In an article for the Razvedchik news magazine, Russian Foreign Minister Sergey Lavrov stated that the global economy continues to shift its focus from the Euro-Atlantic region to Eurasia, with politics following suit.

Moscow is…

Noel Quinn, the Group Chief Executive of HSBC, met with Guo Shuqing, the Chairman of China's banking and insurance regulator, on Thursday to discuss the global economic and financial situation, according to a statement from the China Banking…

Global professional services firm, Accenture, has announced that it will cut approximately 2.5% of its workforce, or 19,000 jobs, due to a lowered revenue and profit forecast. The company has attributed this decision to the global economic slowdown,…

The second edition of the UK-African Investment Summit is set to take place on April 23 and 24, 2024, hosted by UK Prime Minister Rishi Sunak. Heads of States and Governments from 24 African countries, alongside British and…

The Africa Development Fund has given the green light for a $3.9 million grant to be allocated towards the Liberia payments infrastructure and systems project. The Central Bank of Liberia’s main data center and disaster recovery sites will…

The US Federal Reserve has announced its ninth consecutive interest rate hike, despite concerns that the move could exacerbate financial instability in the wake of two bank failures. The central bank increased its key rate by 0.25 percentage…

The Bank of England (BoE) has announced a quarter-point interest rate increase, taking the base rate to 4.25%, in response to higher-than-expected inflation and positive indications regarding the state of the UK economy. This marks the 11th consecutive…

India's economic activity remained steady in February despite early signs of slowing consumption and concerns over future growth prospects and hawkish monetary policy. Bloomberg's animal spirits barometer, which measures high-frequency indicators, including credit growth, tax revenues, and unemployment…

Uganda's Ministry of Finance has announced that the country's public debt is expected to enter a "declining trend" due to projected strong economic growth of 7%, starting in 2025 when oil production is set to begin.

The Federal Reserve's aim of combating the rapid inflation that has plagued American consumers since 2021 has become increasingly complicated. The expectation of a quarter-point increase in interest rates, to just above 4.75%, on Wednesday has been widely…

FedEx Express, the world's largest express transportation company and a subsidiary of FedEx Corp, has announced the launch of its FedEx International Economy® and FedEx International Economy® Freight services in the Kingdom of Saudi Arabia. The company's deferred…

On Monday, Sri Lanka received a $3 billion loan from the International Monetary Fund (IMF) to alleviate its worst financial crisis in decades. The deal, almost a year in the making, will aim to restore macroeconomic stability and…

South African currency, rand, weakened against the US dollar on Monday as the Marxist Economic Freedom Fighters (EFF) party called for nationwide protests. The rand traded at 18.4350 against the dollar at 0743 GMT, down 0.16% from its…

Nigeria's Central Bank has raised its key interest rate to the highest level since 2006, in a bid to contain inflation and attract foreign investors. The bank has increased its benchmark rate by 650 basis points since May…

Financial authorities in Asia have reassured the public that the recent turmoil at Credit Suisse will not impact the stability of local lenders. The Monetary Authority of Singapore (MAS) has announced that following the purchase of the Swiss…

Germany's economy is projected to contract once again in Q1 of 2023, according to a monthly report by the Bundesbank. Although the decline is expected to be less than in the final quarter of 2022, the country's economy…

The economy of Lebanon is collapsing, and a variety of exchange rates for the local pound have emerged, causing difficulties for personal accounting and hindering the fulfilment of a reform requirement set by the International Monetary Fund (IMF).…

Former finance minister of Qatar, Ali Sherif al-Emadi, will face trial over allegations of embezzlement, according to a statement by the state-run Qatar News Agency (QNA) on Sunday. Al-Emadi was arrested in May 2021, but little information has…

On Monday, March 20, the UK signed a significant digital trade agreement with Ukraine, aiming to support Ukraine's economy and bolster the UK-Ukraine trade and investment relationship. The Department for Business and Trade hosted a conference called the…

According to a report presented by the United Nations Economic Commission for Africa (UNECA) on Wednesday, Africa's economy is expected to grow 3.9% in 2023 from 3.6% in 2022. Despite the GDP growth declining from 4.6% in 2021…

New Zealand's economy shrank 0.6% in Q4, according to official data released on Thursday, missing analysts' estimates and raising the likelihood of a recession. Gross domestic product fell below the Reserve Bank of New Zealand's estimate of 0.7%…

Sri Lanka's economy experienced a record contraction of 7.8 percent in 2022, according to official data released by the state-run census and statistics department on Thursday. The figures showed that the GDP of the island country shrank by…

The European Union (EU) and Thailand have announced the resumption of negotiations for a free trade agreement (FTA), with a focus on sustainability. This development emphasizes the EU's commitment to the Indo-Pacific region and its trade agenda, while…

BT Group's activities reportedly contributed £690 million to Northern Ireland's wider economy and supported more than 7,300 jobs in 2021, according to a report by consultancy firm Hatch. The study analysed the spending of BT Group employees and…

Egypt’s economy is predicted to grow by 4.2 percent in the current fiscal year ending in June, the cabinet announced on Tuesday. This is considerably less than the previously anticipated growth rate.

According to the…

During his closing speech at China’s National People’s Congress, President Xi Jinping stated his intentions to transform the Chinese military into a “Great Wall of Steel”, capable of protecting China’s interests overseas while emphasising the need for greater…

The U.S. Bureau of Labor Statistics released data on Tuesday indicating that price growth slowed to an annual rate of 6% in February. This reading was lower than January’s 6.4% year-over-year level, and in line with economists’ forecasts.…

The Central Bank of Nigeria (CBN) has announced that old banknotes will continue to be legal tender until the end of the year to comply with a court order issued earlier this month. The move has raised hopes…

According to a report released by the World Bank on Monday, African countries must increase their adoption of digital technologies to speed up economic growth and generate better employment opportunities for the youth. The report, titled "Digital Africa:…

The Russian economy has withstood the extensive Western sanctions, which aimed to damage Moscow's war chest. Ordinary Russians' economic lives have been largely unchanged, with no mass unemployment, currency drops, or collapsing banks. The assortment of goods in…

Argentina, the world's largest exporter of processed soy and the third-largest for corn, is grappling with a severe drought that is jeopardizing the country's economy. The drought is the worst in 60 years, resulting in sharp reductions in…

On Friday, the US Labor Department released its monthly employment snapshot, revealing that the US economy added 311,000 jobs in February. While this number marks a drop from the 504,000 positions added in January, the latest report demonstrates…

UK Prime Minister Rishi Sunk has said that confidence is returning to the country's economy following official figures that showed the economy grew by more than expected in January. The economy expanded by 0.3% in January, bouncing back…

