Uzbekistan, China Boost Oil and Gas Drilling Cooperation

Abdugani Sanginov, Chairman of the Management Board of Uzbekneftegaz company, has held talks with Li Xicheng, Deputy General Director of SIBU, as part of efforts to deepen bilateral cooperation in the oil and gas sector. During the meeting, the sides reviewed current areas of collaboration and discussed the potential use of SIBU’s modern drilling facilities […]

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Why does Elon Musk want to put AI data centres in space?

A proposed merger between Elon Musk’s SpaceX and xAI, reported exclusively by Reuters on Thursday (29 January), could give fresh momentum to Musk’s plan to launch satellite data centres into orbit as he battles for supremacy in the rapidly escalating AI race against tech giants like Alphabet’s Google, Meta and OpenAI. Here is what we […]

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Why India should tackle pollution more urgently than tariffs

By Biman Mukherji Remarks by a prominent economist about India’s air quality have raised a debate on whether New Delhi should prioritise tackling pollution over tariff talks, as the country continues to transition towards a green economy. Former International Monetary Fund chief economist Gita Gopinath made the comments at the recent World Economic Forum in […]

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Middle East Sports Investment Forum concludes 2nd day with financing announcements

RIYADH: The Middle East Sports Investment Forum, in partnership with the Ministry of Investment, the Ministry of Sports, and Sela Co., a subsidiary of the Public Investment Fund, and with the support of Invest in Saudi Arabia, concluded its second day at the Kingdom Arena with the announcement of a package of strategic investments and […]

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Türkiye’s Unemployment Rate Hits Historic Low of 7.7% in December

Türkiye’s Unemployment Rate Dropped to a Historic Low of 7.7% in December, According to Official Data Released by the Country’s Statistical Authority on Thursday. The rate was down 0.8 percentage points from November’s 8.5%, according to data by the Turkish Statistical Institute (TurkStat) and was the lowest rate since the records began in January 2005, […]

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Indonesia scrambles to halt US$80 billion market crash as rupiah hits record low

Reuters Indonesia is fighting to save its financial reputation after a disastrous two days saw stock prices plunge by 8 per cent. Authorities are racing to pass new rules to prevent a downgrade that has already scared investors into pulling billions of dollars out of the local market. The rout, which knocked off about US$80 […]

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Why South Korea’s Gen Z steer towards bus driving as job market shifts

The Korea Times At the training centre for KD Transport Group, South Korea’s largest bus operator, in Seongnam, Gyeonggi Province, boyish-looking men stood out among about 100 drivers gathered for safety training on January 20. According to the company, 47 of the 460 drivers at its Pangyo branch are in their 20s or 30s, accounting […]

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Bank Indonesia’s autonomy under scrutiny as Prabowo’s nephew joins leadership

By Resty Woro Yuniar The appointment of President Prabowo Subianto’s nephew to the leadership of Bank Indonesia (BI) has reignited debate over whether Southeast Asia’s largest economy can preserve the central bank’s independence – a question closely watched by foreign investors and currency markets. While some analysts warned that any perception the central bank could […]

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Pakistan’s Zardari meets UAE vice president, discusses increasing trade, investment cooperation

ISLAMABAD: Pakistan’s President Asif Ali Zardari met UAE Vice President Sheikh Mohammed bin Rashid Al Maktoum at Dubai’s Zabeel Palace on Wednesday, Zardari’s office said, during which the two sides discussed ways to expand trade, investment and economic cooperation. Zardari arrived in the UAE on Monday with a high-level delegation for a four-day official visit […]

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Kazakhstan, China Seal Deal on Major Green Energy Projects

Kazakhstan has taken a major step toward expanding its green energy portfolio, as MPs approved a draft law ratifying an agreement with China on the implementation of large-scale renewable energy projects. Presenting the document, Energy Minister Yerlan Akkenzhenov said the agreement was signed on November 12, 2024, on the sidelines of the COP29 Climate Forum, […]

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