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BUSINESSJul 3US, European business groups hail Philippines’ new World Bank statusForeign business groups welcomed the Philippines’ leap to upper-middle-income status as a positive signal of the country’s growing position as a competitive investment destination. In a statement, the American Chamber of Commerce of the Philippines (AmCham) said the World Bank’s reclassification of the Philippines is an important milestone in the country’s pursuit of economic progress. “This achievement sends a positive signal to global investors at a time when companies are reassessing supply chains, expanding regional operations, and looking for new growth markets across the Indo-Pacific,” AmCham said. The Philippines moved up from lower-middle-income to upper-middle-income-country (UMIC) status after its gross national income (GNI) per capita reached a record $4,850, according to the World Bank. AmCham said the Philippines’ new status will further strengthen its appeal to American companies looking to invest in Southeast Asia. The group noted that the country is already attractive due to its young and skilled workforce, strong English proficiency, and longstanding economic ties with the US. “These advantages, combined with a growing consumer market, position the Philippines to attract more investments in advanced manufacturing, digital services, infrastructure, healthcare, and other high-value sectors,” it said. To ensure that this momentum carries into the coming years, AmCham said the country must focus on instituting reforms aimed at sustaining growth and enhancing competitiveness. Among the top priorities, according to the group, is advancing policies that encourage innovation and investment to position the Philippines to attract more high-value investments and create better jobs. This also includes accelerating infrastructure development, improving digital connectivity, ensuring affordable and reliable energy, streamlining government processes, and strengthening public-private partnerships, AmCham said. “Continued public-private sector collaboration will be essential to ensuring that this milestone translates into broader economic opportunities and long-term prosperity,” the group added. The European Chamber of Commerce of the Philippines (ECCP) said in a separate statement that the country’s UMIC status comes at a pivotal time for economic relations between the European Union (EU) and the Philippines, especially as both sides look to complete negotiations for a free trade agreement (FTA). “As the Philippines advances in its development path, the timely conclusion of an ambitious, balanced, and commercially meaningful EU-Philippines FTA becomes even more important,” said ECCP President Diana Edralin. She said the trade pact will build on the Philippines' economic gains by unlocking new opportunities in trade and investment and establishing a more permanent and reciprocal framework for market access to the EU. (Dexter Barro II)mb · philippines
BUSINESSJul 3[VIDEO] Nigeria Doesn’t Have High Indebtedness Problem But Low Revenue Problem — World BankIt advised that focus should be on increasing revenue to lead to better outcomes, better jobs, and lower poverty. The post [VIDEO] Nigeria Doesn’t Have High Indebtedness Problem But Low Revenue Problem — World Bank appeared first on Channels Television.Channels TV
BUSINESSJul 3Remarks of World Bank Country Manager at World MSME Day Celebration, Monrovia, LiberiaCelebrating Liberia's MSMEs on World MSME Day, the World Bank Group highlights the importance of digital transformation, job creation, and inclusivity in unlocking growth and prosperity for entrepreneurs.liberianobserver · liberia
BUSINESSJul 3Jim Cramer Calls Ultra Clean Holdings “One of the Hottest Stocks in the World”Jim Cramer identifies Ultra Clean Holdings as a particularly strong-performing stock globally. This highlights a specific stock's recent market momentum according to a financial analyst.Yahoo Finance
BUSINESSJul 3World shares are mixed after Dow hits a new record, as some AI shares bounce backYahoo Finance
BUSINESSJul 3World Cup goals spree by star players proves costly for gambling companiesPerformance of top strikers and victories for popular teams have cost DraftKings as much as $50mnFinancial Times
BUSINESSJul 2CMA CGM deploys world's largest LNG-powered container ship on Asia-Europe routeEurope is investing in ever larger, cleaner container ships at a time when maritime sovereignty and supply-chain resilience have become strategic priorities.EuroNews [en]
BUSINESSJul 2US job growth slows in June; hospitality sheds roles despite World CupLabour force participation dropped to its lowest level since March 2021, reaching 61.5 percent in June.Al Jazeera [en]
BUSINESSJul 2Central Bank of Azerbaijan and World Bank discuss prospects for cooperationThe Central Bank of Azerbaijan and the World Bank are discussing potential future cooperation. This indicates ongoing international efforts in financial and economic development.trendaz · azerbaijan
