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The World Bank has raised concerns that over 100 nations, including China, India, Brazil, and South Africa, may face stagnation in a "middle-income trap" unless they implement significant economic reforms. The institution's latest report highlights the necessity for emerging markets to diversify their growth strategies beyond heavy reliance on investment....

Thirty-five distinct representations of the Australian landscape are displayed in two large rooms at Hadley's Orient Hotel in Hobart. These works, each a finalist in the 2024 Hadley's Art Prize, span a variety of mediums. The exhibition of the Hadley's Art Prize finalists is on display at Hadley's Orient Hotel...

Petroleos Mexicanos (Pemex) reported its most significant loss since the onset of the global pandemic over four years ago. The state oil company recorded a second-quarter loss of $13.8 billion, a stark contrast to the $1.4 billion profit reported a year earlier. This represents the steepest loss since the first...

The tokenization of real-world assets (RWAs) has the potential to revolutionize traditional finance, and a dedicated blockchain is essential for its rapid adoption, according to John Patrick Mullin, CEO and co-founder of Mantra. Mantra positions itself as a “security-first” layer-1 blockchain designed to meet real-world regulatory requirements. Mullin emphasized that...

Canfor Corp. has announced the retirement of its long-standing President and CEO, Don Kayne, effective at the end of this year. Kayne's career with the Vancouver-based company spans an impressive 46 years, with him serving as CEO since 2011. Under Kayne’s leadership, Canfor has undergone significant growth and transformation, evolving...

Henley & Partners' 2024 Africa Wealth Report highlights that Africa is home to 135,200 high-net-worth individuals (HNWIs) with liquid investable assets exceeding USD 1 million. The continent also boasts 342 centi-millionaires, each worth USD 100 million or more, and 21 billionaires. Africa’s top five wealth markets—South Africa, Egypt, Nigeria, Kenya,...

On July 23, 2024, Federal Bank's shares surged by 5.5%, reaching an unprecedented peak following the Reserve Bank of India's (RBI) approval of KVS Manian as the new CEO. This decision alleviated concerns regarding the bank's leadership succession. Having departed from Kotak Mahindra Bank in April after nearly thirty years,...

Mark Litwin is a leader in Toronto's private equity landscape, where he holds the role of President at Marrisa Holdings Inc. With more than three decades of expertise in the field, Litwin has developed a specialization in the real estate and healthcare sectors. His strategic guidance has been crucial for...

Leading executives from JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, and PNC Financial Services express varied views on the economy, highlighting both potential risks and areas of growth. Jamie Dimon, CEO of JPMorgan Chase, urges caution due to hidden economic risks, with the bank's CFO noting that loan demand...

In 2023, Google and Microsoft each consumed 24 TWh of electricity, surpassing the consumption levels of over 100 countries, according to new research. Analysis by Michael Thomas shared on X, indicates that both tech giants used the same amount of energy as Azerbaijan, which has a GDP of $78.7 billion....