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Reducing debt payments for the world’s poorest countries to more manageable levels could dramatically improve access to education and clean water, potentially allowing 5 million more children to attend school and providing clean drinking water to 17 million people, according to a recent study. Research conducted by academics at the...

Vietnam's economy is projected to accelerate in 2024, buoyed by a resurgence in manufactured exports, a revival in tourism, and strengthening domestic consumption and business investment, according to a new report from the World Bank. The World Bank's "Talking Stock" report forecasts that Vietnam's economy will grow by 6.1% in...

Seasonal spending and a well-planned subscription box go together like peanut butter and jelly. For starters, both industries are booming — with holiday retail sales in the United States on track to reach $1 trillion this year and the subscription economy projected to hit $1.5 trillion by 2025. Secondly, and...

Starting next month, Starbucks' incoming CEO, Brian Niccol, will face an extraordinary commute, traveling 1,600 kilometers daily from his home in California to the company’s headquarters in Seattle. According to his offer letter, Niccol will rely on a corporate jet for his daily journey. Despite the travel, Starbucks' hybrid work...

In 2024, securing a spot among the top 1% of income earners in South Africa demands a substantial annual salary. Recent financial analyses reveal that an annual income of approximately $140,000 places an individual within this exclusive group. Previous data from Knight Frank highlighted that to be part of South...

In the first quarter of 2024, Europe's leading economies experienced modest gains in disposable household income per capita, with increases ranging from 0.2% to 3.4%. Similarly, real GDP per capita showed positive growth in most European nations during the same period, according to data from the Organisation for Economic Co-operation...

A significant cryptocurrency scandal has rocked South Korea, with the arrest of Byun Young-oh, CEO of the tech company Wacon, who is accused of orchestrating a large-scale Ethereum-related fraud. Alongside an accomplice named Yeom, they allegedly defrauded over 500 victims through a deceptive investment scheme. The fraudulent operation, spearheaded by...

A recent study commissioned by the European Union and United Nations reveals that several Georgian economic sectors are well-positioned to expand exports to Europe. The report, titled “Georgia’s Economy Sectors with High Growth and Export Potential,” suggests a strong desire among Georgian businesses to engage with European markets, despite concerns...

Union Bancaire Privée (UBP) has announced the appointment of Teresa Lee as the region head for North Asia and the chief executive of its Hong Kong operations. Lee brings a wealth of experience from her previous roles, including her tenure at the Bank of Singapore, where she served as head...

Delta Air Lines CEO Ed Bastian revealed on Wednesday that the recent IT outage, which left thousands of customers stranded, will cost the airline $500 million. This figure includes lost revenue and “tens of millions of dollars per day in compensation and hotel expenses” over a five-day period, aligning with...