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Good news about Finance
Positive stories about Finance, gathered from the newsrooms Rally reads. Every headline links back to the publisher who reported it.
The 100 most recent of 105 stories.
Two economists who transformed crisis management win Nobel Prize
Two economists have been awarded the Nobel Prize for their work helping central banks navigate the 2008 financial crisis. Their research provided tools to stabilize economies during turmoil, offering lasting benefits for global financial resilience. This recognition highlights how rigorous economic thinking can improve crisis management.
Financial Times
Nova Scotia Power files plan to lower financing costs and help reduce future rate increases
Nova Scotia Power has proposed a new financing plan to lower borrowing costs and spread repayment over 30 years. If approved, this would ease pressure on customer rates, helping households and businesses manage electricity costs. The change reflects efforts to adapt the province’s electricity system while keeping bills more affordable.
Financial Post
African Union launches continent’s first credit rating agency to counter what it says is bias inflating borrowing costs
The African Union has launched the continent’s first credit rating agency, AfCRA, to challenge the dominance of the Big Three firms. African leaders say these agencies inflate borrowing costs by overstating risk, and AfCRA aims to offer a fairer alternative. This could help lower financing hurdles for African nations.
El País (English)
Medical debt is crushing hospital patients in LA. Health officials may have a fix
Los Angeles County is introducing a new system to screen hospital patients for financial aid, helping prevent hundreds of thousands from receiving unaffordable medical bills. This could ease the burden of medical debt for many low-income residents, offering them much-needed relief.
NPR
Ukraine receives additional €1.24B from EU for priority defense needs under support loan
Ukraine has received €1.24 billion from the EU to strengthen its defense, funding Ukrainian-made drones, interceptors, and missiles. The support loan will help bolster the country’s ability to protect itself. This timely aid underscores the EU’s commitment to Ukraine’s security.
NV
We're saving £100 a month into pensions for our toddler and baby - here's why
More parents are starting pensions for their young children, helping them build long-term savings. This forward-thinking approach ensures financial security for the future, offering peace of mind and a solid foundation for their kids.
BBC News
Ukraine secures 50 million euros for compensation for homes destroyed in war, PM Koretskyi says
Ukraine has secured 50 million euros in aid from the Council of Europe Development Bank and Italy to help people rebuild homes destroyed by Russia’s invasion. The funding will provide much-needed compensation to those who have lost their homes, offering a step toward recovery. It’s a vital sign of international support for Ukraine’s resilience.
NV
Gen Alpha kids are earning money. Here's how parents can help them save and invest
Gen Alpha kids are earning and spending their own money, giving parents a chance to teach them smart financial habits. Tools like savings and investing can help them build a secure future. It’s a great opportunity to set them up for lifelong financial success.
CNBC
Weave Community Capital Fund Announces $7.5 Million First Close
Weave Community Capital Fund has raised $7.5 million from over 15 investors, marking a key step toward making social impact investing more accessible. The fund aims to shift power toward community-led initiatives, ensuring resources support the people who need them most. This milestone reflects growing support for equitable and inclusive investment models.
Financial Post
No more card surcharges from today
From today, businesses can no longer charge extra fees for credit or debit card payments. This change helps shoppers by making prices clearer and more transparent. It’s a small but meaningful step toward fairer transactions for everyone.
The Sydney Morning Herald
Over 1 million S’porean HDB households to get S&CC, double U-Save rebates in October
More than a million Singaporean HDB households will receive automatic rebates for utilities and service and conservancy charges, easing their living costs. The double U-Save rebates and S&CC support will be credited directly to eligible accounts, providing direct financial relief. This boost helps families manage essential expenses with greater ease.
The Straits Times
Education Department extends deadline for student loan interest rate discount
The Trump administration has extended the deadline for federal student loan borrowers to sign up for autopay and receive a 1 percentage point reduction in their interest rate. This gives more borrowers a chance to save money on their loans. The change helps those who may have missed the original deadline.