A new report by Moody's Analytics highlights the potential economic gains from closing the gender pay gap. The study suggests that narrowing the wage differential between men and women could boost the global economy by about $7 trillion…

Jan Kubicek, a new board member of the Czech National Bank, has said that the bank’s current interest rate setting is enough to bring inflation down this year if wages do not accelerate or if the crown does…

The France CAC40 began the week on a positive note, hitting a new high of 7,401, while the FTSE100 struggled due to disappointment over China's 2023 GDP target. The Chinese government's modest target of 5% suggests a focus…

The Government of Alberta has released its 2023 Capital Plan, revealing a nearly $23 billion investment in infrastructure over three years. The budget document indicates that the largest allocations will go towards municipal infrastructure support, capital maintenance and…

Saudi Arabia has agreed to deposit $5 billion into Turkey's central bank through its Saudi Fund for Development. This move is part of Saudi Arabia's commitment to supporting Turkey's efforts to strengthen its economy, as stated in the…

Last week, Eurozone inflation fell less than expected, despite a drop in energy prices. The inflation rate fell from 10.6% in October to 8.5% in February, but economists had forecast a more significant drop to 8.2%. Meanwhile, core…

The Indian High Commission in Colombo has announced the use of Indian rupees for cross-border transactions with Sri Lanka, allowing for tourism accounts and the potential for expanding to trade and capital transactions. The Bank of Ceylon, State…

Tunisian Foreign Minister, Nabil Ammar, held a phone call with his Italian counterpart, Antonio Tajani, to discuss the economic and political situation in Tunisia. Tajani expressed Italy's commitment to supporting Tunisia economically and politically in its democratic transition.…

The European Commission has released its latest forecast for the region's economy, predicting that it will narrowly avoid a recession this year. The report offers a glimmer of hope in the face of an uncertain landscape that remains…

According to the European Commission, inflation levels in Europe have eased as winter draws to a close, although some of the largest economies in the Eurozone have reported troubling increases. The annual rate of consumer prices in the…

Foreign ministers from the Group of 20 (G20) nations gathered in New Delhi on March 1 for a two-day meeting hosted by India. The meeting is expected to focus on climate change and the “de-risking” of the global…

A recent study conducted by the Central Bank of Malta has revealed that oil shocks have a more significant impact on the country's economy than shipping industry shocks. The study examined the effects of global oil price swings…

The United Kingdom and the Republic of Singapore have signed a Memorandum of Understanding (MoU) to establish a bilateral Green Economy Framework, combining elements of climate, economic, and trade policy. The agreement was signed during a virtual call…

The United Kingdom's Foreign Secretary, James Cleverly, is in India to announce the launch of the Young Professionals Scheme, which will allow up to 3,000 Britons and 3,000 Indians per year to live and work in each other's…

The Australian economy grew by 0.5% in the final three months of 2022, according to the National Accounts figures released by the Bureau of Statistics. However, the growth rate was lower than most economists' predictions, and while annual…

India's Gross Domestic Product (GDP) growth slowed to a three-quarter low of 4.4% in the October-December period of 2022-23 due to a contraction in manufacturing, weaker private consumption demand and government expenditure, according to data released by the…

The Prudential Regulation Authority (PRA), which oversees the regulation of banks in the United Kingdom, is planning to propose new rules on issuing and holding digital assets, according to Vicky Saporta, Executive Director of Prudential Policy at the…

The People’s Bank of China (PBOC) has revealed that it will continue to use structured monetary policy tools in its latest quarterly monetary policy report. The policy will channel credit towards specific sectors of the economy. The bank…

The German economy experienced a decline of 0.4% in gross domestic product (GDP) during the fourth quarter of 2022, compared to the previous quarter, according to Federal Statistical Office Destatis. The early figures suggested a milder decline of…

Investors in European markets saw gains turn to losses on Friday, as they examined company earnings and data releases. The pan-European Stoxx 600 index finished the day down by 1%, with mining stocks and travel and leisure stocks…

On Friday, the Financial Action Task Force (FATF), an intergovernmental policy-making body that seeks to combat money laundering and the financing of terrorism, added Nigeria and South Africa to its “grey list” of countries that need to intensify…

The UAE’s Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al-Zeyoudi, has met with Spanish Secretary of State for Trade, Xiana Mendez, to discuss ways to boost economic cooperation and diversify into sectors of common interest.…

The state auditor in Congo has demanded an additional $17 billion of investments from a 2008 deal with Chinese investors, which is currently under negotiation. The deal in question involves Sinohydro Corp and China Railway Group, who agreed…

Wall Street had a challenging day on Tuesday, with the S&P 500 and the Nasdaq Composite losing ground for the third day in a row, while the Dow Jones Industrial saw its gains for 2023 wiped out. These…

The French economy grew in February for the first time since October, according to a survey by S&P Global. The company's flash reading for the purchasing managers' index (PMI) for the French services sector rose to 52.8 points…

The UK economy is expected to avoid recession if the latest survey by S&P Global PMI is anything to go by. The survey indicates that UK private sector firms signaled a solid rebound in business activity in February,…

Spain's informal economy, also known as black money, has been rising steadily since the beginning of the pandemic, with an increase of 9.74% from 2019 to 2021, according to a recent report by the European Parliament. This percentage…

Hong Kong's Financial Secretary Paul Chan announced a HKD 761 billion (USD 97 billion) budget on Wednesday aimed at reviving the pandemic-hit economy and repairing the city's image. The budget includes tax cuts, spending vouchers, and programmes designed…

The Reserve Bank of New Zealand (RBNZ) has announced an increase in interest rates to a 14-year high of 4.75%. The bank indicated that it intends to continue tightening further, as inflation remains too high. The decision came…

On Wednesday, February 22, the Reserve Bank of India's Monetary Policy Committee (MPC) is set to release the minutes of its first review of 2023. The release of these minutes comes on the same day the RBI announced…

Oil prices saw an increase on Monday as optimism rose over China's demand recovery. Brent crude rose 41 cents, or 0.49 percent, to $83.41 a barrel, while US West Texas Intermediate crude was up 35 cents to $76.69…

Saudi Arabia recently discussed ways to bolster economic cooperation with various European countries during its participation in the ministerial meeting of the Organization for Economic Cooperation and Development in Paris, France. The meeting focused on responsible business practices…

Algerian Ambassador to Saudi Arabia, Mohamed Ali Boughazi, has expressed his country's eagerness to enhance economic cooperation with the Kingdom, according to a recent interview with Asharq Al-Awsat. Boughazi declared that Algeria would strive to increase the level…

According to Germany's central bank, the country's economic outlook is improving thanks to a decline in energy prices and a rebound in the global economy. In its latest monthly report, the Bundesbank claimed that, despite persistent high inflationary…

