• Wed, March 12, 2025

by: GhanaWeb

All set for IFRIG's 2025 Islamic Finance Forum with focus on sukuk

The Islamic Finance Research Institute of Ghana (IFRIG) is set to hold the 2025 edition of the Islamic Finance Forum (IFF).

by: Zawya

Mbank partners with Abu Dhabi University to launch collaborative academic and professional development programs

To offer a range of academic, training, and professional development initiatives for undergraduate and graduate students

by: BBC

Survey reveals optimism among business leaders

Business leaders in the Channel Islands are more optimistic about global economic growth compared with their international counterparts, according to a survey. Findings from PwC's Annual Global CEO Survey show about 12% of bosses believe their businesses will not be viable in 10 years, compared with a global average of 40%.

by: Entrepreneur

Trailblazing Women: Nikita and Rhea Patel's 'The Bureau' Offers a Dedicated Space for Female Professionals to Thrive in the UAE

As the global female workforce seeks policies that allow for better work-life balance, the Patel sisters have co-founded UAE-based female-focused co-working space The Bureau.

by: NerdWallet

5 Things to Know About the Nibbles Credit Card

The Nibbles credit card offers rewarding pet-related benefits, the most valuable of which is its pet insurance that covers up to $10,000 in yearly health coverage

by: Investopedia

50 Best Cities To Retire In the U.S.: The Surprising Leaders in Affordability

Investopedia and Travel + Leisure teamed up to identify locations across the country where retirement dollars may go farther. Good news: the best cities to retire in the U.S. include metros in every region of the country,

by: Newsday

Is a recession coming in 2025? Long Island economists weigh in.

Online search engines have seen an uptick in people asking questions about the country's economic fate, including "is a recession coming in 2025," "how to prepare for a recession," and "what is a recession.

by: BusinessTech

The big winners and losers in South Africa's 2025 budget

The Treasury committed R5 billion to the military to fund a peacekeeping mission in eastern Congo, where Rwanda-backed rebels have wreaked havoc. Many South African troops have died in the central African nation, and regional groups haven't managed to broker a ceasefire so far.

by: MarketWatch

I invested $4,000 in 2020 when the market crashed. It's now worth $55,000 with 65% in Nvidia. Am I now in trouble?

I had $3,000 when the stock market crashed in 2020. I immediately invested that in stocks, letting myself become homeless (sleeping in the local park by a gym where I could shower

by: AOL

Tesla US registrations dip 11% in January, the latest sign of demand weakness and consumer backlash

S&P Global Mobility reports registrations for Tesla vehicles in the US dipped to 43,411 in January, an 11% dip compared to a year ago. Though Tesla retained the top spot in terms of US market share at 42.5%, it represented a whopping drop of 12 percentage points from a year ago. Automotive News first published the S&P data.

by: IOL

South Africa Wine condemns unfair excise tax decision

Finance Minister Enoch Godongwana said in the 2025 Budget that government will impose more taxation on tobacco and alcohol products in the coming year.

by: WTOL

Financial stress rises as tax season approaches; experts warn of common mistakes and scams

With the April 15 tax deadline just a month away, stress is mounting for millions of Americans. Experts with the IRS said tax season often worsens existing money worries, leading to last-minute filings and potential mistakes.

by: Forbes

18 Ways To Navigate Financial Challenges And Protect Your Organization

Leaders experiencing financial losses should take a hard look at their fixed and variable costs. By cutting unnecessary fixed expenses and bo

by: Fortune

Technologist at 107-year-old company warns about overspending on AI: 'People can get carried away'

Sastry Durvasula talks about helping bring a legacy company into the digital age by deploying AI.

by: Reuters

Bank climate coalition seeks to overhaul rules, chair says

The world's leading climate coalition for the banking sector is canvassing members over changes to its rules, its chair told Reuters, following the withdrawal of some of the biggest banks and as the real economy falls short of more ambitious climate action.

by: Forbes

What The Digital Divide Can Teach Us About The AI/ML Revolution

Businesses that adapted to digital transformation surged ahead, while those that didn't struggled to stay relevant. Today, we're facing a new divide—one that's moving even faster. Artificial intelligence and machine learning are revolutionizing industries,

by: BusinessTech

Medical aid tax credits, fuel levies and VAT - what to expect in South Africa's new budget

