Rethinking Economic Development (photo: Edwin J. Torres/Mayor’s Office) The COVID-19 pandemic has profoundly altered state economies. At this point, it is clear that some of the changes will last, with important implications for how governments should think about the future. State economic development agencies are tasked with building this futureRead More →
Despite the extension of the temporary R1.50 fuel tax cut, the June fuel increases had the predicted domino effect on headline consumer price inflation, said Sbusiso Kumalo, director of the marketing at African Bank. He said the biggest battle for consumers remains at the checkout as they pay more forRead More →
Despite efforts to revive a construction sector ravaged by sweeping efforts last year to reduce the indebtedness of Chinese property developers, including lower interest rates and increased credit available for property purchases , the sector remains depressed and the income from property that local governments, in particular, rely on hasRead More →
Captains of industry have called on South Africa’s biggest metropolis to model the concept of a 24-hour city in a bid to unlock the endless opportunities inherent in the night-time economy. Local investors are urging the City of Johannesburg to leverage the notion of 24-hour local government to improve efficiency,Read More →
Tokyo/Los Angeles: The Japanese creator of one of the longest-running online role-playing games, whose most popular video game has attracted nearly a billion registered users, is gearing up for global expansion and has its sights set on the West. Nexon Co Ltd – little known outside of Asia – isRead More →
Facebook Twitter LinkedIn pinterest Reddit E-mail To print Iranian man holding a sign that reads: “If it weren’t for the high prices, people wouldn’t be here.” The recent nationwide protests against the rising prices of products such as bread, cooking oil, eggs and pasta began in Khuzestan province (southwestern Iran)Read More →
It will slow hiring, cut budgets for some of its divisions, grant new stock options to some employees to offset share price erosion, and join the competition. Chairman John Zimmer announced the measures Tuesday in a memo to staff. Mr. Zimmer wrote in an internal memo seen by The WallRead More →
By Adedapo Adesanya It was not a good outing for the crude oil market on Thursday as prices fell as concerns over weaker economic growth offset expectations that crude demand could rebound in China. During the session, Brent crude fell 0.7% or 36 cents to $111.68 a barrel while USRead More →
The global community is currently mired in three crises: the impacts of the COVID-19 pandemic, the rising cost of sovereign debt, as well as an alarming increase in the prices of food, fuel and other essentials. The United Nations Conference on Trade and Development (UNCTAD) has attempted to quantify theRead More →
The reduction in fuel prices at the pump is a manifestation of government and stakeholder engagement in concerted efforts to revamp the economy through austerity measures as enshrined in the NPDs and HPPs. We commend the government for this positive development, as the reduction was made possible by the soundRead More →
Rather than a country on the verge of greatness, China is currently the largest nation in the world. Every region of the planet was penetrated by China peacefully and without interfering in the affairs of states, the Chinese did not fall in their advance or establish subordinate governments and didRead More →
Wednesday, May 11, 2022 by Chad Swiatecki Austin City Limits music festival released the results of its annual local economic impact study on Tuesday, the same day it announced the lineup for this year’s two-weekend event at Zilker Park. every October. The study, conducted by AngelouEconomics, estimated the economic impactRead More →
Strong points UNICEF India has prepared this brief on the Union Budget 2022-23 from a child rights perspective through its in-house social policy specialists as well as consulting with experts in the field through through a webinar held on 1 March 2022 with the participation of Ministry of Women andRead More →
He said Ghana is at a crossroads and the need to institute major corrective measures cannot be overstated, adding that there is no shortage of solutions to our problems. It is the government’s indolence and greedy affinity for a cosmetic approach to governance that has brought the country to thisRead More →
At West Virginia University, purpose is one of our fundamental pillars and we put words into action by formally continuing the Association of Public and Land Grant Universities Innovation and Economic Prosperity designation program to refine and enhance its economic engagement and purpose as a community. partner. Although the APLURead More →
April 25, 2022 This paid coin is sponsored by Sioux Metro Growth Alliance. Crystal Jacobson starts a new job today: mayor of the town of Worthing. The mother-of-three has a long history with the Lincoln County community – she lived there for 18 years and served on city council, theRead More →
