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Economy

AI Safety Summit: India, China, US and EU agree to work together

India, China, the United States, the European Union, and other countries agreed to work together to collectively manage the risks associated with artificial intelligence (AI) at a London summit held on Wednesday.

China’s Belt and Road Initiative: A Decade of Ambition, Controversy and Failure

China is celebrating 10 years of President Xi Jinping’s signature Belt and Road Initiative (BRI) on October 17-18 in the Chinese capital Beijing. In these ten years, the BRI's trajectory has evolved significantly, eliciting a complex mixture of optimism, ambition, controversies, and failures.

IW Explainer: ‘European Union’s continuing financing of Putin’s war efforts’

Amidst the European Union's commitment to reduce gas imports from Russia due to the war in Ukraine, recent reports reveal a 40% increase in the bloc's purchases of Russian-made liquefied natural gas (LNG).

India to match China in Global GDP contribution by 2028 with 8% Growth: Barclays

A recent report from Barclays suggests that India has emerged as a bright spot in the global economy and with an 8% growth rate will become a top contributor to global GDP in the next 5 years, by the year 2028.

World Bank highlights weakened Global Economy, but India and US bright spots

In a recent address to the media in Marrakesh, Morocco, World Bank Chief Economist Indermit Gill expressed growing concerns about the state of the global economy. Despite the overall outlook remaining weak, the major economies India and the United States will continue to show a resilient performance.

Growing Economic Clout: Indian investors to invest $14 Billion in Nigeria

Nigeria has achieved remarkable success, securing investment commitments totaling nearly $14 billion from Indian investors while actively pursuing an economic cooperation agreement with India.

World Bank projects India’s GDP growth at 6.3% amidst Global challenges

The World Bank has released its latest India Development Update (IDU), forecasting India's GDP growth rate to be 6.3% for the financial year 2023-2024, despite facing increasing global economic headwinds.

EU launches Phase One of Carbon Border Tariff System

The European Union has initiated the first phase of a groundbreaking Carbon border tariff system, marking a significant step in its commitment to curbing carbon emissions and ensuring a level playing field for domestic industries.

US accuses China of global media manipulation

China is manipulating global media through censorship, data harvesting, and covert purchases of foreign news outlets, the United States said on Thursday, warning the trend could lead to a "sharp contraction" of global freedom of expression.

“Father of Green Revolution”, MS Swaminathan, Passes Away at 98

India and the world mourn the loss of Professor MS Swaminathan, a pioneer figure in the realm of agriculture, who passed away today at the age of 98 at his Chennai residence.
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