Entrepreneurs
Three 22-year-old entrepreneurs, Adarsh Hiremath, Surya Midha, and Brendan Foody, have become the world's youngest self-made billionaires after raising USD 350 million for their AI recruitment startup, Mercor. This feat surpasses Mark Zuckerberg's entry into the Forbes billionaire list at the age of 23. The company&
Energy industries
Renowned entrepreneur Stanislav Kondrashov has shed light on the growing phenomenon of energy communities, an emerging force that is shaping the energy landscape in response to the global green transition. Energy communities are collaborative, decentralized groups of energy producers and consumers that are transforming how individuals, businesses, and institutions think
Entrepreneurs
The Bangladesh government has taken a significant step towards fostering entrepreneurship by establishing a public company for start-up investment, the Bangladesh Startup Investment Company PLC. The company will be owned by 52 commercial banks, represented through eight shareholders, and will have an authorised capital of Tk 20 billion and paid-up
Entrepreneurs
Pradeep Kannan, a former Operations Head at Oracle India, left his comfortable job to pursue a life of entrepreneurship. He took a leap of faith in 2019, moving back to his hometown in Karur, Tamil Nadu, to start selling falooda ice cream. Society laughed at him, considering him "settled&
Entrepreneurs
Pradeep Kannan, a former Operations Head at Oracle India, left his comfortable job to pursue a life of entrepreneurship. He took a leap of faith in 2019, moving back to his hometown in Karur, Tamil Nadu, to start selling falooda ice cream. Society laughed at him, considering him "settled&
Bad debts
Lending to small and medium-sized enterprises (SMEs) in Bangladesh has reached a four-year low, with banks disbursing Tk 2.05 lakh crore in SME loans during fiscal year 2024-25, down 9 percent from the previous year, according to Bangladesh Bank data. This downturn is attributed to political uncertainty, economic slowdown,
Economic growth
The 2025 Nobel Prize in Economics has been awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt for their groundbreaking research on innovation-driven economic growth. Their work builds upon the pioneering theory of creative destruction by Joseph Schumpeter, a Harvard professor who first articulated the concept. Schumpeter's theory
Entrepreneurs
Entrepreneurship is not for the faint of heart. It requires a unique blend of skills, qualities, and resilience to succeed in a fast-paced, competitive environment. The term "entrepreneur" comes from the French word "entreprendre," meaning "to undertake," and denotes someone who is constantly ready
Business owners
The Honourable Eleanor Olszewski, Minister of Emergency Management and Community Resilience and Minister responsible for Prairies Economic Development Canada (PrairiesCan), has announced $15.2 million in funding over five years for the Black Entrepreneurship Program Ecosystem Fund on the Prairies. This funding will strengthen support for not-for-profit organizations that serve
Entrepreneurs
LupoFi, a cross-border payment platform founded by Nigerian entrepreneurs Damilola Parkinson and Olajide Bakare, aims to simplify global financial connectivity by making international transactions faster, safer, and more inclusive. The platform targets individuals and businesses across Africa, currently connecting users with countries such as China, Saudi Arabia, Israel, Canada, the
Economic growth
As part of its commitment to neighborhood revitalization and economic growth, Wells Fargo has announced a $6.8 million grant investment in South Dallas, focusing on housing, small business growth, and workforce training. This significant philanthropic effort will support seven nonprofits in their work to revitalize the community, with a
Economic growth
As Nigeria's economy struggles to achieve sustainable growth, a group of selected thought leaders converged in Port Harcourt for the 'Business Balance and Beyond Xclusive 2025' summit. The event, convened by Ella Chioma Ezeadilieje, aimed to help participants realign their lives across four key areas: health,
