SINGAPORE – Media OutReach Newswire – 29 July 2024 – Organizations are rapidly embracing generative AI, spurred by an uptick in investment and the value of this transformative technology. It has permeated across sectors and various functions within organizations, driving a shift in operations and business models. That’s according to the Capgemini Research Institute’s latest report, “Harnessing the value of generative AI […]
Day: July 29, 2024
تصور شرق أوسط أكثر اخضرارًا مع مركبات VinFast الكهربائية
هانوي، فيتنام – Media OutReach Newswire– 29 يوليو 2024 –منطقة الشرق الأوسط المرتبطة تقليديًا باحتياطيات النفط الضخمة والاقتصاد كثيف الكربون تشهد حاليًا تغيرًا ملحوظًا حيث إن هناك تصورًا جديدًا للاستدامة البيئية والتنويع الاقتصادي، وتؤدي شركات مثل VinFast دورًا رئيسيًا في دفع هذا التغير. يتجلى هذا التغير في تزايد الاهتمام بالمركبات الكهربائية في جميع أنحاء المنطقة […]
Swedish economy shrinks 0.8% on quarterly basis as monthly retail sales down in June
ISTANBUL: Sweden’s gross domestic product (GDP) contracted 0.8% in the second quarter of the year compared to the quarter before, according to the country’s statistical authority on Monday.
On a monthly basis, Sweden’s GDP climbed 0.9% in June, in li…
Ireland’s annual GDP down 1.4% in Q2, preliminary figures show
ISTANBUL: Ireland’s gross domestic product (GDP) declined 1.4% in the second quarter of the year compared to the same quarter last year, according to preliminary figures.
The Irish Central Statistics Office (CSO) said on Monday that the results of th…
US Federal Reserve expected to make 2 rate cuts this year: Fitch
ISTANBUL: The US Federal Reserve is expected to make two interest rate cuts this year, according to Fitch Ratings on Monday.
The rating agency said it now expects a slightly slower pace of rate cuts from the Fed this year, compared to its expectation…
Oil up over fears of widening conflict in oil-rich Middle East
ISTANBUL: Oil prices increased on Monday over fears of a widening conflict in the oil-rich Middle East.
International benchmark Brent crude traded at $80.67 per barrel at 09.51 a.m. local time (0651 GMT), an increase of 0.49% from the closing price o…
Fitch upgrades Pakistan’s rating to CCC+
ISTANBUL: Fitch Ratings said Monday it upgraded Pakistan’s long-term foreign currency issuer default rating to CCC+ from CCC.
The rating agency said the upgrade reflects the country’s greater certainty over continued availability of external funding….
Trkiye aims to increase its share to 1.5% in global FDI flows by 2028
ISTANBUL: Trkiye revealed its foreign direct investment (FDI) strategy for the 2024-2028 period for outlining the general framework of the country’s policies and guiding the practices in the field.
The main goal of the strategy, revealed via a docume…
Trkiye’s automotive supply sector exports $7.2B of sub-industry products in H1
BURSA: Trkiye exported $7.2 billion worth of automotive supply industry products in the first half of the year, up 1.1% compared to the same period last year.
Subsidiary industry products accounted for 40.9% of total automotive exports with $17.7 bil…
Ethiopia clinches deal with IMF for $3.4B in financing
ADDIS ABABA: Ethiopia has secured an agreement with the International Monetary Fund (IMF) for a new financing program valued around $3.4 billion, the IMF announced Monday.
The new four-year loan program will help support the country’s economic reform…