Country Financial News

(Reuters) -Advanced Micro Devices hit a U.S. government roadblock in its efforts to sell an artificial intelligence chip tailored for the Chinese market, as part of Washington's crackdown on the export of advanced technologies to the country, Bloomberg News reported on Monday.

Investing.com-- Oil prices moved little in Asian trade on Tuesday, nursing some losses from the prior session and seeing little support as top importer China presented a middling economic growth forecast for 2024.

China will on Tuesday set a goal of five percent gross domestic product growth for the year, an official copy of a government work report seen by AFP showed, one of its lowest in decades and in line with last year. The GDP target is set to be officially unveiled later in the day at a meeting of the National People's Congress, China's parliament.

Li Qiang has announced that China's economic growth target for this year is around 5%, in line with last year's performance despite forecasts for a slowdown. The ruling Communist Party has said it is prioritizing efforts to encourage consumer spending to help drive the economy. Last year, the economy grew at a 5.2% pace, but that was after a very slow 3% annual growth rate in 2022, when the country was enduring the worst disruptions from the COVID-19 pandemic.

NEW DELHI : The Centre is planning to create a new system to identify and contain the flood of counterfeit goods in the retail market, two people aware of the development said. The surveillance system will ensure that every good sold in the retail market meets the standards for which a licence was issued, and also that only authorized products are manufactured, the people added. If deviations are noticed, manufacturers’ licences may be cancelled, and they may also have to pay hefty penalties.

right to abortion in its constitution, a historic move heavily criticized by anti-abortion groups. Senators and MPs supported the move by 780 votes against 72 in a special joint vote of the two houses of parliament. Monday's vote enshrined in Article 34 of the French constitution that "the law determines the conditions in which a woman has the guaranteed freedom to have recourse to an abortion".

Apps like Shaadi.com and BharatMatrimony.com were delisted by Google on Friday since they did not adhere to the tech giant’s billing policies. By Monday, these apps were restored on Google Play Store, but without their in-app payment options.

measles continues its slow spread across communities in the country, health officials are urging Canadians to stay vigilant and keep their vaccinations up-to-date.Speaking at a media conference on Monday, Health Minister Mark Holland said he is “deeply concerned” with the global measles outbreak and its potential impact on Canada.“We’re seeing a lot of illness that was almost rendered non-existent, starting to come back because of vaccine hesitancy,” Holland told reporters. “We have to depoliticize health information.

By Hyunjoo Jin

MEXICO CITY (Reuters) — Mexico's inflation rate likely eased in February, a Reuters poll showed on Monday, reinforcing bets that the country's central bank could lower its key benchmark interest rate as soon as this month.

By Laura Sanicola

Investing.com-- Gold prices swelled to settle at an all-time high on Monday, underpinned by ongoing geopolitical tensions and bets on a Fed rate cuts ahead of testimony from Federal Reserve chairman Jerome Powell later this week. 

Canada treats its aviation industry as a cash cow, when it should be considered an essential service, says an airline expert.

Mining giant Rio Tinto Ltd. “would love” to produce lithium in Canada, given the right project, says chief executive Jakob Stausholm.

₹4 trillion. To put it in context, that is around 8% of the budget’s total expenditure, second only to defence in its non-interest expenditure pie. Add to it separate outlays from state governments—state-level top-ups for minimum support prices (MSPs), power subsidies, etc—and the amount is likely to go up substantially.

Technological innovations are not merely about efficiency or progress but are deeply intertwined with the dynamics of power and control. Few discussions are as thought-provoking as those on the politics embedded within technological artefacts. An intricate dance is observable between tech advancements and their socio-political ramifications.

engagement of apprentices across establishments in industrial clusters. The skill development and entrepreneurship ministry is finalising the process of selecting industry clusters across the identified states and handholding them through financial aid as well as infrastructure creation to help them participate in a formal apprenticeship system, said a senior government official. «Top officials of the Ministry of Skill Development and Entrepreneurship held the first meeting with industrial clusters in Gujarat, Delhi and Haryana to nudge micro, small and medium enterprises to engage more apprentices as the country aims to fast-track creation of a skilled workforce,» said the official, who did not wish to be identified.

Taiwan Foreign ministry on Monday said that the Taiwan will welcome any Indian worker who meets conditions for recruitment and satisfies industry demand, regardless of their ethnic background. Following the signing of an MOU on labour force cooperation between the two countries on February 16, the ministry stated that the qualified workers will be treated fairly. «Taiwan will welcome any Indian worker who meets conditions for recruitment and satisfies industry demand, regardless of their ethnic background. Qualified workers will be treated fairly and accorded due protection under Taiwanese law,» the statement said.

NEW DELHI : India is in talks with several countries including Guyana, Suriname and Namibia to source crude oil at a time when the Organization of the Petroleum Exporting Countries and its allies have decided to extend their production cuts. India will also source oil from Venezuela in lieu of stuck dividends worth $600 million, Union minister for petroleum and natural gas, Hardeep Singh Puri, said on Monday. The country will comfortably navigate through any market volatility and supply crunch arising as a result of the OPEC cuts, he added.

monitoring earthquake activity, the Jammu and Kashmir earthquake had a depth of 10 kilometers, and its shockwaves were felt across the region. “Earthquake of Magnitude: 3.2, Occurred on 04-03-2024, 21:08:39 IST, Lat: 33.02 & Long: 75.84, Depth: 10 Km, Location: Doda, Jammu and Kashmir, India," the National Centre for Seismology (NCS) said in a post on X.

China on Monday signed a defence cooperation agreement with the Maldives to provide free military assistance to foster «stronger» bilateral ties with Male, weeks after President Mohamed Muizzu set a deadline for the withdrawal of the first group of Indian military personnel from his island nation. The Defence Minister of the Maldives Mohamed Ghassan Maumoon met with Major General Zhang Baoqun, Deputy Director of the Office for International Military Cooperation of China, to discuss enhancing defence cooperation between the two countries. Maumoon and Major General Baoqun «signed an agreement on China's provision of military assistance gratis to the Republic of Maldives, fostering stronger bilateral ties,» the Maldivian defence ministry posted on its X handle. The details of the defence cooperation agreement were not provided.