Thursday, 19 April, 2018

PM Abbasi to lead Pak delegation at CHOGM summit

PM Modi to take part in CHOGM in London Commonwealth meet: India to walk tightrope on UK-Russia face-off
Patty Aguilar | 17 April, 2018, 14:09

President Maitripala Sirisena, representing Sri Lanka at CHOGM will attend the Commonwealth Business Council on 18 April to deliver a keynote address on "Sustainability Development Goals -Aligning Business, Society and the Governments".

May will commit 212 million pounds ($304 million) to try to make sure children living in developing Commonwealth countries receive 12 years of quality education. An analysis by the Commonwealth Trade Review has found that trading costs between Commonwealth countries are on average 19 per cent less than between non-member countries.

Opening a business forum, focussed on promoting trade and investment within the Commonwealth, May said global growth remained "fragile" faced with challenges such as protectionism, and new technology - which created and supplanted jobs across industries.

The biennial meeting of the heads of government from the Commonwealth nations is taking place in London and Windsor from 16th - 20th April.

The Confederation of Indian Industry (CII) is participating in the CBF with what it describes as a momentous delegation of almost 40 business leaders across different sectors of the country, led by CII President Rakesh Bharti Mittal, Vice-Chairman of Bharti Enterprises.

"With its unique scope and global voice, such a Commonwealth can set a powerful example to the world, one that demonstrates and underlines the importance of protecting free trade and the rules-based worldwide order", UK Prime Minister Theresa May told a packed hall of business and government leaders.

World shares meander following US-led air strikes on Syria
The dollar index against a basket of six major currencies was little changed at 89.407 after losing 0.4 percent overnight. South Korea's Kospi was flat at 2,454.86 and Australia's S&P ASX 200 picked up 0.2 per cent to 5,838.60.

Prudential plc (PRU) Received "Underweight" Rating at JP Morgan Chase & Co
We observed 5.51% rate of return for a stock for the last 5-trading days, which was maintained for the month at -2.85%. ANALYSTS VIEWS: The current analyst consensus rating clocked at 1 on company shares based on data provided from FINVIZ.

Boston marathon winner's incredible act of sportsmanship
She said didn't believe it when she was told she had finished second, or that she earned $75,000. A bathroom break and other challenges held her to seventh place with a time of 2:46:31.

But some have pointed out that Britain's trade with Commonwealth nations now lags far behind that with its European neighbours.

Chandrajit Banerjee, CII Director-General, said: "The key question is what will be the new-age "common" factor in the Commonwealth?"

Abbasi will participate actively in all executive and retreat sessions as well as a number of events being held on the CHOGM's sidelines.

Theresa May announced that the United Kingdom will be funding a new Commonwealth Standards Network, which will support developing countries in particular to better meet existing worldwide standards.

The UK will also fund a new Trade Facilitation Programme, supporting and providing technical assistance to selected Commonwealth countries in implementing the World Trade Organisation's Trade Facilitation Agreement.

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