DMR News

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IEA Forecasts India as Leading Contributor to Global Oil Demand Growth Until 2030

At the India Energy Week held in Goa, the International Energy Agency (IEA) unveiled a report indicating India’s pivotal role in shaping the future of global oil demand. According to…

WhatsApp Break Barriers by Embracing Third-Party Messaging Apps

WhatsApp’s groundbreaking move to enable interoperability with other encrypted messaging apps marks a significant pivot in the digital communication landscape, driven by the European Union’s Digital Markets Act (DMA). This…

Coca-Cola Launches New ‘Spiced’ Flavor with Raspberry Twist

Coca-Cola has taken a significant step by introducing Coca-Cola Spiced, marking its latest permanent addition to the Coke family. This new entrant is particularly noteworthy as it reflects Coca-Cola’s strategy…

US Consumers Projected to Continue Spending Despite Financial Pressures

Despite concerns over increasing credit-card debt and a recent wave of layoffs, American consumers are expected to maintain, or even boost, their spending in 2024. This prediction is supported by…

UEM Sunrise and Alliance Bank collaborate to offer home financing solutions

In a strategic collaboration aimed at empowering homeowners and facilitating their homeownership journey, UEM Sunrise Bhd, a renowned property developer, has joined forces with Alliance Bank Malaysia Bhd to introduce…

River’s Electric Revolution: Securing a Whopping $40 Million to better Redefine Urban Mobility in India

In an ambitious move to steer the future of urban transportation in India, River, an innovative electric two-wheeler startup, has recently announced a monumental $40 million in Series B funding.…

Canada Seeks to Reduce Dependency on Foreign Workers and International Students, Minister Asserts

In a significant policy shift, Canada is moving to address its reliance on temporary foreign labor and international students, a trend that has sparked concerns among various sectors of the…

Auto Loan Concerns Emerge as U.S. Household Debt Increases, According to New York Fed Report

In the last quarter of 2023, the landscape of U.S. household debt witnessed a modest increase, with certain segments, particularly auto loans, encountering heightened difficulties. This trend comes despite the…

Foreign investors have continued to be net buyers for the past two weeks, with a total inflow of RM132 million.

This information is crucial for understanding the dynamics of Malaysia’s stock market, especially in terms of foreign participation. A decline in foreign investment can have various implications, such as reduced…

Britain allocates £100 million towards AI research and regulatory efforts.

London, UK – In a significant move towards advancing the field of artificial intelligence (AI), the United Kingdom has announced a substantial investment of over £100 million (US$125 million) in…

Roblox’s AI Chat Translator Breaks Language Barriers in Real Time

Roblox, the immensely popular online gaming platform, has recently introduced an AI-powered chat translator that is poised to redefine the dynamics of global online interaction. This novel AI-powered chat translator…

Microsoft Introduce Face Check for Powerful Identity Verification

Microsoft has recently introduced an innovative feature named Face Check to its Entra Verified ID digital identity platform. This innovative facial recognition tool is designed to offer businesses an advanced…

AI-Generated Fake IDs Pose Threat to Crypto Exchanges

An underground website known as OnlyFake has mastered using artificial intelligence (AI) to fabricate identification documents with unprecedented quality and realism. At the modest price of $15, one can procure…

In 2023, a ex-Lazada’s D2C home appliance brand tripled sales and became extremely profitable.

In the dynamic realm of consumer electronics, Simplus has emerged as a beacon of innovation and excellence, reshaping the Southeast Asian home appliance market with its distinctive offerings and customer-centric…

Sygnum, a cryptocurrency-focused bank, secures more than $40 million in funding as part of its expansion plans in the market.

Singapore, February 6, 2024 – Sygnum, the global digital asset banking group, has successfully raised over US$40 million in a recent funding round aimed at fueling its growth and enhancing…

Powell Indicates Federal Reserve Nearing Rate Reductions

Jerome Powell, Chair of the Federal Reserve, emphasized that the U.S. central bank is on course to reduce interest rates within the year, provided inflation continues its downward trajectory. Speaking…

Revised Figures Show UK Labour Market More Constrained Than Previously Estimated

Recent adjustments to the UK‘s population estimates have revealed a tighter labour market than previously understood, with a significant decrease in unemployment rates. The Office for National Statistics (ONS) reported…

Corporate Frugality in China Hampers Economic Revival Efforts

As China grapples with economic challenges, companies across the nation are adopting stricter cost-saving measures, potentially stalling the much-anticipated rebound in consumer spending and exacerbating deflationary pressures. Employees like Simon…

Nintendo makes its Switch sales projection better due to rising expectations for hardware releases.

In a strategic move to maintain its dominance in the gaming industry, Nintendo has announced an upward revision of its full-year Switch sales forecast. The company now expects to sell…

South Korea is taking big steps to facilitate foreign access to the FX market.

SEOUL, South Korea – In a significant move to bolster its standing as an attractive destination for offshore investors, South Korea’s finance ministry announced a series of measures aimed at…