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Switzerland leapfrogs Norway to 2016 Resilience Index top spot

Norway was pushed to second place in 2016's Resilience Index by Switzerland, reflecting a tendency for supply chain disruption among countries with high exposure to oil prices.

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TSCA reform bill ‘beneficial to foreign investors and manufacturers’

Reforms to the US Toxic Substances Control Act, which have passed through the Senate, will give regulatory clarity and create a stable environment for foreign investors, say proponents.

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Egypt and Saudi Arabia agree SR60bn joint investment fund

Egypt has strengthened its ties to Saudia Arabia with the agreement of a joint investment fund.

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Latvia becomes newest member of OECD

Latvia ends three years of talks to become the OECD’s 35th member and increase its links with the West.

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Standard Chartered opens online banking platform in Africa

Standard Chartered Bank’s new mobile and online offering aims to service 1 million users across Africa.

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IMF warns Iran still has work to do

Iran should tackle money laundering and restructure its banks if it wants to attract optimal FDI, advises the IMF.

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Trust issues hindering sharing economy businesses, says HooYu

Majority of consumers avoid using sharing economy businesses because of problems with confirming identities, HooYu survey finds.

Arvils NEW
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Latvia joins the OECD

Latvia joined the group of the 34 most advanced countries on June 2 after introducing changes to its troublesome banking sector and promoting better governance for state-owned enterprises. Minister for economics Arvils Ašeradens talked to Jacopo Dettoni.

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China’s energy price far exceeds the US

Cost competitiveness was the bedrock upon which China’s position as a manufacturing powerhouse was built. But as the country seeks to move up the value chain, rising costs ensure it will need to compete on quality and other factors regardless.

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London retail rising in the west

Figures from MasterCard and a new report highlight the attractiveness of retail options in London’s West End, particularly for overseas visitors.

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