India can clock growth beyond 8 pc: World Bank's Ajay Banga

IANS | September 2, 2026 9:14 AM

Asheville, Sep 2 (IANS) India has the potential to grow beyond its current 7-8 per cent trajectory, World Bank President Ajay Banga has said, describing the country’s latest economic performance as robust despite global energy pressures, trade uncertainty and the impact of El Niño.

Trump-Xi talks to address AI guardrails

IANS | September 2, 2026 8:42 AM

Asheville, Sep 2 (IANS) Artificial intelligence is expected to feature prominently when US President Donald Trump and Chinese President Xi Jinping meet in Washington this month, Treasury Secretary Scott Bessent has said, calling for guardrails and closer communication between the "world’s two leading AI powers".

India, World Bank eye deeper capital ties

IANS | September 2, 2026 7:08 AM

Asheville, Sep 2 (IANS) India and the World Bank Group have discussed expanding their partnership beyond traditional lending, with a sharper focus on infrastructure finance, digital public infrastructure, tourism and the mobilisation of private capital.

US held ‘quiet’ Iran talks with China, Russia, says Scott Bessent

IANS | September 2, 2026 6:41 AM

Asheville, Sep 2 (IANS) The United States held quiet discussions with China and Russia about Iran during the G20 finance ministers' meeting, Treasury Secretary Scott Bessent has said, while cautioning that Beijing made no specific commitment to help reopen the Strait of Hormuz.

China blocks G20 consensus over proposals targeting trade imbalances

IANS | September 2, 2026 6:33 AM

Asheville, Sep 2 (IANS) China blocked consensus at a meeting of G20 finance ministers and central bank governors after objecting to proposals targeting persistent trade imbalances and non-market economic practices, US Treasury Secretary Scott Bessent said.