Georgia’s gross domestic product grew by 8.3% year-on-year in the fourth quarter of 2024 from an 11% expansion in the previous three-month period. This marked the slowest economic growth since the fourth quarter of 2023, primarily due to a slowdown...
Banks have set plans to do so, says S&P. Singapore banks are likely to cut back on their capital buffers and have already set in motion short to medium-term plans to manage this, said S&P Global Ratings. Singapore banks have implemented...
Rising costs, revenue competition to drive search for added scale. Amid rising costs and competition, the European wealth management sector is ripe for further consolidation, says Fitch Ratings. In a report published Thursday, the rating agency said firms in the wealth...
Czech FinTech company Flowpay reportedly raised €30 million in debt financing to grow its embedded lending solution that enables small and medium-sized businesses (SMBs) to access financing through platforms they use every day. The company aims to expand beyond the...
Deal value for crypto, blockchain, and digital assets hit just shy of $1b in 2024. A fintech revival may be on the horizon with digital assets generating fresh excitement from investors, according to a report by Deloitte. Median check-size for both...
Copenhagen Infrastructure Partners has raised over €12 billion for its latest green power fund, making it one of the largest ever investment vehicles dedicated to renewable energy. The flagship fund — CIP’s fifth and biggest to date — will invest...
Global trade reached a record high of $33 trillion in 2024, marking a 3.7 percent increase from the previous year, driven by an uptick in the services sector. According to the latest Global Trade Update from the UN Conference on...
Qatar has retained its AA credit rating from Fitch Ratings, with a stable outlook, supported by the country’s expanding liquefied natural gas production capacity and high per capita income. The US-based agency highlighted Qatar’s strong fiscal position, citing one of...
GDP forecasts for U.S., world drop, inflation to rise, thanks to trade war. The outlook for global growth is dimming thanks to the trade war launched by the U.S., which will weigh on its economy, and the rest of the...
The U.S.-European tariff conflict is jeopardising transatlantic business worth $9.5 trillion annually, the American Chamber of Commerce to the EU warned on Monday. AmCham EU, whose more than 160 members include Apple, ExxonMobil and Visa, showed in its annual Transatlantic...