CNBC
Follow the money — how digital banking records are transforming accountability in SA
Digital banking records are helping uncover corruption in South Africa, as shown by the Madlanga Commission. These electronic trails could lead to faster prosecutions and stronger reforms, offering hope for greater accountability. The shift to digital money trails marks a step toward cleaner governance.
Daily Maverick
HOMEGROWN SOLUTIONS: Deserving Africa wants its climate funding
Africa is developing its own solutions to combat climate challenges, offering hope amid rising temperatures and erratic rainfall. These homegrown fixes demonstrate resilience and innovation, reinforcing the continent’s case for fair climate funding. The progress highlights a proactive approach to adaptation and mitigation.
Daily Maverick
T.N. government steps up support for enterprises headed by women
The Tamil Nadu government has expanded financial support for women-led businesses through a new loan scheme, offering access to capital from ₹10 lakh to ₹5 crore. This initiative helps women entrepreneurs grow their enterprises, fostering economic independence and opportunity. It’s a meaningful step toward greater inclusion in the business world.
The Hindu
Tomorrow's Infrastructure: AIIB Raises Its Development Ambitions for a Second Decade
The Asian Infrastructure Investment Bank is expanding its focus on climate-friendly, resilient infrastructure by leveraging public funds to attract private investment. This approach helps bridge the massive funding gap for Asia’s infrastructure needs, turning plans into viable projects. The strategy ensures more sustainable development while mobilizing capital efficiently.
Euronews
Over 5,600 Muslim households receive $2.2 million in cost-of-living support
Funded by zakat contributions, the payout complements MUIS’ monthly zakat financial assistance and the Government’s broader cost-of-living support measures.
The Straits Times
FAFSA opens early: Why families should apply for college aid now
The FAFSA application for 2027-28 is now open earlier than expected, giving students and families a head start on securing financial aid. Experts say this could help more students access the assistance they need. The sooner families apply, the better their chances of getting support.
CNBC
Blue bonds: India’s new ocean of finance
SEBI has recognised blue bonds as part of sustainable finance instruments and highlighted their potential for the country’s blue economy
The Hindu
EFCC urges LGA chairpersons to ensure increased allocations benefit Nigerians
Local government chairpersons are being urged to use increased allocations to improve services for residents. The call from the EFCC chairman highlights a push for transparency and better outcomes at the grassroots level. This could mean more resources reaching the people who need them most.
Premium Times
VA Benefits—Tens of Thousands of Veterans to Get Financial Boost Under Bill
A new House bill would let combat-injured veterans receive both military retirement pay and VA disability benefits at the same time, boosting their compensation. Tens of thousands of veterans stand to benefit from this change, easing financial pressures. This is a meaningful step toward honoring those who served.
Newsweek
From Commitments to Action: Africa Social Impact Summit takes Africa’s financing agenda to UNGA 2026
The Africa Social Impact Summit is bringing its call for action to the United Nations General Assembly, building on momentum from its Lagos event. This step could help advance Africa’s financing agenda on a global stage, turning commitments into tangible progress. The move highlights growing international collaboration for social impact in Africa.
Premium Times
Within minutes: How quickly a scam site can be taken down under newly formed Cyber Command
Singapore’s newly formed Cyber Command can now take down scam sites within minutes, offering faster protection for victims. This swift action helps reduce financial losses, which have reached billions since 2019. It’s a significant step in fighting fraud and safeguarding people’s money.
The Straits Times
'African risk premium': AU launches own credit rating agency [Business Africa]
The African Union has launched its own credit rating agency to address high borrowing costs faced by African countries. This initiative aims to improve access to international capital by providing a more favorable assessment of creditworthiness. It represents a significant step towards empowering nations in managing their debt and financial futures.
