and Policy at the University of Minnesota. Many experts predict a surge in the United States over the winter, regardless of whether the omicron variant spreads widely in the country. The nation has been reporting an average of more than 80,000 new cases a day over the last few weeks, according to a New York Times database. Six months ago, the average was roughly 12,000 new cases a day. The Biden administration’s pandemic response has relied heavily on vaccinations — too heavily, in the view of some experts, who have argued for months that testing and mask-wearing are also essential to containing the virus and will become even more so if the omicron variant is found to evade protection from vaccines. The variant was first spotted by scientists in southern Africa and is now known to be present in more than 30 countries, including the United States. It has mutations that scientists say may allow it to spread more quickly and cause more breakthrough infections in vaccinated or previously infected people, though neither characteristic has yet been confirmed. In the United States, home coronavirus tests have been relatively hard to come by because of supply shortages, and they are expensive — as much as $25 apiece. Dr. Carlos del Rio, an infectious disease specialist at Emory University, said that rather than have people go through the cumbersome process of seeking insurance reimbursement for tests, “we should just subsidize them and make it incredibly cheap.” In Britain, he noted, rapid tests are free, and in Germany they cost consumers about $1 apiece. Reimbursement for at-home tests in the United States will not happen immediately and will not be retroactive, the senior administration officials said, adding that federal agencies would issue guidance by Jan. 15 to clarify that insurers would have to reimburse people for at-home tests during the COVID-19 public health emergency. It was unclear how many tests a person could be reimbursed for buying. Private insurers already cover the cost of coronavirus tests administered in doctors' offices and other medical facilities. At least eight at-home tests are on the U.S. market. Looking forward, experts envision a world where people will test themselves as soon as they exhibit symptoms — and then, if they are positive, would go into quarantine and seek treatment with new antiviral medicines that are in development. The White House says it is taking steps to secure 13 million courses of antiviral treatments. Biden’s new strategy will extend the current mask mandate for people on airplanes, trains and buses and in terminals and transit hubs through mid-March. Only six states now require people to wear masks in indoor public settings regardless of their vaccination status. Three more — California, New York and Connecticut — require masks indoors for people who are unvaccinated.

Biden’s winter Covid plan is aimed at keeping the US economy open

Pakistan’s Prime Minister Imran Khan has barred federal cabinet members from going abroad without permission. This is an attempt by Khan to reduce the government's spending as the country's inflation rate continues to sky-rocket.

Pakistan PM Imran Khan forbids ministers from travelling abroad

Thailand was among the first countries in Asia to reopen for foreign tourists, and it is now seeing a slow recovery. Tourism is an incredibly important sector for the countries economy.

A month after reopening, Thailand sees gradual tourism recovery

'Pakistan is running out of money. The sustainability of our country is at stake, there's no money to run the nation,' says PM Imran Khan. Inflation is battering the economy, it has surged by almost 9.2% in October from 2020, prices of everyday goods are on the rise. WION's correspondent Anas Mallick brings us all the latest developments.

Inflation: Rising foreign debt a national security issue, says Pakistan PM Imran Khan

As the global supply crisis and covid-19 hit business consumer spending the Japans's economy contracts much faster in the 3rd quarter, raising challenges for the new govt's growth plans.

World Business Watch: Japan's economy shrinks more than expected

The early monsoons in Sri Lanka marked the start of the planting season for the farmers. But, instead of preparing their fields, farmers are protesting. In focus is a controversial policy decision to shift to organic fertilisers.

Push to farm organically affects Sri Lanka's economy, fear of food shortage looms

The economy is on a recovery path in India's ride-hailing industry, which was hit by the COVID-19 pandemic last year. WION speaks to Prabhjeet Singh, Uber India & South Asia President to get more insights on the matter.

World Business Watch: Economic recovery visible in India's ride-hailing industry

Protests against price rise continue to haunt Imran Khan's government. Pakistan's economic intelligence unit has said that inflation will rise for the next half year in the country.

Pakistan: Protests against skyrocketing prices, opposition slams PM Imran Khan

Since the beginning of this year, the world witnessed record-breaking summer temperatures, multiple wildfires, numerous floods and unexpected winters, these are all consequences of climate change but it has also impacted the economy, here's how!

