KIEV
Brad Guzan USA Jersey , Sept. 26 (Xinhua) -- Ukraine has improved its businessenvironment by implementing reforms, Ukrainian Prime MinisterVolodymyr Groysman said here on Tuesday.
"We have created institutional frameworks and have been takingpractical steps to create real deregulation in the country. Overthe past year, we have abolished thousands of pages of regulatoryacts that prevented businesses from developing," Groysman toldreporters at the Kiev Investment Forum which kicked off on Tuesdayin the Ukrainian capital.
He expressed hope that the improved business environment andexpectation of strong economic growth in the next three years willhelp Ukraine attract investment, particularly in the agriculture,infrastructure and tourism sectors.
Ukraine has abolished more than 400 regulatory legal acts thatcreated obstacles for doing business in the country in the pastyear.
In the World Bank's 2017 Doing Business ranking, Ukraine wasranked 80th among 190 economies. Enditem
LONDON, Sept. 26 (Xinhua) -- One of London's top diamond companies announced Tuesday it bought the world's largest rough diamonds, a rare gem the size of a tennis ball. Media reports said the diamond has been sold for 53 million U.S. dollars.
Laurence Graff said following successful negotiation with the Lucara Diamond Corp, his company has acquired the world's most valuable rough diamond, the Lesedi La Rona, weighing a record-breaking 1,109 carats.
Graff's company said in a statement the deal was closed with a handshake after more than a year of negotiations.
The diamond was put up for auction last year, but failed to reach its reserve price.
A spokesperson at Graff said: "Discovered at the Lucara Karowe mine in north-central Botswana, the hypnotic Lesedi La Rona is the largest gem quality rough diamond discovered in over 100 years."
"This magnificent stone has been identified by the Gemological Institute of America as possessing exceptional quality and transparency, earning the full significance of its name, which means 'our light' in Botswana's Tswana language," he added.
Laurence Graff said: "We are thrilled and honored to become the new custodians of this incredible diamond. Our highly skilled team of master craftsmen will draw on many years of experience of crafting the most important diamonds, working night and day to ensure that we do justice to this remarkable gift from Mother Nature."
The acquisition follows Graff's purchase earlier this year of a remarkable 373 carat rough diamond that was originally part of the Lesedi La Rona rough, making this poignant reunion for the two stones: both now owned by Graff.
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TOKYO, Aug. 23 (Xinhua) -- The U.S. dollar changed hands in the upper 109 yen zone in early deals in Tokyo on Wednesday, largely unchanged from its levels seen in New York overnight.
As markets opened here, the dollar was quoted at 109.73-74 yen compared with 109.51-61 yen in New York and 109.35-36 yen at 5 p.m. on Tuesday in Tokyo.
The euro, meanwhile, fetched 1.1770-1771 dollars and 129.06-10 yen against 1.1756-1766 dollars and 128.81-91 yen in New York and 1.1793-1794 dollars and 128.96-129.00 yen in late Tuesday afternoon trade in Tokyo.
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By Will Koulouris
SYDNEY, Aug. 18 (Xinhua) -- Around the world, the shift toward a more autonomous future has been heralded by some as the harbinger of end times, while others are adamant that the sentient computer-driven revolution will usher in a new era of technological progress - the likes of which have never been seen in human history, let alone imagined.
As countries and companies race to be at the forefront of this new technological sector of discovery, one scientist believes that China is extremely well-placed to benefit from the exciting future that artificial intelligence (AI) has to offer the world.
Toby Walsh, a professor of artificial intelligence at Australia's University of New South Wales, spoke to Xinhua recently at his fully purposed robot lab on campus that with the current shift toward a consumption-driven economy, the stage is set for China to benefit immensely from the AI revolution.
"China is making a very sensible bet here on AI. It is very well placed to take advantage of the coming AI revolution. It has a lot of data, it has lots of big tech companies which are well positioned to develop," Walsh said.
"It is making very strong bets in this area, so I imagine that China is going to do very well out of this revolution."
China's State Council has announced the Next Generation Artificial Intelligence Plan that will see China take steps to become a global innovation center in this field.
AI has already begun to manifest itself in ways which most people do not realize, and Walsh said that it has been happening as a gradual process an.
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