Fiji’s financial landscape has shown remarkable resilience, with its banking sector maintaining robust asset levels despite ongoing economic challenges. As of June 30, 2024, the country’s financial system boasts gross...
Category: Economy
Sri Lankan Banks Amass $3.7 Billion in Forex Balances Amid Economic Turmoil
Sri Lanka’s banking sector has navigated through a turbulent economic landscape, amassing $3.7 billion in foreign exchange (forex) balances by the second quarter of 2024. This significant accumulation comes as...
From Burden to Boost: How Reforming Business Rates Can Fuel Economic Growth
Reforming business rates has the potential to transform a significant burden into a powerful boost for economic growth. Business rates, a form of property tax levied on commercial properties, have...
U.S. Chamber Hosts U.S.-Germany High-Level Economic Dialogue Business Roundtable
The U.S. Chamber of Commerce recently hosted the U.S.-Germany High-Level Economic Dialogue Business Roundtable at the historic Decatur House in Washington, D.C. This significant event brought together nearly two dozen...
Asia-Pacific Markets: Navigating Economic Shifts Amid Central Bank Policies
The Asia-Pacific markets are experiencing significant fluctuations as investors digest recent economic data and central bank decisions. Key factors influencing the markets include China’s economic slowdown, the U.S. Federal Reserve’s...
$50m Arewa Tech Fund to Foster Economic Growth in Northern Nigeria
In a significant move to boost innovation and economic development in Northern Nigeria, the Arewa Tech Fest has launched the Arewa Tech Fund, a $50 million initiative. Spearheaded by former...
Economic Shocks and Business Resilience: Exploring the Success Strategies of Nordic Companies in a Period of Global Economic Instability
In a period marked by global economic instability, Nordic companies have demonstrated remarkable resilience and adaptability. Despite facing significant disruptions such as the COVID-19 pandemic, the energy crisis, and geopolitical...
UK Consumer Confidence Tumbles as Households Fear ‘Painful’ Budget; UK Debt Hits 100% of GDP
UK consumer confidence has plummeted as households brace for a “painful” budget announcement from the new government. The latest data reveals that the UK’s public sector debt has reached 100%...
China’s Wealthy Are Looking Overseas for Business Investment
China’s affluent individuals are increasingly seeking business opportunities beyond their borders. This trend is driven by a combination of factors, including domestic economic challenges and the allure of international markets....
Niigata Banks on Lure of Tokyo’s Ginza to Reopen Specialty Shop
In a strategic move to boost local tourism and promote regional products, Niigata Prefecture has reopened its specialty shop in Tokyo’s prestigious Ginza district. The new store, which opened on...