Browsing: Business

Bank of Korea confirms South Korea’s economy grew 2 percent in 2024, showing resilience amid global challenges and steady GDP recovery.

Amazon-backed Anthropic’s valuation soars to $61.5B after a $3.5B funding round, reinforcing its AI dominance.

US Treasury Secretary Scott Bessent’s absence at G20 fuels fears of an American retreat from the IMF and World Bank, raising concerns over global financial stability.

The World Bank reaffirms confidence in India’s economic growth, citing strong resilience, investment appeal, and progressive policies that drive the country’s global economic leadership.

Japan’s digital trade deficit hit a record $43 billion in 2024, driven by heavy reliance on US tech services like cloud, online ads, and licensing, according to Finance Ministry data.

UK inflation surged to 3% in January, surpassing forecasts, with rising transport and food costs fueling the increase, according to the Office for National Statistics.

Tesla is hiring in India, listing 13 job openings, signaling plans for market entry. This follows a meeting between Elon Musk and Indian Prime Minister Narendra Modi.

European markets surged as defense and banking stocks drove the STOXX 600 to a record high, fueled by military spending growth and easing trade tensions.

Modi and Trump advance trade talks aiming for a $500B partnership by 2030, focusing on tariffs, energy, defense, and AI, with Musk exploring Tesla and Starlink expansion in India.

Sony raised its full-year forecast after strong PlayStation 5 sales lifted revenue and profits in the December quarter, surpassing analyst expectations and driving an 18% growth.