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☆ Ambani’s retail backers dispel only a little doubt
▼ + stars: | 2023-09-15 | by ( Shritama Bose | ) www.reuters.com time to read: +4 min

Asia’s richest man is raising fresh funds to trim debt and expand the shopping unit of his flagship Reliance Industries (RELI.NS). Ambit Capital, a broking firm, for example ascribes Reliance Retail a $57 billion valuation in a sum of the parts analysis, almost half Bernstein’s estimated $111 billion. Any financial haze around Reliance Retail will naturally clear whenever it publishes a detailed listing prospectus. U.S. private equity giant KKR will invest 20.7 billion rupees ($250 million) into Reliance Retail Ventures, the company’s parent Reliance Industries said on Sept. 11. Reliance Retail is a subsidiary of Reliance Industries.

Persons: Mukesh Ambani, Thakore, Singapore’s GIC, Bernstein, Una Galani, Thomas Shum Organizations: Reuters, Reliance Industries, KKR, Abraham, Qatar Investment, U.S, Reliance Retail, Abu Dhabi Investment Authority, Saudi Arabia’s Public Investment Fund, Reliance, HK, India’s Reliance Industries, Reliance Retail Ventures, Thomson Locations: MUMBAI, Qatar, Abu Dhabi, China, Singapore, Saudi Arabia

The UAW strike at three factories owned by General Motors, Ford and Chrysler-owner Stellantis kicked off the most ambitious U.S. industrial labor action in decades. "No one wants a strike, but I respect workers' right to use their options under the collective bargaining" system, Biden said. Labor unions like the UAW - which represents 146,000 workers - are key to Biden's game plan for winning reelection in 2024. "The auto workers are being sold down the river by their leadership," Trump said in the interview with NBC's Meet the Press. Under Trump, auto companies "would likely have gone bankrupt," the Biden campaign said in a statement.

Persons: Joe Biden, Stellantis, Biden, Gene Sperling, Julie Su, Jonathan Ernst, Rights Biden, President Trump, Biden's, Trump, Suzanne Clark, Nandita Bose, Steve Holland, Jarret Renshaw, Susan Heavey, Alison Williams, Jason Neely, Nick Zieminski, Heather Timmons, Deepa Babington Organizations: UAW, General Motors, Ford, Chrysler, Labor, carmakers, Prince George's Community College, REUTERS, Rights, Former U.S, Republican, Biden's, NBC's, Press, Trump, U.S . Chamber of Commerce, Thomson Locations: Pennsylvania, Michigan, U.S, Detroit, Largo , Maryland

☆ US House panel asks Hawaiian Electric CEO to testify in wildfire probe
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +1 min

The shells of burned houses and buildings are left after wildfires driven by high winds burned across most of the town in Lahaina, Maui, Hawaii, U.S. August 11, 2023. Hawai'i Department of Land and Natural Resources/Handout via REUTERS/File Photo Acquire Licensing RightsCompanies Hawaiian Electric Industries Inc FollowSept 14 (Reuters) - The U.S. House Energy and Commerce Committee on Thursday asked utility company Hawaiian Electric (HE.N) CEO Shelee Kimura to testify at a hearing investigating the causes of the wildfire that killed at least 115 people and razed the historic town of Lahaina. Along with Kimura, the committee also summoned officials of the Hawaii Public Utilities Commission and the Hawai’i State Energy Office. Last month, the panel sent letters to Hawaiian Electric as well as state utility officials, seeking information about the wildfires. Reporting by Mrinalika Roy and Sourasis Bose in Bengaluru; Editing by Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.

Persons: Shelee Kimura, Kimura, Mrinalika Roy, Sourasis Bose, Pooja Desai Organizations: Hawai'i Department of Land, Natural Resources, REUTERS, Hawaiian Electric Industries, U.S . House Energy, Commerce, Electric, Hawaii Public Utilities Commission, Hawai’i, Energy Office, Thomson Locations: Lahaina, Maui, Hawaii, U.S, Washington, United States, Bengaluru

☆ Biden to address budget cuts, government shutdown in Thursday speech
▼ + stars: | 2023-09-14 | by ( Nandita Bose | ) www.reuters.com time to read: +2 min

US President Joe Biden addresses the nation on averting default and the Bipartisan Budget Agreement, in the Oval Office of the White House in Washington, DC, June 2, 2023. The White House and Senate leaders - including top Republican Mitch McConnell - have rejected that demand. "Today, the President will explain how these harmful cuts fit into the larger Republican budget plan...and what that plan would mean for the American people," the White House said in a statement. The White House will spend "much of this fall" laying out the Republican budget plan, which they say includes lowering taxes for the rich and cuts to programs such as Social Security and Medicare. In June, Biden tried to flip skeptical Americans on his economic plan by re-introducing his vision of middle-class American prosperity.

