Indonesia blocked the sales of iPhone 16 domestically a week ago also for not meeting local content rules. Indonesia said it has banned sales of smartphones made by Alphabet’s (GOOGL.O) Google due to rules requiring the use of locally manufactured components, days after blocking sales of tech giant Apple’s (AAPL.O) iPhone 16 for the same […]
Read MoreThe budget, totalling about 607.4 billion shekels ($162 billion), includes a nine billion shekel package to support reserve soldiers. Israel’s cabinet on Friday approved a 2025 national budget, a wartime financial package that far-right Finance Minister Bezalel Smotrich said supported the country’s ongoing wars and encouraged economic growth. For more than a year, Israel has […]
Read MoreNepal received foreign investment commitments totalling Rs3.45 billion in the third month of the current fiscal year (September-October), the Department of Industry said. Among these, Rs150 million were pledged for 21 industries through the automatic approval route, a system introduced following the Third Nepal Investment Summit in April. An additional Rs3.3 billion in pledges was […]
Read MoreBut the central bank projected inflation to move around its 2% target in coming years, stressing its resolve to keep hiking borrowing costs if the economy sustains a moderate recovery. The Bank of Japan maintained ultra-low interest rates on Thursday and signalled the need to scrutinise global economic developments, highlighting its focus on risks to […]
Read MoreUzbekistan’s draft state budget for 2025, now open for public review, reveals plans to focus on economic growth, infrastructure, and social sector enhancements. The budget anticipates a 6% GDP growth rate alongside an inflation rate hovering around 7%, with the state aiming to maintain the budget deficit at 49.3 trillion UZS, or 3% of GDP. […]
Read MoreDifferent countries in the world are trying to establish dominance by sending astronauts into space. So far, America and Russia have had several successes in this regard. However, the Asian country China is also trying to reach a milestone. A Chinese spacecraft carrying three astronauts went into space on Wednesday after a journey of more […]
Read MoreA Resident Foreign Currency Deposit (RFCD) account is a savings account that allows Bangladeshi residents to manage and access foreign currency. Banks will no longer be required to adhere to the Secured Overnight Financing Rate (SOFR) caps when setting interest rates on Resident Foreign Currency Deposits (RFCDs). Instead, banks will be allowed to determine interest […]
Read MoreThe International Monetary Fund has lowered its inflation forecast for Pakistan for the current year by 3.2 percentage points to 9.5%, the country’s finance minister said on Thursday. The IMF’s revised projection bring it closer to Pakistan’s own projections, Finance Minister Muhammad Aurangzeb said. He said there was no need to introduce a mid-year budget, […]
Read MoreFinance Minister Moosa Zameer on Thursday presented a projected state budget of MVR 56.6 billion for next year. The total budget for this year is MVR 55 billion, with the MVR 5.1 billion supplementary budget approved earlier this week. This means next year’s projected budget is higher than this year’s by MVR 1.6 billion. The […]
Read MoreQuick commerce has reshaped how Indians shop as Zomato, SoftBank-backed Swiggy and Zepto now promise deliveries from their neighbourhood warehouses within 10 minutes, even beating Amazon. Asia’s richest man Mukesh Ambani is mimicking the strategy of popular Indian grocery startups to drastically change how his retail empire operates: from home deliveries that can take a […]
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