BUSINESS
US, India's absence in regional trade deals will make China to up its role in trade
"While APAC trade has flourished under the auspices of a rules-based international order, the inception of major regional trade agreements and the absence of the US and India from these accords will increase China's centrality to regional trade," Moody's said.
US, India's absence in regional trade deals will make China to up its role in trade
"While APAC trade has flourished under the auspices of a rules-based international order, the inception of major regional trade agreements and the absence of the US and India from these accords will increase China's centrality to regional trade," Moody's said.
ChatGPT demand on Google hits a record high, China takes top interest
Social media giant Tencent opted to remove ChatGPT-related programmes from the WeChat platform. It's worth mentioning that ChatGPT has yet to be officially available in the country. According to data acquired by Finbold, global Google searches for the word aChatGPT' have spiked to hit a popularity score of 92.
Geographical diversification of semiconductor chip manufacturing to happen: Moody's
"Given the substantial investments required and the potential economic concerns for Taiwan, if it were to move a large portion of high-end manufacturing capacity offshore, we do not expect this process to happen swiftly. Still, any disruption to the supply of semiconductors from Taiwan will have effects beyond Asia-Pacific," Moody's Managing Director Michael Taylor said.
Italy ended 2022 with record-high inflation rate
For the year as a whole, prices were an average of 8.1 per cent higher than a year earlier, the highest level in Italy since the introduction of the euro currency in 1999, reports Xinhua news agency. In 2021, the year-on-year increase was just 1.9 per cent.
Higher premium, underwriting discipline by PSUs will ease profitability pressure on Indian insurers: Moody's
According to Moody's, the pressure on profitability of Indian insurers is due to rising claims and reinsurance costs. In a report, Moody's said the Indian insurance industry's growth prospects are favorable, underpinned by an expected seven per cent expansion of gross domestic product
Global smartphone shipments fall 17% in Q4: Report
Despite shrinking demand and manufacturing issues in China's Zhengzhou, Apple reclaimed the top spot in Q4 and achieved its highest quarterly market share ever at 25 per cent, according to market research firm Canalys. Samsung finished the quarter second with a 20 per cent market share but was the largest vendor for the full year.
India IT spending to reach $110.3 bn in 2023 amid global slowdown
Globally, IT spending is projected to total $4.5 trillion in 2023, an increase of 2.4 per cent from 2022 -- down from the previous quarter's forecast of 5.1 per cent growth, according to the latest forecast by Gartner. While inflation continues to erode consumer purchasing power and drive device spending down, overall enterprise IT spending is expected to remain strong.
Delhi HC asks Ashneer Grover to file undertaking in suit filed by BharatPe's co-founder Bhavik Koladiya
To that, Grover informed that subject to further directions from the court, he will not make any third party interest in the 16,110 shares that Koladiya transferred to him and in any rights that accrue to him as a consequence thereof.
Sundram Fasteners to invest Rs 200 crore to cater to $250 mn export order
According to Sundram Fasteners, the company has been awarded $250 million contract by a leading global automobile maker to supply shaft sub-assemblies and drive gear sub-assemblies for its EV platform. The city based Sundram Fasteners said it plans to invest Rs 200 crore to support the new orders under the six-year
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