Africanews
Nigeria’s Financial Exclusion Falls to 21% — Report
Nigeria’s financial inclusion is improving, with fewer people now excluded from formal financial services. The progress particularly benefits those with lower economic resources, though challenges remain. This marks a step toward greater economic participation for more Nigerians.
Premium Times
US makes major wartime bet on Ukraine’s largest private energy company with $85 million investment
Ukraine’s largest private energy firm, DTEK, has secured vital funding to enhance battery storage capabilities through an $85 million loan. This investment will help ensure a more reliable energy supply amidst ongoing challenges presented by the conflict, underscoring a commitment to supporting energy infrastructure during critical times. It reflects a proactive approach to safeguarding essential resources for the Ukrainian people.
Kyiv Independent
BUILDING A NATION: State development finance institutions push for bright post-austerity future
The Development Bank of Southern Africa and the Industrial Development Corporation are experiencing differing outcomes, yet the outlook for economic development in South Africa remains positive. This contrast signals a potential for growth, which can support communities and pave the way for recovery in the post-austerity landscape.
Daily Maverick
Ukraine to receive $841 million from World Bank amid budget deficit
Ukraine will receive substantial budget support from the World Bank, which will help reimburse pension payments. This funding is crucial in addressing the country's budget deficit and ensuring that citizens receive the financial support they need during challenging times.
Kyiv Independent
Pakistan calls for unified global framework for digital assets
Pakistan is pushing for global cooperation to create rules for digital assets, aiming to shape the future of international finance. This could help countries work together to build a fairer, more stable system. It’s a step toward reducing risks and ensuring everyone benefits from new financial technologies.
Dawn
NFIU, patners seek financial intelligence sharing collaboration framework
Financial regulators and industry actors in Nigeria are working together to create a framework for sharing financial intelligence. This collaboration aims to strengthen oversight and transparency in the financial system. The effort could help prevent fraud and improve economic stability.
Premium Times
Tinubu, CIBN task banks on financing real economy, improving living standards
President Bola Tinubu and the Chartered Institute of Bankers of Nigeria are urging banks to boost financing for the real economy, aiming to lower living costs and create more jobs. This push could help turn Nigeria’s economic improvements into tangible benefits for households, ensuring broader prosperity.
Business Day
Sunbeth Redeems N25.1bn Commercial Paper, Reinforces Investor Confidence in Agro-Export Growth
Sunbeth Global Concepts has redeemed its ₦25.1 billion commercial paper, demonstrating financial strength and boosting investor confidence in Nigeria’s agro-export sector. The move highlights the growing role of structured financing in supporting agricultural growth. This success underscores the sector’s potential for sustainable expansion.
Business Day
Ant Group Open-Sources Ling-3.0-flash-Fin for Real-World Financial Workflows
SHANGHAI — Ant Group today announced the open-sourcing of Ling-3.0-flash-Fin at the 2026 Inclusion·Conference on the Bund. Grounded in actual business needs as an open model for real-world financial workflows, this release continues Ant Group’s exploration of bringing AI into practical s
Financial Post
Tinubu urges banks to turn recapitalisation into jobs, production
President Tinubu has urged banks to prioritize lending to businesses and productive sectors over government financing. This shift could boost investment, production, and job creation, offering real economic benefits. The move highlights a commitment to fostering growth and opportunity.
Premium Times
Financing Africa’s future: From funding development to financing transformation
Africa is tackling the challenge of financing its ambitious goals for development and transformation, from infrastructure to climate resilience. By addressing the significant funding gap, the continent can turn its plans into reality, benefiting millions. This shift toward sustainable financing is a crucial step forward.
Business Day
Naira gains as external reserves surpass $54bn mark
The naira strengthened slightly in the official market as Nigeria’s foreign reserves topped $54 billion, a sign of growing liquidity. This could ease currency pressures and support economic stability. The change reflects improved conditions for businesses and individuals relying on foreign exchange.
