Sources exclusively revealed to Reuters that Ethiopia is in talks with the International Monetary Fund (IMF) to borrow at least $2 billion under a reform program. While the IMF is still evaluating the country’s debt sustainability, an initial analysis calculated that Ethiopia is set to face a financing gap of at least $6 billion until...
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As China and the U.S. redefine geopolitics, Europe faces a win-win situation
European officials have preferred to take a softer approach to Beijing than that of the Biden administration.
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This Singaporean couple runs a side business preserving dead animals — and it’s bringing in 5 figures a month
“Serving animals, whether alive or the dead, is very meaningful to me … Through taxidermy, I help [pet owners] with their grieving,” said Vivian Tham.
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China’s gambling hub opens $2 billion resort with a giant copy of London’s Big Ben
Macao — often referred to as the Las Vegas of Asia — has added yet another luxury casino resort to the Cotai Strip. And this time it’s a British-themed one.
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Turkey’s runoff election is paralyzing key oil exports from northern Iraq
The Turkish port of Ceyhan typically ships out exports of Iraq’s northern Kirkuk crude oil.
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May 26, 2023May 26, 2023Finance
JPMorgan is developing a ChatGPT-like A.I. service that gives investment advice
Banks including Goldman Sachs and Morgan Stanley are testing A.I. internally, but JPMorgan may be the first to release a GPT-like product directly to customers.
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May 26, 2023May 26, 2023Technology
TikTok Shop, a rising threat to Shopee and Lazada in Southeast Asia
TikTok Shop poses a threat to e-commerce players such as Shopee and Lazada in Southeast Asia as it pushes aggressively into the region.
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Milk prices in the world’s dairy powerhouse India have spiked 15%
India is facing an increase in milk prices on the back of higher feed costs, an increase in demand for sweets, and a contagious cattle disease.
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May 26, 2023May 26, 2023Worldwide
As China and the U.S. redefine geopolitics, Europe faces a win-win situation
European officials have preferred to take a softer approach to Beijing than that of the Biden administration.
Post
May 26, 2023May 26, 2023Finance
‘Price bubble’ in A.I. stocks will wreck rally, economist David Rosenberg predicts
Long-time bear David Rosenberg warns the artificial intelligence boom could collapse like late 1990s dot-com stocks.