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World economy

Over a $1 trillion needed for developing nations climate transition

by Walter Watson
Over a  trillion needed for developing nations climate transition

Smoke billows from an unauthorized steel factory, foreground, on November 4, 2016 in Inner Mongolia, China. To meet China’s targets to slash emissions of carbon dioxide, authorities are pushing to …

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Geopolitical risks are a top global threat to businesses, survey finds

by Walter Watson
Geopolitical risks are a top global threat to businesses, survey finds

A Chinese and US national flag hang on a fence at an international school in Beijing on December 6, 2018. (Photo by Fred DUFOUR / AFP) (Photo by FRED DUFOUR/AFP …

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Niger coup draws condemnation from Russia and the West as regional body threatens force

by Vera Ward
Niger coup draws condemnation from Russia and the West as regional body threatens force

NIAMEY, Niger – July 30, 2023: Coup supporters take to the streets carrying Nigerien and Russian flags after the army seized power in Niger. Balima Boureima/Anadolu Agency via Getty Images …

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BOJ should move to new normal sooner, current policy is ‘very harmful’

by Walter Watson
BOJ should move to new normal sooner, current policy is ‘very harmful’

Japan needs to transition sooner to a “new normal” as the country’s current ultra low interest rate policy regime has been “inappropriate” and “very harmful” for the economy, according to …

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West Africa threatens force on Niger coup leaders, French Embassy attacked

by Walter Watson
West Africa threatens force on Niger coup leaders, French Embassy attacked

NIAMEY, NIGER – JULY 30: Coup supporters take to the streets after the army seized power in Niamey, Niger on July 30, 2023. (Photo by Balima Boureima/Anadolu Agency via Getty …

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Chinese tourists are traveling but staying in China

by Franz Hernandez
Chinese tourists are traveling but staying in China

Are you prepared? That was the question that many in the travel industry asked following China’s surprise reopening announcement in the final days of 2022. Many assumed that a torrent …

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IMF raises global growth forecast despite China’s recovery ‘losing steam’

by Walter Watson
IMF raises global growth forecast despite China’s recovery ‘losing steam’

The International Monetary Fund on Tuesday raised its growth forecast for the global economy, turning slightly more positive despite slowing momentum from China. In the latest update to its World …

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UK borrowing costs drop after inflation print

by Walter Watson
UK borrowing costs drop after inflation print

Andrew Bailey, governor of the Bank of England, at a Group of 20 finance meeting in India, on Monday, July 17, 2023. Bailey has been facing pressure over the extent …

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China’s cautious consumer confidence is dampening recovery, says ADB

by Walter Watson
China’s cautious consumer confidence is dampening recovery, says ADB

Fears are growing that China’s economy is tethering on the verge of deflation after yet another slate of underwhelming economic data July 17 provided more evidence that the stall in …

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Africa’s gaming market is expected to top $1 billion in 2024: Data

by Walter Watson
Africa’s gaming market is expected to top  billion in 2024: Data

Africa’s video game market has been doing well. In 2022, games sold in the region generated $862.8 million in revenue, up 8.7% year over year, according to Newzoo’s data. Rodger …

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