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The G20 has become an annual chat show

Published

8 months ago

September 11, 2023

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Narendra Modi, the host of the G20 summit in New Delhi, adeptly seized the spotlight, leaving the impression that he had been elevated beyond the role of a mere rotating host.

This high-profile event served as a public relations coup for the Indian Prime Minister, who appeared to relish the attention and admiration lavished upon him by Western leaders.

Modi’s strategic significance as a global leader and a counterbalance to a divided world was evident throughout the summit. Despite concerns about his nationalist politics on the domestic front, world leaders seemed drawn to his economic prowess, military influence, and potential to foster international cooperation.

Chat show

While Modi’s role as the leader du jour garnered attention and acclaim, critics argue that the G20 has devolved into a mere forum for discussion, with limited tangible progress on pressing issues such as climate change and wealth inequality. Questions also persist regarding the specifics of the proposed economic corridor linking India, the Middle East, and Europe.

Nonetheless, many G20 members appear satisfied with the outcomes of the summit, which, most importantly, managed to avert failure. The fragile nature of this group was evident as the baton was passed to Brazil’s President Lula, who assured that Russian leader Vladimir Putin would not face arrest if he attended next year’s G20 meeting in Rio de Janeiro. This exchange underscores the evolving power dynamics in global politics and the challenges to Western dominance.

The summit’s discussions on Ukraine drew mixed reactions, with Russian Foreign Minister Sergey Lavrov expressing gratitude for the lack of condemnation against Russia. French President Emmanuel Macron and Canadian Prime Minister Justin Trudeau offered contrasting perspectives, highlighting the evolving and uncertain future of the G20.

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The EV transformation expands to legacy vehicles

Published

1 hour ago

April 29, 2024

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This week witnessed another milestone in the automotive industry as the legendary Mercedes-Benz G-Wagen embarked on its electric journey, aligning with global sustainability efforts.

Simultaneously, Toyota and Mazda debuted EV offerings tailored for the booming Chinese market, signalling a strategic shift towards collaboration with advanced Chinese partners.

While the electric G-Wagen promises both eco-friendliness and off-road prowess with its innovative design, questions arise about Japanese automakers’ perceived lag in EV development, countered by the strategic imperative to tap into the rapidly growing Chinese EV market. As automotive icons embrace electrification and traditional players adapt through partnerships, it’s clear that collaboration and innovation will drive the future of mobility.

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The degree dilemma, income shifts, debt, and dream homes

Published

1 hour ago

April 29, 2024

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As individuals face the daunting choice between paying off student debt, saving for a first home deposit, or exploring alternative options like rentvesting, careful consideration of various factors becomes imperative.

In the midst of these challenges, a couple in the inner north ingeniously employed a strategy to realise their dream of a larger home while managing HECS debt and affordability hurdles.

Rentvesting emerges as a viable solution for individuals grappling with the burdens of high HECS debt and property affordability issues.

Moreover, the decreasing income premium tied to a university degree is closely intertwined with changing economic dynamics and shifts in the job market, underscoring the need for innovative approaches to education and financial planning in today’s society.

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President Biden signs TikTok bill – what’s next?

Published

3 days ago

April 26, 2024

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TikTok users could soon find that the popular social media service is either under new ownership or could be outright banned in the United States.

President Joe Biden signed a bill into law that requires TikTok to find a new owner—or face a ban in the United States.

Over the past several months, Washington D.C. has been under pressure to ban the popular Chinese-owned social media app.

Lawmakers and security experts have long raised concerns that the Chinese government could tap TikTok’s trove of personal data about millions of U.S. users.

TikTok’s CEO said the bill is disappointing and reiterated that the company has committed to challenge it.

David Zhang from China Insider. joins Veronica Dudo to discuss