U.S. Small-Business Confidence Hits Six-Month High in June

U.S. small-business confidence reached a six-month high in June, according to the National Federation of Independent Business (NFIB). The Small Business Optimism Index increased by 1 point to 91.5, marking its highest level since December 2022. However, this is the 30th consecutive

Paytm Gets Government Approval to Invest in Key Subsidiary

Paytm has received approval from a government panel overseeing investments linked to China to invest 500 million rupees ($6 million) in its crucial subsidiary, Paytm Payment Services. This decision, which still requires vetting by the finance ministry, removes a major obstacle for

Carlsberg to Acquire Britvic for £3.3bn

Carlsberg has announced a £3.3bn agreement to acquire Britvic, the UK-based maker of Robinsons squash and J20. The Danish brewer plans to merge the two entities into a single beverage company called Carlsberg Britvic, aiming to expand its presence in the UK

U.S. Airlines Navigate Profit Challenges

U.S. airlines are facing a notable disparity between record summer travel demand and their profitability, a theme expected to dominate quarterly earnings reports this month. Despite forecasts of robust demand and occasional revenue highs, airlines are grappling with increased costs, particularly in

US Inflation Stalls as Goods Prices Drop; Spending Rises

Monthly inflation in the US was flat in May, as a modest rise in service costs was balanced by the largest drop in goods prices in six months. This development brings the Federal Reserve closer to potentially cutting interest rates later this

Guinea Secures Funds from AfDB Group to Boost SME Resilience

The African Development Fund, the concessional window of the African Development Bank Group, has approved a loan of $14.04 million to support Guinea’s Industrial Development and SME Resilience Support Project. This funding, sourced from Pillar 1 of the Transition Support Facility, aims

UK Energy Suppliers Regain Consumer Trust Post-Crisis

Energy suppliers in the UK are beginning to regain consumer confidence following the recent energy crisis, according to a new survey by Uswitch, a comparison and switching service. The survey, which gathered responses from 15,030 energy customers, reveals a 10% rise in

EU Banks Report Surge in Non-Performing Loans to SMEs

Banks across the European Union (EU) reported a notable increase in souring loans to small and medium-sized enterprises (SMEs) in the year’s first quarter. Despite this, the sector’s profitability has remained resilient, according to the European Banking Authority (EBA). In its latest

Cambodia and Indonesia Explore STI and MSME Collaborations

Cambodia and Indonesia are actively exploring potential collaborations in science, technology, innovation (STI), and support for Micro, Small, and Medium Enterprises (MSMEs). This initiative aims to strengthen bilateral relations and foster economic growth through mutual cooperation. Recently, Hem Vanndy, Minister of Industry,

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