Thousands of Ho Chi Minh City residents celebrated the opening of the city’s first metro line, with long queues at stations and excited passengers taking selfies. The $1.7bn project, funded by Japanese government loans, took 17 years to complete, facing numerous delays. Despite concerns about its limited impact on traffic congestion, the metro marks a historic achievement for the city’s urban development.
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UK businesses brace for economic gloom in 2025
Businesses are preparing for economic uncertainty in the new year following Rachel Reeves's Budget, with a CBI survey revealing plans for reduced output and hiring. Expectations for growth are at their weakest since Liz Truss's time in office, largely due to the chancellor's national insurance hike. Despite defending her tax increases as necessary for economic stability and growth, Reeves faces criticism as the economy faces a bleak outlook. Full Article
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