Persons: Joe Biden, JIM WATSON, Biden, Kevin McCarthy, Republican Mitch McConnell, Nandita Bose, Christian Schmollinger Organizations: White, Rights, Republican, Democratic, Republicans, Social Security, Research, Thomson Locations: Washington , DC, Washington

☆ Canopy Growth seeks bankruptcy protection for BioSteel to trim costs
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +1 min

A sign featuring Canopy Growth Corporation's logo is pictured at their facility in Smiths Falls, Ontario, Canada, January 4, 2018. REUTERS/Chris Wattie Acquire Licensing RightsSept 14 (Reuters) - Canada's Canopy Growth (WEED.TO) said on Thursday it would seek bankruptcy protection for its sports nutrition products' segment BioSteel, in the pot producer's latest attempt to rein in costs. Canopy's shares rose 9.6% in early trade after the company said it expects to lower debt by C$95 million over the next two quarters. Canopy first raised doubts about its ability to continue as a going concern in June and reiterated in August. Canopy had said in June it was facing an investigation from the U.S. Securities and Exchange Commission over the reporting of revenue from BioSteel.

Persons: Chris Wattie, Sourasis Bose, Shweta Agarwal, Shinjini, Shilpi Majumdar Organizations: REUTERS, U.S . Securities, Exchange Commission, Thomson Locations: Smiths Falls , Ontario, Canada, , Ontario, BioSteel, Bengaluru

☆ As UAW strike looms, Biden admin considers aid for small suppliers -source
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +3 min

A General Motors assembly worker pickets outside the General Motors Bowling Green plant during the United Auto Workers (UAW) national strike in Bowling Green, Kentucky, U.S., October 10, 2019. Aid for suppliers has been discussed "since the minute it became clear there could be a strike" but those talks are "premature and fluid," the source said. Auto suppliers held recent discussions with the White House about the potential impact of a strike and possible options that the Biden administration could tap to help suppliers weather a prolonged strike. Small suppliers are critical to automakers' supply chains. Automakers have spent much of the past three years dealing with supply chain disruptions, and are still working to recover.

Persons: Bryan Woolston, Joe Biden's, Biden, Nandita Bose, David Shepardson, Paul Grant, David Ljunggren, Heather Timmons, Leslie Adler Organizations: General Motors, United Auto Workers, UAW, REUTERS, Detroit Three, U.S, Auto, House, Washington Post, Labor Department, Small Business Administration, White, SBA, Motor Equipment Manufacturers Association, Thomson Locations: Bowling Green , Kentucky, U.S, Michigan , Ohio, Canadian, Ontario

☆ Sigma Lithium to explore alternatives after proposals for miner, Brazil unit
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +1 min

Workers of Sigma Lithium Corp are seen at the Grota do Cirilo mine in Itinga, in Minas Gerais state, Brazil April 18, 2023. REUTERS/Washington Alves/File Photo Acquire Licensing RightsSept 13 (Reuters) - Miner Sigma Lithium (SGML.V), said on Wednesday it is evaluating strategic alternatives for the whole company, including its Brazilian unit, sending the company's U.S.-listed shares up 14.8% in premarket trading. The company said it has received multiple proposals for its Grota do Cirilo project in Brazil, Sigma Brazil and parent company Sigma Lithium. The proposals were from "global industry leaders in the energy, auto, batteries and lithium refining industries", according to Sigma Lithium. Sigma Lithium CEO Ana Cabral-Gardner said in July that Bank of America was coordinating talks with parties interested in acquiring it.

