Economic Contraction
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Indian IT Sector At Risk? AI Doomsday Report Makes Shocking Prediction For Infosys, TCS And Wipro
A report from Citrini Research warns AI automation will halt India's $200B IT export sector, causing contract cancellations and rupee depreciation.
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Macron Meets PM Modi: AI Summit, Potential Rafale Contract On Agenda
French President Emmanuel Macron met Prime Minister Narendra Modi in Mumbai on Tuesday, as he begins a three-day visit to India focused on artificial intelligence cooperation and a potential multibillion dollar fighter jet deal.
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Gemini Crypto Exchange Aims to Launch Regulated Prediction Market Contracts
Gemini Space Station is planning to expand beyond crypto trading by launching regulated prediction market contracts. The exchange, which went public in September, is reportedly seeking CFTC approval to offer users the ability to trade outcomes of real-world events such as elections and economic data.
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How Trump's $100,000 H-1B Visa Fee Could Impact US Economy More Than India
US President Donald Trump shook thousands of American dreams this weekend with an abrupt decision to slap a $100,000 fee on skilled worker permits - the H-1B visas.
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US Economy Shrinks By 0.3%, Trump Says "Nothing To Do With Tariffs"
US President Donald Trump said on Wednesday that Americans should be patient in the face of a first-quarter economic contraction, arguing that his tariffs would eventually lead to a boom in the US economy.
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Ontario Bans US Firms from Government Contracts, Dumps Starlink Deal
Ontario, Canada's most populous province and its economic engine, announced Monday a ban on US companies bidding on tens of billions of dollars worth of government contracts, and dumped a deal with Elon Musk's Starlink in a pushback to US tariffs.
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India Receives Highest FDI From Singapore In 2023-24: Government Data
India received the highest foreign direct investment (FDI) from Singapore in 2023-24 even as overseas capital inflows into the country contracted by about 3.5 per cent due to global economic uncertainties, according to the latest government data.
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Dubai-Based Economic Freezone DIFC Gets Rules to Govern Web3 Firms: All Details Here
A new set of regulations called the Digital Assets Law has now been deployed over the Dubai International Financial Centre (DIFC). This legislation adds some new Web3-centric rules while also making changes to existing laws around contracts, obligations, security, damages, remedies, and foundations.
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Palestinian Economy Severely Impacted By Israel-Hamas War: World Bank
The Israel-Hamas war in Gaza is having a severe impact on the Palestinian economy, according to the World Bank, which now estimates sharp economic contraction this year and next.
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India's Import of Mobile Phones, Laptops, PCs, Other Devices from China Declined in FY 2022-23: Report
India's imports of electronic goods such as laptops, personal computers (PCs), integrated circuits and solar cells from China declined during 2022-23, according to a report by economic think tank GTRI.
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Indian IT Sector At Risk? AI Doomsday Report Makes Shocking Prediction For Infosys, TCS And Wipro
A report from Citrini Research warns AI automation will halt India's $200B IT export sector, causing contract cancellations and rupee depreciation.
-
Macron Meets PM Modi: AI Summit, Potential Rafale Contract On Agenda
French President Emmanuel Macron met Prime Minister Narendra Modi in Mumbai on Tuesday, as he begins a three-day visit to India focused on artificial intelligence cooperation and a potential multibillion dollar fighter jet deal.
-
Gemini Crypto Exchange Aims to Launch Regulated Prediction Market Contracts
Gemini Space Station is planning to expand beyond crypto trading by launching regulated prediction market contracts. The exchange, which went public in September, is reportedly seeking CFTC approval to offer users the ability to trade outcomes of real-world events such as elections and economic data.
-
How Trump's $100,000 H-1B Visa Fee Could Impact US Economy More Than India
US President Donald Trump shook thousands of American dreams this weekend with an abrupt decision to slap a $100,000 fee on skilled worker permits - the H-1B visas.
-
US Economy Shrinks By 0.3%, Trump Says "Nothing To Do With Tariffs"
US President Donald Trump said on Wednesday that Americans should be patient in the face of a first-quarter economic contraction, arguing that his tariffs would eventually lead to a boom in the US economy.
-
Ontario Bans US Firms from Government Contracts, Dumps Starlink Deal
Ontario, Canada's most populous province and its economic engine, announced Monday a ban on US companies bidding on tens of billions of dollars worth of government contracts, and dumped a deal with Elon Musk's Starlink in a pushback to US tariffs.
-
India Receives Highest FDI From Singapore In 2023-24: Government Data
India received the highest foreign direct investment (FDI) from Singapore in 2023-24 even as overseas capital inflows into the country contracted by about 3.5 per cent due to global economic uncertainties, according to the latest government data.
-
Dubai-Based Economic Freezone DIFC Gets Rules to Govern Web3 Firms: All Details Here
A new set of regulations called the Digital Assets Law has now been deployed over the Dubai International Financial Centre (DIFC). This legislation adds some new Web3-centric rules while also making changes to existing laws around contracts, obligations, security, damages, remedies, and foundations.
-
Palestinian Economy Severely Impacted By Israel-Hamas War: World Bank
The Israel-Hamas war in Gaza is having a severe impact on the Palestinian economy, according to the World Bank, which now estimates sharp economic contraction this year and next.
-
India's Import of Mobile Phones, Laptops, PCs, Other Devices from China Declined in FY 2022-23: Report
India's imports of electronic goods such as laptops, personal computers (PCs), integrated circuits and solar cells from China declined during 2022-23, according to a report by economic think tank GTRI.
