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President Tinubu writes NASS, seeks approval for N1.77trn fresh loan

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President Bola Tinubu has formally requested approval from Nigeria’s National Assembly for an external loan of $2.209 billion (₦1.767 trillion) as part of the country’s 2024 budget financing.

This borrowing plan aims to address a portion of the ₦9.17 trillion fiscal deficit outlined in the 2024 Appropriation Act.

In a letter to the Senate and the House of Representatives, President Tinubu explained that the loan, which will be raised through Eurobonds or other external borrowing instruments, is a key component of Nigeria’s broader fiscal strategy.

The request aligns with the provisions of the Debt Management Office (DMO) Establishment Act, 2003, and has already been approved by the Federal Executive Council (FEC).

In addition to the borrowing request, the President also forwarded the 2025–2027 Mid-Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP), which had been approved by the Federal Executive Council on November 10, 2024, to the National Assembly.

The Senate has been urged to expedite the passage of the MTEF/FSP, and it has been referred to the Senate Committees on Finance and National and Economic Planning.

To expedite the process, the President appealed for swift legislative action, emphasizing the need for the National Assembly’s approval to implement the borrowing plan and ensure effective execution of the 2024 budget.

Senate President Godswill Akpabio has referred the matter to the Committee on Local and Foreign Debts, chaired by Senator Aliyu Wamako, with instructions to report back within 24 hours.

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Deepseek Game Changer! AI World in Shock with Breakthrough

Alaro Nigeria

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Deepseek Game changer! Ai world in shock!!

Did you know the launch of Deepseek’s R1 model shook the tech world? It caused American tech firms to lose over $1 trillion in market value. Even Nvidia, a leader in artificial intelligence, felt the hit as investors looked at the market differently. This deepseek game changer! ai world in shock!! event shows how new AI tech is changing our industry.

Looking into Deepseek’s advanced tech, we see it’s more than just numbers. It marks a big step in AI’s evolution. People are noticing, with plans to invest $500 billion in U.S. tech to stay competitive. Deepseek offers R1 at much lower prices than old AI methods. This changes how we think about pricing in a big way.

What R1 can do is still being revealed. It might even do better than models from OpenAI and Meta. To us, it’s more than a tech upgrade. It’s a wake-up call to a new AI era that needs our focus and change. Deepseek is setting the stage for amazing AI possibilities.

Introduction to Deepseek’s Revolutionary Technology

Deepseek is ushering us into a new era of artificial intelligence with its R1 model. This model is a game-changer, shaking up the tech world by challenging big names like OpenAI and Meta. Its success is evident, as it recently became the top free app in the US on Apple’s App Store.

The launch of Deepseek has significantly altered the technology landscape. For example, Nvidia saw its shares fall by 17%, which meant a huge $600 billion loss in its market value. This situation shows the challenges that old companies face in keeping up with innovations like Deepseek, which was developed for just $5.6 million.

Deepseek’s impact goes beyond the current market to affect the future of AI. It’s prompting investors to pour more money into AI technologies in the US, setting up a competition, especially with China. This trend emphasizes the need for US companies to keep innovating to stay ahead.

Deepseek’s popularity isn’t just a fleeting trend. It reveals a genuine need for affordable, effective AI solutions. Companies are using Deepseek to make customer support better and to create content more efficiently. This technology is transforming how businesses operate in many industries.

By applying deep learning in new ways, Deepseek is creating a benchmark for affordable AI tech. It’s starting conversations about making powerful AI tools accessible to more people. This could make the marketplace more democratic, benefiting a wider audience.

Understanding Deepseek: A New Player in AI

Deepseek has quickly become a big name in the artificial intelligence world. Starting as a startup in China, it has attracted lots of attention. It became the most downloaded free app on Apple’s US App Store fast. This shows how much people want new AI technology.

Deepseek built its R1 model with just $5.6 million. This is much cheaper than what big companies like OpenAI spend. This cost-effective strategy makes people wonder about Deepseek’s future money-making potential.

The AI market is changing fast with lots of global competition. Countries like China are spending a lot on AI technology. This is changing the game for big companies. For example, Nvidia’s shares fell by 17%, which means they lost about $589 billion in value. This shows big changes in the AI industry.

Deepseek faces both challenges and chances as it competes in this tough market. With all the intense competition and interest in new solutions, we’re excited to see what happens next in AI.

Deepseek Game changer! Ai world in shock!!

Deepseek R1 is making waves as an ai transformation disruptor. It stands out by blending unique features not seen in current models. By focusing on open-source tech, it welcomes developers and entrepreneurs to join the creation process. This openness lowers the hurdles for those wanting to enter the field. Plus, its development cost, a mere $5.6 million, is much less than the billions spent by big names like OpenAI. This affordability might lead to new, innovative uses of groundbreaking artificial intelligence.

What Makes Deepseek R1 Unique?

Several things make Deepseek R1 stand out. For one, it quickly became the top free app on Apple’s US App Store. This shows that a lot of people are excited about it. The R1’s blend of top-notch performance and user-friendly design attracts many. Its quick growth hints at even more chances to make money as more people show interest.

The Impact on the AI Landscape

Deepseek’s sudden arrival is changing the game in AI. It caused a big stir, making a company like Nvidia lose 17% in market value. That’s almost a $600 billion drop. It shows how new players like Deepseek can challenge the old guard. This change encourages more competition and pushes for more innovation. It might even change the economy worldwide, especially with many countries investing in groundbreaking artificial intelligence.

A Dramatic Shift in Market Dynamics

The introduction of DeepSeek marks a major change in the AI market. When it became the top free app in the US on Apple’s App Store in just a weekend, it caught the attention of big names like Nvidia.

Nvidia’s stock fell by 17%, leading to a nearly $600 billion loss in value. This shows how a new player like DeepSeek can change the game quickly. It offers affordable AI solutions, shaking up the competition.

DeepSeek was cheap to make, costing about $5.6 million. This is much less than what others like OpenAI spend. Despite worries over its cheap production, people are very interested in DeepSeek. This suggests it could make money in the future.

Because of DeepSeek, more money is flowing into AI research and development. This launch shows competition can drive innovation. It also points to a big race in Asia, especially with China’s heavy investment in AI.

DeepSeek’s success is changing the AI industry. Big companies now have to fight harder and think differently. This not just affects these companies, but it’s also changing the whole global tech scene.

