World Business Stars Magazine

World Business Stars Magazine World Business Stars Magazine is a UK based financial and business publication.

A significant rise had been observed in India’s gross Goods and Services Tax (GST) collections for the month of March, a...
17/04/2025

A significant rise had been observed in India’s gross Goods and Services Tax (GST) collections for the month of March, according to an official statement released by the country’s Ministry of Finance on Tuesday. It was indicated that a total of 1.96 trillion rupees (approximately $22.91 billion) had been collected, reflecting a year-on-year increase of 10%. This uptrend had been viewed as a sign of continued economic momentum and improved compliance across the country’s indirect tax system.

Learn about the most recent business news by visiting our website: https://wbsmag.com/

Stay tuned to the channel for a lot more content like this.

A public response was issued on Monday by Monte dei Paschi di Siena (MPS) in defense of its proposed acquisition of Medi...
16/04/2025

A public response was issued on Monday by Monte dei Paschi di Siena (MPS) in defense of its proposed acquisition of Mediobanca, following criticisms raised by a prominent governance advisory firm. It was stated by MPS that the ex*****on risks tied to the deal would be minimal, primarily due to the limited overlap between the two institutions’ business models. This clarification was provided as the bank sought to address doubts surrounding the viability and strategic logic of the transaction.

The critique had been delivered on the preceding Friday by Institutional Shareholder Services (ISS), which had advised MPS shareholders to vote against a proposed share issue necessary to finance the acquisition. That vote had been scheduled for April 17, during the bank’s general meeting. While the governance adviser acknowledged that up to 3.3 billion euros (approximately $3.6 billion) in additional value could potentially be generated by the merger, skepticism had been expressed regarding the feasibility of achieving such gains. The challenges associated with post-merger integration had been cited as a primary concern, along with the differing corporate cultures and operational approaches of the two banks.

Learn about the most recent business news by visiting our website: https://wbsmag.com/

Stay tuned to the channel for a lot more content like this.

It has been announced by Ghana’s central bank that the main interest rate has been increased by 100 basis points to 28%....
15/04/2025

It has been announced by Ghana’s central bank that the main interest rate has been increased by 100 basis points to 28%. This decision, which was made public on Friday, has been attributed to the need for inflation control. It has further been stated that the impact of this adjustment on consumer inflation will be reassessed prior to the next scheduled policy meeting in May.

The rate hike, which had not been widely anticipated by financial analysts, has surprised many observers. A significant number of economists, who had been surveyed earlier in the week, had predicted that the central bank would opt to maintain rates at their previous levels. It had been suggested that such expectations were based on the prevailing economic conditions, which included persistently high inflation and ongoing weaknesses in the foreign exchange market.

Learn about the most recent business news by visiting our website: https://wbsmag.com/

Stay tuned to the channel for a lot more content like this.

A significant contractual agreement has been secured by Wipro, one of India's leading IT services providers, with the Br...
11/04/2025

A significant contractual agreement has been secured by Wipro, one of India's leading IT services providers, with the British insurer Phoenix Group. It has been stated by the company that this agreement, valued at 500 million pounds ($645.4 million), will extend over a period of ten years. This announcement, which has marked the second large-scale deal obtained by Wipro within the current financial year, has been viewed as a strategic advancement for the organization.

Learn about the most recent business news by visiting our website: https://wbsmag.com/

Stay tuned to the channel for a lot more content like this.

It has been indicated by a senior lawmaker that a proposal may soon be introduced by one of Switzerland's major politica...
10/04/2025

It has been indicated by a senior lawmaker that a proposal may soon be introduced by one of Switzerland's major political parties, which would impose restrictions on UBS’s investment banking activities. This proposal is expected to be part of a broader regulatory reform designed to mitigate financial risks within the banking sector. It has been suggested that if the government were to mandate that UBS fully capitalize its foreign units, a legislative plan to cap investment banking operations could be put forward by the right-wing Swiss People's Party (SVP), which currently holds the largest representation in the parliament.

Learn about the most recent business news by visiting our website: https://wbsmag.com/

Stay tuned to the channel for a lot more content like this.

It was conveyed to international investors by Turkey’s Finance Minister Mehmet Şimşek and Central Bank Governor Fatih Ka...
09/04/2025

It was conveyed to international investors by Turkey’s Finance Minister Mehmet Şimşek and Central Bank Governor Fatih Karahan that all necessary measures would be taken to mitigate the market turmoil that had been triggered following the arrest of President Tayyip Erdoğan’s primary political opponent. The reassurance was provided during a conference call held on Tuesday, where confidence in Turkey’s economic resilience was emphasized despite recent political developments.

