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Global economy & markets
The move to sell stakes in state-owned companies is aimed at “fiscal consolidation and spurring economic development”, Kenya’s finance ministry said.
Nine out of ten Chinese enterprises see more opportunities than challenges in the EU market in “green” and digital fields, according to a survey.
The European Banking Authority has proposed minimum requirements for the reserve of assets that back stablecoins and other digitised tokens.
A new report comparing other economies says that a high marginal tax rate in the UK acts as a disincentive to productivity.
Research shows that 80% of fund managers are looking to diversify their counterparties to mitigate the effects of banking crises.
COP28 begins in Dubai on 30 November as more scientists warn that the world is not on course to meet the goals of the 2015 Paris agreement.
Driving public sector productivity will become increasingly important, and management accountants have a significant role to play.
Also, a letter from standards-setters to the ISSB addresses areas of concern in global sustainability standard reporting, and IPSASB updates conceptual framework to reflect IASB revisions.
When adjusted for the extreme weather events probability, the estimated loss is $710 billion over a five-year period.
London closed the gap slightly with New York, with Singapore closely in third place, a six-monthly survey found.
The Paris-based organisation projects UK headline inflation to average 7.2% over 2023 and slowing to 2.9% in 2024.
The FRC seeks to update the UK Corporate Governance Code to ensure it aligns with changes to legal and regulatory requirements set out by the UK government.
The US is seeking an injunction barring Google from continuing the alleged anticompetitive practices, rather than a monetary penalty.
As part of the UK-India Economic and Financial Dialogue, India will explore having its companies listing on the London Stock Exchange.
Businesses expect to raise prices by 4.9% and see wage increases of 5% over the coming year, a Bank of England CFO survey found.
US business and industry leaders still have concerns, but optimism is on the rise, according to the quarterly Business and Industry Economic Outlook Survey.
UK-endorsed sustainability disclosure standards, expected in summer 2024, will be based on those from the IFRS.
Two China-based business leaders discuss how a commitment to carbon net zero is allowing finance to lead their companies towards business opportunities.
Employers and employees benefit from a culture where conversations about money are “normalised”.
The 20 countries that make up the euro zone saw a 0.3% increase in exports to the rest of the world and a 17.7% decrease in imports over 12 months.
