Tag #Economic Diversification

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bbc.com

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Feb 25, 10:09

UAE's Ambitious AI Strategy: Economic Diversification and Geopolitical Balancing Act

The UAE is investing billions in AI to become a global leader by 2031, diversifying its economy and bolstering national security, but faces challenges balancing US and China relations in this competitive landscape.

UAE's Ambitious AI Strategy: Economic Diversification and Geopolitical Balancing Act

The UAE is investing billions in AI to become a global leader by 2031, diversifying its economy and bolstering national security, but faces challenges balancing US and China relations in this competitive landscape.

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Industry, Innovation, and Infrastructure

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What are the UAE's primary objectives in its ambitious pursuit of AI leadership, and what specific economic and geopolitical implications does this pursuit hold?

The UAE is investing heavily in AI, aiming to become a global leader by 2031. This involves billions of dollars in research funding and infrastructure development, including a massive new data center in Europe. Recent investments include a $1.5 billion strategic investment from Microsoft in G42, a UAE-based AI company.

theglobeandmail.com

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Feb 21, 07:08

Nova Scotia Aims to Boost Interprovincial Trade to Counter U.S. Tariff Threats

Nova Scotia Premier Tim Houston announced legislation to ease interprovincial trade and labor mobility by allowing goods and service providers from other provinces to operate within Nova Scotia, provided those provinces have similar legislation, as a means of reducing Canada's economic reliance on t...

Nova Scotia Aims to Boost Interprovincial Trade to Counter U.S. Tariff Threats

Nova Scotia Premier Tim Houston announced legislation to ease interprovincial trade and labor mobility by allowing goods and service providers from other provinces to operate within Nova Scotia, provided those provinces have similar legislation, as a means of reducing Canada's economic reliance on t...

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Decent Work and Economic Growth

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How does this initiative address concerns about Canada's economic dependence on the United States?

This initiative addresses Canada's vulnerability to U.S. tariffs by boosting internal trade. A 2019 IMF paper showed Canada's internal trade barriers were equivalent to a 21 percent tariff in 2015, significantly higher than those with the U.S. The Nova Scotia plan directly counters this by promoting mutual recognition of regulations.

forbes.com

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Feb 6, 19:08

SVC's $1 Billion Investment Drives Saudi Arabia's VC Leadership in MENA

The Saudi Venture Capital Co. (SVC) invested $1 billion since 2018, boosting Saudi Arabia to the top spot in MENA VC investments in 2024 with $750 million (40% of the regional total) and 178 deals, a 16% increase, while supporting Saudi Vision 2030's economic diversification.

SVC's $1 Billion Investment Drives Saudi Arabia's VC Leadership in MENA

The Saudi Venture Capital Co. (SVC) invested $1 billion since 2018, boosting Saudi Arabia to the top spot in MENA VC investments in 2024 with $750 million (40% of the regional total) and 178 deals, a 16% increase, while supporting Saudi Vision 2030's economic diversification.

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Decent Work and Economic Growth

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What is the impact of SVC's investments on Saudi Arabia's venture capital market and its standing in the MENA region?

Since its inception in 2018, the Saudi Venture Capital Co. (SVC) has invested $1 billion, contributing to Saudi Arabia's rise as the leading MENA destination for venture capital, securing $750 million (40% of the regional total) in 2024. This success is reflected in a 16% increase in deal flow, with 178 deals completed.

tr.euronews.com

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Jan 22, 01:08

EU Diversifies Trade to Counter US Tariff Threats

The EU is rapidly forging new trade deals with Mexico, Malaysia, India, Mercosur, and Switzerland to counteract potential US tariffs, seeking to diversify export markets and mitigate economic risks.

EU Diversifies Trade to Counter US Tariff Threats

The EU is rapidly forging new trade deals with Mexico, Malaysia, India, Mercosur, and Switzerland to counteract potential US tariffs, seeking to diversify export markets and mitigate economic risks.

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What immediate actions is the EU taking to address the potential threat of US tariffs on European goods?

The EU is actively diversifying its export markets, spurred by concerns over potential US tariffs. Recent agreements include updated trade deals with Mexico and Malaysia, and new negotiations with India, all following a major deal with Mercosur and Switzerland. This diversification aims to mitigate the impact of potential US tariffs, which could significantly harm EU exports.

mk.ru

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Jan 13, 16:11

National Regulators Explore Cryptocurrency Integration into State Finances

Driven by Bitcoin's 2024 price surge and macro-economic factors, national regulators are exploring diversifying state finances with cryptocurrencies, despite risks associated with volatility and uncertainty.

