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Gautam Adani, chairman of Adani Group, following a Bloomberg Television interview at the company's headquarters in Ahmedabad, Gujarat, India, on Saturday, May 25, 2024. The head of a $25 billion Indian energy company, the former CEO of a New York-listed energy firm, and one of Asia's wealthiest men were set to meet in New Delhi to discuss business. To prepare for the meeting, Vneet Jaain, chief executive of $25 billion Adani Green Energy , photographed a document on his cellphone. There are also concerns about whether Adani companies will be able to raise debt in the future in U.S. markets. Earlier this year, the stock market regulator's chair, Madhabi Buch, was accused of having a conflict of interest while investigating Adani group companies, according to short-seller Hindenburg.
Persons: Gautam Adani, Sumit Dayal, Vneet Jaain, Gautam, Jaain, James Dennehy, Adani, Adani Green, What's, firm's, Matt Orton, Raymond James, CNBC's Tanvir Gill, Orton, it's, India's, Rahul Gandhi, Madhabi Organizations: Adani, Bloomberg, Getty, Green Energy, Eastern, of, NYSE, U.S, Securities Exchange Commission, New York Stock Exchange, SEC, U.S . Department of Justice, Energy, Adani Enterprises, GQG Partners, firm's Sydney, Citi, State Bank of India, DBS Group, DBS, Regulators, Federal Bureau of Investigations, Central Bureau of Investigations, Securities and Exchange Board of India, CNBC Locations: Ahmedabad, Gujarat, India, New York, New Delhi, of New York, U.S, Foreign, Singapore, Madhabi Buch
Starting overThe couple, pictured at a friend's party in Malaga, also considered moving to Singapore, but decided on Spain due to its closer proximity to the United States. Gail and Greg WarnerThey’d originally planned to leave the United States in December 2018. The couple quickly put their Florida home on the market and set about winding down their lives in the United States. Now that they’ve lived outside of the US for so long, the couple say they can’t imagine ever moving back, and feel as though they were often on a “hamster wheel” before. Just go with it.’”Gail and Greg couldn’t be happier with their new lives, but the couple do have one regret about leaving the United States and starting over in Spain.
Persons: Gail, Greg Warner, they’re, ’ ”, Beau, Gail Warner “, , Greg, who’ve, ” Greg, , ” “ We’d, Greg Warner They’d, Guess I’m, I’ve, ” Gail, she’d, ’ ” Greg, he’s, Sergio, they’ve, “ I’m, Betty Rivas “, United States “, ’ ” Gail, Greg couldn’t Organizations: CNN, EU, , Malaga City Locations: United States, Florida, Chicago, Singapore, Spain, Europe, Spanish, Valencia, Indiana, Malaga, Canada, France, States, Costa del Sol, Southern Spain, Andalucía, Slovenia
The latest obsession on TikTok is the "Winter Arc" challenge, which sees young people get ahead of their New Year's Resolutions. Winter Arc TikTok is flooded with videos of young men and women wearing dark-colored oversized hoodies and athleisure, working out in the gym, or going for early-morning runs. Carly says the Winter Arc is all about being "laser-focused" on your goals, so that you're transformed by the new year. He said it takes 66 days to form a habit, so the Winter Arc helps ease the process of transitioning into your New Year goals. Here are four expert tips to create healthy, realistic Winter Arc goals:
Persons: Carly, Michael Baah, Baah, Gary Lineker, Ezra Taylor, Tasha Ghouri, they'll, Malminder Gill Organizations: CNBC Locations: British, London
Chase, with Chief Product Officer Rohan Amin and CIO Gill Haus at the helm, is focused on advancing technology and modernizing digital experiences. Tech, product, design, data, and digital teams collaborate to serve customer needs, operating as a product-focused organizationInternally called PXT, the organization is the heart and brain driving the future of digital banking at Chase. This prompted rapid deployment of tech solutions for employees supporting digital experiences. This prompted rapid deployment of tech solutions for employees supporting digital experiences. Enhanced customer experience: Improved satisfaction ratings in the Chase Mobile ® app and other digital platforms.
