Trump threatens to pull US from WTO 'if we have to'

Summary Sentiment Deep Analyze

UNITED STATES: President Donald Trump threatened Tuesday to pull the United States out of the World Trade Organization if conditions are not improved.

"We will leave if we have to," Trump told a cheering audience of workers at a Shell chemical plant in Pennsylvania.

"We know that they have been screwing us for years and it´s not going to happen again," he said.

Trump has made the WTO the target of many previous attacks, and threatened before to withdraw, claiming unfair treatment toward the US and saying Washington does not have to abide by WTO rulings.

He is especially critical about the terms granted to China when it joined the organization, given US complaints about Chinese theft of American technology.

But the United States in fact has a successful track record of winning disputes mediated by the global trading body.

While calling for reforms to the institution´s rules, the Trump administration also has effectively paralyzed its work.

By blocking naming of new members to the appellate panel part of the Dispute Settlement Body that arbitrates disputes, the system will grind to a halt by the end of the year.

Chad Bown, a trade expert with the Peterson Institute for International Economics, said the moves weakening the WTO have done "lasting damage," not all of which can be reversed.

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Original Text

NEW DELHI: President Ram Nath Kovind’s flight from Zurich to Slovenia was delayed on Sunday after the Air India Boeing 747 that was to fly as AI One developed a snag. According to sources, the president drove to Zurich airport where a last-minute glitch on the 26-year-old jumbo jet (VT-ESO) was suspected. The VVIP returned to his hotel and AI aircraft engineers immediately started working on the aircraft "Khajuraho".During this time, an AI Boeing 777 that was to operate on London-Mumbai sector with a schedule departure time of 1.15 pm (local time London) as flight 130 was kept on standby at Heathrow as alternate AI One to be flown to Zurich for the President’s journeys if needed.Luckily AI engineers rectified the jumbo jet which then flew President Kovind to Slovenia with a delay of a few hours. And AI 130 flew to Mumbai at 2.30 pm (local time London) from Heathrow without requiring to fly as alternate AI One to Zurich, say sources.Keeping an Air India aircraft at a foreign base nearest from where AI One has to operate as standby is a regular practice. This overseas trip of President Kovind first made news when Pakistan on September 7 denied permission for it to fly over its airspace from India to Europe and back.The B747 took a longer route to Europe when it left last Monday (Sept 9) and will take the longer route back home too. Now India is not going to seek clearance for VVIP flights to use Pakistan airspace till relations between he two countries improve.AI has been using over 25-year-old B747s as Air India One for long haul VVIP flights. They are used for commercial flights when not needed for VVIP flights and are retrofitted for them when required. Converting a passenger B747 into a VVIP aircraft takes about 12 days.By the end of this year or early next year, India will get dedicated state-of-the-art long haul aircraft when first of the two Boeing 777s currently being retrofitted in the US with the most most advanced security gizmos, including missile warning and counter-measure dispensing systems, for the president, VP and PM will join the VVIP fleet. While the first is expected in December, the second one may arrive a month later, say sources.Given their ultra hi-tech security and communications systems — at par with Air Force One — they cannot be used for regular flights. The over 26-year-old Boeing 747s are perfectly safe to fly but due to their advanced age, they are fuel guzzlers. The four-engine jumbo jets cannot fly longhaul routes like India-US nonstop and do so with a stop in Europe, something the twin-engine B777 has been doing for AI for years

NEW DELHI: President Ram Nath Kovind’s flight from Zurich to Slovenia was delayed on Sunday after the Air India Boeing 747 that was to fly as AI One developed a snag. According to sources, the president drove to Zurich airport where a last-minute glitch on the 26-year-old jumbo jet (VT-ESO) was suspected. Now India is not going to seek clearance for VVIP flights to use Pakistan airspace till relations between he two countries improve.AI has been using over 25-year-old B747s as Air India One for long haul VVIP flights. They are used for commercial flights when not needed for VVIP flights and are retrofitted for them when required. The over 26-year-old Boeing 747s are perfectly safe to fly but due to their advanced age, they are fuel guzzlers.

