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development
Business / 3 weeks ago
The future of the global economy: How emerging nations are working to redefine power by 2075
By 2075, the global balance of economic power could look entirely different, with emerging nations from Asia, Africa, and Latin America taking centre stage. According to Goldman Sachs’ long-term projections, the world’s largest economies will no longer be dominated by Western powers. Instead, countries like China, India, Indonesia, and Nigeria are expected to lead a multipolar global order defined by demographic strength, industrial expansion, and technological adoption.
Politics / 4 weeks ago
The global development divide: where nations stand in 2025
The world remains deeply unequal in terms of development. A new study categorises countries into three broad groups, developed, developing, and least developed, showing how far apart nations still are in wealth, stability, and opportunity. The International Monetary Fund (IMF) classifies economies mainly as advanced or emerging, or developing based on income, industrialisation, and integration into the global financial system.
Politics / 6 weeks ago
Prabowo’s UN address signals Indonesia’s reentry into global diplomacy
Indonesian President Prabowo Subianto delivered a powerful speech at the United Nations, invoking the universal principle that “all men are created equal” and using a clear thematic structure to project Indonesia’s foreign policy priorities on the world stage. His address marks a symbolic return. It is reported that this is the first time in ten years that an Indonesian president has delivered remarks at the UN General Assembly.
Business / 22 weeks ago
Top 10 African countries leading in diaspora remittances
In 2024, diaspora remittances surged to unprecedented levels, serving as a crucial element in Africa’s economic strength. Egypt received the highest amount of remittance inflows at $22.7 billion, followed by Nigeria with $19.8 billion and Morocco with $12 billion. Kenya ($4.8 billion) and Ghana ($4.6 billion) completed the top five rankings with strong annual growth rates.
Business / 27 weeks ago
Global remittance rankings 2025: India leads the world with $125 billion sent home by expats
In 2025, global remittances continue to be a lifeline for millions of families and a critical pillar of many developing economies. The World Bank’s Global Migration and Development Report highlights that in over 70 low- and middle-income countries, remittance inflows now exceed foreign direct investment (FDI). Unlike volatile capital flows, remittances tend to remain stable during global crises, making them essential to economic resilience.
