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I’d like to be involved in UK-US trade talks, says Swinney

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I’d like to be involved in UK-US trade talks, says Swinney



John Swinney has said he would like to be involved in trade talks between the UK and US following meetings with President Donald Trump about whisky.

The First Minister has met Mr Trump numerous times this year, championing tariff relief for the Scotch whisky industry – the UK’s biggest drinks export.

Discussions remain ongoing about the imposition of a 10% tariff on exports from the UK to the US, a result of Mr Trump’s desire for the levies.

Speaking to the US president earlier this year during a visit to Scotland, Mr Swinney put the issue of the Scotch industry on the table, with Mr Trump saying he “didn’t know whisky was a problem”, but appearing open to moving on the issue.

Speaking to the PA news agency ahead of the SNP conference in Aberdeen, the First Minister said: “I’ve not been privy to the trade talks.

“I would like to be, because I think I’ve actually been quite helpful in all of this.

“It’s clear to me earlier on this year that whisky was not really featuring in the trade talks at all, it was not there as a principle negotiating priority for the UK Government.

“Well, I had to make sure it was, because it really matters to Scotland.”

Trade remains reserved to the UK Government and the First Minister’s visit to Washington last month was facilitated by former ambassador Lord Peter Mandelson.

Reports emerged last week that whisky could be exempted from the US tariffs, but the First Minister said he had not heard any updates.

“We’ve sought engagement with the UK Government on the trade talks and we’ve had a certain amount of information, but nothing of the detail and I have no update on the events since the last time I had interactions with the Prime Minister on the margins of the state banquet at Windsor Castle when I had the opportunity to discuss it once again with President Trump and also a number of senior members of President Trump’s administration,” he said.

The First Minister argued there was an incentive for the US to reduce tariffs, given casks used to make bourbon whiskey are sold to distilleries in Scotland to age their product, with a fall in output here meaning a decline in demand for American casks.

“That’s a very valuable trade – it’s worth 300 million dollars a year,” he said.

“When I was in the United States in early September, I talked to one of the companies producing the whiskey casks and they’re having orders cancelled from Scotland because there isn’t sufficient production in Scotland to merit the casks coming from the United States.

“So, if we just were to take all of this out of the trade talks to say ‘let’s have zero for zero’, we would see an improvement in the fortunes for Scotch whisky and we’d see an improvement in the fortunes for, principally, interests in the state of Kentucky and the Kentucky bourbon industry.”

A spokeswoman for the UK Government said: “We have always used our trade agenda to promote our world-class Scotch whisky industry, by continually engaging with the US on the issue and securing significant tariffs cuts in our other trade deals like with India.

“Our deal in May secured preferential access to Scotch whisky to the US market compared with other major economies.

“We continue to work to ensure this deal protects British jobs and exports as part of our Plan for Change.”



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Indias Real Estate Equity Inflows Jump 48 Pc In Q3 2025: Report

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Indias Real Estate Equity Inflows Jump 48 Pc In Q3 2025: Report


NEW DELHI: Equity investments in India’s real estate sector jumped 48 per cent year-on-year to $3.8 billion in the July-September period (Q3), a report said on Friday. This growth in inflow was primarily fuelled by capital deployment into land or development sites and built-up office and retail assets, according to the report by real estate consulting firm CBRE South Asia.

In the first nine months of 2025, the equity investments increased by 14 per cent on-year to $10.2 billion — from $8.9 billion in the same period last year.

The report highlighted that land or development sites and built-up office and retail assets accounted for more than 90 per cent of the total capital inflows during Q3 2025.

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On the category of investors, developers remained the primary drivers of capital deployment, contributing 45 per cent of the total equity inflows, followed by Institutional investors with a 33 per cent share.

CBRE reported that Mumbai attracted the highest investments at 32 per cent, followed by Pune at around 18 per cent and Bengaluru at nearly 16 per cent.

Anshuman Magazine, Chairman and CEO – India, South-East Asia, Middle East and Africa, CBRE, said that the healthy inflow of domestic capital demonstrates the sector’s resilience and depth.

“In the upcoming quarters, greenfield developments are likely to continue witnessing a robust momentum, with a healthy spread across residential, office, mixed-use, data centres, and I&L sectors,” he added.

In addition to global institutional investors, Indian sponsors accounted for a significant part of the total inflows.

“India’s ability to combine strong domestic capital with global institutional participation will remain a key differentiator in 2026 and beyond,” added Gaurav Kumar, Managing Director, Capital Markets and Land, CBRE India.

CBRE forecasts a strong finish for the investment activity in 2025, fuelled by capital deployment into built-up office and retail assets.

For the office sector, the limited availability of investible core assets for acquisition indicate that opportunistic bets are likely to continue gaining traction, the report noted.