The International Monetary Fund said on Saturday it had “fruitful technical discussions” with Sri Lanka over its loan request, while the World Bank said it was preparing an emergency aid package for the crisis-stricken country. Sri Lanka, an island nation of 22 million people, is struggling to pay for itsRead More →
NFTs have taken over the internet. From companies to brands to celebrities, everyone is fighting to get on the NFT train. A quick look at the sales charts shows the frenzy is well founded. Some of these unique digital collectibles are worth a fortune. Who wouldn’t want a piece ofRead More →
Saudi Arabia’s oil activities have pushed the Kingdom’s real gross domestic product to its highest growth rate in 10 years, according to Al Rajhi Capital’s monthly economic report. The economy saw a 9.6% year-on-year increase in the first quarter of 2022, fueled by a 20.4% rise in the oil sector.Read More →
Helen Riehle cuts the ribbon in front of Allard Square on November 13, 2019, as part of the rapid transformation of the ‘New Downtown’ on Market Street in South Burlington. Photo from the VermontBiz. by Timothy McQuiston, Vermont Business Magazine The Vermont League of Cities and Towns (VLCT) released anRead More →
IMF LOANS COMING WITH DIFFICULT CONDITIONS After independence from the British in 1948, agriculture in Sri Lanka was dominated by export crops such as tea, coffee, rubber and spices. Much of its gross domestic product came from foreign currency earned from the export of these crops. This money was usedRead More →
The island nation of Sri Lanka is in the midst of one of the worst economic crises it has ever seen. It has just defaulted on its external debts for the first time since independence, and the country’s 22 million people face crippling 12-hour power cuts and dire shortages ofRead More →
Last week on April 5, I attended the Philippine Economic BrieIfng (PEB) to the PICC, a kind of farewell speech from the Duterte administration led by Secretary of Finance Carlos G. Dominguez. Opening remarks were delivered by Executive Secretary Salvador C. Medialdea, followed by the main report, “The Ship ofRead More →
Governor Kathy Hochul today announced the economic development highlights of the fiscal year 2023 budget. The historic plan makes bold investments to expand economic opportunities for alI New Yorker. These funds will, among other things, boost internet connectivity for all, help invigorate and support small businesses, revitalize downtown areas acrossRead More →
Analysis: With the dissolution of parliament by President Saied, Tunisia has plunged into growing political chaos that leaves the country’s democracy at risk with no clear way out for its deepening economic crisis. President Kais Saied has dissolved Tunisia’s parliament, eight months after suspending it during a power grab lastRead More →
The trend: Companies are increasingly looking to leverage the strength of their brands to mitigate the effects of inflation and negotiate favorable relationships with retailers. Levi’s President and CEO Chip Bergh noted in the company’s first quarter 2022 earnings call that “its brand equity has never been stronger and isRead More →
Press release Canada must remain focused on competitiveness and economic growth April 7, 2022 (Toronto – April 7, 2022) – Two years after the start of a global pandemic, Canada faces a competitiveness problem. Inflation, supply chain constraints, labor shortages and global uncertainties risk jeopardizing a rapid and robust economicRead More →
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said Colombia is Latin America’s third-largest economy, a key coffee producer and a gateway for UAE-based businesses to take advantage of promising economic opportunities in the region. He said the UAE-Colombia CEPA will be an important driver forRead More →
As we all know, COVID-19 has shut down many aspects of the US and global economy. Due to, among other things, funding and other relief measures from the US government, the economic downturn that many had originally anticipated has yet to materialize in the manner expected. Bankruptcy filings are downRead More →
Vice President of Nigeria, Prof. Yemi Osinbajo Vice President Yemi Osinbajo said Nigeria is committed to achieving the Sustainable Development Goals, also known as the UN’s 2030 Agenda. Furthermore, he affirmed the country’s commitment to a similar initiative of the African Union, called the AU Agenda 2063. Osinbajo described variousRead More →
The White House unveiled its 2023 budget to start the week, a document that outlines the administration’s economic agenda for the coming year. Among other proposals, the budget proposes “a new tax on American households worth more than $100 million, which would require them to pay a rate of atRead More →
Happy Friday and welcome to On The Money, your nightly guide to everything that affects your bills, bank account, and bottom line. Subscribe here and view the full edition here. Today’s Big Deal: Americans Are Not Satisfied With President BidenJoe BidenDefense & National Security – Russia’s tenuous grip slips onRead More →
Because Russia’s war on Ukraine could not go unpunished, the use of painful and sweeping economic sanctions is clearly justified. In the future, however, these powerful new tools will need to be subject to appropriate controls; if not, they could trigger a reversal of globalization – and the prosperity itRead More →
