Morning Wrap: Xi Jinping To Visit India, Trump To Not Cooperate In Impeachment Probe & Other Top Stories

Chinese President Xi Jinping, PM Modi To Hold Informal Summit In Chennai On October 11-12

Chinese President Xi Jinping’s will visit India for an informal summit with Prime Minister Narendra Modi in Chennai from October 11-12, the External Affairs Ministry said. The summit will be held in the coastal town of Mamallapuram.  It said the forthcoming Chennai Informal Summit will provide an opportunity for the two leaders to continue their discussions on overarching issues of bilateral, regional and global importance. Read more...

Global Economic Slowdown Effect ‘More Pronounced’ In India: IMF Chief

International Monetary Fund (IMF) chief, Kristalina Georgieva has said, the global economy is witnessing “synchronized slowdown” and its effect is “more pronounced” like India. Georgieva said slower growth is expected this year in nearly 90% of world economies. "Two years ago, the global economy was in a synchronized upswing. Measured by GDP, nearly 75 per cent of the world was accelerating. The global economy is now in a synchronized slowdown. In 2019, we expect slower growth in nearly 90 per cent of the world," said Georgieva in her first speech as managing director of the International Monetary Fund. Read more...

Maruti, Tata, Mahindra Slash Production As Festive Offers Fail To Bring Cheer To Auto Sector

As the Indian auto sector faces the worst slump in decades, several automakers including Maruti Suzuki India, Hyundai, Mahindra & Mahindra, Tata Motors, Toyota and Honda have decided to slash production at some of their plants. It is to be noted that the move comes despite offering discounts on their product line-up this festive season. The automakers have reported double digit decline in domestic passenger vehicle sales in September. Read more...

Donald Trump Vs US Congress: Battle Set As White House Refuses To Comply With Impeachment Inquiry

The White House has refused any cooperation by President Donald Trump in the Democrats' impeachment investigation, saying the efforts being made by the opposition is unconstitutional and an attempt to overturn the democratic process. The White House sent a letter to the Democratic leaders in the House of Representatives informing them of the decision of the Trump Administration. Read more...

Mumbai: Deaf And Mute Woman Raped In Thane, Police Arrest Two Accused

Two people have been arrested for allegedly raping a hearing and speking impaired woman in Mumbai, police said on Tuesday. According to a police official, the accused, who were arrested on Monday, have been identified as Lakhan Kaale and his friend Sandip Kurhade (22), both residents of adjoining Thane. The victim (25) worked as a maid in a residential society in upscale suburb of Bandra (East). Read more...