US stocks tumbled Friday, with the Dow on track for its worst week since March. The S&P 500 and Nasdaq Composite are each headed for their third straight losing week. The 10-year Treasury yield soared Thursday to its highest mark […]
Euro zone government bond yields rose on Wednesday as the first inflation data from German states fuelled expectations the European Central Bank (ECB) tightening cycle won’t be over soon. In North Rhine Westphalia (NRW), Germany’s most populous state, consumer prices […]
Enlargement of the five-member bloc is expected to be a key talking point, with China’s Xi Jinping a major proponent. Also being discussed is global food security. Trade, agriculture, clean energy among BRICS day one talking points DW correspondent Dianne […]
The recent disruptions in the global supply chains has presented a unique opportunity for African countries to dominate the supply of finished high technology commodities, strengthening their economic resilience in the face of shocks. This is according to the United […]
Talk of de-dollarisation has gathered pace, as members of the Brics economic group meet this week in South Africa for a summit, but the US currency is unlikely to lose its crown as the world’s international reserve currency. Members Brazil, […]
Human rights activist and Senior Advocate of Nigeria (SAN), Femi Falana, has taken legal action against the Central Bank of Nigeria (CBN) at the Federal High Court over its decision to float the naira, describing it as illegal. This was […]
The New Development Bank, a financial institution created by the BRICS bloc of emerging markets, raised R1.5 billion at its first-ever South African bond auction. Shanghai-based NDB, established by Brazil, Russia, India, China, and South Africa, received more than R2.5 […]
In their push to dethrone the U.S. dollar as the world’s largest reserve currency, the BRICS nations—or Brazil, Russia, India, China, and South Africa—have been talking up the idea of a common currency for years. But Jim O’Neill, the veteran economist who […]
CAIRO – 11 August 2023: Egypt possesses 54 seaports, including 18 commercial ones, lying on the shores of the Mediterranean and the Red Sea. Those have been awaiting expansion and upgrade to serve Egypt’s purpose to become a logistic hub […]
The S&P BSE Sensex ended 307.63 points lower, while the NSE Nifty 50 settled 89.45 points lower at 19,543.10. Benchmark stock markets extended losses at the end of Thursday’s trading session, following the Reserve Bank of India’s monetary policy decision. The […]
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