Indian Prime Minister Narendra Modi took to the stage at the Dubai World Governments Summit on Wednesday to call for a “global protocol” that can deal with artificial intelligence and cryptocurrency.
In an address on the summit's final day, he called for a united platform for governments to deal with the growing threats of further, rapid technological advances.
His comments came a day after Sam Altman, chief executive of OpenAI – the company behind ChatGPT – also pushed for a global AI watchdog system to monitor what happens with the most powerful AI systems.
I believe government should interfere as little as possible in the lives of people – it is the government's job to ensure this
Narendra Modi,
Indian Prime Minister
With more than 1.3 billion Indians now possessing a digital identity connected to bank accounts and mobile phones, Mr Modi's government has enacted a clampdown on corruption with more transparency in financial transactions.
“Developing a global protocol can deal with the challenges posed by artificial intelligence and cryptocurrency,” he said.
“We must listen to the voices of the Global South, highlight their priorities and share our resources and capabilities with countries in need.
“By following these principles, not only can we resolve the challenges facing our governments, but also strengthen universal brotherhood.
“It is this very spirit that we promoted during our G20 presidency. We move forward with the motto: One earth, one family, one future.
“The solutions that emerge here will shape the world's future.”
On his seventh visit to the UAE in his decade as Indian Prime Minister, Mr Modi delivered what sounded like a pre-election speech as he called for minimum government, maximum governance.
Voters are expected to head to the polls in April or May this year, with Mr Modi holding strong hopes that his Hindu Bharatiya Janata party will win a third term in power.
“I believe that people should not feel the absence of a government but, at the same time, nor should there be pressure from the government,” he said.
“In fact, I believe government should interfere as little as possible in the lives of people – it is the government's job to ensure this.
“Today the world needs governments that prioritise the ease of living, the ease of justice, the ease of mobility, the ease of innovation and the ease of doing business.
“We often hear experts say that, after the Covid pandemic, people had less faith in their governments.
“But, in India, we have had exactly the opposite experience. In the last few years, the confidence people have in the Indian government has increased.
“People trust both our intent and commitment because we have a priority to people's aspirations in our governance.
“We are sensitive to the needs of our country, and have focus on fulfilling those needs and dreams.”
The two-day state visit to the Emirates included a rally in front of 40,000 Indians in Abu Dhabi on Tuesday, and a preliminary agreement signed on bilateral investment.
It was agreed to explore the development of new data centre projects in India, as well as build digital infrastructure and a supercomputer cluster for government and the private sector to use.
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Unresolved crisis
Russia and Ukraine have been locked in a bitter conflict since 2014, when Ukraine’s Kremlin-friendly president was ousted, Moscow annexed Crimea and then backed a separatist insurgency in the east.
Fighting between the Russia-backed rebels and Ukrainian forces has killed more than 14,000 people. In 2015, France and Germany helped broker a peace deal, known as the Minsk agreements, that ended large-scale hostilities but failed to bring a political settlement of the conflict.
The Kremlin has repeatedly accused Kiev of sabotaging the deal, and Ukrainian officials in recent weeks said that implementing it in full would hurt Ukraine.
The more serious side of specialty coffee
While the taste of beans and freshness of roast is paramount to the specialty coffee scene, so is sustainability and workers’ rights.
The bulk of genuine specialty coffee companies aim to improve on these elements in every stage of production via direct relationships with farmers. For instance, Mokha 1450 on Al Wasl Road strives to work predominantly with women-owned and -operated coffee organisations, including female farmers in the Sabree mountains of Yemen.
Because, as the boutique’s owner, Garfield Kerr, points out: “women represent over 90 per cent of the coffee value chain, but are woefully underrepresented in less than 10 per cent of ownership and management throughout the global coffee industry.”
One of the UAE’s largest suppliers of green (meaning not-yet-roasted) beans, Raw Coffee, is a founding member of the Partnership of Gender Equity, which aims to empower female coffee farmers and harvesters.
Also, globally, many companies have found the perfect way to recycle old coffee grounds: they create the perfect fertile soil in which to grow mushrooms.
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UAE SQUAD
Goalkeepers: Ali Khaseif, Fahad Al Dhanhani, Mohammed Al Shamsi, Adel Al Hosani
Defenders: Bandar Al Ahbabi, Shaheen Abdulrahman, Walid Abbas, Mahmoud Khamis, Mohammed Barghash, Khalifa Al Hammadi, Hassan Al Mahrami, Yousef Jaber, Mohammed Al Attas
Midfielders: Ali Salmeen, Abdullah Ramadan, Abdullah Al Naqbi, Majed Hassan, Abdullah Hamad, Khalfan Mubarak, Khalil Al Hammadi, Tahnoun Al Zaabi, Harib Abdallah, Mohammed Jumah
Forwards: Fabio De Lima, Caio Canedo, Ali Saleh, Ali Mabkhout, Sebastian Tagliabue
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How will Gen Alpha invest?
Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.
“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.
Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.
He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.
Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”
match info
Chelsea 2
Willian (13'), Ross Barkley (64')
Liverpool 0
'Peninsula'
Stars: Gang Dong-won, Lee Jung-hyun, Lee Ra
Director: Yeon Sang-ho
Rating: 2/5
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
KEY%20DATES%20IN%20AMAZON'S%20HISTORY
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