Resilient Economy: Bouncing Back from a Technical Recession
The Resilience of the U.K. Economy
Amidst the bustling streets of London, the U.K. economy has shown signs of recovery, with a 0.6% increase in gross domestic product during the first quarter, surpassing expectations set by economists.
After facing a shallow recession in the latter part of 2023 due to persistent inflationary pressures, the U.K. economy has managed to bounce back, showcasing resilience in the face of adversity.
Sectoral Performance and Growth
During the period from January to March, the production sector in the U.K. expanded by 0.8%, while the construction sector experienced a slight decline of 0.9%. Monthly data revealed a 0.4% growth in March, following a 0.2% expansion in February.
Of particular significance is the grow
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The rise in disputes over bills of exchange confuses the Commercial Court in Casablanca
Special data revealed an increase in the number of files related to legal disputes regarding the maturity of bills of exchange in the Commercial Court in Casablanca. This is after recording the growing demand for the aforementioned payment method by companies in their check account transactions, due to the multiple legal problems associated with it, especially with regard to possible follow-ups regarding accepting the check as a guarantee.
The growing level of disputes related to bills of exchange raised questions about the possible causes and effects of this indicator on commercial business transactions, as this increase came in light of the economic and technical transformations witnessed in the markets since the outbreak of the Corona pandemic. This requires careful analysis to understand the roots of this problem and search for effective solutions.
Disagreements centered around the conditions and deadlines specified in commercial contracts, fluctuations in currency and commodity prices, as well as the impact of the pandemic, as direct reasons behind the development of bills of exchange issues in the courts. While the disputed amounts jumped to record levels, which harmed the interests of a large number of companies, especially small and medium-sized companies t
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https://www.worldysnews.com/the-rise-in-disputes-over-bills-of-exchange-confuses-the-commercial-court-in-casablanca/
Caiway warns of possible network interruption after disabling DNS servers – Tablets and telephones – News
#Caiway #warns #network #interruption #disabling #DNS #servers #Tablets #telephones #News
Caiway warns customers that it is phasing out three DNS servers. That will happen in the coming weeks. Customers who therefore have no internet must manually reconfigure their DHCP or use a different DNS server.
Customers of the provider, including some tweakers, have received a message in which the provider warns that it will be phasing out some DNS servers in
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Coins still legal
| Coins are still in effect. |
Aivo Andrianarivelo, governor of the Central Bank, says 10, 20 and 50 ariary coins can still be used in daily economic transactions.
Why don’t people use coins anymore? They are rarely used in daily transactions, and yet! They are still legal tender throughout the national territory.
At Analakely City Hall, this question which torments consumers was addressed during a conference-debate on the experiences of a private industry manufacturing coins and banknotes in the United Arab Emirates.
The Central Bank still issues coins. Moreover, its governor, Aivo Andrianarivelo, wanted to recall it. “Coin
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Indian National Bank Punjab seeks to complete institutional share sale in next 6 months, says CEO
India’s Punjab National Bank aims to complete the sale of shares to large investors within the next six months, its chief executive said on Friday, as the state lender seeks to strengthen its capital.
Banks in Asia’s third-largest economy are increasing their capital to meet growing demand for loans. The country’s largest lender, State Bank of India, is also open to raising capital.
The Punjab National Bank’s board of directors in December approved a fundraising of 75 billion rupees ($898 million) through equity.
A qualified institutional placement (QIP) involves selling shares to institutional buyers without offering them to the public.
“For QIP, we are trying to get all the approvals, but within six months we will try to raise funds from the market,” said Atul Kumar Goel, managing director and chief executive officer of PNB, during an interview at the press conference. REGULAR GROWTH OF LOANS
For fiscal 2025, Punjab National Bank’s loan growth is expected to be between 11% and 12%, the CEO said, while the increase was 11.2% year-on-year in the January-March period.
The aim is to grow deposits by 9-10% this fiscal year, Goel said, compared to growth of nearly 7% in the January-March period.
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Indian National Bank Punjab seeks to complete institutional share sale in next 6 months, says CEO
Ministry of Science and ICT expresses ‘regret’ to Japanese government: Response to Line Yahoo incident
IT·Science
Entered 2024.05.10 15:51 Modified 2024.05.10 15:57
The Ministry of Science and ICT expresses ‘regret’ to the Japanese government
“Administrative guidance is seen as pressure to sell shares.”
Emphasis on ‘hard line response’ to damage to our companies
Kang Do-hyun, Second Vice Minister of Science and ICT, briefed on current issues relating to the negotiations between Naver and Softbank at Line Yahoo, the operator of the ‘Line’ messenger app, and the Japanese government’s request to re-examine its relationship capital. with Yahoo Line in the Seoul Government Complex briefing room on the afternoon of the 10th I make a presentation. Photo = Yonhap News Naver made its first public statement regarding the Line Yahoo incident. This is the first time the company has acknowledged the possibility of selling its shares to Softbank, saying, “We are open to all possibilities and are negotiating in good faith with Softbank.” The government also kept up with Naver, saying, “We will respond strongly and strongly to discriminatory measures against our companies.”
Kang Do-hyun, Second Vice Minister of Science and ICT, said in a briefing on the 10th, “Our government has confirmed that there is no expression requiring the sale of shares in the administrative guidelines, but we express regret that it be seen as pressure on our companies to sell shares.” “Our firm position is to ensure that our companies, including Naver, do not suffer any disadvantages in relation to foreign business or foreign
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Continuing to consolidate its product matrix, Kabrita, a goat milk brand owned by Ausnutria, released three new baby products – Xinhuanet Client
AoYo’s goat milk brand Kabrita has taken another step towards consolidating its product matrix with the release of three new baby products. On May 9, Kabrita officially launched three infant formula goat milk powders – Kabrita Jingxian, Jingcui Yuebai, and Yueqi. The aim is to meet the refined feeding needs of consumers and provide better nutrition for babies.
Ren Zhijian, executive director, and chief executive officer of Ausnutria Dairy expressed confidence in Kabrita’s strategic transformation from the number one goat milk powder brand to the number one goat milk brand. He emphasized the importance of leading the development of the sheep category with high-quality goat milk products.
The innovative research and development behind the new infant products cater to consumers’ refined feeding needs. Each of the three new products has a unique formu
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“In addition to AI semiconductors, the U.S. is also pursuing export restrictions to China for AI technologies such as Chat GPT.”
Managing Director Rummondo, “Past export licenses have also been cancelled.”
China also hints at banning imports of connected cars
The U.S. government is pursuing measures to strengthen export and investment regulations to prevent China from accessing not only artificial intelligence (AI) semiconductors but also software such as ChatGPT. They also hinted at the possibility of taking ‘extreme measures’, such as banning the import of Chinese-made connected cars (vehicles capable of mobile communication).
In an interview with Reuters on the 8th, U.S. Secretary of Commerce Gina Lemondo said, “We are focusing on AI in the regulation of semiconductor exports to China,” adding, “Even semiconductors for which export licenses were approved in the past will have their licenses revoked if it is discovered that they hav
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We are ready to sever ties with Russia in the near future
“We recognize the risk that Russia could take steps to desynchronize earlier and initiate a shutdown itself, but we are prepared for this. We have an action plan that includes full control of the network, as well as plans to cooperate with Polish, Swedish and Finnish operators to ensure support via DC cable connections. Thus, we will provide sufficient power to maintain system stability,” assures Rolands Irklis, Chairman of the Board of Augstsprieguma Tīkls, commenting on the upcoming exit of the Baltic countries from the BRELL energy ring.
“Of course, it woul
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