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Spending

New govt may cut FY25 fiscal deficit target amid robust growth and windfall RBI dividend

by Ron Morgan
New govt may cut FY25 fiscal deficit target amid robust growth and windfall RBI dividend

New Delhi: The new government may cut the fiscal deficit target for the current financial year when it presents the full budget in July, encouraged by a better-than-expected deficit reading …

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Marketing budgets have dropped to 7.7% of overall company revenue in 2024

by Jane Adams
Marketing budgets have dropped to 7.7% of overall company revenue in 2024

Average marketing budgets have fallen to 7.7% of overall company revenue, down from 9.1% in 2023, according to a Gartner survey of 395 CMOs and marketing leaders. This is according …

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As China seeks new economic growth, is it time to unleash the power of the ‘she-conomy’?

by Ron Morgan
As China seeks new economic growth, is it time to unleash the power of the ‘she-conomy’?

And although earning a living working as a freelance writer and antique dealer means she does not have a regular income, Nan said her life is “quite nice” with a …

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Senate strikes deal to vote on $1.2T federal spending bill but misses government shutdown deadline

by Ron Morgan
Senate strikes deal to vote on .2T federal spending bill but misses government shutdown deadline

The Senate struck a deal Friday night to bring a $1.2 trillion federal spending bill up for a vote – but not before missing a midnight deadline, triggering a partial …

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Ottawa’s ‘Shark Tank’: fast-track program helped rapid test contractors land billions

by Vera Ward
Ottawa’s ‘Shark Tank’: fast-track program helped rapid test contractors land billions

The Canadian government awarded two of the largest medical supply contracts of the pandemic to importers participating in an invitation-only federal program rather than to Canadian manufacturers offering lower prices, according …

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Australia unveils US$7 billion plan to more than double size of its naval fleet

by Walter Watson
Australia unveils US billion plan to more than double size of its naval fleet

At least some of the fleet will be armed with Tomahawk missiles capable of carrying out long-range stand-off strikes on targets deep inside enemy territory – a major deterrent capability. …

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Nato allies ‘spending more’ as defence budgets reach record levels, amid worries about Trump

by Walter Watson
Nato allies ‘spending more’ as defence budgets reach record levels, amid worries about Trump

The announcement comes as US President Joe Biden slammed Trump on Tuesday for suggesting he would allow Russia to attack members of the North Atlantic Treaty Organization that underspent, calling …

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‘Bullish’ marketing industry plans to boost spending power in 2024

by Jane Adams
‘Bullish’ marketing industry plans to boost spending power in 2024

UK marketing leaders are gearing up for a ‘bullish’ 2024, with more than 70% planning to boost digital budgets this year, new data shows.   Following four years of economic flatlining …

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‘Buy Now Pay Later’ Increasingly Popular Among High Earners

by Anas Siddiqui
‘Buy Now Pay Later’ Increasingly Popular Among High Earners

As the holiday season winds down, many American consumers are turning to Buy Now, Pay Later (BNPL) options to alleviate the pressure of gift-giving amidst increasing credit card debts and …

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Hong Kong catering group Maxim’s opens landmark store in response to business appetite

by Anas Siddiqui
Hong Kong catering group Maxim’s opens landmark store in response to business appetite

He said there had been a 50 to 60 per cent recovery in tourist traffic. Siu said that since many Hongkongers were travelling to mainland China after the border reopening, …

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