Category Archives: Economy

05Dec/24

TURBULENCE AHEAD: AI REVOLUTION, PROTECTIONISM, TARIFFS, TRADE BARRIERS, AND SUSTAINABILITY TO RESHAPE GLOBAL PROCUREMENT AND SUPPLY CHAINS

Economy, , ,

GEP®, a leading provider of AI-driven procurement and supply chain software and services to Fortune 500 and Global 2000 enterprises worldwide, has unveiled its much-anticipated Outlook 2025: Procurement & Supply Chain report. This comprehensive report identifies six driving forces that will shape procurement and supply chains in 2025, providing actionable guidance to help leaders adapt, thrive, and build resilience in an era of rapid transformation. Continue reading

04Dec/24

Global economic study shows human creators’ future at risk from generative AI

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The first ever global study measuring the economic impact of AI in the music and audiovisual sectors calculates that Generative AI will enrich tech companies while substantially jeopardising the income of human creators in the next five years. Continue reading

25Oct/24

BRICS creates new opportunities for Africa

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At the ongoing BRICS Summit in Kazan, Russia, the leaders of BRICS member states are focusing on strengthening strategic partnerships and enhancing the grouping’s role in international affairs. Continue reading

22Oct/24

European Shoppers Pull Back on Spending, Even as Inflationary Pressures Ease

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Consumers across Europe are feeling the squeeze, with 73% reporting higher prices for goods and services in the first half of the year. At the same time, wages and savings haven’t kept pace: 25% of surveyed respondents said their income dropped in the first half of 2024, and 28% said they didn’t save as much. Continue reading

14Oct/24

Global Businesses Lose $1.75 Trillion from Untapped Economic Potential of ‘Third Largest Nation’

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Today, on World Inclusion Day, global full-cycle verification platform Sumsub reveals that a staggering 627 million individuals globally, larger than the population of the United States and Brazil combined, are excluded from essential digital services, including financial services, education, healthcare, and employment platforms. Continue reading

25Sep/24

US Interest Rate Cut: Potential Ripple Effects on the London Property Rental Market – Insights from Walter Soriano London Management

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Following the recent 0.5 percentage point reduction in the US Federal Reserve’s interest rate, global financial markets are reacting. While the move primarily affects American borrowers and savers, its effects are expected to ripple into the UK, particularly within London’s property market. Walter Soriano London Management (WSLM) examines the potential impacts on property landlords and investors in London’s rental sector. Continue reading

06Sep/24

‘It is crucial to tell the real China-Africa story’

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The 2024 Summit of the Forum on China-Africa Cooperation (FOCAC) is being held in Beijing from September 4 to 6. It takes place at a critical juncture when the world is grappling with various regional and global crises and there is a pressing need for countries from the Global South to join hands. How will this year’s FOCAC elevate ties between China and Africa? Continue reading

04Jun/24

How is BRICS (Brazil, Russia,India,China,South Africa) bloc doing so far?

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June 4, 2024 /Economy/ — The BRICS bloc has been in the news recently due to a significant development: it doubled its membership in January 2024. Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates were all invited to join Atlantic Council. This expansion has the potential to reshape the bloc’s influence, but it also comes with challenges. Continue reading →

23May/24

THE FUTURE OF GLOBAL TRADE IS BEING REGIONALISED, RESTRUCTURED, AND REROUTED, DMCC REPORT FINDS

Economy, ,
Global trade growth and resilience will be maintained in 2024 as an accelerated shift to regionalisation drives deeper bilateral and multilateral partnerships. This will be underpinned by deep supply chain restructuring, modest and uneven goods trade growth, a surge in digital services trade and widespread AI adoption – finds DMCC’s latest Future of Trade 2024 report titled “Decoupled and Reconfigured”. Continue reading