Business – Page 26 of 30 – nigerianewsservice.com

Africa Crypto Week in Review: Enhanced Crypto Tax Compliance in South Africa, Stablecoin Adoption in Kenya, and Ethiopia’s Aspiration as a Mining Leader

October 12, 2024October 12, 2024 - by Maya Chowdhury - Leave a Comment

Africa’s cryptocurrency landscape is rapidly evolving, highlighted by South Africa’s new tax compliance requirements from the SARS, an increase in stablecoin usage in Kenya amidst mobile payment integrations, and Ethiopia’s …

IMF Reduces Surcharges for Indebted Nations to Alleviate Financial Burden

October 12, 2024October 12, 2024 - by Aisha Khoury - Leave a Comment

The International Monetary Fund has reduced penalty surcharges levied on several indebted nations, including Argentina, Egypt, Ukraine, and Ecuador. This decision will lower borrowing costs by 36%, translating to annual …

Business / economics

Broker-Dealers: A Catalyst for Wealth Democratization in Guyana

October 12, 2024October 12, 2024 - by Aisha Khoury - Leave a Comment

The article addresses the instrumental role of broker-dealers in Guyana’s capital market amid an economic boom from the oil industry. It emphasizes the necessity of democratizing access to wealth creation …

Business / Companies / economics

Harnessing the Power of Stablecoins: A Solution to Economic Instability in Latin America

October 11, 2024October 11, 2024 - by Liam O'Sullivan - Leave a Comment

Argentina and Venezuela have turned to stablecoins to combat hyperinflation and devaluation of local currencies, with notable impacts on the cryptocurrency market in Latin America. Brazil is witnessing a growth …

Business / economics

Examining Economic Policies: The Impact of the Foxconn Deal and Microsoft Investment in Wisconsin

October 11, 2024October 11, 2024 - by Ravi Patel - Leave a Comment

The article discusses the contrasting trade and economic policies of President Trump and Vice President Harris in Wisconsin, focusing on the legacy of the Foxconn deal and recent Microsoft investments. …

Business / economics

Spike in Venezuelan Migration through the Darien Gap Following Elections

October 11, 2024October 11, 2024 - by Aisha Khoury - Leave a Comment

Migration through the Darien Gap saw a significant rise in September 2024, primarily among Venezuelans, following the country’s controversial elections. Government data noted a 51% increase in crossings from August, …

Business / Climate change / economics

Germany’s Economic Crisis: A Structural Analysis by Vice Chancellor Habeck

October 10, 2024October 10, 2024 - by Ravi Patel - Leave a Comment

Vice Chancellor Robert Habeck has attributed Germany’s economic crisis to unfavorable structural conditions from past governments, citizens’ hesitance to spend, and the impacts of climate change. He highlighted inadequate investment …

Business

Argentina Surpasses Brazil in Cryptocurrency Inflows Amid Economic Challenges

October 10, 2024October 10, 2024 - by Liam O'Sullivan - Leave a Comment

Argentina has overtaken Brazil as the leading Latin American country in cryptocurrency inflows, totaling $91 billion from July 2023 to June 2024. This growth is driven by the need to …

Business / Companies / economics

Significant Global Developments: Brazil, China, Cameroon, and Hungary

October 10, 2024October 10, 2024 - by Maya Chowdhury - Leave a Comment

Recent global developments include the reinstatement of X in Brazil following a five-week ban due to disinformation issues. China’s stock market suffered a significant drop, indicating doubts about the efficacy …

Business / economics

Economic Impacts of Uganda’s Anti-LGBTQ Legislation

October 9, 2024October 9, 2024 - by Victor Santos - Leave a Comment

A recent study indicates that Uganda’s anti-LGBTQ laws have incurred economic losses of up to $1.6 billion since May last year, affecting investment, aid, and tourism. This legislation, which includes …