Nigeria is Africa’s biggest oil producer. But the lack of operational oil refineries has left the industry in crisis, forcing the country to import fuel. Economists say the next government needs to diversify the economy....
Africa holds mineral wealth with diverse commodities that are sought after the world over. In the diamond industry, revenues elude local communities despite multilateral certification measures. In diamond-rich parts of Africa, the revenue generated from...
The EU wants to champion “green agriculture” in Southeast Asia. But limited trade relations, regulatory nightmares and distrust could stymie it. As manufacturing and tourism collapsed in the three years of the COVID-19 pandemic, several Southeast Asian governments...
After multiple mergers, a privatized Air India is set to become the region’s dominant airline once again. A record aircraft deal is intended to renew the airline’s fleet after decades of government neglect. When Asian...
The European Commission has revised its economic forecasts upwards slightly, predicting growth of almost 1% in the bloc for 2023. Inflation is expected to slow but remain high, a little more so outside the eurozone....
While the big five oil companies registered record profits on the back of the energy crisis, relatively little will be reinvested in renewables as climate goals are slashed. Oil and gas giant Shell last week announced a historic...
It could be the biggest revolution in the aviation industry since the invention of the jet engine, but there is still much in the way before electric passenger planes before take to the skies. What...
The European Central Bank (ECB) has raised deposit interest rates by half a percentage point to 2.5%. The move comes despite slowing inflation in the eurozone. The European Central Bank on Thursday announced a large...
Silicon Valley firms are facing the music, cutting several hundred thousand jobs after years of incredible growth. Economists are divided over whether the US economy is heading for recession and soaring unemployment. First a trickle,...
With the help of German auto giants, Slovakia has become a hub for car manufacturing, making more cars per capita than any other country in the world. But will it survive the end of the...
The US tech giant has announced it will invest billions into developing artificial intelligence applications. Microsoft is planning to integrate OpenAI technology into its own sofware. Microsoft on Monday announced it is extending its partnership with...
Google parent Alphabet said that the layoffs were due to a “changing economic reality” and that hires had been made during times of growth. The move follows similar cuts at Microsoft, Amazon and Twitter. Google...
