Special Reports

The combined economic output of the BRICS+ countries is projected to surpass that of the G7 nations by 2045, according to a global economic forecast by the Economist Intelligence Unit (EIU), the research arm of The Economist Group. The forecast indicates a narrowing gap between these two economic blocs over...

China and Latin American countries are joining forces to address human rights challenges and foster development, officials and experts emphasized at the first China-Latin America and Caribbean States Roundtable on Human Rights held in Rio de Janeiro on Tuesday. The event, organized by the China Society for Human Rights Studies...

In a surprising reversal of an earlier ruling, a Swedish court has sentenced Birgitte Bonnesen, the former CEO of Swedbank, to 15 months in prison for issuing misleading statements that led to significant financial losses. This follows her initial acquittal by the Stockholm District Court in January 2023. The case...

A growing number of enterprise CIOs are rethinking their cloud strategies, with a significant shift towards bringing workloads back from the public cloud to private cloud infrastructure. According to a recent Barclays survey, 83% of leaders in the first half of 2024 reported plans to move workloads on-premises, up sharply...

Despite global uncertainties, top executives in the Philippines are expressing renewed confidence in the country’s economic resilience and growth prospects, according to a 2024 survey conducted by PwC Philippines in partnership with the Management Association of the Philippines (MAP). The annual survey, which included responses from 168 CEOs across various...

Wealthy buyers are increasingly choosing Miami as their destination of choice, fueling a surge in demand for ultra-luxury homes priced over $10 million. Miami-Dade County saw 102 residential transactions over this price point in the first half of 2024, a 32% increase from the same period in 2023, according to...

Sustainability and environmental issues are taking a back seat for many chief executives, even as consumer concerns about climate change continue to grow, according to a recent report by Bain & Co. Released on Monday, the report highlighted that CEOs are now prioritizing artificial intelligence, business growth, inflation, and geopolitical...

Generative AI (Gen AI) is quickly becoming a major focus for businesses in the Asia-Pacific (APAC) region, with 83% of C-suite executives ranking it among their top three priorities. However, while enthusiasm is high, only 54% of these leaders report having a clearly defined Gen AI strategy in place, and...

OPEC+ member countries, including Russia and Saudi Arabia, have agreed to delay the recovery of oil production and extend their voluntary production cuts of 2.2 million barrels per day until December 2024. This decision marks a continued effort by the alliance to manage global oil supply amid fluctuating market conditions....

Chinese President Xi Jinping announced that China will grant zero-tariff treatment to all least developed countries that have diplomatic relations with China, including 33 African nations. The announcement was made during a keynote speech at the opening ceremony of the 2024 Summit of the Forum on China-Africa Cooperation (FOCAC) in...