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New Zealand’s central bank has unexpectedly begun reducing interest rates, signaling a shift towards easing monetary policy earlier than anticipated due to a slowing economy and declining inflation. This move caused the New Zealand dollar to tumble. The Reserve Bank of New Zealand (RBNZ) cut the Official Cash Rate (OCR)...

A report from Multiverse, released on August 5, highlights that businesses are experiencing significant productivity losses due to widespread data skills gaps. On average, these gaps result in the equivalent of approximately 25 lost working days per employee each year, specifically related to data-related tasks. The report found that while...

The Philippine economy experienced a stronger-than-expected expansion in the second quarter of 2024, driven by increased government spending and investments, which helped counterbalance sluggish consumer spending due to rising inflation. According to the Philippine Statistics Authority, the country's Gross Domestic Product (GDP) grew by 6.3% from April to June compared...

A new World Bank study highlights the significant obstacles faced by over a hundred nations—including China, India, Brazil, South Africa, and Thailand—in their efforts to transition to high-income economies in the coming decades. The report, titled "World Development Report 2024: The Middle Income Trap," offers a detailed analysis and strategic...

Grace Wee Jingsi, the youngest daughter of United Overseas Bank Ltd.'s CEO, Wee Ee Cheong, is set to purchase a luxurious $29 million mansion, capitalizing on a temporary dip in Singapore's high-end real estate market. According to property filings from March, Wee is buying a prestigious "good class bungalow" located...

Professional imagery is being revolutionized in 2024. We’ve moved past the era of purely artistic image generators and are in the middle of the next one: AI headshot generators. These new image generation tools are helping everyone make better digital impressions. Recent developments in AI machine learning technology have made...

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...