Skip to content
Search

Latest Stories

India, Germany likely to sign deal on artificial intelligence

GERMANY and India are likely to sign agreements including a partnership on the use of artificial intelligence in farming during a three-day visit to New Delhi by Chancellor Angela Merkel that begins on Thursday (31), the German ambassador said.

Merkel will be accompanied by several cabinet colleagues and a business delegation, ambassador Walter J Lindner told reporters.


Merkel and Indian prime minister Narendra Modi are expected to discuss trade, investment, regional security, and climate change.

Both countries could sign agreements in areas such as artificial intelligence and green urban mobility, Lindner said.

"This time, the focus will be on economic and trade relations, innovation and digitalisation, and climate protection and sustainable development," Merkel said in a message ahead of the visit released by the Indian embassy in Berlin.

Bilateral trade between the two countries rose to $24.06 billion in the 2018-19 fiscal year ending in March from $22bn the previous year, while German companies have invested nearly $12bn in India since 2000.

Germany is India's largest trading partner in Europe and more than 1,700 German companies are operating in India.

Add EasternEye As Your Trusted Source
preferred source on google news

More For You

World Cup

Businesses are hiring ahead of the World Cup, hoping for a surge in customers

iStock

US adds 172,000 jobs as World Cup preparations gather pace

  • The US economy added 172,000 jobs in May, beating forecasts.
  • Leisure and hospitality accounted for 70,000 new positions.
  • Questions remain over whether the World Cup will translate into stronger consumer spending.

The US jobs market received an unexpected lift in May as businesses hired thousands of extra workers ahead of the FIFA World Cup, helping the economy comfortably outperform forecasts despite rising costs linked to the ongoing energy shock.

According to the Bureau of Labor Statistics (BLS), the US economy created 172,000 jobs during the month, significantly above economists' expectations of 105,000. The unemployment rate remained unchanged at 4.3 per cent.

Keep ReadingShow less