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Shanghai, Oct 29 (AFP) Chinese internet start-up ByteDance, whose globally popular app TikTok has raised US security concerns, on Tuesday denied reports that it was considering an initial public offering in Hong Kong in the first quarter of next year. ByteDance, which is said to be valued at up to 75 billion, was reported by the Financial Times to be eyeing a listing in the city despite months of violent political protests there. The report had cited unidentified sources. “There is absolutely zero truth to the rumors that we plan…

Riyadh, Oct 29 (DINN) Underlining that the economic uncertainty is an offshoot of “unbalanced” multilateral trade systems, Prime Minister Narendra Modi has asserted that the global economic outlook is strongly dependent on the path chartered by large developing countries like India and Saudi Arabia. Earlier this month, the International Monetary Fund (IMF) has downgraded its outlook for the world economy, predicting that the growth this year will be the weakest since the 2008 financial crisis primarily because of widening global conflicts, including the US-China trade war. The forecast predicts global…