UK Economy Rebounds in January After Slipping Into Recession =============== #537f1bdb ver:0.66 London's FTSE 100 is predicted to open slightly higher after a 1% gain yesterday. The UK economy rebounded in January, registering modest growth after falling into a technical recession in the second half of last year. Gross domestic product rose 0.2% following a 0.1% decline in December. Services and construction delivered the gains, offsetting a drop in industrial production. The figures leave Britain on track to grow over the first quarter as a whole, bringing the recession to an end. The recovery is likely to be modest as past interest-rate increases continue to feed through to households and companies. The Bank of England is expected to begin cutting rates in August. The trade deficit widened by £2.2 billion ($2.8 billion) to £13.8 billion in the three months to January. The UK contin... #newstr #UkEconomy #Recession #GdpGrowth #BankOfEngland #TradeDeficit
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Chinese Trust Bankruptcy Leaves Elderly Retirees Facing Financial Ruin Amid Turbulent Economy =============== #9cee82e0 ver:0.1 China's Sichuan Trust, a cross between a bank and an investment fund, has gone bankrupt, leaving elderly retirees who invested in the trust facing financial ruin. The trust's insolvency was announced in 2020, and investors were offered a 20%-60% 'haircut' on their investments. However, the deadline to accept the loss has left some investors in deep financial trouble. The collapse of Sichuan Trust reflects the challenges in China's economy and the risks faced by investors. China's economy heavily relies on real estate development, and the property industry has been hit by a crackdown on borrowing, causing defaults. The government has pledged to protect investors and control risks, but some investors are seeking legal help and protesting the government's plan. The debt crisis in China is exp... #newstr #China #TrustBankruptcy #ElderlyRetirees #PropertyIndustry #GovernmentPlan #DebtCrisis
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Chinese Production Company Linmon Pictures Announces Collaboration with Thai Entertainment Industry =============== #002b5ee1 ver:0.16 Thai Prime Minister Srettha Thavisin recently met with Indian filmmaker Sajid Nadiadwala to discuss potential collaborations for film production and shooting in Thailand. Nadiadwala has previously shot several of his productions, including Baaghi, Baaghi 2, Housefull 2, Anjaana Anjaani, and Heropanti, in Thailand. During the meeting, Nadiadwala presented Prime Minister Thavisin with a pashmina shawl and a peacock brooch, symbolizing India's rich cultural heritage. The discussion between the two focused on exploring collaborative initiatives to enhance the filming experience in Thailand and promote the country's economy through tourism and culture. Prime Minister Thavisin assured support for filmmakers filming in Thailand in terms of tax measures and benefits . This meeting highlights Thai... #newstr #ThaiPrimeMinister #SretthaThavisin #SajidNadiadwala #LinmonPictures #ThaiEntertainmentIndustry #FilmProduction #Thailand
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Thai Commerce Minister Expands Efforts to Boost Trade and Soft Power in Hong Kong =============== #8cc04c5f ver:0.05 The Commerce Minister of Thailand, Phumtham Wechayachai, is continuing his efforts to expand trade and promote Thai goods and services, this time in Hong Kong. Phumtham is leading a ministry team on a visit to Hong Kong to strengthen trade links between Thailand and Hong Kong, with a focus on selling more Thai goods and services in the area, particularly for small and medium-sized firms. The delegation will attend the Hong Kong International Film and TV Market to promote Thailand's Y TV series worldwide. They will also sign a memorandum of understanding to support trade in three areas: trade information exchange, support for SMEs' trade activities, and collaboration in promoting trade through e-commerce systems. Hong Kong is Thailand's third-largest export market for Thai rice, and bilater... #newstr #ThaiCommerceMinister #Trade #HongKong #ThaiGoodsAndServices #RiceExports #China
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Bitcoin, Ethereum, and Altcoins Experience Volatility Amidst Rising US Inflation =============== #aa5f88aa ver:0.05 In a world of economic uncertainty, cryptocurrencies like Bitcoin, Ethereum, and altcoins have shown remarkable resilience. However, recent events have caused some volatility in the market. Bitcoin and Ethereum, the two largest cryptocurrencies, tumbled 2.5% each as US inflation rose above 3%. This drop in value can be attributed to investors' concerns about the impact of higher inflation on the cryptocurrency market . Despite the dip in Bitcoin and Ethereum, investors have turned to altcoins like Solana (SOL), Pepe (PEPE), and Grok (GROK) for potential higher returns. These altcoins have shown strong performance and have attracted investors looking for alternative investment options. SOL, for example, has experienced an impressive 87.55% surge in value in just seven weeks. PEPE has also ... #newstr #Bitcoin #Ethereum #UsInflation #Altcoins #Solana #Pepe #Grok
