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Swiss bankers, long perceived as smart and the epitome of security, have lately projected themselves as venturesome players in a global theatre of high risk. It didn’t pay off, their involvement with Greensill Capital and Archegos Capital, resulted in major financial losses and a loss of cachet.
Courtesy: European Union
The EU’s Indo-Pacific strategy comes better late than never. But it has to step gingerly. It cannot antagonize China, wants to build on the legacy of its members’ colonial past, give the region the infrastructure it needs, and make the trade agreements that it wants. Is it achievable?
Courtesy: Twitter|@SiemensIndia
The 50-year-old Siemens facility in Kalwa adopted the Internet of Things, cloud and digital twin technologies to transform itself digitally and optimise manufacturing processes. It led to a 20% increase in productivity, and has made its product competitive with its German counterpart.
Courtesy: Wikimedia Commons
A new chief is due to occupy the chair of the UN Secretary General later this year. The lobbying for this prestigious global post has already begun. There is a rotation system that offers equal opportunities to regional blocs to promote their candidates. But this time, it's a toss between having the first woman to head the body, or continuing with the West-led bloc's candidate. Who will win? And where does India stand?
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Retrospective taxes. Asking OPEC to reduce production. Raising oil prices at the pump. India’s perplexing actions on energy seem designed to defeat the Modi government’s declared goals of disinvestment of the public sector and welcoming foreign capital.
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Individuals now generate copious amounts of personal data everyday – both online and offline. Devices and infrastructure extract data, which can be shared instantly across borders with diverse entities - without consent. It is imperative that countries come together to create regulations to protect individuals who are unable to control how their data is shared and processed. A model already exists in the Paris Climate Agreement.
Courtesy: Manufacturing Business Technology
The U.K. is out of the EU, and re-positioning itself into the idea of Global Britain, seeking partnerships into diverse groupings and regions. India was an early strategic, defence and digital outreach, but a serious pivot has been made to broader Asia for trade and investment linkages, with vigorous follow-up. The re-entry and acceptance of Britain in Asia, has implications.
Courtesy: Gateway House
Bharti Global’s stake in OneWeb has given India lateral entry into this lucrative and newly-competitive global satellite-based internet services market. India and the U.K., the two stakeholders in this company, can build and sustain this collaboration through a well-thought-out bilateral space diplomacy agenda.
Courtesy: vicepresidentofindia.nic.in
India hosted the SCO summit on 30 November. Fueling its diplomatic drive is the region’s strategic importance and an enhancced focus on Central Asia with its strong civilizational, cultural and emotional bonds with India. Despite the daunting regional challenges, old and new, a seat at the SCO table strengthens India's hand in shaping the grouping’s - and region’s - future.
Courtesy: Twitter/Arctic Council
India’s pledge to the Paris Agreement gives it the flexibility to confidently place its climate action policies across various multilaterals. Although an observer of the Arctic Council, India can collaborate with the body's upcoming chair, Russia, to alleviate climate change concerns stemming from the Arctic. It is time for India to use its goodwill with the Arctic Council members to develop a national Arctic policy.