South African banks need to do more to ensure financial inclusion

Jul 02, 2020 15:11 pm UTC| Economy Fintech

An analysis of financial inclusion in South Africa shows that affordability limits poor households access to formal financial services. In our study, which looked at peoples use of financial goods and services between 2008...

Forget JobSeeker. In our post-COVID economy, Australia needs a 'liveable income guarantee' instead

Jul 02, 2020 15:10 pm UTC| Economy

There are now less than three months to go before the expanded JobSeeker payment is due to end. As a result, there is a growing political debate about what should happen to the unemployment payment that was roughly...

South Korea to back up 1,000 hydrogen businesses over 20 years

Jul 01, 2020 23:58 pm UTC| Economy

South Korea will support 1,000 businesses in the hydrogen industry over the next 20 years to develop a hydrogen-based ecosystem and economy. Consequently, the country will help create at least 500 companies in...

FxWirePro: Can USMCA & PMIs Bring In Optimism For Mexican Peso? Uphold USD/MXN Call Spreads

Jul 01, 2020 14:11 pm UTC| Research & Analysis Economy Insights & Views

The recent publication of the PMIs in a number of countries illustrated a significant improvement of sentiment. It seems questionable though whether sentiment in Mexico has improved to the same extent (publication of the...

S. Korea's SMEs struggle due to shortage of migrant workers

Jun 30, 2020 15:46 pm UTC| Economy

Over half of South Koreas 1,062 small to medium companies (SMEs) reliant on the foreign workforce are struggling due to a COVID-19-induced shortage of migrant labor. According to the response to the Korea Federation of...

S. Korea braces for record-high electricity demand during summer

Jun 30, 2020 15:13 pm UTC| Economy

South Korea will roll out energy-saving campaigns while avoiding face-to-face contact as it braces to supply 100.1 million kW in summer, up 1.8 percent from the last years peak. An additional 7.29 million kW of reserve...

India blocks 59 Chinese to safeguard sovereignty

Jun 30, 2020 14:59 pm UTC| Economy

The Indian government blocked 59 Chinese Apps for engaging in activities prejudicial to its sovereignty, integrity, defense, the security of the state, and public order. The ban against what India termed as malicious...