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[ad_1] Washington: US intelligence officials predicted that a Chinese invasion of Taiwan or an attack as early as 2025 on the island nation could cost the world economy USD 1 trillion, reported Taipei Times. US Director of National Intelligence Avril Haines presented what she called a “general estimate” during testimony before the US Senate Armed…
[ad_1] US Dollar (Representative Image) Kabul: Afghanistan’s central bank Da Afghanistan Bank (DAB) sold $14 million by auction on Sunday to stabilise the exchange rate of the national currency afghani, the bank said in a statement released here on Sunday. The local currency afghani has been tumbling against foreign currencies, especially the US dollar, over…
[ad_1] San Francisco: Dhirendra Prasad, a former Apple employee who was charged with defrauding tech giant Apple and related tax crimes, has been sentenced to three years in prison and ordered to pay more than $19 million. He was charged in March 2022 for stealing around $17 million from the iPhone maker through mail and…
[ad_1] Stuttgart: German conglomerate Bosch on Wednesday said it is acquiring US chipmaker TSI Semiconductors for $1.5 billion and converting its manufacturing facilities to state-of-the-art processes. With the planned acquisition, Bosch will significantly expand its global portfolio of silicon carbide (SiC) semiconductors by the end of 2030. Starting in 2026, the first chips will be…
[ad_1] Islamabad: Cash-starved Pakistan is likely to ink a deal for additional deposits of USD 2 billion from Saudi Arabia after Eid, authorities said on Saturday, a move that will help the country secure the much-required bailout from the IMF. In March, Pakistan sought Saudi Arabia’s confirmation for funds to ink an IMF deal. Earlier…
[ad_1] New Delhi: China has developed a system of “Bailouts on the Belt and Road” that helps recipient countries avoid default, and continue servicing their BRI debts, at least in the short run, a new report has found. In total, more than 20 debtor countries have received USD240 billion in Chinese rescue lending since 2000….
[ad_1] Ankara: An official report has estimated that the twin earthquakes that hit southern Turkey on February 6 cost approximately 2 trillion Turkish liras (about $105.2 billion) for the country. The report, announced by Turkey’s Treasury and Finance Ministry and prepared by the presidency’s department of strategy and budget, predicted that the financial burden caused…
[ad_1] New York: An Indian-origin teen has won a prestigious high schoolers’ science prize of $250,000 for developing a computer model to predict the structure of RNA molecules that can aid in quickly diagnosing diseases. Neel Moudgal, 17, was announced the winner of the Regeneron Science Talent competition on Tuesday. Ambika Grover, 17, was ranked…
[ad_1] Islamabad: Pakistan has introduced new rules barring the prime minister, ministers and officials from retaining any gift by a foreign government whose value exceeded USD 300 amid entrenched corruption related to state gifts, it emerged on Tuesday. The issue made headlines after former premier Imran Khan sold a precious watch given to him by…
[ad_1] New Delhi: Embattled Adani Group on Sunday said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme ahead of the March 31 deadline to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller. In a statement, Adani group said…