latest news in global
Mexico's Economic Stability at Risk: Moody's Signals Warning with Negative Outlook
Mexico City, Sunday, 17 November 2024.
In a significant shift that rattles investor confidence, Moody’s has downgraded Mexico’s debt outlook to ‘negative’ while maintaining its Baa2 rating. The decision stems from concerns over judicial reforms threatening institutional independence and growing fiscal challenges, including a 6% GDP deficit and mounting Pemex liabilities. This comes as Mexico’s ambitious 2025 growth projections of 2-3% face skepticism against current 1.5% growth rates, highlighting increasing economic uncertainty.
Green Construction Roadmaps Unveiled at COP29 by Three Nations
Dhaka, Saturday, 16 November 2024.
Bangladesh, Ghana, and Senegal have launched sustainable construction roadmaps at COP29, marking a significant step towards eco-friendly building practices. This collaborative initiative aims to transform the construction sector, addressing its substantial contribution to global emissions.
Global Climate Action: Canada and Nigeria Unite for Carbon-Neutral AI at COP29
COP29 Summit, Saturday, 16 November 2024.
At COP29, Canada and Nigeria launched a pioneering carbon-neutral AI initiative, setting a new standard for environmental technology. This collaboration between NASENI and DigiHub Shawinigan aims to revolutionize carbon offsetting practices, potentially reshaping global efforts in sustainable AI development.
India's Electric Vehicle Market Surges: Ola and Mahindra Lead the Charge
Blin, Friday, 15 November 2024.
India’s electric vehicle market is experiencing rapid growth, with sales expected to reach $18.32 billion by 2029. Ola Electric and Mahindra are at the forefront, driving significant advancements in the two-wheeler and three-wheeler segments. Government incentives and policies are boosting adoption, aiming for 30% electric vehicle penetration by 2030.
Neuroscience Market Set to Soar: Projected 63% Growth by 2032
United States, Friday, 15 November 2024.
The global neuroscience market is poised for significant expansion, with projections indicating a surge from $43.5 billion in 2023 to $71 billion by 2032. This growth, driven by technological advancements and increased research funding, highlights the sector’s pivotal role in addressing the rising prevalence of neurological disorders worldwide.
Asia-Pacific Leads Surge in Geospatial Solutions Market
Tokyo, Friday, 15 November 2024.
The global geospatial solutions market is set for robust growth, with Asia-Pacific expected to register the highest CAGR. Projected to reach $1,457.7 billion by 2031, the market is driven by AI-based GIS and location-based solutions, despite awareness challenges. Software dominates, while services show rapid expansion.
Dubai's Smart City Vision Fuels External Hard Drive Market Growth
Dubai, Friday, 15 November 2024.
The UAE’s external hard drive market is set to expand significantly, driven by Dubai’s ambitious Smart City initiatives. Projected to reach $129 million by 2029, this growth reflects increasing demand for high-performance storage solutions in both consumer and professional sectors. The trend underscores Dubai’s evolving role as a global tech hub.
Saudi Arabia's Cloud Market Booms as Tech Giants Invest Heavily
Riyadh, Friday, 15 November 2024.
Saudi Arabia’s cloud infrastructure market is experiencing rapid growth, driven by significant investments from AWS, Google, and Huawei. The market is projected to reach $8.97 billion by 2029, with a 17.03% CAGR, as the kingdom pursues ambitious digital transformation goals under Vision 2030.
Argentina Seeks US Trade Deal Amid Shifting Global Alliances
Buenos Aires, Friday, 15 November 2024.
President Javier Milei announces plans for a free trade agreement with the United States and a visit to China, signaling Argentina’s strategic pivot in international relations. This move aims to bolster economic ties amidst evolving geopolitical dynamics, potentially reshaping Argentina’s global trade position.
Eva Longoria Calls America 'Dystopian', Relocates Abroad
Madrid, Friday, 15 November 2024.
Actress Eva Longoria has left the ‘dystopian’ United States, now dividing her time between Spain and Mexico. She cites political climate, taxes, and homelessness as reasons for her departure, expressing concern for Americans who can’t ‘escape’ following Trump’s re-election.