Business Day
Karnataka High Court orders tech-driven overhaul to manage finance and assets of temples
The Karnataka High Court has ordered a tech-driven overhaul to improve financial transparency and prevent mismanagement in state-run temples. This move will help ensure better accountability and protect the assets of these religious institutions. The reforms mark a step toward more responsible stewardship of temple finances.
The Hindu
Benue makes learners insurance priority as schools resume amid strict rules
Benue State is ensuring student safety by making learner insurance mandatory for all schools, easing financial stress on parents. The policy, administered through NICON Insurance, protects pupils and supports families during the new academic year. It’s a practical step toward safeguarding education and well-being.
Business Day
Fitch upgrades Portugal's rating to A+ and says outlook is "stable"
Fitch has raised Portugal’s debt rating from "A" to "A+," signaling growing confidence in the country’s economy. The upgrade reflects a stable outlook, aligning with positive assessments from other agencies and investors. This boost can help Portugal secure better borrowing terms and attract more investment.
Euronews
Bond revival
Pakistan has secured a record $3 billion in international investment, its largest capital market transaction to date. The strong demand, with nearly $6 billion in orders, reflects confidence in the country’s economic prospects. This funding will support growth and stability, benefiting businesses and communities.
Dawn
Africa food systems forum: Putting capital where It matters {Business Africa}
The Africa Food Systems Forum in Kigali is tackling how to turn agricultural commitments into real financing for small businesses. Meanwhile, Kinshasa’s revived commuter train is easing congestion in one of Africa’s busiest cities. Both efforts aim to improve lives through practical solutions.
Africanews
Joint operation by police, crypto exchanges stops scam victims from losing almost $9 million
A joint operation by police and crypto exchanges helped over 355 scam victims avoid losing nearly $9 million in July and August. By working together, authorities prevented significant financial harm, showing how collaboration can protect people from fraud. This effort highlights a proactive approach to safeguarding vulnerable individuals.
The Straits Times
Pakistan pushes ADB for more funding
Pakistan is asking the Asian Development Bank for more funding to support public-private partnerships, including a major railway project. This could help boost infrastructure and economic growth. The move highlights efforts to secure international support for key development initiatives.
Dawn
India’s economy expands 7.8% in fiscal first quarter, beating estimates
India’s economy grew 7.8% in the first quarter, exceeding expectations. The boost came from strong performance in financial, real estate, IT, and professional services, key sectors for jobs and growth. This marks a positive step for businesses and workers in those industries.
CNBC
Law Ministry to impose 3-day cooling-off period for loans taken from licensed moneylenders
A new three-day cooling-off period for unsecured loans from licensed moneylenders starts next month, giving borrowers more time to reconsider their financial decisions. This change aims to protect consumers from impulsive borrowing and helps ensure they make informed choices.
The Straits Times
Central Development Working Party clears five projects worth over Rs60 billion
Pakistan has approved five major development projects worth over Rs60 billion, including a water scheme for Gwadar and a neighbourhood project in Karachi. The plans also cover a medical college in Gilgit, a campus for the National Defence University, and a road in Orakzai. These initiatives aim to improve infrastructure and public services across the country.
Dawn
COP17 in Mongolia wraps up with 1.3 billion dollars of Green Investment Pledge
A major global effort to combat desertification has secured $1.3 billion in green investments for projects across 23 countries. The funding, agreed by governments and private investors, will support environmental initiatives on five continents. This marks a significant step toward sustainable land management and climate resilience.
Euronews
Households could save up to £173 a year by switching to fixed energy deal
Households can reduce their energy bills by switching to a fixed deal, softening the impact of upcoming price rises. This simple move offers a practical way to save money and ease financial pressure. It’s a small step that makes a meaningful difference.
The Guardian
SECP introduces unified framework for 'faster and easier' entry into Pakistan's capital market
The Securities and Exchange Commission of Pakistan has launched a digital framework to streamline investor onboarding, cutting repetitive checks and simplifying paperwork. The changes aim to make entering the capital market quicker and more accessible, benefiting both new and existing investors. Clearer timelines and reduced bureaucracy should encourage broader participation.