About 2.4 billion women of working age do not enjoy equal economic opportunity and 178 countries maintain legal barriers that prevent their full economic participation, according to the World Bank’s 2022 report on women, the company and the law. In 86 countries, women face some form of employment restriction andRead More →
I wrote today for Politico about the response to the economic dimension of the era of great power competition that is now clearly upon us: The new, more threatening era underscores the urgency of what should already have been priorities. We need a much larger defense budget; we need aRead More →
EDITORIAL: Finance Minister Shaukat Tarin told a scheduled press conference that the International Monetary Fund (IMF) should have no worries about the Prime Minister’s February 28 relief package – with a cut of 10 rupees per liter in fuel prices across the board, a drop of Rs 5 in theRead More →
As part of Penn State’s land-grant mission, additional state dollars support Penn State’s agricultural research and extension, which provides agricultural education, serves rural communities, and provides research-based knowledge to help address the challenges facing the state’s agricultural industry. Since agricultural research and extension programs are not supplemented by tuition, BarronRead More →
Shri Piyush Goyal, Minister of Trade and Industry, Consumer Affairs, Food and Public Distribution and Textiles, said today that Indian exports should account for at least 20% of GDP. A stronger rupee, according to Shri Goyal, will benefit exporters. “If we want to be a $5 trillion economy, we willRead More →
Minister of Commerce and Industry, Consumption, Food and Public Distribution and Textiles, Shri Piyush Goyal, today said India’s export share in GDP is expected to reach at least 20 %. Shri Goyal also said that a strong rupee would be good for exports. “If we want to be aRead More →
Just before the invasion, he said there were ‘no limits’ to his friendship with Russia and the two countries signed long-term agreements to supply Russian energy and grain to China . While criticizing the sanctions imposed by the West on Russia, Chinese banks, including its state-owned banks, have been carefulRead More →
Russia’s war in Ukraine is not only reshaping the strategic and political order in Europe, it is also upending long-held assumptions about the complex linkages that characterize the global economy. Millions of times a day, vast exchanges of money and goods cross land borders and oceans, creating enormous wealth, evenRead More →
The 16,800 level, which has acted as strong support for the Nifty until recently, is likely to act as resistance in the coming week. The Nifty fell 3.6% last week after Russia launched a military operation in Ukraine that led to panic selling in global markets. The index gained 2.5%Read More →
This is a column by Charlie Harper, an Atlanta-based public policy expert and longtime contributor to the Savannah Morning News. In the long run, we are all dead. This is perhaps the most famous quote – and caveat – from the late economist John Maynard Keynes. While Keynes is todayRead More →
Zainab Ahmed, Minister of Finance Minister of Finance, Budget and National Planning, Zainab Ahmed, on Tuesday received the report on the National Savings Scheme from the Task Force, with a commitment to work with stakeholders in implementing the recommendations . The task force was constituted virtually by the Minister inRead More →
The Bank of Canada raises its key rate The Bank of Canada has raised its target policy rate for the first time since it cut its benchmark rate to its lowest level at the start of the COVID-19 pandemic. The central bank raised its key rate by a quarter ofRead More →
In an interview with Jovem Pan’s website, shortly before his participation in the Direct to the Point program, the minister claims that he will renew the credit programs for companies and that they will have up to three novelties that Bolsonaro analyzes Content Bruno Rocha/EstadaoThe minister again criticized the readjustmentRead More →
NEW DELHI: The Delhi government’s budget for 2022-23 will feature a roadmap for the city’s economic progress and for the creation of employment opportunities, as suggested by businessmen and young people, Deputy Chief Minister Manish Sisodia said Thursday. Creation of a new special economic zone, development of Delhi as anRead More →
An abundance of funds have been allocated to transit authorities and more funds are on the way thanks to the bipartisan Infrastructure Act. Interestingly, a trend has emerged that indicates common practice across the country. Public officials at local levels of government design transit projects to stimulate other types ofRead More →
Continuation from yesterday In the oil and gas industry, for example, all major legal work (worth well over $1 billion) done by major IOCs is done by retained foreign law firms. These overseas law firms are engaged in extensive legal support for IOCs – from advising on contract drafting, consultation,Read More →