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Saudi Arabia's LEAP Tech Summit Highlights AI and Cloud Investments, aiXplain Expands into the Middle East =============== #388617f6 ver:0.28 Saudi Arabia's LEAP Tech Summit, held in Riyadh from March 4-7, showcased the country's commitment to becoming a global technology hub. The summit witnessed $11.9 billion of investment deals across various sectors, with a particular focus on artificial intelligence (AI) and cloud computing. The financing spree resulted in a significant increase from last year's total of $9 billion in investments. More than 600 start-ups exhibited at the event, attracting over 1,300 investors. The Saudi Minister of Communications and Information Technology, Abdullah Alswaha, announced a $1 billion investment in GAIA, a regional AI start-up accelerator. The summit also featured major tech companies such as Amazon Web Services and DataVolt, further highlighting Saudi Arabia's dedication to fostering technolog... #newstr #Ai #Finance #GulfCountries #Banking #Technology
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Advancements in Airport Security, AI Integration in Aviation Safety, Maritime AI for EU ETS Compliance, AI-Powered Freight Matching, AI in Space Travel, and AI-Assisted Brain Surgery =============== #3dc7ccda ver:0.2 Singapore's Changi Airport is conducting a trial using artificial intelligence (AI) and machine learning to improve the efficiency of security checks. The trial is taking place at Terminal 3 of Changi Airport and aims to replace the current two-dimensional (2D) X-ray screening technology with computed tomography X-ray capabilities. The new technology, called the Automated Prohibited Items Detection System (APIDS), uses AI and machine learning algorithms to automatically identify security risks. The system analyzes three-dimensional (3D) images and reduces human error, leading to faster processing times for security officers. The trial has shown promising results, and if successful, the technology will be expanded across the airport, improving the speed of security checks by up to 50%. The ... #newstr #Ai #BrainSurgery #Neurosurgeons #MedicalDiagnosis #MedicalJudgments #CaresCopilot1.0 #MultimodalityDatabases #MedicalTextbooks #AcademicPapers #NeurosurgicalGuidelines #Cair #ChineseAcademyOfSciences #HongKong #InnohkResearchProgram #MedicalDeviceManufacturers
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Apple Tests AI-Powered Ad Performance Tool for App Store =============== #ac901af9 ver:0.17 Motorola and Samsung showcased flexible smartphones that can double as smartwatches at Mobile World Congress (MWC) in Barcelona. Deutsche Telekom revealed a handset that ditches standard apps in favor of an AI assistant. The device, called T-phone, is a collaboration with Qualcomm Technologies and Brain.ai. Deutsche Telekom executives claim that traditional apps will be obsolete within the next decade. The trend of declining smartphone sales has led some analysts to believe that the world has already passed 'peak smartphone', and manufacturers are now looking to reinvent the industry. Other recent product launches have shown potential directions for the post-smartphone era, including devices that use AI assistants similar to Amazon's Alexa or Apple's Siri. Qualcomm's CEO believes that arti... #newstr #Apple #Ai #Advertising #AppStore #PredictiveAnalysis #GenerativeAi #Google #Facebook
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Berlin-based Quantistry Secures €3 Million to Revolutionize Chemical R&D with Quantum and AI =============== #6c7f3b85 ver:0.1 Denmark and Colorado are emerging as leaders in the field of quantum technology, each with its own unique contributions and strengths. Denmark has established itself as a frontrunner in quantum technology, with a strong emphasis on commercialization, security, and international collaboration. The country has allocated a significant amount of funding, €161 million, to strengthen its quantum ecosystem and has set up research centers and test facilities. Danish companies are already making strides in the field, developing applications in materials discovery, drug discovery, and alternative computing solutions for various industries. Quantum sensing and quantum computing are two areas of particular focus. Quantum sensing has applications in medical understanding, clock systems, positioning tec... #newstr #Quantistry #Funding #ChemicalR&d #Quantum #Ai #SustainableSolutions
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Partnership Between Meraxis, Rehau Industries, and Sentra World Aims to Reduce Carbon Footprint in Plastics Processing Industry =============== #cd5ee351 ver:0.04 Meraxis Services and Rehau Industries have partnered with Sentra World, a Bengaluru-based AI startup, to further their efforts in reducing the carbon footprint of plastics processing companies . The partnership aims to leverage Sentra World's analytics platform, Calculus, which simplifies the measurement of CO2 emissions and provides detailed calculations across various scopes . Additionally, Sentra.Network, a blockchain-based technology developed by Sentra World, will be used to trace carbon emissions along the supply chains of plastics processing companies . The CO2ptimat project, initiated by Meraxis and Rehau Industries, will now incorporate Sentra World's expertise and technology to enhance the digital solution being developed. The project will focus on connecting the IT systems use... #newstr #Meraxis #RehauIndustries #SentraWorld #PlasticsProcessing #CarbonFootprint #AnalyticsPlatform #BlockchainTechnology #Co2ptimatProject #FederalMinistryForEconomicAffairsAndClimateAction #SentraNetwork #Igus #Superwise #Igusgo #RecyclingTechnologies #Cirplus #Lubrication-freeSolutions
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