Dawn
DORMANT FUNDS: Treasury proposes central administrator for R88.6bn in unclaimed assets
South Africa is taking steps to manage R88.6 billion in unclaimed assets by creating a central administrator. This could help people reclaim lost funds more easily, though with a time limit. The move aims to ensure these resources are put to good use.
Daily Maverick
Capital F closes $17M debut fund with goal to back the future of the ‘female economy’
Capital F, an all-female-led venture capital firm, has closed its $17 million debut fund to support companies in the "female economy," where women drive demand. This investment will help businesses targeting markets shaped by women's needs, fostering growth in areas often overlooked by traditional funding. It’s a step toward greater equity in venture capital.
TechCrunch
‘We have to listen a lot and be patient’: OCBC Bank officer doubles up as anti-scam adviser
An OCBC Bank officer is using her role to help elderly customers avoid scams by encouraging open communication and patience. By sharing her expertise, she’s making banking safer for those most at risk. This thoughtful approach could prevent financial harm and build trust in the community.
The Straits Times
FINANCIAL WELLNESS COACH: How to plan for your pets’ care after your death
Planning for your pets’ future care after your death can bring peace of mind. This guide helps pet owners choose a caregiver, update their will, and set aside funds to ensure their pets are looked after. It’s a practical way to protect those who depend on you.
Daily Maverick
Moody's lifts Pakistan sovereign rating to B3 from Caa1, cites improved governance and easing of external risk
Moody’s has upgraded Pakistan’s credit rating, citing stronger governance and reduced risks. The move reflects growing confidence in the country’s economic stability, which could help attract investment and support growth. This is a positive step for Pakistan’s financial future.
Dawn
UK productivity growing faster than official figures suggest, thinktank finds
The Resolution Foundation’s analysis suggests UK productivity is improving faster than official data shows, offering a brighter picture of economic health. This revision could help policymakers and businesses make more informed decisions, boosting confidence in the economy’s potential.
The Guardian
Australia’s first home buyers are still taking out loans as property investors step back, data shows
First-time buyers are the only group applying for more home loans as investors pull back, despite rising interest rates and tax changes. This shift helps new entrants access the market while easing pressure on housing demand. It’s a rare bright spot in a challenging time for property.
The Guardian
Germans could save over €12,000 by ditching gas boiler for solar, battery and heat pump – analysis
Switching from gas boilers to solar, batteries, and heat pumps could save German households thousands of euros over time, even with upfront costs. The shift to electrified homes offers long-term financial benefits while reducing reliance on fossil fuels. This is good news for those looking to cut energy bills and carbon footprints.
Euronews
BULK SAVINGS: How one food stokvel helps 45 North West families fight hunger
In Tsetse Village, 45 families are fighting hunger by pooling their money to buy groceries and essentials in bulk. Led by three neighbours, the Reabetswe Food Stokvel helps households stretch their budgets and access affordable supplies. It’s a simple, powerful way to share resources and ease financial pressure.
Daily Maverick
ECB unveils new banknote designs with a defiant message: Don't count cash out yet
The European Central Bank is introducing new euro banknotes with updated designs and security features, making them more practical and relatable. The changes reinforce the ECB’s commitment to keeping cash accessible despite the rise of digital payments. This ensures people can continue using physical money with confidence.
Euronews
‘Your Excel Skills Suck’: The Power Users Turning Spreadsheets Into a Spectator Sport
Data and finance professionals are turning Excel into a competitive sport, showcasing their skills in obstacle courses and building large followings. This keeps the program relevant and helps users master its complex features. It’s a fun way to celebrate expertise and make spreadsheet work more engaging.