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Original Text

NEW DELHI: President Ram Nath Kovind’s flight from Zurich to Slovenia was delayed on Sunday after the Air India Boeing 747 that was to fly as AI One developed a snag. According to sources, the president drove to Zurich airport where a last-minute glitch on the 26-year-old jumbo jet (VT-ESO) was suspected. The VVIP returned to his hotel and AI aircraft engineers immediately started working on the aircraft "Khajuraho".During this time, an AI Boeing 777 that was to operate on London-Mumbai sector with a schedule departure time of 1.15 pm (local time London) as flight 130 was kept on standby at Heathrow as alternate AI One to be flown to Zurich for the President’s journeys if needed.Luckily AI engineers rectified the jumbo jet which then flew President Kovind to Slovenia with a delay of a few hours. And AI 130 flew to Mumbai at 2.30 pm (local time London) from Heathrow without requiring to fly as alternate AI One to Zurich, say sources.Keeping an Air India aircraft at a foreign base nearest from where AI One has to operate as standby is a regular practice. This overseas trip of President Kovind first made news when Pakistan on September 7 denied permission for it to fly over its airspace from India to Europe and back.The B747 took a longer route to Europe when it left last Monday (Sept 9) and will take the longer route back home too. Now India is not going to seek clearance for VVIP flights to use Pakistan airspace till relations between he two countries improve.AI has been using over 25-year-old B747s as Air India One for long haul VVIP flights. They are used for commercial flights when not needed for VVIP flights and are retrofitted for them when required. Converting a passenger B747 into a VVIP aircraft takes about 12 days.By the end of this year or early next year, India will get dedicated state-of-the-art long haul aircraft when first of the two Boeing 777s currently being retrofitted in the US with the most most advanced security gizmos, including missile warning and counter-measure dispensing systems, for the president, VP and PM will join the VVIP fleet. While the first is expected in December, the second one may arrive a month later, say sources.Given their ultra hi-tech security and communications systems — at par with Air Force One — they cannot be used for regular flights. The over 26-year-old Boeing 747s are perfectly safe to fly but due to their advanced age, they are fuel guzzlers. The four-engine jumbo jets cannot fly longhaul routes like India-US nonstop and do so with a stop in Europe, something the twin-engine B777 has been doing for AI for years

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NEW DELHI: President Ram Nath Kovind’s flight from Zurich to Slovenia was delayed on Sunday after the Air India Boeing 747 that was to fly as AI One developed a snag.According to sources, the president drove to Zurich airport where a last-minute glitch on the 26-year-old jumbo jet (VT-ESO) was suspected.The VVIP returned to his hotel and AI aircraft engineers immediately started working on the aircraft "Khajuraho".During this time, an AI Boeing 777 that was to operate on London-Mumbai sector with a schedule departure time of 1.15 pm (local time London) as flight 130 was kept on standby at Heathrow as alternate AI One to be flown to Zurich for the President’s journeys if needed.Luckily AI engineers rectified the jumbo jet which then flew President Kovind to Slovenia with a delay of a few hours.And AI 130 flew to Mumbai at 2.30 pm (local time London) from Heathrow without requiring to fly as alternate AI One to Zurich, say sources.Keeping an Air India aircraft at a foreign base nearest from where AI One has to operate as standby is a regular practice.This overseas trip of President Kovind first made news when Pakistan on September 7 denied permission for it to fly over its airspace from India to Europe and back.The B747 took a longer route to Europe when it left last Monday (Sept 9) and will take the longer route back home too.Now India is not going to seek clearance for VVIP flights to use Pakistan airspace till relations between he two countries improve.AI has been using over 25-year-old B747s as Air India One for long haul VVIP flights.They are used for commercial flights when not needed for VVIP flights and are retrofitted for them when required.Converting a passenger B747 into a VVIP aircraft takes about 12 days.By the end of this year or early next year, India will get dedicated state-of-the-art long haul aircraft when first of the two Boeing 777s currently being retrofitted in the US with the most most advanced security gizmos, including missile warning and counter-measure dispensing systems, for the president, VP and PM will join the VVIP fleet.While the first is expected in December, the second one may arrive a month later, say sources.Given their ultra hi-tech security and communications systems — at par with Air Force One — they cannot be used for regular flights.The over 26-year-old Boeing 747s are perfectly safe to fly but due to their advanced age, they are fuel guzzlers.The four-engine jumbo jets cannot fly longhaul routes like India-US nonstop and do so with a stop in Europe, something the twin-engine B777 has been doing for AI for years

