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WHAT'S NEW?: Moves away from traditional, hierarchical, full-time structures towards a gig and shared economy continue apace. New models of virtual working and work anywhere, anytime for anybody are likely to grow dramatically in the coming years.

  • [New] Shinhan Bank Kazakhstan (local subsidiary of Shinhan Bank in Kazakhstan) will not only help Korean business companies enter Kazakhstan but also contribute to strengthening efforts to attract funds from MNCs (multinational corporations). The Astana Times
  • [New] The Shinhan Financial Group plans to become a top multi-finance company representing the Central Asian region within three years by expanding its business in the regions of products, channels, and markets by combining the financial know-how of Shinhan Card. The Astana Times
  • [New] Generative AI will continue to accelerate AI adoption in India with more leading organizations exploring or investing in its use cases. Lokmat News
  • [New] New refining capacity is forecast to boost product supplies to global markets to 1.4 mb/d through mid-decade before edging lower to 1.2 mb/d by 2030 given the steady rise in domestic demand. IEA
  • [New] Beijing's plan to boost manufacturing without turbocharging consumption will create overcapacity, flooding global markets, squeezing overseas competitors, and risking trade wars with Western countries. Asia Society
  • [New] Over the forecast period, adoption of provisioned services by enterprises will surge, surpassing hardware share by 2026 for the first time. Caribbean News Global
  • [New] Combined enterprise and service provider spending across hardware, software, professional services, and provisioned services for edge solutions will sustain strong growth through 2027 when spending will reach $350 billion. Caribbean News Global
  • [New] Expanding cooperation between Central Asian countries, experts noted, will diversify East-West trade corridors and increase access to global markets. The Astana Times
  • [New] Thomson Reuters announced its first brand refresh in 16 years, which will emphasize its commitment to investing in products and technology that leverage generative AI. Accounting Today
  • Vale's major competitive advantage relies on its potential to grow a high-quality solutions portfolio, expected to reach 340-360 Mt production by 2026, including 50-55 Mt of agglomerated products (100 Mt in 2030+) with low capital intensity. MarketScreener
  • Cotton production in southern Afghanistan is expected to be near average as it was not significantly impacted by the drier start of the wet season and is supported by groundwater. Fews Net
  • In urban areas, at least one in five households are engaging in coping strategies indicative of Crisis (IPC Phase 3) as high unemployment rates amid a large influx of returnees from Pakistan and Iran keep household access to casual labour opportunities low despite declining food prices. Fews Net
  • NSW National Parks and Wildlife Service will be conducting a baiting program using meat baits and canid pest ejectors containing 1080 (sodium fluoroacetate) poison for the control of wild dogs and foxes. NSW National Parks
  • With the exponential growth of digital services and the increasing need for robust data capacity, the 34 MW data center in Lagos will play a crucial role. NaijNaira
  • There are currently 1019 women in the AFP's sworn (police, PSO, and recruit roles) workforce (consisting of 23.8% of the sworn workforce), and 2293 women in the unsworn workforce (consisting of 61.4% of the unsworn workforce). Australian Federal Police
  • At the Mobile World Congress, GSMA announced that its Climate Resilience and Adaptation Fund which is funded by the UK's Foreign, Commonwealth and Development Office will test and scale up new technology in African and Asian climate-affected countries. Businessday NG
  • Production of onion in 2023-24 is expected to be around 254.73 lakh tonne compared to around 302.08 lakh tonne last year due to a decrease of 34.31 lakh tonne in Maharashtra, 9.95 lakh tonne in Karnataka, 3.54 lakh tonne in Andhra Pradesh and 3.12 lakh tonne in Rajasthan. Daily Pioneer
  • Protracted shipping disruptions could push manufacturers to seek options closer to their end-user markets, rather than tapping the stretched supply chains in Asia. Unofficial Networks LLC
  • If food production declines, more food will be imported, which merely displaces the environmental consequences of food production to other parts of the world. The Conversation
  • The US and the EU have huge subsidy schemes to promote the green transition, and while the UK is reasonably competitive in some green technology, new investment could bring new growth and reduce dependency on overseas energy. The Conversation
  • Outdoor workers in the US have up to 35 times the risk of dying from heat exposure than the general population. The Guardian
  • In 2024, consumers will buy products from brands directly in social media apps more than third-party websites and brand websites. Hubspot

Last updated: 18 March 2024



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