The market is projected to grow from USD 5.13 billion in 2022 to USD 14.59 billion by 2030, at a CAGR of 13.96%. North America is expected to lead the market, followed by Asia Pacific. Hardware is expected to dominate the market, followed by production planning and the downstream sector. The global AI in oil … Read more
Wall Street stocks bounced early Monday, boosted by way of suggestions the United States should give up some tariffs on China and by using bargain-hunting after the huge pullback this year. Appearing in Tokyo for the launch of a brand new Asia-Pacific trade initiative, US President Joe Biden said he became considering eliminating some of the punitive … Read more
President Joe Biden stated in Tokyo on Monday that 13 countries have joined a new US-led Asia-Pacific trade effort aimed at countering China’s aggressive development. “The United States and Japan, together with 11 other nations, will be launching the Indo-Pacific Economic Framework for Prosperity, or IPEF,” Biden stated during a press conference alongside Japanese Prime … Read more
China’s Xi Jinping has referred to an “all-out” campaign to build infrastructure, in line with state media, marking the trendy try through leaders to enhance increase inside the Covid-battered economy. Despite struggling to defeat the united states of America’s worst outbreak in two years, the leadership is digging in its heels with a strict 0-Covid … Read more
BEIJING – Beijing on Monday denied Australian allegations that a Chinese naval vessel shone a laser at one of the country’s surveillance aircraft in an incident that Prime Minister Scott Morrison termed an “act of intimidation”. A Chinese ship sailing off Australia’s northern coast last week illuminated the plane, Canberra’s defence department said Sunday, adding … Read more
SINGAPORE: Asia’s biggest airshow takes place in Singapore this week with the aviation sector hoping 2022 marks a turning point in a region where tough curbs have left coronavirus-battered airlines struggling to recover. The event, which takes place every two years and kicks off on Tuesday, brings together hundreds of airlines, plane manufacturers and other … Read more
KARACHI: The cooling down of consumer spending, and reduced shipping congestion will result in global trade growing by 5.4 per cent in 2022, an Euler Hermes Global Trade report showed. While there is a risk of a double-dip in the first quarter of 2022, Euler Hermes expects a normalisation of international trade flows in volume … Read more
HONG KONG: Asia-Pacific countries kept witnessing rocketing Covid-19 cases as India’s total tally neared 32 million on Tuesday. India’s total tally rose to 31,998,158 as 28,204 new cases were registered during the past 24 hours across the country, showed the federal health ministry’s latest data. Besides, as many as 373 deaths due to the pandemic … Read more
Pakistan growth rate projected with a low of 2.5 percent for the current fiscal year owing to Covid 19. Moody’s investor service in latest regional credit outlook reported low Pakistan growth rate. However it said risks for the entire Asia-Pacific (APAC) region were generally on the downside. In December 2019, the New York-based rating agency … Read more