A new poll conducted by Savanta has shown that a majority of British people believe that Brexit has had a negative impact on the UK economy. The survey of 2,201 people conducted between February 10th and 12th, 2021…

The International Monetary Fund (IMF) has urged Pakistan to take steps to prevent debt restructuring, reported The News International. The country has been reeling from floods that have affected one-third of its population. Kristalina Georgieva, managing director of…

Pakistan's current account deficit (CAD) has reduced to $0.2 billion in January 2023, marking a 90% decline from last year, as per the central bank's announcement on Monday. The reduction was due to the depreciation of the Pakistani…

Egyptian Foreign Minister Sameh Shoukry delivered a speech on behalf of President Abdel Fattah Al-Sisi at the 36th African Summit held in Addis Ababa, Ethiopia. The Foreign Ministry spokesman, Ambassador Ahmed Abu Zeid, said the speech addressed the…

The African Union (AU) has announced that it will launch a debt status data bank to monitor and advise member states on potential financial distress. The decision, made in Addis Ababa, will aid member states in improving their…

KPMG, one of the world's largest accounting firms, is set to cut nearly 2% of its US workforce, affecting around 700 employees, according to recent reports. KPMG will be the first of the Big Four accounting firms to…

Lebanon’s economic crisis has deepened, with the Lebanese pound plummeting to an all-time low of 80,000 to the dollar, leading to widespread protests across the country. In the capital, Beirut, protesters set fire to banks, blocked roads and…

Italy registered a trade surplus with the rest of the world in December 2022, worth 1.067 billion euros, compared to a deficit of 1.475 billion euros in the same period of the previous year, according to national statistics…

Greece's economy grew steadily in the first half of 2022, but inflation dampened growth in the latter half. The nation's government cushioned the impact of rising energy prices on businesses and households' real incomes, and the Recovery and…

Thailand's economy shrank unexpectedly in the fourth quarter due to a fall in exports, though officials have stated that a recession will be avoided this year thanks to a rebound in tourism. According to the National Economic and…

German multinational conglomerate Siemens has issued a digital bond worth €60m, with a maturity of one year, underpinned by a public blockchain. It is one of the first companies in Germany to issue a blockchain-based digital bond since…

The inflation rate for January shows a de-acceleration of inflation for the seventh consecutive month, with the relief attributed to lower costs for used vehicles. The consumer price index data, released on Tuesday, indicates a 6.4% increase in…

President Joe Biden has announced several changes to his economic team in a Tuesday White House press release, with Lael Brainard, the current vice chair of the Federal Reserve, appointed as director of the National Economic Council (NEC).…

The Turkish government has ordered private pension funds to increase their holdings of Turkish stocks in an attempt to bolster financial markets. This decision comes after the Bist 100 equity index tumbled 18% this year due to investor…

Abu Dhabi’s economy expanded by 10.5% in the first nine months of 2022, the fastest rate of growth in the Middle East and North Africa region, largely driven by a strong performance in the non-oil sector, according to…

The British government is reportedly considering a deal that would put an end to a recent wave of strikes among public sector workers. Prime Minister Rishi Sunak and Finance Minister Jeremy Hunt are said to be exploring a…

Singapore’s Deputy Prime Minister and Finance Minister Lawrence Wong has delivered the Budget 2023 speech, where the government aims to invest around S$104.2bn in various sectors to transform the country into a new era of global development. Wong…

Manufacturers in Nigeria have expressed declining confidence in the country's business environment due to the adverse effects of the Consumer Price Index (CPI), the continuous erosion of the Naira's value, and difficulties in accessing foreign exchange. In addition,…

Officials from China, India, Saudi Arabia, and the Group of Seven (G7) wealthy nations are scheduled to attend the first-ever virtual meeting of the new sovereign debt roundtable on Friday, according to three sources familiar with the plans.…

According to a study by senior Bank of England official Jonathan Haskel, the UK has suffered a loss of business investment worth £29bn since the Brexit referendum of 2016, equivalent to £1,000 per household.

Haskel,…

The Nikkei share average in Japan climbed on Tuesday, taking cues from a strong performance by Wall Street overnight. Investors were positioning themselves ahead of the release of crucial US inflation data, which could determine the direction of…

The Treasury market is warning that a looming economic downturn may be imminent, despite a tight labour market. On Friday, benchmark 10-year Treasury yields reached 3.74%, while two-year yields increased to 4.5%, resulting in an inverted yield curve.…

The US dollar stood close to a five-week high against major rivals on Monday, supported by a surge in bets for continued Federal Reserve policy tightening before the release of a significant consumer price report. The Japanese yen…

The increasing appetite to list on Saudi bourses is a reflection of the robust market performance of the G20 economies, according to a top executive of a financial advisory and asset management firm. Speaking at the second edition…

Pakistan has failed to unlock $1.1bn in funds from the International Monetary Fund (IMF) following 10 days of discussions aimed at preventing the country from going bankrupt. The move comes amid fears for the economy in a key…

The Ministry of Trade and Industry (MTI) has announced that Singapore's economy is expected to grow between 0.5% and 2.5% in 2023. This range was maintained despite slower-than-expected growth in 2022, with the economy expanding by 3.6%, down…

India’s retail inflation increased in January after two consecutive months of decline, largely due to higher food prices. According to data from the Ministry of Statistics and Programme Implementation, retail inflation surged to 6.52% in January, up from…

Zambia has turned down China's invitation for the World Bank to join its debt restructuring efforts. In an interview, Zambia's finance minister Situmbeko Musokotwane said that the country is aiming to repay a $13bn loan in 2023, three…

The African Development Bank has predicted that 53 of the 54 African nations will maintain a positive growth trajectory and a stable outlook by 2023/24, despite numerous shocks. Prof. Kevin Urama, Vice President for Economic Governance and Knowledge…

The price of gold saw a slight increase in an unpredictable market session on February 8th, 2023, as investors eagerly await further economic data to make sense of the U.S. Federal Reserve's rate hike plan. At 3:19 p.m.…

Dubai Chamber of Digital Economy, one of the three chambers under Dubai Chambers, recently held a session on the fintech sector as part of its ongoing interactive workshop series. The session aimed to address the challenges and opportunities…

The Egyptian government has announced its intention to sell stakes in at least 32 companies by the end of March 2024, according to Prime Minister Mostafa Madbouly. The companies up for sale include Banque du Caire, United Bank…

In 2022, the world witnessed an unprecedented financial boom for the five largest Western oil companies: ExxonMobil and Chevron from the US, Shell from Anglo-Dutch, BP from the UK, and TotalEnergies from France.