Wired
SPENDING AND SAVING: Gen Zs and millennials are taking a different path to wealth
Younger South Africans are investing more actively, with those under 40 driving a majority of inflows to platforms like SatrixNOW. This shift signals a growing focus on long-term financial growth despite economic challenges. It’s a promising sign for a generation building wealth through smarter money habits.
Daily Maverick
FINANCE WELLNESS COACH: Three principles to guide smart investment decisions
Smart investing starts with clear goals, tax-efficient strategies, and measured risk. This practical advice helps individuals grow their money with confidence, avoiding unnecessary fees and panic. A thoughtful approach makes financial wellness more accessible.
Daily Maverick
[Finterest] Concentrix rolls out matched PERA for employees. Is it time to start yours?
Concentrix is offering its employees a matched Personal Equity and Retirement Account (PERA), a tax-advantaged retirement savings program. This move makes it easier for workers to start investing for the future. It’s a smart step toward financial security for thousands of employees.
Rappler
Relief for families struggling with skyrocketing power prices
An Australian inventor has created an AI tool to help families reduce their power bills. The solution offers much-needed relief for households struggling with rising energy costs. It’s a practical step toward easing financial pressure for many.
The Sydney Morning Herald
Mexico expands anti‑money laundering oversight with tighter controls on crypto, casinos and real estate
Mexico is tightening anti-money laundering rules to track illicit funds in crypto, real estate, and luxury goods. The reforms require stricter checks from nonbank lenders, art dealers, and crypto wallets. This move helps protect the financial system and makes it harder for criminals to exploit these sectors.
El País (English)
Remittances rise 13pc to $3.6bn in July
Overseas Pakistanis sent 13% more money in July, reaching $3.6 billion, meeting government expectations and supporting families back home. This growth from the previous month is a positive sign for the economy and those relying on these vital funds.
Dawn
Australia’s falling house prices are actually a good thing for mortgage holders. Here’s why
Australia’s falling house prices are easing the burden on mortgage holders, as the Reserve Bank’s governor has noted. Lower prices mean more affordable housing and less financial strain for those with loans. This shift could help stabilize the market while benefiting homeowners.
The Guardian
From birth to brokerage: Why South Korea is seeing a surge in infant investment accounts
South Korean parents are opening investment accounts for their babies to help them build long-term wealth. This proactive approach gives children a financial head start, setting them up for a more secure future. It’s a smart way to nurture financial literacy from the very beginning.
CNBC
Google Wallet now lets parents set up secure balances for their kids
The tech giant says the new feature will allow parents to teach their kids healthy financial habits while maintaining oversight over their child's spending with built-in safeguards.
TechCrunch
Decoding Nigeria’s crypto shift and transforming diaspora cash into capital {Business Africa}
Nigeria’s new Virtual Asset Council aims to bring structure to its growing crypto market, boosting transparency and investor confidence. By reshaping cross-border payments, it could help turn diaspora remittances into long-term investments, supporting Africa’s digital economy. The move balances innovation with consumer protection, offering a promising model for the continent.
Africanews
Mining overhaul could raise $883 million for Mali projects
Mali’s mining reforms could generate $883 million to fund energy, water, and transport projects, according to the finance minister. The changes aim to boost investment in critical infrastructure, offering a path to long-term development. This is a step toward improving living conditions for many people in the country.
Africanews
The cost of being single – and how friends are teaming up to beat it
Singles often face higher costs for housing, bills, and travel, but creative solutions like teaming up with friends can help. This approach makes essentials more affordable, easing financial pressure and keeping dreams like homeownership within reach. It’s a practical way to turn a challenge into a shared opportunity.
BBC News
SBP caps bank charges on digital sales of petroleum products to minimise burden on fuel stations
The State Bank of Pakistan has limited bank fees on digital payments for petroleum products, easing costs for fuel stations. This move supports both dealers and the shift to cashless transactions, making fuel sales more affordable and convenient.
