A “mega-strike” by two major transport unions in Germany is causing major disruptions across the country’s airports, public transport, and its largest port. Long-distance rail services and early morning regional and commuter rail services have been suspended across Germany. More than 400,000 transport workers are participating in the strike, demanding a 10.5% pay raise due…
Bancassurance major growth driver for Cambodian insurance – regulator Bancassurance is playing a key role in driving the growth of the Cambodian insurance market as it accounted for 40% of total sales in 2022, according to Insurance Regulation of Cambodia (IRC) director general Bou Chanphirou. The sector’s gross insurance premium reached more than $330…
IMF Managing Director Kristalina Georgieva delivered a speech at the China Development Forum in Beijing, calling for greater vigilance over the global financial system. She highlighted the increased risks to financial stability, citing the recent banking crisis, and the need for continued collaboration among major central banks to ease market stress. While acknowledging the uncertainty…
The relationship between Ambrey International, a global maritime security firm, and its Nigerian partners may be on the brink of collapse, with mounting allegations of breach of trust and unpaid debts. Ambrey International is known for providing maritime security to international shipping companies across West Africa and has a presence in several West African countries….
The recent banking meltdown and collapse of Silicon Valley Bank have led to investors seeking more stable alternatives, and money market funds have seen an influx of cash as a result. These funds invest in short-term securities like government bonds and commercial debt, and aim to provide investors with a stable investment option that offers…
Providus Bank recently celebrated World Poetry Day 2023 with Wole Soyinka, with the theme of “Restating Humanity with The Woman.” The event focused on valuing, protecting, and liberating women in global societies. It also remembered students Leah Sharibu and Deborah, who were victims of violence, through a performative poetry segment. The event aimed to highlight…
With Japan preparing to welcome foreign visitors for the cherry blossom season for the first time in three years after loosening COVID-19 border controls, excitement is in the air for the travel industry. Operators of popular tourist spots are rushing to ride the cherry blossom wave, adorning everything from restaurants, vehicles and digital art with…
Japan became the third-largest aid provider in 2021 among members of the Organization for Economic Cooperation and Development, as the COVID-19 pandemic continued to hit developing nations, government data showed Tuesday. The annual white paper on development cooperation issued by the Foreign Ministry said Japan’s official assistance in 2021, calculated by international standards under the…
The Metropolitan Law Firm has launched an endowment fund under the Islamic Banking guidelines to cater to the education of indigent Nigerians for basic to tertiary institutions. The fund, called Waqf, is an instrument of Islamic Estate Planning largely designed for charitable and philanthropic activities to solve social problems. Managing Partner, The Metropolitan…
President Joe Biden on Monday told Americans the nation’s financial systems were safe, seeking to project calm following the quick and shocking fall of two banks that prompted fears of a broader disaster “Your deposits will be there when you need them,” he said. U.S. regulators closed the Silicon Valley Bank on Friday after it…
