WION's Business Desk brings you this daily round-up of global stories from the world of business and economy.<o:p></o:p>

India contributes over 16pc to global growth, IMF report reveals strong economic performance<o:p></o:p>

India's strong economic performance has been lauded by the International Monetary Fund (IMF), which has projected that the country will contribute more than 16 per cent to global growth as a result of significant infrastructure and digitalisation reforms.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/india-contributes-over-16pc-to-global-growth-imf-report-reveals-strong-economic-performance-671140">Read more here</a><o:p></o:p>

EU launches first probe under Digital Services Act, targets X over suspected violations<o:p></o:p>

Under the Digital Services Act (DSA), the European Union (EU) has launched its first inquiry, targeting social media behemoth X for alleged breaches, mostly pertaining to posts made in the wake of Hamas's attacks on Israel.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/eu-launches-first-probe-under-digital-services-act-targets-x-over-suspected-violations-671151">Read more here</a><o:p></o:p>

Red Sea attacks disrupt global shipping: Coalition forming to tackle threat<o:p></o:p>

The United States is working quickly to form a coalition to counter the growing threat posed by recent attacks on ships in the Red Sea by Houthi insurgents from Yemen affiliated with Iran.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/red-sea-attacks-disrupt-global-shipping-coalition-forming-to-tackle-threat-671164">Read more here</a><o:p></o:p>

Rupiah faces testing times as Indonesia gears up for elections<o:p></o:p>

The strength of the rupiah is being closely watched as Indonesia gets ready for its national elections in February 2024; experts see a possible downward trend in the value of the currency.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/rupiah-faces-testing-times-as-indonesia-gears-up-for-elections-671201">Read more here</a><o:p></o:p>

India leads global remittance surge with projected 23pc increase to $125 bn in 2023<o:p></o:p>

As per the World Bank's latest Migration and Development Brief, India is expected to become the world's largest recipient of remittances in 2023, with an expected increase of more than 11 per cent, culminating in $125 billion.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/india-leads-global-remittance-surge-with-projected-23pc-increase-to-125-bn-in-2023-671207">Read more here</a><o:p></o:p>

Turkey saves billions on Russian oil amid sanctions, boosting imports<o:p></o:p>

Turkey and Turkish businesses were able to dramatically increase imports of Russian oil and refined goods in 2023, saving them almost $2 billion in energy costs.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/turkey-saves-billions-on-russian-oil-amid-sanctions-boosting-imports-671228">Read more here</a><o:p></o:p>

UPI transactions skyrocket, marking a 147pc surge in five years: Government Reports<o:p></o:p>

The Unified Payments Interface (UPI) has become the driving force behind an increase in digital payments, resulting in a 7.8 per cent growth in banknotes in circulation during the most recent fiscal year.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/upi-transactions-skyrocket-marking-a-147pc-surge-in-five-years-government-reports-671247">Read more here</a><o:p></o:p>

Apple halts US sales of Series 9 and Ultra 2 smartwatches amid patent dispute<o:p></o:p>

Apple has announced the temporary suspension of sales for its Series 9 and Ultra 2 smartwatches in the United States due to a legal issue that affects the blood oxygen feature.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/apple-halts-us-sales-of-series-9-and-ultra-2-smartwatches-amid-patent-dispute-671263">Read more here</a><o:p></o:p>

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WION's Business Desk brings you this daily round-up of global stories from the world of business and economy. India contributes over 16pc to global growth, IMF report reveals strong economic performance India's strong economic performance has been lauded by the International Monetary Fund (IMF), which has projected that the country will contribute more than 16 per cent to global growth as a result of significant infrastructure and digitalisation reforms.

WION's Business Desk brings you this daily round-up of global stories from the world of business and economy. India contributes over 16pc to global growth, IMF report reveals strong economic performance India's strong economic performance has been lauded by the International Monetary Fund (IMF), which has projected that the country will contribute more than 16 per cent to global growth as a result of significant infrastructure and digitalisation reforms. Read more here EU launches first probe under Digital Services Act, targets X over suspected violations Under the Digital Services Act (DSA), the European Union (EU) has launched its first inquiry, targeting social media behemoth X for alleged breaches, mostly pertaining to posts made in the wake of Hamas's attacks on Israel. Read more here Red Sea attacks disrupt global shipping: Coalition forming to tackle threat The United States is working quickly to form a coalition to counter the growing threat posed by recent attacks on ships in the Red Sea by Houthi insurgents from Yemen affiliated with Iran. Read more here Rupiah faces testing times as Indonesia gears up for elections The strength of the rupiah is being closely watched as Indonesia gets ready for its national elections in February 2024; experts see a possible downward trend in the value of the currency. Read more here India leads global remittance surge with projected 23pc increase to $125 bn in 2023 As per the World Bank's latest Migration and Development Brief, India is expected to become the world's largest recipient of remittances in 2023, with an expected increase of more than 11 per cent, culminating in $125 billion. Read more here Turkey saves billions on Russian oil amid sanctions, boosting imports Turkey and Turkish businesses were able to dramatically increase imports of Russian oil and refined goods in 2023, saving them almost $2 billion in energy costs. Read more here UPI transactions skyrocket, marking a 147pc surge in five years: Government Reports The Unified Payments Interface (UPI) has become the driving force behind an increase in digital payments, resulting in a 7.8 per cent growth in banknotes in circulation during the most recent fiscal year. Read more here Apple halts US sales of Series 9 and Ultra 2 smartwatches amid patent dispute Apple has announced the temporary suspension of sales for its Series 9 and Ultra 2 smartwatches in the United States due to a legal issue that affects the blood oxygen feature. Read more here WATCH WION LIVE HERE

WION Business Wrap | India’s 16pc contribution to global growth, EU’s probe on X, Red sea attacks & more

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WION Business Wrap | India’s 16pc contribution to global growth, EU’s probe on X, Red sea attacks & more