Page 38 - ICE BUSINESS TIMES January 2020

Indian telcos

losing revenue

over internet

shutdown

TikTok to wage a parallel battle
online. Such internet suspensions
have been criticised by internet
freedom activists. On Friday, mobile
internet was ordered shut in at least
18 districts in northern Uttar
Indian mobile operators are losing around 24.5 million Pradesh state. The revenue losses
rupees ($350,000) in revenue every hour they are forced to will pile on to the woes of India’s
suspend internet services on government orders to control telecoms sector, bruised by a price
protests against a new citizenship law. To quell protests, war and saddled with a combined
the government has deployed thousands of police as well $13 billion in overdue payments
intermittently ordered mobile data shutdowns at a time following a Supreme Court ruling in
people have used social media such as Instagram and October.

Turkey unveiled its first fully
domestically-produced car on Friday, saying it
aimed to eventually produce up to 175,000 a year
of the electric vehicle in a project expected to cost
22 billion lira ($3.7 billion) over 13 years.Turkey
is already a big exporter to Europe of cars made
Turkey domestically by firms such as Ford , Fiat Chrysler,
Renault, Toyota and Hyundai.
unveils first The new project, launched in October, will receive
state support such as tax breaks, and establish a
fully homemade car production facility in the automotive hub of Bursa
in northwest Turkey. Five models of the car will be
in $3.7b bet on produced, and the government has guaranteed to
electric buy 30,000 of the vehicles by 2035. Erdogan first
revealed plans in November 2017 to launch a car
made entirely in Turkey by 2021.

Are world markets poised way humans work, shop and relax.
Now investors are positioning for
for another roaring 20s? the tech revolution’s next 10 years.
Could we see a repeat of the roaring
-- years of prosperity, technological
Helicopter cash, climate crises, smart twenties, as the 1920s were known
cities and the space economy -- innovation and such social
investors have all those possibilities developments as women winning
ahead as they enter the third decade of the right to vote? Possibly. But
the 21st century. They go into the new there’s unease, along with all the
decade with a spring in their step, after euphoria. The current economic
watching world stocks add over $25 cycle is already the longest in US
trillion in value in the past 10 years history and a recession looks
and a bond rally put $13 trillion worth inevitable in the new decade --
of bond yields below zero. They also which also will mark 100 years
saw internet-based firms transform the since the Wall Street crash of 1929.

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