GDP

A Slow Rebound for Canada

Retrieved on: 
Thursday, March 28, 2024
Conference Board of Canada, Conference, The Conference Board, Growth, Unemployment, Risk, Research, Policy, Housing, Investment, GDP, Retirement, Government

“While Canada should expect a slow recovery this year, momentum will pick up in 2025, with growth forecast to rise by 2.3 per cent.”

Key Points: 
  • “While Canada should expect a slow recovery this year, momentum will pick up in 2025, with growth forecast to rise by 2.3 per cent.”
    Housing markets continue to be a focal point of policy discussions and initiatives across all levels of government.
  • Efforts to address the critical housing supply shortage and affordability challenges are underway, but progress remains hampered by slow policy reforms, labour constraints and high interest rates.
  • The labour market in Canada faces its own challenges, as high interest rates curb economic expansion and labour demand.
  • However, it is uncertain whether these early investments will spark a larger productivity rebound in Canada.

Claim Your Glory: Apply Now for the Region Smart City Awards*

Retrieved on: 
Thursday, March 28, 2024
Culture, Congress, Growth, Learning, Essence, History, Economic development, Market, City, GDP, Geography, Region, Development, Industrial design

SINGAPORE, March 27, 2024 (GLOBE NEWSWIRE) -- The World Smart City Awards, organized by the Smart City Expo World Congress, have been successfully held for 13 years and are acclaimed as the “Oscars” in the field of global smart city development.

Key Points: 
  • SINGAPORE, March 27, 2024 (GLOBE NEWSWIRE) -- The World Smart City Awards, organized by the Smart City Expo World Congress, have been successfully held for 13 years and are acclaimed as the “Oscars” in the field of global smart city development.
  • Among them, the prominence of emerging cities in Asia is significant, harboring 57% of the world's populace, with the majority living in urban areas.
  • The Region Smart City Awards* (*special focus on emerging cities in Asia) aims to recognize outstanding projects, enterprises, and leaders in smart city development, foster a culture of learning and cooperation among cities in Asia, and drive diversified development.
  • To apply for the "Region Smart City Awards*", please visit the following link: http://www.tomorrow-city.com/2024RSCA .

Fraser Institute News Release: Size of government on the rise across Canada

Retrieved on: 
Tuesday, March 26, 2024
Bangladesh Technical Education Board, Fraser Institute, Government, Size, Public policy, Research, Policy, Private sector, Crowding, GDP

“The size of government increased in eight of ten provinces and the country as a whole over the last decade-and-a-half,” said Alex Whalen, associate director at the Fraser Institute and co-author of The Size of Government in Canada in 2022 .

Key Points: 
  • “The size of government increased in eight of ten provinces and the country as a whole over the last decade-and-a-half,” said Alex Whalen, associate director at the Fraser Institute and co-author of The Size of Government in Canada in 2022 .
  • The study measures federal, provincial, and local government spending in each province as a share of the economy (GDP) from 2007 to 2022, the most recent year of comparable data.
  • It finds that government size grew in every province except Prince Edward Island and Saskatchewan during that period.
  • Previous research has shown that the size of government (as a share of the economy) to maximize economic growth and social progress is between 26 and 30 per cent of the economy (GDP).

Platform Science Raises $125 Million in Growth Capital

Retrieved on: 
Tuesday, April 9, 2024
Hardware, Technology, Apps, Applications, Other Transport, Trucking, Fleet Management, General Automotive, Transport, Aftermarket, Automotive, Software, Logistics, Supply Chain Management, Networks, Vehicle Technology, Mobile, Wireless, MSD, Growth, Original equipment manufacturer, BDT, PACCAR, Daimler Truck North America, Daimler Truck, Testament, Werner Enterprises, GDP, Ecosystem, API

Platform Science , the leading edge application platform for transportation, announced today that it raised $125 million in growth capital to accelerate innovation in the commercial transportation sector.

Key Points: 
  • Platform Science , the leading edge application platform for transportation, announced today that it raised $125 million in growth capital to accelerate innovation in the commercial transportation sector.
  • Platform Science also had strong participation from existing investors, including 8VC, NewRoad Capital Partners, and Prologis Ventures, underscoring their commitment to the company’s growth plans.
  • By doing so, we expect innovation to change transportation in the same way smartphones have changed our lives,” said Platform Science co-founder and CEO Jack Kennedy.
  • We look for opportunities that are driving impact at scale, and Platform Science is doing exactly this.

