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OpenAI starts talks with Microsoft about new funding and future IPO 05/12/2025

Markets Rally on US–China 90-Day Tariff Pause as Investors Brace for Protracted Talks 05/12/2025

U.S. Slashes China ‘De Minimis’ Tariff to 54% as Trade Truce Takes Effect 05/13/2025

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Economics

NASDAQ, S&P 500 hit new all-time highs

Major U.S. stock exchanges rose Thursday after the release of statistics on the country and the NASDAQ and S&P 500 indices again reached their all-time highs, according to trading data. Investors paid attention to the fact that the number of initial jobless claims in the U.S. during the week ended...

Growth Strategy Priorities Laid Out By Japanese Government

A set of initiatives and programs focused on promotion of green technology and digitalisation was announced recently by Japan. These measures are a part of the government’s efforts for giving a boot to the economy for long term growth. The outline of the project was a result of discussions...

Australia, Singapore and South Africa to test cross border bank digital payments

A trial for the feasibility of the use of a cross border payments system using different central bank digital currencies (CBDC) will be conducted by central banks in Australia, Singapore, Malaysia and South Africa. The central banks said that the aim of this trial is to assess whether this...

Industry-Wide Model For Benefits For Gig Worker Proposed By Uber In Canada

The ride hailing company Uber proposed a flexible benefits fund for drivers and delivery people for its food delivery subsidiary in Canada was proposed by the firm on Monday according to which data on workers' hours and earnings would be shared by all gig industry players. The company...

South Korean Debt To Reach 50% Of GDP With Proposed Aggressive Spending Plan For 2022

A proposal for an aggressing increase in government spending was unveiled by South Korea's government on Tuesday for the last year of the presidency of Moon Jae-in's five-year term. This eliminated any chance of the government achieving a balanced budget even as the fiscal deficit of the country...

New Chinese Gaming Rules Send Shares Of Gaming Companies Down, Young Gamers Fume On Social Media

New gaming rules imposed by China for online gamers below 18 years, putting a cap of a maximum of three hours that they can be allowed to play online video games a week, hit share price of Tencent Holdings Ltd and other gaming companies, while young gamers vented out their protest against the...

Chinese Factory Activity For August Expected To Continue To Register Growth Decline

Restrictions imposed because of a surge in Covid-19 cases and rising costs of raw materials continued to put pressure on manufacturers possibly caused a continued slowdown in growth in China's factory activity in August, even as the economic recovery in the country lost momentum, estimated a...

New Laws For Regulating Digital Wallet Services Being Considered By Australia

A set of new laws is being prepared by the Australian government aimed at further tightening regulation of digital payment services offered by tech companies such as Apple and Alphabet's Google. According to the Australian Treasurer Josh Frydenberg, he would "carefully consider" the latest...

Entrepreneurs In Cuba Get Ready For A More Open Economy

Following the landmark change in the rules to private owning and running of business that govern the Communist-run economy, understanding the opportunities and challenges of the change is being sought to be understood better by Cuban entrepreneurs who want to or are running businesses ranging from...

Canada Echoes Mexico’s Concerns And Asks For Consultation With US Over USMCA Content Rules

Canada has sought formal consultation with the United States, after Canada did so, for discussing the interpretation of content rules for automobiles as has been set out in the North American trade pact, the two countries, Mexico and Canada said on Friday. A formal consultation to clear...