The G7 finance ministers' meeting is overshadowed by banking crisis concerns.

Against the backdrop of concerns of a bank-led global financial crisis, the Group of Seven finance ministers and central bank governors meeting, which begins on Thursday, is anticipated to concentrate on strengthening the financial system.

Ahead of next week's G7 leaders’ summ...

In FY2023, Japan's businesses will increase base pay by 62 percent.

According to a poll conducted by the Japanese Ministry of Finance, 62.1% of enterprises in Japan have raised or intend to boost base pay in fiscal 2023, up significantly from 38.7% the previous year. The shift is most pronounced outside of the manufacturing sector, where 56.0% of businesses have ...

If governments try to regulate cryptocurrencies without reaching a worldwide consensus, they will fail. FM A. Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman said on Sunday that a worldwide framework may need to be formed, and everyone will have to work together on it, before India takes any action on it, underscoring that global consensus is important for regulation of crypto. However, the Minister emphasized...

Allies such as Germany and Poland are lobbying for tougher penalties against Russia's nuclear energy industry.

After Moscow's invasion of Ukraine, the European Union is looking for new measures to affect the Kremlin's finances, and Germany, Poland, and a few other EU members are lobbying for restrictions on Russian nuclear energy.

As retaliation for Russia's aggression against Ukrain...

These trends that will have an impact on small businesses in 2023 should be watched closely.

The market is always shifting, so it's important for small businesses to be flexible. No time is better than the beginning of a new year to take stock of how your company can better serve its customers and stay ahead of the competition in the coming year. To assist you in this endeavor, we co...

Sam Bankman-Fried, FTX's founder, was recently indicted on several felony counts, including violations of campaign finance laws.

The founder of the cryptocurrency trading platform FTX, Sam Bankman-Fried, has been hit with four new criminal charges, increasing the scope of his potential liability in what federal prosecutors are calling a billion dollar fraud.

On Thursday, a superseding indictment was unsealed, bri...

France's top budget aim for 2023 is reportedly lowering inflation

France's finance minister stressed the importance of fighting inflation on Monday as he presented a 2023 budget that faces "exceptional uncertainty" as a result of Russia's war in Ukraine.

While presenting the 2023 budget plan, French Finance Minister Bruno Le Maire to...

The Asian Development Bank and Singapore Partner Up to Encourage Investment and Innovation Across the Asia-Pacific

Singapore and the Asian Development Bank (ADB) are working alongside each other to stimulate greater investment in the APAC region and to acknowledge the significance of private sector finance. They also aim to achieve inclusive and sustainable development by catalyzing the public sector resource...

Auction Of T-Bonds (Dirham)

On Saturday, the UAE Ministry of Finance announced that a second auction of federal treasury bonds will take place on June 20. AED1.5 billion will be auctioned off in two tranches: AED750 million which means $204 million for two years and AED750 million for three years. At an effort to boost seco...

UAE Announces Tax-free Status

The United Arab Emirates has announced its plans of introducing a 9 percent federal corporate tax on profits made by businesses starting from June 2023.

The government’s announcement is its latest step in dismantling a ley-free regime that has contributed significantly to attracti...

Global Fintech Personal Finance Market to grow at 11.5% during 2021 - 2029

Global Fintech Personal Finance Market is estimated to grow at a CAGR of 11.5% over the forecast period (2021 – 2029).

Extensive information on the following pointers will be covered in the 402+ Pages Research study:

• Global Market size and foreca...

The EU Taxonomy Dealing with Chemical Pollution

The green finance taxonomy of the European Union is about much more than just climate finance. It will provide an opportunity to focus on the health and well-being of the Europeans by phasing out hazardous chemicals that pollute our planet.

One out of every eight deaths in the region is...

Modi chairs meeting on Cryptocurrency, raises concerns about money laundering and terror financing

Prime Minister Narendra Modi conducted a meeting and discussed cryptocurrency, with government sources. It was strongly believed at the meet that cryptocurrency can mislead the youth by over-promising and non-transparent advertising.

Highlights

• Prime M...

Singapore firms to gain financing through Enterprise Financing Scheme

Highlights

• The government of Singapore has launched a new financing scheme
• This scheme will help local businessmen to seize opportunities in the green economy

Enterprise Financing Scheme-Green, is a new scheme by the Government of Si...

Infosys CEO summoned over income tax glitch

Highlights

• The CEO of Infosys summoned by the finance minister
• Chairman of Maruti Suzuki was seen defending the company

The members of the Rashtriya Swayamsevak Sangh launched an attack on tech giant Infosys in their magazine. This was done because o...

JAPAN EXPLORING OPTIONS REGARDING REGULATIONS ON CRYPTOCURRENCY

HIGHLIGHTS

• To oversee ‘decentralized finance’, Japan has set up a new section within the Finance Services Agency (FSA).
• In order to keep vigilance on digital currencies, the Ministry of Financial Affairs is planning to increase its headcou...

JAPAN’S CURRENT ACCOUNT SURPLUS ROSE TO $12 BILLION IN APRIL

Highlights –

• Japan’s current account surplus rose to $12 billion in April.
• April saw a larger rise in exports than in imports in terms of value.
• Imports jumped 11.3 percent to 6.54 trillion yen.
• Primary income, gained...

CHINA’S SEO’S PROFITS ROSE 240%; TRADE SURPLUS AT $34.47 BILLION IN APRIL

Highlights –

• China’s SEO’s profits rose 240%; trade surplus at $34.47 billion in April.
• The profits of centrally administered SOEs rose 160 percent year on year.
• The debt-to-asset ratio of the country's SOEs came in at...

CHINA’S FISCAL REVENUE IN Q1 OF 2021 ROSE 25.5 PERCENT

Highlights –

• China’s fiscal revenue in Q1 of 2021 rose 25.5 percent.
• The Ministry of Finance, the country's fiscal revenue topped 7.8 trillion yuan.
• Tax revenue in the first four months came in at nearly 6.75 trillion yuan.<...

JAPAN’S EXPORTS SAW LARGEST INCREASE BY 38% IN APRIL

Highlights –

• Japan’s exports saw largest increase by 38% in April.
• Exports of goods in April soared to 7.18 trillion yen.
• Imports rose 12.8 percent in April to 6.93 trillion yen.
• Exports to China grew 33.9 percent fro...