While centre driven and managed high level economic changes, both structural and financial, are necessary, an assumption that the benefits of such changes will flow to the periphery through a trickledown theory
Central banks around the world have been steadily increasing their gold reserves, with 2024 marking the third consecutive year that global gold purchases surpassed the 1,000 metric tons (MT) threshold. According to
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Tesla has issued a recall for more than 46,000 Cybertrucks in the United States over a critical safety issue, marking another setback for the highly anticipated electric pickup truck. The company announced
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In a groundbreaking scientific achievement, an international team led by Chinese researchers has successfully realized quantum-secured communication spanning over 12,900 kilometers between China and South Africa. This breakthrough, utilizing the Jinan-1 micro-nano
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Siemens, one of Germany’s largest industrial companies, has announced plans to cut over 6,000 jobs worldwide as part of a major restructuring effort. The layoffs, which are set to affect employees in
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Nvidia has announced a major partnership with General Motors and introduced its latest AI superchip, Vera Rubin, as the company seeks to maintain its dominance in the rapidly evolving artificial intelligence industry.
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North Korea has emerged as the world’s third-largest holder of bitcoin, trailing only the United States and Britain, following a record-breaking cyber theft last month. According to Arkham Intelligence, Pyongyang’s most notorious
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Indonesia’s central bank has made a decisive move to stabilize the rupiah, which has recently hovered near five-year lows amid growing concerns over the country’s economic outlook. The currency’s decline comes as
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Shares of Chinese car-sensor maker Hesai dropped by 7.8% on Tuesday following a report by Blue Orca Capital, a Texas-based short-seller, which accused the company of misleading investors over its financial performance
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The concentration of carbon dioxide in Earth’s atmosphere has reached its highest level in 800,000 years, according to a United Nations (UN) report that highlights alarming climate trends. The research suggests 2024
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Several significant investments in the maritime sector have been announced, showcasing a global push to enhance port infrastructure, green shipping solutions, and technological advancements within the industry. India’s $5.8 Billion Inland Waterways
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UBS has delayed its target to achieve net zero greenhouse gas emissions by a decade, now aiming for 2035 instead of the previously set 2025. The Swiss bank attributed this delay to
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Google’s parent company, Alphabet, is in negotiations to acquire cybersecurity start-up Wiz for approximately $30 billion, which would mark the largest acquisition in the company’s history, according to sources familiar with the
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India’s trade deficit has narrowed to $14.05 billion in February, marking the lowest level in three years, as petroleum exports to Europe plunged by 30% and gold imports dropped by 60%. According
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Shares of Chinese electric vehicle (EV) leader BYD surged to a record high on Tuesday following groundbreaking claims by the company’s founder, Wang Chuanfu. The company’s stock jumped more than 6% to
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In India’s rapidly growing economy, where convenience and instant service have become the norm, a new innovation is making waves: the “Insta Maid” service, offered by Mumbai-based company Urban Company. Similar to
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