Business

Quick Summary: Indias Viksit Bharat Ambition Faces 8% GDP Growth Challenge In one recent Business Standard-linked discussion, economist Rohit Lamba warned that growth “won’t be sustainable if it is K-shaped,” and argued that education and health are central to any serious 2047 roadmap. Its editorial line has argued that reaching developed-country...

Quick Summary: 30 - Year Mortgage Rate Falls to 6.67% as Inflation Pressures Ease Freddie Mac reported a decline in the 30-year fixed mortgage rate to 6.67% — this marks the lowest level in nearly four weeks. The 15-year fixed mortgage rate fell to 5.96% — refinance borrowers see relief after...

Quick Summary: Johor Faces Grid Challenges as Data Center Demand Surges Regulators are shifting towards 'conditional access' and 'capacity controls' — developers are now responsible for reliability and decarbonization. 9 GW of data-center capacity is in development — green industrial parks and electric vehicles could add over 100 terawatt-hours of demand...

Quick Summary: Dollar Strengthens in Baghdad as Exchange Rate Hits 151,000 Dinars In Baghdad, the dollar selling price reached 151,000 dinars per $100, with a buying price of 150,000 dinars, showing a 1,000 dinar spread. The exchange rate in Baghdad rose from 150,250 to 150,400 dinars per $100 within the same...

Quick Summary: Moodys Upgrades Dangote Sugar as Rights Issue Eases Debt Pressure Dangote Sugar completed a N486 billion rights issue, prompting Moody’s to upgrade its credit rating to B3 from Caa1. The rights issue began on May 27, 2026, and closed on June 24, 2026, offering shares at N60.00 each. Moody’s upgrade...

Quick Summary: Judo Capitals Value Drops By A$660 Million, Worst on ASX 200 Judo Capital slashed FY26 profit guidance due to three borrower exposures — this led to a 40% share-price collapse. The lender's FY26 cost of risk is expected to jump to A$116 million to A$122 million — driven by...

Quick Summary: KH Academy and CMU Train 70 Students in Intensive Finance Course KH Academy and CMU completed their first regional capital-market career program, attracting over 150 applicants. The program selected 70 students from Business, Economics, and Engineering disciplines for a 12-session course. Training included 31 hours of capital markets, investment analysis,...

Quick Summary: HSBC Warns of Risks From Increased Government Refinancing Needs US borrowing costs have reached their highest level in 25 years, driven by rising long-dated Treasury yields. The 30-year U.S. Treasury yield climbed to 5.24%, marking a 19-year high and signaling a structural warning about inflation and energy prices. Investors demand...

Quick Summary: Vietnam Targets AI and Semiconductors to Escape Assembly Trap Vietnam and the U.K. are focusing on technology and logistics as new growth sectors, despite a widening trade imbalance. The U.K.'s trade deficit with Vietnam grew to £6.8 billion, highlighting the challenge in balancing the relationship. Vietnam aims to master AI,...

Quick Summary: Amorim Faces Squad Rebuild as AC Milan Prepares Player Exits Yunus Musah is confirmed to leave AC Milan — his departure marks a significant shift in the team's strategy. Youssouf Fofana is likely to exit due to interest from Everton and Crystal Palace — his potential departure could impact...

Quick Summary: SAB Foundation Names Sarah Mthintso as Executive Director Amid Strategic Shift Sarah Mthintso was appointed executive director of the SAB Foundation on 11 August 2025, marking a pivotal leadership shift. Mthintso brings over 20 years of experience in social impact, transformation, and public policy, enhancing the foundation's strategic direction. The...

Quick Summary: Confusion Arises Over MMCM's CFO Role Amid Conflicting Reports MMCM's CFO role is reportedly held by Pradeep Anand Shetty — yet recent reports mention Prasad S Shetty, causing confusion. Public records show Pradeep Shetty as CFO since October 1, 2014 — no recent changes have been documented. ...

Quick Summary: Puerto Princesa Secures Two World Table Tennis Events for 2026 Puerto Princesa will host two World Table Tennis events in 2026, marking a major step in its sports tourism strategy. The city government has committed funding and support for these events, working with the Philippine Table Tennis Federation and...

Quick Summary: ASA Internationals Loans Surge 25% Amid Strategic Market Shifts ASA International's gross outstanding loans reached USD 583.2 million by March 31, 2026 — a 25% year-on-year increase, indicating renewed growth momentum. Management reduced exposure to India while advancing a digital rollout in Tanzania — a strategic shift towards core...

Quick Summary: Federal Reserve Faces Pressure as July Inflation Hits 3.4% US consumer prices expected to rise 3.4% in July — gasoline price drops are a key factor. Gasoline prices fell earlier in July but rose again in late July — potential for renewed inflation pressure. Core inflation, excluding food and energy,...

Quick Summary: Anticipation Grows for SAPOA's 2026 Event Amid Speaker Uncertainty SAPOA's 2026 Annual Convention is scheduled for 29 September to 1 October 2026 at Sun City. Richard Quest has been linked to SAPOA events, but no new confirmation for 2026 is available. SAPOA's sponsorship materials reveal networking sponsorships...

Quick Summary: Air China Launches COMAC C919s First International Route to Mongolia Air China begins the COMAC C919’s first international service — marking a new phase in China's aviation ambitions. The inaugural route runs from Beijing to Ulaanbaatar — highlighting China’s push to reduce reliance on Western aircraft. The C919 still lacks...

Quick Summary: Ghana's Tourism Revenue Falls Despite 1.3 Million Arrivals in 2025 Ghana's international tourist arrivals surpassed 1.3 million in 2025, marking a 1.4% increase from 2024. Despite the increase in visitors, tourism revenue fell from $4.82 billion in 2024 to $4.34 billion in 2025. The United States, Nigeria,...

Quick Summary: Blizzard Tops Xbox Studios Amid Microsofts Gaming Revenue Decline Blizzard emerged as Xbox's top-performing studio in fiscal 2026, a standout amid Microsoft's broader gaming struggles. Overwatch delivered its strongest quarter since 2022, contributing significantly to Blizzard's success. Despite Microsoft's 5% drop in gaming revenue, Blizzard achieved its third-highest fiscal year...

Quick Summary: Panagariya Predicts Strong Indian Economy With 7% Growth Despite Global Uncertainty Arvind Panagariya claims India can grow at 7% or better despite global turmoil, challenging “alarmist” narratives of a crisis. Panagariya cites average real GDP growth of 7.3% from FY24 to FY26, with inflation at 4.3% and a current...