CompanyMarket Cap LossDevelopment CostDownload Rate
Nvidia$600 billionHigh
DeepSeek$5.6 millionMost downloaded

X Factors Behind Deepseek’s Launch Success

Deepseek quickly became the top free app on Apple’s US App Store. This shows how much impact it has. It proves that deep learning tech is changing fast, and Deepseek is leading the way among AI platforms.

Rapid Ascent in App Store Rankings

Deepseek’s swift climb in the app store is a big deal. It shows people are eager for new AI solutions. It got lots of downloads fast, hinting it could make good money. Meanwhile, Nvidia saw its shares drop 17%, losing nearly $600 billion in market value.

This big change is a wake-up call for big companies. They might have to think over their plans and money because of Deepseek’s rise.

Public and Investor Reactions

Investors are looking closely at Deepseek’s low $5.6 million development cost. That’s way less than what big US AI companies like OpenAI spend. There are worries about whether saving so much can still mean top quality.

Yet, many think Deepseek’s win could start a rush of new AI tech investments in the US. This could change what firms focus on and how they compete.

FactorDeepseekNvidia
Recent Market ReactionMost downloaded app on Apple’s US App Store17% drop in share prices
Market Value LossN/AApprox. $600 billion
Development Cost$5.6 millionBillions
Investor ConcernsPotential for monetizationMarket share erosion
Future PredictionsIncreased competitive innovationReassessment of business models

Comparing Deepseek R1 with Established AI Models

In the world of artificial intelligence, comparing new models like Deepseek’s R1 to older ones helps us see their value. The R1 model shines with its new approaches, better metrics, and lower costs. When we look at R1 and compare it to OpenAI’s ChatGPT or Meta’s AI, we find strong reasons why more people pick R1 for their projects.

Performance Metrics Against Competitors

The R1 model has beaten traditional standards set by other models. It can think through things more deeply, searching across 50 websites. This makes it do better than models like ChatGPT, especially when it handles Chinese queries quickly. Let’s look at some main performance points:

FeatureDeepseek R1OpenAI ChatGPT
Processing Speed (Chinese Queries)FasterSlower
Model Parameters600 billion175 billion
Web Search CapabilityUp to 50 sitesLimited

Cost Advantages of Deepseek R1

Deepseek’s R1 is a more budget-friendly choice in AI. Making R1 only cost about US$6 million, much less than what big companies like Meta and Google spend. For startups and businesses, R1 offers big savings with its cost. It stands out by lowering the bar for new creators, offering an open model for everyone to use and build on.

Implications of Deepseek’s Open-Source Model

Deepseek’s R1 launch as an open-source model is a big change in AI. It lets developers around the world work together on it. This way, experts can make Deepseek’s AI even better.

Open-source has already made tech better before. R1 could do the same, letting developers improve it without big costs. This could lay the groundwork for new AI breakthroughs.

R1’s open-source model might lower AI costs, making it easier for everyone to use. It has shaken up the tech world, causing big companies like Nvidia to lose a lot in market value.

By working together, developers create a strong community. R1 is great at learning and understanding language, which opens up many chances for new ideas.

AspectTraditional AI ModelsDeepseek R1 Open-Source Model
Cost of DevelopmentHighFraction of the cost
PerformanceCompetitivePotentially exceeds rivals
Innovation SpeedSlowerAccelerated through collaboration
Market ImpactStableShift in investor confidence
Accessibility for DevelopersLimitedHighly accessible

The Economic Impact of Deepseek’s Entrance

Deepseek’s arrival has changed the game in tech. The market values of big tech companies have shifted a lot. Investors are now paying close attention to these changes. They’re eager to see how this shakes up the competition.

Market Value Changes Among Tech Giants

When Deepseek joined the AI scene, it shook up the market. For example, Nvidia’s stock fell by 17%, losing almost $600 billion in value. These big changes show how new players can really disrupt the market.

Potential for Future Investments

Tech companies are hustling to adjust to these new challenges. There’s a lot of buzz about investing more in AI. Deepseek can make advanced AI for just $5.6 million. This fact is making investors think twice about where to put their money.

CompanyMarket Value Decline ($ Billion)Percentage Stock DropCost of AI Model Development ($ Million)
Nvidia60017%1.2
Other Tech GiantsTrillions (combined)N/AN/A

As the competition changes, big companies need to think differently. They have to be innovative while still pleasing their customers. Deepseek’s impact is huge, spelling a new chapter for tech investment.

Insights from Industry Experts on Deepseek

Various industry experts share their thoughts on how Deepseek is changing the AI world. They believe Deepseek’s success is a warning to well-known companies. With the AI area getting more crowded, they say companies must be quick to bring new ideas if they want to stay in the game.

Deepseek was made for just $5.6 million, much less than what big companies like OpenAI spend. This low-cost way of doing things is making people take note. Experts think this could mean new tech might pop up without costing a lot.

Experts are talking a lot about how fast Deepseek is being downloaded. Becoming the top free app on Apple’s US App Store in just a weekend shows people are really interested. This might lead to new ways to make money that could change the market.

We’ve put together more thoughts from experts in a table below. It shows what they think Deepseek means for the future of AI:

ExpertInsight
Market AnalystNotes the rapid download rate as a sign of aggressive user interest, which may drive future growth.
Tech EntrepreneurExpresses that traditional companies must innovate faster to combat competitive pressures from newcomers like Deepseek.
Finance ExpertHighlights Nvidia’s shocking market cap drop of nearly $600 billion as a reflection of the shifting landscape.
Data ScientistConcerned that AI’s evolution could outrun the compliance measures of established players.

Deepseek’s market entry has big effects. As experts look into it, we anticipate more talks on how it will influence AI tech and leading companies.

Cultural and Global Context of AI Advances

In today’s fast-changing tech world, knowing the cultural impact of AI growth is important. Countries are vying for dominance in this field, with the US and China at the forefront. This competition is shaped by their cultural values and national goals, affecting tech advancements.

International Competition in AI Technology

DeepSeek’s AI assistant launch has shaken the global tech scene, highlighting fierce global rivalry. Nvidia saw a massive $593 billion market value drop after DeepSeek’s breakthrough. Stocks fell by 17% in just one day. This shows how fast things can change, shaking up the usual power balance.

DeepSeek’s AI overtook ChatGPT in downloads in big markets like the US and the UK. This quick success shows how big companies are worried. They fear losing ground to new, advanced technologies.

