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China’s Nov Industrial Profits Narrow Decline but 2024 Likely Worst Year in Decades
Date: December 27, 2024
BEIJING (Reuters) -China’s industrial profits fell at a slower clip in November, official data showed on Friday, but the annual decline in earnings this year is expected to be the worst in over two decades due to persistently soft domestic consumption. The world’s second-largest economy has been struggling to mount a strong post-pandemic revival, as...
Kazakhstan’s and Halyk Bank’s Digital Renaissance: Bridging Tradition and Technology
Date: December 27, 2024
Nariman Mukushev, Member of the Management Board, Deputy CEO, Retail Banking, Soft Collection, Digital Government Services and Ecosystems Kazakhstan is quietly undergoing a profound transformation, positioning itself as an emerging player in the global digital economy, driven in part by the Kazakhstan National Development Plan for 2019-2025 and the “Digital Kazakhstan” State Program. In a...
German Business Associations Pessimistic About 2025, Iw Says
Date: December 27, 2024
BERLIN (Reuters) – German business associations see their current situation as worse than it was a year ago and remain pessimistic about the coming year, according to a survey published by the employer-oriented German Economic Institute IW on Friday. “The German economy won’t get off the ground in 2025 either,” said IW Director Michael Huether....
China’s Nov Industrial Profits Narrow Decline but 2024 Likely Worst Year in Decades
Date: December 27, 2024
BEIJING (Reuters) -China’s industrial profits fell at a slower clip in November, official data showed on Friday, but the annual decline in earnings this year is expected to be the worst in over two decades due to persistently soft domestic consumption. The world’s second-largest economy has been struggling to mount a strong post-pandemic revival, as...
India’s Former PM Manmohan Singh Dies Aged 92
Date: December 27, 2024
NEW DELHI (Reuters) – Manmohan Singh, the former Indian prime minister who governed the South Asian country for two terms and liberalised its economy in an earlier stint as finance minister, has died, local media reported on Thursday. He was 92. Singh, an economist-turned-politician who also served as the governor of the central bank, was...
China Revises up 2023 Gdp, Sees Little Impact on 2024 Growth
Date: December 26, 2024
By Kevin Yao and Ellen Zhang BEIJING (Reuters) – China revised upwards on Thursday the size of its economy by 2.7%, but said the change would have little impact on growth this year, as policymakers pledged more stimulus to spur expansion in 2025. Policy support late this year has set the world’s second-largest economy on...