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Protectionism is gaining ground and globalisation is losing its appeal Marc-Andre Fleury Jersey , but India is open for business, Indian Prime Minister Narendra Modi told the World Economic Forum on Tuesday.
Modi is leading a big government and business delegation to the summit in Davos, the first Indian prime minister do so in 21 years, aiming to showcase India as a fast-growing economic power and a potential driver of global growth.
His comments on rising trade barriers came ahead of an address to the forum later this week by US President Donald Trump, who has championed inward-looking policies for the world's biggest economy.
""Instead of globalisation, the power of protectionism is putting its head up. Their wish is not only to save themselves from globalisation but to change the natural flow of globalisation James Neal Jersey ,"" Modi said at the opening of the forum, which has attracted 70 heads of state and government, chief executives and top bankers.
""The result of this is that we are seeing new types of tariff and non-tariff-based barriers being imposed. Bilateral and multilateral trade negotiations appear to have come to a halt.
India's Prime Minister Narendra Modi gestures as he speaks at the Opening Plenary during the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 23, 2018. REUTERS
""There is a slowdown in cross-border financial investments and the expansion of (the) global supply chain appears to have slowed down.""
Trump has been pushing an ""America First"" policy of getting businesses to invest in the United States instead of overseas Customized Vegas Golden Knights Jersey , potentially affecting the growth prospects of emerging economies such as India dependent on foreign investment.
During his 2016 election campaign, Trump blamed globalisation for ravaging US manufacturing jobs as companies sought to reduce labour costs by relocating to Mexico and elsewhere. Trump is due to address the forum on Friday.
Modi said climate change was a major threat to the world, yet the world had failed to come together to tackle it. He said everyone wanted carbon emissions to be cut, but the rich world was not ready to help developing economies with new technology.
India, one of the world's fastest growing major economies and a growing contributor to pollution, has said it is keen to honour its commitment to clean up the environment despite Trump pulling out of the Paris accord on cutting carbon emissions.
Agencies
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London-based dance music duo Sigma entered the top spot on British single charts on Sunday with "Nobody To Love Adidas Golden Knights Jersey ," outselling "Last Night" by The Vamps to claim their first No.1 single, the Official Charts Company said.
Sigma, made up of Joe Lenzie and Cameron Edwards, sold 121,000 copies of their upbeat reworking of "Bound 2" by US star Kanye West. "Nobody To Love" became the third-biggest-selling single of the year.
Last week's No.1, "The Man" by Aloe Blacc Alex Tuch Golden Knights Jersey , was pushed into third, with John Legend's "All Of Me" and Iggy Azalea's "Fancy" completing the week's top five songs.
The Kaiser Chiefs held onto the top of the album charts with Education, Education, Education & War, holding off a surge from Paloma Faith, whose A Perfect Contradiction rose to second spot from 10th last week.
(Agencies)
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by Jon Day
TOKYO Nate Schmidt Golden Knights Jersey , Jan. 1 (Xinhua) -- If things had gone to plan the construction of the new main stadium, the centerpiece of the Tokyo 2020 Olympics, would already be underway as Japan says goodbye to 2015 and ushers in a new year.
But from scrapped designs, budget farces, allegations of collusion, breaches of intellectual property Jonathan Marchessault Golden Knights Jersey , plagiarism and leaks of confidential data, it would seem that the Tokyo 2020 Olympics is destined to be permanently jinxed.
While the Japanese government will be clambering in 2016 to get the plans somewhat back on track, it's already too late for an original, logical and well-conceived plan that would have seen a new national stadium constructed to serve both the Olympics and the Rugby World Cup also to be hosted here a year earlier in 2019, with an economically sound blueprint for the stadium to generate revenue into the future as a major sporting venue for Japan's professional J-League soccer setup.
A step initially seen as moving in the right direction, possibly the first one since Tokyo was awarded the 2020 Olympic and Paralympic Games back in 2013 Brad Hunt Golden Knights Jersey , the government here last week approved a design by architect Kengo Kuma for the main stadium for the 2020 Tokyo Olympic and Paralympic Games with the planned project also linking in construction behemoth Taisei Corp.
A stadium design previously approved by the government by London-based architect Zaha Hadid and central to Tokyo's winning bid to host the game for its sunken design, cost-cutting considerations and use of wood both for aesthetics and as an environmentally-conscious element, was unceremoniously dumped by the government prior to this, who cited ballooning construction costs, as original estimates of 130 billion yen (1.07 billion U.S. dollars) somehow doubled in the two years after Tokyo was selected as the host city.
The ""new"" design by Kuma, however William Karlsson Golden Knights Jersey , for the main stadium, at an estimated cost of 149 billion yen (1.23 billion U.S. dollars), which the government seems content with, has at least publicly, failed to factor in the increasing costs of antiterrorism measures now necessary in the wake of the deadly Paris and other attacks by militant groups in public places.
Economists estimate that the total cost of hosting the Games will skyrocket to around 15 billion U.S. dollars, some six times as much as the Tokyo 2020 Organizing Committee's initial estimate.
The latest price tag will put the cost of hosting the Games here above that of the 2012 London Olympic Games David Perron Golden Knights Jersey , as well as the Rio Olympics in terms of operating budget and analysts have said due to the uncertai. |
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