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IOL News
11-07-2025
- Business
- IOL News
SA hit harder by US tariffs than rivals, amplifying export blow
South Africa risks a multiplier effect on export volumes to the US, given that the recently imposed 30% tariff is higher than that of rival exporters, making local products less competitive in the American market. Lawrence Edwards, professor at the University of Cape Town's School of Economics, has warned that the most serious threat posed by new US tariffs on South African exports lies not just in their size, but in how they stack up against duties imposed on competitors. Earlier this week on Monday, US President Donald Trump announced tariffs of 30% on South African goods with the exception of precious metals. According to UCT's analysis, the 30% reciprocal tariff places South Africa at the upper end of affected countries when compared with its competitors. 'This could lead to US consumers buying competitors' products, which amplifies the negative effects of the tariffs in South Africa,' Edwards said. He estimates that the duties could affect around R2.3 billion in local exports. Aiste Bijune, consultant for Economies and Consumers at Euromonitor International, has said that the tariffs 'will raise the cost of South African goods in the US, likely dampening US consumer demand on imports and reducing their export volumes'. Donald MacKay, CEO of XA Global Trade Advisors, said tariffs already in place – and those expected – affect about 1.3% of South Africa's gross domestic product (GDP). 'That doesn't mean it's going to move the GDP down by 1.3%, but that is the portion of our GDP that has the potential to shift,' he explained during a webinar on Friday.
Scottish Sun
30-06-2025
- Business
- Scottish Sun
The 6 money habits that could warn of dementia a decade before a diagnosis
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) KEY money habits could provide clues that someone is experiencing cognitive decline - up to 10 years before a dementia diagnosis. Frequently losing bank cards or requesting PIN resets could serve as early signals of the memory-robbing disease, researchers said. 1 Frequently losing cards and requesting PIN resets could be early signs of cognitive decline Credit: Getty A study from University of Nottingham's School of Economics suggests that routine banking data could be used to flag dementia years before it is diagnosed. Early detection of dementia through financial behaviours could help support vulnerable people, researchers added. When a person starts to have problems with their memory and thinking, this is called mild cognitive impairment. For some people, these issues can be early signs of a disease that will eventually cause dementia. The research team - led by Professor John Gathergood from the University of Nottingham and David Leake at Lloyds Banking Group - examined anonymised banking records from more than 66,000 people. They also compared data from 16,742 people who were registered for power of attorney (PoA) due to a loss of financial capacity with a group of 50,226 individuals of the same age who had recorded no loss in capacity. PoA is a legal mechanism that allows someone to appoint another person to make financial decisions on their behalf if they lose mental capacity. "Alzheimer's disease and related dementias is considered the single biggest cause of mental incapacity among older adults," study authors wrote in JAMA Network Open. The study found that people with cognitive decline start to show small but significant changes in their banking behaviour. These include being more likely to lose bank cards, request new PINs and report fraud. Five simple tests that could indicate dementia Spending less money on travel and hobbies like gardening, logging into online banking less and increasing household bills were also red flags. Specifically, researchers found that people who registered for PoA were 9.6 per cent less likely to spend money on travel five years before doing so. They were also 7.9 per cent less likely to splurge on hobbies such as gardening. Researchers said cognitive decline could be prompt people to fewer activities outside their homes and spend more money on their home life. On average, they logged into online banking one fewer time each month and they were more likely to report fraud, lose cards, and request PIN resets. This suggested that people who eventually lost financial capacity were "gradually losing the ability to monitor their finances, which in turn increased the likelihood of unwanted transactions going unnoticed", researchers suggested. The changes occurred up to a decade before people were formally identified as lacking financial capacity, they went on. Prof Gathergood explained: 'These patterns provide the first large-scale evidence that behavioural data held by financial institutions can reveal the early emergence of cognitive decline. Is it ageing or