National Regulators Explore Cryptocurrency Integration into State Finances

Driven by Bitcoin's 2024 price surge and macro-economic factors, national regulators are exploring diversifying state finances with cryptocurrencies, despite risks associated with volatility and uncertainty.

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Reduced Inequality

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What are the main arguments for and against including Bitcoin in national reserves, considering both the potential benefits and risks?

Fidelity's report highlights the risks of not investing in Bitcoin given devaluing national currencies and growing budget deficits. While some countries, including potential proposals in the US and Russia, explore creating Bitcoin reserves, widespread adoption remains limited due to volatility and uncertainty surrounding future economic policies.

china.org.cn

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Dec 19, 13:11

Xi Jinping Praises Hengqin Cooperation Zone's Role in Macao's Economic Diversification

During a Thursday visit celebrating Macao's 25th anniversary, Chinese President Xi Jinping praised the Guangdong-Macao In-Depth Cooperation Zone in Hengqin for boosting Macao's economic diversification, urging better connectivity and market integration within the Greater Bay Area.

Xi Jinping Praises Hengqin Cooperation Zone's Role in Macao's Economic Diversification

During a Thursday visit celebrating Macao's 25th anniversary, Chinese President Xi Jinping praised the Guangdong-Macao In-Depth Cooperation Zone in Hengqin for boosting Macao's economic diversification, urging better connectivity and market integration within the Greater Bay Area.

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How does the Hengqin cooperation zone's development contribute to the broader goals of the Guangdong-Hong Kong-Macao Greater Bay Area?

Xi's visit, part of Macao's 25th anniversary celebrations, underscores China's commitment to supporting Macao's economic development. The Hengqin cooperation zone's progress in areas like traditional Chinese medicine and entrepreneurship demonstrates the initiative's success in creating opportunities for Macao residents, particularly young people. This aligns with China's broader strategy of integrating Hong Kong and Macao into the Greater Bay Area.

lemonde.fr

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Feb 24, 16:08

Niger Launches Industrial Copper Mining, Diversifying Production

The Nigerien government announced the start of industrial copper mining in the north, awarding a permit to Cominair SA for 2,700 annual tons over ten years, generating 300 jobs and €6 million in royalties, reflecting a policy of mining diversification and sovereignty.

Niger Launches Industrial Copper Mining, Diversifying Production

The Nigerien government announced the start of industrial copper mining in the north, awarding a permit to Cominair SA for 2,700 annual tons over ten years, generating 300 jobs and €6 million in royalties, reflecting a policy of mining diversification and sovereignty.

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What are the immediate economic and employment impacts of Niger's new industrial copper mining operation?

The Nigerien government announced the imminent launch of industrial copper mining in the northern desert region, aiming to diversify its mining production beyond uranium. A national company, Cominair SA, received a permit to extract 2,700 tons of copper annually for ten years, creating 300 direct jobs and generating approximately €6 million in mining royalties for the state.

spanish.china.org.cn

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Feb 10, 10:09

Former Coal Mining Area Transforms into Thriving Ski Resort

The Wujinshan Li Ning International Ski Resort in Shanxi, China, a former coal mining area, is thriving with high occupancy after the Spring Festival holiday, showcasing a successful economic and environmental transformation with nearly 250,000 visitors and $3 million in revenue during the 2023-2024...

Former Coal Mining Area Transforms into Thriving Ski Resort

The Wujinshan Li Ning International Ski Resort in Shanxi, China, a former coal mining area, is thriving with high occupancy after the Spring Festival holiday, showcasing a successful economic and environmental transformation with nearly 250,000 visitors and $3 million in revenue during the 2023-2024...

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Sustainable Cities and Communities

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What are the long-term implications of Jinzhong's investment in winter sports for sustainable economic growth and community development in the region?

The success of Wujinshan's transformation demonstrates the potential for post-industrial regions to successfully reinvent themselves. By leveraging its geography and investing in winter sports infrastructure, Jinzhong city has created a new economic engine, attracting nearly 250,000 visitors and generating $3 million in revenue during the 2023-2024 season. This model could be replicated in other areas facing similar post-industrial challenges.

theglobeandmail.com

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Feb 3, 22:11

Canada's Risky Retaliation: High Tariffs Escalate Trade War

The Trump administration's 25% tariffs on Canadian exports have prompted Canada to retaliate with its own tariffs on $155 billion worth of U.S. goods, escalating trade tensions and highlighting Canada's significant economic vulnerability.

