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West Bengal Pushes For MSME Expansion In North, 4 Industrial Parks Announced

Kolkata, May 20 (KNN) West Bengal Chief Minister Mamata Banerjee emphasised the importance of establishing micro, small and medium enterprises (MSMEs) throughout north Bengal during the North Bengal Business Meet held in Siliguri on Monday.  The Chief Minister specifically called for the development of additional industrial parks to accommodate these enterprises. This initiative appears to...
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Sylndr, with fresh $15.7M, allows users to buy, sell, finance, and service used cars in Egypt

Cairo-based Sylndr has raised $15.7 million as it expands beyond online used car sales into auto financing, servicing, and tools for dealers. The round was led by Development Partners International’s Nclude Fund and included follow-on investments from Algebra Ventures and Nclude. The company, which operates in Egypt’s fast-growing but under-digitized vehicle market, said the latest...
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Sustainability discussions focus on trade policy considerations and practices

WTO members participating in the Trade and Environmental Sustainability Structured Discussions (TESSD) met on 12-13 May to continue discussing four key sustainability topics. Discussions covered subsidies for the decarbonization of maritime transport, challenges and opportunities faced by developing economies regarding trade and circular economy, experiences with facilitating trade in environmental goods and services, and interoperability...
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OpenAI priced GPT-5 so low, it may spark a price war

OpenAI astounded the tech industry for the second time this week by launching its newest flagship model, GPT-5, just days after releasing two new freely available models under an open source license. OpenAI CEO Sam Altman went so far as to call GPT-5 “the best model in the world.” That may be pride or hyperbole,...

WTO | 2025 News items

A surge of imports in the United States in the first quarter ahead of widely anticipated tariff hikes contributed to the upward revision to the forecast for 2025 issued in the April Global Trade Outlook and Statistics report. Increased tariffs—including those that took effect this week—will dampen trade in the second half of 2025 and...

Meta acquires AI audio startup WaveForms

Meta has acquired AI voice startup WaveForms for an undisclosed sum, The Information reports. It’s the company’s latest buy to strengthen its new AI unit, Superintelligence Labs, and Meta’s second major AI audio acquisition in the last month after it bought PlayAI.  WaveForms, founded just eight months ago, raised $40 million from Andreessen Horowitz in...

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