Persons: Chase, Rohan Amin, Gill Haus, Rohan, Gill, JPMorgan Chase Organizations: Chase, Chase Mobile, Insider Studios, JPMorgan, Disability, JPMorgan Chase & Locations: United States, Mobile
The US election showed shades of the meme stock mania of early 2021. Ron DeSantis' Presidential Announcement with Elon MuskSimilarly, in February 2021, Cuban thanked members of Reddit's WallStreetBets forum for "changing the game" and "taking on Wall Street." Wall Street traders watched the swings in election betting markets to assess the state of the presidential race and inform their investments, Malek added. Trump Media & Technology Group, the parent company of Truth Social which counts the president-elect as its majority shareholder, unites several of these ideas. AdvertisementThere are clear parallels between the meme stock mania of early 2021 and the social-media chatter and betting-platform activity going into the election.
Persons: Elon Musk, Mark Cuban, , Musk, Trump, Ron DeSantis, Cuban, Reddit's, dogecoin, Kamala Harris, It's, Neil Wilson, Keith, Gill, Young, Joe Rogan, Mark Malek, Siebert, Malek, Naeem Aslam, Tesla, Dan Coatsworth, AJ Bell Organizations: Service, GameStop, Florida Gov, Elon, Democratic, Trump, WSB, Wall Street, titans, Wall, Zaye, Markets, Trump Media & Technology Group, Truth, White Locations: America, Florida, Polymarket, WallStreetBets, . Washington
“I didn’t get married till I was in my 50s,” says Joanna, who is originally from San Francisco. Courtesy Joanna McIsaac-KierkloHowever, Joanna says they told themselves that things would be easier to “figure out” once they were actually in France. “I don’t miss gun violence. “But to live here is another story.”The couple is currently waiting to find out the cost of shipping their possessions back to San Francisco before taking the plunge. “We have a flight going back to San Francisco in January, and I think we’re not going to come back,” says Joanna.
Persons: CNN —, Joanna McIsaac, Ed Kierklo, Joanna, , , , , We’re, ” ‘, Ed, they’re, who’ve, didn’t, ” Joanna, you’ve, They’d, Nîmes, they’d, Suzette, “ You’ve, they’ve, ” She’d, ’ ”, It’s, You’ve, she’s, hasn’t, … ’, expats ”, Joanna hasn’t, They’re, it’s, France, San Francisco she'd, ‘ We’re, Ed “, I’ll Organizations: CNN Locations: France, San Francisco, Nîmes, Northern California, United States, London, Europe, Southern France, California, French, Montpellier,
Hsu, founder and chairman of Rayliant Global Advisors, told CNBC's Pro Talks that Alibaba , JD.com , and Pinduoduo are among his top picks. If signs of consumption growth return to China, he suggested the stock could climb to $200 per share or double from current levels. BABA 1Y line Hsu said he views JD.com similarly to Alibaba, with his preference between the two mainly driven by valuation metrics. PDD Pinduoduo underperformed the broader Chinese stock market this year and has fallen by 14% so far this year. Baidu Not all Chinese technology stocks are equally attractive.
Persons: Jason Hsu, Hsu, CNBC's, BABA, CNBC's Tanvir Gill, JD.com, They've, , Evelyn Cheng Organizations: Rayliant Global Advisors, Baidu, Alibaba's, Wall Street, China Equity ETF, Google Locations: China, Beijing, Alibaba's New York
Erik ten Hag has been sacked as Manchester United manager. A statement later on Monday confirmed the news, which read: “Erik ten Hag has left his role as Manchester United men’s first-team manager. Advertisement“Erik was appointed in April 2022 and led the club to two domestic trophies, winning the Carabao Cup in 2023 and the FA Cup in 2024. United are next in action against Leicester City in the League Cup at Old Trafford on Wednesday. ‘United finally run out of patience’Analysis from Manchester United correspondent Mark CritchleyFor United’s key decision-makers to finally part ways with Ten Hag after a narrow defeat in highly controversial circumstances may come as a surprise to some.
