economy

Building a sustainable economy –

The year 2018 will require operators and contractors to continue to focus on becoming more efficient, more agile, more productive in all their key business activities, says PDO Managing Director, Raoul Restucci What is PDO’s outlook for 2018? Notwithstanding the recent oil price increases, Oman is projecting sustained fiscal and current account deficits and PDO will need to perform as proficiently as ever , further stepping up efforts to realise increased revenue generation. In the near-term, you can expect PDO…

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NZ dollar gains in thin trading as investors remain upbeat about local economy

The New Zealand dollar edged up against the greenback in thin holiday trading as investors remain cheered about the domestic economy. The kiwi increased to 70.46 US cents as at 5pm in Wellington from 70.32 cents as at 8.30am and 70.20 cents yesterday. The currency has held above 70 US cents after getting a solid lift when historic revisions to gross domestic product data last week showed the economy had fared better than previously thought. Figures today showed consumers remain…

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Economy held back by Zombie companies · Business Report

Posted On: 19th July 2012 A recent Ernst & Young (E&Y) report has said that the UK recovery is being held back by the so called “zombie” companies which should be allowed to fail. E&Y have reported that businesses are being kept afloat to the detriment of the broader economy. These companies are clinging on despite the recession making markets and the economy inefficient. “The expected jump in the number of companies falling into administration has not materialised” according to…

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Gig workers and SMEs drive UK’s economy | News

According to new research Businesses across the country are going from strength to strength with ‘gig workers’ and small businesses growing rapidly over the past ten years. Companies with zero employees have seen strong uplift with this sector now accounting for four-million of the UK workforce, with London seeing a 45 per cent increase in this sector since 2010 alone. The likes of Uber drivers and Deliveroo cyclists have become the face of the ‘gig economy’, according to figures analysed…

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Islamic finance will improve economy — Dr Yusuf :: Bestnaira.com

  Thu Nov 23rd, 2017 – Lagos   •As IIFP inducts 118 professional members By Haroon BalogunThe Acting President, Institute of Islamic Finance Professional of Nigeria, Dr. Tajudeen Yusuf has charged Muslims to practice and patronize existing Islamic finance institutions to improve their economic well-being and the society at large. Yusuf made this call during a stakeholders’ forum and induction of new members held in Lagos recently. No fewer than 118 members including the Honourable Commissioner for Home Affairs, Dr…

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ML-Implode News – How Corporate Zombies Are Threatening The Eurozone Economy

“The Bank for International Settlements, the Basel-based central bank for central banks, defines a zombie as any firm which is at least 10 years old, publicly traded and has interest expenses that exceed the company’s earnings before interest and taxes. Other organizations use different criteria. About 10% of the companies in six eurozone countries, including France, Germany, Italy and Spain are zombies, according to the central bank’s latest data. The percentage is up sharply from 5.5% in 2007. In…

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John Redwood talks about plan A and the economy · Business Report

Posted On: 19th September 2012 I liked Plan A for the UK economy. I thought it would have worked. The Coalition government came together to get rid of the structural deficit over a 5 year period. They planned to do it mainly by cutting public spending. Extra borrowing, running at the whopping total of  an additional £155 billion in the last Labour year, would come down to a modest  additional £37 billion in 2014-15. If, however, you looked at a…

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Eurozone economy to grow fastest in 2017 in decade

The European Commission forecast that the eurozone economy would grow at its fastest pace in a decade this year, with real gross domestic product growth predicted to be 2.2 percent. The autumn forecast is substantially higher than the previous one of 1.7 percent in the spring, but the growth rate will slow slightly in 2018 to 2.1 percent and 1.9 percent in 2019, Xinhua reported. “After five years of moderate recovery, European growth has now accelerated,” said Pierre…

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The Key to a Better Gig Economy

Bitcoin emerged as the world’s first decentralized cryptocurrency back in 2009. By internet standards, this concept has largely stood the test of time. It is more popular—and valuable—than ever before. Cryptocurrencies have had many valuation ups and downs over the years. Nonetheless, they have had a positive effect on the lives of people all over the world. In particular, self-employed online freelancers have benefited.     The Growing Gig Economy The online labor market for jobseekers has grown exponentially over…

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