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Bill Gates meets Japanese PM to discuss the country's commitment towards global health

New Delhi, Aug 19 (UNI) Bill Gates, chairman of the Gates Foundation, met Japanese Prime Minister Shigeru Ishiba at his office in Tokyo today.
Reportedly, Gates visit was intended for discussion on Japan's continued commitment to global health.
Gates posted on LinkedIn "Thank you, Prime Minister Shigeru Ishiba, for the opportunity to discuss your continued commitment to global health."
"Japan's support for global health institutions like Gavi, the Vaccine Alliance, and the Global Fund has given children access to lifesaving vaccines and treatments. Now more than ever, we need Japan's leadership and expertise to build a safer, healthier world." the post added.
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Bill Gates meets Japanese PM to discuss the country's commitment towards global health
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Partner turns threat: New Zealand intelligence flags China as 'most active' security risk
Partner turns threat: New Zealand intelligence flags China as 'most active' security risk

First Post

timea minute ago

  • First Post

Partner turns threat: New Zealand intelligence flags China as 'most active' security risk

New Zealand is facing the toughest national security challenges of recent times with increasing threats of foreign interference and espionage, particularly from China, according to an intelligence report released on Thursday. New Zealand's intelligence agency has issued a sharp warning about Beijing's growing influence, identifying China as the 'most active' foreign power attempting to interfere in the country's politics, society, and businesses. In its annual threat assessment released Thursday, the New Zealand Security Intelligence Service (NZSIS) said foreign states continue to target critical organisations, infrastructure, and technology to extract sensitive information, with China flagged as a particularly 'assertive and powerful' actor. The report noted that Beijing has shown both the 'willingness and capability' to carry out intelligence activity undermining New Zealand's national interests. While not all activity amounted to foreign interference, the agency stressed that China is deliberately seeking to expand its influence across New Zealand and the wider Indo-Pacific region. STORY CONTINUES BELOW THIS AD 'Some states, including China, Russia and Iran, are willing to engage in covert or deceptive activity in order to influence discussions and decisions, or gain access to technology and information that can help them meet these goals … New Zealand has been targeted by some of these activities,' the report said. The report pointed out that the Indo-Pacific has become the main ground for strategic rivalry between global powers. In this competition, China is described as a 'particularly assertive and powerful actor,' seeking to entrench its influence across the region, as per The Straits Times. 'It has demonstrated both a willingness and capability to undertake intelligence activity that targets New Zealand's national interests,' the NZSIS said. Reacting sharply, the Chinese Embassy in Wellington dismissed the findings as 'unsubstantiated and groundless' and accused New Zealand of harbouring a 'Cold War mentality.' Beijing maintained it still regarded New Zealand as a friend and partner, but warned it would 'take firm measures' to defend its interests if faced with 'groundless attacks.' At a regular news briefing, Mao Ning, a Chinese foreign ministry spokesperson, accused New Zealand's intelligence and security agencies of 'repeatedly spreading rumours' in recent years. 'China strongly opposes this,' she said, urging New Zealand to focus on actions in favour of the healthy and stable development of bilateral relations. The country, part of the Five Eyes intelligence and security alliance, has increasingly amped up its rhetoric over the growing influence of China in the region and a rise in geopolitical tensions, and on Thursday said it would spend NZ$2.7 billion ($1.6 billion) to beef up its defence force. STORY CONTINUES BELOW THIS AD Director-General of Security Andrew Hampton said the threats need to be taken much more seriously than they are currently. 'Our threat environment is deteriorating and that has a direct impact on our safety and security,' he said in a statement released alongside the report. The report also pointed to the growing threat of violent extremism and said the most plausible attack scenario remains a lone actor who has been radicalised online. 'Grievances and polarising issues in the online information space are almost certainly driving support for a range of violent extremist ideologies within New Zealand,' the report noted. With inputs from agencies

Should rate-setting panel track headline or core inflation? RBI stirs debate
Should rate-setting panel track headline or core inflation? RBI stirs debate

