Financing
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...
Financing
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...
Financing
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...
Financing
Hong Kong Sets A $3.8 Billion Fund To Entice Global Firms
Hong Kong has proposed a HK$30 billion ($3.8 billion) co-investment fund to entice foreign companies back to the city following a brain drain brought on by rigorous lockdowns and a volatile political environment.
John Lee, the chief executive of Hong...
Financing
UK Markets Must Go Beyond A Policy U-Turn To Rebuild Trust
After three trying weeks, British Prime Minister Liz Truss and incoming Finance Minister Jeremy Hunt will need to do much more than reverse their position on corporation tax. The government's announcement of its medium-term budget plan on October 31...
Financing
Global Dealmaking Shrinks As Finance Sector Bottoms Out
Global M&A decreased for the third straight quarter as lenders withdrew from large acquisitions due to rising interest rates, and the strong currency failed to entice American businesses to acquire overseas targets despite ongoing geopolitical tensions.
The slowdown in worldwide...
Financing
$90 Million From CDC To Combat The Communicable Diseases
Five state public health departments will receive $90 million from the Centers for Disease Control and Prevention over the next five years to develop a network of pathogen genomics centres of excellence.
In order to analyse the gaps, needs, and...
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