Persons: Erik, Hag, Ruud van Nistelrooy, “ Erik, Omar Berrada, Dan Ashworth, Jason Wilcox, United, Michael Regan –, Thomas Tuchel, Mauricio Pochettino, Roberto De Zerbi, Thomas Frank, Kieran McKenna, Sir Jim Ratcliffe, Sir Dave Brailsford, De Zerbi, Matthijs de, Leny Yoro, Joshua Zirkzee, Manuel Ugarte, Berrada, Mark Critchley, Justin Setterfield, 200million, Dan Ashworth —, Mark Carey, , Jose Mourinho, Ole Gunnar Solskjaer, United’s, James Gill – Danehouse Organizations: Manchester United, Premier League, West Ham United, Champions League, Ten, Manchester United men’s, FA, League, Manchester City, Getty, United, Europa League, England, Brighton & Hove Albion, Brentford, Ipswich Town, Manchester, Liverpool, Ajax, Eagles, FC Utrecht, Bayern Munich’s, Leicester City, Old, ‘ United Locations: Old Trafford, London, United, Europe, West Ham, Wembley
“I didn’t know anything about Japan,” Prucha tells CNN Travel via Zoom. He left San Francisco and set off for Japan the following year, bringing very little with him. “I’ve always loved craft beer,” he says. “And when I saw Japan was starting to take baby steps towards embracing craft beer. Courtesy Dave PruchaWhile he loves his life in Japan, Prucha admits that there are some things about the US that he still craves.
Persons: Dave Prucha, he’d, ” Prucha, Prucha, , ’ ”, , “ I’ve, he’d “, I’ll, Dave, you’re, Dave Prucha “, I’ve, ” “, , ‘ It’s, “ We’re, they’re, it’s Organizations: CNN, San Francisco State University, Kyodo, , Obina, Japan Locations: Japan, California, American, Tokyo, San Francisco, Yamanashi Prefecture, , Japan’s Yamanashi Prefecture, China, Yamanashi
As investors ponder how — and where — to invest in China, CNBC's Tanvir Gill will quiz China portfolio manager Jason Hsu on where he sees opportunities in the current market. Hsu previously told CNBC Pro that he was betting on tech — and artificial intelligence in particular — for the long term. Hsu set up Ranmore Fund Management in 2016, prior to which he was co-founder and vice chairman of quantitative asset manager Research Affiliates. Join CNBC Pro Talks on Wednesday, Oct. 23 at 6:30 a.m. BST / 1:30 p.m. SGT / 1:30 a.m. Learn more from our previous Pro Talks: How to play AI in a cheaper way without owning stocks like Nvidia, according to fund manager Fund manager reveals his worst trade of the year — and the lessons he learned Beyond Novo: Fund manager likes this under-the-radar pharma stock Related coverage from Pro: Is it time to invest in China?
Persons: Finance Lan Fo'an, CNBC's Tanvir Gill, Jason Hsu, Hsu, Goldman, Tanvir Gill Organizations: Finance, China's CSI, Rayliant Global Advisors, China Equity, CNBC Pro, China Equity ETF, Ping An Insurance, Midea, Ranmore Fund Management, Research, Anderson School of Management, UCLA, Nvidia, pharma, Wall, Citi Locations: China
Why this man swapped San Francisco for Colombia
  + stars: | 2024-10-16 | by ( Tamara Hardingham-Gill | ) edition.cnn.com   time to read: +13 min
CNN —After spending several years building a life he loved in San Francisco, Jason Bennett, originally from the Bay Area, had every intention of remaining in the Californian city for good. At the same time, he realized that he was mostly returning to San Francisco because he felt that was what was expected of him. “The (Colombian) culture is so kind, they don’t really like to say, ‘No,’” he says. “And I don’t ever want to come across as like I’m shading San Francisco or the United States in general. Since choosing to relocate to Colombia, Bennett has noticed a considerable change in his overall wellbeing and says he couldn’t be happier with how things have turned out.