Economists at Nedbank lay out what they expect from Finance Minister Enoch Godongwana's second attempt to balance South Africa's books.

by: AOL

Treasury Secretary Scott Bessent to CEOs: It's common sense to cut taxes

With markets reeling because of volatile tariff headlines from the Trump administration, one of the president's top Cabinet members is reportedly aiming to get CEOs and investors to focus on something more bottom-line friendly. The prospect of permanent Trump tax cuts.

by: GOBankingRates

Here's How Inflation Impacts Your Bank Account (And How To Take Advantage)

Inflation isn't just a buzzword -- it has real effects on your finances, from the interest rates on loans to the value of your savings. Find Out: If You're Thinking About Getting a CD, Suze

by: IOL

Trade experts map SA's future as US relations cool

Experts urge South Africa to diversify its trade relationships and adapt to changing US policies following the cancellation of the Just Energy Transition Partnership.

by: CNET

PSA: Procrastinating Your Taxes Can Make Filing More Expensive. Here's Why

Waiting until the IRS deadline to file taxes can be costly, especially for freelancers and filers looking to itemize expenses.

by: GOBankingRates

Bread Savings CD Rates and Terms for 2025

Bread Savings is an online-only bank that offers high-interest CDs and a savings account. Here are the Bread Savings CD rates in 2025.

by: Forbes

Silicon Valley Unicorns: Market Trends And A Reality Check At The Start Of 2025

This year is shaping up to be the year when applied AI solutions demonstrate their long-term commercial value at scale.

by: CNBC

8-year-old's coffee business brought in $150,000 in 2024 and just got him a deal on 'Shark Tank'

Ethan Sanborn and his dad pitched their company Kiid Coffee on ABC's "Shark Tank" and got interest from multiple investors, including Mark Cuban.

by: BusinessTech

This tiny European island is home to a thousand rich South Africans

A small island in the Irish Sea is already home to over a thousand South Africans, and it is looking to attract more people from the country.

by: Fortune

CEOs are turning to AI for business advice and they trust it even more than their friends and peers

Executives aren't just using AI to crunch numbers, they're looking for the robots to make decisions for them.

by: AOL

Intel stock climbs following report that TSMC has pitched Nvidia, AMD on venture to run Intel's foundry business

Shares of Intel rose on Wednesday following a Reuters report that TSMC has pitched Nvidia, AMD, and Broadcom on a plan to run Intel's chip manufacturing business.

by: Reuters

Italy signals light touch when reviewing UniCredit's bid for BPM

Italy intends to use its right to intervene on UniCredit's bid for Banco BPM in a reasonable manner, Economy Minister Giancarlo Giorgetti said on Wednesday, appearing to rule out a hardline approach to the deal.

by: CNBC

CNBC Daily Open: The U.S. and Canada exchange blows over tariffs, churning markets

The White House engaged in a brief trade war with Canada on Tuesday over energy surcharges and steel tariffs. Cooler heads prevailed but markets weren't calmed.

by: AOL

It's not that Trump doesn't care about markets. He just cares about tariffs more.

A review of President Trump's recent commentary suggests he cares more about tariffs than markets — at least so far — during his second go-around in the White House.

by: Reuters

French defence build-up must not push finances off course, minister says

French government plans to increase defence spending must be designed in a way that does not push strained public finances off course, Finance Minister Eric Lombard said on Wednesday.

by: Forbes

Banks In The USA Should Be Permitted To Own Cryptocurrency

Banks need to enter the market. Regulatory uncertainty, concerns over volatility, and the perceived risks associated with digital assets have kept banks on the sidelines.

by: Forbes

The Lower Middle Market Advantage: How Smaller Deals Can Deliver Big Returns

But in the world of private equity and investment banking, the lower middle market, transactions typically valued between $10 million and $500 million, often deliver some of the most compelling opportunities for investors.

by: Reuters

Brazil will not retaliate against US steel tariffs immediately, minister says

Brazil's Finance Minister Fernando Haddad said on Wednesday that the South American country would not immediately retaliate against tariffs imposed by the United States on steel and aluminum imports,

by: AOL

Tesla stock rises after worst day in almost 5 years as Musk says US production will double

Tesla bounced back on Tuesday following its worst day in five years after one of Wall Street's biggest bulls said it was time to buy the stock.

by: Insider

One man stood between Trump and a recession. Now he's gone.