Persons: Washington Alves, Calvyn Gardner, Ana Cabral, Gardner, Sourasis Bose, Shounak Dasgupta Organizations: Sigma Lithium Corp, REUTERS, Sigma, Sigma Lithium, of America, LG Energy, Thomson Locations: Itinga, Minas Gerais, Brazil, U.S, Sigma Brazil, Vancouver , British Columbia, Bengaluru

☆ Chevron buys world's biggest hydrogen storage plant in Utah
▼ + stars: | 2023-09-12 | by ( Sabrina Valle | Thomson Reuters | U.S. Energy Correspondent Focused In Covering Global Operations Of Oil Majors Out Of Houston. | ) www.reuters.com time to read: +2 min

HOUSTON, Sept 12 (Reuters) - U.S. oil major Chevron Corp (CVX.N) on Tuesday said it has acquired a majority stake in the world's largest proposed storage facility for hydrogen from renewable energy. U.S. majors Chevron and Exxon Mobil (XOM.N) are rushing to lower production costs and bring scale to the technology as part of their lower carbon fuel strategy. Chevron wants to develop "a large-scale, hydrogen platform that provides affordable, reliable, ever-cleaner energy,” said Austin Knight, vice president of hydrogen, Chevron New Energies. Hydrogen can also be used to store energy and used to adjust seasonal supply and demand needs in power grids. It is spending an average of $1.25 billion per year through 2028 to reduce its own emissions and expand lower carbon fuels including hydrogen.

Persons: ”, Austin Knight, Sabrina Valle, Sourasis Bose, Pooja Desai, Sharon Singleton Organizations: Chevron Corp, Chevron, Exxon Mobil, ACES, Haddington Ventures, U.S . Department of Energy, Mitsubishi Power Americas, Magnum, International Energy, Hydrogen, Thomson Locations: ACES Delta, Haddington, Delta, Utah, Chevron, Houston, Bengaluru

While he's willing to invest in that, mostly he wants to make sure Union Pacific's day-to-day operations are steadily improving. He's also working to speed up decision making at the railroad to help make Union Pacific more responsive to customers. We’re going to have the best service, and we’re going to have the best safety record. That will put pressure on Union Pacific’s profits. Railroad safety has been in the spotlight this year ever since a Norfolk Southern train derailed and caught fire in eastern Ohio back in February.

Persons: Jim Vena, he's, ” Vena, Vena, He's, Lance Fritz, “ We’re, Amit Bose Organizations: —, Pacific's, Union, Canadian National, Union Pacific, Federal Railroad Administration Locations: OMAHA, Neb, Union Pacific, West, Norfolk Southern, Ohio, East Palestine

U.S. President Joe Biden attends a meeting with Vietnam's Communist Party General Secretary Nguyen Phu Trong, at the Communist Party of Vietnam Headquarters in Hanoi, Vietnam, September 10, 2023. Deals unveiled by the White House during the trip include Vietnam Airlines' purchase of 50 Boeing 737 Max jets, in an agreement that it said was worth $7.8 billion, in line with an earlier Reuters report. The White House also announced plans by Microsoft (MSFT.O) to make a "generative AI-based solution tailored for Vietnam and emerging markets." The White House also highlighted the number of chip-related investments by U.S. firms in Vietnam, including plans by Marvell and Synopsys (SNPS.O) to build chip design centres in the country. U.S. State Secretary Antony Blinken and Vietnam's investment minister Nguyen Chi Dung chaired the meeting, which was followed by discussions with Biden and Vietnam's Prime Minister Pham Minh Chinh.

Persons: Joe Biden, Nguyen Phu Trong, Evelyn Hockstein, Joe Biden's, MoMo, Biden, Vietnam's FPT, Antony Blinken, Nguyen Chi Dung, Pham Minh Chinh, Dung, Phuong Nyugen, Nandita Bose, Francesco Guarascio @fraguarascio, Edwina Gibbs Organizations: Vietnam's Communist Party General, Communist Party of, REUTERS, Rights, Google, Intel, Marvell, Boeing, Innovation, Investment, Nasdaq, Vietnam Airlines, White, Max, Microsoft, Nvidia, Intel's, Honeywell, State, Vietnam's, Thomson Locations: Communist Party of Vietnam, Hanoi, Vietnam, Rights HANOI, chipmaking, Washington, China, Taiwan, U.S, United States

☆ India’s fintech partygoers nurse a needed hangover
▼ + stars: | 2023-09-11 | by ( Shritama Bose | ) www.reuters.com time to read: +4 min

MUMBAI, Sept 11 (Reuters Breakingviews) - India’s financial technology industry is suffering from overindulgence. And it was on full display at a sombre Global Fintech Festival in Mumbai last week. The South Asian country is the world’s third-largest fintech market by number of unicorns. Poster child Byju’s is squabbling with lenders as investors walk away and financial reports get delayed. Follow @ShritamaBose on XCONTEXT NEWSThe Global Fintech Fest organised by the National Payments Corporation of India and industry association Payments Council of India was held between Sept. 5 and 7 in Mumbai.

