Nigeria’s economy grew 4.6% year-on-year in Q4 2024, marking its fastest expansion in a decade. According to the World Bank, the full-year growth rate reached 3.6% and is expected to continue in 2025. This is […]
China’s economy started 2025 with stronger-than-expected momentum, growing by 5.4% in Q1—comfortably above forecasts of 5.1%. It’s a solid showing for the world’s second-largest economy, especially as the full impact of U.S. tariffs under President […]
The U.K. economy is still stuck in low gear. The Office for Budget Responsibility (OBR) has halved its GDP growth forecast for 2025 from 2% to just 1%, forcing Finance Minister Rachel Reeves to make […]
South Africa has announced a three-year, 1 trillion rand ($54.5 billion) public infrastructure plan aimed at reviving economic growth. The ambitious strategy, unveiled by Finance Minister Enoch Godongwana, focuses on transport (402B rand), energy (219.2B […]
Early 2025 economic data suggests the U.S. economy may be slowing down faster than expected. The Federal Reserve Bank of Atlanta’s GDPNow model has slashed its first-quarter growth forecast from +2.3% to -1.5%, signaling a […]
India’s consumer market is far smaller than its population suggests, with only about 130-140 million people able to spend on non-essential goods, according to a report by Blume Ventures. Despite a population of 1.4 billion, […]
In a bold move to accelerate economic growth, the UK government has unveiled plans to limit legal challenges to major infrastructure projects. The policy targets judicial reviews – often used to delay projects such as […]
BRICS, the bloc of major developing economies, has welcomed Nigeria as its newest partner country. Originally formed in 2009 by Brazil, Russia, India, and China—later joined by South Africa in 2010—BRICS was established as a […]
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Saudi Arabia has unveiled a $100 billion investment to supercharge its mining sector, targeting critical minerals like lithium, nickel, and rare earth elements. This massive expenditure isn’t just about extracting resources—it’s a bold economic strategy […]
U.S. consumer giants are finding China a challenging market as slowing consumer spending and strong local competition impact sales. Tech titan Apple, coffee chain Starbucks, and sportswear giant Nike have all reported sales dips in […]
Nvidia is making bold moves in India’s booming tech market! At their AI Summit in Mumbai, CEO Jensen Huang, joined by Bollywood superstar Akshay Kumar and Reliance’s Mukesh Ambani, announced major collaborations aimed at transforming […]
World Bank President Ajay Banga has highlighted the urgent need for bilateral creditors to provide more debt relief to developing countries facing severe financial distress. Speaking ahead of the World Bank and International Monetary Fund […]
New Zealand is set to raise its tourism entry tax, increasing the International Visitor Conservation and Tourism Levy from NZ$35 (£16.52) to NZ$100 (£47.20) from October 1, 2024. This tax is intended to boost economic […]
The government in Thailand plans to raise the daily minimum wage by 14%, reaching 400 baht ($10.88) by October 1. This move has sparked concern among business groups, fearing that higher labour costs could lead […]
India is poised to surpass Japan as the world’s third-largest economy by 2025, with a projected nominal GDP of $4.34 trillion compared to Japan’s $4.31 trillion. This forecast by the International Monetary Fund (IMF) comes […]
China’s economy demonstrated a stronger-than-anticipated performance at the beginning of the year, primarily fueled by significant advancements in high-tech manufacturing sectors. The National Bureau of Statistics reported a 5.3% increase in GDP for the first […]
In a significant policy shift, the Bank of Japan (BOJ) has ended its eight-year experiment with negative interest rates, initiating its first rate hike in 17 years. This move adjusts the short-term policy rate from […]
In a decisive move to spur economic growth, UK Chancellor Jeremy Hunt has presented a budget focused on long-term prosperity and reducing the electoral deficit faced by the Conservative government. The centerpiece of Hunt’s announcement […]
The rapid expansion of artificial intelligence (AI) has brought its environmental footprint into sharp focus. Data centers, the powerhouses behind AI’s capabilities, are consuming natural resources at an alarming rate. Estimates show that by 2026, […]
India’s economy surged impressively at the end of 2023, marking a significant growth spurt with an 8.4% increase in GDP in the last quarter compared to the same period the previous year. This growth outpaced […]
The Indian government has taken a giant leap in the space sector by amending its Foreign Direct Investment (FDI) policy to encourage global participation. With the approval of the Union Cabinet, the space sector, including […]
In a notable effort to rejuvenate its tourism sector, Thailand has announced a reduction in alcohol tax rates. This policy, effective from Friday, is part of a broader strategy to appeal to international visitors and […]
China’s economy grew by 5.2% in the fourth quarter of 2023, falling slightly short of the anticipated 5.3% growth and highlighting ongoing challenges in its economic recovery. Despite this, the full-year growth for 2023 reached […]
Major Japanese automotive manufacturers have pledged an investment of 150 billion baht ($4.34 billion) into Thailand over the next five years. This substantial investment is aimed at bolstering Thailand’s transition to electric vehicle (EV) production, […]