Learn about the most recent business news by visiting our website: https://wbsmag.com/

Stay tuned to the channel for a lot more content like this.

It has been indicated by sources familiar with the matter that a meeting is scheduled to take place between Turkish Cent...
08/04/2025

It has been indicated by sources familiar with the matter that a meeting is scheduled to take place between Turkish Central Bank Governor Fatih Karahan and board members of Turkey’s Banks Association (TBB) on Sunday. The purpose of this discussion has been described as an assessment of recent market developments, which have significantly impacted Turkey’s financial landscape.

Learn about the most recent business news by visiting our website: https://wbsmag.com/

Stay tuned to the channel for a lot more content like this.

A leadership change has been announced by Citi, with Chris Cox being appointed as the head of Investor Services, a role ...
26/03/2025

A leadership change has been announced by Citi, with Chris Cox being appointed as the head of Investor Services, a role that encompasses the oversight of custody, fund services, and ex*****on services. This development has taken place as part of an extensive restructuring effort within the Wall Street firm, where a significant reorganization of staff and operational structure has been ongoing.

Learn about the most recent business news by visiting our website: https://wbsmag.com/

Stay tuned to the channel for a lot more content like this.

It has been stated by the Bank of Spain that the country's economy is expected to expand by 2.7% in the current year, su...
25/03/2025

It has been stated by the Bank of Spain that the country's economy is expected to expand by 2.7% in the current year, surpassing the 2.5% growth rate that had been projected in the institution’s previous quarterly update. The revision has been attributed to a surge in private consumption, which has been identified as the driving force behind the country's economic resilience. This performance has been noted to contrast with the weaker growth expectations observed across the broader eurozone.

Learn about the most recent business news by visiting our website: https://wbsmag.com/

Stay tuned to the channel for a lot more content like this.

Movements in the British pound were observed on Monday, as it experienced a slight decline against the euro while streng...
21/03/2025

Movements in the British pound were observed on Monday, as it experienced a slight decline against the euro while strengthening against the U.S. dollar. This shift occurred in response to an agreement reached among European leaders on Sunday, in which it had been decided that a peace plan for Ukraine would be formulated and presented to the United States.

It has been anticipated that the euro would derive the most significant benefits from a potential resolution to the ongoing conflict in Ukraine. Meanwhile, the possibility of a notable increase in fiscal spending by Germany has been under consideration. In a separate development, an announcement was made by British Prime Minister Keir Starmer regarding the approval of a £1.6 billion ($2 billion) deal, which would allow Ukraine to acquire 5,000 air-defense missiles through the utilization of export financing.

Learn about the most recent business news by visiting our website: https://wbsmag.com/

Stay tuned to the channel for a lot more content like this.

It has been indicated that iFlyTek, a Chinese artificial intelligence firm, is planning to expand its operations in Euro...
20/03/2025

It has been indicated that iFlyTek, a Chinese artificial intelligence firm, is planning to expand its operations in Europe as trade tensions between the United States and China continue to escalate. The decision to broaden its presence in the European market has been influenced by the ongoing trade war, which has had an impact on the company’s business. This statement was made by Vincent Zhan, the Vice President of iFlyTek, during an interview conducted on the sidelines of the Mobile World Congress in Barcelona.

Learn about the most recent business news by visiting our website: https://wbsmag.com/

Stay tuned to the channel for a lot more content like this.

Efforts to encourage hesitant Chinese consumers to increase their spending have been elevated as a top priority for Beij...
19/03/2025

Efforts to encourage hesitant Chinese consumers to increase their spending have been elevated as a top priority for Beijing in 2025, surpassing previous focuses on technology and industrial production. Lawmakers have been seeking ways to address economic imbalances within the world's second-largest economy, leading to a shift in policy direction.

A report delivered by Chinese Premier Li Qiang during the annual parliamentary session outlined key economic objectives for the year, with a strong emphasis placed on increasing domestic consumption. A "special action plan" had been promised as part of this strategy, with vigorous efforts planned to stimulate demand and ensure that the economy remained on track to achieve its targeted growth rate of approximately 5% in 2025.

Learn about the most recent business news by visiting our website: https://wbsmag.com/

Stay tuned to the channel for a lot more content like this.

Address

71-75 Shelton Street , Covent Garden
London
WC2H9JQ

Website

Alerts

Be the first to know and let us send you an email when World Business Stars Magazine posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to World Business Stars Magazine:

Shortcuts

Share

Category