Chinese Premier Li Qiang has called for significant efforts to stimulate the economy, focusing on increasing consumer spending and supporting household income. This comes amidst slowing economic growth in July, with indicators like falling home prices and rising unemployment highlighting the need for intervention.
Istanbul continues to be a top destination for international travelers, with over 8.5 million visitors in the first half of 2024, marking an 8% increase from the previous year. June saw a slight increase in tourist arrivals, with 1.64 million foreign visitors, signifying Istanbul’s enduring popularity.
Malaysia’s economy experienced a strong rebound in the second quarter of 2024, with GDP expanding by 5.9%, exceeding initial estimates. This robust performance has led the central bank to revise its full-year growth forecast upwards, now predicting a range of 4-5% for 2024. The growth surge was driven by a combination of factors, including increased household spending, a healthy labor market, and a revival in exports and investment activities.
Turpaz Industries Group, a global leader in flavor and fragrance extracts, announced record revenue and adjusted EBITDA growth in the second quarter of 2024. The company attributes this success to both organic growth in its core Taste and Scent segments and strategic acquisitions, including Sunspray in South Africa and the Clarys & Willich group in Belgium and Germany. Turpaz’s global presence continues to expand, with international sales now representing 84% of its total revenue.
Toss Securities, a South Korean financial technology company, has achieved its full-year profit target in just six months, driven by exceptional growth in U.S. securities trading. The company’s strong performance in the first half of 2024 is a testament to its robust business model and commitment to providing user-centric financial services.
Costa Rica’s tourism sector is thriving, fueled by visa-free entry for citizens of 97 countries and a diverse range of attractions. The country is experiencing a surge in visitor numbers, with the tourism market expected to continue growing at a significant rate. This article explores the factors driving Costa Rica’s tourism success, including its visa policy, infrastructure, and popular destinations.
Mukesh Ambani, the richest man in Asia, has expressed confidence in Reliance Industries’ readiness for the next growth phase. He outlined plans for the rollout of the True5G telecom network, expansion in retail, and a commitment to achieving net zero carbon emissions by 2035. Ambani highlights Reliance’s strong financial position and its role in driving India’s digital transformation and economic growth.
EVIS HEALTHCARE, a prominent player in the active nutrition and wellness market, has transitioned into a public limited company, paving the way for an upcoming IPO. The company, known for its innovative products under brands like BOLT Nutrition, Wheymill, and Eleone Wellness, aims to leverage the capital markets for further expansion and innovation. This strategic move comes after successful fundraising and strong growth in recent years.
China’s economic growth is slowing, and the government is struggling to find a solution. While some economists suggest a liquidity trap, others argue for a fiscal stimulus. However, the effectiveness of these solutions in China’s unique economic system remains uncertain.
The global hydroponics technologies market is projected to experience significant growth, driven by the increasing demand for sustainable and efficient agricultural practices. This market is expected to reach USD 737.5 million by 2028, growing at a CAGR of almost 17.38% during the forecast period.