World Kitchen Furniture Market Outlook 2024, Featuring 35 Company Profiles Including American Woodmark, Boffi, Cabico, Hanssem, IKEA, Interwood, Nobia, Oppein, Scavolini, Schuller, Weizter and Zbom - ResearchAndMarkets.com

Retrieved on: 
Monday, April 8, 2024
Home Goods, Other Retail, Other Manufacturing, Specialty, Luxury, Discount, Variety, Manufacturing, Retail, Comparison, Chapter Two, Real, Chapter Three, Policy, Table, Statistics, Chapter One, GDP, USD, European, Cabinetry

World consumption of kitchen furniture is worth about USD 60 billion, accounting for about 15% of total world furniture consumption.

Key Points: 
  • World consumption of kitchen furniture is worth about USD 60 billion, accounting for about 15% of total world furniture consumption.
  • North America is the main consuming area, covering over one-third of the world's kitchen furniture market, followed by Europe and Asia Pacific.
  • Part 3: Company profiles provides company profiles for 35 among the main kitchen furniture manufacturers worldwide.
  • The 60 countries covered by the World Indicators of kitchen furniture were selected based on size of the economy, importance of the kitchen sector and contribution to world trade of kitchen furniture.

Zimbabwe Agri-business Industry Report 2023: Local and International Influences, Competitive Environment, Outlook, Industry Associations - ResearchAndMarkets.com

Retrieved on: 
Monday, April 8, 2024
Agriculture, Natural Resources, Pesticide, Employment, Tea, Farmer, Growth, BAT, Livestock, Bega Dairy & Drinks, Tobacco, Horticulture, Investment, Tourism, GDP, Mining

The "The Agri-business Sector in Zimbabwe 2023" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "The Agri-business Sector in Zimbabwe 2023" report has been added to ResearchAndMarkets.com's offering.
  • The agribusiness industry is one of Zimbabwe's most important economic growth drivers together with mining and tourism.
  • All farm land belongs to the state and farmers are issued with 99-year lease agreements.
  • Zimbabwe's GDP growth is projected at 3.2% in 2023 up from 3.0% in 2022, anchored by agriculture, mining, and services.

Yunnan: Doing businesses with Southeast Asia and beyond

Retrieved on: 
Tuesday, April 9, 2024
Multimedia, Economic development, Growth, GDP, Tea

KUNMING, China, April 8, 2024 /PRNewswire/ -- A news report from chinadaily.com.cn:

Key Points: 
  • KUNMING, China, April 8, 2024 /PRNewswire/ -- A news report from chinadaily.com.cn:
    Nestled in Southwest China, Yunnan province is emerging as a pivotal gateway to Southeast Asia and South Asia, bordered by Myanmar, Laos, and Vietnam.
  • Its strategic location fuels regional trade and investment, making Yunnan a crucial hub for economic development.
  • Leveraging its strategic advantages, Yunnan fosters a premier business environment, focusing on resource economy, industrial park economy, and port economy enhancement.
  • With its strategic location, robust infrastructure, and government support, Yunnan has become an ideal location for numerous businesses and investors.

The Conference Board Employment Trends Index™ (ETI) Increased in March

Retrieved on: 
Monday, April 8, 2024
Employment, Conference, Pressure, The Conference Board, Growth, Noise, Real, Bureau, Economics, Unemployment benefits, GDP, Workforce, Industrial production, ETI, Consumer confidence, Government, Bureau of Labor Statistics, Ageing, Video game

NEW YORK, April 8, 2024 /PRNewswire/ -- The Conference Board Employment Trends Index™ (ETI) increased in March to 112.84, up from a downwardly revised 111.85 in February. The Employment Trends Index is a leading composite index for employment. When the Index increases, employment is likely to grow as well, and vice versa. Turning points in the Index indicate that a change in the trend of job gains or losses is about to occur in the coming months.

