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On March 28, India's foreign exchange reserves reached $665.4 billion, the highest level in nearly five months, increasing for the fourth consecutive week. The reserves rose by $6.6 billion that week, following a $20.1 billion increase over the previous three weeks. Separately, the World Travel & Tourism Council projected a $11.1 trillion contribution from the travel and tourism industry to global GDP in 2024, representing 10% of the global economy—a 12.1% increase from 2023 and 7.5% higher than the 2019 pre-pandemic peak. Also, on Tuesday, the United States imposed sanctions on three Iranian intelligence officers for their alleged involvement in the disappearance of former FBI Special Agent Robert Levinson. The sanctions targeted Reza Amiri Moghadam, Gholamhossein Mohammadnia, and Taqi Daneshvar, all officials from Iran's Ministry of Intelligence and Security. Celonis sued SAP on March 14 over business process software.
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