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Remittance and migration flows foil ranking

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 Insights

09-Jul-19 The World Bank’s update on migration and remittances points to an almost 10% jump in 2018 to USD530 bn for low and middle-income countries, although the pace is projected to slow for the remainder of the year. [image: iStock]

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East and South Asia buoyant as other regions play catch-up

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 Insights

Jul-19 Stalled growth in emerging market economies is projected to pick up from a four-year low of 4.0 percent in 2019 to 4.6 percent in 2020-21, reflecting the waning impact of financial pressures in some large markets. Growth in all emerging regions has been weaker than expected but activity in East and South Asia remains buoyant. Other regions are expected to recover in 2020-21. Growth in both Latam and MENA is expected to be a subdued 1.7% in 2019, but MENA countries show more promise thanks to oil exports, policy reforms and tourism. [image: World Bank]

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TikTok hit USD9 mn in in-app purchases, up 500%

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19-Jun-19 Popular short-form video app TikTok, developed by China's ByteDance, has been slowly ramping up its advertising strategy. However, the company still generates revenue from in-app purchases, and that number hit a high of USD9 million in May 2019. [image: TechCrunch]

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Indian auto firms oppose 'hasty' electrification

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10-Jun-19 With unsold inventory and production cuts reflecting an automotive market slowdown, the Indian auto industry is upset with government's ambitious targets for bringing in electric mobility in the two- and three-wheeler segments. [imae: iStock]

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