BUSINESSJul 2Why the World Bank is winding down loans to China amid a ‘natural’ shiftBeijing has downplayed reports that the World Bank will phase out lending to China by 2031, with the Ministry of Finance noting that the nation’s advancing economy and changing development needs were shifting cooperation away from financing and towards knowledge sharing. “This is the natural result of changing domestic needs and the transformation of bilateral cooperation,” the ministry said in a statement on Wednesday, referring to the World Bank’s declining lending to China in recent...South China Morning Post
BUSINESSJul 1World Cup could boost the June jobs report by 40,000, Goldman estimatesNonfarm payrolls are projected to post a gain of 115,000, according to the Dow Jones consensus.CNBC
BUSINESSJul 1World Bank approves $1.25bn for Nigeria to boost reforms, investment, jobsBy Yinka Kolawole, with agency report The World Bank has approved a fresh $1.25 billion financing package for Nigeria to support ongoing economic reforms, stimulate private investment and accelerate job creation. The funding, approved under the Nigeria Actions for Investment and Jobs Acceleration (NAIJA) programme, forms a key component of the World Bank’s new Country […] The post World Bank approves $1.25bn for Nigeria to boost reforms, investment, jobs appeared first on Vanguard News.Vanguard Nigeria
BUSINESSJul 1World Bank approves $1.25bn financing for Nigeria, unveils six-year growth strategyThe framework outlines the lender's strategy for supporting Africa's largest economy over the next six years. The post World Bank approves $1.25bn financing for Nigeria, unveils six-year growth strategy appeared first on Premium Times Nigeria.Premium Times
BUSINESSJul 1South Korea to the rescue: The world's biggest chipmakers will drop $590 billion to end RAMageddon, but there's a catchYahoo Finance
BUSINESSJul 1‘Upside potential’: World Gold Council counts on Asian buyers to curb price plungeAsian markets are a growing force in gold price discovery as the metal remains sensitive to heightened geopolitical concerns and abrupt shifts in investor sentiment, according to the World Gold Council. Asian trading hours have been a key driver at gold price rebounds during the first half of the year, while the pullbacks tended to occur when US markets were open, according to the council’s global midyear outlook report published on July 1. “It … showcased the growing relevance of Asian markets...South China Morning Post
BUSINESSJul 1Brand Finance: FIFA World Cup Brand GrowingThe FIFA World Cup continues to grow into one of the world’s biggest commercial properties. Fresh figures show its financial value has reached unprecedented levels. New research highlights FIFA’s remarkable commercial success across sponsorship, broadcasting and global marketing. The tournament now generates enormous revenue through multiple income streams while attracting worldwide attention. FIFA World Cup […] The post Brand Finance: FIFA World Cup Brand Growing appeared first on Vanguard News.Vanguard Nigeria
BUSINESSJul 1MEA eyes open schooling body’s Rs 247 crore space at Delhi’s World Trade CenterThe Ministry of External Affairs is reportedly interested in acquiring a 247 crore rupee space belonging to an open schooling body at Delhi's World Trade Center. This indicates potential government real estate acquisition plans.Indian Express
BUSINESSJul 1World Bank to end lending to China by 2031The World Bank will phase out its lending to China by 2031 under its new Country Partnership Framework, marking a significant shift in its relationship with the world’s second-largest economy. A source familiar with the matter confirmed the development on Tuesday, corroborating an earlier report by the Financial Times. According to a World Bank official […] The post World Bank to end lending to China by 2031 appeared first on Vanguard News.Vanguard Nigeria
BUSINESSJul 1World Bank To Phase Out Lending To China By 2031In his first term in office, US President Donald Trump demanded that the World Bank stop lending to China entirely, as he adopted a more aggressive approach to Washington's chief economic rival. The post World Bank To Phase Out Lending To China By 2031 appeared first on Channels Television.Channels TV
BUSINESSJul 1The fragility of the world’s economic resilienceThe fragility of the world’s economic resilienceFinancial Times
BUSINESSJun 30World Bank to phase out China lendingDecision from global development institution follows years of pressure from the Trump administrationFinancial Times
BUSINESSJun 30Breakwave Tanker Report 6 . 30 . 2026 | Hellenic Shipping News WorldwideHellenic Shipping News Worldwide has released the Breakwave Tanker Report for June 30, 2026. This report provides an update on the tanker shipping market.hellenicshippingnews.com · China
BUSINESSJun 30Bidding Announcement of AHTS Bourbon Liberty 311 with Bareboat Charter | Hellenic Shipping News WorldwideAn announcement has been made regarding the bidding process for the AHTS Bourbon Liberty 311, which includes a bareboat charter. This is a commercial development in the shipping industry.hellenicshippingnews.com · China
BUSINESSJun 30Im a veteran who runs a flag business . We were blindsided by World Cup demand , and sales are up 130 %. A veteran-owned flag business experienced a significant 130% increase in sales, reportedly due to unexpected demand during the World Cup. This highlights a positive business outcome related to a major sporting event.finance.yahoo.com · United States
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