Why Janet Yellen’s frequent stops in India are important at a time of tensions with China
US treasury secretary Janet Yellen is back in India for the third time in nine months, this time to meet finance ministers from the Group of 20 nations about global economic challenges like the increased threat of debt defaults facing low-income countries. Ms Yellen will use her time in Gandhinagar to try to foster warming relations between the US and India. She also plans a stop in Hanoi, Vietnam, to address supply chain reliability, clean energy transition and other matters of economic resilience. Ms Yellen's goals for her time in India: press for debt restructuring in developing countries in economic distress, push to modernize global development banks to make them more climate-focused and deepen the ever-growing US-India relationship. Ms Yellen’s frequent stops in the country signal the importance of that relationship at a time of of tensions with China. India’s longstanding relationship with Russia also will loom as the Kremlin's invasion of Ukraine continues despite US and allied countries’ efforts to sanction and economically bludgeon Russia's economy. India has not taken part in the efforts to punish Russia and maintains energy trade with that country despite a Group of Seven agreed-upon price cap on Russian oil, which has seen some success in slowing Russia's economy. Still, the US increasingly relies on India and has courted its leaders. President Joe Biden hosted a White House state visit honoring Indian prime minister Narendra Modi in June, designed to highlight and foster ties. The two leaders pronounced the US-India relationship never stronger and rolled out new business deals between the nations. Raymond Vickery Jr, a policy expert on US-India relations at the Center for Strategic and International Studies, said Ms Yellen's coming to India shortly after visiting China is meaningful in that Indian officials “are going to want to know in great detail what happened in the meetings with her Chinese counterparts and see where it fits with their perspective on economic relations with China.” “They’re going to want to know whether or not the United States is serious about moving some of its sourcing activity from China to India.” A senior Treasury official, speaking on condition of anonymity to preview Ms Yellen’s trip, said there was hope that debt treatments for Ghana and Sri Lanka will be discussed and completed quickly at the meetings. Sri Lanka and Ghana defaulted on their international debts last year, roughly two years after Zambia defaulted. And more than half of all low-income countries face debt distress, which hurts their long-term ability to function and develop. Last month, Zambia and its government creditors, including China, reached a deal to restructure $6.3bn in loans, on the sidelines of a global finance summit in Paris. The agreement covers loans from countries such as France, the U.K., South Africa, Israel and India as well as China – Zambia’s biggest creditor at $4.1bn of the total. The deal may provide a roadmap for how China will handle restructuring deals with other nations in debt distress. Ms Yellen’s trip comes shortly after she spent a week in China, meeting the nation’s finance ministry and discussing mutual trade restrictions and national security concerns. Harold W Furchtgott-Roth, a senior fellow at the Hudson Institute, said Ms Yellen's trip to India “is a reflection of a naturally developing alliance.” “India has a great deal of tension with China – they have constant border disputes,” he said. “And India wants to develop and has developed into sort of an Indian Ocean naval power, which is also a region that China wants to develop." Read More What Britain needs is a ‘grown-up’ relationship with China US Treasury Secretary Janet Yellen visits China as part of efforts to sooth strained relations Yellen says Washington might 'respond to unintended consequences' for China due to tech export curbs Janet Yellen expresses hopes her Beijing visit has put US-China ties on a ‘surer footing’ Janet Yellen highlights record US-China trade and talks ‘fair rules’ during Beijing visit Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide
2023-07-16 19:11
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1970-01-01 08:00
Meta plans to develop chatbot with ‘sassy robot’ persona for young users, report says
