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Thailand Poised to Benefit from U.S.China Trade War, Says Commerce Minister

According to Commerce Minister Pichai Naripthaphan, a possible trade war between the United States and China might benefit Thailands economy. Thai ite

According to Commerce Minister Pichai Naripthaphan, a possible trade war between the United States and China might benefit Thailands economy. Thai items are set to replace Chinese imports amid a trade conflict, increasing Thailands exports to the United States. Pichai highlighted Thailands close ties between China and the United States, enabling the nation to maintain neutrality. To indicate the possibility of more U.S. investment, he also emphasised intentions by American businesses such as Seagate and Western Digital to extend their operations in Thailand. Pichai emphasised Thailands vital position in the current dynamics of global commerce while expressing confidence for more economic cooperation. Read More..

B2B Tech News | 2 months ago        

South Korea Warns of Increased U.S. Tariffs, Plans to Boost Investments to Offset Impact

Cheong Inkyo, South Koreas trade minister, warned that further U.S. tariffs under a second Trump administration may force South Korean businesses to b

Cheong Inkyo, South Koreas trade minister, warned that further U.S. tariffs under a second Trump administration may force South Korean businesses to boost their U.S. investments to counteract the effects. Higher tariffs, Cheong said, might speed up onsite production and direct investment, particularly in the automobile industry, which is already seeing investments from the United States. With a 200% tax on some imported autos and a 10%–20% blanket duty on imports, Trumps planned tariffs may cost South Koreas economy up to $44.8 billion in export revenue, mostly hurting automakers. Though its economic relations with the U.S. are anticipated to be steady despite possible changes, South Korea is willing to participate in trade diplomacy in response. Read More..

B2B Tech News | 2 months ago        

MSCI Adds Five Indian Companies to Global Standard Index, Boosting Indias Weightage to 19.8%

China now carries a 26.8% weight on the MSCI Global Standard Index, but with the recent inclusion of five Indian businesses, the countrys weight will

China now carries a 26.8% weight on the MSCI Global Standard Index, but with the recent inclusion of five Indian businesses, the countrys weight will increase to a record 19.8% from 19.3%. The index now has 156 Indian stocks overall, thanks to the addition of Voltas, Oberoi Realty, BSE, Kalyan Jewellers, and Alkem Laboratories. This change suggests that more Indian stocks may be included, even though they comprise a quarter of Chinas 598 stocks. The adjustment, which takes effect after markets close on November 25, is anticipated to draw $2.5 billion in passive inflows into Indias equities markets. HDFC Bank, the highestweighted Indian company at 7.08%, also witnessed an uptick in weighting in the MSCI rebalance. Read More..

B2B Tech News | 2 months ago        

India and UAE Strengthen Cooperation to Combat Money Laundering via Virtual Digital Assets

Indias Financial Intelligence Units FIUs finalised an agreement this week with the United Arab Emirates, strengthening their partnership to fight the

Indias Financial Intelligence Units FIUs finalised an agreement this week with the United Arab Emirates, strengthening their partnership to fight the exploitation of virtual digital assets VDAs for terrorist funding and money laundering. The two countries recognised the growing risk of illegal activity in the VDA sector due to mounting evidence of abuse. The FIU of India, which has been actively regulating the industry since late 2023, will impart its knowledge to the UAE, whose cryptocurrency market is expanding quickly and is worth $2.48 trillion. Key topics covered by both FIUs included publicprivate collaborations and IT systems for preventing money laundering and terrorism funding. With legislative frameworks rapidly changing in places like India and the United Arab Emirates, this endeavour coincides with increased worldwide scrutiny of cryptocurrency transactions. Read More..

B2B Tech News | 2 months ago        

Chinese Official Li Xi Arrives in Nairobi for Key Bilateral Talks with Kenyan President William Ruto

Kenyan President William Ruto greeted Li Xi, a senior Chinese official, as he arrived in Nairobi, Kenya, on Monday for bilateral talks. During the mee

Kenyan President William Ruto greeted Li Xi, a senior Chinese official, as he arrived in Nairobi, Kenya, on Monday for bilateral talks. During the meeting, Ruto reaffirmed Kenyas support for the "One China" policy and the countrys commitment to deepening its strategic engagement with China. Ruto asked China to back Kenyas ambition to join the BRICS group of rising economies, and the two countries are working together on several economic initiatives in Kenya. The BRICS group accounts for approximately 28% of the world economy, which now consists of countries like Brazil, Russia, India, China, South Africa, Egypt, and Ethiopia. Read More..

B2B Tech News | 2 months ago        

UK Foreign Secretary David Lammy Signs Trade and Defense Agreements with South Africa

David Lammy, the foreign secretary of the United Kingdom, and Ronald Lamola, the foreign secretary of South Africa, recently signed bilateral agreemen

David Lammy, the foreign secretary of the United Kingdom, and Ronald Lamola, the foreign secretary of South Africa, recently signed bilateral agreements in Cape Town that aimed to improve the two nations defence and commerce ties. Lammy emphasised this point in an attempt to determine whether other permanent members, particularly China and Russia, share the UKs historic support for African representation on the U.N. Security Council. Lamola recognised the "close bonds of friendship" between South Africa and the United Kingdom. Still, he pointed out that there is room for progress in these areas since commerce and investment have somewhat stalled due to the epidemic. Read More..

B2B Tech News | 2 months ago        

JSW Steel and POSCO to Invest $7.73 Billion in Odisha’s New Steel Plant to Meet Rising Demand

To take advantage of Indias growing steel demand, JSW Steel of India and POSCO of South Korea intend to spend 650 billion rupees on a combined integra

To take advantage of Indias growing steel demand, JSW Steel of India and POSCO of South Korea intend to spend 650 billion rupees on a combined integrated steel facility in Odisha. After an initial expenditure of 200 billion rupees, the plants first phase is anticipated to be finished by next year, with a capacity of 5 million metric tonnes annually. The firms intend to boost output to 18 million metric tonnes over the following three years. This action aligns with Indias rising steel demand, fuelled by its fast economic expansion and infrastructural construction, including a $12 billion government plan to expand its airport. The new facility will manufacture hotrolled, coldrolled, and galvanised steel to support Indias growing manufacturing and construction industries. Read More..

B2B Tech News | 2 months ago        

Meta Fined $15.67 Million by South Korea for Illegally Collecting Sensitive User Data

The data protection regulator in South Korea has fined Meta Platforms 21.62 billion won $15.67 million for unlawfully gathering and disclosing private

The data protection regulator in South Korea has fined Meta Platforms 21.62 billion won $15.67 million for unlawfully gathering and disclosing private user information to marketers. Without the users agreement, the American internet giant collected personal information about religion, political beliefs, and sexual orientation from around 980,000 South Korean Facebook members. Roughly 4,000 marketers utilised this data to create customised adverts. Meta classified individuals according to sensitive characteristics, such as labelling them as LGBTQ+ or North Korean defectors, the inquiry also found. Meta also failed to stop a data breach that revealed the personal information of ten South Koreans and declined user requests to retrieve their data. Read More..

B2B Tech News | 2 months ago        



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