Bank of England Expected to Maintain Interest Rates at 5% Amid Economic Uncertainty
In a crucial decision for the UK economy, the Bank of England is widely anticipated to keep interest rates steady at 5% in its upcoming...
Category : BUSINESS
Hong Kong’s Property Market Poised for Gradual Recovery as Rate Cuts Boost Confidence and Demand
Hong Kong’s downtrodden property market is expected to enjoy a revival in sentiment after the first cut in borrowing costs in nearly five years. It may...
Facebook’s Parent Company Meta Bans Russian State Media Networks
In a significant move aimed at curbing the influence of disinformation, Facebook’s parent company, Meta, has announced the removal of Russian state media networks from...
Google Scores Rare Legal Victory as €1.49bn Antitrust Fine is Overturned
In a rare legal victory for Google, the tech giant has successfully overturned a €1.49 billion fine imposed by the European Union over antitrust charges....
Kenyan Shilling Holds Firm Against US Dollar Amid Stable Foreign Reserves
The Kenyan shilling has remained stable against the US dollar, providing much-needed confidence to businesses and consumers amid global currency fluctuations. As of mid-September 2024,...
Poultry Prices in Egypt Surge by Nearly 15% Since Early September
Poultry prices in Egypt have spiked by almost 15% since the beginning of September, putting pressure on consumers and raising concerns about food security in...
African Businesses Embrace Digital Transformation to Drive Post-Pandemic Growth
As the global economy continues to stabilize following the disruptions caused by the COVID-19 pandemic, African businesses are increasingly turning to digital transformation as a...
Germany and Kenya Sign Landmark Labor Migration Agreement
Germany and Kenya have officially entered into a groundbreaking labor migration deal aimed at creating employment opportunities for Kenyan workers in Germany while addressing the...
Africa’s Economic Outlook 2024: Inflation, Growth, and Challenges on the Horizon
As Africa enters 2024, the continent’s economy is a mix of cautious optimism and lingering challenges. Many African nations are charting paths to recovery following...
Unlocking Africa’s Economic Potential: The Power of Regional Trade Agreements
Africa’s economic growth is closely tied to its ability to foster collaboration between nations. In recent years, regional trade agreements have emerged as powerful tools...
The Digital Revolution: How Technology is Transforming African Business
Africa is experiencing a digital transformation that is reshaping the way businesses operate and creating new opportunities across the continent. Technology is no longer just...
Strike at Argentina’s Flagship Airline Disrupts Travel for 30,000 Passengers
A large-scale strike by workers at Aerolíneas Argentinas, Argentina’s national airline has caused major disruptions leaving 30,000 passengers stranded, The strike organized by airline staff...
Global Markets Face Uncertainty Amid Inflation Worries and Tech Sector Slump
Global business markets are navigating turbulent waters as a combination of inflation concerns, a downturn in the tech sector, and rising geopolitical tensions shape the...
Tragedy at Food Lion: Worker Found Dead Inside North Carolina Store Freezer, Investigation Underway
In a tragic incident that has shocked the local community, a Food Lion employee was found dead inside a freezer at a store located in...
Chad Jenkins Calls on Entrepreneurs to Rethink Innovation and Leadership
Entrepreneur and business strategist Chad Jenkins is challenging entrepreneurs around the world to adopt a new mindset—one that moves beyond traditional strategies and embraces innovative,...
Stock Market Caution as Key Economic Data Approaches
Global stock markets are bracing for critical economic data to be released this week, especially in the U.S., where the labor market report is expected...
African Tech Startups Attract Record Investment Amid Global Slowdown
Despite a challenging global economic environment, African tech startups have continued to attract record levels of investment in 2024. In the first half of the...
Botswana Stock Exchange (BSE) Gains Amid Diamond Sector Recovery
The Botswana Stock Exchange (BSE) saw positive movement today, driven by a rebound in the diamond sector. Shares in Debswana, a joint venture between De...
Mixed Performances in African Stock Markets as Global Uncertainty Persists
African stock markets displayed mixed results as global economic uncertainty, fluctuating commodity prices, and regional political developments influenced trading activities. While some markets saw gains...
Ghana’s Parliament Approves $250M World Bank Loan for Energy Sector Recovery After Initial Rejection
Accra, Ghana – After initially rejecting the proposal in a surprise vote on July 30, the Parliament of Ghana has now approved a $250 million...