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Sberbank CEO Herman Gref on Developing AI Amid Sanctions and Bringing AI to India
Sberbank plans to expand its presence in India and hopes to secure a full banking licence within three years. CEO Herman Gref told Gadgets 360 that the bank built its own AI infrastructure despite Western sanctions, drawing on long-term investment, Chinese support and thousands of in-house engineers. Sberbank now wants to share its AI capabilities,...
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Xi Jinping Seeks Development Bank For SCO To Counter US-Led System
Chinese President Xi Jinping said China would accelerate the creation of an SCO development bank on Monday at the summit of the Shanghai Cooperation Organization in Tianjin, as he seeks to expand the organization's influence and scope.
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BRICS+ Expansion: What It Means For India And The Global South
On 1 January 2024, BRICS, the intergovernmental organisation comprising Brazil, Russia, India, China and South Africa, admitted four new members: Egypt, Ethiopia, Iran and the UAE.
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RBI to Roll Out eRupee CBDC Widely After Viewing Outcome or Impact: Report
Despite the recent developments in the area, India’s central bank is is no rush to roll out the CBDC to the nationals. The situation was addressed in Philippines by RBI deputy governor T. Rabi Sankar, reportedly during a conference.
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Finance Minister, Chinese Counterpart Meet, Discuss Global Debt Issues
Finance Minister Nirmala Sitharaman today met her Chinese counterpart Liu Kun and discussed various deliverables under G20 India Presidency, including strengthening Multilateral Development Banks and global debt vulnerabilities.
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Pakistan to Get CBDC by 2025, State Bank of Pakistan Commits to Adopt Blockchain Technology
Pakistan is accelerating efforts to roll-out its CBDC in the next two years, by 2025. The development was confirmed by the nation’s finance minister, Asad Umar. The State Bank of Pakistan (SBP) has called the country’s initiative to test its CBDC has been called a ‘testament’ to the nation’s openness towards newer technologies.
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Bank of Japan to Follow Sweden in Cautiously Testing its Digital Yen CBDC
The Bank of Japan wants to leave no stone unturned in researching about each small element related to CBDCs. The country is working on Digital Yen and may reach to a conclusion on whether to release it or not by 2026. Japan aims to take Sweden’s thorough-study approach in developing its CBDC rather than hurrying like China, who launched a large-s...
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China Hesitates On Bailing Out "Sinking Ships" Sri Lanka, Pakistan
Over the past few years, the U.S. has accused China of using "debt diplomacy" to make developing nations across the world more dependent on Beijing.
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Ex-China Development Bank Executive Arrested On Bribery Suspicion: Report
A former vice president of China Development Bank (CDB), He Xingxiang, was arrested on suspicion of accepting bribes, China's Supreme People's Procuratorate said on Sunday, amid a series of probes into officials at state financial firms.
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China's Xi Jinping Inspects Ties Between Financial Companies And Private Firms: Report
Chinese President Xi Jinping is scrutinizing the ties that the country's state banks and other financial institutions have developed with big private companies, the Wall Street Journal reported on Monday, citing people with knowledge of the plan.
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Sberbank CEO Herman Gref on Developing AI Amid Sanctions and Bringing AI to India
Sberbank plans to expand its presence in India and hopes to secure a full banking licence within three years. CEO Herman Gref told Gadgets 360 that the bank built its own AI infrastructure despite Western sanctions, drawing on long-term investment, Chinese support and thousands of in-house engineers. Sberbank now wants to share its AI capabilities,...
-
Xi Jinping Seeks Development Bank For SCO To Counter US-Led System
Chinese President Xi Jinping said China would accelerate the creation of an SCO development bank on Monday at the summit of the Shanghai Cooperation Organization in Tianjin, as he seeks to expand the organization's influence and scope.
-
BRICS+ Expansion: What It Means For India And The Global South
On 1 January 2024, BRICS, the intergovernmental organisation comprising Brazil, Russia, India, China and South Africa, admitted four new members: Egypt, Ethiopia, Iran and the UAE.
-
RBI to Roll Out eRupee CBDC Widely After Viewing Outcome or Impact: Report
Despite the recent developments in the area, India’s central bank is is no rush to roll out the CBDC to the nationals. The situation was addressed in Philippines by RBI deputy governor T. Rabi Sankar, reportedly during a conference.
-
Finance Minister, Chinese Counterpart Meet, Discuss Global Debt Issues
Finance Minister Nirmala Sitharaman today met her Chinese counterpart Liu Kun and discussed various deliverables under G20 India Presidency, including strengthening Multilateral Development Banks and global debt vulnerabilities.
-
Pakistan to Get CBDC by 2025, State Bank of Pakistan Commits to Adopt Blockchain Technology
Pakistan is accelerating efforts to roll-out its CBDC in the next two years, by 2025. The development was confirmed by the nation’s finance minister, Asad Umar. The State Bank of Pakistan (SBP) has called the country’s initiative to test its CBDC has been called a ‘testament’ to the nation’s openness towards newer technologies.
-
Bank of Japan to Follow Sweden in Cautiously Testing its Digital Yen CBDC
The Bank of Japan wants to leave no stone unturned in researching about each small element related to CBDCs. The country is working on Digital Yen and may reach to a conclusion on whether to release it or not by 2026. Japan aims to take Sweden’s thorough-study approach in developing its CBDC rather than hurrying like China, who launched a large-s...
-
China Hesitates On Bailing Out "Sinking Ships" Sri Lanka, Pakistan
Over the past few years, the U.S. has accused China of using "debt diplomacy" to make developing nations across the world more dependent on Beijing.
-
Ex-China Development Bank Executive Arrested On Bribery Suspicion: Report
A former vice president of China Development Bank (CDB), He Xingxiang, was arrested on suspicion of accepting bribes, China's Supreme People's Procuratorate said on Sunday, amid a series of probes into officials at state financial firms.
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China's Xi Jinping Inspects Ties Between Financial Companies And Private Firms: Report
Chinese President Xi Jinping is scrutinizing the ties that the country's state banks and other financial institutions have developed with big private companies, the Wall Street Journal reported on Monday, citing people with knowledge of the plan.
