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India gets Wassenaar Arrangement membership, second such after entry to MTCR in June 2016

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India gets Wassenaar Arrangement membership, second such after entry to MTCR in June 2016

[vc_row][vc_column][vc_column_text]India on Thursday was admitted to the Wassenaar Arrangement (WA), widening its access to market of conventional arms and dual-use goods and technologies.

The elite export control regime decided to admit India as its 42nd member at its two-day 23rd annual plenary that concluded at its headquarters in Vienna late on Thursday.

The WA membership is also seen as strengthening India’s case for entry into the 48-member Nuclear Suppliers Group (NSG).

China, which stonewalled India’s entry into the 48-nation NSG, is not a member of the Wassenaar Arrangement. It also remains steadfast in its opposition to India’s entry to NSG.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text css=”.vc_custom_1512733884640{padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;background-color: #dddddd !important;border-radius: 10px !important;}”]The Wassenaar Arrangement on Export Controls for Conventional Arms and Dual-Use Goods and Technologies, commonly known as the Wassenaar Arrangement, is a multilateral export control regime (MECR) with 42 participating states including many former Comecon (Warsaw Pact) countries.

The Wassenaar Arrangement was established to contribute to regional and international security and stability by promoting transparency and greater responsibility in transfers of conventional arms and dual-use goods and technologies, thus preventing destabilizing accumulations. Participating states seek, through their national policies, to ensure that transfers of these items do not contribute to the development or enhancement of military capabilities which undermine these goals, and are not diverted to support such capabilities.

It is the successor to the Cold War-era Coordinating Committee for Multilateral Export Controls, and was established on 12 July 1996, in Wassenaar, the Netherlands, which is near The Hague. The Wassenaar Arrangement is considerably less strict than COCOM, focusing primarily on the transparency of national export control regimes and not granting veto power to individual members over organizational decisions. A Secretariat for administering the agreement is located in Vienna, Austria. Like COCOM, however, it is not a treaty, and therefore is not legally binding.

Every six months member countries exchange information on deliveries of conventional arms to non-Wassenaar members that fall under eight broad weapons categories: battle tanks, armoured fighting vehicles (AFVs), large-caliber artillery, military aircraft, military helicopters, warships, missiles or missile systems, and small arms and light weapons. (from Wikipedia)

The WA website says: The Wassenaar Arrangement (WA) has been established in order to contribute to regional and international security and stability, by promoting transparency and greater responsibility in transfers of conventional arms and dual-use goods and technologies, thus preventing destabilising accumulations. The aim is also to prevent the acquisition of these items by terrorists.

Participating States seek, through their national policies, to ensure that transfers of these items do not contribute to the development or enhancement of military capabilities which undermine these goals, and are not diverted to support such capabilities.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]In a statement put up on WA website, Jean-Louis Falconi, who chaired the plenary on behalf of the French government, said: “Confirming that the existing membership criteria continue to apply, participating states reviewed the progress of a number of current membership applications and agreed at the plenary to admit India, the Arrangement’s 42nd participating state as soon as the necessary procedural arrangements for joining are completed.”

“As president of the WA this year and co-rapporteur of India‘s candidacy, France warmly congratulates India for joining the Arrangement. One more recognition, after admission into (Missile Technology Control Regime (MTCR) of the growing role India plays in today’s world,” tweeted Alexandre Ziegler, French ambassador to India.

“The United States welcomes the successful conclusion of the #WassenaarArrangement plenary, which offered #India membership, agreed upon over 80 control list updates, & (and) exchanged views on #proliferation challenges,” the US mission to UN in Vienna tweeted.

Membership of WA is the second major achievement for India after its entry to MTCR (Missile Technology Control Regime) that admitted India in 2016. The MTCR, created by the G7 countries Canada, France, Germany, Italy, Japan, UK and USA and now having 35 members, was formed to curb the spread of unmanned delivery systems for nuclear weapons, specifically delivery systems that could carry a payload of 500 kg for a distance of 300 km.

India’s entry to MTCR facilitates purchases of high-end missile technology and state-of-the-art surveillance drones for the country.

China is not a member of MTCR.

India is also keen to get the membership of Australian Group, which governs the international trade of materials used to make chemical and biological weapons.

India’s attempts to enter the NSG, which controls the international trade of atomic technologies and materials, have been blocked by China which argues that the NSG should first explore through ‘an open and transparent’ process and reach agreement on a ‘non-discriminatory formula’ to deal with the issue of granting membership to countries which have not signed the Nuclear Non-Proliferation Treaty (NPT).

Once the non-discriminatory formula would be adopted by the NSG, the cartel should move to the second stage to take up the ‘country-specific membership issues’, argued China. It said it has not changed its stance on the matter.

NSG guidelines prohibit its members to enter into nuclear deals with countries that have not signed the NPT. India and Pakistan are not signatories to NPT.[/vc_column_text][/vc_column][/vc_row]

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Nvidia CEO Jensen Huang resigns amid affair scandal, Colette Kress takes over

Nvidia CEO Jensen Huang has resigned amid an affair-related controversy. The company’s CFO, Colette Kress, will serve as interim CEO while the board looks for a permanent successor.