These firms…

CAPMAS, the Egyptian statistics office, has released data showing that the nation's annual urban consumer price inflation has surged higher than expected in January, reaching 25.8%, the highest rate in over five years.

This spike…

Nigeria is demonstrating a growing interest in Artificial Intelligence (AI), according to recent search trends released by Google. In 2022, AI related searches reached a record high not just in Nigeria but globally. The most popular queries among…

President Biden delivered his State of the Union address yesterday, highlighting the current state of the US economy and the country's stance on foreign relations. Despite the disruptions caused by COVID-19 and the invasion of Ukraine by Russian…

Borsa Istanbul, the stock exchange in Turkey, has experienced a significant drop since Monday as a result of the recent earthquakes in the southern part of the country. Despite the benchmark stock index BIST 100 decreasing by seven…

Amazon has established a new academy in Saudi Arabia to support the kingdom's human capital program for the digital economy. In collaboration with the Ministry of Communications and Information Technology, the academy will be run by the Saudi…

France and Germany's economy ministers, Bruno Le Maire and Robert Habeck, have returned from a meeting in Washington with U.S. Treasury Secretary Janet Yellen and Commerce Secretary Gina Raimondo with few specific agreements over concerns surrounding subsidies for…

The Cabinet Office of Japan has released its annual economic report, highlighting the challenges faced by consumers in the country, particularly the younger generation. According to the report, inflation has risen twice as fast as the Bank of…

The Asian markets closed higher on Tuesday, offering a glimmer of hope for investors who have been on edge due to the recent sell-off in the wake of rising concerns about U.S. interest rates. This month's market rally…

South African President Cyril Ramaphosa has announced that the country's electricity crisis has significantly impacted its mining industry, a crucial component of the South African economy. Ramaphosa made the declaration while speaking at the Investing in African Mining…

The International Monetary Fund (IMF) has stated that St. Kitts-Nevis is showing a positive economic outlook, however, the organization has warned the twin island federation of potential downside risks in the short term. These risks stem mainly from…

Goldman Sachs has revised its estimate of the likelihood of a US recession, reducing it from 35% to 25%. This new estimate is significantly lower than the 65% consensus from the recent Wall Street Journal survey. The adjustment…

The Arab region is moving forward in the transition to green energy, as highlighted by Rola Dashti, the executive secretary of the UN Economic and Social Commission for Western Asia. During her speech at a session titled "Energy,…

The European Commission is proposing to offer up to €100 million in Macro-Financial Assistance (MFA) to North Macedonia. This proposal is a show of support for the country during difficult times, as its economy has been negatively impacted…

According to a recent report by Goldman Sachs, the reopening of China’s economy and a full recovery in its domestic demand are expected to have a positive impact on global output. The report estimates that this may result…

Indonesia experienced its strongest economic growth in nine years in 2022, with the lifting of pandemic restrictions and a global commodity boom boosting the country's performance.

The Southeast Asian nation, known for its thermal coal,…

According to the South African Reserve Bank, the electricity crisis in South Africa is costing the economy up to R899 million per day. Rolling blackouts, which last anywhere from 6 to 12 hours a day, are detracting anywhere…

The United States job market started 2023 with a remarkable performance, as nonfarm payrolls recorded their strongest growth since July 2022, according to a report from the Labor Department. On Friday, the report showed that nonfarm payrolls increased…

The Saudi Arabian Monetary Authority (SAMA) has increased its interest rate by 25 basis points to 5.25 percent, in line with the Federal Reserve's move to combat inflation. The Reverse Repo rate has also been raised to 4.75…

Pakistan is currently facing a major economic crisis and is in dire need of financial aid from the International Monetary Fund (IMF). An IMF delegation arrived in Pakistan on Tuesday for talks to revive the aid that has…

The Japanese economy appears to have returned to growth in the last quarter of 2022, as the country started to reopen to tourists, according to a recent poll conducted by Reuters. The results showed that Japan's economy grew…

The International Monetary Fund (IMF) has revised its projection for Nigeria's 2023 economic growth rate, now forecasting a growth of 3.2 percent. This marks an increase of 0.2 percentage points from its previous projection of 3.0 percent, outlined…

Argentina's economy is expected to slow down in 2023 with a growth rate of only 2%, according to the latest World Economic Outlook update from the International Monetary Fund (IMF). This is a significant decrease from the previous…

The Federal Reserve has made its latest move in the ongoing balancing act between controlling inflation and avoiding a recession. The central bank increased its key short-term interest rate by a quarter of a percentage point, a move…

Saudi Arabia has recently emerged as the fastest growing major economy in the world, with its non-oil sector exhibiting a surge in growth rates. The country's non-oil economy grew by an impressive 6.2% in the last quarter of…

European economy showed only modest gains at the end of 2022 as rising inflation and Russia's invasion of Ukraine impacted consumer spending, according to Eurostat, the European Union statistics agency. The economy grew by 0.1% in the last…

In a blow to the Lao economy, inflation has risen steeply, with the country’s national currency, the kip, experiencing a significant decline. The root causes of these issues can be attributed to structural vulnerabilities that have been present…

Tanzania is among a select group of African nations poised to experience a strong economy this year, according to the African Development Bank (AfDB). In a report entitled "Africa's Macroeconomic Performance and Outlook," the AfDB forecasts that five…

The European Central Bank (ECB) is facing a dilemma as the inflation rate in the euro-area slows more than expected. According to Eurostat, January's inflation rate came in at 8.5%, which is lower than the economist's predictions of…

According to a new report released by the World Bank, Myanmar's economy is predicted to grow by 3% by the end of the current fiscal year. However, the report, titled "Myanmar's Economic Monitor: Navigating Uncertainty," states that the…

Manufacturing activity in Asia is showing signs of improvement as the region becomes increasingly optimistic about China's reopening and its ability to offset a gloomy global outlook. According to data from S&P Global Manufacturing Purchasing Managers' Indexes, factories…

Chancellor of Germany, Olaf Scholz, continues his Latin America tour with a visit to Chile, where he met with President Gabriel Boric.

The German government aims to diversify its economic partnerships, strengthening ties with democratic…

On the second day of the federal cabinet retreat, Prime Minister Justin Trudeau and his cabinet received a sobering outlook on Canada's economy from three renowned economists. Kevin Milligan of the University of British Columbia, Carolyn Wilkins of…

President Abdel-Fattah Al-Sisi of Egypt visited Azerbaijan for the first time recently and met with his counterpart, President Ilham Aliyev. The two leaders discussed enhancing bilateral relations, addressing regional and international issues, and signed several joint memorandums of…

The Irish economy showed significant growth in the fourth quarter of 2022, according to an estimate from the Central Statistics Office. The economy expanded by 3.5% compared to the previous quarter, and saw a growth of 13.5% compared…

The South Korean economy shrank in the final quarter of 2022, marking the first contraction since Q2 2020, as exports dropped and consumer spending decreased due to rising interest rates, according to the Bank of Korea. The country's…

The United Nations projects that the Nigerian economy will grow by 3% in 2023, despite the challenges of high inflation and poor power supply in the country, according to the report "2023 World Economic Situation and Prospects."

