Economic growth
The US Federal Reserve announced that it would keep interest rates on hold, but signaled that it might make two cuts this year, as the global economy continues to grapple with uncertainty. Despite US President Donald Trump's calls for lower rates, policymakers at the American central bank lifted
Economic growth
The Federal Reserve kept interest rates unchanged in a bid to balance economic growth with concerns over inflation, despite downward revisions to its growth forecast for 2025 and 2026. In a unanimous vote, the Federal Open Market Committee maintained the target range for the federal funds rate at 4.25-4.
Economic growth
The U.S. Federal Reserve held its key interest rates steady on Wednesday, maintaining the 4.25%-4.5% range where it has been since December. The decision comes as uncertainty surrounds the economic outlook, driven by the unpredictable application of tariffs and ongoing trade volatility. The Fed indicated that
Economic growth
The World Bank has unveiled a comprehensive 2.1 billion USD financing package for Indonesia, supporting the country's ambitious goal of becoming a high-income nation by 2045. The package is designed to drive job creation, stimulate economic growth, and enhance access to clean energy across the country. The
Economic growth
Ambassador Anna Hammargren of Sweden delivered a compelling speech at the "Road to Net Zero 2025: Thailand Green Action" forum, highlighting her country's achievements in decoupling economic growth from carbon emissions and building a thriving green economy. Sweden aims to become the world's first
Economic growth
At the State House Conference Centre in Abuja, President Bola Tinubu kickstarted the Infrastructure Concession Regulatory Commission (ICRC) 2025 Nigeria Public-Private Partnership (PPP) Summit with a keynote address, outlining his administration's commitment to leveraging PPPs as a critical strategy for addressing Nigeria's vast infrastructure needs. The
Economic growth
Foreign direct investment (FDI) to developing economies has dwindled to the lowest level since 2005, posing a significant threat to global efforts to mobilise financing for development. According to a 20-year study by Impact News magazine, FDI flows into developing economies have slowed to a trickle due to rising trade
Economic growth
Africa Finance Corporation, the United Nations Industrial Development Organization, and partners have formalized a new strategic alliance aimed at leveraging Islamic and Arab finance to drive economic transformation in Africa, the Arab Region, and Beyond. This historic partnership, known as the Islamic and Arab Finance for Economic Transformation in Africa,
Economic growth
As Nigeria navigates the challenges of rising inflation, tightened liquidity, and slowing economic growth, it has become increasingly clear that the country's economic future depends on the ability to fund and fuel its small businesses. Despite contributing more than 50% of the country's GDP and accounting
Economic growth
Business leaders in Karachi voiced strong criticism over the State Bank of Pakistan's (SBP) decision to maintain the status quo on interest rates, warning that the policy continues to choke economic growth and industrial recovery. Karach Chamber of Commerce and Industry (KCCI) President Muhammad Jawed Bilwani expressed profound
Economic growth
The UK Parliament has launched a new inquiry into the country's small business strategy, aiming to provide a voice for small and medium-sized enterprises (SMEs) in the national debate on trade and economic growth. As part of this inquiry, the Business and Trade Committee is seeking input from
Economic growth
As midmarket companies continue to grow and scale their digital operations, cybersecurity leaders (CISOs) are facing increasing pressure to deliver enterprise-grade security with limited resources and less mature security programs. A recent report revealed that CISOs in small and midmarket organizations earn an average of $415K in total compensation, with