Canada's Risky Retaliation: High Tariffs Escalate Trade War

The Trump administration's 25% tariffs on Canadian exports have prompted Canada to retaliate with its own tariffs on $155 billion worth of U.S. goods, escalating trade tensions and highlighting Canada's significant economic vulnerability.

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How does the differing reliance on trade between Canada and the U.S. affect the effectiveness and risks of retaliatory tariffs?

Canada's retaliatory tariffs, while politically appealing, are economically risky given its high dependence on U.S. trade. The U.S.'s lower dependence and the lack of a clear exit strategy for the tariffs increase the potential for prolonged harm to Canada. Statistics showing the U.S.'s reliance on Canadian markets are misleading due to differing trade-to-GDP ratios.

apnews.com

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Jan 18, 01:10

Mexico, EU Announce Revamped Trade Deal Amidst U.S. Tariff Threats

Mexico and the European Union announced a revamped trade agreement on Friday, aiming to increase trade and investment, and potentially mitigate the impact of threatened U.S. tariffs; the agreement reduces Mexican tariffs on European agri-food imports, removes investment barriers for European compani...

Mexico, EU Announce Revamped Trade Deal Amidst U.S. Tariff Threats

Mexico and the European Union announced a revamped trade agreement on Friday, aiming to increase trade and investment, and potentially mitigate the impact of threatened U.S. tariffs; the agreement reduces Mexican tariffs on European agri-food imports, removes investment barriers for European compani...

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What are the immediate economic implications of the new Mexico-EU trade agreement, given the threat of significant U.S. tariffs on Mexican goods?

Mexico and the European Union announced a revamped trade agreement to significantly boost trade and investment, aiming to mitigate potential losses from disrupted U.S.-Mexico trade due to threatened U.S. tariffs. The agreement reduces Mexican tariffs on European agri-food imports, eases investment barriers for European companies in Mexico, and promotes Mexican exports of raw materials.

europe.chinadaily.com.cn

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Jan 6, 07:08

China-Middle East Green Energy Partnership Drives Regional Transformation

China and the Middle East are rapidly expanding their green energy partnership, with major projects like the world's largest single-site solar plant in the UAE (2,100 megawatts), significant investments in electric vehicle production, and a sharp increase in Chinese EV market share across the region...

China-Middle East Green Energy Partnership Drives Regional Transformation

China and the Middle East are rapidly expanding their green energy partnership, with major projects like the world's largest single-site solar plant in the UAE (2,100 megawatts), significant investments in electric vehicle production, and a sharp increase in Chinese EV market share across the region...

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Affordable and Clean Energy

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How are specific projects and investments driving the adoption of renewable energy and electric vehicles in the Middle East?

This collaboration leverages China's renewable energy expertise with the Middle East's resources and economic diversification goals. Major projects, such as the NOOR solar farms in Morocco and the Ibri Solar Power project in Oman, showcase the scale of this partnership, alongside substantial investments in electric vehicle production in Saudi Arabia and the UAE.

africa.chinadaily.com.cn

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Dec 19, 07:06

China Opens Service Sectors Further to Macao to Diversify Economy

China is opening its service sectors further to Macao, lowering market entry thresholds for Macao businesses in finance, telecommunications, and construction, aiming to diversify Macao's economy and boost regional cooperation under the updated Closer Economic Partnership Arrangement (CEPA).

China Opens Service Sectors Further to Macao to Diversify Economy

China is opening its service sectors further to Macao, lowering market entry thresholds for Macao businesses in finance, telecommunications, and construction, aiming to diversify Macao's economy and boost regional cooperation under the updated Closer Economic Partnership Arrangement (CEPA).

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How will this policy shift address Macao's long-term economic diversification goals?

This opening is a strategic move to support Macao's economic diversification plan (2024-2028), aiming to increase non-gaming value-added activity to 60 percent by 2028. Macao's service sector, already significant, will gain access to the vast mainland market, leveraging its strengths in finance, entertainment, and cultural services. This addresses the over-reliance on the gaming industry and enhances Macao's economic resilience.

Showing 49 to 60 of 67 results