Nobel Laureate Joseph Stiglitz Sees US-China Tensions Impacting Global Trade Flows
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Joseph Stiglitz warns that escalating US-China tensions are disrupting global trade patterns; these tensions could lead to significant economic consequences and a fragmentation of global markets; countries may form trade blocs, stifling competitiveness and innovation; Stiglitz advocates for multilateral cooperation and open dialogue to address these challenges; the article discusses the potential for a divided global economy due to protectionist policies.

#JosephStiglitz #UschinaRelations #GlobalTrade #Economics #MultilateralCooperation #Protectionism #TradeBlocs #EconomicConsequences #InternationalCommerce #GeopoliticalStrife

https://www.thailand-business-news.com/china/168288-nobel-laureate-joseph-stiglitz-sees-us-china-tensions-impacting-global-trade-flows 

 Market Roundup 9 July 2024 - Thailand Business News
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Thailand's SET Index closed at 1,319.92 points, dropping by 2.58 points or 0.20% with a trading value of 38.11 billion baht. Bank of Thailand Governor Sethaput Suthiwartnarueput emphasized Thailand's uneven economic recovery and the need for stronger growth. InnovestX Securities predicts a global economic recovery in Q3 2024, with Thailand's economy expected to recover in the second half of 2024. InnovestX forecasts a 2.5% economic growth in Thailand for 2024 and 3.0% for 2025, with a target of 1,500 points for the SET Index by the end of the year. InnovestX recommends stocks that will benefit from the global recovery, earnings growth, and interest rate cuts, highlighting ADVANC, KCE, OSP, PTTGC, and TU as top picks.

#Thailand #SetIndex #Economy #StockMarket #BankOfThailand #EconomicGrowth

https://www.thailand-business-news.com/set/150525-market-roundup-9-july-2024 

 China's Digital Silk Road is making its mark on the global stage - Thailand Business News
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China's Digital Silk Road initiative aims to expand digital technologies in developing countries, challenging US tech dominance and raising security concerns over surveillance and data collection. China's emergence as the largest exporter of goods worldwide has impacted global trade dynamics. The Belt and Road Initiative (BRI) and Digital Silk Road (DSR) projects are part of China's strategy to challenge global markets and US technological hegemony. China's economic statecraft, including loans and investments, has allowed it to exert influence and advance its foreign policy objectives. The DSR focuses on digital infrastructure like 5G and AI. The US and Europe prefer secure but costly systems and have enacted policies to counter China's influence. Developing nations risk security by adopting Chinese tech due to low costs, despite concerns of data theft and surveillance. The DSR's emphasis on digital technologies raises global security concerns. The expansion of China's technological influence via the DSR has global implications, particularly in Africa and the Indo-Pacific. The US response includes semiconductor production initiatives to counter China's technological dominance.

#China #DigitalSilkRoad #BeltAndRoadInitiative #Us #Technology #Security #Surveillance #DataCollection #GlobalTrade #EconomicStatecraft #5g #Ai #DevelopingNations #GlobalSecurity #Africa #Indopacific #SemiconductorProduction

https://www.thailand-business-news.com/china/140106-chinas-digital-silk-road-taking-its-shot-at-the-global-stage 

 ASTRI's Wins 23 Awards Geneva Inventions Expo
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The Hong Kong Applied Science and Technology Research Institute (ASTRI) has won 23 accolades at the 49th International Exhibition of Inventions Geneva, including 1 “Gold Medal with Congratulations of Jury”, 6 Gold Medals, along with 10 Silver Medals and 6 Bronze Medals. The award-winning inventions cover a diverse array of research areas, from AI and robotics to smart city applications and healthcare technologies. The standout invention, earning the Gold Medal with Congratulations of Jury, is the "Gemstone Eye: Apparatus for Gemstones Identification", an automated device that quickly distinguishes natural diamonds from lab-synthetic diamonds and other gemstones. ASTRI's R&D capabilities have been recognized for their scientific research excellence and efforts in driving technology transfer. ASTRI will continue to promote their award-winning inventions and facilitate collaborations among the government, industry, academia, and research institutions to seize future growth opportunities and contribute to smart city development.

#Astri #Awards #Inventions #Geneva #Technology #Research

https://www.thailand-business-news.com/thailand-prnews/astris-wins-23-awards-geneva-inventions-expo 

 Gaming giant Gravity Game Vision partners with global fintech EBANX to enhance the 'Ragnarok Origin: ROO' experience in Latin America
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South Korean gaming giant Gravity Game Vision has announced a strategic partnership with global fintech company EBANX to enhance the gaming experience of Ragnarok Origin: ROO in Latin America. The partnership aims to provide an immersive and seamless experience, including in the payment stage, for players in Latin America. Customers in those countries will be able to pay for Ragnarok Origin: ROO Online with local payment options such as e-wallets, instant payments, account-based transfers, and cash-based methods, in addition to debit and credit cards. The digital commerce market in Latin America is expected to nearly double in size from 2024 to 2026, reaching a total value of US$944 billion. The partnership between Gravity Game Vision and EBANX aims to tap into the growing gaming market in Latin America, which has 420 million gamers and is growing at three times the global average. The partnership is expected to bring convenience and accessibility to gamers in the region.

#GravityGameVision #Ebanx #RagnarokOrigin:Roo #Gaming #LatinAmerica #PaymentSolutions

https://www.thailand-business-news.com/thailand-prnews/gaming-giant-gravity-game-vision-partners-with-global-fintech-ebanx-to-enhance-the-ragnarok-origin-roo-experience-in-latin-america 

 "Hong Kong Engineers Week 2024" concluded in success - Thailand Business News
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"Hong Kong Engineers Week 2024" concluded with diverse activities and competitions. The event featured seven activities, including the "Hong Kong Engineers Week Carnival" which attracted over 46,000 participants. The "Career Fairs" recorded more than 1,300 visitors. Winners of various competitions were announced, including the "Engineer Alliance" with Ir Eva LEE Ho Yan as the Captain and Mr Anthony CHAN Chun Yip and Miss Miro CHAN Sum Chau as Vice-captains. The primary school design competition was won by Precious Blood Primary School, St. Francis of Assisi’s Caritas School (Team 2), and Chai Wan Kok Catholic Primary School (Team 1). The secondary student quiz contest winners were Shun Tak Fraternal Association Leung Kau Kui College, Immaculate Heart of Mary College, and Shun Tak Fraternal Association Yung Yau College. The joint team from Hong Kong Metropolitan University and Shenzhen Institute of Technology emerged as the Overall Champions of the invitational competition tournament. The President of The Hong Kong Institution of Engineers, Ir Dr Barry LEE Chi Hong, expressed gratitude for the support and participation and emphasized the importance of cultivating the interest of the younger generation in engineering work. The successful conclusion of the event marks a new beginning for the Institution to continue promoting the development of the engineering field.

#HongKong #EngineersWeek #Competition #Engineering #Education

https://www.thailand-business-news.com/thailand-prnews/hong-kong-engineers-week-2024-concluded-in-success