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Ogilvy & Mather identifies 12 new emerging middle class countries

Communications advisory firm Ogilvy & Mather has identified 12 key emerging middle class countries that will reshape future global growth: India, China, Pakistan, Indonesia, Bangladesh, Nigeria, Egypt, The Philippines, Vietnam, Brazil, Mexico and Myanmar.

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Ukraine panel stresses urgent need for reforms

Panellists at the EBRD annual meeting agreed with Ukraine's finance minister that greater FDI and an increase in bank lending are crucial if the country is to build on its recovery.

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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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