Dawn
Apple Pay officially launches in the Philippines
Apple Pay has launched in the Philippines, letting users make contactless payments with supported iPhones and other Apple devices. This makes transactions easier and more secure for Filipino customers. It’s a step forward for digital payments in the country.
Rappler
Forgot to top up? GCash users can soon pay QR purchases with linked Visa cards
Once launched, GCash users can scan a merchant's QR code and pay directly with their linked Visa debit or credit card without having to draw form their wallet balance
Rappler
IMF completes reviews in Egypt unlocking $1.8 billion
The IMF’s completed reviews allow Egypt to access $1.8 billion, supporting its economic reforms. The prime minister called it a vote of confidence in the country’s progress. This funding will help strengthen Egypt’s financial stability and growth.
Africanews
450,000 defrauded student loan borrowers are eligible for debt forgiveness — here's who qualifies
A $23 billion settlement with the U.S. Department of Education will cancel student loan debt for 450,000 borrowers who were defrauded. The relief comes as part of a class-action agreement, offering financial freedom to those affected. This marks a significant step toward addressing past wrongs in student lending.
CNBC
Opening a bank account is now easier for National ID holders
Millions of Filipinos can now open a bank account more easily by using their National ID details and a live selfie. Banks linking to the government’s database simplify the process, reducing paperwork and making financial services more accessible. This step forward helps more people join the formal banking system.
Rappler
InstaPay raises transfer limit to P500,000 for real-time business payments
InstaPay for Business is available through PNB, GoTyme, RCBC, Wise, and DCPay, though industry officials say all major banks have already signified interest to participate
Rappler
‘Dodged a bullet’: inflation eases to 3.8%, reducing chances of interest rate rise for Australia’s mortgage holders
Inflation in Australia has dropped to 3.8%, easing pressure on the Reserve Bank to raise interest rates. This brings relief to mortgage-holders, who now face lower chances of higher repayments. The news offers a welcome break for households managing rising living costs.
The Guardian
Unexpected drop in inflation squashes rate rise fears
Prices are rising more slowly than expected, reducing the chance of an interest rate hike in August. This gives households and businesses a break from higher borrowing costs. The unexpected drop in inflation is a relief for those feeling the pinch of rising expenses.
The Sydney Morning Herald
Living at home in your 20s used to be taboo. Now it’s a financial lifeline
Living at home in your 20s is no longer seen as taboo but as a smart financial move. It helps young adults save money and build security, as support from family extends beyond just finances to housing. This shift reflects how changing economic realities are reshaping traditional expectations in meaningful ways.
The Sydney Morning Herald
4 generations, 6 different visions of the American Dream: 'I'm optimistic because of our resilience'
Four generations shared their diverse visions of the American Dream, showing how personal values shape success and happiness. Their insights highlight resilience as a key to optimism in an ever-changing society. The conversation offers a hopeful look at what unity and individuality can achieve together.
CNBC
Uzbek economy grows 8.5% as services and investment expand
Uzbekistan's economy grew 8.5% in the first half of 2026, driven by rising investment and exports. Credit rating agencies upgraded the country's outlook, signaling stronger financial stability. This growth reflects expanding services and investment, benefiting businesses and the broader economy.
Euronews
WATCH: No more InstaPay transfer fees? Here’s what changed.
Banks in the Philippines have lowered or eliminated InstaPay transfer fees, saving customers money on digital transactions. The change could encourage more people to use convenient, fee-free payments. It’s a welcome step toward more affordable financial services.
Rappler
African Trade: Bringing AfCFTA Closer to Local Businesses {Business Africa}
The ITC and Equity Group are expanding trade finance and business support for African entrepreneurs, especially young owners, to help them access the AfCFTA’s opportunities. By improving market intelligence and reducing financial barriers, this partnership aims to bridge the gap between the trade agreement’s goals and the realities small businesses face.
