Economic Contraction
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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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World Economy Is Headed For A Recession In 2023, Says Researcher
The world faces a recession in 2023 higher borrowing costs aimed at tackling inflation cause a number of economies to contract, according to the Centre for Economics and Business Research.
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Chip Manufacturing, Global Supply Chains to Be Secure if Taiwan Remains Safe, Minister Says
Global supply chains of vital semiconductors would be secure if Taiwan remains safe, Taiwanese Minister for Economic Affairs Wang Mei-Hua said on Tuesday, during a trip to the US. The minister is in the US to respond to "concerns" about supply chains and geopolitical issues and to visit US tech firms that are major customers of Taiwanese semiconduc...
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Russia Will Post Budget Surplus This Year: Vladimir Putin
Russia will post a budget surplus this year, President Vladimir Putin said on Wednesday, forecasting a much shallower economic contraction than previously thought as Russia has overcome the worst impact of Western sanctions.
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8% Economic Contraction Predicted For Crisis Hit Sri Lanka, Says Governor
Sri Lanka's economic meltdown will result in a record contraction of at least eight percent this year but the public could soon expect some relief from runaway inflation, the head of the country's central bank said Thursday.
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Ukraine's Economy Could Shrink 40% in 2022 Owing To Russian Invasion
Areas in which remote work is impossible have suffered the most due to the Russian invasion in Ukraine.
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Cementing Ties, UAE Orders $19 Billion Rafales, Helicopters From France
The United Arab Emirates ordered 80 Rafale fighter jets and 12 military helicopters on Friday, deepening economic and political ties with France through an arms contract worth 17 billion euros ($19.20 billion).
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Cementing Ties, UAE Buys 80 French-Made Rafale Warplanes
The United Arab Emirates ordered 80 Rafale fighter jets on Friday, the largest order ever for the warplane, a multi-billion dollar arms contract that deepens economic and political ties with France.
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New Variant Puts South Africa At Risk Of Global Shut Out
South Africa's recovery from its deepest economic contraction in almost three decades risks being derailed by the identification of a new coronavirus variant that prompted several European nations to ban travel to and from the country
-
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.
-
World Economy Is Headed For A Recession In 2023, Says Researcher
The world faces a recession in 2023 higher borrowing costs aimed at tackling inflation cause a number of economies to contract, according to the Centre for Economics and Business Research.
-
Chip Manufacturing, Global Supply Chains to Be Secure if Taiwan Remains Safe, Minister Says
Global supply chains of vital semiconductors would be secure if Taiwan remains safe, Taiwanese Minister for Economic Affairs Wang Mei-Hua said on Tuesday, during a trip to the US. The minister is in the US to respond to "concerns" about supply chains and geopolitical issues and to visit US tech firms that are major customers of Taiwanese semiconduc...
-
Russia Will Post Budget Surplus This Year: Vladimir Putin
Russia will post a budget surplus this year, President Vladimir Putin said on Wednesday, forecasting a much shallower economic contraction than previously thought as Russia has overcome the worst impact of Western sanctions.
-
8% Economic Contraction Predicted For Crisis Hit Sri Lanka, Says Governor
Sri Lanka's economic meltdown will result in a record contraction of at least eight percent this year but the public could soon expect some relief from runaway inflation, the head of the country's central bank said Thursday.
-
Ukraine's Economy Could Shrink 40% in 2022 Owing To Russian Invasion
Areas in which remote work is impossible have suffered the most due to the Russian invasion in Ukraine.
-
Cementing Ties, UAE Orders $19 Billion Rafales, Helicopters From France
The United Arab Emirates ordered 80 Rafale fighter jets and 12 military helicopters on Friday, deepening economic and political ties with France through an arms contract worth 17 billion euros ($19.20 billion).
-
Cementing Ties, UAE Buys 80 French-Made Rafale Warplanes
The United Arab Emirates ordered 80 Rafale fighter jets on Friday, the largest order ever for the warplane, a multi-billion dollar arms contract that deepens economic and political ties with France.
-
New Variant Puts South Africa At Risk Of Global Shut Out
South Africa's recovery from its deepest economic contraction in almost three decades risks being derailed by the identification of a new coronavirus variant that prompted several European nations to ban travel to and from the country
