The UAE has been rated as one of the leading emerging markets in the world, in a new report. The Agility Emerging Markets Logistics Index ranks the UAE ahead of much larger economies, finishing second overall behind China. 45 nations have been rated across a number of indicators, including logistics, business conditions and infrastructure. The report also found the UAE to have the best combination of transport connection, customs and border administration, out of all the countries on the index.
Formula 1 sponsorship revenue over $2bn in 2024
Formula 1 is hot on the tail of the big dog of professional sports marketing, the NFL, and cleared $2.04 billion in sponsorship revenue in 2024.
India's Modi says he's received invitation for G7 summit in Canada
India's Prime Minister Narendra Modi said he looked forward to meeting his Canadian counterpart Mark Carney during the Group of Seven summit, after the latter invited him to the gathering over a phone call on Friday.
Swiss National Bank denies currency manipulation after being put on US watch list
The Swiss National Bank (SNB) said on Friday it would intervene in foreign currency markets where necessary to keep inflation on track after the US added Switzerland to a list of countries being monitored for unfair currency and trade practices.
US trade deficit narrows sharply in April, imports post record drop
The US trade deficit narrowed sharply in April, with imports decreasing by the most on record as the front-running of goods ahead of tariffs ebbed, which could provide a lift to economic growth this quarter.
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