Japan's economy has been hit by a slowdown in global demand for technology and semiconductors, as well as the recent resurgence of COVID-19 infections in China. As a result, the government has downgraded its view of the overall…

Stocks in the Asia-Pacific region traded higher on Friday as traders responded to Tokyo's January core consumer prices, which rose 4.3% - the highest rate for Japan's capital since mid-1981.

The Nikkei 225 ended the…

Bahrain's fiscal balance program announced in October 2021 is on track, according to the World Bank. The program has led to an increase in revenues during the first half of 2022, which has compensated for increases in spending,…

Kenya is set to be replaced as the third-largest economy in sub-Saharan Africa by Angola and Ethiopia, which will weaken the East African country's ability to attract investors with its growing consumer base. According to projections by the…

As the New Year begins, many restaurants are facing a familiar problem: labor shortages. Chipotle, a popular fast-food chain, recently announced that it is looking to hire 15,000 people in North America to ensure that its stores are…

El Salvador has successfully repaid one of two outstanding $800 million bonds, according to the country's Treasury Minister, Alejandro Zelaya. This news comes as a relief to investors who were worried that the government could default on its…

Spain's economy has grown faster than expected in 2022, with GDP rising by 5.5%. According to official data released on Friday, Spain's GDP grew by 0.2% in the fourth quarter of 2022, compared to the previous quarter, and…

As the economy of Chile continues to show signs of resilience, the country's central bank is expected to keep its benchmark interest rate unchanged for a second consecutive meeting.

Despite this, many traders predict that…

The US economy expanded again during the fourth quarter, registering growth to end 2022 even as consumers and businesses battled inflation and historically high interest rates. Gross domestic product (GDP) - the broadest measure of economic activity -…

Professional services network EY has launched a climate change readiness index to help countries in the Middle East and North Africa (MENA) assess, evaluate, and boost their efforts to fight climate change.

The index measures…

The German government has announced that it expects the country's economy to grow slightly in 2023, instead of a decline as previously expected. This is due to the country's efforts to manage its energy transition away from Russia…

The Philippines has seen one of the strongest expansions in Asia, despite facing price and interest-rate pressures, due to robust spending which has boosted growth by the most since the 1970s. According to the Philippine Statistics Authority, gross…

The South African Reserve Bank (SARB) decided to increase its main lending rate, also known as the repurchase rate, by 25 basis points to 7.25%. This means that the interest rate at which banks borrow money from the…

Brazil's federal revenue authority (RFB) has finally adopted OECD Transfer Pricing Guidelines on December 28, 2022. The draft legislation is still pending approval by the Brazilian legislative branch. However, if passed, the new regulations will become mandatory starting…

A recent gauge of economic activity suggests that the United States may be headed for a recession in the near future. The Conference Board's Leading Economic Index, which tracks several key indicators of the economy's trajectory, dropped in…

Mexican Economy Minister Raquel Buenrostro met with Canadian firms to discuss the progress of energy agreements made at a meeting with President Andres Manuel Lopez Obrador, according to the Mexican economy ministry.

The Canadian firms,…

A member of the Monetary Committee of the Bank of Israel has resigned over the government's plan to overhaul the judiciary system, according to reports. The proposed reforms, which Prime Minister Benjamin Netanyahu says will rein in the…

The European Commission has proposed increasing ongoing financial assistance to the Republic of Moldova by up to €145 million, bringing the total amount of support to €295 million. The proposal is intended to support Moldova as it continues…

The cost of shipping goods from China has reached its lowest point in over two years as the global economy struggles, potentially impacting the profits of container carriers that saw record profits during the pandemic. According to Drewry,…

Brazil and Argentina are set to announce their intention to begin preparatory work on a common currency at a summit in Buenos Aires this week. The move, which could eventually create the world's second-largest currency bloc, will be…

According to a recent survey by the National Association for Business Economics (NABE), the likelihood of a recession in the United States has decreased over the past three months. The Business Conditions Survey revealed that 53% of respondents…

The Middle East has seen the strongest increase in international arrivals in 2022, according to the UN's World Tourism Organization (UNWTO), signaling a rebound for the tourism sector to pre-pandemic levels this year.

The UNWTO…

European stock indexes saw a slight increase in early trading on Monday, driven by hopes that inflation may have peaked and a softening of expectations for future Federal Reserve rate hikes. The MSCI World Equity index was up…

Pakistan's central bank, State Bank, has raised its key interest rate by 100 basis points to 17% in an effort to curb persistently high inflation. This increase brings Pakistan's benchmark rate to its highest level since October 1997.…

Peru's central bank has extended its biggest-ever phase of monetary tightening in an attempt to curb a spike in inflation. The bank raised its benchmark rate by 0.25 percentage points to 7.75%, the highest level in more than…

Mexico's economy expanded by around 3% in 2022, according to a statement by Finance Minister Rogelio Ramirez de la O.

The statement highlighted that the country's economy saw a significant rebound last year, as tourism,…

A new report from the National Insurance Institute (bituah leumi) states that 522,000 families in Israel are currently living with food insecurity, half of them severely so, despite a slight decrease in poverty and income inequality. The survey…

In 2022, 42,500 French businesses closed down, representing a 49.9% increase in insolvencies compared to 2021, according to a report by a renowned data analytics consultancy. This record figure is a result of the poor economic recovery since…

Cambodia's economy continues to grow despite the volatile situation of Covid-19, according to Ky Sereyvath, an economist and director general of the Chinese Academy of Sciences of the Royal Academy of Cambodia. He stated that while the National…

The African Development Bank (AfDB) has predicted that Africa's economic growth will stabilize at 4% over the next two years, and inflation will slow as the continent rebounds from the pandemic and external shocks such as the Ukraine…

Brazil's newly elected President Luiz Inacio Lula da Silva plans to end the industrial tax IPI, according to Vice President Geraldo Alckmin. The IPI tax is imposed on companies that manufacture and import products such as refrigerators, cars,…

A new report by Deloitte Canada indicates that Canada is expected to experience a deeper recession than previously expected this year as a result of the Bank of Canada's rapid interest rate hikes and the slowing U.S. economy.…

Qatar's inflation rate rose by 5.93% year-on-year in December 2022, largely due to an increase in the prices of recreation and culture, according to data from the Planning and Statistics Authority. The Consumer Price Index, a comprehensive measure…

