By Anjan Roy Nirmala Sitharaman’s budget presented to Parliament on July 23 is a deeply political statement post the polls, containing though sound economic logic as well. As it is by now amply clear to the public, the Union finance minister, has laid out a development budget for Bihar and partly for Andhra Pradesh, while […]High net worth individuals (HNWIs) are increasingly gravitating towards alternative assets. This trend is more than a passing phase; it’s a seismic shift driven by a confluence of factors ranging from market volatility to the pursuit of superior returns. As the global financial environment becomes more complex and uncertain, alternative assets are providing HNWIs with the diversification, resilience, and growth opportunities that traditional investments struggle to match. […]
By K Raveendran Come July 23, Finance Minister Nirmala Sitharaman will be presenting the first-year budget of Prime Minister Modi’s third term. Finding herself at a pivotal juncture, she is tasked with crafting a budget that appeases coalition partners, addresses public discontent, and sustains economic growth, and her role assumes unprecedented complexity as she navigates […]
By Nitya Chakraborty French President Emanuel Macron exposed his true political shade at the first session of the newly elected national assembly on July 18 when he took the help of the right wingers to defeat the nominee of the New Popular Front Andre Chassaigne in the election for the post of the president of […]
PRAGUE, CZECH REPUBLIC – Newsaktuell – 18 July 2024 – The Czech company eM Client releases a new version of the eponymous application for Windows, Mac, Android and iOS. eM Client is a popular tool for managing (not only) emails, which has become the main challenger to Microsoft Outlook for both end users and businesses. Version 10 brings the largest number of new features and improvements in […]
By Dr. Gyan Pathak Approval by Prime Minister Narendra Modi for the revised composition of India’s official think tank, the National Institution for Transforming India (NITI) Aayog, on July 16, 2024, underscores beginning of a significant phase in the country’s future direction. It also underlines his political compulsions of leading a coalition government, as well […]
HONG KONG SAR – Media OutReach Newswire – 7 July 2024 – Everyday objects such as metal chains, handcuffs, and key rings are examples that demonstrate a unique combination of properties where hard, rigid rings are interlocked together to exhibit flexibility and strength as a whole, and as such enabling them to perfect their intended functions. The “180°-turn” of the interlocked macrocycles allows the catenane host to […]
HONG KONG SAR – Media OutReach Newswire – 5 July 2024 – On 28 June, Essence International Securities (“Essence”) published a research report, expressing its bullish stance on Fosun International’s (00656.HK) focus on core businesses in health, consumption, and finance. Essence believed that Fosun’s global business presence helps it to hedge risks and balance revenue streams. With the stabilization of the macroeconomic environment, Fosun’s fundamentals are poised […]
PARIS, FRANCE – Newsaktuell – 4 July 2024 – As many candidates for the French National Assembly scramble to thwart a right-wing election victory, global governance researchers have released a new report detailing how the core issues plaguing France have been decades in the making. What majority in the French parliament will President Macron – seen here talking to supporters after casting his vote in Le Touquet […]
Hongkong Land’s strategic investment of US$400 million (HK$3.1 billion) in LANDMARK reinforces Central, Hong Kong as a world-class destination for luxury retail, lifestyle and business Hongkong Land estimates an additional US$600 million (HK$4.7 billion) capital investment from retail tenants across the LANDMARK retail portfolio Cartier, CHANEL, Dior, Hermès, Louis Vuitton, Prada, Saint Laurent, Sotheby’s, Tiffany & Co., and Van Cleef & Arpels have committed to create world-class […]
The Gulf region’s luxury market is poised for a significant surge, driven by robust economic growth and a surge in consumer confidence, according to a new report by luxury goods retailer and distributor Chalhoub Group. The report highlights the Gulf’s luxury sector as a standout performer, outpacing global growth by a factor of two and reaching a value of $12. 5 billion in 2023. This positive outlook […]
A recent survey by the World Gold Council (WGC) indicates a significant rise in central bank appetite for gold. The survey, conducted earlier this year among 70 central banks, revealed that nearly 81% of respondents anticipate an increase in global gold holdings by central banks over the next year. This marks the highest level of optimism for the precious metal since the WGC began conducting this survey […]
By Saifur Rahman Bangladesh’s economy faces multiple challenges, said the International Monetary Fund in its latest report. Bangladesh’s economy is suffering from liquidity shortage and high inflationary pressure as its currency lost value by 38.23 percent from BTk85 per US dollar in March 2022 to BTk117.5 per dollar in June 2024. “Stubbornly high international commodity prices and continued global financial tightening have amplified macroeconomic vulnerabilities. Although the […]
HONG KONG SAR – Media OutReach Newswire – 24 June 2024 – Hong Kong Science Park Corporation (HKSTP) congratulates BioMap, a Park company, on its strategic partnership with the Hong Kong Investment Corporation Limited (HKIC) to jointly propel innovation across multiple sectors including biopharmaceuticals, green technology, and new industrialisation, further cementing Hong Kong’s position as an international hub for innovation and technology. Clara Chan, CEO of HKIC […]
HONG KONG SAR – Media OutReach Newswire – 20 June 2024 – Today, KGI Asia has released its 2024 Mid-Year Global Market Outlook, which covers regions including Mainland China, Hong Kong, Taiwan, the US, Singapore, and Indonesia. (From left to right) Kenny Wen, Head of Investment Strategy at KGI Asia, and James Chu, Chairman at KGI Investment Advisory While the world is fighting against inflation, the economic […]
Over 70% of SMEs Expect Business Growth of At Least 4% Close to 60% Eye Development in Greater Bay Area HONG KONG SAR – Media OutReach Newswire – 19 June 2024 – Dah Sing Bank, Limited (“Dah Sing Bank” or “the Bank”) said today that according to the findings of its “2024 Survey on Business Opportunities for SMEs” (the “Survey”), Hong Kong’s small and medium enterprises (“SMEs”) […]
PM Narendra Modi has left for Delhi after attending the G7 Summit in Italy, where he held a series of key bilateral meetings with world leaders. The Prime Minister held bilateral meetings with Ukrainian President Volodymyr Zelensky, French President Emmanuel Macron, UK Prime Minister Rishi Sunak and Pope Francis. He also met Italian Prime Minister Giorgia […]
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HONG KONG SAR – Media OutReach Newswire – 12 June 2024 – Wealth Management Expo 2024, an annual event presented by the Bank of China (Hong Kong) (“BOCHK”) and organized by Metro Finance FM104, was successfully held on 8 June at the Four Seasons Hotel Hong Kong in Central. Honoured by the presence of several prominent figures from the political and business sectors to officiate at the […]
