Global Business Network
The Philippines is battling one of the worst Covid-19 outbreaks in Asia and the tough restrictions that have been in place over the past year have caused gross domestic product to contract for five quarters, including a 4.2% drop in the first three months of 2021. “The number of infections has remained elevated, which has … Read more
Corporate debt to gross domestic product (GDP) in Japan is at its highest level since the 1990s and fears are growing that defaults could surge in struggling sectors, which could have an impact on smaller and regional banks. The Bank of Japan’s (BoJ’s) most recent financial stability report suggested that the probability of default at … Read more
It has been almost six months since Belarus’s autocratic president Alexander Lukashenko claimed a landslide victory in a rigged presidential election in August last year, which led to widespread protests across the country involving hundreds of thousands people. The protests have continued to take place even during the freezing Belarusian winter, and the unrest represents … Read more
Financial services investment into India has soared over the past five years, with foreign investors particularly attracted to fintech opportunities in the country despite a slowdown in projects in 2020 because of the Covid-19 pandemic. The number of financial services foreign direct investment (FDI) projects reached 36 last year (January to November data) from 14 … Read more