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Original Text

NEW DELHI: President Ram Nath Kovind’s flight from Zurich to Slovenia was delayed on Sunday after the Air India Boeing 747 that was to fly as AI One developed a snag. According to sources, the president drove to Zurich airport where a last-minute glitch on the 26-year-old jumbo jet (VT-ESO) was suspected. The VVIP returned to his hotel and AI aircraft engineers immediately started working on the aircraft "Khajuraho".During this time, an AI Boeing 777 that was to operate on London-Mumbai sector with a schedule departure time of 1.15 pm (local time London) as flight 130 was kept on standby at Heathrow as alternate AI One to be flown to Zurich for the President’s journeys if needed.Luckily AI engineers rectified the jumbo jet which then flew President Kovind to Slovenia with a delay of a few hours. And AI 130 flew to Mumbai at 2.30 pm (local time London) from Heathrow without requiring to fly as alternate AI One to Zurich, say sources.Keeping an Air India aircraft at a foreign base nearest from where AI One has to operate as standby is a regular practice. This overseas trip of President Kovind first made news when Pakistan on September 7 denied permission for it to fly over its airspace from India to Europe and back.The B747 took a longer route to Europe when it left last Monday (Sept 9) and will take the longer route back home too. Now India is not going to seek clearance for VVIP flights to use Pakistan airspace till relations between he two countries improve.AI has been using over 25-year-old B747s as Air India One for long haul VVIP flights. They are used for commercial flights when not needed for VVIP flights and are retrofitted for them when required. Converting a passenger B747 into a VVIP aircraft takes about 12 days.By the end of this year or early next year, India will get dedicated state-of-the-art long haul aircraft when first of the two Boeing 777s currently being retrofitted in the US with the most most advanced security gizmos, including missile warning and counter-measure dispensing systems, for the president, VP and PM will join the VVIP fleet. While the first is expected in December, the second one may arrive a month later, say sources.Given their ultra hi-tech security and communications systems — at par with Air Force One — they cannot be used for regular flights. The over 26-year-old Boeing 747s are perfectly safe to fly but due to their advanced age, they are fuel guzzlers. The four-engine jumbo jets cannot fly longhaul routes like India-US nonstop and do so with a stop in Europe, something the twin-engine B777 has been doing for AI for years

Output

NEW DELHI: An inter-ministerial panel on fintech has suggested legislative changes be made to enable fixed deposits (FDs) and other financial instruments to be issued in dematerialised form as it is customer-friendly and secure.The Steering Committee headed by the economic affairs secretary also suggested that the department of financial services (DFS) and Reserve Bank of India may examine the suitability of virtual banking system in the Indian context.The panel, which submitted its report to finance minister Nirmala Sitharaman on Monday, said dematerialisation of financial instruments is customer-friendly given the wide reach of mobile technologies and also leads to disaster resilience and speedy recovery. the report said.Necessary suitable amendments to enable dematerialisation of financial instruments such as FDs and other deposits of the Post Offices, other forms of small savings certificates issued, Gold Deposit Certificates issued under GMS, Sovereign Gold Bonds, etc.may be undertaken, it said.Pending changes in laws and regulations that may be required to enable depositories to store all financial assets, the information pertaining to the assets may be stored in repositories so that consumers can access this information through a single window, it said.With regard to virtual banking, it said the Hong Kong Monetary Authority (HKMA) has recently issued guidelines for setting up virtual banks and is examining applications for virtual banking licences.The Committee recommends a thorough review of the PPI system with a view of considerably liberalising its use with adequate non-monetary limits safeguards to enable expansion of fintech, it said.It noted that there is an urgent need to reduce the costs of KYC to promote financial inclusion among the weaker sections.

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