Climate change's impact on world's poorest economies

Since the Taliban took control of Afghanistan, the country has been struggling to battle poverty. Amid an economic crisis, residents of the Afghan capital city Kabul have revealed that they have been worried about the approach of winter.&nbsp;

"The winter is very cold right now and people do not even have the money to buy a kilo of gas, coal and wood and they are facing a lot of problems," said Masood Ahmad Bashiri, a Kabul resident.

Many Afghans have been selling possessions to buy food as the Taliban is unable to pay wages to civil servants. Also, the urban communities are facing food insecurity similar to rural areas.

"If foreigners help us this year, who will help us in the years to come? So, for this reason, we have to find a solution ourselves and build up our country," said another Kabul resident Esmatullah Atal.

<a href="https://www.wionews.com/south-asia/nearly-130-displaced-families-receive-aid-amid-rising-poverty-in-afghanistan-424819">Also read |&nbsp;Nearly 130 displaced families receive aid amid rising poverty in Afghanistan</a>

Meanwhile, various aid agencies distributed food, blankets and cash to nearly 130 displaced families in Kabul.&nbsp;UNHCR spokesperson Babar Baloch said that around 9 million Afghans are "just one step away from starvation." He further added that 700,000 people, mostly women and children, have been displaced this year alone.

The distribution was overseen by the UN High Commissioner for Refugees (UNHCR), the World Food Programme (WFP) and the Danish aid agency DACAAR.

"It's a story of hunger, of conflict, of poverty and now winter is coming as well. Afghans need help desperately and quickly," said Baloch.

Chinese Foreign Minister Wang Yi also urged the World Bank and International Monetary Fund (IMF) to resume financing support to Afghanistan for reconstruction.&nbsp;

Various financial institutions suspended their engagement with the country until there was clarity within the international community on the recognition of the government led by the Taliban.

Currently, banks are running out of money, civil servants have not been paid and food prices have surged.&nbsp;

The IMF said that Afghanistan's economy was set to contract up to 30 per cent this year. "Afghanistan is in need of revival on all fronts, and development is the top priority," said Wang.

Since the Taliban took control of Afghanistan, the country has been struggling to battle poverty. Amid an economic crisis, residents of the Afghan capital city Kabul have revealed that they have been worried about the approach of winter.

Since the Taliban took control of Afghanistan, the country has been struggling to battle poverty. Amid an economic crisis, residents of the Afghan capital city Kabul have revealed that they have been worried about the approach of winter. "The winter is very cold right now and people do not even have the money to buy a kilo of gas, coal and wood and they are facing a lot of problems," said Masood Ahmad Bashiri, a Kabul resident. Many Afghans have been selling possessions to buy food as the Taliban is unable to pay wages to civil servants. Also, the urban communities are facing food insecurity similar to rural areas. "If foreigners help us this year, who will help us in the years to come? So, for this reason, we have to find a solution ourselves and build up our country," said another Kabul resident Esmatullah Atal. Also read | Nearly 130 displaced families receive aid amid rising poverty in Afghanistan Meanwhile, various aid agencies distributed food, blankets and cash to nearly 130 displaced families in Kabul. UNHCR spokesperson Babar Baloch said that around 9 million Afghans are "just one step away from starvation." He further added that 700,000 people, mostly women and children, have been displaced this year alone. The distribution was overseen by the UN High Commissioner for Refugees (UNHCR), the World Food Programme (WFP) and the Danish aid agency DACAAR. "It's a story of hunger, of conflict, of poverty and now winter is coming as well. Afghans need help desperately and quickly," said Baloch. Chinese Foreign Minister Wang Yi also urged the World Bank and International Monetary Fund (IMF) to resume financing support to Afghanistan for reconstruction. Various financial institutions suspended their engagement with the country until there was clarity within the international community on the recognition of the government led by the Taliban. Currently, banks are running out of money, civil servants have not been paid and food prices have surged. The IMF said that Afghanistan's economy was set to contract up to 30 per cent this year. "Afghanistan is in need of revival on all fronts, and development is the top priority," said Wang.

Kabul residents worried about crashing economy as winter approaches

According to polls, Indonesia's economic growth is expected to have slowed significantly in the third quarter as restrictions imposed to prevent the spread of the Coronavirus Delta variant put the brakes on a nascent recovery.

