Commerzbank’s Senior Economist Dr. Vincent Stamer notes that Euro area business sentiment has stabilized at a moderate level, with the composite PMI edging up from 52.0 to 52.1 in August, slightly above consensus. Manufacturing PMI has risen to a four-year high, supported by German public investment, while services remain stagnant and below 50 in France…
Jim Ovia steps down as Zenith Bank chairman after 36 years, passing the torch to CEO Adaora Umeoji. This article appears in the July.August issue of Global Finance Magazine. When Jim Ovia founded Zenith Bank in July 1990 at age 38, with NGN 20 million (then about $2.5 million) in capital, Nigeria already had a…
en English
Economics
Jul 27, 2026
Dambisa Moyo
Companies have poured billions of dollars into AI in anticipation of transformative productivity gains and cost savings, but the returns have yet to justify those investments. Rising costs, intellectual-property risks, and mounting cybersecurity…
Preview: RBA to stay in pause and observe mode, TD Securities says ahead of today’s decision !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}
Introduction Over the last few years, concerns have been raised that the existing international taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. system does not properly capture the digitalization of the economy. Under…