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Gross domestic product expanded 5.6 per cent, surpassing the median 5.5 per cent growth seen in a survey of economists. The economy grew at a similar pace from a year ago in the final quarter of the year, while on a quarter-on-quarter basis, it clocked 2.1 per cent.
WASHINGTON (Reuters) -- The Federal Reserve left interest rates unchanged on Wednesday but took a major step towards lowering them in coming months in a policy statement that tempered inflation concerns with other risks to the economy and dropped a longstanding reference to possible further hikes in borrowing costs.
Soo Kim, previously a U.S. Central Intelligence Agency analyst, is principal technical adviser on defense acquisitions and sustainment at policy consultancy LMI in Tysons Corner, Virginia.
Norway says its controversial decision to approve deep-sea mining is a necessary step into the unknown that could help to break China and Russia's rare earths dominance.
For South Korea, 2023 marked a big win for its esports industry, especially for Riot Games’ League of Legends (LoL), one of the world’s biggest esports titles. Korea bagged two of the seven gold medals for esports, including one for LoL, at the Asian Games in the Chinese city of Hangzhou.
Similarly, India recognises the need to bolster its geopolitical position in the Western Pacific. Thus, while the Indo-Pacific concept integrates the Indian and Pacific oceans into one strategic region, dominant discourses of the region remained primarily centred on the latter.
Poor women shoulder the worst effects of rising water in the Indian delta, highlighting key lessons on building climate resilience.
In order to drive the progress and development of innovative solutions that tackle climate change and help the environment, there needs to be regulatory frameworks in place that help companies make bolder steps forward, top industry CEOs told CNBC.