Special Reports

The World Bank's latest Global Economic Prospects report forecasts that the global economy will stabilize in 2024 for the first time in three years, though growth remains weak compared to recent historical standards. Global growth is expected to hold steady at 2.6% in 2024, increasing slightly to an average of...

By 2025, reaching the top 2% of wealth in the United States will require a net worth of around $2.7 million, signifying an elite economic status. In contrast, a recent Schwab Modern Wealth Survey indicated that Americans generally consider $2.2 million as the threshold for feeling wealthy. Net worth, a...

Mumbai, India's financial hub, leads the nation's wealth rankings with a staggering total wealth of $820 billion, housing 46,000 millionaires and 28 billionaires, according to a report by New World Wealth. High Net Worth Individuals (HNWIs), defined as those with net assets of $1 million or more, are concentrated in...

A recent study reveals that reskilling staff can save financial services firms up to $65,804 per employee. Research conducted by the Financial Services Skills Commission (FSSC) and PwC UK indicates that reskilling offers significant cost advantages compared to hiring new employees or making roles redundant. On average, reskilling a financial...

A new study from financial consultancy the lang cat has revealed that only 9% of people in the UK currently pay for financial advice, down from 11% in 2023. This decline has led the lang cat to question the effectiveness of the Financial Conduct Authority's (FCA) Consumer Duty regulation, which...

Recent findings from the National Council of Applied Economic Research (NCAER) indicate a significant reduction in poverty levels in India over the past decade. According to a research paper titled "Rethinking Social Safety Nets in a Changing Society," authored by Sonalde Desai, poverty has decreased from 21.2% in 2011-12 to...

Across the globe, 91 countries and territories have implemented full or partial bans on plastic bags. Africa has been particularly proactive in this area, while Europe predominantly opts for charging fees or taxes to curb plastic bag usage. However, the trend in Europe is shifting towards bans, especially for smaller...

Despite mounting concerns about rising prices, the United States has maintained its position as the world’s largest economy, with an impressive GDP of $28.78 trillion. China closely follows with a substantial GDP of $18.54 trillion. Meanwhile, Germany solidified its position as Europe’s economic leader with a GDP of $4.59 trillion,...

CEOWORLD magazine has ranked the world’s safest nations, and in 2024, Andorra, situated in the Pyrenees mountains between Spain and France, was named the world’s safest country. Despite being one of Europe’s smallest and least-populated countries, with only around 82,000 residents, it attracts over 3.5 million overseas visitors yearly, making...

Singapore ranks as one of the top three most optimistic markets, according to the June 2024 Ipsos What Worries the World global survey, with 79% optimism. Second is Indonesia, with 70% optimism, and India is closely behind at 69%. In contrast, the survey indicates a widespread sense of pessimism among...