Economic growth
The Canadian government has passed the One Canadian Economy Act, which aims to supercharge productivity, economic growth, and competitiveness in the country. Bill C-5, the legislation, received Royal Assent on June 26, 2025. The act is designed to expedite nation-building projects, including the Building Canada Fund, which supports infrastructure development
Economic growth
The City of Tshwane is preparing to leverage the upcoming C20 and G20 meetings in South Africa to demonstrate its capabilities in hosting international conferences, highlighting its infrastructure, hospitality, and tourism sector. Member of Mayoral Committee for Economic Development and Spatial Planning, Sarah Mabotsa, emphasized the significance of tourism in
Economic growth
A wave of strong hiring numbers and low unemployment rates may be obscuring a more severe issue affecting millions of Americans. The Ludwig Institute for Shared Economic Prosperity (LISEP) has found that 24.3% of working-age individuals are "functionally unemployed," meaning they are technically employed but still unable
Economic growth
Governor Gent Sejko of the Bank of Albania recently attended the constituency meeting of the International Monetary Fund (IMF) and World Bank Group (WBG) in Varese, Italy. The meeting focused on the global economy and the impact of trade restrictions on economic growth. Sejko presented an overview of Albania'
Economic growth
S&P Global Ratings has downgraded South Africa's economic growth forecast for 2025 following a subdued gross domestic product (GDP) print in the first quarter, expanding by a marginal 0.1% compared with the fourth quarter of 2024. This lackluster performance was attributed to negative gains in
Economic growth
US Federal Reserve Chair Jerome Powell dismissed the prospect of stagflation, a period of slow economic growth and high inflation, in comments before the Senate Banking Committee. The statement comes as investors await data on US economic growth and initial jobless claims, while also keeping an eye on comments from
Economic growth
As part of the Labour Government's welfare reforms, Health Secretary Wes Streeting announced a new pilot scheme to recruit an extra 1,000 NHS staff from areas worst affected by unemployment. The initiative is aimed at getting patients off waiting lists and back to work, with a focus
Economic growth
The World Bank has approved a $426 million loan to support the Karnataka Water Security and Resilience Programme in Bengaluru, a key initiative to revive the city's 183 lakes and improve water security for over 4 million residents. The programme aims to construct nine sewage water treatment plants,
Economic growth
The Philippine economy is expected to grow 5.9 percent this year, according to S&P Global Ratings, citing reduced global trade uncertainty and benign inflation. The upgraded forecast comes as the Bangko Sentral ng Pilipinas (BSP) gains space to resume monetary easing. S&P expects the BSP
Economic growth
The Revitalizing Investment, Savings, and Entrepreneurship (RISE) Act, introduced by Rep. French Hill (AR-02) and co-lead by Rep. Steube (R-FL), aims to unleash capital, boost investment, and drive economic growth by limiting the capital gains tax rate to 15%. The bill is endorsed by the National Taxpayers Union, National Venture
Economic growth
SDB Bank, a leading commercial bank in Sri Lanka, has formed a strategic partnership with the Market Development Facility (MDF), an Australian Government-funded initiative, to strengthen its value chain financing efforts in the country's agriculture sector. The partnership aims to address critical funding and development gaps in the
Economic growth
As part of the Labour Government's sweeping welfare reforms, the NHS has been given an "important role to play" in getting patients off waiting lists and back to work, with plans to divert over £2 billion in NHS spending to working-class communities. Health Secretary Wes Streeting
