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The Digital Intelligence Index (DII) put together by specialist Emerging and Frontier market investment fund Sturgeon Capital provides insights into the potential for fintech investments in emerging and developing markets.
European electricity consumers will save some €100bn on their energy bills, due to the rapid expansion of renewable energy sources caused by the Russian induced energy crisis the International Energy Agency said in a report.
Rising prices haven’t dented the demand for new builds in Skopje as inflation-wary Macedonians turn from banks to property.
Benchmarks are painfully high as SOFR remains above the 5%-level, compared to the 0.05% seen in October 2021, while 12-month Euribor is testing the 4%-level, compared to the minus 0.5% recorded in October 2021.
Russia’s banking sector recorded a net profit of RUB224bn in April, with an annual return on equity of 21%. While this figure represents a one-third decrease compared to March, the sector profits already top RUB1 trillion.
For the first time in six months, companies expanded staffing levels.
Croatian investment group is already preparing a major investment cycle focused on developing renewable energy.
The government slapped a 13% tax on savings and set minimum levels for investment funds' holdings of government bonds. Banks can also cut windfall tax if they increase purchases of local government bonds.
The seasonally adjusted S&P Global Russia Manufacturing Purchasing Managers’ Index posted 53.5 points in May, above the 50.0 no-change mark indicating expansion, signalling a “solid upturn in operating conditions at Russian manufacturing firms.
De Ruyter has laid out a case for decarbonisation to allay South Africa's deepening energy crisis, which he says would restore investor confidence and create jobs amid staggering unemployment levels.
South Korea has entered into a joint venture with Poland to produce arms and ammo that will initially be used to supply Ukraine, but will later contribute to Warsaw’s ambitions to create the largest conventional force in Europe.
It has been well over a year since the Warsaw Stock Exchange last saw an IPO.
Budget is based on optimistic forecast of 4% economic growth next year and includes halving of windfall taxes on banks, pharmaceutical companies and energy suppliers.
Investors may be encouraged that start could be made on fixing Turkey’s collapsing economy if former finance minister returns to the cabinet. The lira, meanwhile, is back on the slide.
Plenty of hype, little action.
Investment in clean energy technologies is significantly outpacing spending on fossil fuels as affordability and security concerns triggered by the global energy crisis strengthen the momentum behind more sustainable options, according to the IEA.
The court found that a unit of the bank had acted in bad faith and failed to safeguard Ivanishvili's assets, resulting in substantial losses.
Flashing red lights on lira, sky-high inflation, dwindling FX reserves and soaring cost of insuring debt against default. A currency crisis could be around the corner.