Africanews
Finance minister reviews Pakistan's macroeconomic performance in meeting with IMF officials
Pakistan’s finance minister met with IMF officials to review the country’s progress under their economic program. This step could help secure continued support, offering stability for Pakistan’s economy. The discussions signal a constructive effort to strengthen financial cooperation.
Dawn
US treasury secretary welcomes Pakistan’s economic reforms, return to capital markets
US Treasury Secretary Scott Bessent met Finance Minister Muhammad Aurangzeb a day earlier and welcomed Pakistan’s progress in implementing economic reforms and laying the groundwork for a return to international capital markets, the Treasury said in a statement on Wednesday.
Dawn
S&P Global Ratings upgrades Pakistan's sovereign credit rating to 'B'
S&P Global Ratings has upgraded Pakistan’s credit rating to ‘B’ from ‘B-’, reflecting stronger economic stability and a better external position. The move signals growing confidence in the country’s financial health, which could help attract investment and support growth. This is a positive step toward long-term economic recovery.
Dawn
South Africa signs $1.5bn World Bank loan for infrastructure development
It will help the country confront challenges in electricity supply, freight transport, and water and sanitation services that have long constrained economic growth
Africanews
Ukraine passes IMF's first review of new $15 billion program
Ukraine has received approval for the next $690 million loan tranche from the IMF, despite missing some program targets. The IMF praised Ukraine’s overall performance, calling it "broadly satisfactory." This funding will support the country’s economic recovery amid ongoing challenges.
Kyiv Independent
CJP-led body decides to recommend constitutional tweak to govt for establishment of international commercial court
The Law and Justice Commission of Pakistan has recommended a constitutional amendment to establish an International Commercial Court, which could streamline dispute resolution for businesses. This step aims to improve legal efficiency and attract investment, offering a clearer path for commercial cases. The move signals progress toward modernizing Pakistan’s judicial system.
Dawn
Scam victims can owe taxes on stolen money. A bill in Congress could offer relief
A new bill aims to help fraud victims by restoring a tax deduction for stolen money and adding other relief. Before 2018, victims could deduct theft losses, easing their financial burden. This change could make a meaningful difference for those recovering from scams.
CNBC
Bank of England to stop accepting bonds linked to coal for key loans
Campaigners hope move will force commercial banks to rethink holding assets linked to the fossil fuel
The Guardian
NSFAS recovery hinges on reform, not selective leaks and false narratives
The new NSFAS administrator has a clear mandate to stabilise the institution, improve governance, and modernise systems. With full ministerial support, this reform aims to strengthen financial controls and better serve students. It’s a step toward sustainable, effective management that benefits learners and the system as a whole.
Daily Maverick
No deposit, no problem: the new 100% mortgages for first-time buyers
Banks and building societies are easing affordability rules and offering more flexible mortgage products, including 100% mortgages, to help first-time buyers who struggle with large deposits. This creative approach makes homeownership more accessible, offering a brighter path for those priced out of the market.
The Guardian
42% of adults rely on their parents for financial support—there are no 'bad guys' here, says financial therapist
Parents can help their adult children by easing financial stress or supporting long-term goals, according to a financial therapist. The study highlights how common this support is, with many Gen Zers, millennials, and even some Gen Xers relying on it. This practical approach benefits families by fostering stability and progress.
CNBC
Buy Now Pay Later rules to bring refunds and rejections
New rules mean Buy Now Pay Later lenders must be authorised, giving shoppers stronger rights. Some loans may be refused, but consumers will get better protection. This is good news for anyone using these services.
BBC News
PM Shehbaz directs remittances from abroad be fully digitised
Pakistan is moving toward a cashless economy by digitising remittances from abroad. This shift will make transactions easier and more secure for those sending money home. It’s a step toward a more modern and efficient financial system.
Dawn
US inflation fell more than expected to 3.5% in June as petrol prices tumbled
Traders rein in bets on Fed rate rises as easing energy costs help tame price surges spurred by Middle East war
Financial Times
