The world’s 26 poorest countries face a pivotal 25 years to progress from low-income to middle-income status, according to a new World Bank analysis. These nations, home to over 40% of people surviving on less than $2.15 a day, are at the center of global efforts to eliminate extreme poverty....

Countries participating in the Belt and Road Initiative (BRI) stand to significantly enhance their economic prospects, according to Andrei Ostrovsky, chief researcher at the Institute of Oriental Studies of the Russian Academy of Sciences. Ostrovsky explained that the BRI emphasizes joint development and mutual benefits for all member nations. To...

The Economic Commission for Latin America and the Caribbean (ECLAC) is set to present its flagship annual report, Preliminary Overview of the Economies of Latin America and the Caribbean 2024, on Wednesday, December 18. The report will analyze the region’s economic performance over the past year and provide updated growth...

To be in the top 1% of earners in the United States, households need to bring in nearly $800,000 annually on a national scale. However, in some areas, earning half that amount could still grant entry into this exclusive group. A report by Axios highlights that location plays a critical...

eBay has expanded Klarna’s buy now, pay later (BNPL) payment options to six additional European countries following a successful launch in Germany. Shoppers in Austria, France, Italy, the Netherlands, Spain, and the United Kingdom can now access these flexible payment methods, according to a joint press release issued on Thursday,...

Connecticut undeniably ranks first with the highest expenditure on higher education, investing an impressive $1,734 per person holding a bachelor's degree or higher. New Jersey and Illinois claim the second and third spots, respectively, demonstrating significant commitment to educational funding. Meanwhile, Florida ranks bottom, allocating a mere $572 per person...

Identity theft and fraud are urgent issues that demand immediate attention, as they affect millions of Americans. The statistics show just how dire the situation is: in 2023, the Federal Trade Commission (FTC) recorded nearly 5.4 million complaints related to these crimes—an appalling average of 14,773 reports every single day....

The Digital Transformation followed the Industrial Revolution, and now we find ourselves amid a remote work revolution. With employees seeking greater flexibility, companies worldwide are reevaluating their business models to attract and retain top talent. As a result, various sectors, job roles, and countries are quickly adapting to a future...

The "Fall 2024 Fortune/Deloitte CEO Survey" reveals a sharp uptick in CEO confidence regarding the global economy, marking a significant improvement from the summer survey. This optimism appears to be driven by factors such as expectations of a favorable tax environment, reduced regulation, and support for mergers and acquisitions (M&A)....