Poll: Indonesia's GDP growth set to slow in Q3 as COVID-19 curbs bite

The Taliban announced a complete ban on the use of foreign currency in Afghanistan, a move that could further disrupt an economy on the brink of collapse.

Taliban ban use of foreign currency in Afghanistan

Asia's manufacturing activity has grown in the month of October as emerging economies saw COVID-19 infections subside, but rising input costs, material shortages, and slowing Chinese growth cloud the outlook.

Asian factories shake off lockdown blues, now face supply headaches

China's factory activity contracted more than expected in October to shrink for a second month, hurt by persistently high raw material prices and softer domestic demand, pointing to more economic disquiet in the final quarter of 2021.

China’s falling factory activity a sign of economic woes ahead

Climate change and the relaunch of the global economy will top the G20 agenda as leaders of the world's most advanced nations meet Saturday, the first in-person gathering since the pandemic.

Looming over the two-day talks in Rome is pressure to make headway on tackling global warming, ahead of the key COP26 summit kicking off in Glasgow Monday.

Also Read |&nbsp;<a href="https://www.wionews.com/world/covid-19-g20-wants-70-of-world-vaccinated-by-mid-2022-sets-up-task-force-for-pandemic-fight-425097">COVID-19: G20 wants 70% of world vaccinated by mid-2022, sets up task force for pandemic fight</a>

The stakes are high, with United Nations Secretary General Antonio Guterres warning G20 leaders Friday to show "more ambition and more action" and overcome mistrust in order to advance climate goals.

"We are still on time to put things on track, and I think the G20 meeting is the opportunity to do that," Guterres said.

Italian Prime Minister Mario Draghi met leaders as they arrived in the futuristic convention centre known as the "Nuvola" (cloud) in EUR, a southern Rome district built by Benito Mussolini to glorify his fascist regime.

US President Joe Biden flew in on Friday, hoping to turn a page from the tumultuous Trump years and show that American leadership on the world stage is restored.&nbsp;

Yet the Democrat faces a credibility test as his own signature climate policy -- part of a sweeping economic package -- is held up amid infighting within his party in Congress.

He met Friday with Pope Francis and then French counterpart Emmanuel Macron, where he admitted Washington had been "clumsy" in handling of a submarine deal with Australia and Britain that left Paris out in the cold.

Russia's Vladimir Putin and China's Xi Jinping are absent from Rome, attending only by video link, but the others are taking advantage of the first in-person G20 for more than two years to hold a flurry of bilaterals.

Watch |&nbsp;G20 summit: Justin Trudeau, other leaders arrive in Rome

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/g20-summit-justin-trudeau-other-leaders-arrive-in-rome-425209/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

Biden will meet Macron, Germany's Angela Merkel and Britain's Boris Johnson later Saturday for talks on Iran, after Tehran said it would resume discussions with world powers next month on reviving the 2015 nuclear accord.

Security is tight in Rome following violent protests earlier this month over the extension of Italy's coronavirus pass to workplaces, and a Fridays for Future climate march is expected in the city later in the day.

Draghi has called for a "G20 commitment on the need to limit the rise in temperatures to 1.5 degrees" above pre-industrial levels, the most ambitious target outlined in the 2015 Paris Agreement on climate change.

Johnson -- the host of the UN climate summit next week -- said neither the G20 nor the COP26 meetings could stop global warming, and "the most we can hope to do is slow the increase".

Humanity, Johnson told reporters onboard his flight to Rome, can regress "at extraordinary speed".

"You saw that with the decline and fall of the Roman Empire, and I'm afraid to say that it's true today unless we get this right in tackling climate change," he said.

Complicating the task for the G20 will be disparities between top world powers.

China, the world's biggest polluter and responsible for more than a quarter of all carbon emissions, has been accused of sidestepping calls to stop building new coal-fired power plants.

A new plan submitted by Beijing to the UN ahead of COP26 fell short of environmentalists' expectations, with a target date of 2060 to reach carbon neutrality.

Also Read |&nbsp;<a href="https://www.wionews.com/world/exclusive-indias-g20-sherpa-piyush-goyal-speaks-to-wion-on-countrys-agenda-at-summit-425179">Exclusive: India’s G20 sherpa Piyush Goyal speaks to WION on country's agenda at summit</a>

Brazilian President Jair Bolsonaro, meanwhile, has steadfastly demanded that his country be paid for protecting its share of the Amazon.