Persons: securitisation, ’, hesitatingly, Vishwas Patel, they’re, fintechs, Mukesh Ambani’s, Antony Currie, Katrina Hamlin, Thomas Shum Organizations: Reuters, Founders, Boston Consulting Group, Venture, Reserve Bank, One97 Communications, FSN, Commerce Ventures, Innoven Triple Blue Capital, XV Partners, Financial, National Payments Corporation of India, Thomson Locations: MUMBAI, Mumbai, India, fintech, Sequoia Capital’s India, Southeast Asia, Rwanda, Japan, Germany, Peru

(AP) — Federal inspectors said they found an alarming number of defects in the locomotives and railcars Union Pacific was using at the world's largest railyard in western Nebraska this summer, and the railroad was reluctant to fix the problems. Federal Railroad Administrator Amit Bose wrote a letter to UP's top three executives Friday expressing his concern that the defects represent a “significant risk to rail safety " on the Union Pacific railroad. But the letter didn't detail what kind of defects inspectors found in the Bailey Yard in North Platte, and there are a myriad of federal rules. “Union Pacific will never compromise on the safety of our employees. Union Pacific has a network of 32,400 miles (52,000 kilometers) of track in 23 Western states.

Persons: Amit Bose, Bose, ” Bose, carmen, Kristen, South, Jim Vena Organizations: —, Union Pacific, Federal, “, Pacific, FRA, Union Pacific's Locations: OMAHA, Neb, Nebraska, North Platte, Omaha , Nebraska, ”

☆ Biden Holds Highest-Level Talks With Chinese Leadership in Months
▼ + stars: | 2023-09-10 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +1 min

By Nandita Bose and Trevor HunnicuttHANOI (Reuters) - U.S. President Joe Biden said on Sunday he held his highest-level direct talks with Chinese leadership in months and said the country's economic wobbles wouldn't lead it to invade Taiwan. "My team, my staff still meets with President Xi's people and his cabinet," Biden told reporters. In March, he took office in the country's No.2 post. "I don't think this is going to cause China to invade Taiwan," Biden said. (Reporting by Nandita Bose in Hanoi and Trevor Hunnicutt in Washington; Editing by Lisa Shumaker)

Persons: Nandita Bose, Trevor Hunnicutt HANOI, Joe Biden, Xi's, Biden, Li Qiang, Trevor Hunnicutt, Lisa Shumaker Organizations: Southern Hemisphere Locations: Taiwan, India, New Delhi, China, Hanoi, Washington

U.S. President Joe Biden attends Partnership for Global Infrastructure and Investment event on the day of the G20 summit in New Delhi, India, September 9, 2023. REUTERS/Evelyn Hockstein/Pool Acquire Licensing RightsHANOI, Sept 10 (Reuters) - U.S. President Joe Biden said on Sunday he held his highest-level direct talks with Chinese leadership in months and said the country's economic wobbles wouldn't lead it to invade Taiwan. Chinese Premier Li Qiang attended the annual G20 summit in New Delhi. In March, he took office in the country's No.2 post. "I don't think this is going to cause China to invade Taiwan," Biden said.

Persons: Joe Biden, Evelyn Hockstein, Xi's, Biden, Li Qiang, Nandita Bose, Trevor Hunnicutt, Lisa Shumaker Organizations: Global Infrastructure, REUTERS, Rights, Southern Hemisphere, Thomson Locations: New Delhi, India, Rights HANOI, Taiwan, China, Hanoi, Washington

Biden said he met with Chinese President Xi Jinping's No.2, Chinese Premier Li Qiang, at the annual G20 summit in New Delhi. "My team, my staff still meets with President Xi's people and his cabinet," Biden told reporters. Biden called China's economic situation a "crisis," citing issues in the real estate sector and high youth unemployment. "One of the major economic tenets of his plan isn't working at all right now," Biden said of Xi, without elaborating. "I don't think this is going to cause China to invade Taiwan," Biden said of the country's economic troubles.

