1. Home
  2. Business

Category: Business

Kenya’s Hustler Fund is a flop. Why president Ruto’s plan to loan money to entrepreneurs hasn’t worked

Kenya’s Hustler Fund is a flop. Why president Ruto’s plan to loan money to entrepreneurs hasn’t worked

It’s two years since Kenyan president William Ruto, in what seemed like a political gamble, rolled out a government-run microcredit scheme popularised as the Hustler Fund. Worth 50 billion shillings (US$409 million) a year over…

Read More
People: New faces on IMF exec board

People: New faces on IMF exec board

Jeroen Clicq has been appointed as executive director at the International Monetary Fund (IMF). He will represent the IMF’s Belgian-Dutch constituency on the organisation’s executive board. In addition to Belgium and the Netherlands, the Belgian-Dutch…

Read More
Oil heads for weekly loss as Chinese demand continues to underperform By Reuters

Oil heads for weekly loss as Chinese demand continues to underperform By Reuters

By Nicole Jao and Gabrielle Ng SINGAPORE (Reuters) -Oil prices fell on Friday on signs demand in China, the world’s biggest crude importer, continues to underperform amid its uneven economic recovery. futures were down 65…

Read More
economic policies that could make a difference

economic policies that could make a difference

Turmoil following presidential and parliamentary elections in Mozambique has been severe. Preliminary official results from the 2024 elections indicated a landslide win by the ruling party, Frelimo. These results are widely contested, with various reports…

Read More
Australian police are trialling AI to analyse body-worn camera footage, despite overseas failures and expert criticism

Australian police are trialling AI to analyse body-worn camera footage, despite overseas failures and expert criticism

Police departments around the world are increasingly using body-worn cameras in an attempt to improve public trust and accountability. But this has created huge amounts of data, about 95% of which is never reviewed or…

Read More
Exclusive-Trump’s transition team aims to kill Biden EV tax credit By Reuters

Exclusive-Trump’s transition team aims to kill Biden EV tax credit By Reuters

By Jarrett Renshaw and Chris Kirkham (Reuters) -President-elect Donald Trump’s transition team is planning to kill the $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, two sources with direct knowledge…

Read More
Republican lawmakers will reshape tax policy in 2025 — a tax expert explains what to expect

Republican lawmakers will reshape tax policy in 2025 — a tax expert explains what to expect

Although coverage of the 2024 election was dominated by the economy, taxes didn’t get much attention in the run-up to the vote. That’s a bit of a surprise, since 2025 will be a major year…

Read More
There is reliable evidence social media harms young people – debates about it are a misdirection

There is reliable evidence social media harms young people – debates about it are a misdirection

The Australian government is developing legislation that will ban children under 16 from social media. There has been a huge public debate about whether there is sufficient direct evidence of harm to introduce this regulation.…

Read More
E-krona adviser on offline trials, legislative changes and rollouts of CBDCs

E-krona adviser on offline trials, legislative changes and rollouts of CBDCs

E-krona adviser on offline trials, legislative changes and rollouts of CBDCs – Central Banking End of drawer navigation content Skip to main content Sveriges Riksbank’s Johan Schmalholz speaks about latest CBDC developments on sidelines of…

Read More
Oil prices ease on stronger greenback, fears of higher output By Reuters

Oil prices ease on stronger greenback, fears of higher output By Reuters

By Trixie Yap (Reuters) -Oil prices slipped in early trade on Thursday, reversing most of the previous session’s gains on a stronger dollar and worries of higher global output amid slow demand growth forecasts. futures…

Read More