The Philadelphia semiconductor index had its biggest fall since March 2020. It shows the market’s reaction to the changing competition. Nvidia’s struggles underline the importance of being flexible. Today, the tech industry’s growth is fueled by innovators and new ideas.

This shift towards a more open tech industry is clear. As nations pour money into AI, the global scene is changing. The fight is now about more than just tech skills. It’s also about being sustainable and ethical in tech development.

Environmental Considerations in AI Development

The rise of AI technologies like DeepSeek raises environmental impact worries. As we make more AI, we use more energy. This causes our carbon footprints to grow bigger. This calls for a move to sustainable technology.

To avoid harming our planet, we must look at these challenges closely. If we don’t, we might cause damage to Earth.

AI needs a lot of power for its data centers and computations. Developers should think about their environmental effect. With AI models like DeepSeek’s R1, which has 600 billion parts, we must watch out for bad outcomes.

Competition might make the tech world focus more on being green. Companies will likely try to be more eco-friendly. They’re seeing that people now want innovations that are kind to the Earth.

AI ModelDevelopment Cost ($ Million)Parameters (Billion)Environmental Impact Rating
DeepSeek R15.6600Low
OpenAI ModelsOver 1000VariesHigh

As new innovators pop up, we need to work together for sustainable technology. By joining forces, we can make AI that’s good for our planet. This way, AI’s benefits won’t cost us the Earth.

Future Trends Following Deepseek’s Breakthrough

Deepseek’s story opens up thrilling possibilities for the AI world. We see future trends that will shape this industry by studying this big step forward. Things like market changes, new ways of investing, and rules will be key in the industry’s growth.

Predictions for the AI Industry Landscape

Following Deepseek’s arrival, we foresee important trends affecting the AI field. With major tech companies like Nvidia losing over $1 trillion, there’s a loud call for new ideas. This big drop shows we must be creative and strong to deal with market ups and downs.

There will likely be more spending on tech setups as people aim to stay ahead. A plan to invest $500 billion, suggested by former President Donald Trump, points to boosting our tech strength. This plan is about making sure American companies are strong players worldwide.

With competitive pricing, Deepseek’s R1 model could make high-end AI tools more available. This move could help startups grow, making a space full of new ideas. Its open-source approach might also speed up global teamwork, pushing faster progress in AI.

future trends in AI industry landscape

Early tests show R1 model’s impressive speed and efficiency, hinting at a boom in AI investment. Firms might change their strategies, focusing on the newest tech to stay in the game. The industry might see new partnerships, all aiming to be top in the global market.

The industry is at a turning point, looking at innovation just as much as quality. Even though Deepseek’s fast growth sparks sustainability worries, these issues often lead to more breakthroughs. It’s crucial to understand these trends for anyone navigating the changing AI scene.

Municipal Responses and Government Policies on AI

As AI competition heats up, with newcomers like Deepseek on the rise, cities and governments are responding. They see the importance of keeping up with fast tech changes. Their goal is to support innovation while keeping us safe.

Some areas are acting by balancing encouragement of tech growth with ethical practices. Cities are teaming up with tech companies for AI tests. They also set rules for AI’s safe and fair use. These efforts show cities understand AI’s big role in different fields.

At the national level, the Biden administration is checking its AI policies. They aim to fix past policies that might have hurt US tech progress. This is to keep up with global tech advancements, including those influenced by Deepseek.

For instance, some rules on tech exports faced criticism for not being effective. This has led to rethinking how policies are made. The goal is to create a system that values both safety and advancement. This requires open talks between governments and tech companies.

Government ActionDescriptionImpact
Incentives for AI StartupsLocal governments offer tax breaks and grantsBoosts innovation and attracts talent
Regulatory FrameworksEstablish guidelines for AI ethics and safetyPromotes responsible AI development
Review of Export ControlsReassessing restrictions impacting U.S. competitivenessPotential for increased market strength

Challenges Faced by American Tech Companies

The tech industry is facing big challenges today. DeepSeek’s rise as the top free app on the US App Store shows a major change in what apps people like. It makes everyone wonder how the big tech companies will deal with this new challenge.

DeepSeek’s impact on Nvidia was huge, with a 17% drop in shares. That means Nvidia lost almost $600 billion in market value. This big loss shows how unpredictable the tech sector can be. DeepSeek was made with only $5.6 million, which is nothing compared to the billions spent by big companies like OpenAI. Now, these big companies might find it hard to keep up.

American companies are also facing tough competition from overseas. For example, China is investing a lot in AI to get ahead by moving faster and spending less. American companies might need to rethink how they spend money and develop products to stay in the game.

DeepSeek’s quick popularity shows there are big chances for making money and growing that American companies shouldn’t miss. But, experts say that the usual big names in AI might have a hard time adjusting to new competitors like DeepSeek.

The excitement over DeepSeek has also caused a big drop in the market value of tech stocks in the US and Europe, almost $1 trillion. This drop makes people question the worth of the biggest US tech companies. Looking ahead, the key will be how fast we can identify and tackle these new challenges.

Deepseek and the Future of Artificial Intelligence

Emerging players like Deepseek are changing the future of artificial intelligence. Their new ideas are pushing the whole industry forward. This makes even the big companies think hard about their own plans.

Deepseek is shaking things up, showing us that people want different and better options. Big AI companies are feeling the heat. They need to keep up with the fresh ideas that startups are bringing.

The race in AI technology emphasizes the need for being eco-friendly. New apps are being made with sustainability in mind. This is important to customers today and helps AI grow in a responsible way.

Analysts believe Deepseek could lead to more competition and innovation. They think the whole AI scene will focus more on what users want and keeping things affordable. We’re looking at a future filled with exciting possibilities because of these changes.

This tough competition and rush of new ideas promise a better AI world. We’re at a point where big shifts in technology are about to happen. Newcomers like Deepseek might be key in deciding the future of AI.

Conclusion

Deepseek changes the game in AI, starting a tech revolution. Its R1 model reshapes our view on AI’s potential, breaking new grounds. This leads to growth across many areas.

The rise in interest for Deepseek shows a major shift in tech. It presents a challenge to existing models. With Deepseek, the focus on artificial intelligence is growing strongly.

We expect tough competition as companies strive to keep up with Deepseek. The need for smart solutions is increasing. This will likely bring a stronger emphasis on sustainable AI development.

