NEW DELHI -- The Indian government on Thursday approved a 1.25 billion U.S. dollar investment in artificial intelligence (AI) projects, officials said.
"In furtherance to the vision of Making AI in India and Making AI Work for India, the cabinet chaired by Prime Minister Narendra Modi has approved the comprehensive national-level IndiaAI mission with a budget outlay of 1.25 billion U.S. dollars," the government said in a statement. (India-AI-Investment)
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BERLIN -- Production at the German Gigafactory Tesla will be interrupted until the end of next week, a longer delay than previously expected, according to the U.S. electric car manufacturer.
On Tuesday, unknown perpetrators set fire to a high-voltage pylon in a field close to the Tesla factory, cutting off the plant and nearby villages from power supply. (Germany Tesla-Production-Environmentalists)
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OTTAWA -- Canada's merchandise imports decreased 3.8 percent, while exports fell 1.7 percent in January, Statistics Canada said Thursday.
Total imports decreased to 61.8 billion Canadian dollars (45.9 billion U.S. dollars), the lowest level since February 2022. On a year-over-year basis, imports were down 6 percent in January. In real, or volume, terms, total imports fell 4.1 percent in January compared with the previous month, the national statistical agency said. (Canada-Trade)
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SEOUL -- South Korea has logged current account surplus for the ninth successive month due to the continued export growth, central bank data showed Friday.
Current account balance, the broadest measure of cross-border trade, recorded a surplus of 3.05 billion U.S. dollars in January, staying in black since May last year, according to the Bank of Korea (BOK). (South Korea-Current Account Balance) ■
