#money-remittances

#money-remittances

Weak performance in several service sectors offset gains in retail and wholesale trade, reinforcing concerns about the pace of economic recovery. Japan relies heavily on oil imports from the Middle East, making it particularly sensitive to disruptions in the region.

Ripple's launch in Brazil includes five products: payments, custody, stablecoins, prime brokerage, and treasury management, marking the first comprehensive offering in one market.

The tensions between the United States and Iran have pushed oil prices higher, raising fears of energy-driven inflation, which helped support both the dollar and Treasury yields. The 10-year yield has climbed to its highest level in roughly two weeks.

A digital nomad visa permits a digital nomad to work remotely in a foreign country. As a result, we now have more freedom to travel the world and live in places we've only ever dreamt of. However, deciding where to move is challenging.

She said she stood in her new kitchen, which had radiant floor heating and a view of the fjord, and cried because the bread smelled wrong. She'd moved from São Paulo for a man she'd met at a data science conference. The apartment was beautiful. The healthcare was extraordinary. The man was kind. And the bread smelled wrong, and that wrongness cracked open something in her she hadn't known was load-bearing.

Consider this snapshot of the near future: You're in a taxi on the other side of the world. You pay your driver with the same digital wallet you use at home, and he receives the money in his wallet linked to the local instant payments network. He's set a rule in his bank app-"send 30% of every payout to my family back home"-and funds are converted immediately to a third currency and delivered to relatives in a country thousands of miles away.

Expanding your startup into Africa is one of the most ambitious and potentially rewarding moves you can make as a founder. With a rapidly digitalising economy and a booming young population, the continent offers a growth trajectory that is hard to find elsewhere. However, as you begin to scale, you will quickly realise that the financial landscape is not a monolith. Navigating 54 different countries means managing dozens of volatile currencies and banking systems.

Global-E posted $220.8 million in revenue, up 25.5% year-over-year, with gross margins at 45.1%. The company generated $13.2 million in net income, but profit margin remained razor-thin at 0.83%. Operating margin reached 7.7%, showing the business model works operationally, but capital efficiency remains a problem. Return on equity sits at just 0.81%, meaning the company barely generates returns on deployed capital. That's the core issue Wall Street keeps circling back to.

As young people bear the brunt of a downturn in the jobs market, figures show a significant number are leaving the UK. Although statisticians caution against comparing annual figures after a recent change in methodology and stress younger people are traditionally more drawn to emigration, a net 111,000 people aged 16 to 34 emigrated from the UK in the year to March 2025, according to the Office for National Statistics.

It's the Workcation Visa loophole, a gray zone hidden within Europe's short-stay visa framework. It's not an official document, but a subtle legal workaround that allows remote professionals to live and work in Europe for months without technically working in Europe. It's the kind of thing travel consultants whisper about, expats use quietly, and immigration lawyers don't exactly advertise. Here's how it works and why European governments aren't eager to promote it.

Every year, workers around the globe send approximately $900 billion to their families back home and, when it comes to helping them send that money, the market is suddenly up for grabs. The reason is the recent momentum behind stablecoins, which offer an easy way to move money across borders-and for a far cheaper price than legacy transfer systems, whose fees can reach as high as 6%.

Almost £162 billion of British exports are at heightened risk because UK firms are shipping goods to markets where collecting payment is most difficult, according to new analysis. Research from Allianz Trade shows that nearly a quarter (24%) of all UK exports are destined for three countries, the United States, China and India, which pose the greatest challenges for debt collection among the UK's top 20 export markets.

However, the Income Tax Act 2023 outlines a more detailed and structured approach, where the taxability of remote work or BPO-related income depends primarily on the taxpayer's residency status and the source of the income. But the key question is: who is a resident taxpayer? According to Section 26 of the Act, the global income of any person classified as a "resident" is subject to tax in Bangladesh, regardless of where that income is earned.

The U.S. dollar's value has fallen 8% over the past year, as the price of gold has skyrocketed, said the WSJ Dollar Index. Some think it is a good thing. President Donald Trump said recently a weaker dollar is great. The idea is a weaker currency boosts exports and employment while a strong currency can throttle an economy. While the idea of a weaker dollar has had supporters over the decades, economists often argue gains can be eaten up by domestic inflation and deflation.

The US dollar traded near multi-week highs on Thursday, supported by stronger-than-expected ISM Services data that helped offset concerns triggered earlier in the week by weak manufacturing figures. The ISM Services PMI rose well above expectations of 52.3 points. The report signalled the strongest expansion in the services sector since October 2024, with all subcomponents back in expansion territory for the first time since February. Notably, the employment index rebounded to 52 from 48.9, easing fears of a sharper labour market slowdown.