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TikTok Denies Rumors of Sale to Elon Musk as Fiction

Alaro Nigeria

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TikTok says report of potential sale to Elon Musk ‘pure fiction’

Imagine waking up to the internet buzzing with claims. Elon Musk, behind Twitter (now X) and SpaceX, wants to buy TikTok. Rumors quickly turned into a frenzy of viral talks.

In a world where rumors fly fast, the news grabbed everyone’s attention. The thought of Musk owning TikTok seemed both amazing and possible. This sparked a lot of reactions.

But TikTok quickly stepped in to stop the rumors. The company said the stories of its sale to Elon Musk were totally false. They called the buzz “pure fiction,” ending the speculation1.

This wasn’t the first time we’ve heard such big rumors. In the past year, TikTok has been in the news for security concerns. There was talk of a ban unless it was sold to a company not based in China by January 19th, 20251.

As talks of a TikTok ban grew, other platforms like Xiaohongshu became popular. They even reached the #1 spot on the US App Store1. Despite all the noise, TikTok made it clear — there’s no sale to Elon Musk.

Introduction to TikTok and Recent Rumors

TikTok has become a top site for short-video fun, thanks to its owner ByteDance. It has won the hearts of millions around the globe. Recently, a buzz hit the internet with talks of Elon Musk maybe buying TikTok2. This news spread fast, making many people talk about it.

Now, TikTok’s impact in the social media world is huge. It’s key to ByteDance’s success. Often, it’s the target of various rumors. The buzz about Elon Musk possible buying it is a prime example. Such talks show how powerful social media can be in stirring conversations. It sparked a lot of excitement and speculation about big tech deals.

TikTok’s Official Statement on the Rumors

TikTok quickly responded to the rumors that Elon Musk was buying the company. The Company Rebuttal said there were no talks with Musk or anyone else about selling. They stressed their goal to keep growing independently, all over the world.

TikTok’s CEO, Shou Zi Chew, addressed the matter, stating, “We stand firm in our dedication to providing a secure platform for our users, free from external acquisition influences.”

People had mixed feelings about TikTok’s statement. Some were happy TikTok planned to stay independent. But others were not sure what might happen in the future. This shows the tough competition and attention in the world of social media.

Rumors can greatly affect companies. For instance, in 2020, President Trump threatened to ban TikTok unless it was sold to a US company3. This led to big worries and legal issues for TikTok, including trouble with lawmakers and court cases4. Facing these challenges, TikTok needs strong responses to keep people’s trust.

TikTok saying it wants to stay independent is very important. Their clear message has eased some worries for now. But in the fast-changing tech world, TikTok must stay alert and communicate well. This is key for their future.

History of TikTok and Elon Musk

TikTok started in 2016 and grew fast. It’s part of ByteDance, a Chinese company. It quickly became loved for its music, dance, and video content. It has been downloaded millions of times all over the world. Recently, rumors about its sale have stirred up a lot of talk.

Elon Musk often finds himself linked to TikTok talks. He’s known for Tesla, SpaceX, and buying Twitter in October 2022. His actions in tech news always catch attention. This makes him a person of interest in the TikTok sale story.

In December 2022, the Supreme Court decided TikTok needs a new owner by January 19, 2025. If not, it could be banned in the US. This has a huge impact on American TikTok users1. Elon Musk is considered a possible buyer, which makes the situation even more fascinating.

The ban talks have made apps like Xiaohongshu more popular. It even reached the #1 spot on the US App Store. This shows the big effects of sale rumors and government actions. Technology news is closely watching these changes.

The interaction between TikTok’s growth and Musk’s career is interesting. It provides a good look at what might happen next. People following tech news are eager to see what happens with TikTok and its users.

Why the Rumors Spun Out of Control

Many people are talking about TikTok possibly being sold to Elon Musk. Musk’s habit of buying companies has everyone watching closely. This attention makes people speculate, especially in the digital and investment worlds.

TikTok’s power worldwide adds fuel to the fire. It’s often in debates about politics and data security. Because so many people use TikTok, news about it spreads fast.

There’s worry about the business world in 2025. Experts like Adrian Negrescu think it’ll be a tough year. They predict less spending, which is bad for businesses, and fear many could go bankrupt5.

Over 1,000 investors feel now is not the time for new investments5. Analysts, however, see chances for companies that can adjust. This mix of views, plus non-stop news on social media, means rumors keep growing.

The Impact of Online Rumors on Businesses

In the digital world, online rumors can quickly hurt a company’s image and finances. The tech world sees many rumors about company sales, affecting stock prices and stability. For example, when rumors spread about TikTok being sold to Elon Musk, it caused a lot of trouble. This situation tested TikTok’s relationship with its users and even its stock value. Both investors and users started to doubt, leading to big changes in the market’s trust6.

Rumors can make or break user interest in a company. Take Nvidia, which suffered from US policy changes on AI chip exports. This pushed their customers to think about moving to competitors2. TikTok faced a similar challenge. It had to work hard to win back the trust of users and investors by being open and honest3.

The effect of rumors can be seen in numbers too. Take Bank of Baroda’s deposit schemes. They offer special rates to keep users interested during unsure times6. This shows how important it is for companies to make smart choices to keep the market calm amidst rumors.

Looking at power outages like those by PECO also helps us understand user trust3. In short, online rumors can shake up different industries. Companies must work carefully to keep everything balanced and maintain trust.

TikTok says report of potential sale to Elon Musk ‘pure fiction’

TikTok has shot down rumors of being sold to Elon Musk, labeling the idea as ‘pure fiction’. This move is to keep the market stable and assure its many users. By clearing up these sale claims, TikTok wants to stay open and trusted.

The baseless rumors had sparked a lot of buzz, causing confusion and worry. By saying the report of Elon Musk buying TikTok is ‘pure fiction’, it aims to calm everyone down. TikTok’s quick action shows its dedication to stop false information effectively.

When faced with rumors, it’s vital for companies to react quickly to protect their place in the market. TikTok’s immediate and clear stance reassures its community and investors. It shows the platform is focused on growing and innovating, ignoring unfounded claims.

The Role of Social Media in Spreading Rumors

In our digital world, social media is key in sharing info. It’s powerful but can also harm. Rumors spread fast, thanks to popular users and public guesses. This makes it hard to know what’s true. About 65% of folks bump into rumors on platforms like Facebook often. And 85% think social media makes rumors fly faster7.

