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
Companies surveyed in Central and Eastern Europe (CEE) demonstrate resilience and adaptability in navigating the challenging economic landscape. While 60% expect ongoing economic strain to trigger a rise in insolvencies over the next 12 months, nearly 33% also anticipate facing short-term and long-term challenges shaping the overall business landscape. This explains why 10% more CEE companies than last year are shifting focus to strategic credit risk management to protect their financial health. Continue reading
This excerpt describes a regular enforcement action by the European Commission.
Location: Brussels, Belgium (headquarters of the European Commission)
Date: May 23, 2024
Source: PR Newswire Policy (likely a press release)
Action: The European Commission is taking legal action against member states of the EU.
The reason for the legal action is that some member states are not following EU laws as they should be. The goal is to make sure EU laws are applied correctly so both citizens and businesses benefit.
EU law covers many areas, so the specific infringements (areas where the law isn’t being followed) aren’t mentioned in this excerpt. Continue reading
The GEP Global Supply Chain Volatility Index — a leading indicator tracking demand conditions, shortages, transportation costs, inventories and backlogs based on a monthly survey of 27,000 businesses — rose in April to -0.18, from -0.32 in March, which signals that global supply chains are operating at close to full capacity. Continue reading
New academic research released today from the West African country of Ghana shows that waste in the second hand clothes sector (SHC) is dramatically lower than has been previously claimed. Continue reading
Mike Cook, King’s College London
OpenAI’s new “strategic partnership” and licensing agreement with the Financial Times (FT) follows similar deals between the US tech company and publishers such as Associated Press, German media giant Axel Springer and French newspaper Le Monde.
Despite global challenges such as geopolitical tensions, widespread economic concerns, and emerging virtual mobility trends from the past several years, moving abroad for work remains a dream for many workers around the world, with 23% of professionals actively seeking jobs in other countries, and 63% expressing an overall willingness to do so. Continue reading
Geotab Inc. (“Geotab”), a global market leader in connected transportation solutions, has found that two-thirds of vehicles (cars and vans) operated by private and public sector organisations in the UK are ready to go electric — contrary to increasing industry and media pessimism around electric vehicle (EV) adoption. Continue reading
Following its award-winning film festival run, producer Catherine Gray announced that the documentary “Show Her The Money” has embarked on a 50-city grassroots global tour to shed light on the plight of women entrepreneurs who aren’t getting their share of venture capital. Continue reading