Russia’s economy is facing a stormy road ahead, with warnings of a potential banking collapse, growing corporate caution, and a slowdown that’s sending ripples across markets. Recent analysis from Kremlin-linked...
Category: Economy
NZ Budget 2025 Bets Big on Business as Tax Cuts Squeeze Revenue
With tax receipts falling and foreign investment getting a warm welcome, the government is pinning its hopes on growth. But will it be enough? The New Zealand government has revealed...
Inflation Expectations Creep Up as Kiwi Businesses Brace for Price Pressure
Reserve Bank survey shows mixed signals on inflation and wage growth, raising eyebrows in policy circles Inflation is back on the radar for New Zealand businesses — but not in...
Transforming Business Models of Banks: Navigating Shifting Dynamics
As banks face a tectonic shift in their asset-liability management, new strategies and innovations are needed to stay competitive and meet the growing demands of the digital economy. Banks in...
Banking Mohtasib Provides Rs1.65bn Relief to Customers Amid Surge in Online Payment Complaints
In 2024, banks in India have seen a notable uptick in complaints related to online payments, with fraud and service inefficiencies emerging as major causes of dissatisfaction. The surge in...
Tax Rises in Budget to “Hit Growth” of UK Companies, CBI Chief Warns
Tax increases announced in the autumn Budget are poised to dampen growth by discouraging investment among UK companies, warns Rain Newton-Smith, CEO of the Confederation of British Industry (CBI). Rain...
The Conjuring House Faces Uncertain Future After License Denial
The beloved haunted farmhouse known as The Conjuring House might soon close its doors, leaving fans and the local economy in limbo. The Burrillville Town Council decided not to renew...
Singapore Life Insurance Premiums Soar by 24% in Nine Months Amid Economic Resilience
Singapore’s life insurance sector has experienced a remarkable 23.5% year-on-year surge in weighted new business premiums, reaching S$4.3 billion in the first nine months of 2024, according to data from...
Fiji’s Banking Sector Holds Strong Amid Economic Challenges with $36.2 Billion in Assets
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...
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...