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AfDB President, Prof. Stiglitz Advocate Debt Restructuring Plan For Africa

The African Development Bank (AfDB) President, Dr. Akinwumi Adesina, and Professor Joseph Stiglitz have called for a quick and comprehensive plan for debt restructuring in Africa. Making the call at the launch of the AfDB’s 2021 edition of its annual African Economic Outlook, Adesina urged African governments to consider collectively establishing an African financial stabilization […]

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Taiwan’s Insurance Value To Hit $8.3Bn In 2024 – Research Firm

Leading data and analytics firm, GlobalData, has projected that Taiwan’s general insurance value, in terms of gross written premium, would grow from $6.1 billion in 2019 to $8.3 billion in 2024. The latest projection by the firm was based on its revision of the country’s general insurance forecast following the COVID-19 outbreak. Specifically, GlobalData’s research […]

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UN Panel Seeks Global Support For Financial Integrity

The United Nations High-Level Panel on International Financial Accountability, Transparency and Integrity for Achieving the 2030 Agenda (FACTI Panel) has solicited global support to strengthen financial integrity for sustainable development. The call was among the 14 recommendations made by the UN panel at the launch of its new report titled “Financial Integrity for Sustainable Development”. […]

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U.S Entrepreneurs Oppose Biden’s Tax Hike Plan

President Joe Biden appears to be facing an uphill task in his administration’s efforts to hike tax as part of its fiscal drives to fund multitrillion-dollar infrastructure investments he promised to build in the coming months. The stand-off between the White House and corporate entities is rising as President strikes nearer to clinching congressional approval […]

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Trump Loses Supreme Court Appeal On Tax Returns

The United States Supreme Court declined on Monday President Donald Trump’s appeal to block a New York grand jury from getting his personal and corporate tax returns. The verdict represented the ousted President’s decisive defeat in his prolonged legal battle to keep his tax records out of the hands of investigators. A news report by […]

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Chinese Regulators Summon Tesla Over Electric Car Safety Issues

Chinese automotive industry regulators on Monday summoned Tesla, the world’s leading electric car manufacturer, over quality and safety issues as the company ramps up production of its latest model in its Shanghai factory. China is the second largest Tesla’s market after the US and the electric car company sold 120,000 units the country last year. […]

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Okonjo-Iweala Set To Become WTO’s Director General

After several months of political maneuvering by the ousted U.S President, Donald Trump, to stall Dr. Ngozi Okonjo-Iweala’s ambition of becoming the next Director-General of the World Trade Organisation (WTO), the coast now appears clear for the Nigeria’s ex-finance Minister to get the job. A news report by Bloomberg at the weekend indicated that Okonjo-Iweala’s […]

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Global IPO Value Hits $268bn In 2020, Highest In 10 Yrs

Despite the COVID-19 pandemic’s devastating impact across the broad spectrum of the global economy last year, the initial public offering (IPO) sub-segment of the global equities market recorded a whopping $268.0 billion value from a total of 1,363 IPOs deals, demonstrating the resilience of equity and capital markets. A research data analyzed and published by […]

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ILO Advocates Better Conditions For Homeworkers As COVID-19 Cases Surge

The International Labour organization (ILO) on Wednesday canvassed the need for better working conditions for people working from home, saying that the COVID-19 pandemic has highlighted the poor working conditions experienced by many homeworkers who, prior to the crisis, numbered an estimated 260 million people worldwide In its latest report titled ‘Working from home. From […]