A new report from United Nations Conference on Trade and Development or UNCTAD showed that IFFs of illicit financial flows have deprived Africa of the much need finance for development to achieve its goals for progress.
According to the 2016 UNCTAD Economic Development in Africa Report between 1970 and 2008 total US854-billion or approximately R12218-billion has left Africa in illicit financial flows.
Pittsburgh based PNC Financial Services Group Inc., which runs the PNC Bank with a major branch in Milwaukee market reported a drop in profits in the second quarter.
The June quarter's net income was $989 million or $1.82 per diluted share. That is down from last year's $1 billion, or $1.88 per share in Q2.
With the changing work scenario, rise of startups in the U.S and emergence of millennials as the main strength behind the present workforce, it becomes necessary to ponder over the factors which are needed to build a good team and attract best available talents to a company.
Although it's an important factor to consider for all companies but is essential for entrepreneurs who are at the very early stages of hiring for their startups. A good team essentially leads to a more successful business and it's important to do it right from the very beginning.
The housing market is still facing impacts from the Brexit vote with mortgage rates following long-term bond yields close to record lows in the current week.
One of the best gauges that indicate if the mortgage rates will rise or drop is the movement of the ten year Treasury bond. Generally when yields drop rates of home loan too slip.
Last week, the yields on long-term bonds took a deep plunge touching all times low and that indicated grave concerns which investors felt regarding the global economy.
Australia could lose its AAA rating as on Thursday, S&P Global Ratings lowered its outlook for the country to negative owing to a budget deficits and the probability of a political stalemate due to the elections on Saturday, July 2.
The country is still waiting for the outcome of a probable very close election. Although, right now Malcolm Turnbull seems to be coming to power but whether he will be able to form a majority government is still unclear.
According to the most recent report by Quarterly Employment Survey, in the first quarter of 2016, the formal sector of the South African economy has cut down 15 000 jobs. That can be a warning sign of rising unemployment which can add to the already existing joblessness of the nation.
In the quarterly statistics released by Statistics South Africa (Stats SA) it could be seen how employment decreased in different sectors. The only exceptions were electricity, community services and construction.
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