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A New Center of Economic Power: How Global South is Redefining Itself
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According to the Global South Development Achievements and Challenges Report 2025, published by the Global South Research Center—an international research platform involving experts from both Southern and Northern countries, the collective rise of the Global South is no longer peripheral but central to shaping the future world order. The report argues that at a…
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Rupee Gains as Dollar Slips, India–EU Deal Lifts Sentiment
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The Indian rupee edged higher on Tuesday, supported by a weaker U.S. dollar and improved market sentiment ahead of a potential India–European Union trade agreement. Reuters reported that the rupee strengthened 0.13% to 91.8225 against the dollar by 10:50 a.m. IST, paring some losses after touching a record low of 91.9650 last week. Despite…
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World Enters Era of Global Water Bankruptcy: UN Report
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The world has entered an era of “global water bankruptcy,” with consequences that may no longer be reversible, according to a new report by the United Nations University. Nearly three-quarters of the global population now live in countries classified as water-insecure or critically water-insecure. About 2.2 billion people still do not have access to…
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India to Lower Tariffs on European Cars in Push Toward Trade Agreement
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India plans a sharp reduction in tariffs on cars imported from the European Union (EU), lowering duties to 40% from as high as 110%, Reuters reported. As New Delhi and Brussels move closer to sealing a long-awaited free trade agreement, Reuters reported that Prime Minister Narendra Modi’s government has agreed to immediately slash import…
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Global economy looks resilient but the foundations are weakening, UN warns
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The global economy has proved more resilient than expected but that resilience is masking deep structural problems that threaten long term development according to the United Nations World Economic Situation and Prospects 2026 report released last week. Speaking at the launch of the report Navid Hanif Assistant Secretary General for Economic Development at UN…