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World economy

Best things to do in Africa beyond safaris: Cruises, wine tours, hikes

by Franz Hernandez
Best things to do in Africa beyond safaris: Cruises, wine tours, hikes

Africa is blessed with some of the rarest and most beautiful animals in the world — a fact that entices tourists to book safaris year-round. But safaris only scratch the …

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Amazon reportedly in talks with Italy to invest billions of euros in cloud expansion

by Walter Watson
Amazon reportedly in talks with Italy to invest billions of euros in cloud expansion

Amazon’s computing unit AWS is in talks with Italy to invest billions of euros in the expansion of its data center business in the country as part of the tech …

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Time is ‘ripe’ to cut rates next week: European Central Bank’s Rehn

by Walter Watson
Time is ‘ripe’ to cut rates next week: European Central Bank’s Rehn

Two key European Central Bank figures on Monday threw their weight behind the prospect of an interest rate cut next week, indicating that it is practically a done deal. In …

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European banks in Russia face ‘awful lot of risk’, Yellen says

by Walter Watson
European banks in Russia face ‘awful lot of risk’, Yellen says

U.S. Secretary of the Treasury Janet Yellen speaks while presiding over a meeting of the Financial Stability Oversight Council at the Treasury Department on May 10, 2024 in Washington, DC.  …

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British retail sales plunge 2.3% in April, missing estimates

by Walter Watson
British retail sales plunge 2.3% in April, missing estimates

People walk in the rain over the London Bridge in central London, March 12, 2024. Lucy North – Pa Images | Pa Images | Getty Images LONDON — U.K. retail …

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U.S. could see hard landing, stagflation is worst outcome

by Walter Watson
U.S. could see hard landing, stagflation is worst outcome

JPMorgan Chase‘s chairman and CEO Jamie Dimon says the U.S. economy could see a “hard landing.” When asked by CNBC’s Sri Jegarajah about the prospect of a hard landing, Dimon …

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Import tariffs ‘inevitably’ making US inflation worse, China commentary says, as consumers and firms continue to foot the bill

by Walter Watson
Import tariffs ‘inevitably’ making US inflation worse, China commentary says, as consumers and firms continue to foot the bill

“The US’ pursuit of anti-globalisation, decoupling and disconnection has resulted in a mismatch of global resources, as well as supply and demand, which will inevitably impose further constraints on the …

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Iran begins days of funeral rites for Ebrahim Raisi after crash

by Vera Ward
Iran begins days of funeral rites for Ebrahim Raisi after crash

People attend funeral ceremony, held for Iranian President Ebrahim Raisi and his senior officials died in a helicopter crash, in Tabriz, Iran on May 21, 2024.  Anadolu | Anadolu | …

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UK inflation could be about to drop below the Bank of England target

by Ron Morgan
UK inflation could be about to drop below the Bank of England target

A shopper selects fresh produce from a market stall in the Kingston district of London, UK, on Monday, May 20, 2024.  Bloomberg | Bloomberg | Getty Images LONDON — U.K. …

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Russia and China keep the West guessing

by Ron Morgan
Russia and China keep the West guessing

China’s President Xi Jinping and Russia’s President Vladimir Putin attend the opening ceremony of the third Belt and Road Forum for International Cooperation at the Great Hall of the People …

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