When influencers talk about rumors, people listen. If a followed personality shares a rumor, 44% might believe it. This shows how vital social media is for spreading real and fake news. Sadly, 71% have passed on fake news without realizing it. Viral stories often mix fact and fiction7.

Sites like TikTok are breeding grounds for rumors. Influencers here can make big waves, even with no proof. For instance, when rumors said Elon Musk might buy TikTok, it caused a huge stir. Yet, there was no real proof7. Such stories can badly hurt reputations. In fact, 1 in 4 rumors on social media can damage like this7.

Analysis of TikTok’s Market Position

TikTok’s standing in the digital media world remains strong, despite some rumors. The app has used its smart algorithms to keep a lot of users around the world. Our study shows that people keep using TikTok a lot. This keeps TikTok important in tech news.

TikTok is doing well in the market. It kept its financial strength over the last day. We saw a small price change from ₹86.21 to ₹87, which is very steady. Also, its market cap went up by ₹6,17,76,64,522. This shows TikTok can hold its ground even when tech changes happen8.

Looking at the past week, TikTok stayed stable. On January 13, 2025, its price was ₹86.61. The total sales were huge, and its market value was great8. The day before, the price was a bit lower. Yet, its market value and sales were still strong8. This tells us TikTok can keep up in a tough market.

Overall, TikTok is doing well because of its new ideas and keeping users interested. As the tech world changes, TikTok is expected to stay at the top. It’s a leader among digital platforms, thanks to its smart moves.

Elon Musk’s History with Acquisition Rumors

Elon Musk is well-known in the tech world, often linked to big acquisition rumors. These stories can shock the stock market and get people guessing about what will happen next. One big event was in 2018 when Musk thought about taking Tesla private. This move got a lot of media attention and made regulators take a closer look9. Musk’s words and actions can really move the market.

In the news recently, Bloomberg said on January 14, 2025, Musk might want to buy TikTok’s U.S. operations10. This came up right before a big deadline on January 19, 2025, for TikTok to settle its issues with the U.S. government10. With a new president in office, there’s more focus on tech companies from other countries10.

Musk’s interest in businesses shows in the bold, different ways he handles things. Experts think buying TikTok could mean big changes for the app. This might upset some users10. It’s like when he bought Twitter and then changed a lot of the rules right away9.

Musk’s way of dealing with rumors about buying companies is interesting to watch. His actions and words can shape the way people and the market react9. Musk has a knack for swaying tech and business worlds, making him a standout figure.

TikTok’s Strategic Plans Ahead

TikTok is setting big plans for its future to keep growing. It aims to get better at technology and reach more people around the world. This will help it stay ahead in the world of social media. TikTok is working on cool new changes to make users enjoy the app more and keep it running smoothly. It is believed that TikTok’s business in the US is worth a lot, showing how important it is in the market11

TikTok wants to make its app know you better by using smarter AI. It’s also looking into fresh features for all kinds of users. The app is planning to attract even more users not just in the US but also in countries like India, Switzerland, and Canada12. This shows TikTok’s aim to be a top name in the digital world.

A new US law could make TikTok’s owner, ByteDance, sell the app. This puts TikTok in a tough spot. But, the app has plans to face these tough times. Even with these issues, an investor is sure that TikTok will keep growing12.

What This Means for TikTok Users

TikTok users are deeply concerned about the stability of the platform. Recent laws aim to ban TikTok unless it changes ownership. This poses a big worry for its users9. The ban could start on January 19, creating a tight deadline for users and creators9. TikTok became very popular in the U.S. in 2020, sparking national security worries4.

TikTok user reactions vary, with some fearing for their data privacy. They’re worried about TikTok’s links to China and its security risks9. Creators are looking at other apps like Lemon8 as TikTok faces a ban9. This ban might mean TikTok disappears from Apple and Google stores, impacting many users4.

TikTok’s future and how users interact with it are linked to these events. FCC Commissioner Brendan Carr expressed concerns over TikTok for two years4. These issues affect the entire tech world as it tries to meet expectations and follow laws. User reactions are key in deciding what happens next with platforms like TikTok.

Many in our user community are stressed about the economic impact of a TikTok ban. An assistant professor warned that the ban could badly hurt creators and small businesses9. With creators moving to new platforms, this shows a big change and adjustment period in social media.

The Effect on TikTok’s Competitors

TikTok’s rivals are closely watching its latest moves. They’re ready to change their strategies. In the fast-paced world of social media, any slip by TikTok is a big chance for its competitors. Instagram and Snapchat, for instance, might boost their features and draw more users if TikTok falters.

There’s a lot of talk in the tech world about TikTok’s future. This is because the US wants TikTok’s owner, ByteDance, to sell or close it. The app could be worth up to US$50 billion13. It’s important to watch how these changes affect the social media market.

competitive analysis

Social media giants are using this chance to roll out new features. Snapchat has Spotlight, and Instagram has Reels, both similar to TikTok. They aim to attract TikTok’s users as the app faces more scrutiny13. This shows how important it is to be quick and adaptable in this industry.

Keeping up with competitors is key for all social media platforms now. What’s happening with TikTok will influence the whole industry. Everyone must keep an eye on these shifts to do well13. Watching the trends closely will be crucial.

The Role of ByteDance in This Situation

ByteDance, the owner of TikTok, plays a key role in dealing with current challenges. The U.S. Supreme Court has given TikTok until January 19, 2025, to find a new owner that isn’t based in China. This affects millions of users in America1. ByteDance’s choices are crucial now to keep TikTok on top and handle global concerns.

Despite worries about TikTok being owned by a Chinese company, ByteDance is working hard to build trust1. The speculation about who might buy TikTok, like Elon Musk or MrBeast, shows how complex the situation is. MrBeast, known for his huge online following, highlights the significance of the deal talks1.

To truly get ByteDance’s stance, we need to look at how they’re trying to make TikTok stronger. While these talks go on, Xiaohongshu (RedNote) became very popular in the US, showing the competition is fierce1. ByteDance says it’s not selling, showing they want to keep control and tackle the issues head-on.

Insights from Technology News Experts

Top experts in tech share their thoughts on how rumors might change the global tech scene. They point out how the possible TikTok ban in the U.S. is causing tension. This is a crucial time for TikTok, a part of ByteDance, as it might be removed from Apple and Google’s app stores. This could lead to big changes in how the tech world operates4.