Reset password What if I forgot my password? If you forgot your password, use the link on the login button to take you to the login page. Type your e-mail address and click on the “continue with e-mail” button. An email will be sent to you with instructions to resetRead More →
/cloudfront-us-east-2.images.arcpublishing.com/reuters/SAIBG3GTGNOXLMWS7QLEPPFX4M.jpg)
North Korean leader Kim Jong Un attends a ruling Workers’ Party political bureau meeting in Pyongyang, North Korea, January 19, 2022 in this photo released by Korea Central News Agency (KCNA) from the North on January 20, 2022. KCNA via REUTERS ATTENTION EDITORS – THIS IMAGE WAS PROVIDED BY ARead More →
Funding for community colleges is a top priority PHOENIX – Governor Doug Ducey today joined Arizona Western College President Dr. Daniel Corr and Arizona Commerce Authority President and CEO Sandra Watson to outline a program to to provide skilled workers to Arizona. “Arizona’s community colleges are an integral part ofRead More →
NEW DELHI: India is likely to increase spending on infrastructure, health services and social programs in its annual budget on Tuesday, in a bid to put the economy back on firmer footing as it battles a spike in Covid-19 cases and growing inflationary pressure. Finance Minister Nirmala Sitharaman is expectedRead More →
Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal hailed the Union budget as a pro-development and inclusive budget which will contribute immensely to the growth of the Indian economy. The Minister also welcomed the special announcement made for the North East region – through the empowerment of the NorthRead More →
By Manish Aggarwal, Director, Bikano, Bikanervala Foods Pvt Ltd FM Nirmala Sitharaman’s Union Budget 2022-2023 is a strong budget that takes a strong and future-ready stance in favor of technology, business and green energy and estimates that the GDP of the India is expected to grow by around 9.2%, theRead More →
“Two major concerns are inflation and unemployment. Under such circumstances, infrastructure spending has been the priority and allocations are higher, but actual spending on the ground is still not what it should be,” says Rajnish Kumarold CMD, SBI. The public sector banking network becomes the hub and distribution funnel ofRead More →
MALONE – The Franklin County Economic Development Corp. discussed plans for this year with the county council of legislators on Thursday. Jeremy Evans, CEO of the county’s Industrial Development Agency, said the company’s goals for the year are to grow the local economy, while embracing diversity and inclusion,Read More →
As the economy experiences an “uneven recovery” from the pandemic, the central government would do well to calibrate the pace of fiscal consolidation and focus more on a new boost to economic growth, say top economists. There is a need to push the needle on capital spending over the nextRead More →
American foreign policy remains under siege. America’s outdated thinkers, especially those who overestimate Washington’s economic influence while grossly underestimating the will of adversaries, still shape American foreign policy in the 21st century. To illustrate this, consider what Ryan Crocker, the former US Ambassador to Afghanistan, said on October 21, 2021Read More →
How weak is China’s economy? A slew of data over the past few weeks suggests it has greatly slowed down. It may not even increase at all, given the unreliable nature of China’s domestic statistics. Most observers say the slowdown is due to the government’s attempt to stamp out Covid-19Read More →
The Scottish National Party (SNP) recently renewed its pledge to get rid of Britain’s Trident nuclear deterrent if Scotland becomes independent. The party, led by Scottish First Minister Nicola Sturgeon, last month ruled out the idea of nuclear weapons remaining in the country in a hypothetical scenario of secession fromRead More →
JThe Biden administration’s claims that it wields “tremendous” economic leverage over the Taliban are overblown, some outside conservative experts have said. Since the beginning of the US withdrawal from Afghanistan, the Biden administration has asserted that the Taliban must respect the human rights of those in Afghanistan if they expectRead More →
Breadcrumb Links News Canada Passing out of Afghanistan is easier said than done, however, now that Kabul airport is overrun and evacuation flights appear to have been brought to a standstill for good. Author of the article: Joseph brean Release date : August 29, 2021 • August 29, 2021 •Read More →
Democrats in Congress are now poised to enact two huge non-defense spending expansions, though serious challenges remain. The first is a $1.2 a $1 trillion package of infrastructure spending, including funding for roads, bridges, railways, rural broadband and water systems, which enjoys bipartisan support. The other is a so-called fiscalRead More →
For decades, brave and determined American policymakers, faced with the challenges of North Korea, have courageously fixed their steely gaze on East Asia and, with resolve, courage and conviction, have chosen to seek scapegoating rather than making hard choices. And while scapegoats have been found in several places, the mostRead More →