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...
Category: Economy
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...
Turkiye Unveils $30bn Incentives Package to Boost High-Tech Sectors
In a bold move to position itself as a leader in high-tech industries, Turkiye has announced a $30 billion incentives package aimed at boosting sectors such as electric vehicles, semiconductor...
Kerian Green Tech Park: A Mega Project to Be Proud Of, Says Anwar
The Kerian Integrated Green Technology Park (Kigip) in Malaysia is set to become one of the largest industrial projects managed by bumiputra companies. Prime Minister Datuk Seri Anwar Ibrahim recently...
Spain Offers $17,000 to Remote Workers to Move to Extremadura
In a bid to boost its population and economy, the Spanish region of Extremadura is offering up to $17,000 to remote workers willing to relocate there. This initiative, part of...
High-Tech Manufacturing Spurs China’s July Industrial Profit Growth
China’s industrial profits saw a notable increase in July, driven by advancements in high-tech manufacturing. According to the National Bureau of Statistics (NBS), profits rose by 4.1% compared to the...
Central Banks Finally Come to an Understanding
After years of maintaining high interest rates, major central banks around the world are finally aligning their policies to lower borrowing costs. This shift marks the end of an era...
Average Spending of MICE-Related Business Visitors Surpasses Average Tourists in Macau
In a significant boost to Macau’s economy, the average spending of MICE-related business visitors in the first half of 2024 has reached MOP4,992 (US$620), more than double the MOP2,260 average...