The rise in attendance at major tech events like CES 2025 shows the power of in-person meetings. For example, over 6,000 people listened to Jensen Huang at CES 2025, which is more than the 5,000 attendees at past events like WWDC3. This trend of live events gaining popularity can also be seen in other areas, like Taylor Swift’s Eras tour3.

A deep dive into investment activities reveals lots of action. Large investors are short selling because of the unstable market, with the dollar and rupee showing big changes14. Yet, firms like Tata Technology and Bajaj Housing Finance are still doing well, proving their strength even when the market is rough14.

Tech companies must quickly adjust to new rules and market swings. The differences between Zomato’s success and Swiggy’s financial challenges highlight the variety in capital investment outcomes. These variations can point the way for future business strategies14.

In conclusion, our experts stress the need for companies to adapt and manage their tech wisely. How TikTok handles these difficult rumors and possible changes will affect the whole tech industry4.

Conclusion

In conclusion, the rumors about TikTok’s sale to Elon Musk were not true. However, this event highlights how quick news can change in the tech world. The speed at which stories spread on social media shows us how public views and the future of companies can shift quickly. These changes were clearly seen when the false reports came out.

Looking into TikTok’s responses and Musk’s past, we learn a lot about how rumors grow. The role of ByteDance and the tech industry plays a big part in understanding why these false stories pop up. It’s very important for investors and users to tell real news from fake news, experts say.

Our final takeaway is how digital marketing and tech news can alter what people think on a large scale. Staying up-to-date is the best way to not be fooled by false rumors online. This event teaches us to always check the facts carefully. This helps us keep our grasp on reality strong, even when false stories spread online15316.

Source Links

  1. https://tribune.com.pk/story/2522005/mrbeast-might-buy-tiktok-to-prevent-us-ban-will-he-save-the-app-from-shutdown – MrBeast Might Buy TikTok to Prevent US Ban – Will He Save the App from Shutdown? | The Express Tribune
  2. https://www.indiatoday.in/technology/news/story/us-announces-restrictions-on-exporting-ai-chips-how-the-move-can-impact-india-and-global-tech-industry-2664446-2025-01-14 – US announces restrictions on exporting AI chips: How the move can impact India and global tech industry
  3. https://daringfireball.net/ – One Bit of Anecdata That the Web Is Languishing Vis-à-Vis Native Mobile Apps
  4. https://bgr.com/business/tiktoks-wild-ride-how-the-hottest-social-media-app-found-itself-on-the-brink-of-a-us-ban/ – TikTok’s wild ride: How the hottest social media app found itself on the brink of a US ban
  5. https://www.afaceri.news/cum-va-fi-anul-2025-in-materie-de-afaceri-un-analist-da-raspunsul-anul-celor-ce-vor-avea-curaj/ – No title found
  6. https://economictimes.indiatimes.com/wealth/invest/bank-of-baroda-liquid-fixed-deposits-how-you-can-get-higher-returns-with-easy-partial-withdrawal-facility/articleshow/117225656.cms?UTM_Source=Google_Newsstand&UTM_Campaign=RSS_Feed&UTM_Medium=Referral – Bank of Baroda Liquid Fixed Deposits: How you can get higher returns with easy partial withdrawal facility
  7. https://www.caledonianrecord.com/news/national/california-governor-spars-with-musk-over-wildfire-lies/article_c84b457b-025b-5620-9ce7-0909a95ef9b1.html – California governor spars with Musk over wildfire ‘lies’
  8. https://www.latestly.com/cryptocurrency-prices-in-india/20250114/tether/ – Tether (USDT) Cryptocurrency Price in India today (14 Jan 2025): Check Latest Cryptocurrency Tether Price today in INR
  9. https://www.independent.co.uk/news/world/americas/china-tiktok-ban-elon-musk-b2679002.html – China considering TikTok sale to Musk: Report
  10. https://www.lafm.com.au/trending/entertainment/elon-musk-rumoured-as-potential-buyer-for-tiktok-us-amid-ban-threats/ – TikTok’s future hangs by a thread. Elon Musk is in the mix—will he save it or change it forever?
  11. https://www.spacedaily.com/reports/China_exploring_possible_sale_of_US_TikTok_to_Musk_report_999.html – China exploring possible sale of US TikTok to Musk: report
  12. https://www.yahoo.com/news/tiktok-responds-rumors-china-wants-030119538.html – TikTok responds to rumors China wants to ask Musk to buy platform: ‘pure fiction’
  13. https://www.nzherald.co.nz/business/china-exploring-possible-sale-of-us-tiktok-to-musk-report/LGHKHICCQBHVTMDXIWQHA3Y5AE/ – China exploring possible sale of US TikTok to Musk – report
  14. https://m.economictimes.com/markets/expert-view/fpi-selling-pressure-may-persist-due-to-rupee-depreciation-deven-choksey/articleshow/117224353.cms – FPI selling pressure may persist due to rupee depreciation: Deven Choksey
  15. https://www.aol.com/barack-obama-net-worth-2023-190152420.html – Barack Obama’s Net Worth in 2024: How He Made His Money
  16. https://knowinsiders.com/netflix-in-february-2025-full-schedule-of-new-movies-tv-series-and-specials-42654.html – Netflix in February 2025: Full Schedule of New Movies, TV Series, and Specials
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10 Game-Changing Trends for Global Economy 2025

Alaro Nigeria

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As we near 2025, we face a big question: are you ready for trends that will change the global economy? These changes will bring both huge possibilities and big challenges. They include renewable energy and digital changes focused on users, changing industries worldwide, especially in Nigeria. It’s key to understand these changes as they affect jobs and the global effort to overcome difficulties and find opportunities in these changes.

Experts say the Nigerian economy will stabilize by the third quarter of 2025. This makes now the perfect time to get ready1. The move towards sustainable practices, like Suzuki’s switch to clean energy, marks the beginning of an innovative era2.

Keep an eye out as we dive into trends that will deeply affect the global economy’s future.

The Rise of Renewable Energy Solutions

Renewable energy’s importance is growing as we fight climate change more. By 2025, leaders and businesses will focus on being clear and accountable. This will lead to big changes in how we use energy. Policies will start to fine fossil fuel companies for harming the environment. This creates a race for better fossil fuel alternatives3. Making these changes cuts down harmful emissions and opens doors for investing in clean energy technology.

