Govt spending shows urgency for fuel subsidy cuts

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(Reuters) - Magic, a U.S. startup developing artificial-intelligence models to write software, is in talks to raise over $200 million in a funding round valuing it at $1.5 billion, just several months after its last capital raise, three sources told Reuters.

Government spending from January to May made up 53.9% of its full-year target, higher than similar periods in previous years.

Government spending from January to May made up 53.9% of its full-year target, higher than similar periods in previous years, Citi’s chief Malaysian economist Wei Zheng Kit wrote in a note Monday.

 

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