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Ecuador Eyes FDI Revival Amid IMF Deal and Reforms

[ad_1] With an economic restructuring in the works, Ecuador is positioning itself to ride the tensions between the US and China to an economic rebound in 2025. While many of its Latin American neighbors are benefiting from post-pandemic tailwinds—including surging commodity prices and a nearshoring boom driven by the US—Ecuador …

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Trump thumbs nose at decades of India courtship

[ad_1] Activists burn an effigy of Trump to protest against tariff hikes during a demonstration in Kolkata. Photo: Dibyangshu SARKAR / AFP/FileSource: AFP India once united US policymakers like few issues. For nearly three decades, US presidents of both parties courted New Delhi as an emerging ally, politely overlooking disagreements …

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Why Companies Are Rehiring After AI Layoffs

[ad_1] Companies adopted AI quickly, hoping to increase productivity and reduce their costs by eliminating part of their workforce. That’s why, two years ago, IBM slashed 8,000 jobs in human resources and replaced their routine tasks with its AskHR system. Financial technology company Klarna also laid off 700 customer-service experts, …

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Kering Names Ex-Renault CEO Luca de Meo as New Chief

[ad_1] The French luxury giant Kering, parent company of Saint Laurent and Gucci, is getting a new CEO, Luca de Meo. And surprisingly he is not a longtime ready-to-wear afficionado but a car industry veteran. De Meo, 58, had been leading the French Renault Group since 2020. He left the …

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Ripple Applies for US National Bank Charter

[ad_1] Crypto company Ripple has applied to US regulators for a national bank charter, as the distinction between digital asset firms and traditional financial institutions becomes increasingly blurred. Ripple’s decision—announced in July on social media by the company’s chief executive, Brad Garlinghouse—mirrors similar moves by Circle and BitGo. Analysts opine …

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