Mint

timea minute ago

  • Mint

Should rate-setting panel track headline or core inflation? RBI stirs debate

The central bank has initiated a process to gather opinions on whether monetary policy should track headline inflation or core inflation, which strips out the impact of fuel and energy price increases. The Reserve Bank of India (RBI) on Thursday released a discussion paper on its inflation-targeting framework seven months before the existing one comes up for renewal. The framework is reviewed every five years, with the last one happening in 2021, when the government, in consultation with RBI, set it at 4% with a tolerance band of +/-2%. The discussion paper asks four questions. First, whether headline inflation or core inflation would best guide the conduct of monetary policy, given evolving relative dynamics of food and core inflation and the continuing high weight of food in the consumer price basket. Second, whether the 4% inflation target continues to remain optimal for balancing growth with stability in a fast-growing, large emerging economy like India. Third, should the tolerance band around the target be revised in any way, including whether it should be narrowed, widened, or eliminated? Lastly, should the target inflation level be removed, and only a range be maintained within the overall ambit of maintaining flexibility without undermining monetary policy's credibility? The debate over whether core inflation should be the benchmark instead of the headline numbers has been ongoing for some time. It centres around monetary policy's handicap on food prices as they are caused by supply-side problems like food supply issues and not by demand, which can be controlled by interest rate changes. Food currently occupies a 46% weight in the headline consumer price index or CPI basket. In July 2024, the Economic Survey for 2023-24 suggested excluding food prices from India's inflation-targeting framework 'The debate on what should be the monetary policy target benchmark–headline inflation or core inflation (which excludes the volatile components of inflation, such as food and fuel from headline)–is premised on the issue of inclusivity vs stability," the discussion paper said. It said that headline inflation is favoured worldwide as a more representative measure of the overall price conditions. In fact, except for Uganda, all nations that target inflation look at headline inflation. The paper said the argument for targeting headline inflation emphasises that downplaying the role of food inflation in price stability can erode monetary policy credibility and de-anchor inflation expectations. According to the paper, there is also the argument that the current CPI base (2011-12) is outdated, and the share of food would decline considerably once it is revised to a more recent year. 'However, the continued dominance of food in Indian households' consumption basket is corroborated by the latest Survey of Household Consumption Expenditure 2023-24. It indicates that 90% of the lowest fractile rural households and 50 per cent of the lowest fractile urban households spend more than 50% of their monthly consumption on food and energy," it said. RBI said the quarterly path since inception of flexible inflation targeting showed that average inflation was at 3.9% during the first four years of the framework and very close to the target. It exceeded the target during 2020-2024 (and even went above the upper threshold level of 6%), driven by supply disruptions on account of the pandemic, geopolitical conflicts and adverse weather events, it said. The paper said that while there are arguments on both sides as to whether to raise or lower the target of 4%, justifications for pursuing the target and the framework stem from India's relative success in lowering inflation and responding to exogenous shocks. The discussion paper said that, like other countries, India may consider narrowing its current tolerance band to about 1-1.5%. Moreover, the recent consumer expenditure survey suggests that the share of food and beverages in the upcoming new CPI series could be lower, further lowering the volatility of headline inflation.

Oyo CEO Ritesh Agarwal opens up on GenZ vs Millennial debate online: ‘Both are right about the world they inherited…'
Oyo CEO Ritesh Agarwal opens up on GenZ vs Millennial debate online: ‘Both are right about the world they inherited…'

Mint

timea minute ago

  • Mint

Oyo CEO Ritesh Agarwal opens up on GenZ vs Millennial debate online: ‘Both are right about the world they inherited…'

Ritesh Agarwal, founder and CEO of hospitality chain OYO Rooms has shared his thoughts on the 'GenZ in the workplace' debate. In a post on social media platform X (formerly known as Twitter), Agarwal pointed out that there is a difference in how GenZ and Millennial engage in the workplace, but added that it is not necessarily a 'clash', but a 'relay' or 'handing of the baton'. In a humourous post on X, with the video titled 'Asked my Genz intern to edit a video and this is what she sent me', Ritesh Agarwal noted, 'Gen Z treats the internet like a buffet—taste everything, move fast, no FOMO. Millennials are more fine-dining; they read the menu, ask the chef, and savour the story.' He however was of the opinion that neither one is wrong in their approach, stating, 'Honestly, both are right about the world they inherited. Gen Z's pace isn't shallow; it's survival in an attention economy that never blinks. Millennials' depth isn't slow; it's a protest for meaning.' 'One generation translates chaos into culture; the other translates culture into clarity. I don't see a clash; I see a relay. Speed hands the baton to substance. The timeline may be noisy, but the thesis is clear: energy finds form,' he added. Agarwal's views come at a time when social media is flush with either appreciation for or dread over GenZ work culture. Earlier today, a likely Gen Z's reply to her manager, who asked her to reach the office despite heavy traffic, has become the talk of the town, with one netizen hilariously pointing out that it left the 'manager in deep pain'. While age was not confirmed, the user who posted the screenshot of the entire chat, captioned it as 'GenZ workforce.' According to the screenshot of a chat posted on X, the employee had informed that she will not be able to reach office because of traffic. Her manager, however replied that the employee needed to be in office, even if it gets late and received a two-worded response: 'Not possible.' The screenshot of the chat garnered over one lakh views, leaving netizens in splits. And earlier this year, a millennial boss, highlighted the challenges associated with managing a team—stuck between the expectations of senior management and the evolving demands of younger employees. In a viral social media post on LinkedIn, Mayank Sharma, founder of a Gurgaon-based HR firm, outlined the contrasts between an old-school leadership that insists on long hours, daily office attendance, and a formal dress code vs the younger workforce, which prioritises flexibility, work-life balance, and a casual dress code. He added: 'Funny thing is, in the process of keeping a good balance, you often end up disappointing both parties.'

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