Special Reports

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...

Romania continues to rank as one of Europe's most affordable countries for new housing, securing the third spot after Bosnia and Herzegovina and Greece, according to the latest Deloitte Property Index. The Deloitte Property Index, now in its 13th edition, offers an in-depth analysis of the residential real estate market...

Environmental advocates are intensifying their efforts to spotlight the climate emergency, often underscoring the significant role of the world's affluent individuals in worsening the planet's condition. Recently, they directed their attention towards Leo Messi's Ibiza villa, which was defaced with graffiti. Activists consistently criticize the richest people globally, such as...

Entrepreneurs involved in casino ventures have secured prominent positions in the list of the wealthiest individuals in the Philippines. According to a Thursday press release, Enrique Razon Jr., a notable figure in the ports and casino sectors, has climbed to the second spot for the first time. Despite a $1.4...

A recent study commissioned by the European Union and United Nations reveals that several Georgian economic sectors are well-positioned to expand exports to Europe. The report, titled “Georgia’s Economy Sectors with High Growth and Export Potential,” suggests a strong desire among Georgian businesses to engage with European markets, despite concerns...

China's economy is experiencing a notable slowdown, prompting the Chinese government to set an ambitious economic growth target of 5.0% for 2024. This target, deemed ambitious by many analysts, may require additional stimulus measures to achieve. Following the disappointing second-quarter figures, Goldman Sachs revised its forecast for China's 2024 growth...

The ASEAN region is projected to advance from the world's fifth to fourth-largest economy by 2030, with its GDP expected to rise by 51% to $3.8 trillion in 2023 from $2.5 trillion in 2015. This optimistic outlook was shared by ASEAN Economic Community (AEC) Deputy Secretary-General Satvinder Singh during the...

Costa Rica has officially recognized Vietnam’s market economy status, becoming the 73rd country to do so, shortly after the United States declined to grant similar recognition. Several major economies, including Australia, Canada, the UK, Japan, South Korea, and New Zealand, have already classified Vietnam as a market economy. In contrast,...

Johannesburg, the wealthiest city in Africa with a significant concentration of businesses and approximately 12,300 millionaires, is grappling with a severe infrastructure crisis. The city urgently needs $12 billion to tackle a backlog of maintenance and necessary upgrades for its deteriorating road, power, and water systems. Documents reveal urgent discussions...

Monday saw significant drops in US stock markets following declines in Europe and Asia, fueled by growing concerns about a potential slowdown in the American economy. The technology-heavy Nasdaq index opened with a 6.3% loss after a sharp decline late last week but managed to recover some of its losses...