Montenegro to elect president in tight race after year of deadlock

By Aleksandar Vasovic PODGORICA (Reuters) – Montenegro holds a run-off presidential election on Sunday in which long-time incumbent Milo Djukanovic faces a strong challenge from a Western-educated economist who has promised a fresh start after a year of political deadlock.     Djukanovic, 61, has dominated Montenegro as president or prime minister for 33 years, …

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Indian states likely to fall short of spending targets, posing growth risk – economists 

By Ira Dugal MUMBAI (Reuters) – Twelve large Indian states, which have released their local budgets over the past few weeks and forecast aggressive spending growth in 2023-24, are likely to fall short of their targets posing a risk to economic growth, experts said. The states – including Maharashtra, home to the country’s financial capital …

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Analysis-From manual pricing to ChatGPT: How Air India is transforming under Tata

By Aditi Shah and Tim Hepher NEW DELHI (Reuters) – Air India, until recently tied to an antiquated manual pricing system when setting airfares, is shifting to algorithm-based software long used by rivals to help it squeeze out more revenue from each flight. In another sign of the formerly government-owned carrier’s whirlwind transformation under its …

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China needs to step up fiscal policy help for its economy – vice Finance Minister

BEIJING (Reuters) – China needs to step up fiscal policy assistance for its economy, Vice Finance Minister Zhu Zhongming said on Friday, adding the country will move steadily on implementing preferential tax and fee policies. China will effectively ease tax burdens of small firms and household businesses as its small firms still face many difficulties …

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Taiwan calm in face of China raising tensions, President Tsai says in New York

By Hussein Waaile, Michael Martina and Ben Blanchard NEW YORK/TAIPEI (Reuters) -Taiwan has remained calm in the face of China “deliberately” raising tensions, President Tsai Ing-wen told an event during a stopover in New York that so far, according to Taipei and Washington, has not triggered unusual military actions by China. Tsai arrived in New …

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China to boost regulatory oversight of digital economy -central bank official

By Joe Cash BOAO, China (Reuters) -China will beef up its regulatory oversight of the digital economy, as new technologies, especially new forms of finance, should not be blindly accepted and recognised, a deputy governor of the central bank said on Friday. Digital currencies and newly invented cryptocurrencies, rather than solving problems in finance, can …

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