Category: 50bn
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Alibaba commits $50bn to AI and cloud amid Jack Ma’s return to the spotlight
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Alibaba, the Chinese Technology Group, has announced an investment of 380 billion yuan (41.5 billion pounds) in artificial intelligence and cloud computing over the next three years. The news comes after the general rehabilitation of the company’s founder, Jack Ma, who recently returned alongside President Xi Jinping and other technology…
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Rachel Reeves to introduce new debt rule, unlocking £50bn for UK investment
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Chancellor Rachel Reeves has announced a major shift in the UK’s fiscal policy framework, confirming plans to introduce a new rule for “investment” debt in next week’s Budget. This change is expected to free up more than £50 billion of borrowing capacity, allocated for long-term capital investment projects, while maintaining…
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Shein eyes UK warehouse as it prepares for £50bn London stock market debut
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Chinese fashion giant Shein is set to open its first warehouse in Britain as part of its preparations for a massive £50bn listing on the London Stock Exchange. The company, now headquartered in Singapore, is focusing its research on the “Golden Logistics Triangle” in the Midlands, a key region known…
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Labour told growth plan will fail without £50bn investment
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The Labour government has no chance of meeting its target of 2.5 per cent economic growth without increasing annual investment by £50bn, an independent think tank has said. The warning, issued by the National Institute of Economic and Social Research, comes as another group of researchers said Rachel Reeves would…