Persons: Joe Biden, Biden, Xi Jinping's, Li Qiang, Xi, Li, Xi's, I'm, it's, Evelyn Hockstein, Nandita Bose, Trevor Hunnicutt, Doina Chiacu, Lisa Shumaker, Heather Timmons, Cynthia Osterman Organizations: Taiwan, Southern, Sunday, Global Infrastructure, REUTERS, Democratic, Thomson Locations: HANOI, New Delhi, Indonesia, India, U.S, Beijing, Vietnam, China, Taiwan, United States, Hanoi, Washington

U.S. President Joe Biden holds a press conference in Hanoi, Vietnam, September 10, 2023. Biden also said in Hanoi he had talked with Xi’s deputy at the G20, and that the two talked about stability. In recent weeks, Vietnam has engaged in several high-level defence meetings with top Russian officials. CHIPS, RARE EARTHSBiden’s visit comes as bilateral trade and investment ties are growing and a long-simmering territorial dispute between Vietnam and China heats up in the South China Sea. A large part of it could go to Vietnam, officials said.

Persons: Joe Biden, Evelyn Hockstein The, Biden, ”, ” Biden, Xi Jinping, Nguyen Phu Trong, Pham Minh Chinh, Jon, “, Antony Blinken Organizations: Sunday, REUTERS, Communist Party, Communist Party General, Reuters, Vietnam’s, Vietnam Airlines, Boeing, Max, Google, Intel, Marvell, GlobalFoundries, U.S Locations: HANOI, WASHINGTON, Vietnam, Washington, China, Russia, Hanoi, United States, Pacific, Hanoi . Vietnam, Beijing, Ukraine, Moscow, U.S, India, South China, America

[1/3] A general view of the venue for the G20 summit in New Delhi, India, September 9, 2023. According to a draft of the summit declaration reviewed by Reuters, negotiators were unable to resolve disagreements over the wording on the war in Ukraine, leaving it to the leaders to reach a compromise if possible. According to another senior source in one of the G20 countries, the paragraph on the war on Ukraine had been agreed by Western countries and sent to Russia for its views. The official said Russia had the option to accept Western countries' views and give its dissent as part of the statement. The two-day summit is expected to be dominated by the West and its allies.

Persons: Amit Dave, Joe Biden, Biden, Sergei Lavrov, Creon Butler, Xi Jinping, Li Qiang, Russia's Vladimir Putin, Olaf Scholz, Emmanuel Macron, Rishi Sunak, Saudi Arabia's Mohammed Bin Salman, Japan's Fumio, Narendra Modi's, Manoj Kumar, Katya Golubkova, Krishn Kaushik, Raju Gopalakrishnan, Sanjeev Miglani, Jacqueline Wong Organizations: REUTERS, Bharat, Reuters, White, Foreign, West, British, Thomson Locations: New Delhi, India, DELHI, India's, Ukraine, Delhi, Russia, Western, EU, Saudi, China, Moscow

Indian Prime Minister Narendra Modi announced that the Leaders' Declaration had been adopted on the first day of the weekend G20 summit in New Delhi. "On the back of the hard work of all the teams, we have received consensus on the G20 Leaders Summit Declaration. British Prime Minister Rishi Sunak said the declaration had "very strong language about Russia's illegal war in Ukraine". The declaration also called for the implementation of the Black Sea initiative for the safe flow of grain, food and fertiliser from Ukraine and Russia. Despite the compromise over the Leaders' Declaration, the summit had been expected to be dominated by the West and its allies.

Persons: Narendra Modi, Joe Biden, Evan Vucci, Germany's Scholz, Modi, Olaf Scholz, Rishi Sunak, Sergei Lavrov, Subrahmanyam Jaishankar, India's, Biden, Xi Jinping, Li Qiang, Russia's Vladimir Putin, Scholz, Sunak, Emmanuel Macron, Saudi Arabia's Mohammed Bin Salman, Japan's Fumio, Jon, Manoj Kumar, Katya Golubkova, Krishn Kaushik, Mayank Bhardwaj, Michel Rose, Raju Gopalakrishnan, Sanjeev Miglani, Jacqueline Wong, Kim Coghill, Alexander Smith Organizations: Indian, REUTERS Acquire, British, Foreign, INDIA, India's sherpa, Bharat, African Union, West, United Arab, Thomson Locations: New Delhi, India, Ukraine, Russia, DELHI, Ukrainian, Moscow, CHINA, China, Brazil, South Africa, Indonesia, Saudi, U.S, Delhi, Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, United Arab Emirates

The visit comes as trade and investment ties between the two nations are growing and a long-simmering territorial dispute between Vietnam and China heats up in the South China Sea. Vietnam has named four other countries "comprehensive strategic partners," the designation expected for the U.S.: China, Russia, India and South Korea. Biden's visit comes nearly 50 years after the end of the deeply unpopular Vietnam War between the Soviet-backed Communist government of North Vietnam and South Vietnam’s U.S.-backed regime. "For decades, the US and Vietnam have worked to overcome a painful shared legacy of the Vietnam War, working hand in hand to promote reconciliation, with our service members and our veterans lighting the way," he said. Washington has been pushing to elevate ties with Hanoi to a "strategic" partnership from one that for the past decade has been called "comprehensive."