Persons: Jason Bennett, , couldn’t, Bennett, , ” Bennett, Jason Bennett Bennett, San, he’d, “ You’ve, ’ ” Bennett, Jen, who’s, Pablo Escobar, Medellín, ” He’s, he’s, you’re, I’m, “ It’s, It’s, Uber, He’s, hasn’t, “ I’ve, ,  Bennett, I’ve Organizations: CNN, Gap Inc, Medellín, True Star Consulting, of, , World Health Organization, Colombian, US State Locations: San Francisco, Bay, American, Colombia, Lebanon, India, Estonia, Argentina, Lisbon, Portugal, Cartagena, Medellín, Castropol, Medellín’s El Poblado, Miami, America, United States, , Japan, Medellin, Francisco, Bogota, Cali
My parents introduced me to my best friend when I was 19, hoping she would be a good mentor for me. Now, more than 10 years later, I consider her my best friend. At 30, people often say it's nice that I have an "extra grandma," but I quickly correct them — no, she's my best friend. AdvertisementHannah Wilkinson has learned a lot from her best friend Gill. Hannah Wilkinson's best friend Gill is 45 years older than she is.
Persons: — we've, , Gill, Hannah Wilkinson, Gill ., Howard, He's, Hannah Wilkinson's, Hannah Wilkinson We've, I've, she's, we're, someone's Gill Organizations: Service Locations: Highland
A Hurricane Milton tornado tore through a Florida retirement community Wednesday, killing multiple residents and leaving a level of destruction not seen locally for decades, officials said. Four people died in St. Lucie County, on Florida’s east coast, and more than one of those fatalities came at the Spanish Lakes Country Club Village, a neighborhood designed for residents 55 and older, county spokesman Erick Gill said. “I can’t confirm that all of them [the four deaths] were from the Spanish Lakes neighborhood that was hardest hit,” Gill told NBC News. “I’ve worked for St. Lucie County for 21 years. “We’re not going to stop until we double-check, triple-check to make sure that anyone in there that needs to be rescued is rescued,” St. Lucie County Sheriff Keith Pearson said in a video message to the community.
Persons: Lucie County, Erick Gill, , ” Gill, Milton, Gill, “ I’ve, Frances, Jeanne, We’re, , Keith Pearson Organizations: Hurricane Milton, Lakes Country Club, Spanish Lakes, NBC News, Lakes Country, Google, Hurricane, St Locations: Florida, St, Lucie, Florida’s, Spanish, Fort Pierce, Fla, Hurricane Milton, , , Lucie County, ” St
CNN —To say that there have been many twists and turns in the tale of the three-and-a-half-year cruise is something of an understatement. Villa Vie Odyssey initially set off from Belfast, Northern Ireland on Monday night after a delay of around four months, but didn’t get very far. Villa Vie CEO Mike Petterson told CNN on Friday that the ship would remain in France for one day, before heading to Bilbao, Spain. Petterson previously indicated that the delayed departure was due to a longer than usual certification process. While the ship was built in 1993, it has been held to the standards of a new vessel, said Petterson.
Persons: didn’t, Fred, Olsen, Villa, Mike Petterson, Holly Hennessey, ” “ It’s, it’s, Angela Theriac, Petterson, CNN’s Julia Buckley, Marnie Hunter Organizations: CNN, Olsen Cruise Lines, Villa Vie Locations: Belfast, Northern Ireland, Belfast Lough, Braemar, Brest, France, Bilbao, Spain
New adventureThe couple lived in Nukus, the sixth-largest city in Uzbekistan, for four years. “It’s difficult sometimes, to get back to normal living,” Zora says of their desire to keep moving from place to place. But it’s also a wonderful city with beautiful architecture.”When asked of her favorite thing about living in Uzbekistan, Zora says that this was undoubtedly her students. When asked what she missed about living in Canada, Zora confesses that going to see blockbuster movies that aren’t dubbed over was high up there on the list. Although they will be returning to Canada briefly, Zora says they have no intention of remaining there permanently.
