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Business
European Union sees trade surplus after six quarters of deficit
After a string of six quarters in the red, the European Union’s trade balance has swung back into surplus, largely attributed to a dip in energy prices. This is as per the findings from…
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President Lula’s $347.5 billion growth plan for Brazil emphasizes ecological transition
Brazil’s “growth acceleration” plan, known as PAC, has been reintroduced, with a projected 1.7 trillion reais ($347.5 billion) in investments. This new initiative is set to leverage an…
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SK Telecom seals $100 million AI alliance with Anthropic
SK Telecom Co., South Korea’s premier wireless service provider, announced a strategic $100 million investment in U.S.-based artificial intelligence (AI) powerhouse, Anthropic. This…
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China grapples with deflation as global concerns mount
China’s economic landscape is undergoing a seismic shift as it witnesses deflation for the first time since early 2021. Official data reveals a 0.3% decline in the consumer price index…
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WeWork’s stunning crash from $47 billion to bankruptcy’s doorstep
In a staggering turnaround, WeWork, once pegged at a valuation of $47 billion, saw its shares plummet to near zero. The company sounded the bankruptcy alarm, marking a monumental…
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UAE’s bold move into sustainable agriculture with advanced greenhouse
In a significant stride towards sustainable agriculture, the UAE has inaugurated a state-of-the-art greenhouse facility. This ambitious venture is a collaboration between ADQ and Safe…
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India’s vision for development appreciated in World Bank Group meeting
Eleven Executive Directors (EDs) of the World Bank Group, representing 95 countries, convened with Union Finance Minister Nirmala Sitharaman in New Delhi on Thursday. During their visit…
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S&P foresees India’s $6.7 trillion journey by 2030 driven by PM Modi’s vision & policies
The economic prospects of India, the world’s largest democracy, are poised to reach new heights with an expected annual growth rate of 6.7% from 2024, according to a report by leading…
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Progressive policies and economic strength mark Egypt’s growth under El-Sisi
Egypt’s economy has demonstrated significant resilience and growth, as indicated by a marked reduction of 61.2% in its current account deficit, down to just US$ 5.3 billion. This…
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Modi’s vision takes shape as $329 Million International Exhibition-cum-Convention Centre opens
Prime Minister Narendra Modi launched the grand International Exhibition cum Convention Centre – Bharat Mandapam in New Delhi, proudly asserting it as a symbol of India’s vibrant and…
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