The private sector must get involved in tackling global crises as governments alone as governments alone do not have the multiple trillions of dollars required, Ajay Banga, the President of the World Bank, said on Tuesday. The worlds’ crises, including climate change and future pandemics, are now intertwined, and that the growing gap between the […]
As higher interest rates and the cost of living increasingly pinch Canadians’ wallets, consumers ranked Bank of Montreal highest in J. D. Power’s annual customer satisfaction survey. The Montreal-based firm unseated last year’s top-ranking bank, Royal Bank of Canada , which came a close second, with Canadian Imperial Bank of Commerce third. Among the midsize banks, Tangerine Bank took […]
Dozens of China-listed companies announced plans on late Monday to buy back shares or scrap plans of stock selling, following a slew of measures authorities took to boost a flagging stock market. This follows more than a hundred Chinese companies committing to buybacks or withdrawing share sales in August after China imposed new rules as […]
Emirates NBD has launched the ‘National Digital Talent Incubator’ programme as part of the bank’s strategic partnership with the Dubai International Financial Centre (DIFC). Facilitated by DIFC’s venture-building platform, DIFC Launchpad, the bespoke incubator program aims to boost UAE talent and the growth of entrepreneurship within the fintech and digital innovation space. The program will […]
Adani Ports’ total cargo for the first half of the 2023-24 fiscal reached 202.6 million metric tonnes (MMT), crossing the 200 MMT milestone in the initial six months of the year, according to the filing. The growth was contributed by all three cargo types — dry bulk (32 per cent), containers (20 per cent) and […]
For the past three decades, China has been on the upswing of a supercycle that saw an almost uninterrupted expansion of the country’s capacity to manufacture, appetite to consume, and ability to project power across the world economy. The Chinese Communist Party relentlessly pursued economic development over all else, even when that single-mindedness pushed the […]
Al Etihad Payments (AEP), a unit of the Central Bank of the UAE (CBUAE), has partnered with NPCI International Payments (NIPL) to advance the development of the country’s first national domestic card scheme. The UAE central bank’s launch of Al Etihad Payments is aimed at implementing an innovative, interoperable, and enabling payments infrastructure as part […]
Japan must focus on improving wage growth to pave the way for sustainable inflation, Bank of Japan board member Asahi Noguchi said on Thursday, signalling that the central bank must retain its monetary easing policy for the time being. Noguchi, known for his reflationist views, made the remarks in a speech to business leaders in […]
The Irish Government has unveiled a 14 billion euro budget package it insists balances the needs of today with the future wellbeing of the economy. Finance minister Michael McGrath said Budget 2024 was framed against a backdrop of “global uncertainty”. The package agreed by the Fianna Fail, Fine Gael and Green Party coalition in Dublin […]
Thailand expects to attract 2.9 million arrivals and billions of dollars in revenue from a Chinese tourism boom as a result of a new five-month holiday period visa exemption program, part of a bid to help strengthen the nation’s wobbly economic recovery. The Southeast Asian nation has already seen a strong response after temporarily waiving […]