Persons: Zora, Dave Keffer, , they’d, , ” Zora, Dave, Zora Keffer, “ It’s, “ There’s, can’t, it’s, Nukus, Zora Keffer Zora, you’ve, Khiva, ” Zora’s, “ You’ve, “ That’s, we’ll Organizations: CNN, United, United Arab Emirates, Uzbekistan –, , Google Locations: United Arab, Canada, Central Asia, Kazakhstan, Uzbekistan, Soviet, West, Czechoslovakia, Nukus, Kuwait, mull, – Nukus, Russia, Ukraine, Tashkent, Samarkand, Bukhara, Khiva, North America,
CNN —Construction of Saudi Arabia’s kilometer-high Jeddah Tower, which will become the world’s tallest skyscraper upon completion, has resumed almost seven years after work ground to a halt amid a kingdom-wide anti-corruption purge. His family’s firm, which also owns a stake in the Jeddah Tower project, has been rehired to complete the construction work. Designed for extremesFormerly known as Kingdom Tower, the skyscraper broke ground in 2013 and was initially expected to be completed by 2020. The architect’s Chicago-based practice, Adrian Smith + Gordon Gill, has said the tower’s shape “evokes a bundle of leaves shooting up from the ground.”Work halted on the unfinished Jeddah Tower in 2018. Jeddah Tower will be the crown jewel of a wider 57-million-square-foot, $20-billion development dubbed Jeddah Economic City.
Persons: Prince Mohammed bin Salman’s, JEC, Saudi Prince Alwaleed bin Talal, Alwaleed, , Bakr, Laden, Osama bin Laden, Adrian Smith, Gordon Gill, Amel, ” Adrian Smith, JEC’s, Hisham Jomah, , Jomah Organizations: CNN, Jeddah Economic Company, Saudi, Kingdom Holding Company, , Kingdom Holding, Saudi Binladen Group, Newsweek, Maxar, Jeddah Economic Locations: Saudi, Jeddah, Saudi Prince, Dubai, Burj Khalifa, Chicago, Medina, Mecca,
CNN —It finally set off on a three-and-a-half-year cruise from Belfast, Northern Ireland on Monday night after months of setbacks. But nearly two days later, Villa Vie Odyssey remains just a few miles into its journey, having dropped anchor in the Belfast Lough waterway within hours of embarking. ET) Wednesday, Villa Vie Odyssey was still in the same position, according to marine tracking website Vesselfinder. “We are excited and relieved,” passenger Lanette Canen said shortly before the ship was due to set sail on Monday. [Villa Vie] did it!
Persons: Villa, , ” Villa, Mike Petterson, Kilcoyne, Petterson, Fred, Olsen, Canen, ” CNN’s Julia Buckley, Marnie Hunter Organizations: CNN, , Belfast, REUTERS, Olsen Cruise Lines Locations: Belfast, Northern Ireland, Belfast Lough, Braemar
Constant companionAdventurer Tom Turcich spent seven years walking around the world with his dog Savannah. When asked if he believes he would have managed to complete the journey without Savannah, Turcich says he’s not sure. I can’t imagine doing it without her, in hindsight.”Turcich has written a memoir, The World Walk, about his experiences during the incredible trip. “The World Walk was never about any record or anything like that,” he says. “I think walking around the world, if you really want to do it, it’s an incredible way to live a life.
