archiveChief Engineering Officer Insider

International credit rating agency Fitch Ratings has cautioned that the ongoing Mpox outbreak could negatively impact the economies of African countries and strain their fiscal positions. In a commentary released on Wednesday, Fitch highlighted that an escalation in the spread of Mpox in sub-Saharan Africa could increase the likelihood of...

Over the past six months, unemployment rates have been on the rise across several advanced economies, including the United States, the United Kingdom, Canada, Germany, Australia, and Switzerland, according to Fitch Ratings' latest '20/20 Vision' report. Although unemployment remains low by historical standards, the easing of labor market conditions is...

The FTSE 100 and European stocks saw gains on Thursday, with Wall Street also advancing, as the U.S. economy demonstrated stronger-than-expected growth in the final quarter of last year. According to the Bureau of Economic Analysis (BEA), U.S. gross domestic product (GDP) increased by 3.4% in the last quarter of...

If you want to make it to the top of the business world, there are essential skills that you need to have. Some people are extremely driven to make it to the top, and this gets them to a certain point. But without razor-sharp cognitive abilities, you will likely be...

The United States has long been recognized as a global leader in innovation, producing groundbreaking technologies that have transformed industries and improved lives. Many middle-income countries aspiring to achieve high-income status often look to the American innovation model for inspiration. The latest World Development Report identifies three key lessons from...

Estée Lauder Companies (ELC) reported a 2% decline in net sales, totaling $15.6 billion for the fiscal year ending June 30, 2024. This decrease reflects the ongoing struggles in the Chinese market for prestige beauty products, as well as other global challenges. Organic net sales, which exclude the impact of...

Australia's central bank acknowledged on Monday that economic forecasts were subject to significant uncertainty, which has influenced policymakers' decision to maintain current interest rates while awaiting additional data. Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser, during a speech in Brisbane, noted that inflation had been persistent partly because...

Nigerian mogul and industrial titan Aliko Dangote has reclaimed his position as Africa's wealthiest individual only days after losing the title to South African tycoon Johann Rupert. Dangote's vast fortune surged by an impressive $144 million within a mere 24 hours, bringing his total net worth to a staggering $13.7...

Costa Rica has officially recognized Vietnam’s market economy status, becoming the 73rd country to do so, shortly after the United States declined to grant similar recognition. Several major economies, including Australia, Canada, the UK, Japan, South Korea, and New Zealand, have already classified Vietnam as a market economy. In contrast,...

According to the latest wealth report from real estate consultancy Knight Frank, 2023 saw 2,587 individuals in New Zealand achieving "ultra high net worth" status, defined as having at least US$30 million in wealth. Stats NZ highlighted that in 2021, the top 1% of New Zealand households possessed net wealth...