Islamabad (Business Emerge), September 4: In the wake of ongoing conflict in Gaza, international soft drink giants like Coca-Cola and PepsiCo are facing a significant shift in consumer preferences across Muslim-majority nations, leading to a surge in demand for local soda brands. Countries such as Egypt, Pakistan, and Bangladesh are witnessing a growing trend where consumers are turning away from Western beverages, viewing them as symbols of American influence, and by extension, Israeli support. This movement is particularly evident in Egypt, where Coca-Cola’s sales have seen a dramatic decline this year. In contrast, the local soda brand V7 has thrived,…
Author: Emily Thompson
Washington (Business Emerge), September 4: Goldman Sachs has predicted that a Democratic win, led by Kamala Harris, in the upcoming November elections would provide the strongest boost to the U.S. economy over the next two years. The investment bank’s analysis suggests that economic growth would flourish under Democratic control of both the White House and Congress. In contrast, should Republicans, led by Donald Trump, secure either a complete or divided victory, the U.S. economy is expected to face challenges in the following year. This setback would likely stem from heightened tariffs on imports and more restrictive immigration policies. The analysis…
Washington (Business Emerge): Pune’s emerging startup, DivineLane, has surpassed expectations, recording over 53,000 sales of Rudraksha beads and gemstones in its first year. This achievement underscores the company’s swift rise in the spiritual jewelry industry and its ability to cater to the increasing demand for authentic and spiritually meaningful products. The foundation of DivineLane’s success lies in its unique approach, which blends age-old traditions with modern-day convenience. Co-founded in 2021 by Vipul Soni, a third-generation jeweler, and Aditya Kachave, an IIT graduate, the company has swiftly gained a reputation as a trusted name in the spiritual jewelry sector. In its…
New Delhi (Business Emerge), August 22: IFERP’s reach extends across Asia, the Middle East, and Europe, establishing partnerships in countries like Iraq, Maldives, Thailand, Malaysia, and Singapore. These collaborations reflect a global trend of increasing international cooperation in sustainability research, which is crucial for addressing today’s complex challenges. In a world where the demand for research focused on Sustainable Development Goals (SDGs) is steadily growing, IFERP is poised to make an even greater impact. With plans for expansion, the organization is set to deepen its influence on global sustainability initiatives. The Institute for Educational Research and Publication (IFERP), established a…
Consumer confidence in the U.S. economy surged as major stock indexes closed higher on Thursday, with the Nasdaq leading the way, climbing over 2%. The boost came on the heels of July’s retail sales data, which showcased a robust consumer spending pattern, easing concerns about a looming recession in the largest global economy. Investors reacted positively to the 1.0% rise in retail sales, which followed a previously revised 0.2% drop in June. The unexpected increase alleviated fears of a significant economic downturn, particularly after a recent rise in unemployment. The retail sector’s strength was evident, as nine of the 11…
Shanghai (Business Emerge), August 16: China’s prolonged bond rally has come to an abrupt halt as intensified intervention by Beijing has led to declining bond prices and dwindling market turnover. Investors have begun stepping back as the central government takes strong measures to prevent yields from dropping further. Friday marked the second consecutive week of losses for ten-year treasury futures, poised for their steepest two-week decline in almost a year. This comes despite a series of poor economic indicators that would typically encourage bets on further policy easing and increased bond purchases in one of the world’s largest government bond…
(Business Emerge), August 16: The Federal Reserve has maintained its policy interest rate within the range of 5.25% to 5.50% for over a year, aiming to slow economic expansion and curb inflation. Earlier this month, disappointing employment data sparked concerns among investors that the Fed’s prolonged restrictive stance might necessitate a steep rate reduction, potentially by as much as half a percentage point, in September or sooner, to stave off a possible recession. However, recent economic indicators, including a robust retail sales report released on Thursday, have painted a more optimistic picture. These developments suggest that inflation is gradually easing,…
Wellington (Business Emerge), August 16: In a recent address to the Wellington Chamber of Commerce, Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr suggested that the central bank might implement two additional rate cuts before the year concludes. He expressed his strong inclination toward these reductions, provided the economic data aligns with expectations. The central bank had already surprised the market earlier this week by lowering its benchmark interest rate by 25 basis points, a move that marks the first cut since March 2020. Governor Orr indicated a preference for continuing rate reductions into 2025, aligning with economists’ predictions…
Hong Kong (Business Emerge) August 16: In response to potential safety risks associated with Takata airbags, German automaker BMW and its joint venture partner are set to recall a total of 1.36 million vehicles across China, according to the country’s market regulatory body. The recall campaign, which is already underway, impacts both domestically produced and imported BMW models manufactured between 2003 and 2017, as stated by China’s State Administration for Market Regulation. The initiative includes 598,496 vehicles from BMW Brilliance Automotive, the joint venture operating in northeast China, as well as 759,448 imported units distributed by BMW China Automobile Trading.…
Washington (Business Emerge), July 25: The NBA has officially signed an extensive 11-year broadcasting deal valued at $77 billion with Walt Disney’s ESPN, Comcast-owned NBCUniversal, and Amazon. This landmark agreement will elevate the NBA’s media presence significantly, as the league will enhance its broadcast reach both in the United States and internationally. The NBA has decided to part ways with Warner Bros Discovery’s TNT Sports, rejecting their last-minute bid. The rejection, which marks the end of a 40-year association with Warner Bros Discovery, comes after the offer was deemed insufficient compared to Amazon’s proposal. TNT Sports expressed its dissatisfaction, stating…