Saudi Arabia implements reforms to reduce oil dependence, diversify income sources, and enhance competitiveness. The economy is undergoing a remarkable transformation. As shown in the latest IMF annual review, progress has been most notably reflected in non-oil growth, which has accelerated since 2021, averaging 4.8 percent in 2022.
The economic landscape of live music has long been a subject of intrigue and analysis. In recent years, the rise of pop superstar Taylor Swift has shed new light on the industry and its impact on the broader economy. Dubbed "Swiftonomics," this phenomenon explores the intersection of music, consumer spending, and market dynamics.
This summer was more successful for the air carrier Lufthansa than ever before. In the months of July to September 2023, the operating profit was almost 1.5 billion euros, which is 31% higher than a year ago, the group recently declared. The CEO of Lufthansa Carsten Spohr sees the company on track to increase this number to at least EUR 2.6 billion this year. At the same time, the offer of flights is still lower compared to the previous time.
Germany's largest precious metals trading centre is BayernLB's "Sorten- und Edelmetall-Kompetenzzentrum", as it is officially known. It supplies private customers of savings banks, cooperative banks, and private banks throughout Germany.
As the globe swings towards sustainability, the green economic transformation is fast creating new horizons of possible investment opportunities, notably attractive to HNWIs and UHNWIs. Plant-based investments stand out as a viable and morally sound way to build wealth while also ensuring a sustainable future.
China's transformation into a high-tech manufacturing powerhouse has potentially opened up attractive investment opportunities for high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs). The narrative emphasises China's significant export potential while highlighting its expanding manufacturing and technology sectors.
Poland's economic landscape is undergoing a remarkable transformation, relying on the dynamism of its service sector. This industry has steadily changed into the centre of gravity, propelling the nation's financial strength and surpassing the traditional channels of manufacturing and agriculture.
Consumers in the United States seem sceptical that the Federal Reserve's decision to raise interest rates after only 18 months is intended to slow down the world's largest economy. In the third quarter of 2023 (September 2023), the U.S. economy grew at an annual pace of 4.9%, as was reported last week. Another instance of rapid expansion defied gloomy forecasts from analysts.

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