Many investors may be skeptical of the accuracy of Chinese data, but its stronger than expected February PMI animated the animal spirits and bolstered risk-taking appetites. Asia Pacific equities jumped, led by the 4.2% rally...
German industrial giant Siemens is eyeing lucrative business opportunities as the Indian government attempts to modernize the nation’s railway infrastructure. Last month, German engineering giant Siemens received the largest locomotive order in its history from...
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....
The G20 now represents 75% of world trade, nearly two-thirds of the world’s population and more than 80% of the gross world product. Officially, there is parity between the countries of the North and the...
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...
The focus is squarely on the Federal Reserve today. There is nearly universal agreement that it will lift the target by 25 bp. The market is inclined to see the shift as a sign that...
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,...
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...