Saudi Arabia has recently unveiled a compelling tax incentive program, providing a 30-year exemption from corporate income tax for foreign companies moving their regional headquarters to the Kingdom. This initiative is a part of Saudi […]
Japan’s economy, the world’s third-largest, contracted at an annual pace of 2.1% in the third quarter of 2023. This contraction, marked by weakened consumption and investment, represents a significant downturn from previous quarters. Notably, private […]
The global trade ecosystem is witnessing a seismic shift, with ‘Made in India’ labels becoming increasingly prominent on American shelves, a terrain once dominated by ‘Made in China’ products. This transformation, captured in a comprehensive […]
The U.S. Treasury Department is set to borrow a hefty $776 billion in the final quarter of 2023, a figure that’s slightly lower than the previous quarter’s record borrowing but still significant. This borrowing is […]
The Bank of England has signaled a tough road ahead for the UK, maintaining interest rates at 5.25% amidst a stagnating economy and persistent inflation. This decision comes at a critical juncture as the country […]
South Africa is facing a pressing unemployment crisis, with a staggering rate nearing 33%. This alarming figure has prompted the United Nations and other experts to label the situation as a “time bomb” that could […]
Nigeria is making strategic moves in the global lithium market. The country has tightened rules around mining its lithium minerals due to the increasing demand from foreign mining companies. The Nigerian government has mandated that […]
China is making a bold move to bolster its economy by allocating an additional 1 trillion yuan ($137 billion) towards infrastructure projects. This strategic decision comes as China aims to counteract the economic pressures it […]
The International Monetary Fund (IMF) has updated its economic forecasts for the year with the U.S. growth projection raised by 0.3 percentage points to 2.1%, compared to its July update, while the euro zone’s forecast […]
China has given the green light to Colombia’s beef exports, marking a significant move in the international meat trade. This decision was communicated to Brazilian meatpacker Minerva, which owns two plants in Colombia. The […]
The Bank of England’s Governor, Andrew Bailey, recently made headlines by suggesting that interest rates are nearing their peak, although they might still rise a bit more. He shared with MPs that the Bank is […]
In July, the U.S. retail sales report showed a surprising increase, despite the inflationary pressures and a series of Federal Reserve interest rate hikes. The Commerce Department reported a seasonally adjusted increase of 0.7% for […]
In a move to bolster its economic recovery, China’s central bank, the People’s Bank of China (PBOC), announced on Friday that it would reduce the reserve requirement ratio (RRR) for all banks, barring those already […]
Swiss voters have made a significant decision to introduce a global minimum tax on businesses and a climate law targeting zero emissions by 2050. In a national referendum, 79% voted to raise the business tax […]
According to a new report from the International Energy Agency (IEA), global investment in energy is expected to reach approximately $2.8 trillion in 2023, with over $1.7 trillion directed towards clean energy technologies such as […]
In an unexpected economic twist, China’s exports fell by 7.5% in May, a far more significant drop than the predicted 0.4%. This is the first decline since February, raising concerns about the health of the […]
South Africa, a country known for its rich history and diverse culture, is currently facing a crisis. The country’s top business leaders are sounding the alarm, warning that South Africa could become a “failed state” […]
The UK’s economy is ailing, and this isn’t just a figure of speech. More Britons than ever are out of the workforce due to long-term illness or disability, a historic and lamentable loss of human […]
In a move that could revolutionize the way people in Ethiopia do business, the government has granted a mobile money license to Safaricom. The company’s M-Pesa service is already used by millions of people in […]
In a bold move to combat climbing inflation, Argentina’s Central Bank has escalated its key interest rate by a steep six points, hitting a staggering 97%. This decisive action comes in response to inflation soaring […]
China’s economy is recovering from a slowdown caused by the COVID-19 pandemic, and this is good news for U.S. companies that do business in China. Starbucks, Yum Brands, MGM Resorts, and Tapestry are just a […]
The CEO of Genies, a $1 billion avatar tools company, is investing $2,400 a month on ChatGPT Plus accounts for all 120 employees in an effort to boost productivity and save money. Akash Nigam, Genies’ […]
Germany’s economy ministry has proposed to cover 80% of electricity costs for energy-intensive companies until 2030, aiming to support industries like chemicals, steel, and glass. The plan, estimated to cost €25-30 billion, also seeks to […]
China’s investment in Europe has taken a “green” turn, as they increasingly fund eco-friendly ventures like electric vehicle battery production. In 2022, over half of Chinese investment in Europe was in new projects rather than […]
The rate of corporation tax is going up in the UK! That’s right, starting next month, companies with over £250,000 in profits will have to pay 25% in corporation tax instead of the current 19%. […]
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