Author: Tage Kene-Okafor
For many emerging market economies, remittances have become a lifeline. Inflows surpassed $669 billion in 2023, according to World Bank research, and they now represent significant portions of GDP in these countries, often outpacing foreign direct investment as the primary source of foreign exchange. Traditional banks and agents maintain a firm grip on the remittance market, with over 60% market share despite fierce competition from new tech challengers.Read More
The Philippines, Asia’s top beach destination, achieved a record-breaking $13B in 2024 tourism revenue, highlighting its rise as a global travel powerhouse.Read More
Traffic with Italy, Morocco and China rises, while UK and France remain below pre-pandemic levelsRead More
Council of Europe Strasbourg 14 January 2025Read More
Iran and European powers Britain, France, and Germany […]Read More
Turmoil in Europe’s car sector could hit the central European economy and hurt banks’ asset quality, S&P Global said on Tuesday, although it added that lenders were strong enough to withstand stress in their automotive portfolios. Automakers across Europe have announced plant closures and big layoffs as they struggle with weak demand, high costs, competition from China and a slower-than-expected transition to electric vehicles. The sector is a mainstay of central Europe’s economic growth, accounting for 5% to 10% of the region’s gross domestic product and 5% of its employment, according to S&P.Read More
It comes after Nigel Farage’s party claimed to have overtaken the Tories’ membership numbersRead More
Tory leader says new inquiry should look at background of perpetrators as well as why some in authority did not actRead More
See how collaboration amongst policymakers, healthcare providers, technology companies and investors worldwide can help cut healthcare inequity and costs.Read More
BANGKOK — Auto industry newcomers like Taiwan-based iPhone maker Foxconn and China’s Huawei Technologies are maneuvering to gain an edge in the electric vehicle sector, prompting automakers like Japan’s Nissan and Honda to announce plans to join forces against a flood of ambitious competitors.Read More