Saturday, October 03
World leaders at the Group of Seven summit in Canada on Monday pushed US President Donald Trump to back away from his punishing trade war, arguing that it poses a risk to global economic stability.At a summit where host Canada worked to avoid stoking Trump's anger, and with attention on events in the Middle East, leaders still urged the US president to reverse course on his plans to impose even steeper tariffs on countries across the globe as early as next month.Most countries represented at the G7 are already subject to a 10 percent baseline tariff imposed by Trump, with European countries and Japan also hit with additional levies on cars, steel, and aluminum.G7 leaders used the meeting to sit down with Trump one-on-one to make their case for the US leader to seal agreements that would el
The cement demand, which grew 7 per cent year-on-year in April this year, may be impacted by the early onset of monsoon, according to a report by rating agency Ind-Ra.However, overall cement demand is expected to grow in single digits in the June quarter on the weak base a year ago due to general elections, it said.The cement volumes witnessed a "notable recovery of 10-11 per cent y-o-y" in the March 2025 quarter after recording a subdued 2 per cent growth in the first half of the last fiscal."The recovery was driven by an 11 per cent y-o-y pick-up in infrastructure to Rs 10.5 trillion, led by the central government capex after a similar y-o-y decline in 8M FY25," it said.Despite this late recovery, the weak H1 restricted the overall demand growth for FY25 to 5 to 6 per cent, which is the
Prime Minister Narendra Modi arrived in Canada, his first visit in a decade, to attend the G7 Summit at Kananaskis where he will be holding discussions with world leaders on crucial global issues, including energy security, technology and innovation.Modi, who is on a three-nation tour, arrived Monday evening (local time) in Canada from Cyprus at the invitation of Canadian Prime Minister Mark Carney. The Kananaskis gathering on June 16-17 is the Prime Minister's 6th consecutive participation in the G7 Summit."At the Summit, the Prime Minister will exchange views with leaders of G-7 countries, other invited outreach countries and Heads of International Organisations on crucial global issues, including energy security, technology and innovation, particularly the AI-energy nexus and Quantum-re
