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Trump to attend Davos World Economic Forum, may meet Modi

US president Donald Trump will attend the World Economic Forum in Davos later this month, opening up a distinct possibility of a meeting with India prime minister Narendra Modi.

This would be for the first time in 18 years that a US president would be addressing the World Economic Forum, which is an annual gathering of global economic leaders.


"The president welcomes opportunities to advance his America First agenda with world leaders," said White House Press Secretary Sarah Sanders.

"At this years World Economic Forum, the president looks forward to promoting his policies to strengthen American businesses, American industries, and American workers," she said.

This would be the first time since 1997 that an Indian prime minister will attend the Davos summit.

The World Economic Forum Annual Meeting 2018 will take place this month in Davos-Klosters, Switzerland, under the theme Creating a Shared Future in a Fractured World.

Modi will travel to Switzerland on January 22 on a two- day visit during which he will deliver the keynote address at the plenary session of the WEF.

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US inflation rises in March as Iran war impact reaches consumers
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US inflation rises in March as Iran war impact reaches consumers

  • US inflation rises to 3.3 per cent in March, driven by fuel costs.
  • Oil prices surge over 30 per cent amid Iran conflict, lifting transport and goods prices.
  • Rate cut hopes fade as inflation pressures persist and uncertainty grows.

The latest US inflation data is starting to reflect the ripple effects of the Iran war, with consumer prices rising 3.3 per cent in March, adding fresh pressure on households and complicating the outlook for interest rates. The spike, largely driven by surging oil prices, is now feeding into everyday costs, from fuel to flights.

Figures from the US Department of Labor show that prices rose sharply over the month, marking the biggest increase in nearly four years. The jump comes as global crude prices climbed more than 30 per cent during the conflict, pushing petrol costs above £3.20 per gallon ($4) for the first time in over three years.

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