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
India is reportedly preparing to oppose Pakistan’s bid to acquire a $582 million stake in the Shanghai-based New Development Bank (NDB), a financial institution established by the BRICS bloc. According to sources
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Investor enthusiasm for artificial intelligence has propelled U.S. venture capital spending to its highest level since 2021, as a handful of major tech companies attract record-breaking funding rounds. The AI boom has
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by Our Economic Affairs Editor Mark Carney is widely recognised as a towering figure in the realm of global finance, but beyond the polished veneer of central banking and economic stewardship lies
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The Saudi film industry has been slowly developing since the government lifted a decades-long cinema ban in 2018. Now, industry insiders are hopeful that Saudi Arabia has finally found a film that
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Sir Richard Branson’s Virgin Group is working to secure £700mn in funding to launch a new high-frequency cross-Channel rail service, providing the first direct competition to Eurostar in its 30-year history. The
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Qatar Airways will conclude its phase of rapid expansion following one last major aircraft order, according to CEO Badr Mohammed Al-Meer. The airline, along with Doha’s Hamad International Airport, aims to increase
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The world’s largest mining corporations have significantly reduced exploration spending over the past two years due to inflation, higher interest rates, and declining commodity prices. This downturn follows a surge in investments
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Wealthy Chinese investors are discreetly channeling tens of millions of dollars into private companies controlled by Elon Musk, leveraging opaque financial structures to keep their identities hidden. These investments are flowing into
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Sony Music has disclosed that it has removed over 75,000 AI-generated tracks impersonating its artists, including global stars like Harry Styles, as the music giant fights back against a rising tide of
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The Trump administration is in exploratory talks with the Democratic Republic of Congo (DRC) over a potential mineral deal that could grant U.S. companies access to the country’s vast reserves of critical
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Apple has confirmed a delay in rolling out new artificial intelligence features for its Siri voice assistant, potentially setting back its efforts to compete with AI advancements from rivals such as Google
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The late 19th century saw economists, mainly German and Austrian, create a mythology of money’s origins that is still repeated in today’s textbooks. Money is said to have originated as just another
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Air France-KLM is banking on high-spending American tourists to fuel its recovery after a difficult year, according to CEO Ben Smith. The airline has seen “amazing” demand for premium travel, particularly from
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Japan’s 10-year government bond yields climbed to their highest level since 2009 on Thursday, driven by a global bond sell-off triggered by Germany’s decision to ramp up defense spending. The yield on
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Former UK Prime Minister David Cameron has taken up a part-time, paid advisory role at Finback Investment Partners, a private equity firm founded and chaired by Jeb Bush, the ex-governor of Florida
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