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...
Category: Economy
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...
Cutting Immigration to Canada Will Hurt Economy, Warns Business Advocate
In a stark warning to policymakers, a leading business advocate has cautioned that reducing immigration to Canada could have severe economic repercussions. Nancy Healey, representing the Canadian Chamber of Commerce...
Economic Activities Resume as Kano Markets and Banks Reopen
In a significant development, economic activities in Kano have resumed following the lifting of a 10-day curfew imposed by the state government. The curfew was a response to the #EndBadGovernance...
UK GDP Expands by 0.6% as Services Sector Drives Growth
The UK economy has shown resilience with a 0.6% expansion in GDP for the second quarter of 2024. This growth, driven primarily by the services sector, follows a 0.7% increase...
Nigeria Must Grow Beyond Banking to Achieve $1tn Economy – Afrinvest
In a recent report, Afrinvest, a leading financial services firm, emphasized that Nigeria must diversify its economy beyond the banking sector to achieve the ambitious goal of a $1 trillion...
SBP’s Strategic Move to Boost Sugar Exports
In a decisive move to bolster the economy, the State Bank of Pakistan (SBP) has issued comprehensive guidelines to banks for facilitating sugar exports. This initiative comes on the heels...
Business Heads Meet to Promote Economic Growth
In a significant move to bolster economic growth, business leaders from various sectors gathered for a high-profile meeting in Port Moresby. The event, organized by the Business Council of Papua...