Thanks to their lower costs and easy access, solar and wind energy are more popular than old energy sources. As countries aim to be more eco-friendly, they’ll invest more in renewable energy. This creates chances for Nigeria’s energy market to grow and adapt.

Renewable energy does more than just create power; it changes how we think about energy. This puts countries like Nigeria in a spot to lead the green revolution. By focusing on clean energy technology, they can grow their economy in a green way. This helps save our planet for future kids, while fighting climate change.

User-Centric Digital Transformation

The digital economy is evolving fast. Now, businesses focus on making digital transformations with the user in mind. By 2025, Nigerian companies will aim for personalized experiences. This is because today’s consumers expect more. E-commerce and digital channels require a new way to connect with customers.

Dr. Leo Stan Ekeh believes Nigeria will see economic growth by the third quarter of 20251. This growth will push companies to adopt new tech. It will help improve how users experience their services. With breakthroughs in AI and data analysis, businesses can better understand what their customers want.

For companies looking to succeed, a detailed digital transformation plan is key. Such a plan must focus on the users. This approach helps businesses stay relevant and competitive in Nigeria. Adapting to these changes will meet customer needs and aid companies in a global setting.

YearProjected Economic ZoneUser-Centric Initiatives
2023Initial TransitionIncrease in personalized marketing
2024Building PlatformsEnhancements in e-commerce experiences
2025Comfort ZoneBroad adoption of AI-driven user analytics

Focusing on user-centric models does more than just improve user experience. It keeps businesses competitive in Nigeria’s digital market. Companies that quickly adapt to these trends will benefit greatly. They’ll be able to meet the growing demand for cutting-edge solutions.

In conclusion, making business strategies with users at the center is a journey. It leads to growth and staying relevant in a changing digital world. The ability to adapt well will set apart the leaders from those falling behind in the digital age45.

10 Game-Changing Trends Set to Transform the Global Economy in 2025

By 2025, several key trends will change the global economy. These include an emphasis on going green. Industries are recognizing their duty to the planet. This shift towards sustainability shows in the rising use of renewable energy, especially in Nigeria.

Another major shift is due to tech innovations. These changes help companies work smarter and serve their customers better. As tech transforms how we do business, companies must adapt to stay ahead.

In Nigeria, the need for digital skills in the workforce is growing fast. There’s also a big push for sustainability, expecting major investments in the area. This includes a huge climate change fund that could provide $75 billion over the next 25 years6.

For lasting growth, companies and governments must embrace these shifts. By doing so, they can deal with the complex future of the global economy.

These trends could also shape Nigeria’s future economic plans. Sectors like tech and green energy are key for better economic outcomes.

Being aware of these changes is crucial for planning ahead. A future-focused mindset will be a big advantage as we move towards 2025.

Nigeria has a lot to gain from these global trends. By joining these efforts, it could play a big role on the world stage7.

Shifts in Global Trade Dynamics

Looking ahead to 2025, global trade’s landscape is changing fast. The rise of regional trade deals will greatly affect international markets. This will lead to big economic shifts. Nations like Nigeria, which are resource-rich and growing fast, must adapt to these new trade relations. They should use their unique strengths and deal with challenges like tariffs and changing laws to stay competitive.

These changes mean businesses must plan strategically. Knowing about current global trade trends helps companies stay strong and ready to change their supply chains when needed. This is vital for lasting success. Firms need to be flexible and use new methods that meet worldwide demands.

FactorImpact on Trade Relations
Regional Trade AgreementsEnhances cooperation and reduces trade barriers
Geopolitical ChangesInfluences market accessibility and competition
Technological AdvancementsStreamlines logistics and fosters innovation
Sustainability InitiativesDrives demand for eco-friendly products and practices
Emerging MarketsCreates new opportunities for investment and trade

By embracing these changes, huge benefits await. The goal is not just to get by but to excel amid economic shifts and new trade relations. To navigate the complex global trade scene today successfully, staying informed and active is crucial8.

The Impact of AI and Automation on Workforce

AI and automation are quickly changing the working world. This change forces us to rethink job market trends. Machines are starting to do tasks that people used to do. This shift will greatly change how we work. Tech, engineering, and healthcare will need more skilled workers. Studies show that in hospitals, 25% of admissions face safety issues. This fact shows the growing need for skilled healthcare workers to handle these problems9.

In Nigeria, it’s important for businesses and government to focus on tech education and training. They need to prepare folks for jobs that will require new skills because of AI and automation. These tech advancements will change many current jobs and create new ones, like in data analysis and robotics.

As companies aim for better efficiency, they will use more AI tools. This can make work smoother but could also lead to fewer jobs in some areas. Job seekers will need to be flexible and tech-smart. It will also be important to help everyone feel they can benefit from AI changes. By 2025, adapting to these shifts will be key to having a strong workforce that can handle new challenges and opportunities.

New Workforce: Skills for a Digital Age

The global economy is changing fast, and so are the skills needed to keep up. By 2025, knowing how to handle digital tools and understanding data will be key. Schools and colleges should get their programs up to speed to meet these new demands. This way, students will be ready for the job market of tomorrow.

In Nigeria, it’s important to help young people learn new skills. Training programs can fill the gap between what schools teach and what jobs require. These efforts help individuals do well and also boost the country’s economy.

Tata Sons chairman N. Chandrasekaran suggests making five lakh manufacturing jobs10. This shows how industries are changing, especially in making batteries and semiconductors10. Countries like India, with lots of resources and people, are in a good position because of these changes.

Thinking about the future? Learning more skills, like coding or getting technical certifications, can help a lot. Investing time in learning digital skills sets you up for many job opportunities ahead.

SkillImportance LevelTraining Resources
Data AnalysisHighOnline courses, Workshops
Digital LiteracyEssentialCommunity programs, E-learning platforms
Technical ProficiencyCriticalBoot camps, University programs

Working on these skills is a good idea for people and the country. It helps everyone do well in a world that relies more on digital abilities. It also supports ongoing growth that benefits everyone.

Bringing technology into education will make it easier for everyone to learn these important skills. Staying updated with these tech changes is vital for doing well in the future’s dynamic environment1112.

Sustainability and Corporate Social Responsibility

Today, sustainability and corporate responsibility are vital in business. They are more than just trendy terms. Companies worldwide are now praised for caring about the environment and their community impact. By 2025, those focusing on sustainability will be at the forefront. They will attract customers and investors who value similar principles.