The world's biggest rainforest is seen as a vital resource to combat climate change for its ability to absorb fossil fuel emissions.

Taxing global players&nbsp;

A surer bet for concrete progress at the G20 involves taxation, as the group is expected to endorse the 15 percent minimum international tax rate on multinational companies after nearly 140 countries reached an OECD-brokered deal.

The move seeks to end tax optimisation, in which global corporations, including big US tech firms such as Apple and Google parent Alphabet -- shelter profits in countries with low-tax systems.

The OECD says a 15 percent global minimum corporate tax rate could add $150 billion annually to global tax revenues. &nbsp;

No new pledges are expected on Covid-19 vaccines at the summit.

G20 finance and health ministers meeting Friday said members would "take steps to help boost the supply of vaccines and essential medical products and inputs in developing countries and remove relevant supply and financing constraints."

Climate change and the relaunch of the global economy will top the G20 agenda as leaders of the world's most advanced nations meet Saturday, the first in-person gathering since the pandemic.

Climate change and the relaunch of the global economy will top the G20 agenda as leaders of the world's most advanced nations meet Saturday, the first in-person gathering since the pandemic. Looming over the two-day talks in Rome is pressure to make headway on tackling global warming, ahead of the key COP26 summit kicking off in Glasgow Monday. Also Read | COVID-19: G20 wants 70% of world vaccinated by mid-2022, sets up task force for pandemic fight The stakes are high, with United Nations Secretary General Antonio Guterres warning G20 leaders Friday to show "more ambition and more action" and overcome mistrust in order to advance climate goals. "We are still on time to put things on track, and I think the G20 meeting is the opportunity to do that," Guterres said. Italian Prime Minister Mario Draghi met leaders as they arrived in the futuristic convention centre known as the "Nuvola" (cloud) in EUR, a southern Rome district built by Benito Mussolini to glorify his fascist regime. US President Joe Biden flew in on Friday, hoping to turn a page from the tumultuous Trump years and show that American leadership on the world stage is restored. Yet the Democrat faces a credibility test as his own signature climate policy -- part of a sweeping economic package -- is held up amid infighting within his party in Congress. He met Friday with Pope Francis and then French counterpart Emmanuel Macron, where he admitted Washington had been "clumsy" in handling of a submarine deal with Australia and Britain that left Paris out in the cold. Russia's Vladimir Putin and China's Xi Jinping are absent from Rome, attending only by video link, but the others are taking advantage of the first in-person G20 for more than two years to hold a flurry of bilaterals. Watch | G20 summit: Justin Trudeau, other leaders arrive in Rome Biden will meet Macron, Germany's Angela Merkel and Britain's Boris Johnson later Saturday for talks on Iran, after Tehran said it would resume discussions with world powers next month on reviving the 2015 nuclear accord. Security is tight in Rome following violent protests earlier this month over the extension of Italy's coronavirus pass to workplaces, and a Fridays for Future climate march is expected in the city later in the day. Draghi has called for a "G20 commitment on the need to limit the rise in temperatures to 1.5 degrees" above pre-industrial levels, the most ambitious target outlined in the 2015 Paris Agreement on climate change. Johnson -- the host of the UN climate summit next week -- said neither the G20 nor the COP26 meetings could stop global warming, and "the most we can hope to do is slow the increase". Humanity, Johnson told reporters onboard his flight to Rome, can regress "at extraordinary speed". "You saw that with the decline and fall of the Roman Empire, and I'm afraid to say that it's true today unless we get this right in tackling climate change," he said. Complicating the task for the G20 will be disparities between top world powers. China, the world's biggest polluter and responsible for more than a quarter of all carbon emissions, has been accused of sidestepping calls to stop building new coal-fired power plants. A new plan submitted by Beijing to the UN ahead of COP26 fell short of environmentalists' expectations, with a target date of 2060 to reach carbon neutrality. Also Read | Exclusive: India’s G20 sherpa Piyush Goyal speaks to WION on country's agenda at summit Brazilian President Jair Bolsonaro, meanwhile, has steadfastly demanded that his country be paid for protecting its share of the Amazon. The world's biggest rainforest is seen as a vital resource to combat climate change for its ability to absorb fossil fuel emissions. Taxing global players A surer bet for concrete progress at the G20 involves taxation, as the group is expected to endorse the 15 percent minimum international tax rate on multinational companies after nearly 140 countries reached an OECD-brokered deal. The move seeks to end tax optimisation, in which global corporations, including big US tech firms such as Apple and Google parent Alphabet -- shelter profits in countries with low-tax systems. The OECD says a 15 percent global minimum corporate tax rate could add $150 billion annually to global tax revenues. No new pledges are expected on Covid-19 vaccines at the summit. G20 finance and health ministers meeting Friday said members would "take steps to help boost the supply of vaccines and essential medical products and inputs in developing countries and remove relevant supply and financing constraints."

