According to the Asian Development Bank (ADB), the Philippines is expected to meet its economic growth target for this year, supported by decreasing inflation and anticipated interest rate cuts. However, projections for next year indicate that the growth might not fully align with the government's objectives. In its recently published...

Christian Laibacher, the CEO of Solar Fabrik, has been detained by German authorities due to an ongoing investigation led by the Würzburg public prosecutor's office. While specific details of the case remain undisclosed, it has been confirmed that the inquiry pertains to the activities of ESC Verwaltungs GmbH & Co....

In the fight against rising cybercrime, dark web monitoring has become vital for banking industry leaders. The financial sector faces ongoing threats from fraud and cybercriminal activity, with an estimated $3.1 trillion in illicit funds coursing through the global financial system in 2023. Fraud scams and bank fraud accounted for...

Encompassing areas like communications, transport, finance, education, and tourism, the services sector contributes over two-thirds of the world's GDP and employs more individuals than any other industry. A report by the World Bank and WTO, "Trade Services in Development," highlights the sector's significant role in promoting female empowerment. Despite its...

As of January 2024, internet connectivity in Latin America and the Caribbean has seen remarkable growth, with over 90% of residents in the Bahamas, Costa Rica, Antigua & Barbuda, and Chile being online, placing these countries at the forefront of internet access in the region. Similarly, more than 85% of...

In Australia, casinos play a crucial role in driving economic growth and wealth distribution. These gambling establishments, both online and physical, significantly contribute to the national Gross Domestic Product (GDP) and create numerous job opportunities across the country. Casinos attract millions of visitors annually, who not only spend money at...

Battery-electric car registrations in the European Union fell by 1% last month, totaling 156,408 units, according to the European Automobile Manufacturers' Association (ACEA). This decline resulted in a market share drop from 15.1% to 14.4% compared to the same period last year. Despite the overall decline, several countries reported significant...

Mitsubishi UFJ Financial Group Inc. (MUFG), Japan's largest banking group, announced that its top executives would take pay cuts in an effort to regain client trust after breaching information firewalls. The move comes as part of the bank's response to regulatory penalties and lost business resulting from the violations. Hironori...

Did you know that India is already the world’s third-largest economy in terms of GDP (PPP), which stands for purchasing power parity? PPP focuses on the purchasing power of the domestic currency within the economy for a basket of goods. Interestingly, the United States of America doesn’t top this ranking!...