Nigeria is at a crucial point where it can boost its competitive edge by embracing these ideas. Making sustainability part of the business plan helps the planet and brings people together. Companies taking up corporate responsibility can support projects that bond them closer to communities. They also meet their ethical business commitments.

The need for sustainable actions is clear due to startling data: forests make up about 31 percent of the Earth, home to 80 percent of land-based wildlife13. However, climate change is a real threat. Over 30 percent of man-made CO2 is absorbed by forests, making them vital for our climate13. To tackle these issues, sustainability initiatives are critical. They can help meet the targets of the Paris Climate Agreement and the Sustainable Development Goals13.

Corporate responsibility and sustainability can lead to a brighter future. Companies that engage in ethical business practices will lead their industries. They’ll make a positive mark on the wider community. Their growth will go hand-in-hand with caring for our planet.

Healthcare Innovations and Global Health Initiatives

The healthcare world is changing fast, thanks to amazing healthcare innovations. These changes will make healthcare easier to get and better for patients everywhere by 2025. Telemedicine is now letting people in far-off places quickly get in touch with doctors, keeping up with global health trends.

Nigeria stands to gain a lot from these changes in healthcare. By putting money into health technology, Nigeria can fight diseases better. Wearable health gadgets will let people keep an eye on their health all the time. This means they can get help early and receive treatment that’s just right for them.

Looking ahead, better healthcare will need teamwork among governments, medical workers, and tech companies. Bringing these new tools into healthcare gives us a big chance to improve health for everyone. It’s about getting communities involved and working towards a healthier future for all.

healthcare innovations

Investments today will pave the way for a healthier tomorrow, ensuring that everyone has the opportunity to thrive.

Healthcare InnovationDescriptionImpact on Global Health
TelemedicineRemote consultations via digital platforms.Increases access for underserved populations.
Wearable Health TechDevices that monitor health parameters.Promotes preventive care and early diagnosis.
AI in DiagnosticsUtilizing artificial intelligence to diagnose diseases.Enhances accuracy and reduces time for diagnosis.

Using these new methods will boost Nigeria’s healthcare and help worldwide global health initiatives. As we look to the future, we must keep supporting these tech advances. They’ll help build a stronger healthcare system14.

The Evolution of Financial Services and Cryptocurrency

The world of financial services is changing fast, thanks to cryptocurrency and fintech. By 2025, we expect to see more people using cryptocurrencies. This will lead to better rules for international payments. In places like Nigeria, this change can greatly help economically by making finances digital.

A big plan is to set up one million cash payment spots in Central Africa by 2027. This aims to make 75% of people financially included by 203015. Nigeria will benefit a lot from this, by connecting people without bank accounts to the digital world. Having a digital ID will be key to making this work, so everyone has the same chance to grow economically3.

Digital finance and the rise of cryptocurrencies and fintech could really change Nigeria’s money scene. Soon, personal AI assistants could help manage your money by understanding what you need3. By keeping up with these changes, you and your community can make the most of this new financial world.

Source Links

  1. https://techeconomy.ng/corporate-blackmail-my-story-as-a-case-study-by-leo-stan-ekeh-chairman-zinox-group/ – Corporate Blackmail: My Story as a Case Study | By, Leo Stan Ekeh, Chairman Zinox Group | Tech | Business | Economy
  2. https://www.yanoticias.es/news-en/suzuki-access-goes-electric-meet-the-future-of-scooters/32060/ – Suzuki Access Goes Electric! Meet the Future of Scooters – YaNoticias
  3. https://www.biometricupdate.com/202412/what-we-talk-about-when-we-talk-about-humanness – What we talk about when we talk about ‘humanness’ | Biometric Update
  4. https://m.economictimes.com/news/company/corporate-trends/madhya-pradesh-hc-stays-religare-agm-on-investors-plea/articleshow/116692753.cms – Madhya Pradesh HC stays Religare AGM on investor’s plea
  5. https://venioimmigration.com/en_ca/changes-in-french-speaking-immigration-2024-2025/ – Francophone immigration to Canada outside Quebec: Changes in 2024 and Outlook for 2025
  6. https://buffalonews.com/news/local/new-york-climate-change-fund-polluters/article_f13592ac-c3b2-11ef-a081-d7564f53cae6.html – New law requires fossil fuel companies to pay for climate change-fueled damages
  7. https://timesofindia.indiatimes.com/world/us/jonbent-ramsey-case-revived-new-tips-spark-hope-for-justice-after-28-years/articleshow/116693382.cms – JonBenét Ramsey case revived: New tips spark hope for justice after 28 years – Times of India
  8. https://www.yahoo.com/entertainment/squid-game-season-2s-five-205000208.html – Squid Game Season 2’s Five Biggest Changes From Season 1 Will Shock You
  9. https://federalnewsnetwork.com/workforce/2024/12/hhs-wants-to-reduce-medical-accidents-theres-a-dashboard-for-that/ – HHS wants to reduce medical accidents. There’s a dashboard for that
  10. https://timesofindia.indiatimes.com/business/india-business/global-manufacturing-to-shift-in-indias-favour-n-chandrasekaran/articleshow/116692881.cms – Global manufacturing to shift in India’s favour: N Chandrasekaran – Times of India
  11. https://www.zerohedge.com/markets/dave-collums-2024-year-review-part-1-what-fact – Dave Collum’s 2024 Year In Review, Part 1: What Is A Fact?
  12. https://www.theburningplatform.com/2024/12/26/dave-collums-2024-year-in-review-part-1-what-is-a-fact/ – Dave Collum’s 2024 Year In Review, Part 1: What Is A Fact?
  13. https://images.thedailystar.net/opinion/views/news/ignoring-biodiversity-conservation-will-cost-us-3784966 – Ignoring biodiversity conservation will cost us
  14. https://www.nwprogressive.org/weblog/2024/12/senator-joe-nguyen-is-joining-governor-elect-bob-fergusons-administration-as-department-of-commerce-director.html – Senator Joe Nguyễn is joining Governor-elect Bob Ferguson’s administration as Department of Commerce Director – NPI’s Cascadia Advocate
  15. https://www.biometricupdate.com/202412/central-africa-needs-traction-on-financial-inclusion-to-advance-economic-growth – Central Africa needs traction on financial inclusion to advance economic growth | Biometric Update
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