Europe needs to be ready to defend itself, not because of Trump's victory in the US, but because of Russian President Vladimir Putin, the new commissioner for defence and space told MEPs during his confirmation hearing on Wednesday. The EU must spend more, better, together and European, the future commissioner for defence and space told MEPs during … Continue reading Diplomat advises EU to boost defence capabilities against Russia invasion
Treasury minister James Murray has been speaking to the media this morning. He is one of those working on next week's budget. Yesterday the chancellor confirmed she was planning to change the government's fiscal rules - how it calculates its debt and the parameters for spending. The shadow chancellor Jeremy Hunt warned this could push … Continue reading Does UK govt think its budget will increase mortgage rates?
Hong Kong's gross domestic product (GDP) expanded 3.3 percent year-on-year in real terms in the second quarter, official data showed Friday. The pace quickened from a 2.8-percent growth in the preceding quarter. The growth was driven mainly by exports, with total exports of goods jumping 7.5 percent year-on-year in real terms in the second quarter, … Continue reading Hong Kong’s GDP increases by 3.3% in Q2
'UK economy going nowhere - but we're not an outlier, and things will soon improve for our pockets' On the back of the announcement that the UK is in recession, Simon Gordon, chief economist at Panmure Gordon, has explained what it means for the country and your pocket. What's behind this? Mr Gordon told Sky … Continue reading UK Recession: What you need to know
This week, French finance minister Bruno Le Maire said that France and Germany agree on most proposed changes to European Union (EU) fiscal rules but differ on the treatment of investment spending when the deficit is above EU limits. Maintaining investment was crucial for Paris, a "red line," he stressed. "I consider that France has … Continue reading France, Germany agree on most EU fiscal rules, differ on investment
Mansur Matazu, Director-General of the Nigerian Meteorological Agency, has stated that flooding has cost the country $4.6 billion, significantly impacting the country’s GDP. Matazu disclosed this at a workshop on increasing access to climate information services for national development and food security in Nigeria, hosted by NIMET, in partnership with the Human and Environmental Development … Continue reading Nigeria has lost over $4.6bn to flooding — NiMet Boss
Photo by Porapak Apichodilok on Pexels.com Despite abundant global wealth, some countries continue to suffer extreme poverty. Going by GDP per capita country-wise, this article lists the poorest countries in the world in 2023. Before getting into the list of the poorest countries in the world, let’s first understand the concept of GDP per capita … Continue reading List of Poorest Countries by GDP Per Capita
Photo by vectors icon on Pexels.com The UK economy marginally grew over the first quarter of the year, according to official data, further easing concerns that the UK could soon enter a recession. UK gross domestic product (GDP) increased by 0.1% between January and March, the Office for National Statistics (ONS) revealed. But it came after a … Continue reading Why UK economy plunged in March 2023
In an economic development that hasn't received much attention in the Western media, the GDP of the BRICS nations has surpassed that of the G7. That news, coupled with plans by the BRICS (Brazil, Russia, India, China and South Africa) nations to create their own currency later this year presents a challenge to the US … Continue reading BRICS’ GDP, potential currency a challenge to US dollar dominance
Anyanwu (2001) defined entrepreneurship as the act of organizing and effectively managing risk-prone factors of production for profitability and sustainable growth of businesses. SMEs in Nigeria started with private-sector indigenization in 1956, when the British Colony established Federal Loans Board to control credit facilities. In early 1970s, FG initiated the small-scale industries scheme, including … Continue reading Brief history of small and medium-scale enterprises in Nigeria
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