Terror And Trade On EU-India Agenda

India’s Prime Minister Narendra Modi leads a delegation to the 13th EU-India summit, beginning Wednesday in Brussels. With the recent attacks in the city and in Paris, counterterrorism is expected to be high on the agenda, but European officials are also hoping the summit will give a [shot in the arm to free trade agreement talks], started in 2007 and suspended in 2013. Modi will likely seek to advance his initiatives to [spur Indian manufacturing] and foster urban renewal in Indian cities. Sponsored by: EVERYTHING YOU NEED TO KNOW, RIGHT NOW. #IBTPulse --------------------------------------------------------------- [Modi In Brussels For EU Summit] India’s Prime Minister Narendra Modi leads a delegation to the 13th EU-India summit, beginning Wednesday in Brussels. With the recent attacks in the city and in Paris, counterterrorism is expected to be high on the agenda, but European officials are also hoping the summit will give a [shot in the arm to free trade agreement talks], started in 2007 and suspended in 2013. Modi will likely seek to advance his initiatives to [spur Indian manufacturing] and foster urban renewal in Indian cities. [Argentina Eyes Return To Debt Markets] The country’s senate is scheduled to debate a bill Wednesday that would repeal laws that prevent its holdout creditors from being paid. The bill, [already passed by the lower house] of parliament, would pave the way for a major bond issue to pay for settlements that the country reached with its creditors. If the measures succeed, they could allow Argentina to enter a new economic era, following years of conflict with creditors that has tarnished its image. [How Prison Phone Calls Became A Tax On The Poor] This IBT special report examines how, one extortionately priced phone call at a time, law enforcement agencies are making billions off the families of prisoners to pay for everything from new jails to police cruisers, while private companies reap in huge profits from the vulnerable. One state official recently described the industry as “worse than any payday loan scheme.” [Foxconn To Buy Controlling Stake In Sharp] The Taiwanese electronics manufacturer is to buy a 66 percent stake in Japan’s Sharp for 389 billion yen ($3.4 billion), according to statements released by the two companies Wednesday. Foxconn, known for its work assembling Apple technology, will finally have its own brand of products, which is already well-recognized the world over. Shares of Sharp jumped 3.85 percent on the Tokyo Stock Exchange toward close, before the expected deal was announced. HERE'S WHAT YOU MISSED LAST NIGHT. [Development Bank Trims Asia Growth Forecast] Growth across Asia’s developing economies is expected to stall over the next two years, as they continue to reel under the effects of a slowdown in China, the Asian Development Bank said in a report released Wednesday. For 2016 and 2017, the ADB forecast a growth of 5.7 percent in the region, down from 5.9 percent last year. [Tata Steel’s UK Business Up For Sale] India’s Tata Steel, Britain’s largest steelmaker, put its entire U.K. business up for sale to stem heavy losses — a move that would draw a line under its almost decade-long foray into the U.K.'s declining steel industry. The move is causing distress in the U.K., and is pushing the Conservative government to [consider direct state involvement] to keep the business going, but that could fall afoul of EU rules on state aid. [Trump Defends Arrested Campaign Manager] The GOP front-runner gave a lengthy defense of Corey Lewandowski, his campaign manager who was [arrested on charges of battery] Tuesday, at a town hall event with the other Republican candidates. Trump also walked back on a [pledge to support any eventual Republican nominee] if it wasn’t him. Ohio Gov. John Kasich told the audience that he was not involved in any sort of effort to link up with Texas Sen. Ted Cruz to deny Trump the delegates needed to nab the party’s nomination. [Boeing May Cut 8,000 Jobs In Washington State] The aircraft manufacturer said Tuesday that it is likely to cut up to 10 percent of its workforce in the state, including “hundreds of executives and managers,” as the company pursues major cost savings. Although the company posted record revenue of $96.1 billion in 2015 and delivered 762 commercial planes — the most in its history — Boeing’s adjusted profit fell 13 percent to $7.74 billion from a year earlier. AND THEN THERE'S THIS... [Ringing In The Changes] Some big companies are planning innovative changes in the telecommunications services they offer consumers. Google’s parent company, Alphabet, announced Tuesday that it is introducing a home phone service through its Google Fiber network. Meanwhile, cell company T-Mobile is expected to announce Wednesday that it will [offer customers data-only plans], the first move in a [possible new trend] in the cellphone business of dumping traditional phone connections. [War In El Salvador’s Prisons] The country, which has [one of the world’s highest murder rates], cranked up its war on prison gangs this week, declaring a state of emergency at seven prisons and transferring nearly 300 high-ranking gang members to an isolated facility outside the capital. Lawmakers will debate transferring soldiers to many of the nation’s prisons, which are effectively under the control of violent drug gangs. 7 Hanover Square, 5th Floor, New York, NY 10004 © 2015 IBT Media Inc. All Rights Reserved. Please add pulse@ibt-mail.com to your contacts [Unsubscribe] | [Privacy Policy]