Persons: Joe Biden, Evelyn Hockstein, Biden, Nguyen Phu Trong, Antony Blinken, Jake Sullivan, Nandita Bose, Khanh Vu, Francesco Guarascio, Heather Timmons, Chizu Organizations: Global Infrastructure, REUTERS, Sunday, Communist Party General, Party, U.S ., Google, Intel, Marvell, Boeing, U.S, Communist, Thomson Locations: New Delhi, India, DELHI, HANOI, United, China, Asia, Vietnam, South China, Russia, South Korea, Hanoi, U.S, Soviet, North Vietnam, South Vietnam’s U.S, Pacific, US, Washington, Czech Republic

☆ It is for China to explain Xi's absence from G20 summit, US official says
▼ + stars: | 2023-09-09 | by ( Nandita Bose | ) www.reuters.com time to read: +2 min

Chinese President Xi Jinping attends the plenary session of the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg, South Africa on August 23, 2023. GIANLUIGI GUERCIA/Pool via REUTERS Acquire Licensing RightsNEW DELHI, Sept 9 (Reuters) - Only China can explain the reason for the absence of President Xi Jinping from the annual G20 summit in New Delhi this weekend, a U.S. official said on Saturday. "Some have speculated China's absence indicates that it is giving up on the G20, building an alternative world order, that it will privilege groupings like the BRICS," Finer said. Also absent from the summit is President Vladimir Putin of Russia, which is being represented instead by Foreign Minister Sergei Lavrov. Last Sunday, reacting to news that Xi would not attend the G20 summit, Biden said he was "disappointed" but would "get to see him".

Persons: Xi Jinping, GIANLUIGI, Joe Biden, Jon, Li Qiang, Vladimir Putin of, Sergei Lavrov, Biden, Xi, Sudipto Ganguly, Clarence Fernandez Organizations: REUTERS Acquire, U.S, Thomson Locations: Sandton, Johannesburg, South Africa, DELHI, China, New Delhi, U.S, United States, Vladimir Putin of Russia, India, Brazil

☆ US, India, Saudi, EU to unveil rail, ports deal on G20 sidelines -White House official
▼ + stars: | 2023-09-09 | by ( Nandita Bose | ) www.reuters.com time to read: +2 min

U.S. President Joe Biden listens to the opening remarks of Indian Prime Minister Narendra Modi during the first session of the G20 Summit, in New Delhi, India, Saturday, Sept. 9, 2023. Evan Vucci/Pool via REUTERS Acquire Licensing RightsNEW DELHI, Sept 9 (Reuters) - A multinational rail and ports deal linking the Middle East and South Asia will be announced on Saturday on the sidelines of the G20 summit in New Delhi, a White House official said. A memorandum of understanding for the deal will be signed by the European Union, India, Saudi Arabia, the United Arab Emirates, the United States and other G20 partners, Finer said. The move comes amid U.S. efforts for a broader diplomatic deal in the Middle East that would have Saudi Arabia recognise Israel. From the U.S. viewpoint, Finer added, the deal helps "turn the temperature down across the region" and "address a conflict where we see it".

Persons: Joe Biden, Narendra Modi, Evan Vucci, Jon, Nandita Bose, Krishn Kaushik, Shivam Patel, Clarence Fernandez Organizations: Indian, REUTERS Acquire, White, Washington, European Union, United Arab Emirates, Thomson Locations: New Delhi, India, DELHI, East, South Asia, U.S, Gulf, Europe, Saudi Arabia, United States, Israel

☆ US, Vietnam to Elevate Ties During Biden Visit, With Eye on China
▼ + stars: | 2023-09-09 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +3 min

