growth

The Anti-Growth Traps: What Prevents Countries from Progressing?

Many middle-income nations are struggling to move from poverty to prosperity, and the World Bank suggests that a stagnant status quo is partly to blame.

Indigenous Businesses are Flourishing Across Diverse Industries: Here's How to Ensure Continued Growth

When people discuss the creativity and resourcefulness of Indigenous communities, they often focus on talented artists, athletes, and respected Elders. However, there is a growing recognition of Indigenous business leaders who are making significant contributions to various sectors.

UK Looks to Establish ‘Closer, More Mature’ Trade Relations with EU

New Business Secretary to Announce UK's Global Re-emergence at G7 Meeting

The United Kingdom is initiating steps to enhance its trade relations with the European Union during discussions between the newly appointed Business Secretary, Jonathan Reynolds, and international peers in Italy.

On his inaugural overseas visit since Labour’s significant electoral victory, Reynolds will address a G7 meeting of trade ministers in Reggio Calabria, Italy, emphasizing the UK's intent to cultivate a “closer, more mature relationship with our friends in the EU.”

Britain to Lose Significant Number of Millionaires by 2028, Report Predicts

According to a report, Britain is anticipated to lose nearly one in six of its U.S. dollar millionaires by 2028. Meanwhile, other countries like the United States and Taiwan are expected to see a rise in their millionaire populations.

The UBS Global Wealth Report for 2024 forecasts a 17% decrease in the number of dollar millionaires in Britain, dropping from 3,061,553 last year to 2,542,464 by 2028. Similarly, the Netherlands is projected to see a 4% decline, reducing its millionaire count from 1,231,625 to 1,179,328.