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EY and Microsoft launch AI skills passport: Free program to train youth in AI; focus on career growth – The Times of India

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EY and Microsoft launch AI skills passport: Free program to train youth in AI; focus on career growth – The Times of India


EY and Microsoft on Saturday launched the AI Skills Passport, a free online learning initiative aimed at equipping Indian students and early-career professionals with essential artificial intelligence (AI) skills. The program targets individuals aged 16 and above and is designed to bridge the country’s growing AI skills gap, according to an EY statement, ANI reported.Part of a global effort that has already engaged over 40,000 participants worldwide, the AI Skills Passport offers self-paced learning modules spanning around 10 hours, available in both English and Hindi. The curriculum covers AI fundamentals, responsible AI, and practical applications across sectors including healthcare, finance, and technology. Participants also receive guidance on job readiness, including resume tips, interview support, and networking insights.Learners who complete the program are awarded a verifiable digital badge, enhancing their professional profiles. The initiative is part of EY Ripples, EY’s global corporate responsibility programme, and will partner with not-for-profit organisations to ensure students from economically weaker backgrounds have access to mentorship, learning, and career guidance.Monesh Dange, Partner and Leader, Alliances and Ecosystems, EY India, said, “In an era where AI is revolutionising work, the AI Skills Passport addresses India’s urgent need for skilled talent. Together with Microsoft, we aim to ensure the program is accessible and impactful at scale.”Bhaskar Basu, Enterprise Partnerships Leader, Microsoft India & South Asia, added, “AI is transforming India’s digital economy, and youth are at its core. The AI Skills Passport brings high-quality AI learning to everyone, accelerating Microsoft’s goal to equip 10 million Indians with AI skills by 2030.”





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Environment minister Bhupender Yadav heads to Brazil: India engages in pre-talks ahead of COP30; climate finance and adaptation on agenda – The Times of India

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Environment minister Bhupender Yadav heads to Brazil: India engages in pre-talks ahead of COP30; climate finance and adaptation on agenda – The Times of India


Union Environment Minister Bhupender Yadav is set to travel to Brasília on October 13-14 for a pre-COP meeting as India steps up preparations for the UN climate summit COP30, scheduled in Belém, Brazil, in November. The meeting aims to streamline negotiations on key issues and build consensus among ministers before the main conference. He confirmed his visit on his X account. The two-day pre-COP will bring together environment and climate ministers, senior negotiators, and observers to narrow differences on politically sensitive issues and build ministerial consensus ahead of the COP30 negotiations, PTI reported. The COP30 presidency expects 30-50 delegations and around 800 participants at the event.Pre-COPs, while not formal UNFCCC events, have become a routine instrument for host countries to focus ministerial attention on a limited set of political questions that otherwise take negotiators weeks to resolve. Ministers use these meetings to test negotiating texts, identify common ground, and prepare positions to expedite negotiations at the main COP.COP30 is unfolding against a complex geopolitical backdrop, with some developed countries reassessing climate strategies amid economic and energy security pressures. The United States’ withdrawal from the Paris Agreement has further heightened tensions. Disagreements over climate finance, the pace and responsibility of the energy transition, and burdens on developing countries remain sharp.Trust between developed and developing countries is fragile following COP29 in Baku, Azerbaijan, where many Global South delegates said finance outcomes fell short of expectations. Central issues include the scale and nature of climate finance, grant versus loan structures, and predictability of funds for adaptation and loss and damage. These topics are expected to dominate discussions in Brasília and later in Belém.Logistical concerns are adding further pressure. Reports indicate shortages of hotel rooms and high costs in Belém, potentially limiting participation of smaller delegations and vulnerable countries. Observers warn that unequal attendance could affect negotiating dynamics and the legitimacy of outcomes.Key discussion points include climate finance, the post-2025 collective finance goal, rules and integrity for international carbon trading under Article 6, adaptation and national adaptation plans, and translating the Global Stocktake into actionable timelines. Loss and damage finance will also be a priority, with ministers aiming to make it predictable and accessible.India has emphasised equity and differentiated responsibilities in climate action, urging developed countries to meet Article 9 obligations on finance. It has pressed for predictable and concessional support for adaptation and loss and damage, while highlighting the need for technology transfer and capacity building aligned with national circumstances. India has also underscored a just energy transition that allows space for development.Ahead of COP30, India plans to submit two key documents: an updated Nationally Determined Contribution (NDC), extending commitments to 2035, and the country’s first national adaptation plan (NAP). The updated NDC is expected to raise ambition on emissions intensity of GDP, non-fossil electricity capacity, and carbon sinks through forest and tree cover, without introducing new pledges. India has already exceeded its target for non-fossil installed capacity ahead of the 2030 deadline.Officials told PTI that India will closely monitor outcomes on carbon markets and accounting, ensuring that poorly designed rules do not shift burdens or create perverse incentives.





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