dementia? Dementia - the most common form of which is Alzheimer's - comes on slowly over time. As the disease progresses, symptoms can become more severe. But at the beginning, the symptoms can be subtle or mistaken for normal memory issues related to ageing. The US National Institute on Aging gives some examples of what is considered normal forgetfulness in old age, and dementia disease. You can refer to these above. For example, it is normal for an ageing person to forget which word to use from time-to-time, but difficulting having conversation would be more indicative of dementia. Katie Puckering, Head of Alzheimer's Research UK's Information Services team, previously told The Sun: 'We quite commonly as humans put our car keys somewhere out of the ordinary and it takes longer for us to find them. 'As you get older, it takes longer for you to recall, or you really have to think; What was I doing? Where was I? What distracted me? Was it that I had to let the dog out? And then you find the keys by the back door. 'That process of retrieving the information is just a bit slower in people as they age. 'In dementia, someone may not be able to recall that information and what they did when they came into the house. 'What may also happen is they might put it somewhere it really doesn't belong. For example, rather than putting the milk back in the fridge, they put the kettle in the fridge.' 'It is a powerful demonstration of how anonymised banking data can be used responsibly to protect the most vulnerable members of society.' In the UK, more than a million people aged 65 years or older have some form of dementia. This number is expected to surpass 1.4 million by 2040. Researchers said banking data - which is already collected by banks - may be used to screen for early signs of dementia or cognitive difficulties in the future. "In addition to highlighting the financial vulnerability associated with losing financial capacity, this study illustrates how granular financial data can help us understand how declining financial capacity manifests in everyday behaviours," they said. "In contrast to biomarkers [biological clues in the blood or tissues], cognitive and functional measures, such behavioural financial data, are already stored in large volumes by financial institutions, which have a direct interest in protecting vulnerable customers. "If data privacy and individual consent considerations allow, combining these data sources could provide valuable insights into how behavioural markers vary across specific conditions (eg, Alzheimer's disease vs frontotemporal dementia). "Such insights may inform the development of screening strategies." Prof Gathergood added: 'As a society, we need to better support people at risk of losing financial capacity – long before the signs become obvious to friends or family. "Early detection through financial behaviour may be a key part of that solution. 'By better understanding behavioural markers of declining capacity, banks can explore how to strengthen safeguards for customers.'
India.com
24-06-2025
- Business
- India.com
NMIMS NPAT Result 2025 OUT At npat.nmims.edu- Check Direct Link,Other Details Here
NMIMS NPAT Result 2025: Narsee Monjee Institute of Management Studies (NMIMS) has officially declared the results for National Test for Programs After Twelfth (NPAT) 2025 today, i.e. 24th June, 2025. All the candidates who have appeared for the examination can now check the result through the official website, i.e. Candidates will have to enter their registration ID along with date of birth to check their qualifying status through the website on the login dashboard. The should be aware that separate merit lists will be published for each course NMIMS NPAT Result 2025: Steps to Check the Result Step 1: Go to the official website- Step 2: You will see the 'NPAT Login' button on the homepage, click on it. Step 3: A new page will be opened on your screen to login. Step 4: Enter the required details like your registration ID and date of birth correctly and then submit it. Step 5: After submission, NPAT 2025 Merit list will appear on your screen along with the qualifying status. Step 6: Check all the details and your qualifying status. Step 7: Save and download the PDF for future use. NMIMS NPAT Result 2025: Colleges That Accept the NPAT Scores Anil Surendra Modi School of Commerce/School of Commerce Centre for International Studies School of Branding & Advertising Sarla Anil Modi School of Economics / School of Economics. Jyoti Dalal School of Liberal Arts Pravin Dalal School of Entrepreneurship and Family Business Management Candidates who are selected will have to either accept or reject the admission offer. And if they decide to accept it then they will have to upload a scanned copy of their signature and pay the required course fee to confirm their admission. All the candidates are advised to keep checking the official website for all the important updates.
