Lawmakers plan more tax cuts after projected $3 billion budget surplus for 2023 – KSL.com | Vette Leader

The Utah Capitol in Salt Lake City is pictured on September 11th. State legislators are already discussing proposed tax cuts for the 2023 Utah Legislature General Assembly. (Scott G. Winterton, Deseret News) Estimated reading time: 5-6 minutes SALT LAKE CITY – State lawmakers are already planning further cuts in state income taxes after a report … Read more

Economic gloom leaves Sunak doomed indiscriminately – Arab News | Vette Leader

The economic gloom means Sunak’s campaign seems doomed Prime Minister Rishi Sunak and Chancellor Hunt grapple with loss of confidence in Conservative Party (File/AFP) While Chancellor Jeremy Hunt has vowed not to return the UK to the fiscal austerity measures of 2010-2019, he announced £55 billion ($64 billion) of collective tax hikes and spending cuts … Read more

Tanzania: Student Loan Hits Record – AllAfrica – Top Africa News | Vette Leader

Tanzania Higher Learning Institutions Students’ Organization (TAHLISO) has hailed the government for disbursing an additional ⁄84 billion to fund qualified applicants after credits were missed in previous applications. The additional amount means that the Higher Education Students’ Loans Board (HESLB) will issue a total of /- 654 billion this fiscal year (2022/23) instead of the … Read more

FTX, embattled crypto exchange files for bankruptcy – The Associated Press | Vette Leader

NEW YORK (AP) – It took less than a week for FTX from the world’s third-largest cryptocurrency exchange to go to bankruptcy court. The embattled cryptocurrency exchange, worth just under billions of dollars, filed for bankruptcy protection after the exchange experienced the crypto equivalent of a bank run. FTX, hedge fund Alameda Research and dozens … Read more

Sierra Leone: Inside Sierra Leone’s Worrying Debt Situation – AllAfrica – Top Africa News | Vette Leader

While a multitude of concerns point to a landscape of significant difficulty in the coming year, Sierra Leone’s debt burden as a percentage of GDP should be of particular concern to executives and key stakeholders. Sierra Leone is one of the countries with a worrying economic and debt situation. In June 2022, the IMF’s Executive … Read more

Kenya spends 57 cents on every dollar on debt Sustainable? – AllAfrica – Top Africa News | Vette Leader

Kenya’s debt sustainability remains a major concern, not only for the authorities but also for the population, financial institutions and other key stakeholders. Kenya’s economy has made a strong recovery in difficult circumstances amid a global economic downturn and is expected to grow 5.7 percent in 2022. Despite significant setbacks, Kenya’s structural reform strategy, which … Read more

Africa: Time to invest in Africa’s financial literacy – AllAfrica – Top Africa News | Vette Leader

While financial literacy in Africa still has much room for improvement, technology has increased tremendously on the continent, with many on the continent embracing digital transformations. Financial literacy represents the ability to understand key financial concepts in order to make informed decisions about saving, investing and borrowing. While there are some disparities in economic and … Read more

Nigeria’s Debt – Between Acquisition and Borrowing – AllAfrica – Top Africa News | Vette Leader

The Governor of the Central Bank of Nigeria, Mr. Godwin Emefield, struck a fine chord in a quote reported in most daily newspapers yesterday. He clarified issues surrounding CBN’s struggles with the release of trapped funds from foreign airlines operating in the country, making it clear that the matter is one that verges on the … Read more

Saudi Advanced Petrochemical’s profits fall 54% as raw material costs bite – Arab News | Vette Leader

LONDON: The United Arab Emirates and the United Kingdom have global leadership in the development of clean hydrogen through broad collaboration that spans politics, innovation, trade and investment, according to a new report released on Monday. The report is a joint initiative of the World Green Economy Organization and Zest Associates, a UAE-based sustainability consultancy, … Read more

Oil Updates – Crude Dips; Valero awaits more US emergency oil releases – Arab News | Vette Leader

LONDON: The United Arab Emirates and the United Kingdom have global leadership in the development of clean hydrogen through broad collaboration that spans politics, innovation, trade and investment, according to a new report released on Monday. The report is a joint initiative of the World Green Economy Organization and Zest Associates, a UAE-based sustainability consultancy, … Read more