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Swiss lose competitiveness crown to US, Thailand comes 38th in revamped global rankings

23 Sept 15:10 Key points summarised by AI

The United States dethroned Switzerland, ending its nine-year streak as the world's most competitive economy in the World Economic Forum's (WEF) revamped annual rankings.
The WEF's new methodology, reoriented towards future technology-driven growth, placed Switzerland in fourth, with Singapore second and Germany third among 140 countries.
Thailand achieved the 38th position globally with a score of 67.5, reflecting its standing in the updated competitiveness assessment.
While the US emerged as an 'innovation powerhouse' with flexible labor and a large market, the WEF noted 'worrying signs' regarding its health, press freedom, and judicial independence.

Yesterday 16:06 Key points summarised by AI

Two suspected drug couriers were killed in a shootout with narcotics officers in Phetchaburi province.
Authorities seized approximately half a tonne of crystal methamphetamine, also known as Ice, during the operation.
The incident occurred on Tuesday night after officers tracked a network suspected of transporting large quantities of drugs to southern Thailand.
The suspects, identified as Chattharin and Rungarun, both 27, opened fire when confronted by officers, who returned fire, resulting in their deaths.