Traditional economies are failing millennials
The millennial generation in new and emerging economies are now more confident in achieving their wealth aspirations than those from traditional and established markets. A new global study by UBS highlights a global power shift among the generation of top-earning 18 to 34 years-olds. Those in China (pictured), India and Mexico are more confident about achieving their wealth ambitions than those from UK, US, Germany and Singapore.
Uganda’s inflation rises to 4.6% in year to November
Uganda’s year-on-year headline inflation rose to 4.6 per cent in November from 4.1 per cent last month, pushed higher by a surge in fruit prices, the statistics office said on Wednesday. It also said annual core inflation edged up to 5.2 per cent from 5.1 per cent in October, driven by a rise in the prices of education and hospitality industry services, according to the Uganda Bureau of Statistics.
70%
Seven in 10 expats surveyed in a recent poll by Xpress Money moved to the country for a better job opportunity. The study, carried out in conjunction with UAE National Day also found that almost half of respondents believe the UAE has helped them give their families back home a better life and almost a fifth credit living in the Emirates for their successful careers.
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