World leaders to talk climate, economy, vaccines at G20

A report by an Indo-Australian industry body said on Friday that the two nations and their respective industries can deeply collaborate in the fields of Agri tech, E-commerce and retail tech, Fin tech, Health Tech, Ed Tech, Cybersecurity, R&amp;D and others. Top officials from both countries reiterated the commonalities between the democracies and Commonwealth nations and touched upon how technology can create new opportunities.&nbsp;

Prepared by the Indo-Australian Chamber of Commerce (IACC), the report is titled 'Recommendations to build stronger ties between India &amp; Australia in technology and innovation'&nbsp;

Speaking at the event, Australian Consul-General for South India, Ms Sarah Kirlew touched upon Australia's Pioneering advances in Cybersecurity, AI, Quantum computing and 5G and related policy frameworks. She added that Indian and Australian governments could put in place pathways for closer collaboration.

The diplomat also referred to the comprehensive Indo-Australia free trade agreement that is expected by next year, which could maximize economic prosperity for both nations. She added that Australia would be having a strong country presence at the upcoming Bengaluru tech summit, which would be taking place at the same time as the Sydney dialogue.

Dr Neeraj Mittal, Principal Secretary to Government, IT Dept, Government of Tamil Nadu, said that India was a strong player in the software domain, but also referred to the need to collaborate with pioneers in the field of education tech.

On the prospects of Tamil Nadu, he said that the southern Indian state is the first to have an Artificial Intelligence policy, has strong relationships with manufacturing firms and that The state was looking towards growing to a $1Tn economy. He added that the state would soon operationalize the BharatNet connectivity program that would ensure high speed internet connectivity to Gram Panchayats and smalll villages, within 1.5 years. The senior official said that this initiative would be able to significantly boost education and telemedicine.&nbsp;

IACC CEO Petula Thomas said, “This report considered views of 82 industry leaders, senior government representatives and tech experts. It will serve as a roadmap for implementing the recommendations set out for stakeholders primarily in six key sectors. The Indo-Australian Chamber of Commerce’s ‘Science &amp; Innovation’ industry-sector leadership forum will engage stakeholders to develop a short term (6-12 months) and long term (2-3 years) strategy to deliver on the 41 recommendations made, and create lasting high impact”.

A report by an Indo-Australian industry body said on Friday that the two nations and their respective industries can deeply collaborate in the fields of Agri tech, E-commerce and retail tech, Fin tech, Health Tech, Ed Tech, Cybersecurity, R&D and others.

A report by an Indo-Australian industry body said on Friday that the two nations and their respective industries can deeply collaborate in the fields of Agri tech, E-commerce and retail tech, Fin tech, Health Tech, Ed Tech, Cybersecurity, R&D and others. Top officials from both countries reiterated the commonalities between the democracies and Commonwealth nations and touched upon how technology can create new opportunities. Prepared by the Indo-Australian Chamber of Commerce (IACC), the report is titled 'Recommendations to build stronger ties between India & Australia in technology and innovation' Speaking at the event, Australian Consul-General for South India, Ms Sarah Kirlew touched upon Australia's Pioneering advances in Cybersecurity, AI, Quantum computing and 5G and related policy frameworks. She added that Indian and Australian governments could put in place pathways for closer collaboration. The diplomat also referred to the comprehensive Indo-Australia free trade agreement that is expected by next year, which could maximize economic prosperity for both nations. She added that Australia would be having a strong country presence at the upcoming Bengaluru tech summit, which would be taking place at the same time as the Sydney dialogue. Dr Neeraj Mittal, Principal Secretary to Government, IT Dept, Government of Tamil Nadu, said that India was a strong player in the software domain, but also referred to the need to collaborate with pioneers in the field of education tech. On the prospects of Tamil Nadu, he said that the southern Indian state is the first to have an Artificial Intelligence policy, has strong relationships with manufacturing firms and that The state was looking towards growing to a $1Tn economy. He added that the state would soon operationalize the BharatNet connectivity program that would ensure high speed internet connectivity to Gram Panchayats and smalll villages, within 1.5 years. The senior official said that this initiative would be able to significantly boost education and telemedicine. IACC CEO Petula Thomas said, “This report considered views of 82 industry leaders, senior government representatives and tech experts. It will serve as a roadmap for implementing the recommendations set out for stakeholders primarily in six key sectors. The Indo-Australian Chamber of Commerce’s ‘Science & Innovation’ industry-sector leadership forum will engage stakeholders to develop a short term (6-12 months) and long term (2-3 years) strategy to deliver on the 41 recommendations made, and create lasting high impact”.