Facebook parent company Meta is reportedly planning to internally release an artificial intelligence chatbot called “Gen AI Personas” aimed at younger users. The chatbot, similar to OpenAI’s ChatGPT, is set to be launched during Meta’s Connect Event on Wednesday. The tech giant is testing the chatbot, which comes in multiple “personas” aimed to engage young users, including a “sassy robot” persona inspired by Bender from Futurama,according to The Wall Street Journal. Meta is reportedly developing “dozens” of these chatbots, including some to help with “coding and other tasks” and improve productivity as well as a tool to help celebrities make their own chatbots for their fans. The development of some of these chatbots – including one with the personality of former US president Abraham Lincoln – are part of Meta’s attempts to boost engagement on its social media platforms, reports previously suggested. The development of these new chatbots are signs of Meta’s growing interest in the market for large language models (LLM) similar to ChatGPT. It launched a new version of its open-source model in July called Llama 2 for commercial use, becoming the first major tech firm to release its AI chatbot. Meta chief Mark Zuckerberg said at the time of Llama 2’s release that it would “drive progress across the industry” while the firm’s chief AI scientist Yann LeCun said it will “change the landscape of the LLM market”. The tech firm’s development of “personas” also comes as tech industry leaders called for a balanced approach towards regulating AI at a historic gathering convened by US senate majority leader Chuck Schumer. At the meeting held earlier this month, Mr Zuckerberg said the two defining issues for AI are “safety and access.” He urged the US Congress should “engage with AI to support innovation and safeguards”. “New technology often brings new challenges, and it’s on companies to make sure we build and deploy products responsibly,” the Meta chief said. “This is an emerging technology, there are important equities to balance here, and the government is ultimately responsible for that,” he added. Read More Meta’s new end-to-end encryption ‘means thousands of criminals could go undetected’ Elon Musk warns of ‘civilisational risk’ posed by AI at historic gathering of tech giant chiefs WhatsApp update brings ‘channels’, allowing people to follow updates from celebrities and companies Facebook changes logo to ‘make F stand apart’ – but can you tell the difference? Elon Musk warns of ‘civilisational risk’ posed by AI at historic gathering Nasa just delivered a piece of a distant asteroid to Earth
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Shakeel's hundred helps Pakistan to first-innings lead in 1st cricket test against Sri Lanka
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2023-07-18 16:05
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Andre the Giant once did the 'world's biggest poo' on a plane leaving passengers gagging
We’ve heard a lot of s*** being talked about in the news recently – mostly about the long-haul flight which was forced to turn around after experiencing a "biohazard issue" from a passenger who "had diarrhoea all the way through." It sounds like a nightmare of epic proportions, and it’s reminded us of an incredibly disgusting - but nonetheless memorable - story about wrestling legend Andre the Giant which, despite ourselves, we couldn’t help but return to. It was previously revealed that Andre, who stood a staggering 7.35ft tall, once did the “world’s biggest poo” on a flight which left guests repulsed. The late wrestling star was taking a trip from Tokyo to the US on a Boeing 747 when the alleged incident happened. The Frenchman headed to his seat after rushing through the airport, meaning he urgently needed the toilet after the flight took off. Safe to say, the results were appalling for all on board. Fellow wrestler Brutus Beefcake spoke about the flight and told Wrestling Shoot Interviews: “I’ve never heard anything like it. The sounds that are coming out of there. “The smell that started coming forward, the back of the plane had a lot of people. There were people falling out of their seats and into the aisles. “Gagging, puking, crying, screaming, and we were all falling on the floor laughing ourselves sick. I couldn’t breathe. He must have half filled-up a garbage bag full of s***.” How could it be so bad? Well, according to Brutus, Andre used to “eat 20 pounds of food per city, and so would s*** 20 pounds”. Andre the Giant, real name André René Roussimoff, was one of the most celebrated wrestlers of all time. Known as the “eighth wonder of the world”, he died at the age of 46 in 1993. It comes after a Delta flight on 2 September between Atlanta and Barcelona headed back around an hour into the journey. In a post reshared to X/Twitter, LiveATC.com captured audio of the pilot explaining the situation. "This is a biohazard issue," the pilot said. "We’ve had a passenger who’s had diarrhoea all the way through the aeroplane, so they want us to come back to Atlanta." Sign up for our free Indy100 weekly newsletter Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings
2023-09-06 19:53
Israel Extends Record-Long Rate Hikes After Politics Hurt Shekel
Israel delivered an unprecedented 10th consecutive interest-rate hike, with a top central banker saying political uncertainty linked to
2023-05-23 00:41
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