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EU Bank To Fund $2.5bn For Climate Change Mitigation Efforts

In collaboration with five private equity partners, the European Investment Bank (EIB) is looking to raise €2.5 billion for climate action projects. The funding will come from the European Investment Fund (EIF), which offers financing to small and medium-sized businesses,...

ZikZuk acquires Tax e-filing platform, TaxSpanner.com

SME Neobank, ZikZuk Technologies, announced the acquisition of SPANACROSS IT Solutions, well known as TaxSpanner.com.For ZikZuk which is a neobank, this strategic acquisition will help enhance its overall product offerings and help over 10,000 small businesses become more digitally...

US Healthcare Lobbying Spending Surged 70% Over 20 Years

In the 20 years from 2000 to 2020, even after accounting for inflation, lobbyist spending in the US healthcare industry increased by more than 70%, with a sizeable chunk of that spending focused on pharmaceuticals and healthcare providers, according...

UOB Singapore Will No Longer Finance Oil And Gas Projects

In line with an increasing number of European lenders, Singapore's United Overseas Bank (UOB) will not offer any new project funding for upstream oil and gas projects cleared for development after 2022. This week, UOB announced bold plans to achieve...

The Fed Raises Interest Rates In US To A New 14-Year High

In an effort to slow the rate of rapidly increasing prices, the US central bank has approved yet another steep increase in interest rates. The benchmark interest rate was raised by 0.75 percentage points, according to the Federal Reserve, reaching...

Saudi Arabia Making Sizable Commercial Inroads Globally

Nations all across the world are struggling to achieve sustainable, positive growth in the stormy economic waters of the epidemic recovery, particularly due to geopolitical tensions and an unclear global economic future. GCC nations are, nonetheless, ideally positioned to surf...

UK Business Leaders Seek Economic Stability After Truss

Business executives have expressed their displeasure and shock at the political upheaval in the UK and demanded that whoever succeeds Liz Truss move quickly to restore the crisis-hit economy. After only 45 days in office, the prime minister announced her...

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