WION Business Wrap | Ukraine’s ambitious “Win 2030” plan, Alphabet’s market surge, India’s uninsured & more

WION's Business Desk brings you this daily round up of global stories from the world of business and economy.

95pc of the Indian population remains uninsured: National Insurance Academy

Based on data released on Thursday, the National Insurance Academy's most recent report has revealed a grim fact: 95 per cent of India's 144 crore people do not have health insurance.

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Ukraine unveils ambitious "Win 2030" plan: Aims for chip manufacturing & AI growth

Ukraine has unveiled its ambitious Win 2030 plan, which outlines plans to build a domestic chipmaking industry and improve artificial intelligence (AI) skills, in an effort to push itself into the forefront of high-tech businesses.

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Alphabet's Gemini AI sparks market surge, paving the way for Google's technological leap

Alphabet Inc., the parent company of Google, has seen a tremendous increase in market value, rising by an astounding $87 billion in a single day. The surge came after an impressive display of Alphabet's language model, Gemini, an artificial intelligence (AI) breakthrough that has been compared to ChatGPT by OpenAI.

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Israel-Hamas conflict takes toll on neighbouring economies, UN study warns of $10 bn impact

According to a new U.N. report, the economic fallout from the Israel-Hamas fighting in Gaza is expected to have a significant impact on the economies of nearby Arab countries.

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Indian markets surge to record highs as Federal Reserve boosts rate cut expectations

Thursday saw Indian benchmark indexes hit unprecedented levels as they followed a global upswing stoked by newexpectations from the Federal Reserve.

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Austria challenges Ukrainian blacklist to safeguard business ties with Russia

In a diplomatic strategy, Austria is supporting fresh European Union sanctions against Russia in exchange for having Raiffeisen Bank International, the biggest Western bank in Russia, taken off a Ukrainian blacklist.

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COP28 Breakthrough: World unites to shift from fossil fuels in historic climate accord

196 nations came to a historic agreement at the COP28 climate conference in Dubai to move away from fossil fuels.

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Global oil demand faces sharp slowdown as economic woes bite, IEA warns

Citing economic weakness in key nations, the International Energy Agency (IEA) has warned a major slowdown in the development of the world's oil demand.

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