Market research firm Counterpoint Research reported a 5% year-on-year growth in the global smartphone market in October, marking the first growth after a 27-month contraction. This growth was primarily driven by a resurgence in emerging markets, Huawei’s successful return in China, and Apple’s launch of the iPhone 15 in September. Counterpoint Research anticipates that the …
The stamp duty that non-permanent residents have to pay for property and another levy imposed on additional property purchases by residents will each be halved to 7.5%. A special stamp duty amounting to 10% of property prices that was previously imposed on transactions involving property held for less than three years will now apply for …
Yellow taxi cabs drive down a road in Senegal’s capital city of Dakar on Sept. 6, 2023. John Wessels | Afp | Getty Images BEIJING — An ambassador of an African country to China has criticized the International Monetary Fund and the World Bank for their restrictive lending policies. “The problem is that the ratings …
Pedestrians walk towards the Chhatrapati Shivaji Terminus train station at dusk in Mumbai, India, on Wednesday, Oct. 4, 2023. Bloomberg | Bloomberg | Getty Images The International Monetary Fund has raised its growth forecast for India, stating that the country’s growth will remain strong in 2023 and 2024. However, analysts warn that there will be …
Attendees arrive at the event campus on the opening day of the annual meetings of the International Monetary Fund (IMF) and World Bank in Marrakesh, Morocco, on Monday, Oct. 9, 2023. Bloomberg | Bloomberg | Getty Images The International Monetary Fund (IMF) released its latest World Economic Outlook on Tuesday, providing revised growth projections for …
“Financial inclusion,” which refers to individuals and businesses having access to affordable and beneficial financial products, has experienced a decline in the United States, based on recent industry research. In the second annual Global Financial Inclusion Index compiled by the Centre for Economics and Business Research in London and Principal Financial Group based in Des …
The U.S. Latino economy continues to experience significant growth, with its value reaching $3.2 trillion in 2021, up from $2.8 trillion the previous year, according to a report by the Latino Donor Collaborative in partnership with Wells Fargo. The report, released by the nonprofit, nonpartisan group LDC, reveals that the U.S. Latino economy has grown …
China’s relationship with the European Union hangs in the balance, with the EU’s trade chief urging Beijing to prioritize openness and fairness. Valdis Dombrovskis, executive vice president of the European Commission, delivered a speech at Tsinghua University in Beijing on Monday, emphasizing the importance of mutually beneficial relations based on open, fair trade and cooperation …
India suspended visa applications in Canada on Thursday due to unspecified security threats, escalating the diplomatic crisis between the two countries. The Canadian government accused the Indian government of orchestrating the extra-judicial killing of a Sikh separatist in Canada. However, New Delhi denies these allegations and accuses Ottawa of being sympathetic to anti-India causes. The …
Saudi Arabia’s Crown Prince and Prime Minister, Mohammed bin Salman, India’s Prime Minister Narendra Modi, and US President Joe Biden attended a session at the G20 Leaders’ Summit in New Delhi on September 9, 2023. This unexpected sight of President Biden shaking hands with the Saudi Crown Prince marks a significant turnaround in the US-Saudi …