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BIZARRE: G7 - What They Never Told You

Not a bloc, not anti-West: What India's BRICS hosting really signals

India hosts the expanded BRICS summit, showcasing its significant global role. The group's growth reflects the non-western world's desire for diversity and pluralism. BRICS cooperation now encompasses political, economic, and developmental issues across continents. India's leadership highlights its convening power and acceptability across ideological divides. This summit offers opportunities for…

The Economic Times

From G7 to D10: Why the world's democracies should finally name their coalition

Global summits highlight a multipolar world order and competing national interests. Industrial democracies informally assemble, behaving like a D10 coalition. This grouping commands significant global GDP and economic influence. India's consistent participation makes it indispensable to these discussions. The time has arrived for this informal arrangement to gain formal recognition.

The Economic Times

Andy Burnham blames Tory legacy for leaving UK economy vulnerable

In first PMQs clash with Kemi Badenoch, prime minister rejects comparison to Liz Truss’s government

The Guardian - UK

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Andy Burnham blames rising debt costs on Tory record at first PMQs

Kemi Badenoch pointed to a warning that the Prime Minister’s tone during his Tuesday Commons debut would have unsettled investors.

Evening Standard

The three reasons behind the bond market shock and what it means for Andy Burnham’s first Budget

Ten-year gilts have risen well above 5% this year on the back of the Iran war

The Independent UK

John Healey tells counterparts to ‘step up’ as he arrives at first G20 summit

The new Chancellor urged a need to ‘step up international co-operation’ on the Middle East and energy prices

The Independent UK

John Healey calls on counterparts to ‘step up’ as he arrives at first G20 summit

The Chancellor urged a need to ‘step up international co-operation’ to tackle a ‘number of challenges’ including the Middle East and energy prices.

Evening Standard

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The world’s most vulnerable need help more than ever – Labour needs to restore international aid spending

COMMENT: A staged return to a restored and fit-for-purpose aid budget should be part of Andy Burnham’s long-term vision writes Labour MP Fleur Anderson. But, the world's challenges are too large to be met by increased donor funding; we need to also use Britian’s influence

The Independent UK

Sergio Gor says India asked for no media interaction after Modi-Trump meet; govt responds

According to government sources, the topic of leaders' public appearances is part of regular discussions. India communicated a desire for limited media interaction post-meeting. This was relayed by US envoy Sergio Gor to the US representatives. In a notable gathering in France, President Donald Trump and Prime Minister Modi engaged…

The Economic Times

‘The later it gets, the crazier the shows become’: US ambassador Sergio Gor on the chaos of Indian TV news

US Ambassador to India Sergio Gor appears to have discovered a guilty pleasure familiar to many an NRI uncle: watching Indian television news for entertainment.

Newslaundry

Ukraine-Russia war latest: Russians ‘withdraw billions’ from banks amid fears Putin could seize money

The withdrawals are causing liquidity problems in Russia, a senior finance official said

The Independent UK

Lula vs. Bolsonaro: Why Much of the Real Campaign Is Happening in Washington

Tariffs and sanctions tangled Washington in Brazil's Oct. 4 vote — polling suggests the pressure campaign may be lifting the candidate it targeted.

Latin Times

Treasury Ends Beneficial Ownership Reporting for U.S. Companies, Senator Warren Warns of Risks to National Security

Treasury Secretary Scott Bessent called the move "a victory for common sense and American small businesses" while Warren labeled it "a gift to cartels, criminals, and U.S. adversaries"

Latin Times

EU releases €1.4 Billion to Ukraine from frozen Russian asset profits after Kyiv attacks

European Commission President Ursula von der Leyen announced that €1.4 billion in profits from immobilised Russian assets will be allocated after Russia’s deadly strikes on Kyiv. Most of the funds will be used to repay G7 and EU loans while €70 million will be directed toward military assistance.

Euronews

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Euronews

Sanction in limbo: How the EU hit a wall with its maritime services ban

Earlier this year, European Commission President Ursula von der Leyen proposed a full ban on maritime services for Russian oil tankers. But an extraordinary combination of factors has plunged the sanction into political limbo. Here's how the plan went awry.

The Guardian - UK

Why Andy Burnham’s devolution pledge will be tricky to deliver

Sharing income tax with England’s regional mayors could tackle inequality but many councils are ill-equipped for an enlarged role

Euronews

Time is running out: what trade concessions can the EU win from China?

With an October deadline unlikely to yield major concessions from Beijing given structural and leverage imbalances, EU-China trade tensions look set to keep escalating.

The Independent UK

Burnham warned he will have to raise taxes or cut spending to fund his pledges

Leading economic think tank warns there is ‘no capacity’ to borrow more with inflation set to go higher than expected, growth set to plummet and a massive squeeze on spending

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The Independent UK

Why helicopters carrying Trump and Starmer at G7 event have disrupted Brighton’s pre-season plans

Club staff discovered the issue when they arrived on Wednesday to prepare the camp in Evian-les-Bains, close to the Swiss border

The Guardian - UK

‘Good growth in every postcode’: Burnham’s economic to-do list in seven charts

From industrial strategy and defence to housing and living costs, we lay out the challenges facing the new PM

Radio France Internationale

G7 and EU call for halt to attacks in Sudan's El-Obeid and wider arms embargo

G7 foreign ministers and the European Union's foreign policy chief on Wednesday urged Sudan's Rapid Support Forces and allied armed groups to halt all actions that could lead to further atrocities or endanger civilians in El-Obeid.

The Independent UK

UK strikes ‘biggest ever’ deal with European country amid e-gate and roaming agreement

The trade deal followers similar situations with India, the US, the EU, Gulf states and South Korea

The Guardian - UK

Government brings British Steel under public ownership; oil price rises to $85 as US-Iran tensions escalate – as it happened

Rolling coverage of the latest economic and financial news

Evening Standard

Keir Starmer says UK support for Ukraine will ‘always endure’ on farewell visit

Sir Keir made a final visit to Ukraine as Prime Minister on Thursday.

Evening Standard

Energy inflation and regional divides weighing on UK living standards – OECD

The OECD said it was important to keep up the momentum with policy reforms for the pro-growth agenda to be successful.

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