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Saudi Aramco will seek to manage rapid industry change

Location:

SAUDI ARABIA

Yet this follows a government directive that the company cancel increases in its maximum sustainable capacity (MSC) of crude oil production from 12 million barrels per day (b/d…

Climate adaptation action to strengthen globally

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INTERNATIONAL

This is likely to be the first indicator of a push to drive adaptation up the political agenda in 2024.

Pro-Bumiputera move will have mixed impact in Malaysia

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MALAYSIA

The initiative is aimed at improving the socio-economic position of ethnic Malay and indigenous people, a sizeable majority in Malaysia. The Barisan Nasional (BN) alliance, led by…

Russian banks will face tougher conditions in 2024

Location:

RUSSIA

Banking sector profitability surged from RUB199bn (USD2.2bn) in 2022 to around RUB3.3tn in 2023. Rising profitability was generated by robust credit expansion, lower loan…

Any recovery from the UK recession will be very modest

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UNITED KINGDOM

Government measures to boost the economy, including tax cuts in November, are having little effect. There is little scope for further stimulus in the March budget. Political…

AI use in the fashion industry will proliferate

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INT

Firms in this sector are deploying AI in functions as diverse as consumer behaviour analysis and product development to supply chain management and marketing. The fashion industry…

AI's promise and pitfalls will affect key domains

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INT

AI promises to drive economic efficiencies across sectors, improve the delivery of critical services such as healthcare, democratise access to knowledge and skills, and tighten…

South Africa faces fiscal reform challenges

Location:

SOUTH AFRICA

However, there are question marks over his ability to deliver on the ambitious spending cuts needed as tax collection falls in a weak economy.

Canberra will be tough on pricing but not on mergers

Location:

AUSTRALIA

Under pressure on cost-of-living issues, Canberra is reviewing competition laws to see what effect market dominance may be having in a handful of major sectors, including banking…

EU faces dilemma over wind energy

Location:

EUROPE

The initiative indicates the degree to which the sector has assumed strategic importance in terms of both energy security and the achievement of climate change targets, although…