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.
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.
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.
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.
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.
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.
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.
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.
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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