Tag: Economy
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Uganda Parliament Approves Shs11 Trillion Loan, Debt Hit Shs127 Trillion
Uganda Approves a New Shs11 Trillion Loan In a rapid series of parliamentary sessions, Uganda’s lawmakers approved a new loan totaling roughly Shs11 trillion, marking a significant increase in the country’s public borrowing. The approval comes just days after a prior tranche pushed the total loan commitments higher, setting the stage for a public debt…
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Nigeria’s Bright Reset: Exiting the FATF Grey List and What It Means for the Economy
Nigeria Leaves the FATF Grey List: A Turning Point for Finance Nigeria’s exit from the FATF grey list marks a significant milestone in the country’s ongoing financial reform journey. The Financial Action Task Force (FATF) announced the delisting on a Friday, a move experts say will restore investor confidence and ease cross-border transactions. The decision…
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South Korea GDP grows at fastest pace in over a year
South Korea posts faster-than-expected third-quarter GDP growth South Korea’s economy expanded at the fastest pace in more than a year in the third quarter, with advance data from the Bank of Korea showing a 1.7% year-on-year rise. That outpaced the 1.5% growth economists expected and beat the prior quarter’s 0.6% expansion, underscoring a robust recovery…
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Singapore Q3 GDP Beats; 2026 Growth Expected to Slow Down
Singapore Q3 GDP Beats Expectations as Growth Slows to a More Moderate Pace Singapore’s economy defied expectations in the third quarter, expanding 2.9% year-on-year, according to the Ministry of Trade and Industry (MTI). The result topped economists’ forecasts of about 1.9% growth and followed a revised 4.5% expansion in the April-June period. On a seasonally…
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Singapore GDP growth 2026: Q3 beat but outlook slows
Singapore’s Q3 GDP beats expectations as growth slows into 2026 Singapore surprised analysts in the latest quarterly release, with the economy growing more than expected in the third quarter. The official data showed GDP rising 2.9% year-on-year for the quarter ended September, topping economists’ projected 1.9% growth and signaling resilience amid a backdrop of cooling…
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Australia News Live: Trump-Israel Gaza Peace Deal, Defence Property Overhaul Looms
Australia News Live: Markets, Politics and Global Peace Talks In a day of rapid developments, Australian markets showed resilience as major banks helped the S&P/ASX 200 recover from morning losses. The index edged higher by mid-afternoon, trading around the 8,970 point mark, while investors weighed interest-rate expectations, commodity prices and the broader global news cycle.…
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Negativity on Corruption Probe Overblown: Marcos Aide Sees Positive Investment Outlook
Corruption Probe as a Catalyst for Long-Term Investment Confidence Frederick Go, Special Assistant to the President for Investment and Economic Affairs (SAPIEA), says the recent flood-control controversy and the accompanying corruption investigations should not be viewed as a setback for foreign investments. Instead, he frames the move as a necessary, long-term effort to strengthen the…
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Philippines Trust in Jeopardy Over Flood-Control Corruption Scandal
Overview: A crisis of trust and its economic stakes The Philippines faces mounting questions about public trust and international credibility following allegations related to flood-control projects and related corruption. A social media wave, sparked by a Filipino television personality, highlighted how perceptions of misused funds and opaque procurement can ripple beyond domestic politics and into…
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Wall Street Rises as AI Rally Lifts Gold past $4,000
Wall Street Returns to Gains as AI-Driven Rally Boosts Indices New York — U.S. stocks edged higher on Wednesday, resuming a light, daytime ascent after a brief pause that followed the government shutdown. The S&P 500 rose 0.4% and was on track to surpass its Monday all‑time high, while the Dow Jones Industrial Average gained…
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Kemi Badenoch’s Conservative Conference Speech: Live Updates and What It Means for the Party
Live Follow: Badenoch Speech Draws Standing Room Only Crowd At this year’s Conservative Party conference, the hall’s atmosphere felt markedly different as Kemi Badenoch took the stage. While some shadow cabinet talks had weathered half-empty rooms, Badenoch’s speech drew a standing-room-only crowd at the back of the hall, a sign that her leadership remains a…