On Tuesday, European shares took a dip, pausing from their sharp rally that began at the start of the year. This was due to China posting its weakest annual economic growth in almost half a century, which has…

The International Monetary Fund (IMF) has released a new report that states that fragmentation in the global economy could cost up to 7% of GDP. The report highlights the various challenges that policymakers face today, and states that…

Rwanda has recently taken a major step towards achieving its goal of becoming a carbon-neutral and climate-resilient nation by 2050 with the launch of its first-ever National Circular Economy Action Plan and Roadmap. The plan is designed to…

Finance Minister Sri Mulyani has raised concerns about the increasing risks faced by the global economy due to a shift in the geopolitical environment. Speaking at a forum organized by the Indonesian Bankers Association, Mulyani stated that experts…

Dubai has recently unveiled a massive economic plan of $8.7tn that aims to double its trade and investments over the next decade, solidifying its status as a major global business hub. Despite not having the same oil and…

The World Bank Group predicted that Nigeria would experience 2.9% economic growth in 2023 despite the challenges, particularly those related to crude oil production being hampered by theft, but it also issued a warning that rising global commodity…

Argentina and China have now decided to broaden the reach of their currency swap deal, as experts project that the Latin American nation stands to gain from this arrangement which supposedly helps to hedge against shocks caused by…

Romania is poised for an economic comeback that may see it overtaking peaking surrounding nations in 2023. This possibility is aided by its access to European Union funding, recent trend of currency stability and a marked growth in…

This week, the Egyptian pound had its biggest one-day decline since the cash-strapped government agreed to a $3 billion deal with the International Monetary Fund in mid-December, according to authorities.

Approximately three weeks after Egypt…

The World Bank has issued a warning that even a minor setback might push the world economy into recession in the upcoming year as concerns about a global economic slowdown spread throughout the regions.

The…

Despite government promises to stabilise the economy in 2023, Asia-Pacific markets traded lower, with bigger Chinese markets driving losses in the region.

Shanghai's Composite Index dropped 1.92% to 3,107.12 as the city made the decision…

As Europe's largest economy seeks to sidestep the worst of the energy crisis with the aid of softening energy market prices and state aid, Germany's IfW became the most recent economic institute to increase its growth projection for…

Despite the improvement in labour markets in the first half of 2022, according to the Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labor Organisation (ILO), it is anticipated that a slowdown in growth…

An encouraging sign for both Federal Reserve officials and customers is that inflation decreased more significantly than anticipated in November, indicating that the 18 months of swift and continuous price increases are finally starting to truly slow down.

According to a German economy ministry document made public on Friday, Germany seeks a coordinated European response to the U.S. Inflation Reduction Act that would include streamlining regulations on public support and increasing funding options.

According to JPMorgan analysts, Southeast Asian markets would behave like a "bungee leap" in 2023, first falling before rising in the second half of the year.

That’s likely to be characterized by a “sharp fall…

As China's inflation data came in largely in line with forecasts, the Hang Seng Index led gains around Asia-Pacific.

The Hang Seng Tech Index increased by 2.45%, while the Hang Seng index in Hong Kong…

The third-largest economy in the world, Japan, experienced a smaller third-quarter decline than previously anticipated, supporting the idea that it is slowly emerging from COVID-19 gloom even as significant export markets continue to suffer.

Separate…

As a result of sluggish global demand and a strong dollar, the U.S. trade deficit increased significantly in October. If the pattern continues, trade may be a drag on economic growth this quarter.

The Tuesday…

In a recent survey of economists, all agreed that the board should maintain borrowing costs at 11.25%, the highest level in more than 20 years. Following a tightening cycle of 10.75 percentage points since July of last year,…

The United Arab Emirates has grown into a regional superpower in its 51 years of existence.

The officials and companies of the United Arab Emirates (UAE) have been spotlighting initiatives to expand the knowledge economy…

The government said Wednesday that the U.S. economy expanded at a strong 2.9% annual rate from July through September despite high interest rates and persistent inflation.

The U.S. economy's overall output of goods and services,…

On Wednesday, Asia-Pacific shares were mainly up while the reading for China's November manufacturing activity came in below forecasts and dropped to its lowest level since April 2022.

In the last hour of trading, the…

Analysts and forecasters at Oxford Economics Africa have posited that South Africa is on course to be the slowest among major African economies in terms of growth in 2023.

As revealed in its recently released…

The economy in Thailand expanded in the previous quarter at a rate said to be quicker than it has recorded the entire year. This increase is mostly due to a resurgence in the tourism sector, as well as…

As a long winter of uncertainty and economic trouble looms, the Syrian government has passed a preliminary budget for 2023 that includes an increase in spending of 24 per cent.

The budget plan included a…

The European Union and the United Kingdom may be starting to enter a recession, whether the decline is gradual or steep.

In comparison to the previous three months, the British economy contracted by 0.2% in…

On the eve of the next meeting of the central bank's monetary policy committee, figures from the national statistics office on Wednesday revealed that Mexico's inflation rate fell to 8.41 per cent in the year that ended in…

According to a recent poll, Malaysia's economy expanded by double digits for the first time in more than a year in the third quarter, driven by strong domestic demand and healthy exports. However, the future is uncertain due…

Despite fears about inflation, consumer spending increased 20% year over year in the UAE in the first nine months of this year, and the second-largest economy in the Arab world is expected to grow at its highest rate…

A 1.5 trillion rand ($84 billion) proposal to start the decarbonization of its coal-dependent economy in South Africa has been sold to the international world.

The 2023–2027 investment plan was presented to the president's climate…

Ahead of a potential economic slump, the Canadian government on Thursday promised modest extra expenditure in an updated fiscal plan thanks to windfall income.

Under pressure to cut costs, Finance Minister Chrystia Freeland asserted that…

On Wednesday, the majority of the main currencies in Latin America increased before reversing course as the U.S. dollar rose on indications from the U.S. Federal Reserve that it would continue raising interest rates. The Fed increased interest…

According to recent data, the US economy has remarkably recovered from a string of sharp rate increases, showing the Federal Reserve's fight against historically high inflation is far from over.

The figures reveal that the…

On October 25, European Union leaders gathered in Berlin to talk about establishing a platform for financial coordination to help Ukraine repair its economy, which has been hurt since the conflict with Russia started in February 2022. Olaf…

Ghana's president, Nana Akufo-Addo, addressed the nation in a half-hour speech that was broadcast on Sunday. He explained the variety of steps his administration will be taking to get out of financial trouble, including those to encourage domestic…

The International Monetary Fund cautioned that Asia-Pacific has more to lose than any other region if the global trade system fragments as a result of geopolitical conflicts.

