A brutal start for stock markets in 2022 only got worse in June. The benchmark index, the S&P 500, ended the first half of the year with a loss of about 21 percent, which was the steepest half-year loss in more than five decades. This put the benchmark index well in bear market territory. This…
Africa is the new frontier of the fourth industrial revolution. Rapidly urbanizing, with an influx of rural migrants moving into cities, the continent is seeing significant challenges but also considerable rewards for countries willing to invest in it. China has heeded Africa’s call like no other nation, investing billions in infrastructure building projects all over…
Africa has some of the fastest-growing economies in the world. The continent is endowed with abundant natural resources, making it a significant supplier of raw materials. Africa is rich in gold, petroleum, tin, diamond, limestone, phosphorus, zinc, bitumen, natural gas, lead, and zinc. Africa’s leading drivers of the economy include natural resources, agriculture, and trade….
Sri Lanka is wilting under the worst economic meltdown in seven decades, mainly caused by plummeting foreign exchange reserves. In particular, the country has run out of dollars to import essential goods like fuel, medicine, and food. The government has been taking measures to mitigate the worsening economic meltdown that has already plunged the country…
When used wisely, a credit card can be a simple and adaptable tool to borrow money and control your spending. However, there isn’t a one-size-fits-all solution. Many different credit card options are available, and selecting the right one for your needs can significantly impact your money and experience. So, where do you begin? Here are…
Although it is challenging to find high-interest savings accounts, you should make the most of your savings. However, some institutions give pathetic rates of just 0.01 per cent. So, go for the best! Your requirements and preferences will determine which savings account is ideal for you. However, an easy-access savings account is the most straightforward…
Are you curious about the leading car insurance companies in the U.K.? Although over a hundred businesses in the U.K. sell auto insurance, the ten biggest auto insurers account for over 85% of the market. Many of the most affordable vehicle insurance providers in the U.K. are well-known brands with mascots or catchy commercial jingles….
The Gross Domestic Product (GDP) is an important metric that indicates the economic health of a country. GDP is the measure of the value of all goods and services produced within a country’s borders within a certain period, usually one year. There are several methods used to calculate a country’s GDP, but the expenditure method…
The U.S. Treasury Series I Savings Bonds are one of the best techniques to assist one guard against inflation. They are 30-year securities with an interest rate changed every six months. The rate is a blend of a set rate decided by the Treasury Secretary and an inflation calculation over six months. The inflation estimate…
It’s been a heck of a ride, partly due to the pandemic-accelerated transition towards so much online banking and shopping. This is a new reality, and it’s one in which fintech will continue to play an outsize role. Right before Covid arrived in the country, the average market capitalization of America’s ten largest fintech companies…