Microsoft "killing" Skype, bitcoin plummeting, and world gold prices hitting a record are three of the notable world economic events of the past week.
1. Ukraine needs $524 billion for recovery and reconstruction after three years of conflict, according to a press release from the World Bank, the United Nations, the European Commission and the Government of Ukraine.
This is an increase of more than 7% compared to the previous estimate of $486 billion by 2024. The sectors most affected by conflict include housing, transport, energy, trade and education...
2. US President Donald Trump officially confirmed the imposition of 25% tax on Mexican and Canadian goods, and imposed an additional 10% tax on Chinese goods from March 4.
The latest announcement came just a day after Mr. Trump left open the possibility of further delaying the imposition of 25% tariffs on imports from Mexico and Canada until April 2, about a month later than the deadline he announced in early February.
3. Billionaire Elon Musk is still the richest man in the world despite losing 52 billion USD, according to the Bloomberg Billionaires Index.
Mr. Musk has a net worth of $380 billion, $144 billion more than the world's second richest person, Meta CEO Mark Zuckerberg.
4. Cryptocurrency market lost more than 800 billion USD as bitcoin plunged below $90,000.
The price of bitcoin - the world's most powerful digital currency - has fallen nearly 20% since Donald Trump took office as US President on January 20, amid rising risk-off sentiment and concerns about the US administration's new economic policies.
5. Global semiconductor industry expected to reach $1 trillion in revenue by 2030, according to Global Semiconductor Alliance (GSA) CEO Jodi Shelton.
Speaking at the GSA Conference on the Middle East and North Africa, hosted by Egypt, Ms. Shelton stressed that the semiconductor industry powers every aspect of modern life, from smartphones and smartwatches to advanced computers, artificial intelligence and automotive technology.
6. Russia continues to ban the export of gasoline used for cars and motorbikes. within 6 months, from March 1 to August 31, to stabilize the domestic fuel market.
Russia temporarily lifted the ban in early April 2024 as the domestic market stabilized. However, the restrictions were reimposed in September 2024 and expired on February 28.
7. Microsoft confirms Skype will be "killed" from May 2025 bought the service for $8.5 billion 14 years later. Skype - an Internet video and phone service - was a popular way to communicate in the mid-2000s.
In recent years, Skype has gradually fallen out of favor, while a series of competitors have become increasingly popular, such as Zoom, Google Meet and Cisco WebEx, especially during the COVID-19 pandemic.
8. World gold price sets new record at 2,956.15 USD/ounce on February 24. Increased "safe haven demand" due to concerns about President Trump's tax plans, along with capital flows into gold ETFs, have fueled this gold rally.
9. Indian rice prices fall to 20-month low due to weak demand and high inventories.
India's 5% broken parboiled rice was offered at $413-420 per tonne, the lowest since late June 2023. Meanwhile, 5% broken white rice was traded at $395-405 per tonne./.
Source: https://baolangson.vn/su-kien-kinh-te-the-gioi-noi-bat-tuan-tu-24-2-den-2-3-5039556.html
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