Report recommends six sectors for greater Indo-Australian cooperation 

US' economy is slowing down. Commerce dept data shows US' economy has registered a growth of only 2 per cent in the third quarter.

US' economy registers growth of only 2 per cent in the third quarter

Saudi Arabia has agreed to provide $4.2 billion worth of assistance to cash-strapped Pakistan to support its economy. This came after Pak Prime Minister Imran Khan held talks with Saudi Prince Salman in Riyadh this week.

Saudi Arabia agrees to provide $4.2 bn in financial assistance to Pakistan

Iran is all set to host the second round of foreign ministers' meet in Afghanistan. Foreign ministers from regional neighbours of Afghan including Tajikistan, Uzbekistan, Turkmenistan, Pakistan and China besides hosts Iran and Russia are going to be present at the meeting.

Iran to host second round of foreign ministers' meet on Afghanistan; economy, terrorism on agenda

As robust exports were offset by weak domestic demand and construction and facility investments in South Korea, the economy grew at a slower pace in the third quarter.

South Korea's Q3 GDP grows at slower pace, misses forecast

India's EAM S Jaishankar is in Israel in order to bolster the relationship. The minister is also exploring other aspects especially the shared history, he unveiled a plaque in memory of Indian soldiers. WION tracks Jaishankar's Israel visit.

India, Israel renew negotiation on free trade agreement | WION tracks S Jaishankar's Israel visit

A crucial quadrilateral meeting has taken place during the Indian EAM Jaishankar's visit to Israel. The foreign ministers of the US, India, Israel and the UAE sat down virtually and decided that an international forum is the need of the hour.

WION tracks Jaishankar's Israel visit, economic growth and global issues on top agenda

economy-0

Economy, News on Economy, stories on Economy, articles on Economy, Economy stories at Wion, Economy news, Economy latest news

economy 0

China's factory output rose 3.8% in November

Sri Lankan government to lease 50 valuable plots to foreign investors amid economic crisis

Turkish currency Lira plummets to a new low

German wholesale prices see record jump | Higher consumer prices may follow

China's property crisis worsens as the economy takes a downturn in November

Communist-run country Cuba struggling to recover from economic crisis

Iran: President Raisi presents draft state budget

United Kingdom: Supply chain disruptions hit economy

Biden’s winter Covid plan is aimed at keeping the US economy open

Pakistan PM Imran Khan forbids ministers from travelling abroad

Pakistan PM Imran Khan forbids ministers from travelling abroad

A month after reopening, Thailand sees gradual tourism recovery

Inflation: Rising foreign debt a national security issue, says Pakistan PM Imran Khan

World Business Watch: Japan's economy shrinks more than expected

Push to farm organically affects Sri Lanka's economy, fear of food shortage looms

World Business Watch: Economic recovery visible in India's ride-hailing industry

Pakistan: Protests against skyrocketing prices, opposition slams PM Imran Khan

Climate change's impact on world's poorest economies

Kabul residents worried about crashing economy as winter approaches

Poll: Indonesia's GDP growth set to slow in Q3 as COVID-19 curbs bite

Taliban ban use of foreign currency in Afghanistan

Asian factories shake off lockdown blues, now face supply headaches

China’s falling factory activity a sign of economic woes ahead

World leaders to talk climate, economy, vaccines at G20

Report recommends six sectors for greater Indo-Australian cooperation

US' economy registers growth of only 2 per cent in the third quarter