Special Reports

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...

British International Investment (BII), the UK’s development finance institution and impact investor, has unveiled a new initiative under its recently launched $127 million Mobilisation Facility. The program aims to enhance the flow of private capital into emerging economies that are often considered too high-risk for global investors. Emerging markets, which...

Global efforts to decarbonize heavy industries such as steel, cement, and chemicals are gaining momentum, with approximately $1 trillion worth of projects currently under development. These industries collectively account for over 30% of global greenhouse gas emissions, emphasizing the urgency of addressing their environmental impact. The challenge lies in securing...

The United States has imposed sanctions on Kapila Chandrasena, the former CEO of SriLankan Airlines, as part of a broader anti-corruption initiative. Chandrasena, who led the airline from 2011 to 2015, was among 14 individuals designated for sanctions on December 9, 2024, coinciding with International Anti-Corruption Day. According to a...

Croatia has achieved significant progress in implementing the European "Once-Only Technical System" (OOTS), a project designed to streamline administrative processes and enhance interoperability among public institutions across the European Union. As one of the top-performing nations, Croatia has reached level 5 on the OOTS integration success scale, a distinction shared...

Real-time payments are predicted to generate over $15 billion in additional GDP growth for Nigeria and South Africa by 2028, according to the Real-Time Payments: Economic Impact and Financial Inclusion report published by ACI Worldwide. This report, produced in collaboration with The Centre for Economics and Business Research, draws on...

An analysis by PwC found that over half of the Fortune 500 companies listed in 2003—52%, to be precise—are no longer on the list today. Some of these organizations declared bankruptcy, others were acquired, and some ceased operations entirely. This stark reality underscores the tangible risk of corporate decline. The...

A fast-spreading wildfire, fueled by powerful Santa Ana winds, is ravaging one of Southern California's most affluent neighborhoods. As of Tuesday evening, the Franklin Fire had scorched 3,049 acres, prompting widespread closures and evacuations. Schools in Malibu have been shut down, portions of the Pacific Coast Highway closed, and Pepperdine...

International Monetary Fund (IMF) economists emphasized that Asian economies are well-positioned to weather ongoing turbulence, despite facing internal challenges and potential external pressures, including the return of President-elect Donald Trump to the White House. IMF Asia-Pacific division chief Alasdair Scott noted the region’s resilience and significant growth potential, even as...