PM Modi raises India’s concerns on LAC standoff with Xi Jinping
During that brief meeting, PM Modi highlighted concerns India has about border issues along the Line of Actual Control, foreign secretary said. The Line of Actual Control has been disputed by India and China since the 1950s. Both countries went to war over it in 1962. Key Points
Economic TimesModi-Xi meeting in Johannesburg? No official word yet
PM Modi's bilateral meetings during the BRICS summit in Johannesburg are being finalised, but Foreign Secretary Vinay Kwatra did not confirm whether Modi would meet with Chinese President Xi Jinping. If they meet, it will be the first since their border standoff began in May 2020. India and China are still resolving pending issues at the standoff areas of Eastern Ladakh's Depsang and Demchok, with talks among local commanders regarding confidence-building measures. Key Points
Economic TimesNo near-term solution for US debt ceiling adds economic headwind, PIMCO says
A U.S. default is highly unlikely, but negotiations around the debt ceiling are expected to be protracted, Daniel Ivascyn, chief investment officer at U.S. bond giant Pacific Investment Management Co (PIMCO), said on Wednesday. Key Points
Reuters