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Elon Musk received praise from Congressional Republicans during Trump's address for his role in the newly established Department of Government Efficiency (DOGE), which aims to cut federal spending. However, over three dozen Democratic lawmakers have called for Musk's dismissal, alleging that the Trump administration illegally fired officials investigating his companies, impacting multiple federal agencies involved in ongoing investigations.
During MWC25 in Barcelona, Huawei and GSMA Intelligence unveiled a report highlighting the transformative role of Super Apps in driving digital financial inclusion. These platforms offer multi-functional services, enhancing user engagement and providing diverse financial solutions, particularly in emerging markets. The report emphasizes the importance of robust scalability and security for integrating services, exemplified by KBZ Bank's successful KBZPay Super App, which serves millions of users and merchants.
Thailand's Tourism Authority has partnered with Baidu to enhance its appeal to Chinese tourists amid safety concerns, particularly following the disappearance of actor Wang Xing. The initiative, launched on February 27, aims to leverage digital marketing and AI insights to boost tourist confidence and attract high-quality visitors through 2025. In 2024, Thailand welcomed 6.73 million Chinese tourists, with a goal of restoring pre-pandemic levels of 40 million foreign arrivals by the end of 2025, as tourism significantly contributes to the nation's economy.
Starlink, owned by Elon Musk, is reportedly being used by scam compounds in Myanmar, where around 120,000 trafficking victims are forced to commit online fraud. Despite being banned in the country, data shows extensive Starlink usage at these sites, raising concerns about its role in facilitating modern slavery and organized crime. Efforts to address this issue have been met with silence from SpaceX, even as officials call for collaboration to shut down these operations.
The BRICS bloc, comprising Brazil, Russia, India, China, and South Africa, is set to expand in 2025, with over 20 countries expressing interest in joining, driven by a desire for de-dollarization and a shift in global economic dynamics. U.S. President-elect Donald Trump has threatened 100% tariffs on nations supporting a BRICS currency, emphasizing the need to maintain the dominance of the U.S. dollar. The bloc aims to integrate nations that align with its vision, reflecting its growing influence in international affairs.
In 2024, global crypto adoption surged, with Bitcoin reaching an all-time high of $108,268, and the market capitalization increasing by 124%. Institutional interest grew, with over $2.4 billion in venture capital investments, while regulatory frameworks like MiCA began reshaping the landscape. However, the year also saw a rise in crypto thefts, totaling $2.2 billion, highlighting ongoing security challenges.
Sohan Lal Commodity Management (SLCM) has partnered with Bank of Baroda to enhance agricultural financing through collateral management services, enabling farmers to secure credit against their crops. With over 17,000 warehouses and 36 cold storage facilities across 19 states, SLCM reported a 73% increase in assets under management, reaching Rs 11,952 crore in the first half of fiscal 2024-25. The company"s Agri Reach technology aims to reduce default risk and improve financial access within the agricultural sector.
As geopolitical tensions rise and climate change impacts intensify, companies are reevaluating their supply chains, balancing efficiency with resilience. The shift towards deglobalization and protectionism is prompting a reconsideration of production locations, yet many still rely on increased inventory rather than diversifying sites. This evolving landscape highlights the critical interplay between sustainability, labor dynamics, and corporate strategy.
Chinese Premier Li Qiang met with Myanmar's junta chief Min Aung Hlaing, expressing support for Myanmar's government amid escalating civil conflict. Li emphasized China's commitment to assist in political reconciliation and development, including collaboration on economic projects under the Belt and Road initiative.
Indians lost Rs 120.30 crore to 'digital arrest' scams from January to April 2024, with 46% of cyber frauds traced back to Myanmar, Laos, and Cambodia. During this period, a total of 7.4 lakh complaints were filed, contributing to an estimated Rs 1,776 crore in losses across various scams.
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Trump praises Elon Musk for government spending cuts amid Democratic backlash
04:56 05.03.2025
super apps revolutionize digital financial inclusion and enhance user engagement
14:38 03.03.2025
Thailand and Baidu collaborate to restore Chinese tourist confidence
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starlink technology aids human trafficking operations in southeast asia
12:30 27.02.2025
brics bloc attracts global interest as 23 countries seek membership expansion
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