According to an IMF study published on Friday,…

The Middle East division of BNY Mellon, a US investment bank with more than $1.82 trillion in assets under management, is predicted to grow by a "healthy single digit or more" over the next five years as regional…

Egypt plans to develop a new indicator for its currency to be linked to a basket of gold and other currencies besides the US dollar, the new Central Bank Governor said, local news agencies report.

Chrystia Freeland, the minister of finance, warned Canadians on Wednesday that the following months wouldn't be pleasant as higher interest rates slowed an earlier-than-expected booming economy and led to the loss of some jobs.

Recent…

According to Economy Minister Nadia Calvino on Thursday, the Spanish government has been in communication with the European Central Bank regarding the impending implementation of the banks tax plan, which aims to reduce profits from rising interest rates.

Nigeria has now joined the list of countries that are battling crippling debt. Africa's largest economy is looking for measures to manage its liabilities as a result of falling oil production and rising debt payment costs, which are…

A strategic partnership between the UAE Ministry of Economy and FOODICS, the leading cloud-based restaurant technology and payments platform in the MENA region, was announced this week. The partnership aims to forge a strong alliance between the public…

As the world's markets have been gripped in a vice by rising energy costs, the emergence of new Covid-19 strains and Russia's conflict with Ukraine, Treasury Secretary Janet Yellen stated on Tuesday that the U.S. economy was "doing…

The International Monetary Fund has warned that growing debt and capital flight will be Asia's biggest economic difficulties as interest rates continue to increase. The IMF cut its forecasts for global growth in its most recent economic outlook…

Despite changes to the bill announced this week, the head of Colombia's mining association said on Tuesday that the leftist government's proposed tax reform will jeopardise mining-related investment and production. Gustavo Petro, the left-leaning president-elect of Colombia, has…

A top EU diplomat has cautioned that the union is not defending its interests abroad and that the Federal Reserve is driving a global wave of central bank rate increases that run the risk of sending the world…

The latest report from the World Bank, titled "New approaches to closing the Fiscal Gap," notes that although the overall economy needs to rebuild to prevent a new cycle of low growth, the economies in Latin America and…

A recent analysis warns that a financial crisis is occurring or is imminent in about 60% of Africa's low-income countries. According to a report by the United Nations Conference on Trade and Development, these places have record amounts…

A World Bank analysis projects that the Middle East and North African region's GDP will expand by 5.5 percent this year, which would be its fastest rate since 2016. However, growth in the same region is anticipated to…

Asia experienced a severe financial crisis that rocked its economies severely 25 years ago. The ghost of 1997 is back in the area now. As a result of the strong US dollar, the US Federal Reserve's swift hike…

Inflation, geopolitical unrest, and the Ukraine War scared away $32 billion in investments from hedge funds in the second quarter of 2022, according to research by data provider Preqin.

The $4.1 trillion hedge fund market…

The Commission has made a significant advancement in the restructuring of the European Innovation Council (EIC) Fund with the appointment of an external fund manager to make investment decisions in the 139 start-ups and SMEs that have already…

As the year's final three months get underway, shares in the Asia-Pacific region were mixed on Monday.

After hitting its lowest points since October 2011, the Hang Seng index in Hong Kong was down 0.97…

Preliminary figures show that the eurozone's inflation hit double digits and reached yet another all-time high in September, as the negative effects of Russia's war in Ukraine continue to have a significant impact on the European economy.

According to Issam Abousleiman, the Country Director of the GCC Countries, Middle East, and North Africa at the World Bank, the UAE has solidified its place as one of the GCC peers with one of the fastest economies…

World Bank predictions show that due to China's downturn, economic growth in East Asia and the Pacific may experience a steep decline in 2022, though a marked recovery in growth rate is expected sometime in 2023.

Following Russia's invasion of Ukraine, global economic growth is slowing more than was anticipated, according to the OECD, and the ensuing energy and inflation crises run the risk of deepening into recessions in the world’s leading economies.

Various sectors of the economy of Seychelles will be experiencing a transformation in the coming years as the Eastern and Southern Africa Trade Development Bank (TDB) commits to sponsoring multiple projects and development initiatives.

Admassu…

Basar Arıoglu, member of the Foreign Economic Relations Board of Turkiye (DEIK) and President of the Turkiye-Qatar Business Council, has stated that the Gulf Cooperation Council (GCC) railway link project would link Qatar with Saudi Arabia, Kuwait and…

The EU has announced a call for proposals under the Connecting Europe Facility (CEF) for Transport programme, which provides EUR 5.12bn for projects aimed at new, upgraded and improved European transport infrastructure.

Projects financed through…

Shanghai, widely recognized as China’s commercial capital hub, has announced eight major infrastructure projects with total investment of 1.8 trillion yuan (US$257 billion). This comes after the city was forced to impose fresh lockdown in April and May.

The state run South African power utility has continued to shed 5,000 megawatts of capacity from the national grid and will possibly only shed it down to 4,000 megawatts come September 22.

It is likely…

The central bank of Peru revised down its projections for economic growth in 2022 and 2023 on Friday due to weakening expectations despite a package of government stimulus measures meant to increase domestic production.

The…

Wall Street appears to have finally accepted the notion that the Federal Reserve will raise interest rates into restricted territory and maintain such high rates for a sizable amount of time. In other words, contrary to what many…

According to a recent analysis by the research firm Rhodium Group, European investment in China is becoming more concentrated, with a few large corporations, mainly from Germany, increasing their stakes while hardly any new players attempt to enter…

According to MAS Managing Director Ravi Menon, the Monetary Authority of Singapore is investing $1 billion with leading international credit fund managers as part of larger efforts to make the city-state a centre for full-service private markets.

The amount of venture capital going into Africa has increased significantly. While Africa's booming fintech industry receives the majority of investments, agrifoodtech businesses are also witnessing an increase in investor interest.

According to AgFunder's first…

Amazon founder Jeff Bezos took part in a US$87 million Series B funding round recently closed by Indonesia-based startup Ula. This marks Bezos’ first-ever investment in Southeast Asia’s e-commerce sector.

The round was co-led by Prosus Ventures, Tencent, and B-Capital and drew participation from Bezos Expeditions,…

Argentina’s Digital House raises over $50M to help solve LatAm’s tech talent shortage

Digital House, an edtech firm based in Buenos Aires which is focused on developing tech talent through immersive remote courses, announced today…

Germany’s bank experienced a profit increase of 134% in the first quarter, avoiding damages from the collapse of Archegos.

On Wednesday, for the first three months of 2020, Deutsche Bank posted a pre-tax profit of…

Italy’s Leonardo is set to buy a 25.1 percent stake in German sensor company Hensoldt for 606 million euros ($730 million), the company announced.

