Japan PM to meet OpenAI and SoftBank CEOs on Monday, Japanese govt says

Japanese Prime Minister Shigeru Ishiba will hold talks with OpenAI CEO Sam Altman and SoftBank Group (9984.T), opens new tab CEO Masayoshi Son on Monday, the Japanese government said on Friday. U.S. President Donald Trump announced last week that OpenAI, SoftBank and Oracle (ORCL.N), opens new tab will form a joint venture and invest up […]

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India’s Modi may tackle economic slowdown, impending trade turmoil in annual budget

Indian Prime Minister Narendra Modi may seek to shore up faltering economic growth, placate a middle class squeezed by high prices and low wage growth, and prepare for an uncertain year of global trade in the nation’s budget this week. Finance Minister Nirmala Sitharaman will present the budget for the next fiscal year on Feb. […]

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More Indians losing hope of improved quality of life under Modi, survey shows

More Indians are becoming less hopeful about their quality of life as stagnant wages and higher living costs cloud future prospects, a survey showed, in disappointing news for Prime Minister Narendra Modi ahead of this week’s annual budget. More than 37% of respondents in a pre-budget survey said they expect the overall quality of life […]

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India’s Adani Power posts smaller Q3 core profit as demand drops; to raise 50 bln rupees

India’s Adani Power (ADAN.NS), opens new tab posted a smaller quarterly core profit on Wednesday due to a sharp drop in power demand and the thermal power producer also said it would raise 50 billion rupees ($578 million) by selling shares to institutional investors. The company, part of billionaire Gautam Adani-led Adani Group, said besides […]

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Industrial Output of Mongolia Increased by MNT 1.5 Trillion in 2024

According to the preliminary results, the total production of the mining and extractive sector of Mongolia reached MNT 22.8 trillion in 2024, an increase of MNT 1.2 trillion compared to 2023. Specifically: The production of bituminous coal and lignite increased by MNT 834.7 billion, The production of metal ore increased by MNT 509.1 trillion, or […]

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Uzbekistan to impose import duty on number of drugs

President signed Measures to accelerate the development of the pharmaceutical industry Decree introducing import duties on certain types of medicines Tuesday. The Decree has amended the June 29, 2018 Resolution, which had set customs duties for imported goods. In particular, if for goods under 3004 HS code, the duty was at 0%, now it will […]

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Concerns Grow Over Rising Poverty Amid Aid Agency Closures

The shutdown of 50 aid organizations, alongside the suspension of humanitarian assistance in recent days, has raised serious concerns in the country. Some experts warn that if the operations of aid organizations are permanently halted, the poverty crisis in Afghanistan will worsen. They also believe that continuing such decisions is a complete violation of human […]

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Current policy rate sufficient to bring inflation back to 5% target: CBSL

In line with widespread expectations, the Central Bank kept its Overnight Policy Rate (OPR) — its new key policy rate — at 8.00 percent at its first policy meeting of the year. This decision was made with confidence that inflation will return to the medium-term target of 5 percent by the third quarter of this […]

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Honda boosting investment in three Ohio auto plants by $300 million

Honda Motor (7267.T), opens new tab said on Wednesday it will boost its investments in three Ohio auto plants by $300 million to have flexibility to build EVs, hybrids and gas-powered vehicles on the same assembly line. The Japanese automaker in 2022 had announced plans to invest $700 million in three plants but is now […]

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India to ditch privatisation plans, pour billions in state-run firms, sources say

Indian Prime Minister Narendra Modi is pouring billions into ailing state-run firms after slowing ambitious divestment plans that were intended to reduce the role of the state in business, according to government sources and a document reviewed by Reuters. Less than a month into 2025, New Delhi has plans to invest about $1.5 billion in […]

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