Persons: Nandita Bose, Francesco Guarascio, Joe Biden, Biden, Nguyen Phu Trong, Antony Blinken, Jake Sullivan, Khanh Vu, Heather Timmons, Chizu Organizations: Francesco Guarascio NEW, Sunday, Communist Party General, Party, U.S ., Google, Intel, Marvell, GlobalFoundries, Boeing, U.S, Communist Locations: Francesco Guarascio NEW DELHI, HANOI, United, China, Asia, Vietnam, South China, Russia, India, South Korea, Hanoi, U.S, Soviet, North Vietnam, South Vietnam’s U.S, Pacific, US, Washington, Czech Republic

☆ Biden, Modi discuss rail deal, democracy as U.S. press sidelined
▼ + stars: | 2023-09-08 | by ( Nandita Bose | ) www.reuters.com time to read: +5 min

Biden and Modi last met in person in June when the Indian leader was the guest of a White House state visit. U.S. Treasury Secretary Janet Yellen joined Friday's meeting, as did White House national security adviser Jake Sullivan, the White House said in a statement. Biden spoke to Modi about the importance of a healthy democracy, Campbell told reporters. Modi, of the Hindu nationalist Bharatiya Janata Party, has faced criticism about shrinking press freedom in India since he took office. His allies attacked the reporter afterward, in a targeted online harassment campaign that the White House later called "unacceptable" and "antithetical to the very principles of democracy."

Persons: Joe Biden, Narendra Modi, Biden, We're, we've, Kurt Campbell, Campbell, Eileen Laubacher, Modi, amiably, Janet Yellen, Jake Sullivan, Subrahmanyam, Ajit Doval, Amit Dave, Nandita Bose, Steve Holland, Heather Timmons, Grant McCool Organizations: Indian, U.S, U.S . National Security Council, South, U.S ., General Electric, Treasury, Friday's, White, REUTERS, World Bank, Biden, Bharatiya Janata Party, White House, Thomson Locations: DELHI, New Delhi, India, East, Europe, U.S, South Asia, Washington, Delhi, China, Africa, Latin America, Asia, Vietnam, United States, American

☆ Biden and Modi to make progress on GE jet engines, nuclear - White House
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +1 min

U.S. President Joe Biden and India's Prime Minister Narendra Modi talk during a meeting with senior officials and CEOs of American and Indian companies in the East Room of the White House in Washington, U.S., June 23, 2023. REUTERS/Evelyn Hockstein/File Photo Acquire Licensing RightsABOARD AIR FORCE ONE, Sept 7 (Reuters) - The White House expects to see meaningful progress on GE jet engines and civil nuclear technology in upcoming bilateral talks between U.S. President Joe Biden and India Prime Minister Narendra Modi, national security adviser Jake Sullivan told reporters on Thursday. Earlier this year, the aerospace unit of General Electric (GE.N) announced it had signed an agreement with India's state-owned Hindustan Aeronautics (HIAE.NS) to jointly make engines in India to power fighter jets for the Indian Air Force. Reporting by Nandita Bose and Jarrett Renshaw; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden, Narendra Modi, Evelyn Hockstein, Jake Sullivan, Nandita Bose, Jarrett Renshaw, Sandra Maler Organizations: India's, White, REUTERS, AIR FORCE, GE, U.S, India, General Electric, Hindustan Aeronautics, Indian Air Force, Thomson Locations: Washington , U.S, India

☆ White House: Still Work to Do on Israel-Saudi Normalization
▼ + stars: | 2023-09-07 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +1 min

By Nandita BoseABOARD AIR FORCE ONE (Reuters) - White House national security adviser Jake Sullivan said on Thursday that U.S., Israeli and Saudi leaders have put many of the elements of a pathway to normalization on the table but there is still much work to do. Sullivan spoke to reporters aboard Air Force One as President Joe Biden flew to India to attend a G20 summit. "Many of the elements of a pathway to normalization are now on the table. There is still work to do," Sullivan said. Biden envoy Brett McGurk was in Saudi Arabia for talks this week that officials said was largely about the Yemen war but was also expected to include discussions on the potential normalization deal.

Persons: Nandita Bose, Jake Sullivan, Sullivan, Joe Biden, Donald Trump, Biden, Brett McGurk, Steve Holland, Sandra Maler, Jonathan Oatis Organizations: AIR FORCE, White House, Saudi, Air Force, United, United Arab Emirates, CNN, Biden Locations: India, Israel, Saudi Arabia, Morocco, Sudan, Bahrain, United Arab, U.S, Saudi, United States, Yemen

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