China GDP

The European Union's ruling that Apple must pay 13 billion euros in back taxes has elicited mixed responses in Ireland. The government seeks to downplay the impact but faces concerns over its reputation as a tax haven. While acknowledging the need to pay, officials are cautious about spending increases due to inflation worries.

India extended a $300 million loan to Vietnam to bolster maritime security during a bilateral meeting between PM Modi and his Vietnamese counterpart, Pham Minh Chinh. The leaders also exchanged agreements in various fields, emphasizing cooperation in defence, technology, and climate action. In 2022, bilateral trade reached $14.14 billion, marking a 27% increase.

China’s economic growth slowed to its worst pace in five quarters as retail sales declined, increasing pressure on Beijing to restore confidence at a key policy meeting. The gross domestic product (GDP) grew by 4.7% in the second quarter compared to the previous year, missing the median estimate of 5.1%. The growth for the first half of the year was 5%, in line with Beijing's annual target of around 5%.

Netflix is preparing to debut 'Simone Biles Rising,' a compelling four-part documentary series ahead of the 2024 Paris Olympics, scheduled for release on July 17. The series delves into the journey of acclaimed gymnast Simone Biles, beginning with her introspection on intuitive decision-making during the challenging build-up to the 2020 Tokyo Olympics. It portrays her pivotal choice to prioritize mental health over competition, resonating deeply within the sports community. 'Simone Biles Rising' captures Biles' resilient comeback journey, navigating mental hurdles and returning to the gym with sights set on Paris 2024. The series celebrates the unwavering support of her inner circle, including fellow gymnast Aly Raisman and husband Jonathan Owens, whom she married in 2023. Through candid moments and reflections, the documentary not only highlights Biles' athletic prowess but also explores themes of personal growth and the significance of mental health in competitive sports. It promises viewers an emotional and empowering narrative as Biles prepares for her next chapter in gymnastics.

A cryptic quote from President Xi Jinping in a recently published book has led to emerging plans for a significant shift in China's monetary policy. Pan Gongsheng, the governor of the People’s Bank of China (PBOC), announced that the PBOC is exploring trading government bonds in the secondary market to regulate liquidity, in line with Xi’s directive to "enrich the monetary policy toolbox."

SEBI launches Saarthi 2.0 app, a comprehensive tool for investors with financial calculators, educational modules, and informative videos to simplify complex financial concepts.

The government urges corporates like Tata, Hyundai, and Apple to establish incubation centers for manufacturing startups, aiming to strengthen the sector. The Department for Promotion of Industry and Internal Trade provides a handbook on corporate incubation practices.

Tata Consultancy Services (TCS) has a robust artificial intelligence workforce with employees investing 87.1 learning hours in FY24. Engaged in over 200 GenAI projects, TCS demonstrates growth in generative AI, secures new deals worth $13.2 billion, and upskills employees. The workforce acquired 5 million competencies, anticipating industry improvement in FY25.

Dell Technologies gains investor interest with AI-focused server business and Nvidia partnership, aiming for market revitalization through diverse collaborations.

InstaAstro raised ₹18.50 crores in a Pre Series A round led by Artha Venture Fund, with support from LogX Ventures, Singularity Ventures, IR Capital Partners, Blume Founders Fund, and industry luminary Aloke Bajpai, MD & CEO of Ixigo. Anirudh A Damani, Managing Partner at Artha Venture Fund, mentioned that InstaAstro is well-positioned in the astrology market.

Ericsson and F.I.T.S.T at IIT Kanpur collaborate for 2 years on MFS and Fintech, targeting real customer needs in the growing digital wallet market. The partnership leverages Ericsson's Wallet Platform expertise to drive innovation and meet evolving market demands.

Pop icon Rihanna gave fans a glimpse into her upcoming album during the launch event of her latest Fenty Beauty product. While discussing her creative journey and future plans, Rihanna emphasized her dedication to delivering a remarkable musical experience with her highly anticipated album, R9. She spoke about the importance of growth and authenticity in her music, promising that the new album would showcase her evolution as an artist. Despite keeping details under wraps, Rihanna expressed confidence in her creative process, hinting at potential hits. Alongside her musical pursuits, Rihanna hinted at her Met Gala appearance, teasing a departure from her usual extravagant style. As a mother, Rihanna shared how parenthood has influenced her fashion choices, embracing newfound confidence and empowerment. Fans eagerly await Rihanna's next musical chapter, anticipating a blend of innovation and authenticity.

Alphabet Inc closes above $2 trillion market cap, solidifying position as AI leader. Stock surge driven by cloud strength. Analysts optimistic on future growth and relative affordability compared to tech peers.

In the initial three months of the year, China's economy expanded at a faster pace than anticipated, surpassing projections. The growth was primarily driven by robust manufacturing activity, reinforcing the belief that the nation can achieve its ambitious yearly objectives. According to figures released by the National Bureau of Statistics on Tuesday, the country's Gross Domestic Product (GDP) rose by 5.3% in the first quarter compared to the same period last year.