By acquiring the stake from U.S. investment fund KKR, Leonardo will…

Prosus NV, an Amsterdam-based tech investor, announced on Thursday that it netted $14.6 billion overnight from selling a 2% stake in Tencent.

A filing from Tencent at the Hong Kong Stock Exchange showed that Prosus…

Cuba’s Ministry of Foreign Trade and Foreign Investment is opening up to Cuban Americans who desire to take part in foreign investment projects as the island seeks to kickstart its troubled economy, while also encouraging Washington to roll…

Ottawa announces almost $15 million for six Toronto tech firms.

The federal government is set to give about $15 million in interest-free repayable funding to six Toronto-based tech firms that work in sectors the minister…

Global Fund applauds the United States for $3.5 billion emergency investment to combat COVID-19

The Global Fund lauded the U.S. government for its approval of US$3.5 billion in emergency funding to aid the Global Fund’s…

As global push for carbon neutrality continues to grow, institutional investors still seem to be sticking with “dirty” thermal coal.

Figures reveal that institutional investors have maintained over $1 trillion worth of investments in the…

The United States and Iran may again return to the negotiating table in the nearest future. In the past week, the Biden administration has offered to restart negotiations, and Iran has reached an agreement with the International Atomic…

The People’s Bank of China (PBOC) is putting things in place to boost antitrust measures for companies in the non-bank payments industry. This includes companies such as Ant’s Alipay and Tencent’s WeChat Pay.

Under the…

African Guarantee Fund and Afriland First Bank partner to finance SMEs/SMIs, support women entrepreneurship and promote green businesses.

The signing ceremony of this new agreement was held at African Guarantee Fund’s head office in Nairobi,…

In what is now being called one of the worst Wall Street mishaps in years, Citigroup accidentally wired $900 million last to a group of lenders locked in a bitter dispute with the beauty company Revlon.

HYCM recently commissioned an independent survey of more than 900 UK-based investors to investigate which assets are most promising or most desired by investors in the coming year.

As part of its findings, the survey…

Banks in most of the biggest economies in Latin America will begin to normalize dividend distribution this year, analysts say, with Argentina standing out as the only nation in the region to have extended an outright ban on…

ECB has announced its decision to extend temporary euro liquidity lines by nine months, which will see it reach to March 2022. The primary objective of these euro liquidity lines is to meet possible euro liquidity needs in…

Silver rose by as much as 11.2% to $30.03 an ounce during weekend trading, marking its highest point since February 2013, as a wave of small-time traders turned their attention to commodities.

Silver is only…

The production of petrol by Petróleos Mexicanos (Pemex) throughout 2020 was the lowest that has been recorded since 1993, reaching a volume of 185,600 barrels per day, 9% lower than the previous year. Despite this, the company's internal sales…

Central bank expected to retain the same purchasing terms which applied during the COVID-19 pandemic

The European Central Bank announced on Thursday that it would be keeping interest rates unchanged.

According to…

Fernando Alanís, president of the Mining Chamber of Mexico (Camimex), revealed that Mexico received $2.5billion of investment in the mining sector in 2020, its lowest level in the last 13 years; 4.9% less compared to 2018, due to the unfavorable…

The Bank of Canada has announced a decision to keep its key interest rate target pegged at 0.25 per cent.

The central bank has said that its expert predictions show that the Canadian economy will…

Blockchain-based Service Network (BSN) is a permissioned blockchain network which is used to build decentralized applications and tokens and it now plans on releasing a beta central bank digital currency (CBDC), which is expected to be ready as…

Saudi Arabia’s central bank, the Saudi Arabian Monetary Authority (SAMA) has announced plans to launch a framework for open banking in the kingdom, which will allow a dramatically new direction for a sector known much more for its…

Hydrogen’s popularity increases as the future green fuel of choice

Financial advisory and asset management firm Lazard, has been hired to advise on a planned $5 billion hydrogen project in the Neom high-tech business zone…

Daystar Power, provider of hybrid solar power solutions, has announced a Series B investment of US$38 million to increase its footprint in various West African markets.

Founded in 2017 is an off-grid power…

Surecomp, the leading provider of global trade finance solutions for banks and corporates, announced in a publication today that South African bank Absa Group has now launched the latest version of its back-office trade finance solution IMEX in…

This deal is the most recent of the country’s drive to privatise its flour milling sector

Riyadh, Saudi Arabia. $540 million acquisition of First Milling Company (MC-1) completed by AlRaha AlSafi Food Co.

Multinational cinema chain Cineworld witnessed a significant surge in the value of its shares on Monday after an announcement that it had gotten new loans worth $450 million and waivers for its debt covenants until January 2022.

Facebook has launched a new product group to promote “payments and commerce opportunities” with David Marcus, Libra’s co-creator, in charge of the division.

This new group, named Facebook Financial — or “F2” —will operate its…

The price of gold reached a historic high on Wednesday, exchanging at $2,040 per ounce XAU= in early trading. This overnight surge puts the overall rise in gold prices this year alone at over 30%.

Australia’s second largest airline was forced to go into administration after failing to secure a government bailout.

As Finance Monthly reported, Virgin Australia confirmed on Tuesday that it has entered voluntary…

Official figures made public in a release by China on Friday have indicated a decrease of 6.8% in the country’s GDP between January and March.

This is the first economic contraction that China has seen…

According to a report posted by UK Finance today, the UK banking and finance sector has provided over £4.1 billion to SMEs so far through the Coronavirus Business Interruption Loan (CBIL) scheme, as part of a wide-ranged effort…

The UK-based airline has gone into administration, and this leaves about 2,400 jobs at risk and causes unavoidable disruption to the itinerary and travel plans of hundreds of thousands of travelers.

After talks with the…

Global investors are making the best of purchasing opportunities to prepare for the moves being made by policymakers to coordinate and prop up economies due to the devastating impact of the ongoing coronavirus pandemic.

As…

Trends show that the rise of machine learning will force a restructuring of the workforce in the financial sector. The changes that are already occurring may not only affect routine jobs, as some top-paying jobs are also likely…

Banking institutions are starting to fear that they are increasingly perceived as a utility in terms of people’s financial management – a situation some say is making them the ‘plumbing’ of the system, while big tech companies can…

Banks are leading the charge as corporate venture capital funding hits an all-time high. On Tuesday, CB Insights published an insightful report showing how investments by financial services firms into start-ups are hitting record-high numbers. The said report…

Gold currently moves at its highest price in almost seven years, while global equities took a downward slide among recent political tension involving Iran and the United States of America. The price of Gold increased as much as…

As we wrap up the year, we take a look at some of the most significant investment moves made in 2019 by the biggest money-spenders in North America. Below are the four sectors with major investment numbers in…