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GOVERNMENT SPENDING CUTS
South Korea flags record 2027 budget of over $530 billion as AI chip boom lifts revenuesSouth Korea plans record budget spending exceeding 800 trillion won for fiscal 2027. This significant spending will be supported by stronge...- NATO's Ankara Summit was more of a warning than an escapeNATO's recent summit focused on maintaining American commitment to collective defense. Donald Trump's unpredictable stance created signific...
- Charting the global economy: Iran war continues to cloud outlookJapan's bank lending expansion suggests room for the central bank to raise rates further. Meanwhile, high borrowing costs continue to impac...
- Bankruptcy boom: Businesses going broke in Europe's biggest economyGermany faces a widespread corporate insolvency crisis impacting numerous sectors. High energy costs and industrial decline are major contr...
- Who is Omar Yaghi? Nobel Prize-winning scientist leaves US to join Chinese research university; here’s whyNobel laureate Omar Yaghi will lead a new AI research center at Tsinghua University. This center aims to accelerate new material developmen...
- Strategic oil reserve buying set to support crude demand through 2028To enhance energy security and stabilize market prices, various governments plan to acquire millions of oil barrels up to 2028. This approa...
- Hormuz & Iran war can slow India down but not hold it backDespite the Iran war, Strait of Hormuz risks and elevated crude oil prices, the IMF expects India to remain one of the world's fastest-grow...
- China's car slump has a new escape route — the rest of the worldChina's auto sales decline prompts manufacturers to boost overseas exports. Domestic demand has fallen significantly, pushing companies to ...
- What happens at a NATO Summit: Decisions, agenda and why it matters?NATO Summit explained: NATO leaders met in Ankara, Turkiye, for their annual summit. Discussions focused on defense investment and continue...
- Can US President Trump 'cut off all trade' with Spain?President Trump has ordered a trade embargo against Spain, which includes cutting off all trade. This action stems from ongoing tensions re...
- China car sales slump for ninth straight month, exports stay strongChina's car sales have declined for nine consecutive months, impacting domestic demand significantly. Automakers are now increasingly focus...
- How New Zealand became global laboratory for climate friendly cowsThe government and industry are investing heavily to support these crucial climate initiatives. Widespread adoption of these technologies c...
- US reinstates sanctions on Iranian oil sales after LNG, oil tanker attacksUnited States reimposed sanctions on Iranian oil sales Tuesday. This action followed attacks on vessels in the Strait of Hormuz. The U.S. T...
- Ukraine to pick AI models operated without provider control, official saysUkraine will favor AI systems run on its own servers for government services. This approach seeks to avoid dependence on remote systems tha...
- Fall in global crude prices brightens fiscal outlook, El Nino risks lingerEasing West Asian tensions have significantly improved India's fiscal outlook, with economists now predicting a smaller deficit than previo...
- Trump’s war means higher global interest rates for years to comeGlobal interest rates are set to remain higher for longer, with Bloomberg Economics forecasting borrowing costs elevated by up to half a pe...
- Middle class, aspirational consumers to drive 93% of India's spending by 2036: SitharamanIndia's middle class is poised to fuel significant economic expansion, with 93% of all spending expected to originate from this segment by ...
- Middle class to remain India’s growth engine: FM SitharamanIndia's middle class is identified as the primary driver of the nation's robust economic expansion, fueling consumption and ensuring its st...
- Trump Accounts launch July 4, giving newborns $1,000. Here's what to knowPresident Trump's administration is launching "Trump Accounts" to promote financial independence for American children, coinciding with the...
- Tesla stock price: Why are Tesla shares down even though Elon Musk-owned EV giant posts record second-quarter sales deliveries?Tesla stock fell sharply in midday trading Thursday, down more than 7 per cent, in an odd development.
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