Imprisoned former Pakistani Prime Minister Imran Kahn disqualified from his candidacy for Oxford chancellorship
Jailed former Pakistani Prime Minister Imran Khan has been disqualified from becoming the next Chancellor of Oxford University.
Former chief of IRS - Criminal Investigations: Ex-U.S. government agent 'without a doubt, is being held captive in a Nigerian prison'
Former IRS Criminal Investigation Chief Richard Weber has expressed his belief in the innocence of his former colleague, Tigran Gambaryan. He claims that the Nigerian government is using Gambaryan to "get something" from his current employer, Binance. Weber shared these views during a podcast on October 3.
World Bank reports progress on poverty reduction efforts in Tonga
The World Bank has released the Tonga Poverty and Equity Assessment, a report that examines poverty and inequality trends in Tonga from 2015 to 2021. The assessment, based on Household Income and Expenditure Surveys, provides insights into monetary poverty changes and offers future recommendations.
Economics
BusinessEurope outlines priorities for EU social policy through 2029
BusinessEurope has released its priorities for the European Union's social policy over the next five years. The document was presented to European Commission President Ursula Von der Leyen, Executive Vice-President Valdis Dombrovskis, and European Commissioner for Jobs and Social Rights Nicolas Schmit during a meeting with the European Social Partners.
BusinessEurope discusses challenges facing Europe's SMEs at Berlin roadshow
BusinessEurope held its fourth SME Roadshow event in Berlin, Germany, in collaboration with the Confederation of German Employers’ Associations (BDA) and supported by the Federation of German Industries (BDI). The event featured speeches from Roberta Metsola, European Parliament President, and Michael Kellner, German Parliamentary State Secretary and Commissioner for SMEs.
Managing Partner at Oriza FOFs: 'We believe that China's capital market is returning to the essence of value investment'
Qing Xu, Managing Partner at Oriza FOFs, said that emerging investment opportunities are present within China's evolving economic landscape. Despite global uncertainties, Xu emphasized the country's resilience and highlighted sectors like AI, healthcare, and sustainable development as key areas for future growth.
U.S trade deficit narrows as exports rise and imports fall
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis have reported a decrease in the U.S. goods and services deficit for August 2024. The deficit stood at $70.4 billion, down from $78.9 billion in July.
U.S. Bureau reports rise in personal consumption expenditures across all states
Personal consumption expenditures (PCE) saw an increase across all 50 states and the District of Columbia in 2023, as reported by the U.S. Bureau of Economic Analysis. The changes varied, with Florida experiencing the highest increase at 8.1 percent, while Iowa had the lowest at 4.7 percent. On a national scale, current-dollar PCE rose by 6.4 percent in 2023 following a 9.8 percent rise in 2022.
Real Estate
Berkshire Hathaway disclosed this week that it had reached a settlement in a lawsuit with Pilot Corporation, thereby cancelling the trial that was scheduled to commence on Monday in Delaware.
American Strategic Investment Company announces changes in the board of directors
Abby Wenzel has stepped down from her position on the board of directors at the American Strategic Investment Company (ASIC), a role she held for nine years.
Ansari: 'Only about one in every 10 Chinese buyers is purchasing purely as an investment, which is a big change from the mid-2010s'
Investments made on the U.S housing market by global real estate buyers have declined as a result of rising home and mortgage prices, and the lack of available home options.
Technology
Dentsu CEO: We're no longer only an advertising company
The leader of Japan's largest marketing agency says the company will grow by consulting clients on business transformation and technology, not just traditional advertisting and public relations.
Binance announces speaker lineup for Blockchain Dubai 2024
Binance announced the initial speaker lineup for Binance Blockchain Dubai 2024, featuring prominent figures from Circle, Nansen, Dubai Future Foundation, and Wamda Capital. Additional speakers are expected to be revealed soon.
Deloitte announces AI’s impact on private equity valuations
Deloitte announced that AI is expected to significantly enhance the portfolio valuation process. This technology is anticipated to increase the frequency and efficiency of portfolio valuations.
Binance announces investment in decentralized AI platform Sahara AI
Binance announced its investment in Sahara AI, a decentralized blockchain platform, to promote an open and equitable AI economy. Sahara AI aims to ensure AI security, equity, and accessibility by prioritizing sovereignty and provenance in its collaborative approach.
Trade
The Director-General of the World Trade Organization, Ngozi Okonjo-Iweala, has urged members to remain constructive in their negotiations to achieve meaningful outcomes. In a recent address, she highlighted ongoing discussions on several key issues.
The alignment of carbon measurement standards is crucial for the future of global trade, according to DDG Paugam. Speaking at a recent event, Paugam emphasized the importance of this topic in the context of globalization and the world trading system. He noted that approximately 30% of steel products are traded internationally, highlighting the resilience of global trade despite major economic crises like the 2008 financial crisis and the 2020 pandemic.
The World Trade Organization (WTO) has opened registration for the second public hearing in the dispute between the United States and Argentina regarding tubular goods. The hearing is scheduled to begin at 9:00 AM Geneva time on November 19, 2024, and may continue until 5:00 PM. It will resume at the same time on November 20.