What could be more delightful than a trip to Greece to meet Yanis Varoufakis, the charismatic leftwing firebrand who tried to stick it to the man, AKA the IMF, EU and entire global financial order? The mental imagery I have before the visit is roughly two parts Zorba the Greek to one part an episode […]
In the heart of Beijing, within the confines of the Colombian Embassy, a crucial conversation unfolded. Colombia’s President Gustavo Petro sat across from representatives of the Chinese firm Harbor Engineering Company Limited, discussing the contours of Bogotá’s future. The topic: the construction of the first line of the Bogotá subway. Source: bnn.network
Nigeria, South Africa, Egypt and Algeria were among the top 20 nations globally whose nationals were making investment migration enquiries last year, a new report said. South Africa and Nigeria were fourth and eighth in the world in terms of applications, with Egypt, Algeria, Ghana, Kenya, Morocco and Uganda also generating rising numbers of applications, […]
Yasir Al-Rumayyan, the governor of Saudi Arabia’s Public Investment Fund (PIF) and Chairman of Saudi Aramco, said governments and businesses are unable to sustain the level of spending that they did in the past and they must now reduce spending to embrace new realities. “As central banks have tightened monetary policy to slow inflation, businesses […]
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 […]
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 […]
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 […]