Wall Street assumed that the stock market would act as a check on Donald Trump's worst economic impulses. That isn't panning out.

by: Insider

End of the road for EV battery maker that raised $15 billion from investors including Goldman Sachs and BlackRock

The Swedish company aimed to become Europe's main EV battery maker and take on Chinese rivals, but filed for Chapter 11 protection in November.

by: Reuters

Moody's sees improved outlook for banks in France, Germany and elsewhere

The credit ratings agency Moody's said on Wednesday that it deemed the outlook for banking sectors in France, Germany, Sweden, Belgium and the Netherlands as "stable", an improvement from an early "negative" outlook.

by: Reuters

Bank of America cuts 150 junior jobs in investment banking, sources say

Bank of America's latest cull has eliminated 150 jobs of junior bankers at its investment bank, two sources familiar with the matter told Reuters on Tuesday.

by: Insider

Marc Benioff, Ray Dalio, and the cofounder of Alibaba talk US and China AI

"China is behind, but not by a lot, in the best chips," said Ray Dalio at a Wednesday conference in Singapore.

by: Reuters

Puma sees quarterly sales drop on US, China performance

German sportswear Puma said on Tuesday it expects quarterly currency-adjusted sales growth to be in a low single-digit percentage, below the previous year's level, due to a soft performance in the U.S.

by: Insider

Europe hits back at Trump's new aluminum and steel tariffs

The European Union announced tariffs on 26 billion euros, or $28.4 billion, worth of US goods in response to new American duties on steel and aluminum. The European Commission introduced the "swift and proportionate" countermeasures in a statement on Wednesday.

by: Reuters

Trump's steel, aluminum tariffs take effect as global trade war intensifies

President Donald Trump's increased tariffs on all U.S. steel and aluminum imports took effect on Wednesday, stepping up a campaign to reorder global trade norms in favor of the U.S. that drew swift retaliation from Europe.

by: Reuters

UK payments regulator to be abolished and absorbed by financial watchdog

LONDON] Britain's payments regulator will be abolished and its remit absorbed by another financial regulator, the government said on Tuesday, as it aims to cut red tape in favour of growth. Read more at The Business Times.

by: Reuters

Trump's steel, aluminum tariffs take effect as US-Canada trade war intensifies

U.S. President Donald Trump's increased tariffs on steel and aluminum imports took effect on Wednesday as prior exemptions, duty free quotas and product exclusions expired, as his campaign to reorder global trade norms in favor of the U.

by: Reuters

Bid target Popolare Sondrio sets bold profit and payout goals

Banca Popolare di Sondrio on Wednesday set ambitious goals for profits and shareholder rewards through 2027, as it seeks to fend off an unsolicited bid from bigger rival BPER Banca .

by: Reuters

South African rand opens weaker before budget showdown

The South African rand opened weaker early on Wednesday, hours before the finance minister was set to present a revised annual budget in parliament.

by: Reuters

Bank of America cuts 150 junior roles in investment banking, sources say

Bank of America's latest cull has eliminated 150 jobs of junior bankers at its investment bank, two sources familiar with the matter told Reuters on Tuesday.

This tiny European island is home to a thousand rich South Africans

A small island in the Irish Sea is already home to over a thousand South Africans, and it is looking to attract more people from the country.
The article from BusinessTech discusses how the tiny European island of Guernsey has become a haven for wealthy South Africans, with around a thousand of them calling it home. Guernsey, part of the Channel Islands, offers a favorable tax regime, including no wealth tax, no capital gains tax, and no inheritance tax, which makes it attractive for affluent individuals looking to manage their finances more efficiently. The island's stable political environment, high quality of life, and its status as a financial center also contribute to its appeal. Many South Africans have moved there to escape the economic and political uncertainties in South Africa, seeking a more secure environment for their wealth and families. The article highlights the lifestyle benefits, the community of South Africans that has formed, and the ease of doing business from Guernsey, which has become a significant draw for those looking to relocate.

Read the Full BusinessTech Article at:
https://businesstech.co.za/news/lifestyle/815835/this-tiny-european-island-is-home-to-a-thousand-rich-south-africans/