March 28, 2024
US braces for supply chain disruption following Baltimore bridge collapse
<?xml encoding=”utf-8″ ?????????> The closure of the Port of Baltimore following the catastrophic collapse of the Francis Scott Key Bridge has prompted concerns about significant disruptions to supply chains in the United States. Transportation Secretary Pete Buttigieg warned of a “major and protracted impact” on supply chains due to the closure, although experts suggest the […]
March 28, 2024
SMEs Brace! Brace! for rest of 2024 amid weak growth and policy uncertainty
<?xml encoding=”utf-8″ ?????????> SMEs across the UK are bracing themselves for a challenging rest of 2024, according to the latest Prism Research SME Barometer. The survey of over 500 SME leaders found that more than three-quarters believe ongoing fiscal instability and political turmoil have already hampered their firm’s performance throughout 2023. The data has reignited […]
March 28, 2024
Secondhand clothing sales set to be 10% of global fashion market in 2025
<?xml encoding=”utf-8″ ?????????> Secondhand clothing sales are projected to represent 10% of the global fashion market by next year, as consumers increasingly turn to “pre-loved” garments amidst the cost of living crisis and sustainability concerns. According to a report by GlobalData for resale specialist ThredUp, global sales of pre-owned clothes grew by 18% last year […]
March 28, 2024
Amazon increases AI startup Anthropic investment with additional $2.75bn funding
<?xml encoding=”utf-8″ ?????????> Amazon announced on Wednesday that it will be increasing its investment in Anthropic, an artificial intelligence startup based in San Francisco, by an additional $2.75 billion. This brings Amazon’s total investment in Anthropic to $4 billion, while the tech giant will maintain a minority stake in the company. Anthropic is considered a […]
March 28, 2024
British carmakers report rising production six months in a row
<?xml encoding=”utf-8″ ?????????> British car factories have defied the global trend by reporting a sixth consecutive month of rising production. According to the Society of Motor Manufacturers and Traders (SMMT), UK car manufacturing increased by 14.6 percent in February, reaching 79,907 vehicles. This positive performance extends the trend of growth seen over the past six […]
March 28, 2024
Specialized translation services offered by agencies
<?xml encoding=”utf-8″ ?????????> In today’s globalized world, the demand for specialized translation services has never been higher. As businesses expand their reach across borders, the need for accurate and industry-specific translation becomes crucial. Translation agencies have stepped up to this challenge, offering a wide array of specialized services that cater to various sectors. These services […]
March 28, 2024
How to set realistic financial goals for your SME
<?xml encoding=”utf-8″ ?????????> Setting financial goals is key for SMEs aiming to navigate challenges such as fluctuating market conditions, an ongoing cost of living crisis, and the urgent shift towards sustainability. With many of the UK’s 5.6 million SMEs looking ahead nervously, having clear, achievable targets can give you greater confidence in your direction. Below, […]
March 27, 2024
Vehicle sales accelerate by 23% in February
Vehicles are seen plying the South Luzon Expressway in Muntinlupa City. — PHILIPPINE STAR/RUSSELL PALMA By Justine Irish D. Tabile, Reporter New vehicle sales jumped by an annual 23.2% in February, the fastest growth in seven months, according to a joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the […]
March 27, 2024
Residential property price growth further slows in Q4 – BSP data
A view of residential condominium buildings in Mandaluyong, Metro Manila, Aug. 22, 2016. — REUTERS By Luisa Maria Jacinta C. Jocson, Reporter Housing prices nationwide rose at a much slower pace in the fourth quarter of 2023, data from the Bangko Sentral ng Pilipinas (BSP) showed. The Residential Real Estate Price Index (RREPI) rose by […]
March 27, 2024
S&P Global keeps Philippine GDP growth outlook for 2024, 2025
People are seen enjoying the view at Manila Bay, March 27, 2024. — PHILIPPINE STAR/ MIGUEL DE GUZMAN By Luisa Maria Jacinta C. Jocson, Reporter S&P Global Ratings maintained its gross domestic output (GDP) forecast for the Philippines this year and 2025, as it expects the country to be among the top performers in the […]
March 27, 2024
Exporters cite job creation potential of Tatak Pinoy Act
CITEM The Philippine Exporters Confederation, Inc. (Philexport) said that the Tatak Pinoy Act can help generate jobs for Filipinos and develop lagging industries. In a statement Wednesday, Philexport President Sergio R. Ortiz-Luis, Jr. said that the export community welcomes the passage of Republic Act (RA) No. 11981, as similar efforts to encourage the purchase of […]
March 27, 2024
ODA projects should be targeted for procurement streamlining – think tank
DOF.GOV.PH NATIONAL government agencies need to ensure that the preparatory stages for projects funded with official development assistance (ODA) are streamlined to avoid delays, according to a think tank attached to the House of Representatives. “To address delays inherent in procurement processes, a comprehensive approach encompassing legal resolutions, administrative streamlining, and sound financial planning and […]