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....
Artificial intelligence (AI) powers computers and machines to simulate the problem-solving capabilities of the human mind. Machine learning (ML), on the other hand, is to program computers using statistical models and algorithms to automate tasks....
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 focus is on the US CPI report today, but the price action is anything but intuitive. Although the revisions of the basket and methodological changes reinforce expectations for the largest rise in three months,...
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...
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...
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...
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...
