Morning Digest | India, Japan set investment target of $42 billion in next five years; Biden, Xi trade warnings on Ukraine, Taiwan, and more

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India, Japan set investment target of $42 billion in the next five years

India and Japan set an investment target of “five trillion yen” ($42 billion) in the next five years, the leaders announced after a meeting in New Delhi for the 14th annual summit, where several agreements were signed.

Biden, Xi trade warnings on Ukraine, Taiwan

U.S. President Joe Biden warned China’s President Xi Jinping of “consequences” if Beijing decided to provide material support to Russia, as the two leaders spoke in a video call on Friday.

The Chinese leader, for his part, delivered a warning on U.S. support to Taiwan, a point emphasised by the readout of the call released by Beijing late on Friday.

G-23 mull way forward with the Gandhis not ceding leadership

A show of strength and series of meetings later, there seems to be a realisation among a section of G-23 leaders that the Gandhi family won’t concede leadership roles and they may have to negotiate their way back into Congress’ decision-making structure.