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June 16, 2024 4:38 PM

Iran rebukes G7 statement over its nuclear programme escalation

Iran called upon the Group of Seven on Sunday to distance itself from "destructive policies of the past", the Iranian Foreign Ministry spokesperson Nasser Kanaani said, referring to a G7 statement condemning Iran's recent nuclear programme escalation. On Friday, the G7 warned Iran against advancing its nuclear enrichment programme and said they would be ready to enforce new measures if Tehran were to transfer ballistic missiles to Russia. "Any attempt to link the war in Ukraine to the bilatera...

September 16, 2024 6:36 PM

PM Modi departs for Italy today to attend G7 Summit

Prime Minister Narendra Modi departs for Italy on Thursday to attend the G7 annual summit, marking his first trip abroad after assuming office for the third consecutive term. India has been invited as an Outreach Country to the summit, being held in the Apulia region of Italy from June 13-14. The G7 group comprises seven member countries- US, UK, Canada, Germany, Italy, Japan, and France - as well as the European Union. Indian ambassador to Italy, Vani Rao, said that PM Modi will engage with G...

June 13, 2024 11:54 AM

Troubled G7 leaders focus on Ukraine war, China in Italian summit

Group of Seven (G7) leaders start their annual summit on Thursday looking to double down on support for Ukraine in its war with Russia and offer a united face in confronting China's political and economic ambitions. With the Middle East, migration and artificial intelligence (AI) also on a packed agenda, the June 13-15 summit in southern Italy would be taxing for leaders at the best of times, but most of them are also bowed down by their own domestic woes. U.S. President Joe Biden, facing a to...

September 16, 2024 6:16 PM

Asia shares nudge higher as US, EU inflation data loom

Asian shares firmed on Monday as investors braced for a busy run of inflation data that could set the scene for a European rate cut as soon as next week and a U.S. policy easing within just a few months. Holidays in Britain and the United States made for thin trading ahead of Friday's figures on core personal consumption expenditures (PCE), the Federal Reserve's preferred measure of inflation. Median forecasts are for a rise of 0.3% in April, keeping the annual pace at 2.8%, with risks on the ...

May 21, 2024 4:19 PM

AI summit secures safety commitments from 16 companies

Sixteen companies involved in AI including Alphabet's Google, Meta, Microsoft and OpenAI, as well as companies from China, South Korea and the United Arab Emirates have committed to safe development of the technology. The announcement unveiled in a UK government statement on Tuesday came as South Korea and Britain host a global AI summit in Seoul at a time when the breakneck pace of AI innovation leaves governments scrambling to keep up. The agreement is a step up from the number of commitment...

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