Day: February 26, 2023

Feb 26

Pressure on Kishida to boost economy after nominating new BOJ chief

TOKYO – After naming his choice for the Bank of Japan’s next governor, who is expected to pave the way for an eventual normalization of monetary policy, Prime Minister Fumio Kishida is likely to be urged to take steps to boost the flagging economy to prepare for such a transition. Should the central bank try to taper its purchases of government bonds, long-term interest rates would rise and debt prices fall. That would discourage companies and households from borrowing and Read Full Details…

Feb 26

The Richest Countries In Europe

Financial dominance is rare in isolated kingdoms spread to the corners of the Earth; instead, nations that network together – thrive together. These 15 richest European countries, as demonstrated by their high GDP per capita (PPP), showcase a unique range of interconnected cultures, industries, and lifestyles. To accurately evaluate the regional standing of these countries, two metrics are essential: Purchasing power parity (PPP) and gross domestic product (GDP). PPP is measurable by the price of certain goods in each country, Read Full Details…

Feb 26

Niger is Africa’s fastest growing country – how to feed 25 million more people in 30 years

Niger, a landlocked country in the dry Sahel region of Africa, struggles to feed its 25 million people. It currently ranks 115th out of 121 countries on the Global Hunger Index, and the number of people not getting enough to eat has increased from about 13% of the population in 2014 to 20% in 2022. Things could deteriorate even further as Niger confronts a “perfect storm”. The country has one of the highest population growth rates in the world, with Read Full Details…

Feb 26

Germany’s Scholz committed for Free Trade deal between India, EU

German Chancellor Olaf Scholz said on Saturday that he and India’s Prime Minister Narendra Modi were committed to sealing a free trade deal between India and the European Union (EU). “It’s an important topic and I’ll get personally involved,” Scholz said after his meeting with Modi in New Delhi. The EU and India revived negotiations to forge a free trade agreement last year with the aim of completing talks by the end of 2023. For the EU, a free trade Read Full Details…

Feb 26

DGFT Exempts Cashew EoUs & SEZ Units from Minimum Import Price Requirement, Upsets Industry

Government has amended the raw cashew nut import policy to exempt export-oriented units and processing units operating from Special Economic Zones (SEZ) from the minimum import price (MIP) requirement. In response, the industry stated that the policy change would be detrimental to domestic players because it would allow cheaper imports. In a notification issued on few days ago, the Director-General of Foreign Trade (DGFT) stated that the MIP on cashew kernel brokens and whole nuts will not be applicable for Read Full Details…