Key Points: 
  • NEW YORK, April 8, 2024 /PRNewswire/ -- The Conference Board Employment Trends Index™ (ETI) increased in March to 112.84, up from a downwardly revised 111.85 in February.
  • The Employment Trends Index is a leading composite index for employment.
  • "The ETI increased slightly in March, signaling employment will continue to grow in Q2 of 2024," said Will Baltrus, Associate Economist at The Conference Board.
  • The Employment Trends Index aggregates eight leading indicators of employment, each of which has proven accurate in its own area.

Oscilar Unveils Groundbreaking AI-Powered AML Risk Platform, Transforming Compliance for Fintechs, Sponsor Banks, and Financial Ecosystem

Retrieved on: 
Monday, April 8, 2024
Control, Link analysis, Automation, Fairness, Machine learning, Entrepreneurship, AML, Natural language, Risk, United, As a service, United Nations, AI, Fintech, GDP, Gen, Case management, Cryptocurrency

MENLO PARK, Calif., April 8, 2024 /PRNewswire/ -- Oscilar, a leading force in AI-Powered financial risk management, today publicly unveiled an industry-leading AI-Powered AML Risk Platform at the ACAMS Summit in Florida. This innovation represents a major leap forward in Anti-Money Laundering (AML) operations by equipping sponsor banks, fintechs, and financial institutions with unparalleled real-time monitoring, meticulous reporting, and in-tool backtesting and validation capabilities.

Key Points: 
  • Oscilar's unified AI-Powered AML Risk Platform monitors AML and Fraud risks, employing foundational AML rules with generative AI (Gen AI) and Machine Learning models for real-time detection, investigation, and enhanced collaboration between sponsor banks and fintechs.
  • The platform revolutionizes AML operations with Oscilar AI, a Gen AI AML Co-Pilot, advanced AML Ops Visibility and Control, and AI tools like anomaly detection models.
  • Oscilar's AI-Powered AML Risk Platform is already being used by a number of fintechs, financial institutions, and sponsor banks for customer onboarding, transaction monitoring, compliance visibility, and regulatory reporting needs.
  • Transparent AML Workflows and Scenario Testing: Streamlining Compliance
    Oscilar's AML Risk Platform offers quick AML setup, flexible data integration, and a no-code interface.

Oil bosses call phasing out fossil fuels a ‘fantasy’ – but an international agreement is plausible

Retrieved on: 
Tuesday, April 9, 2024
Powering Past Coal Alliance, Temperature, Climate change, Beyond Oil, Pressure, Science, International, Gamal Abdel Nasser, Frontrunners, Carbon, COP28, GDP, Coal, Developed country, UN

Such a phase-out requires international cooperation to restrict the supply of fossil fuels, including coal, oil and gas.

Key Points: 
  • Such a phase-out requires international cooperation to restrict the supply of fossil fuels, including coal, oil and gas.
  • If such cooperative efforts are pursued alongside ambitious action to tackle the demand for fossil fuels, it could lead to environmental and economic benefits.
  • Some countries are already taking unilateral action to restrict fossil fuels, by, for instance, banning new oil and gas exploration or extraction.
  • While no international agreement on limiting the supply of fossil fuels yet exists, there are precursors which have tended to take two different forms.

Who’s in? Who’s out?

  • They would be followed by countries that have low reserves and low profits from fossil fuels, such as Argentina, Brazil, India, Japan, Korea, Mexico and Turkey.
  • Our data suggests that petrostates such as Russia and Saudi Arabia would be the most reluctant to join because fossil fuel production is so central to their economies.
  • We acknowledge that our scenarios for international efforts to phase out fossil fuels are not necessarily aligned with geopolitical realities.
  • For one, there is the shaky relationship between key countries such as the US and China to consider.
  • A club of like-minded countries could pave the way for a wider coalition, but major fossil fuel producers would need to join eventually for it to succeed.

Economic consequences

  • Fossil fuel prices will inevitably rise as their supply is squeezed by a phase-out.
  • Only phasing out oil may result in higher economic costs, due to its ubiquity in global supply chains and production processes.
  • International cooperation will be crucial, especially to lessen the economic impact on developing countries that are heavily dependent on imported fossil fuels.
  • Lauri Peterson received funding from the European Union's Horizon 2020 Research and Innovation Programme under grant agreement no.
  • Panagiotis Fragkos received funding from the European Union's Horizon 2020 Research and Innovation Programme under grant agreement no.