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colette kress

Nvidia CEO Jensen Huang has resigned from his position, marking a major leadership change at the world’s leading artificial intelligence chipmaker. The company’s board has appointed Chief Financial Officer Colette Kress as interim CEO while it begins the process of finding a permanent successor.

The development comes amid controversy surrounding reports of Huang’s alleged extramarital relationships, including one involving a Chinese businesswoman suspected by US authorities of having links to espionage activities.

Huang’s departure comes after more than three decades at the helm of Nvidia, the company he co-founded in 1993. His leadership helped transform the business from a graphics chip manufacturer into a dominant supplier of processors powering the global artificial intelligence industry.

Colette Kress appointed interim Nvidia CEO

Following Huang’s resignation, Nvidia’s board appointed Colette Kress as interim chief executive officer.

Kress, who has served as Nvidia’s executive vice president and CFO since September 2013, will continue to hold the finance portfolio alongside her interim leadership responsibilities until a permanent successor is appointed.

Before joining Nvidia, she spent nearly 25 years working in finance roles at major technology companies, including Cisco and Microsoft.

The board has said it will consider both internal and external candidates as part of its search for a permanent CEO.

Nvidia has also appointed Harvey C. Jones as the company’s first-ever chairman of the board.

Affair controversy surrounding Jensen Huang

Huang’s resignation follows a series of reports about alleged extramarital relationships that have raised questions about his position at the company.

One of the controversies involves Alice Huang, a Chinese businesswoman whom US intelligence agencies reportedly suspect of involvement in facilitating shipments of Nvidia chips to Chinese companies.

Another report alleged that Huang had a relationship with Kimberly Powell, Nvidia’s vice president of healthcare, who reportedly worked under him.

Huang had earlier acknowledged being unfaithful to his wife in a message to Nvidia employees, taking responsibility for his actions and apologising to his family and colleagues.

The company’s board had also initiated an independent investigation into whether Huang had been targeted as part of a foreign intelligence operation.

Jensen Huang’s departure marks a major change for Nvidia

Huang co-founded Nvidia in 1993 alongside Curtis Priem and Chris Malachowsky. Under his leadership, the company evolved from a graphics processing unit manufacturer primarily associated with gaming into a central player in the global AI industry.

Nvidia’s processors have become critical to companies developing and operating artificial intelligence systems, making the company one of the most influential businesses in the technology sector.

His departure also comes at a crucial time for Nvidia, with investors closely watching the company’s leadership transition and its ability to maintain its position in the rapidly expanding AI market.

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India, Canada discuss trade pact to boost bilateral commerce

India and Canada discussed advancing negotiations on a proposed Comprehensive Economic Partnership Agreement aimed at expanding trade, investment and market access between the two countries.

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India canada trade pacts

India and Canada discussed advancing negotiations on a proposed trade agreement as the two countries seek to strengthen their economic and commercial ties.

Commerce and Industry Minister Piyush Goyal met Canada’s Minister of International Trade Maninder Sidhu, who is leading a Canadian delegation to India. The discussions focused on advancing negotiations for the proposed India-Canada Comprehensive Economic Partnership Agreement (CEPA).

The proposed pact is aimed at creating greater market access and opening up new opportunities for trade and investment between the two countries.

India-Canada CEPA talks

Both sides discussed the importance of a balanced and mutually beneficial agreement that can make use of the complementary strengths of the two economies.

The discussions also focused on deepening commercial engagement and creating new opportunities for businesses in both countries.

Goyal said the two sides reaffirmed their commitment to taking the India-Canada economic partnership to a higher level, with CEPA serving as a catalyst for deeper commercial engagement.

India and Canada are working towards concluding the CEPA negotiations by the end of 2026.

India-Canada trade

The proposed CEPA is aimed at improving market access and creating opportunities across sectors while strengthening the broader economic relationship between India and Canada.

The agreement is expected to provide greater opportunities for businesses in both countries and support deeper trade and investment ties.

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White House put on temporary lockdown after car crashes into signpost

The White House was temporarily placed under lockdown after a car crashed into a signpost near Lafayette Square in Washington, DC. The driver was detained after a confrontation with security personnel.

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The White House was placed under a temporary lockdown on Monday after a car crashed into a signpost at Lafayette Square near the presidential residence in Washington, DC.

The incident triggered a security response in the area, with the US Secret Service directing members of the White House press corps to move indoors and remain there temporarily.

Driver detained after confrontation with security personnel

The driver was detained following a confrontation with Secret Service officers and National Guard personnel, according to reports.

Video footage showed a silver sedan on the paved area at the northern end of Lafayette Square after striking a signpost. Smoke was also seen coming from the vehicle.

Authorities had not immediately disclosed the driver’s identity or established what led to the crash.

White House security restrictions imposed

The security response prompted temporary restrictions around the White House. The incident occurred at Lafayette Square, which is directly across Pennsylvania Avenue from the presidential complex.

At around 10 am local time, Secret Service personnel instructed White House journalists to move indoors while security personnel dealt with the incident.

The White House was under the security restriction while President Donald Trump was at the premises, according to reports.

Motive behind crash remains unclear

It was not immediately known whether the crash was accidental or deliberate. Authorities had also not immediately confirmed whether anyone was injured.

The circumstances surrounding the incident, including the driver’s identity and possible motive, remained under investigation.

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