Content Types: EventRegions & Countries: United Arab EmiratesUnited Kingdom...Industries: Banking & Finance
In July 2017, the UK’s Financial Conduct Authority (FCA) announced that LIBOR was coming to an end. Banks will be required to transition away from LIBOR to Alternative Reference Rates (ARRs) based on overnight wholesale deposit rates from the end of 2021. Without any doubt, this transition is one of the largest upheavals of the financial markets in living memory.
Content Types: ArticleRegions & Countries: AustraliaBrunei...Industries: Commodities & Trade Medical & Health
Indonesia – Recent Google mobility reports show that visits to retail and recreation locations are down 12 percent on pre-pandemic levels. Similar contractions are reported for transit stations (–15 percent) and workplaces (–12 percent). Forecasts for Indonesia agree that 2021 will see a weak recovery followed by a firmer recovery in 2022. Retail sales are reported as falling 16.4 percent in the year to February 2021 after an 11.9 percent drop...
COVID-19 has thrust the world into recession, which as a result akin to a domino effect, has led to rapid and accelerated change. Most notably, industries have pivoted online as we hurtle headlong into an increasingly digitalized society. In response to extended lockdowns, society has become more reliant on technology than it has ever been.