Economy
Economic news and global market trends
Samoa’s Fintech Growth Driven by Remittances and Mobile Infrastructure
Samoa's fintech evolution is rooted in remittances from abroad, leveraging mobile technology and payment infrastructure to enhance financial access.
Read full story →Snap Finance UK's Partnerships Redefine Approval Rates and Order Values in Retail Financing
Snap Finance UK's collaboration with Simba Sleep leads to a tenfold increase in finance approvals and a notable boost in average order value.
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US Commercial Insurance Renewal Rates Show Signs of Easing in July
July saw a decline in renewal rates for most US commercial insurance lines, continuing a trend that reflects easing market conditions.
Read full story →NioCorp Valuates Elk Creek Project at $4B Amid Critical Mineral Demand Surge
NioCorp's updated feasibility study reveals a $4 billion valuation for the Elk Creek project, positioning it as a pivotal source of critical minerals in the U.S.
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Copper Prices Near Record High Amid Smelter Shutdown and Alumina Supply Cuts
Copper prices are approaching record levels due to supply disruptions at the Grasberg smelter, while aluminum sees gains from output cuts in Brazil.
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Gold Prices Reach Two-Month High Before Oil Rebound Affects Market Sentiment
Gold prices hit a near two-month high amid prospects for a Hormuz deal but retreated as oil prices surged, impacting market dynamics.
Read full story →Silver Prices Experience Volatility Ahead of US Inflation Data Release
As silver prices stabilize below recent highs, investors are cautious ahead of upcoming US inflation figures that could influence market trends.
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Global Catastrophe Losses Decline, But Risk Remains Elevated
Global insured natural catastrophe losses dropped 16%, but the risks from climate-driven events like wildfires and hurricanes persist, warranting caution.
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Tanzania's Financial Evolution: From Mobile Money to Integrated Digital Services
Tanzania has transformed its digital finance ecosystem, enhancing financial access and integration while tackling the complexity of usage beyond mobile money.
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US Business Leaders' Confidence Declines Amid Rising Geopolitical Risks
US executives, particularly in small businesses, report heightened concerns about the future due to geopolitical instability and operational challenges.
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Auto Injury Claim Costs Surge, Doubling Medical Inflation Rates from 2017 to 2022
Recent research reveals US auto bodily injury claims increased at over double the rate of medical inflation from 2017 to 2022, fueled by heightened legal involvement.
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Gold and Silver Prices Surge Amid US Job Contraction; Barrick Faces Investor Backlash
Gold and silver prices climb following a surprising drop in US jobs, while Barrick's latest deal leaves investors concerned about asset valuations.
Read full story →Gold Surges Above $4,300 Driven by Weaker US Jobs Data and Chinese Central Bank Purchases
Gold prices surged past $4,300 an ounce bolstered by weak US jobs data, enhanced investor interest, and significant buying from China's central bank.
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Navigating Knowledge Gaps in Insurance as Experienced Professionals Retire
The retirement of seasoned insurance professionals is exposing significant knowledge gaps that threaten effective risk management and client relations.
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Small Group Health Insurance Premiums Set for 14% Surge in 2027
Small group health insurance premiums are expected to rise by 14% in 2027, driven by higher medical costs and increasing use of specialty drugs.
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NI Holdings Achieves Profitability Amid Strategic Shift in Auto and Crop Insurance
NI Holdings returned to profitability by exiting non-standard auto insurance and growing its crop insurance business, indicating shifting market dynamics for brokers.
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GEICO Targets Alleged $2.9 Million Fraudulent Billing Scheme in New York
GEICO has launched a lawsuit against four New York medical supply firms over an alleged fraudulent billing scheme costing over $2.9 million.
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Insurers Seek Damages from Kuehne + Nagel Over $220K Electron Microscope Claim
Insurers National Union and Zurich are suing Kuehne + Nagel and Lufthansa Cargo after a $220K electron microscope was delivered damaged.
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Insurance Market Dynamics Shift as Property Rates Decline and Casualty Costs Climb
Q2 2026 reveals a split in the insurance landscape, with falling property rates contrasting sharply with rising casualty costs driven by social inflation.
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AXIS Capital Integrates DUAL's Excess Liability Book to Strengthen Lower Middle Market Position
AXIS Capital transfers renewal rights for DUAL's excess liability business, bolstering its lower middle market growth strategy.
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