Time of India
10-06-2025
- Business
- Time of India
Telangana's trillion dollar dream: A roadmap to 2047
1 2 3 4 Hyderabad: The aspiration for Telangana to evolve into a $3 trillion economy by 2047, fuelled by a steady 10% annual growth rate, reflects both strategic intent and bold ambition. According to economists and policy experts, this milestone is within reach—provided the state adopts forward-looking reforms, enhances sectoral productivity, and provides sustainability and inclusivity at the heart of its growth model. To realise this vision, the experts said Telangana must adopt a multi-pronged approach. Ensuring fiscal discipline, fostering sector-specific development, expanding robust manufacturing ecosystems, and embracing innovation across agriculture, industry, and services are key, they said. However, they also cautioned that setting targets alone is not enough, but the state must remain vigilant against repeating past mistakes and be guided by clear, actionable objectives rooted in long-term planning. Currently, Telangana contributes about 4% to India's GDP. Achieving a $3 trillion economy by 2047 would elevate its contribution to an estimated 10–12%. Within the state's current economic structure, agriculture accounts for approximately 17.3%, industry and manufacturing contribute 12%, and the services sector dominates with 66% of the Gross State Domestic Product (GSDP). Strategic direction Professor Krishna Reddy Chittedi, assistant professor at the School of Economics, University of Hyderabad, underscored the need for a paradigm shift in govt policy. "Rationalisation of schemes, curbing unnecessary expenditure, and closing policy loopholes are imperative. Growth should not be overly concentrated in Hyderabad, even though it remains the primary economic engine," he emphasised. Boppana Nagarjuna, professor of international and industrial economics at the UoH, prefers Telangana to follow a transitional economic model similar to that of Vietnam. "We must decentralise manufacturing to towns and villages, empowering small businesses and tapping into the state's vast human resource potential. Kia Motors is a case in point—its global success was enabled by decentralised production. Telangana must also foster FDI partnerships with balanced ownership between the state and private sector," he said. S Mahendra Dev, chairman of Economic Advisory Council to Prime Minister (EAC-PM), stresses the importance of sustainability. "Telangana's per capita income exceeds the national average, yet India's global economic standing highlights the need for inclusive and sustainable growth. Development policies must extend benefits to all regions and communities while prioritising environmental protection," he observed. Navika Harshe, an economist and former Young Professional in the erstwhile Planning Commission, draws lessons from global models. "Telangana must not only sustain its current 10% growth rate but also explore transformative growth strategies. Germany's shift from an agrarian economy to an industrial powerhouse, and Singapore's consistent 10% growth over decades, offer valuable roadmaps for long-term success," she said. In the agricultural sector, Professor Aldas Janaiah, VC of Professor Jayashankar Telangana State Agricultural University, outlines critical interventions. "To contribute meaningfully to the economic target, agriculture must grow at around 11% annually until 2047. This requires extending minimum support price to all major crops, improving storage and marketing infrastructure, and addressing farmer reluctance to continue in agriculture," he stressed. Asserting that digitalisation and mechanisation are key, he said, "Our university has launched a digital agriculture centre to promote Internet of Things and modern tools that will support farmers and gradually facilitate labour transition without sacrificing growth."
Business Recorder
31-05-2025
- Business
- Business Recorder
CCP holds awareness session on Competition Law for IIUI students
ISLAMABAD: An awareness session on 'Competition Law in Pakistan' was held at the Competition Commission of Pakistan (CCP) Headquarters for the students of School of Economics, International Islamic University, Islamabad (IIUI). Moderated by CCP's Deputy Director of Advocacy, Raja Taimur Hassan, the session commenced with a brief video showcasing the CCP's role, followed by a detailed presentation on Competition Law by Ahmed Qadir, Director General. Ahmed Qadir explained the fundamental of Competition Law, including those related to the cartelization, abuse of dominant position, deceptive marketing, prohibited agreements and mergers & acquisitions, to the students. He supplemented his presentation with case studies to demonstrate practical enforcement of competition law. He also highlighted the important role that Competition Law plays in fostering fair market practices, which are critical for economic growth. Students took keen interest and posed numerous questions regarding Competition Law and the work of the Commission, which were addressed by the officials of the Commission. Dr Babar Amin, Lecturer at the School of Economics, IIUI, commended the session, describing it as a crucial basis for students' comprehension of market dynamics and Pakistan's regulatory frameworks that govern and guide economic activity. Copyright Business Recorder, 2025
