Browsing: Business
The World Bank Group’s Global Digital Summit highlights efforts to enhance digital public infrastructure and close the digital gap worldwide.
European Commission proposes to extend gas storage obligations until 2027, ensuring energy security and market stability.
Oil prices slipped as Brent crude dropped 3%, pressured by a sharp rise in US crude stockpiles and the OPEC+ decision to increase production.
Bank of Korea confirms South Korea’s economy grew 2 percent in 2024, showing resilience amid global challenges and steady GDP recovery.
Amazon-backed Anthropic’s valuation soars to $61.5B after a $3.5B funding round, reinforcing its AI dominance.
US Treasury Secretary Scott Bessent’s absence at G20 fuels fears of an American retreat from the IMF and World Bank, raising concerns over global financial stability.
Experts refute Blume Ventures’ claims, citing India’s GDP growth, rising digital payments, and Modi government’s policies fostering middle-class expansion and economic resilience.
The World Bank reaffirms confidence in India’s economic growth, citing strong resilience, investment appeal, and progressive policies that drive the country’s global economic leadership.
Japan’s digital trade deficit hit a record $43 billion in 2024, driven by heavy reliance on US tech services like cloud, online ads, and licensing, according to Finance Ministry data.
Oil prices extended gains, settling above $72 a barrel as supply concerns, OPEC+ policy uncertainty, and a weaker U.S. dollar supported crude amid market volatility.