Persons: Savannah, Tom Turcich, couldn’t, Turcich, ” Turcich, Anne Marie, Shannon, , , Forrest Gump, Tom Hanks, Bonnie Snyder, he’d, Bonnie, Cleo, Snyder, she’d, I’m, Steven Newman, Karl Bushby, he’s, “ Bonnie’s, you’re, , It’s, “ It’s, I’ve, haven’t, it’s Organizations: CNN, Turcich, Guinness World Records, Guinness Locations: New Jersey, Haddon Township, Savannah, Chile, Panama, Kazakhstan, Seattle, Austin , Texas, Turkey, Georgia, Tbilisi, Istanbul, Sicily, Malta, Kentucky
Analysts across Wall Street saw rising competition and a declining take rate, or the percentage of revenue PayPal keeps from each transaction. Fast forward to today, and the picture is dramatically brighter for the 26-year-old Silicon Valley company and its 47-year-old CEO. Analysts are projecting roughly 6% revenue growth when PayPal reports third-quarter results in about a month, according to LSEG. Venture capitalist Oren Zeev has seen Chriss work with small businesses in another capacity. "He obviously brought a lot to the table with his vast experience with small businesses," Zeev said.
Persons: Alex Chriss, CNBC's David Faber, hadn't, Chriss, downgrades, Dan Dolev, Dolev, Susquehanna's James Friedman, he's, Friedman, Dan Schulman, Dana Stalder, He's, PayPal didn't, Isabel Cruz, Michelle Gill, Diego Scotti, Jamie Miller, Stalder, we've, Faber, Susquehanna's Friedman, That's, Will Ferrell, Ferrell, Fleetwood, hasn't, Sanjay Sakhrani, Sakhrani, SMBs, Oren Zeev, Zeev Organizations: PayPal Inc, PayPal, New York Stock Exchange, Mizuho Securities, CNBC, Apple Pay, Nasdaq, Meta, Matrix Partners, Intuit, Walmart, Verizon, Starbucks, Ticketmaster, Apple, Google, Shopify, Venture Locations: Wall, Braintree, EY, Venmo, U.S
After seeing its departure postponed several times, Villa Vie Odyssey finally set off from Belfast, Northern Ireland, Monday night. [Villa Vie] did it! People embrace after hearing that Villa Vie Residences' Odyssey cruise ship would sail on September 30 after long delays. Andy Garrison, 75, carries a model of the Titanic as he boards the Villa Vie Odyssey cruise ship on September 30. And after a long wait, the Villa Vie Odyssey has finally set sail.
Persons: Fred, Olsen Cruise, Canen, , Villa, Mike Petterson, it’s, “ I’ve, ” Petterson, Petterson, Clodagh Kilcoyne, Johan Bodin, Andy Garrison, Reuters Villa, CNN’s Marnie Hunter Organizations: CNN, Vie Residences, Passengers, Hawaii –, Reuters, Sea Cruises Locations: Belfast, Northern Ireland, Braemar, Hawaii
Bhatnagar pointed to how Taiwan's Powerchip Semiconductor Manufacturing Corporation will help India's Tata Electronics to build the country's first 12-inch wafer fab in Gujarat. However, analysts said India first needs to learn the ropes before it can compete with the East Asian giant, especially since its semiconductor manufacturing industry is still at a very nascent stage. "India is far behind China in semiconductor manufacturing. Earlier in September, the U.S. Department of State announced it will partner with the India Semiconductor Mission and India's electronics and IT government body to improve the global semiconductor value chain. "We are encouraging [the] semiconductor industry in a big way.
Persons: Narendra Modi, Eri Ikeda, Trendforce, Bhatnagar, Rishi Bhatnagar, Ikeda, Cozying, Biden, Modi, Jensen Huang, Sundar Pichai, Huang, Thomas Caulfield, Lisa Su, Tarun Pathak, CNBC's Tanvir Gill, Goldman Sachs Organizations: Dixon Technologies, Bloomberg, Getty, India, Indian, CNBC, Department of Management Studies, Indian Institute of Technology, Semiconductor Manufacturing Corporation, Tata Electronics, Micron Technology, Devices, Tata Group, East, External, of Engineering, U.S . Department of State, India Semiconductor, Nvidia, Google, Hindustan Times, AMD, Counterpoint, Apple, Counterpoint Research Locations: Uttar Pradesh, India, Indian Institute of Technology Delhi, Taiwan, China, South Korea, U.S, Japan, Gujarat, American, China India, New York, New Delhi, Beijing
I wanted to taste a descendant of those ancient peppers, Peru’s native ají amarillo. Now it was time to learn how this distillation of ají amarillo manifested in local dishes. I felt as if this might be the closest I’d yet come to really tasting ají amarillo, its frank optimism, its essence as a fruit. The ají amarillo sauce was frozen into a shimmery yellow dust that turned to leche de tigre on the plate. Then came the soup, made of ají amarillo gone long on the stove with fish stock and fermented corn.
Persons: We’ve, chiles, jolokias, Chiles, amarillo, Lomo, Nicholas Gill, ceviche, Papacho, Rocio Cuba, Pisco Sours, midthrash, couldn’t, Maido, Mitsuharu Tsumura, Tsumura, leche, Ligaya, Luisa Dörr Organizations: chiles, Chorrillos, T Magazine Locations: Peru, Scotch, habaneros, Trinidad, South America, Andes, amarillo, Lima, Spanish, ají, leche, tigre, leche de tigre, La, jaladito, Brazilian, Bahia
Yet, India's central bank appeared to dismiss the negativity earlier this month and reiterated its bullish view of India's growth rate, still expecting the economy to grow by 7.2%. However, when prompted on whether India's growth rate could compete with what China has already achieved for over two decades, the governor was less buoyant. But if you are looking at 10-plus growth, before I venture into that, I have to really do my homework much more," Governor Das said. This week, China's central bank, President Xi Jinping and other top leaders announced plans to boost the country's economy and attract investment. If India intends to grow as fast as China did, it may have to get a move on.
Persons: Goldman Sachs, CNBC's Tanvir Gill, Shaktikanta Das, Das, Narendra Modi, he's, , Xi Jinping, David Tepper, he'd, Kaanhari Singh Organizations: Bank of America, Deutsche Bank, Reserve Bank of India, CNBC, Bank, Appaloosa Management, Barclays Locations: Wall, India, China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with India's Minister of Commerce and Industry Piyush GoyalCNBC's Tanvir Gill spoke to Indian Commerce and Industry Minister Piyush Goyal in an exclusive interview. He explained why it was not in India's interest to be part of a free trade agreement with China, as well as the country's semiconductor ambitions.
Persons: Tanvir Gill, Piyush Goyal Organizations: India's, Commerce, Industry, Indian Commerce and Industry Locations: China
Anadolu | Anadolu | Getty ImagesIndia's commerce minister rejected the idea of joining the Regional Comprehensive Economic Partnership, the world's largest trade deal, maintaining that it is not in the country's interest to be part of a free trade agreement with China. Negotiations for the RCEP started in 2013 and initially included India, which some members viewed as a counterbalance to China. However, in 2019, India chose not to join RCEP, citing unresolved "core interest" issues. Goyal noted that at that time, India already had a free trade agreement with ASEAN, Japan and Korea, as well as a bilateral trade with New Zealand worth $300 million. "It was not in our farmers' interest, RCEP did not reflect the aspirations of our small and micro medium industries and sector, and in some form, was nothing but a free trade agreement with China," he said.
Persons: Industry Piyush Goyal, CNBC's Tanvir Gill, Goyal, RCEP Organizations: Anadolu, Getty, Regional Comprehensive Economic, ASEAN, Commerce, Industry, , Association of Southeast Asian Nations, RCEP, New Zealand, Trade, Semiconductor Locations: China, India, Asia, South Korea, Japan, Australia, New Zealand, Korea
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